Global Production and Supply Chain Management

Question 1

Issues in International Business

Answer 1

Where should production facilities be located?
2. What should be the long-term strategic role of foreign
production sites?
3. Should the firm own foreign production activities, or is it better
to outsource those activities to independent vendors?
4. How should a globally dispersed supply chain be managed, and
what is the role of information technology in the management
of global logistics, purchasing (sourcing), and operations?
5. Should the company manage global supply chains itself, or
should it outsource the management to enterprises that
specialize in this activity?

Question 2

Managing firms value chain activities to
create value

Answer 2

slide 4

Question 3

Production, and Supply Chain
Management as value creation activities 4 definitions

Answer 3

Production includes activities
involved in creating a product /
service

Supply chain management - integration
and coordination of logistics, purchasing,
operations, and market channel activities
from raw material to the end-customer

Purchasing - is the part of the supply chain thatinvolves worldwide buying of raw material,component parts, and products used inmanufacturing of the company’s products andservices.

Logistics - is the part of the supply chain that
plans, implements, and controls the effective
flows and inventory of raw material, component
parts, and products used in manufacturing