Focus on core competencies focus on own and let them

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focus on core competencies - focus on own and let them do samerisksquality control intellectual property - protect secretsbusiness practices - legal, ethical, poor reflection loss of strategic flexibility - difficult to address issues without controloffshoringcompany moves manufacturing out of its “home” country to another countryoutsourcing company contracts outside firm to perform services, operations, or business processes that could be or were previously performed in-house both offshoring and outsourcingcompany utilizes a contractor in another country to perform services/operations contract manufacturerscompany that produces goods on behalf of another organization near-sourcingoffshoring/outsourcing where the location is relatively close to the location of the consumershift in strategy from manufacturing far away to manufacturing closer to home manufacturing compliancebusiness behaviors of a manufacturer associated with following regulations, practices, and other requirements that clients have established match specifications, safe for use and disposal, act socially responsibly, protect data of members of supply chain manufacturing audits companies examine whether or not manufacturing contractors are abiding by legal/agreed upon regulations, business practices, and other established manufacturing requirements currency exchange considerationsexchange rate - volatile and uncontrollable
strong dollar - create loss in Europe weak dollar - create extra profits infrastructurephysical structures and equipment utilized to move goods organizations that support the movement of goodsroads, railways, seaports, airports, bridges, trains, forklifts, skilled laborcustoms and regulationscontrols the goods that enter and leave the countrymonitor whether importers and exporters are adhering to customs regulations established by the government classify goods and services according to the classification systemassess and collect appropriate tariffs, enforce quotas aid in issues with national security, narcotics, weapons, commerce control, intellectual propertycollect info about imports and exports C-TPATvoluntary program developed by US customs and border protection for companies importing goods into the USrequires member organizations to report a significant level of detail related to supply chain partners and actions for each imported shipment members - speedier and more hassle-free customs clearance 3PL third party logistics companycontractor that performs one or more logistics functions for their client in an effort to facilitate effective and efficient movement in the supply chain can’t be buyer or seller of products freight forwardercontractor that helps companies organize the efficient and effective shipment of goods from one point in the supply chain to another do not actually transport goodsnegotiate and arrange for one or more logistics companies to prepare, secure,

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