level: Global Considerations
Questions and Answers List
level questions: Global Considerations
| Question | Answer |
|---|---|
| Supply Chain | is a system of organisations, people, activities, information and resources involved in moving a product or service from suppliers, to manufacturers, and then on to the end consumer. |
| Supply Chain Management | involves meeting consumer demands for goods and services while making the most efficient use of input resources in the production process. |
| Global Sourcing of Inputs | the practice of seeking the most cost-efficient materials and other resources including from overseas. |
| Overseas Manufacture | refers to when the transformation process stage of producing a good occurs in an overseas location. |
| Global Outsourcing | is when a business contracts an overseas business to perform some of its roles or functions. |