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Q. Explain about the vertical integration?
Backwards vertical integration a firm integrating backwards into its supply chain, the supplier included in a previous and a various stage of production or supply as an example, Ford Motor Company merging along with a car component supplier or manufacturer.
Forwards vertical integration a firm integrating forwards into its supply chain within the next and a various stage of production or supply, closer to its eventual customer as an example Ford Motor Company merging along with a car dealership for example, car retailer.
Q. Explain the strategic supply wheel according to Cousins? The 'strategic supply wheel' suggests that this is imperative to keep an alignment of corporate goals along with the
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Examples of organisations that practice Lean synchronisations
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