Competitive Advantage Definition and Explanation PDF | Download eBooks
Learn Competitive Advantage definition in supply chain management with explanation to study “What is Competitive Advantage”. Study competitive advantage explanation with SCM terms to review supply chain management course for online MBA programs.
Competitive Advantage Definition:
Competitive advantage is the creation of a unique advantage over competitors..
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Competitive Advantage Explanation:
Those organizations that have competitive advantage over others produce such goods and services which have equal value with low price and having some kind of innovative fashion which is required by the customer. This results in generating more sales with higher productivity as compared to their rivals in the market. Variety of factors can be attributed to the competitive advantage such as branding, distribution network, cost structure, and the services prove to the customers. It generates more value for the organization and for the stakeholders. It is very difficult for the competitors to neutralize the competitive edge if the firm has more sustainable competitive advantage.
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