What term refers to the functions and stages that devise an integrated strategy with a shared objective?

The term that refers to the functions and stages that devise an integrated strategy with a shared objective is scope of strategic fit. This concept emphasizes aligning various elements within an organization, including resources, processes, and goals, to ensure that all parts of the supply chain are working harmoniously towards a common strategy. Achieving strategic fit means that a company can respond effectively to its external environment and market demands, enhancing its competitive edge.

In the realm of supply chain management, strategic fit is crucial as it involves making choices that ensure operational capabilities align with market needs. This alignment allows organizations to optimize their resource utilization, reduce costs, and increase responsiveness to customer demands. Organizations that emphasize strategic fit are better positioned to adapt to changes and pursue new opportunities, reinforcing their effectiveness in the marketplace.

The other terms, while related to supply chains and operations, focus on different aspects. For instance, operational fit involves the alignment of operational capabilities with specific competitive strategies, but it does not encompass the broader, integrated approach that strategic fit entails. Meanwhile, functional integration relates to how different departments within an organization work together, but again, it lacks the overarching strategic perspective. Scope of operational fit pertains specifically to operational decisions rather than the strategic level integration of those operations.