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Introduction to Global Supply Chain Management
Global supply chain management encompasses the planning, execution, and optimization of the processes involved in the flow of goods, services, and information across international borders. In today's interconnected world, businesses rely on efficient supply chain management to gain a competitive edge, reduce costs, and meet the demands of increasingly discerning consumers.
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- Global Sourcing and Procurement: This involves sourcing goods and services from global markets to optimize costs, quality, and reliability. It includes strategies for vendor selection, negotiation, risk management, and supplier relationship management.
- Logistics and Distribution Networks: Logistics focuses on the movement and storage of goods, while distribution networks involve the design and optimization of transportation routes and warehousing facilities to ensure timely delivery and cost-effectiveness.
- Inventory Management in a Global Context: Managing inventory across international boundaries involves balancing stock levels to meet demand while minimizing holding costs. Concepts like Just-In-Time (JIT) and Economic Order Quantity (EOQ) models are essential for efficient inventory management.
- Supply Chain Integration and Collaboration: This topic explores the integration of various supply chain activities, including coordination between suppliers, manufacturers, distributors, and retailers. Collaboration and information sharing among supply chain partners are crucial for enhancing efficiency and responsiveness.
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