Global supply chain

global supply chain

1. NAME :SWETA KUMARI ENROLLMENT NO.:180613101061 SECTION:B GLOBAL SUPPLY CHAIN

2. WHAT IS GLOBAL SUPPLY CHAIN ? An integrated process where several business entities such as supplies , manufacturers, distributors and retailers work together to plan, coordinate and control material, parts and finished goods from suppliers to customers.one or more of these business entities operate in different countries .

3. ELEMENTS OF GSC :

4. IMPORTANCE OF GLOBAL SUPPLY CHAIN MANGEMENT: Boosts customer service Reduce operating costs Decreases Purchasing Cost Decreases Production Cost Decreases Total Supply Chain Cost  Improves financial position Increases Profit Leverage Decreases Fixed Assets Increases Cash Flow  

5. BENIFITS: Expanded sourcing opportunities . A world market offers businesses opportunities to secure a diverse selection of workers, materials, and products. This larger selection of goods and services often means the opportunity to select higher-quality or lower-cost options. The opportunity to reach new customers in new markets . Just as globalization offers more materials and labourers, it also offers new customers in new locations with new needs. More room to grow . New technologies and a shrinking globe mean that it is easier for companies to grow generally: to produce more, offer more, and sell more. Expanding borders also means expanding businesses and corporations.  More opportunities to save money . Globalization’s biggest benefit is that increases options: options for source materials, options for workers, and options for transportation. More options mean more chances to save on spending and increase profits.

6. DRAWBACKS : Large-scale management issues .  The opportunity to grow business goes hand-in-hand with the issue of greatly increased supply chain complexity when it comes to management.   Inventory issues and distribution issues are high on the list of problems encountered by going global. Greater risk . Having materials, factories, and customers all over the world means being at the mercy of global events, from natural disasters, to port closures, to political uprisings Global competition . You are not the only entity with access to supplies, products, and labour around the world – you now have a lot of competition scattered across the globe. Globalization necessitates that supply chains are highly efficient and well-run in order to stay competitive in a global market. 

7. Information collection challenges . With different aspects of your supply chain scattered around the world, and with an increasingly complex process for getting products to customers, data collection and oversight can be huge new challenges Legal issues. Operating across borders means operating in countries that very likely have different laws and regulations. For example, secret product details may not be safe in China, where they have less stringent intellectual property laws. In another example, a country where you have a factory may have very different employment laws than another where you have an identical factory. 

8. THANKYOU