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Summary of global supply chain management - Book Report/Review Example

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This issue is the management of how goods and services flow. It involves the movement and storage of goods from the raw material form to the finished product from where they are distributed and…
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Download file to see previous pages e objectives of these are to create value, build competitive infrastructure, leverage worldwide statistics, measure global performance, and synchronize supply with demand. Managers learn systematic approaches in the supply chain methodologies in the global markets. Since there is fierce competition in the same, there are several strategies provided for managers, enabling them to maneuver and bypass challenges in the global market. Managers are enlightened once they learn that a logical approach in the supply chain can get their companies ahead of the rest. They can save their money as well as eliminate the risk of interruption of the chain of supply and other issues. With these strategies, managers can achieve a lot and bypass all kinds of problems faced in the supply chain. If by chance one business fails to deliver their product or service to the next business in time, this then disrupts the entire chain. It may result in problems such as inflated costs, decreased shares, reduced revenues and a damaged business reputation. Companies with resilient competitive and responsive supply chains tend to have an advantage over other companies that do not strategize to upgrade their supply chain (Drake, 5).
Supply chain risk management is the implementation of strategies that enable a company to manage the risks along the supply chain. It also reduces the vulnerability and ensures that there is continuity in the chain of supply. Managers are advised to learn how brittle their supply chain is to get what strategy to use in order to bypass a particular problem. Businesses are encouraged to identify the supply chain risks that they fear might affect the normalcy of the production and prepare for the supply chain disruptions. This readiness may enable businesses learn their mistakes and look for means and ways to put things in place. It is quite evident that the more global the business is, the more critical the location of the suppliers. Countries like Qatar, Finland and ...Download file to see next pagesRead More
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