Use the attached documents to write one 1000 words brief comparing all the information according to the instructions below.

Now, we shall discuss the importance of strategic management with Supply Chain Management (SCM). As we know SCM is a function which generally deals with the procurement of people to the organization as well as handling every activity till their exit with the organization. Strategic Supply Chain Management (SSCM) can be defined as a process to develop, nurture, motivate, utilize, retain, buying, appraise etc. in such a way that they can provide competitive advantage to the organization.

Even, experts of management said that Supply Chain is only the resource which cannot be copied by the competing companies’ in spite of the fact that organization has similar capital structure, but they will be different in their productivity.

The various functions of SCM are as follows:

Strategic talent acquisition: It means hiring only those people who will be utilized to achieve competitive advantage in terms of knowledge, skills and abilities. Strategic training and development:

Developing such a pool of candidates, who will be unique in terms of leadership, innovation, and global icon for the customers?

Strategic employment relationship with the people:

In SCM, a company will focus to provide such employment policy which provides them relief, empowerment, equal opportunity to grow; equal compensation, benefits, flexible benefits, Work from home etc.It will focus to establish a rapport between, employer and employees.

Everyone who works for an organization will have to represent their organization due to their duties as well as moral responsibilities, In SCM, an organization believes that these will be the main torch bearers for the company’s policy.

In conclusion, Strategic Management can be utilized with more than just one specialization. The important goal is how it’s being used. Strategic decisions are different from administrative and operational decisions. Administrative decisions are routine decisions which help or rather facilitate strategic decisions or operational decisions. With that being said, it doesn’t matter how Strategic you get with different business models/ organizations, it all comes down to evaluating and planning and teaming up with the right businesses to be successful. This is why strategic management is important to any and everything we apply it too.

Reference Page

(MSG, 2019) Strategic Management Process - Meaning, Steps and Components Retrieved from:

https://www.managementstudyguide.com/strategy-evaluation.htm