QUESTION THREE (a) Explain the two stages in undertaking a supply positioning analysis [6 marks]

The question is asking for an explanation of the two stages involved in undertaking a supply positioning analysis. This is a business-related question, specifically within the realm of supply chain management. The two stages typically involved in a supply positioning analysis are: <br /><br />1. Data Collection and Analysis: This first stage involves gathering all relevant data about the supply chain, including information on suppliers, transportation methods, inventory levels, and costs. This data is then analyzed to understand the current state of the supply chain and identify any potential issues or areas for improvement.<br /><br />2. Strategy Development and Implementation: The second stage involves developing a strategy based on the insights gained from the data analysis. This could involve deciding which suppliers to work with, how to optimize transportation methods, how to manage inventory more effectively, etc. Once a strategy has been developed, it is then implemented in the supply chain.<br /><br />These stages are crucial for understanding the current state of the supply chain and making informed decisions about how to improve it.