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Global Supply Chain Management Assignment Solution

   

Added on  2020-10-05

11 Pages2756 Words244 Views
GLOBAL SUPPLY CHAINMANAGEMENT

Table of ContentsINTRODUCTION...........................................................................................................................3COURSEWORK 2...........................................................................................................................3Impacts of Global Supply Chain Management practices.................................................................3The Practices of Global Supply Chain Management..................................................................3Positive Impacts of Supply Chain Practices on business performance.......................................4Negative Impacts of Supply Chain Practices on business performance.....................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONGlobal Supply Chain Management consists of various set of approaches in order to effectively and efficiently integrating flow of raw-materials, finance and also information from the supplier, manufacturer, wholesaler, distributor and retailer to the end customers. In today's business environment, every company focus on developing its business activities and operation across the national boundaries. Supply chain of companies can be referred as resources which are required for delivering the goods and services to the end customers. In the present report, explanation about the global supply chain management is done in brief. The report also critically evaluates about the impacts of supply chain practices on the business performance. COURSEWORK 2Impacts of Global Supply Chain Management practicesBusiness organisations are focusing for tapping into international markets and goingglobal in order to gain various benefits of international markets (What is global supply chainmanagement?, 2017). Entering into new markets through global supply chains as it enablesorganisation for growth and development of their business. Therefore, organisations are aimingat creating effective global supply chain so that it helps in enabling them to increase theirbusiness operations and reduce operational cost. This also provides organisation to have accessfor new and advanced technologies through doing partnership with the foreign companies. Manyorganisations operates their business operations and activities across the national boundaries thustheir supply chain focuses on effectively managing the entire process. The Practices of Global Supply Chain ManagementBusiness needs to focus on implementing best practices of supply chain so that it helps inbusiness to develop and get success and prosperity. Business organisation have valuepropositions and best practices of supply chain and these factors help them to gain competitiveadvantage and also separate them from intense competitors. The supply chain managementpractices effectively creates service advantage and also become catalyst for the new businesses.Following are given the emerging trends and practices of global supply chain management:Direct to Market (D2M): This refers to selling the products directly to customers withinUK or elsewhere in the global markets. Companies adopting to Direct to Marketapproach focus on directly distributing the goods and services to end customers rather

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