What is typically excluded from a supply chain strategy?

In a supply chain strategy, new product development is typically excluded because supply chain management primarily focuses on the flow of goods, information, and finances from suppliers to customers after a product has been designed and developed. The core components of a supply chain strategy tend to emphasize procurement methods, transportation logistics, and inventory management, as these elements are directly related to the efficient movement and storage of products as they pass through the supply chain.

While new product development is crucial for innovation and meeting market demands, it falls under product management or development strategies rather than the operational aspects of supply chain management. Effective supply chain practices are more concerned with optimizing existing processes related to how products are sourced, stored, transported, and delivered, rather than the initial creation of those products.