Competitive Advantage Notes: Definitions & Explanations PDF | Download eBooks
Study Competitive Advantage lecture notes PDF with supply chain management definitions and explanation to study “What is Competitive Advantage?”. Study competitive advantage explanation with SCM terms to review supply chain management course for online MBA programs.
Competitive Advantage Definition:
Competitive advantage is the creation of a unique advantage over competitors..
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Competitive Advantage Notes:
Those organizations that have competitive advantage over others produce such goods and services which have equal value with low price and having some kind of innovative fashion which is required by the customer. This results in generating more sales with higher productivity as compared to their rivals in the market. Variety of factors can be attributed to the competitive advantage such as branding, distribution network, cost structure, and the services prove to the customers. It generates more value for the organization and for the stakeholders. It is very difficult for the competitors to neutralize the competitive edge if the firm has more sustainable competitive advantage.
Keep Learning with Supply Chain Management Notes
What is Lot-for-Lot?
It is called Discrete Order Quantity, and is a strategy for parcel measuring, where the net necessities happening for every ...
What is Feasible region?
The feasible district is the arrangement of all focuses whose directions fulfill the requirements of an issue. In scientific enhancement, ...
What are Binary Variables?
Parallel factors are factors which just take two qualities. For instance, Male or Female, True or False and Yes or ...
What is Sustainability?
It encourages organizations to make decisions in years instead of quarter earnings report by considering factors rather than only profit ...
What is Manufacturing Resource Planning (MRP II)?
MRP II or manufacturing resource planning is characterized as a strategy for the powerful arranging of all assets of an ...
What is Net Present Value?
An immaterial cost is an unquantifiable expense identifying with a recognizable source. Impalpable expenses speak to an assortment of costs, ...