supply chain strategy
Identify the type of supply chain strategy you believe Oil company (example is cheveron) are using and make a recommendation if they need to make some improvements or if they should continue by using their current strategy. Make sure you provide justification for your recommendation.
Answer previewOil companies have a preference for the lean supply chain strategy that focuses on reducing wastage of any of the utilities of products and activities that do not add value to the chain. This strategy works effectively with oil companies because they have a clearly defined manufacturing, production, and market for their products which means that a lean approach helps them enhance performance and profitability. The power of such a strategy is that the companies can adapt according to demand in …
(350 words)