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B207 BLOCK 2 - COMPETING IN A GLOBAL CONTEXT, Supplier relations are…
B207 BLOCK 2 - COMPETING
IN A GLOBAL CONTEXT
SUPPLY CHAIN MANAGEMENT
definition
:books:
planning and managing
the channels
of distribution
:pencil2:
procurement
logistics
sourcing
coordination & collaboration with suppliers,
partners, third party providers
vertical
upstream
secure supply
high demand
downstream
high quality
customer control
horizontal
outsourcing
advantages :check:
fewer direct staff
reduced need for capital investment
clear identifiable supply chain cost
disadvantages :red_cross:
reduced economies of scale
increased supply chain risks :!!: :!!:
some loss of control
bullwhip effect
time
demand
supplier relations :blue_car: :factory: :shopping_trolley:
supply chain efficiency
time :timer_clock:
ratio "throughput efficiency"
cost :moneybag:
reliability
FINANCE
multinationals
market control
tax avoidance
transfer pricing
exchange rates : :heavy_dollar_sign: :pound: :euro:
world bank
IMF
FDIs
capital account
deficit
surplus
financial account
current account
BRANDING & INNOVATING
identity/logo
reputation
equity
content
name
packaging and labeling :label:
innovation :bulb:
global & local brands
INTERNATIONAL MARKETING
expansion triggers :left_right_arrow:
low-growth domestic markets
customer drivers
competitive forces
saturated/small domestic markets
portfolio balance
cost factors
micro environment
macro environment
operations
globalisation vs customisation :globe_with_meridians:
standardisation
adaptation
new market entry modes
global strategic partnership :handshake: :handshake:
licensing
joint ventures & strategic alliances
franchising
contract manufacturing
direct investment :moneybag: :moneybag: :moneybag:
management contracting
direct & indirect exporting
PESTLE
GEOGRAPHY &
CULTURES
divergence
localised context
parent culture
convergence
global culture
common values
crossvergence
HRM :silhouettes: :silhouettes:
workforce :construction_worker:
conditions
empowerment
adaptation to local context
ETHICS
CSR
consumer protection
overconsumption
cultural homogenisation
consumerism
Business interaction based on ethical norms
Supplier relations are clearly depend on understanding of local cultures
Geography and cultures impact product and service implementations.
Innovation contributes to economic growth
Company/product branding will strictly related to geography and cultures.
Effective operations supply chain strategies will lead to greater success.
Ethical branding strategy will help deliver company's vision, mission and values.
CSR will play vital role to deliver sustainable supply chain.
Cultural crossvergence will have positive impact on brand reputation.
Expansion triggers drive FDIs
bullwhip effect is often caused by overconsumption.
HRM practice plays central role in contracting managers.
