Introduction to Strategic Supply Chain (2).pptx

Strategic supply chain management

1. INTRODUCTION TO STRATEGIC SUPPLY CHAIN MANAGEMENT Faculty of Business Administration Presented by: Tony Msiska

2. 1. Vision Statement Definition: The vision is a forward-looking statement that describes the desired future state of the organization. Purpose: It provides direction, inspires employees, and serves as a guiding beacon. Formulation: Considerations: Think about where you want the organization to be in the long term (5-10 years). Example: "To be a global leader in sustainable technology solutions, driving positive change for a better world."

3. 2. Mission Statement Definition: The mission statement outlines the purpose of the organization, its reason for existence. Purpose: It clarifies the organization's fundamental business and serves as a foundation for strategic decision-making. Formulation: Focus Areas: Identify the key activities and the value the organization provides. Example: "To deliver innovative and eco-friendly technology solutions, enhancing the quality of life for communities worldwide."

4. 3. Core Values Definition: Core values are the fundamental beliefs and principles that guide the behavior and decision-making of individuals in the organization. Purpose: They shape the organization's culture and serve as a moral compass. Formulation: Identify Beliefs: Determine the values that are most important to the organization. Example Values: Integrity: Upholding honesty and ethics in all interactions. Innovation: Encouraging creativity and forward-thinking. Sustainability: Commitment to environmental responsibility.

5. 4. Goals Definition: Goals are broad, overarching statements that define what the organization aims to achieve. Purpose: They provide a strategic framework and set the direction for the organization. Formulation: SMART Criteria: Specific, Measurable, Achievable, Relevant, Time-bound. Example: "Achieve a 20% annual revenue growth for the next five years."

6. 5. Objectives Definition: Objectives are specific, measurable, and time-bound actions or steps designed to achieve goals. Purpose: They break down goals into actionable tasks. Formulation: Alignment: Ensure objectives directly contribute to the achievement of goals. Example: "Increase market share by 15% within the next two years through targeted marketing campaigns and product innovation."

7. Summary Vision: A future-oriented statement guiding the organization's long-term aspirations. Mission: Defines the organization's purpose and reason for existence. Goals: Broad, overarching statements providing strategic direction. Objectives: Specific, measurable, time-bound actions to achieve goals. Core Values: Fundamental beliefs shaping organizational culture. Additional Tips: Involvement: Involve key stakeholders in the formulation process for greater commitment. Review and Update: Regularly revisit and update these statements to ensure alignment with changing internal and external factors. Communication: Effectively communicate these elements throughout the organization for understanding and alignment.

8. QUESTIONS??