Identify ways a company can move from a “commodity” position to one of a cost and/or value advantage.

Review the case study “Surplus Styles” in your textbook on page 46. Then briefly answer questions 1 through 3. Also, provide your insights into how Derick should resolve his problem including (a) what steps he should take, (b) should he go out for quotes from a list of vendors or negotiate with his current vendor. Finally, think about and briefly discuss what the differences are when selecting vendors to meet cost points versus meeting quality standards.
Sanders, Nada R. Supply Chain Management, 2nd Edition. Wiley, 2017-09-18. VitalBook file.
Questions1) Find an example of a company whose product you like. Identify its business strategy and its supply chain strategy. Explain whether or not the supply chain strategy supports the business strategy.
2) Identify ways a company can move from a “commodity” position to one of a cost and/or value advantage. Is a commodity position always bad, and how can companies differentiate themselves in this position?
3) Explain the differences between vertical integration and outsourcing. Identify the strategic advantages of each, and explain how each position can be used to help supply chain strategy.