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17944689
Global sourcing, production and logistics
Description
Global sourcing, production and logistics
No tags specified
global sourcing
production and logistics
tercero
Mind Map by
Betsy Carolina Rodriguez
, updated more than 1 year ago
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Created by
Betsy Carolina Rodriguez
about 5 years ago
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Resource summary
Global sourcing, production and logistics
Production
Activities involved in creating a product
Logistics
Transmission from procurement to distribution.
Stratetegic Objectives
1. Lowering Costs
2. Increasing Product Quality
3. Accommodating Demands For Local Responsiveness
4. Responding to Shifts in Customer Demand
Where to produce
Country factors
Skilled labor and supporting industries.
Formal and informal trade barriers.
Expectations about future exchange rate changes.
Transportation costs.
Technological factors
The level of fixed costs
The minimum efficient scale
The flexibility of the technology
Product factors
Product's value-to-weight ratio
Whether the product serves universal needs
The strategic role of foreign factories
Outsourcing Production
Make-or-buy decisions
The advantages of make
Lower cost
Facilitate investments in highly specialized assets
Protect proprietary technology
The advantages of buy
Greater flexibility
Drive down the firm’s cost structure
Managing a Global Supply Chain
At the lowest possible cost
Establish a competitive advantage through superior customer service.
The role of just-in-time inventory
Major cost savings from reduced warehousing and inventory holding
The role of information technology and the internet
Allow firms to track materials in real time and optimize production scheduling according to when components are expected to arrive.
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