ECONOMICS

Detailed explanation-1: -Tactical decisions in the supply chain, which are medium-term decisions that typically span from a few months to one year, identify medium-term policies associated with different processes of the supply chain, according to the network structure established in the strategic-level decision-making.

Detailed explanation-2: -Strategic planning lays out the long-term, broad goals that a business or individual wants to achieve. And tactical planning outlines the short-term steps and actions that should be taken to achieve the goals described in the strategic plan.

Detailed explanation-3: -Tactical decisions are decisions and plans that concern the more detailed implementation of the directors’ general strategy, usually with a medium-term impact on a company. Tactical points requiring decisions include, but are not limited to: Size and structure of a work force. Sales and marketing strategy.

Detailed explanation-4: -Tactical plans are the short-term actions the firm takes to affect the controllable elements of the strategy. Thus, tactical decisions relate to how a strategy is implemented and ultimately achieved. Tactics are the initiatives and activities that, when combined and successful, deliver the strategic objective.

Detailed explanation-5: -Tactical planning and control is an extension of management at the supervisory level. Its interval is less than 1 year but not as often as every day.