Global Supply Chain Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Global Supply Chain and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Global Supply Chain and get quick solutions for your test.

What is Global Supply Chain?

Global Supply Chain is the process of managing and coordinating resources, materials and goods from manufacturers to consumers across international boundaries. The Global Supply Chain involves many different aspects such as distribution logistics, production planning, inventory management, transportation management and customer service. It is important for companies to have an efficient Global Supply Chain that can help them keep up with the changing demands of customers and markets.With the introduction of technology and increased globalization, global supply chains have become increasingly complex. Companies are now able to source products from any corner of the world within a matter of days or hours due to advances in air transportation and rail systems. Additionally, improved communication between suppliers has enabled businesses to better manage their supply chain operations on a global level. This allows companies to be more agile in responding to customer needs while ensuring their bottom line remains intact.In order for companies to remain competitive in today’s global market they must be able to optimize their global supply chain operations by utilizing best practices such as just-in-time (JIT) manufacturing processes, lean manufacturing principles, demand forecasting tools and automated warehouse systems. Best practices allow companies to reduce costs while simultaneously improving quality control across their entire supply chain network which helps ensure customer satisfaction. Furthermore, utilizing data analysis techniques can offer insights into where potential cost savings may exist along the supply chain which helps further improve efficiency and reduce waste throughout the process. Overall, developing an optimal Global Supply Chain is essential for any business that wants to stay ahead in today’s highly competitive marketplaces. Utilizing best practices coupled with data driven insights can help ensure your company’s success now and in the future.