module 7 study guide.docx - SCM 300 MODULE 07 Study Packet...

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SCM 300 – MODULE 07 Study Packet Module 07: International SCM Issues Reading Assignment - e-Notes (Supply Chain Management Fundamentals: Module 7) Below is a list of the items most likely to be tested from the Module 7 eNotes: Global profit motivations: revenue opportunities associated with globalizing a supply chain Distribution options that might be useful in other markets Business trends that can be adopted in other markets Cost opportunities associated with globalizing a supply chain Global Brand strategy: making sure your product meets the requirements of all the different countries you are shipping to since they all have different regulations. Intellectual property: copyrights, patents, trademarks, and other designations that protect the creative ideas of a company, artist or other creator of goods, ideas and other outputs. Benefits and Risks of External Partners Benefits: Speed Expertise Resource utilization Focus on core competencies Risks: Quality control Intellectual property Business practices legal Loss of strategic flexibility Offshoring, Outsourcing ( and both ) Offshoring : where a company moves manufacturing out of its “home” country to another country. Outsourcing : when a company contracts an outside firm to perform services, operations or business processes that could be or were previously performed in-house. Offshoring and outsourcing: strategy where a company utilizes a contactor in another country to perform services and or operations Contract manufacturers: company that produces goods on behalf of another organization Near-Sourcing: type of offshoring where the location of the manufacturing facility is relatively close to the location of the consumer. Manufacturing compliance: the business behaviors of a manufacturer associated with following the regulations, practices and other requirements that their clients have established. Manufacturing audits: process whereby companies examine whether or not their manufacturing contractors are abiding by the legal and agreed upon regulations, business practices, and other established manufacturing requirements. Currency exchange considerations: it takes time to buy supplies, manufacture products and move them to their final destination. So the strength of the exchange rate matters Infrastructure: physical structures and equipment utilized to move goods. It could also refer to the organizations that support the movement of goods Customs and Regulations: governments establish customs agencies to control the goods that enter and leave a country. C-TPAT(customs-trade partnership against terrorism): voluntary program developed by US customs and border protection for companies importing goods into the US. Makes for a faster process if company discloses info about supply chain 3PL(third part logistics company): A contractor that performs on or more logistics functions for their client in an effort to facilitate effective and efficient movement in the supply chain. Can not buy or sell goods though Freight forwarder:

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