Li&Fung

1. A summate compass involves every clapperclaw of wretched a intersection or service to a customer, from the mad materials to the final point of sale. A good supply strand of mountains should be efficient and flexible. Companies should move around to remove redundancy in the chain and minimize costs. Every aspect of the value chain should be taken into consideration, and each step should be optimized. Sourcing is a very important aspect of supply chain, and companies should work to establish a trusted network of suppliers. Manufacturing is another key step in many supply chains. One technique that Li & Fung uses is dispersed manufacturing, which involved performing high end activities such as design in one location, but break throughsourcing all the low end activities such as simple manufacturing processes to affordable countries. A supply chain also includes all of the logistics and distribution activities that take the product from the factory to the consumer. Transparency throughout the supply chain must be maintained to minimize the bullwhip effect. tag on chain management is especially important for global companies. If a companys supply chain is spread out all over the world, management of each step compels to a greater extent complicated.

Maintaining good relationships with suppliers becomes crucial be perk up if a supplier is far onward physically, they cannot be micromanaged. The coordination of global logistics is very important because transferring a product globally has the potential to be very costly, both in time and financially. Global supply chains have unequaled challenges. A fluctuation in exchange rates could cause a supplier in another country to become relatively more expensive. Trade barriers could make distribution more challenging. Fluctuating labor costs could cause manufacturing in a certain country to become costly. Global companies need to work to prevent these problems and to avoid supply chain disruptions. Supply chain transparency becomes more difficult and important to maintain in a... If you want to get a full essay, order it on our website: Orderessay

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