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Archives
ACCREDITED SUPPLY CHAIN PROFESSIONAL
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With increased globalization and offshore sourcing, global supply chain management is becoming an important issues for many businesses, like traditional supply chain management, the underlying factors behind the trend are reducing the costs of procurement and decreasing the risks related to purchasing activities.
Some of the major risks faced in global supply chain management include:
A shifting risk profile: this include risks ranging from fluctuations in interest and exchange rates to supply chain piracy. As these risks become more strategic, they frequently involve greater levels of uncertainty that can impact capita investments.
Regulatory obstacles: fast changing regulations and local policies can have a dramatic impact on the profitability of cross-border investments, heightening uncertainty in rapid growth market.
Cultural differences: managing workforces when operations are separated by thousands of miles, international time zones and cultural and religious differences can be an exacting challenge.
Resource constraints: increased competition for local talents often result in skills shortages in key functions. This creates increased demand for effective planning process allied to dynamic resource management capabilities.
Problem flexibility: the growing interdependence of international value chains make the consequences of major systematic disruptions difficult to manage.
Despite increasing awareness among practitioners, the concept of global supply chain vulnerability, green supply chain management and supply chain risk management is still in their infancy.
Join ABMC INTERNATIONAL For The;"Accredited Supply Chain Professional"-read more here; https://intl-abmc.com/events/certified_course.php?course_id=79&courses_cat_id=13