Image for 1. Global Supply Chain Management

1. Global Supply Chain Management

Global Supply Chain Management refers to the process of overseeing and optimizing the flow of goods, information, and finances across international borders, from raw materials to finished products. It involves coordinating various activities, such as sourcing, production, shipping, and distribution, to ensure that products reach consumers efficiently and cost-effectively. Companies must consider factors like logistics, tariffs, and market demand while maintaining quality and timely delivery. Effective global supply chain management helps businesses reduce costs, improve customer satisfaction, and respond quickly to changes in the market.