Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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What areas of the supply chain do you think will benefit the most from
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- May you please help me, Globalization and technology developments have led to some significant changes in the global economy. How would you evaluate the importance of such changes to the United States? How could you determine the impact upon supply chains?arrow_forwardHow loT (Internet of things) can affect the trade-off between responsiveness and cost-efficiency of international supply chain management?arrow_forwardExplain the concept of supply chain management and its importance in today's globalized economy.arrow_forward
- How will suppliers be selected, managed, and evaluated to improve the sustainability initiatives of global organizations?arrow_forwardWhat is a supply chain? In your view, why did supply chains become global?arrow_forwardFigure out the supply chain of an item you can buy on the Internet and find a company that makes or sells this item. How does this company make money from e-commerce?arrow_forward
- With the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently. Where is the supply chain organization vulnerable to potential risk? Identify at least four risks. Why is the organization vulnerable? How will this risk affect the organization if it happens? How will this risk affect the organization’s customers and suppliers? What are the causes of the risk?arrow_forwardHow can the supply chain remain sustainable while remaining resilientarrow_forwardEvaluate the influence of global risks on the achievement of key purchasing objectives and/or outcomes in the entire supply chainarrow_forward
- The recent globall pandemic posed major challenges to international business. Practitioners and businesses alike state that the biggest disruptions were seen in supply chains. Your task is to search the internet or survey your business contacts to find a illustration of supply disruption and how the business coped or adjusted to the altered situation.arrow_forward“There are known unknowns, knowable unknowns and unknowable unknowns”(Donald Rumsfeld). How would supply chain managers deal with the prospect of risk and vulnerability within global supply chains?arrow_forwardWhy is it acceptable to the government of China to capture 3 million of their own naturalborn citizens, then force them to work in the China product supply chain? Please be as detailed as possiblearrow_forward
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