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4. Explain how can global operations improve the supply chain for a company

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Answer:

Global operations can improve the supply chain for a company in several ways:

Access to a larger supplier network: By operating globally, a company can expand its supplier network to include more options for sourcing materials and goods. This can lead to better pricing, improved quality, and increased flexibility in meeting customer demand.

Cost savings: By operating in multiple regions, a company can take advantage of regional cost differences in labor, materials, and transportation. This can help to reduce overall production costs and improve margins.

Improved logistics and transportation: Global operations can also improve supply chain logistics by optimizing transportation routes, reducing transit times, and improving delivery reliability.

Enhanced flexibility and agility: By operating in multiple regions, a company can better adapt to changes in demand, supply disruptions, and other unforeseen events. This can help to mitigate risks and improve overall supply chain resilience.

Better customer service: By improving supply chain efficiency, global operations can lead to faster delivery times, improved order accuracy, and better overall customer service. This can help to improve customer satisfaction and loyalty.

Overall, global operations can help a company to improve its supply chain by expanding its supplier network, reducing costs, improving logistics and transportation, increasing flexibility and agility, and enhancing customer service.
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User Paul Blundell
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Answer:

Expand sourcing opportunities – Globalization makes it possible for businesses to increase production by securing a diverse selection of workers, raw material, and products from regions of the world that were previously out of reach.

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User Duncan Babbage
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