Chapter 4: The Global Supply Chain

Question 1

What supply chains do?

Answer 1

They enable the flow of goods and services (producer to consumer).

Question 2

Identify the 3 types of supply chains and briefly describe each

Answer 2

1. Physical SC- The “connection” between buyer and seller and the various service providers that enables the physical flow of goods/product
2. Financial SC- The financial flows—payment and financing—between buyer, seller and parties in the supply chain
3. Information SC- Information about the flow of goods, the status of payments, or other key elements of a transaction

Question 3

list the sequence of the physical supply chain in order

Answer 3

1. Market
2. Plan
3. Acquire
4. Build
5. Sell
6. Distribute
7. Service

Question 4

List the sequence of the information supply chain in order

Answer 4

1. Business operations
2. Internal management reporting
3. External financial reporting
4. Compliance & regulation
5. Policy making

Question 5

What is trade about?

Answer 5

Global commerce. Exporters are importers, and both are investors in their markets.

Question 6

Drivers of global intergration

Answer 6

1. Doubling of the global workforce
2. Enhanced and economical global
3. Communications
4. Standardization and digitization of work
5. The global supply base
6. Rise of the global startup.

Question 7

What does export optimization focus on?

Answer 7

1. Product development
2. Manufacturing
3. Warehousing

4 Marketing

5. Order processing and more