Global supply-chain Management is the term used to describe the distribution of goods and/or services across a transnational company's global network. The idea is to maximize profit and minimize waste. This distribution method has many advantages, but there are also drawbacks. Let's look at some of these issues. You can read on to find out more about the advantages of global supply-chain management. We'll also talk about some of its challenges.
Resilience
It is essential to have a strategy that encourages resilience in order to be an effective global supply chain manager. Redesigning the supply chain, eliminating redundant workers, and implementing multiple sources can all help to increase the supply chain's resilience. In the short term, supply chains may be considered rigid, but with constant vigilance, creativity, and innovation, they can become resilient. One inventory management software provider, Cin7, has helped its users to build resilience in their supply chains by publishing various educational materials and advice.
Information sharing
Although information sharing is not a well-known concept in global supply chain management it is critical to the survival, growth and success of enterprises. This study explores the ways in which information sharing can benefit multiple parties within a supply chain. The benefits of information sharing are diverse, and they may vary according to the type of information shared. Information's value will differ depending on the individual parties. These are just a few examples of the types of information that can be beneficial to a supply chain.
Quality management
Quality issues are an essential part of any supply-chain. It is crucial for companies to ensure product quality. However it is equally important that secondary issues are addressed and supply chain risk managed. This article will cover the role and importance of quality management for global supply chain management. It will also show how current business systems can fail this challenge. Let's talk about how companies can overcome such challenges and implement better quality assurance practices.
Logistics links
The needs of businesses change as consumers' preferences and demands evolve. The global supply chain is a complex system of companies, individuals, and suppliers that work together to deliver goods at the correct time and to the right location. Logistics plays a vital role in global logistics management. It allows companies to lower their costs while improving their performance. Outside of businesses, supply chains also include suppliers, producers as well warehouses, transportation companies and distribution centers.
COVID-19 pandemic
Global supply chain management will be essential in order to manage the huge COVID-19 outbreak. Global supply chains are vital to response efforts, supplying essential supplies in a timely manner. But other issues such as the Chinese lockdown and uncertainty in the global economy have made it difficult for the global supply to remain open. This pandemic is challenging supply chain resilience as well as flexibility. Companies will be judged upon their responses and corporate values in the aftermath of this crisis.
Impact on the economy
The global economy is dependent on the management of its supply chains. As more manufacturers switch to JIT (just-in-time) production, they are increasingly dependent on a single source for vital supplies. However, JIT production models have a large drawback: they make companies vulnerable to disruptions in their supply chains. According to a survey, nearly half of executives want to reduce production from China and one third plan to decrease the importance of JIT manufacturing.
Career opportunities
Global supply chain managers manage all aspects of a company's international procurement strategy. They oversee the logistics of inventory and collaborate with suppliers to ensure high-quality products. In addition, they keep track of supply chain performance and analyze data related to this field. This role requires collaboration with many departments within a company. Below are some career options available to people with this experience. Each of these career options offer great career opportunities.
FAQ
What is the role and responsibility of a Production Planner?
Production planners ensure that all project aspects are completed on time, within budget and within the scope. They make sure that the product and services meet client expectations.
What skills are required to be a production manager?
Production planners must be flexible, organized, and able handle multiple tasks. Also, you must be able and willing to communicate with clients and coworkers.
What jobs are available in logistics?
There are many jobs available in logistics. Some of them are:
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Warehouse workers - They load and unload trucks and pallets.
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Transport drivers - These are people who drive trucks and trailers to transport goods or perform pick-ups.
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Freight handlers: They sort and package freight in warehouses.
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Inventory managers - They oversee the inventory of goods in warehouses.
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Sales reps are people who sell products to customers.
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Logistics coordinators are responsible for organizing and planning logistics operations.
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Purchasing agents: They are responsible for purchasing goods and services to support company operations.
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Customer service representatives - Answer calls and email from customers.
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Shipping clerks: They process shipping requests and issue bills.
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Order fillers - These people fill orders based on what has been ordered.
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Quality control inspectors – They inspect incoming and outgoing products to ensure that there are no defects.
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Other - Logistics has many other job opportunities, including transportation supervisors, logistics specialists, and cargo specialists.
How can manufacturing efficiency improved?
The first step is to determine the key factors that impact production time. We then need to figure out how to improve these variables. If you don't know where to start, then think about which factor(s) have the biggest impact on production time. Once you've identified them all, find solutions to each one.
What are the four types of manufacturing?
Manufacturing is the process that transforms raw materials into useful products. It can involve many activities like designing, manufacturing, testing packaging, shipping, selling and servicing.
What is the role of a logistics manager
Logistics managers make sure all goods are delivered on schedule and without damage. This is done through his/her expertise and knowledge about the company's product range. He/she should make sure that enough stock is on hand to meet the demands.
Statistics
- It's estimated that 10.8% of the U.S. GDP in 2020 was contributed to manufacturing. (investopedia.com)
- In 2021, an estimated 12.1 million Americans work in the manufacturing sector.6 (investopedia.com)
- [54][55] These are the top 50 countries by the total value of manufacturing output in US dollars for its noted year according to World Bank.[56] (en.wikipedia.org)
- According to the United Nations Industrial Development Organization (UNIDO), China is the top manufacturer worldwide by 2019 output, producing 28.7% of the total global manufacturing output, followed by the United States, Japan, Germany, and India.[52][53] (en.wikipedia.org)
- (2:04) MTO is a production technique wherein products are customized according to customer specifications, and production only starts after an order is received. (oracle.com)
External Links
How To
How to Use the Just-In-Time Method in Production
Just-in-time is a way to cut costs and increase efficiency in business processes. It is a process where you get the right amount of resources at the right moment when they are needed. This means you only pay what you use. The term was first coined by Frederick Taylor, who developed his theory while working as a foreman in the early 1900s. He observed how workers were paid overtime if there were delays in their work. He decided to ensure workers have enough time to do their jobs before starting work to improve productivity.
JIT is a way to plan ahead and make sure you don't waste any money. Also, you should look at the whole project from start-to-finish and make sure you have the resources necessary to address any issues. You will have the resources and people to solve any problems you anticipate. This way you won't be spending more on things that aren’t really needed.
There are several types of JIT techniques:
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Demand-driven: This JIT is where you place regular orders for the parts/materials that are needed for your project. This will allow you to track how much material you have left over after using it. This will allow you to calculate how long it will take to make more.
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Inventory-based: This is a type where you stock the materials required for your projects in advance. This allows you predict the amount you can expect to sell.
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Project-driven : This is a method where you make sure that enough money is set aside to pay the project's cost. When you know how much you need, you'll purchase the appropriate amount of materials.
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Resource-based JIT : This is probably the most popular type of JIT. Here you can allocate certain resources based purely on demand. You will, for example, assign more staff to deal with large orders. If you don’t have many orders you will assign less people to the work.
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Cost-based: This approach is very similar to resource-based. However, you don't just care about the number of people you have; you also need to consider how much each person will cost.
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Price-based pricing: This is similar in concept to cost-based but instead you look at how much each worker costs, it looks at the overall company's price.
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Material-based: This approach is similar to cost-based. However, instead of looking at the total cost for the company, you look at how much you spend on average on raw materials.
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Time-based JIT: A variation on resource-based JIT. Instead of focusing only on how much each employee is costing, you should focus on how long it takes to complete your project.
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Quality-based JIT: Another variation on resource-based JIT. Instead of focusing on the cost of each worker or how long it takes, think about how high quality your product is.
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Value-based JIT is the newest form of JIT. In this instance, you are not concerned about the product's performance or meeting customer expectations. Instead, your focus is on the value you bring to the market.
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Stock-based is an inventory-based system that measures the number of items produced at any given moment. This method is useful when you want to increase production while decreasing inventory.
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Just-in-time (JIT) planning: This is a combination of JIT and supply chain management. It's the process of scheduling delivery of components immediately after they are ordered. It is essential because it reduces lead-times and increases throughput.