How Globalization Changes Supply Chain Management?
The business landscape is rapidly becoming more global. It has been attributed to the improvements in communications. Globalization is having a great impact on the business management and transaction. It has been noticed that supply chain in a business is more affected by the globalization trend. Manufacturing, distribution, sourcing of materials, invoicing and returns have been impacted by the increased integration of a global customer and supplier base.
The right supply chain design is critical to managing the changes brought about by globalization. A well-planned supply chain network design can optimize the supply chain network and flow of materials through the network. In the entire process, network design captures the costs of the supply chain applies technology to find out solutions to strategic and tactical issues.
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