Global Supply Chain Issues
The increasing focus on core competencies and efficiency has led many companies to outsource non-core operations to distant specialists, saving production costs and cutting organizational waste. The integrity of a global supply chain is absolutely crucial to keep these relationships profitable. However, the benefits of global supply chain operations extend far beyond cost-savings. They also serve to: (1) Increase Revenue; (2) Achieve Economies of Scale; (3) Reduce Direct Cost; (4) Advance Technology; (5) Reduce firm's global tax liability; (6) Reduce market access uncertainty; (7) Enhance sustainability.
Challenges/Vulnerabilities
1. More demanding logistics operating environments
a. Language
b. Unique national standards
c. Sheer amount of documentation
d. High incidence of countertrade and duty drawback
2. Security considerations
3. More complex total cost analyses
4. Transportation considerations
5. Import constraints
Global logistics must support operations in a variety of different national, political, and economic settings while also dealing with increased uncertainty associated with the distance, demand, diversity, and documentation of international commerce. A manger must also consider the relative maturity or stage of global trade: (1) Import/Export; (2) International with Local Presence; (3) Globally Integrated Enterprise. Each stage possesses unique product, marketing, supply chain, management, information technology, and human resource strategies.
Analysis
Helferich's principles of supply chain Disaster Management Preparation are useful for non-disaster supply chain management as well. The unpredictability of far-flung...
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