Essay On Global Supply Chain
The term global supply chain was developed due to rise of globalisation and is evolving as new technologies are emerging in the global economy. In global supply chain management, the whole supply chain or process is extended to many different countries around the world hence it involves the use of parts and services from another factory overseas. It is made up of interrelated organisations, resources, and processes that create and deliver products and services to end consumer (involves international suppliers and customers). that is, it generally describes a shift from a centralised model of a supply chain management to a worldwide or regional approach.
Global supply chain has become a threshold capability of most of international companies
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Increasing consumer expectations on product quality and customer service
2. Coordinating global supply chain partners to integrate supply and demand
● Global supply chain disruption risks
● Governmental rules and regulations in disparate
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Some of the benefits or reasons to apply global supply chain are;
● It creates competitive advantage to the company, when there are numerous supplies involve in the supply chain process the focal company can obtain high quality products at affordable prices thereby creating a high value for their customers at lower prices .
● Furthermore, the global supply chain helps to reduce the cost, because with severals international suppliers the focal firm can reduce the amount of inventory it hasto retain which meaning cutting down cost in storage, transportation, security etc. and this helps increase the competitive edges of global supply chain.
● Effective management of a global supply chain can help increase customer satisfaction. This is because focal firms will be able to meet customers’ expectations and demand on time and in the right place in time. Customer satisfaction may also be achieved as lead times will be reduced with effective collaboration with key players in the supply chain and typically with regards to key suppliers. This goes a long way to increase perceived value and loyalty in the long
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