Global Supply Chain Management: Global to Local

2007-03-08 10:33:40

( Computers )



The advent of the Internet and other modern telecommunications technology, the world is far more interconnected and smaller than ever before. Businesses, in particular have been using these technologies to their advantage, opening businesses opportunities which were unavailable before.

WORLDWIDE MARKET

Nowadays, big businesses have the entire world as their market. You can have your base here, get your supply from somewhere else, and then outsource your other business functions to yet another country. Businesses end up earning more because they procure their materials and labor from cheaper sources.

This complex sourcing arrangement can be very difficult to handle and direct. So many variables can go wrong at so many points. This is particularly true with businesses selling goods and products. That is why executives should be well-trained global supply chain management.

Global supply chain management is a facet of supply chain management system which studies and analyzes your company’s main procurement and order fulfillment system. Global supply chain management takes into consideration the crucial points or places where your business is most vulnerable, like material and labor sources, and then suggests ways to strengthen these crucial points.

LEAN, MEAN MACHINE

Global supply chain management will then try to streamline your procurement and order fulfillment by eliminating unnecessary steps. Supply chain management systems work like efficiency experts, trimming your operations into a well-oiled machine that needs very minimal supervision.

Because supply chain management solutions is very important to global businesses, most companies will encourage their higher-level officers to get a supply chain management MBA and pay for the education.

Studying global supply chain management enables a company to be prepared to deal with different countries and work with their various legal systems. Supply chain management solutions will also familiarize the business with the local culture and teach the company to prepare for and deal with contingencies without interrupting the business flow.


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