Essays on Demand and Design of Product as Determinants of Supply Chain Strategy Report

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The paper "Demand and Design of Product as Determinants of Supply Chain Strategy" is a wonderful example of a report on management. The past few decades have seen great advancements in the electronic and technology industries. Due to that many companies have totally revolutionized their ways of functioning and approach to management. In general terms, the electronics industry can be termed as highly competitive and most significantly fast-moving. The changes that have been witnessed in the recent past have boosted productivity by making more efficient, cheaper, faster, and capable of producing high-quality products (NAM, 2006). The electronic industry can be ranked among the growing industries going by the rapid speed of transitions witnessed in the industry.

There are a number of implications that go with such kind of industry. For instance, there exist many market imperfections such that economic models fail to be reflected in the industry. This is exactly the case when the price trends are studied. Increases in prices of electronic products do not reflect a proportionate change in demand. What the perception is by consumers is that increases in prices represent the value of the product in question.

Imperfections are reflected in the market liberalization where there a lot of restrictions and regulations by national laws. Governments are sensitive to the dumping of electronic products and companies have to negotiate long and cumbersome procedures before they are allowed to operate in overseas markets. Modern supply and distribution functions are based on the demand perspective rather than the supplier perspective. In this sense, the producers have to design their products in regard to what the market wants. This is followed by a supply chain that is devised to efficiently link the producer and the consumer with minimum bureaucracies.

Such strategies require that the design of the product and supply chain be incorporated in the initial stage of strategy formulation by management.

References

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