Global Supply Chain Management
The management of a company's supply chain on a global scale, focusing on efficiency, cost-effectiveness, and risk management.
Implications
The coordination and optimization of the flow of goods, information, and resources across a company's global network of suppliers, manufacturers, and distributors, aiming to improve efficiency, reduce costs, and ensure timely delivery to meet global demand.
Example
Example: A clothing retailer practices global supply chain management by managing its network of factories in Asia, warehouses in Europe, and distribution centers in North America, ensuring that products are produced and delivered efficiently to meet seasonal demand worldwide.
Related Terms
Different from local supply chain management, which deals with logistics within a single country or region, global supply chain management involves navigating the complexities of international trade, transportation, and regulation.
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