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Strategic stock 1) The stock of goods of essential importance for the continuation of the production process and which is built up in order to compensate for long hold-ups of incoming goods (caused by strikes and political difficulties, etc in a particular country or region). (Source: ILT Supply-Chain Inventory Management SIG) Strategic planning 1) Planning the long-term objectives of a business or a department within a company and the methods to be employed to achieve those objectives. Strategic alliance 1) Term used in logistics operations when one company forms a relationship with another (ie an alliance) for the purposes of jointly exploiting business opportunities - but not a merger or takeover. |
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