Assessment of organizational readiness. Business & Finance homework assistance| Business & Finance homework help
In the case study, Critical Success Factors (CSFs), revolve around finding reliable, efficient suppliers of resources and managing supply chain effectively. Understanding customer expectations and needs is also key. One CSF, for example, is trust. This will ensure that goods are delivered on time and quality. This would involve researching new suppliers for competitive pricing and negotiating prices that meet the company’s budget requirements.
The development of an efficient supply chain management plan is another CSF. This will maximize efficiency in cost control as well as ensuring adequate inventory to meet customer demand. Understanding customer preferences through market research allows the company to quickly respond to changes in trends and preferences to stay competitive. These are just a few examples of how this can be done.