Low Cost Leadership Definition and Explanation PDF | Download eBooks
Learn Low Cost Leadership definition in supply chain management with explanation to study “What is Low-Cost Leadership”. Study low cost leadership explanation with SCM terms to review supply chain management course for online MBA programs.
Low Cost Leadership Definition:
Achieving maximum value, as perceived by the customer..
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Low Cost Leadership Explanation:
Those firms which prefer low-cost leadership strategies developed the large volume of products at a very low cost. This provides them the competitive edge in the market over the competitors. Whenever the goods are manufactured in the bulk form, it reduces the cost of production which then facilitates the firm to set low price of product in the market. Low prices attract the more customers and generate more profits.
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