What are some of the advantages of production outside the us

Assignment Help Macroeconomics

Reference no: EM133805595

Assignment: Economics

I. Your company has seen tremendous growth in sales within the U.S. and you now want to expand to the European market. Your logistics provider discussed the benefits of subcontracting your manufacturing to Asia. Question: What are some of the advantages and disadvantages of production outside the U.S.? Hint: The evolution Outsourcing, Nearsourcing and Friendshoring?

II. In managing the shipping (import/export) component of your business how exactly does the procurement process play a role -please provide an example and/or a list of what it may be included. How does this differ from e-sourcing and e-procurement?

III. In Operations a hurricane is categorized as a serious threat to your shipping business -your company has shipped goods via vessel from Miami to Singapore during a Category 5 hurricane. You just received a call from the shipping agent in Singapore that your goods were lost in sea -is this something that could have been mitigated if so, how so? Furthermore, could this have resolved through a resilient Just-in-time (JIT) network? Hint: Long range planning vs. Scenario Planning

IV. We discussed the operations and layout of a Chick-fill-A and evaluated the role of forecasting, demand planning and possibly AI in optimizing supply chain operations. Provide some example(s) of how Chick-fill-A or any related fast-food establishment would implement these broad ideals. In other words, "stop talking about the technology and start demonstrating its utility."

V. We discussed emerging markets and changing trends around the world (commodities, labor, transportation) -first Mexico, then China and now Southeast Asia and maybe USA? Understanding today's marketplace would it be an advantage or disadvantage so still use other markets-please explain the methodology. HINT: Processes

VI. How do quality management principles contribute to enhancing supply chain performance and customer satisfaction? Do customers in todays business climate really have the edge when it comes to customer satisfaction - how does this change how industry manufactures and develops new products?

VII. Why are companies utilizing and focusing so much on sustainability-provide me an example of how a company or government is using sustainability/resiliency practices? How exactly is it utilized? For example, through savings on the bottom-line or creating a true green business model vs. greenwashing techniques? Does change supply chain practices?

VIII. What are some ways (pros and cons) that global sourcing could impact a U.S.-based wholesale distributor? Include a specific example of a U.S. wholesale distributor and describe how the organization might improve its process for procuring finished goods to sell to its customers.

IX. We discussed and analyzed the impact of disruptions, such as COVID/pandemics, on supply chain resilience and recovery strategies. Provide an example of a company that would prepare for this so called "disruption"? Is this a waste of money or can we really prepare for the "Known knowns, known unknowns, unknown unknowns?"

X. How is the product cycle of a "service" or manufactured "good" interconnected with the business strategy? Provide an example (company) of how it is used in the following the following cycles:Economic Change -e.g recession/depression/inflation? Technological change? Transportation network.

XI. In today's current marketplace within global shipping and trade-how does forecasting play a factor within this industry? Explain some of the advantages and disadvantages.

Reference no: EM133805595

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