Chapter Covered

-Introduction
-Strategies


Introduction

  • Supply chain management means that management of chains of supplies for value addition.
  • Almost all the firms try to make supply chains as a core competence to get a competitive edge.
  • The firm is influenced by supply chain management policies on firm’s performance; the participants in the supply chain management of an organization have altogether different experience
  • Entrepreneurial supply chain creates connection among customers and suppliers based on innovative ideas, mainly formulated by Small and Medium Enterprises
  • SMEs are trying to enhance their competences to enter in the global market.
  • Due to scarce resources not having access to latest technology is main problem for these enterprises.
  • Entrepreneurial supply chain management competence which means SCM capabilities with new ideas to get maximum benefits
  • A unique entrepreneurial SCM which have ability to compete against other large firms is much of help
  • SMEs have specific entrepreneurial resources such as competitive advantage and orientation for effective implementation of Supply Chain Management.
  • Entrepreneurship means process which leads to expansions in business new ways that create value on every step mean newness
  • Entrepreneurship transformation means that organizational culture and system are in entrepreneurial manner.
    • Welcoming something different and new

Strategies for Entrepreneurial SCM

  • Innovation Orientation
  • Risk Taking Characteristics
  • Pro Activeness Orientation
  • Keeping Up Relational Capital Skill
  • Maintaining Coordination Capability

Innovation Orientation

  • Mangers say that focus on aggressive approach should be of innovation orientation.
  • By doing this you can get distinct edge on your competitors.
  • Managerial vision shows the outlook for success in supply chain.
  • SMEs require new and persuasive opportunities in challenging markets. Innovation leads to performance by supporting activities, procedures and association.

Risk Taking Characteristics

  • Organization have to take decision in complex situation which lacks factors harmony in information, cash, goods and services.
  • Different types of risks like; availability, operations, demand, bulk, edge, resources can be prevalent for an SME
  • Despite knowing the above risk and uncertainties, risk taking approach helps to look at an optimistic approach
    • i.e. look forward and not care about negative consequences, which can be avoided and won over

Pro Activeness Orientation

  • Pro activeness Orientation means firms ability to create new edges and beat the competitors.
  • It also include the freezing of new ways in the market which influence learning and other suitable actions in supply chain

Keeping Up Relational Capital Skill

  • There should be much socially linked up with customers as well as supplier also which refers to relational capital skill.
  • Networking strategies of being social is helpful for better flow of activities.
  • R.C.S refers to connecting with supplier which play an important role in inputs and especially to those who are well known by entrepreneurs.

Maintaining Coordination Capability

  • To share the information with all the SCM participants is very important for SMEs because the key so success of all members lives in this.
  • The main purpose is to provide the right products, services and all type of information to supply chain members.
  • Information sharing is main thing in collaboration and coordination has great effect on internal as well as external collaboration.

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