Managing the Global Supply Chain in an Uncertain World

We live in interesting times. Powerful forces argon re-shaping the spherical business scene : financial and economic upheaval in the furthermost East, Latin America and Russia is creating a tidal-wave of change in the belligerent surroundings. Organisations that once felt insulated from overseas low-priced competitors now hear that they too must not only continue to constantly create newfound value for customers, but must do so at a lower price. To meet the challenge of simultaneously reducing cost and enhancing customer value, requires a radically different cuddle to the way the business responds to marketplace demand. One of the keys to success is the founding of an immediate allow chain on a worldwide scale. The agile supply chain There is now widespread recognition of the component that supply chain management can play in modify organisations to compete in volatile markets. However, experience suggests that there are significant barriers both within the company and between its upstream and downriver partners in achieving the required level of responsiveness across the chain as a whole. Continuous change is a phenomenon with which the supply chains contain had to cope for some time.

But the rate, scale and unpredictability of change is forthwiths pissed business environment is seriously challenging supply chains based on 1990s best practice. The logistics environment of the new millennium will have to contend with:- · turbulent markets that change rapidly and unpredictably · highly fragmented niche markets or else of plug markets · ever greater rates of technological trigger in products and processes · shorter product life-cycles · growing demand for tailored products - mass customisation · the delivery of complete solutions to customers, comprising products and services. And all of the above to be achieved at less cost! These severe challenges mean that a new operating paradigm is needed. The key factor is agility - rapid strategic and operational... If you want to get a full essay, order it on our website: Orderessay

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