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What are the objectives of supply chain management?
To maximise customer value and achieve a sustainable competitive advantage.
List down why supply chain management is important
Improves operations
Manage increasing transportation costs
Handle competitive pressure and globalization
How does an information system facilitates SCM?
Allows supply chain partners to coordinate long-term plans and control the day-to-day flow of goods.
What are the Elements of Supply Chain Management?
Integration
Operations
Purchasing
Distribution
What are the Obstacles to Global Chain Transactions?
Increased documentation
Ever-changing international regulations
Limited shipping infrastructure
What are the Disadvantages of Globally Sourced Goods
Longer lead times due to shipping
Reputational risks
Fluctuations in exchange rates
Loss of control