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Global Value Chain Management > Chapter 3: Global Value chain design > Flashcards

Chapter 3: Global Value chain design Flashcards

1
Q

Give me general reasons to globalise

A

Reduced costs
Improve supply chain
Provide better service/product
Understand Markets
Attract and Retain Global talent

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2
Q

What are the 4 Strategic Postures when it comes to globalizing

A

1) Business Transfer: replication of business activities in multiple countries, high degree customisation
2) Home Orientation: stick to home market, starting position for many companies
3) Global Integration: Destruction of Value Chain, relocation of every process
4) Export Orientation: Value creation in home country, export of products to other markets

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3
Q

What is important to think about in the decision

A

Customer needs
Product features
Customer focus
Production conditions

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4
Q

What are the factors that influence the network design

A

Supply chain costs: facilities, inventories
Elements of customer needs: product variety, response time…

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5
Q

Give 2 ways of managing demand

A

adjusting to seasonal demands
differential pricing

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6
Q

Give 2 ways of managing Capacity

A

making staff changes
improving processes

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7
Q

What are the most important reasons of outsourcing

A

Cost savings 77%
Gaining outside expertise 70%
Improving services 61%
Gaining access to technology 56%

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8
Q

What are the most common outsourced processes

A

Purchasing
Logistics
R&D
Finance & Accounting
HR/Training
Service Management

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9
Q

What are the advantages of outsourcing

A

Cost savings
Gaining outside experience

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10
Q

What are the disadvantages of outsourcing

A

Loss of control
Long-term Impact

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11
Q

What are the risk mitigation in outsourcing

A

agreements must specify results
evaluation is necessary to ensure performance

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12
Q

What is the definition of Resilience, Short resilience and Long resilience

A

The ability to withstand changes in its environment and still function
Capacity of Value chain to persist, adapt, transform in the face of change
Capability of Value Chaine to prepare for unexpected events and respond to disruptions

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13
Q

What are success factors of Global value Chain

A

Agility
Responsiveness
Flexibility

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14
Q

Give me 2 Location Decision Parameter

A

Global innovations for local markets: proximity to demand, ability to innovate
Regional processing: access to raw materials; proximity to demand

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15
Q

What are reasons for new location selection

A

Proximity to Customer
Decrease cost

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16
Q

What are the assumptions of location selection

A

Bulk-Gaining: finished products weigh more than raw materials
Bulk-Reducing: finished products weigh less than raw materials

17
Q

What is the criticism on the Scoring Model

A

Subjective result, it is not verifiable
the characteristics are not always clearly representable

18
Q

What is the criticism on the Cost Comparison analysis

A

It is unsuitable for complex decisions
No statement of advantage can be made

19
Q

What are the different dimensions in sustainable development

A

Time
Social
Environmental
Economic
Spatial
Technical

20
Q

What is the pyramid of CSR

A

1) Philanthropic: social engagement
2) Ethical: social behavior
3) Legal: comply with all laws
4) Economic: cover all costs

21
Q

What can risk management do

A

Identify and Evaluate risks faced by a firm
Communicate these risks to senior management

22
Q

What can’t risk management do

A

Predict the future
Identify business opportunities

23
Q

What is the risk management cycle

A

Risk Monitoring -> Risk Identification -> Risk Assessment -> Implementation of strategies

24
Q

What are the risk management tools

A

Probability of occurring (uncertainty)
Impact

25
Q

What are the Value Chain Risk Sources

A

1) Demand side risks (disruption in material flow to customer)
2) Supply side risks (quality pbs)
3) Regulatory, legal, bureaucratic risks (non compliance with laws…)
4) Transportation risks (accidents)
5) Infrastructure risks (It failures, fire)
6) Catastrophic risks

26
Q

What are the strategies for resilient procurement

A

Operational measures: Stocks
Tactical measures: Sustainability
Strategic measures: Multiple sourcing

27
Q

What are the strategies for resilient production

A

Operational measures: Preventive Work Safety
Tactical measures: Demand-oriented Production Planning
Strategic measures: sustainable Alignement of processes

28
Q

What are the strategies for resilient logistics

A

Operational measures: Additional Storage Space
Tactical measures: Alternative Transport Routes
Strategic measures: Automation of processes

29
Q

What are methods for sequence planning

A

first come first serve
shortest process time
earliest due date

Global Value Chain Management (5 decks)

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