The increased trend of globalization and offshore outsourcing in business environments has made global supply chain management an important issue to a good number of businesses today. Global supply chain management distinguishes itself from the traditional supply management given the fact that it involves an organization’s worldwide interests rather than a national or local perspective (Peng 2011, p. 465).
The fact that this approach to supply chain management involves a large number of countries, presents new difficulties that need to be dealt with in a totally different manner than the latter. These new difficulties require a strategic approach to global supply management, which is unique from the traditional methods used to combat such challenges. The strategic approach will put in mind certain issues affecting businesses today like; globalization, strategic choices, opportunities and risks, and natural occurrences like earthquakes and its aftermath and consequences to supply like in the case of Japan.
This paper provides a discussion of strategic approaches to global supply chain management and makes a mention of issues like globalization, strategic choices and opportunities and risks.
Table of Contents
- Introduction
- The impact of globalization on business
- Global supply chain management
- Strategic choices
- Strategic choices in global supply chain
- Location choices
- Production choices
- Inventory choices
- Distribution choices
- Network design choices
- Opportunities and risks
- Opportunities and risks
- High overall costs
- Time delays
- Unproductive overseas employees
- Unfavorable weather conditions
- Customer preference
- Reduced costs of procurement
- Reduced risks related to purchasing activities
- Reduced labor costs
- The example of japan
- Conclusion
Objectives and Key Themes
This paper aims to discuss strategic approaches to global supply chain management, considering key factors such as globalization, strategic choices, and the opportunities and risks involved. It also explores the impact of natural occurrences, such as earthquakes, on supply chains, using the example of Japan.
- The impact of globalization on business and supply chains
- Strategic choices in global supply chain management
- Opportunities and risks associated with global supply chains
- The role of natural occurrences in disrupting global supply chains
- Case study of Japan and its experience with supply chain disruptions
Chapter Summaries
- Introduction: This chapter introduces the concept of global supply chain management and its importance in today's business environment. It highlights the complexities of managing supply chains across international borders and the need for a strategic approach.
- The impact of globalization on business: This chapter explores the multifaceted concept of globalization and its implications for businesses worldwide. It discusses the driving forces behind globalization, including technological advancements and policy changes, and the resulting benefits and challenges for businesses.
- Global supply chain management: This chapter defines global supply chain management and outlines its key components, including the management of raw materials, inventory, and finished products from production to consumption. It also emphasizes the importance of effective planning, sourcing, manufacturing, and delivery within global supply chains.
- Strategic choices: This chapter delves into the various strategic choices that companies need to make when managing global supply chains. It covers key areas such as location choices, production choices, inventory choices, distribution choices, and network design choices.
- Opportunities and risks: This chapter examines the opportunities and risks associated with managing global supply chains. It discusses both potential cost savings and the challenges posed by factors such as time delays, unpredictable overseas employees, unfavorable weather conditions, and customer preferences.
Keywords
The main keywords and focus topics of this text include global supply chain management, globalization, strategic choices, opportunities and risks, natural occurrences, earthquakes, Japan, international trade, investment, and cross-border enterprises.
- Quote paper
- Mathias Tillmann (Author), 2012, Strategic approaches to global supply chain management, Munich, GRIN Verlag, https://www.grin.com/document/213043
