Low Cost Leadership Notes: Definitions & Explanations PDF | Download eBooks
Study Low Cost Leadership lecture notes PDF with supply chain management definitions and explanation to study “What is Low-Cost Leadership?”. Study low cost leadership explanation with SCM terms to review supply chain management course for online MBA programs.
Low Cost Leadership Definition:
Achieving maximum value, as perceived by the customer..
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Low Cost Leadership Notes:
Those firms which prefer low-cost leadership strategies developed the large volume of products at a very low cost. This provides them the competitive edge in the market over the competitors. Whenever the goods are manufactured in the bulk form, it reduces the cost of production which then facilitates the firm to set low price of product in the market. Low prices attract the more customers and generate more profits.
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