Article
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Supply Chain and Marketing Alignment in Launching New Products: Lessons From High-Tech Startups
Version 1
: Received: 21 June 2024 / Approved: 22 June 2024 / Online: 24 June 2024 (11:03:24 CEST)
How to cite: Holloway, S. Supply Chain and Marketing Alignment in Launching New Products: Lessons From High-Tech Startups. Preprints 2024, 2024061566. https://doi.org/10.20944/preprints202406.1566.v1 Holloway, S. Supply Chain and Marketing Alignment in Launching New Products: Lessons From High-Tech Startups. Preprints 2024, 2024061566. https://doi.org/10.20944/preprints202406.1566.v1
Abstract
Aligning supply chain and marketing functions is crucial for high-tech startups aiming to successfully launch new products in competitive markets. This qualitative research explores the strategies, challenges, benefits, and best practices associated with supply chain and marketing alignment in high-tech startups. Through a detailed analysis of case studies and semi-structured interviews with industry professionals, the study identifies key insights into how startups can effectively integrate these functions to enhance operational efficiency, market responsiveness, customer satisfaction, and risk management. The findings reveal that successful alignment requires the formation of cross-functional teams, leveraging integrated technologies like CRM and ERP systems, establishing regular inter-departmental communication, and developing joint performance metrics. These strategies foster collaboration and ensure that supply chain and marketing efforts are coordinated towards shared goals. However, startups face challenges such as differing departmental objectives, resource constraints, communication barriers, and technological limitations, which hinder effective alignment. Benefits observed from effective alignment include improved operational efficiency through streamlined processes, enhanced market responsiveness to adapt quickly to changing demands, increased customer satisfaction by delivering products that meet market expectations, and better risk management through proactive identification and mitigation of supply chain and market risks. Best practices identified include fostering a culture of collaboration, investing in technology for data integration and transparency, aligning strategic objectives across functions, and continuously monitoring and adjusting alignment strategies. Integration of broader elements such as sustainability, entrepreneurship, emotional intelligence, marketing, and supplier relationship management further enriches the alignment framework. This study contributes to a deeper understanding of how high-tech startups can strategically align their supply chain and marketing functions to achieve competitive advantage and sustainable growth in dynamic market environments.
Keywords
Supply Chain; Marketing; Alignment; High-tech Startups; Product Launch; Collaboration; Technology Integration; Strategic Objectives
Subject
Business, Economics and Management, Business and Management
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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