Chat with AIExam 2: Global Dimensions of Supply Chains
Where is a megacity most likely to develop?
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VerifiedA
What contributions do successful supply chains make to companies?
(36) VerifiedA supply chain is boundary spanning; that is, encompassing a group of interrelated firms focused on delivering the best price or value products and services to the ultimate customer at the end of the supply chain. It was also noted that a supply chain can manage four important flows, namely, materials/products, information, financials, and demand.
An important characteristic of today's world economy is the increasing regional economic integration. The globalized economy has led to multilateral trade promotion and lowered barriers to international business transactions. The best supply chains allow organizations to compete very successfully on a national, regional, and global basis.
A number of authors have observed that traditional, hierarchical organizations have changed in the current global economy. How have organizations changed? Why have they changed? What are the impacts of those changes likely to be?
(30) VerifiedChanges have resulted in shorter product life cycles, new forms of competition and new business models. Traditional organizational structures and related business models frequently change as companies get more involved in outsourced manufacturing and some logistical activities such as transportation, warehousing, and order fulfillment. All of this impacts the supply chain and its related customer service activities. Out sourcing, off-shoring, and insourcing have become part of the lexicon of 21st century businesses, and information technology has allowed supply chains to be redesigned for more efficiency and effectiveness as well as better execution. Supply chain management has become an important, and for some organizations, even critical ingredient for their competitive strategy and success in this global environment. Companies have transformed themselves by changing their supply chains to take advantage of global opportunities.
The synergism between globalization and technology, especially, has permanently changed the dynamics of the world's marketplace. This new era has and will continue to spotlight supply chains as a critical part of the ability of organizations to compete economically.
Which two countries account for approximately 36% of the total world population?
(32) What is meant by the current description of the global economy that "time and distance have been compressed"? Do you agree? What has been the impact of this compression?
(33) The Trade Act of 2002 requires exporters to electronically submit shipping documents to U.S. Customs _____ hours after delivery to a port.
(43) The underlying logic of Adam Smith's theory was used to advance the rationalization that he called specialization of labor.
(36) Operating globally has become easier to accomplish for even individuals and small companies, because of the advances in information/communications technology.
(33) The scope and magnitude of trade flows between the United States and other countries have grown considerably in the last several decades.
(41) The Trade Act of 2002 requires exporters to electronically submit shipping documents to U.S. Customs 24 hours before delivery to a port or 24 hours before vessel departure.
(39) Tariffs and other trade barriers have been significantly reduced among many countries, allowing a much more competitive global economy.
(33) According to prediction, _____, _____, and _____ will all house so called Megacities, whereas _____ will not have any cities of this size.
(45) _____, _____, and _____ are the top three recipients of exports from the United States, in that order.
(37) While the total world population has been increasing on an absolute basis, the rate of increase has declined.
(29) Reduced order cycle time has become an important part of supply chain management since it can lead to lower inventory levels for customers, improved cash flow, lower current assets, and accounts receivable.
(32) Explain the underlying rationale for global trade and explain the difference between comparative and absolute advantage.
(41) The Customs Trade Partnership Against Terrorism (C-TPAT) was put in place to assess the vulnerability of U.S. ports and to deny entry to ships from countries that do not meet U.S. security standards.
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