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Global Value Chain

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1050-1,400-word paper in which you select two contemporary issues (Customs-Trade Partnerships Against Terrorism [C-TPAT], ISO 9000 certifications, Six Sigma, Lean Manufacturing, etc.) I would choose Six Sigma and ISO 9000. What do you suggest? And their related trends (globalization, trading blocks, increased government intervention, privatization, outsourcing, etc). Then, determine the impact of these issues and trends on global value chain management.

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1050-1,400-word paper in which you select two contemporary issues (Customs-Trade Partnerships Against Terrorism [C-TPAT], ISO 9000 certifications, Six Sigma, Lean Manufacturing, etc.) I would choose Six Sigma and ISO 9000. What do you suggest? And their related trends (globalization, trading blocks, increased government intervention, privatization, outsourcing, etc). Then, determine the impact of these issues and trends on global value chain management.

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1050-1,400-word paper in which you select two contemporary issues (Customs-Trade Partnerships Against Terrorism [C-TPAT], ISO 9000 certifications, Six Sigma, Lean Manufacturing, etc.) I would choose Six Sigma and ISO 9000. What do you suggest?

and their related trends (globalization, trading blocks, increased government intervention, privatization, outsourcing, etc). Then, determine the impact of these issues and trends on global value chain management.

Value chain concept is introduced by Michael Porter. The primary value chain activities are:

Inbound Logistics: the receipt of raw material and its issuance to the manufacturing
Operations: the processes of transforming inputs into finished products and services.
Outbound Logistics: the warehousing and distribution of finished goods.
Marketing & Sales: the identification of customer needs and the generation of sales.
Service: the support of customers after the products and services are sold to them.

Value chain helps in identifying the core competencies of the organization. It helps in reducing the cost and improving the quality of the each of the activity in the value chain. It also helps in improving the focus where non value added activities are removed from the activities of the organization.
www.netmba.com/strategy/value-chain

Applicability of Six Sigma
Six Sigma is a methodology that combines both, the gradual & continuous improvement and radical redesign. Six Sigma has gained a lot of importance in the past few years as it has been used to remove the defects.

Meaning of Six Sigma

Six Sigma is a:
* A Quality Philosophy. It's a philosophy that talks about attainable short-term goals while striving for long term objective.
* A Tool. Six sigma is a statistical and problem solving tool.
* A Management Strategy or a Business Process. That allows companies to design, operate, control and monitor everyday processes.
* A Concept or an Idea. Which has to be first understood and then merged into the organization's culture.
* A Process. Business revolves around processes. A process is any activity or group of activities that takes an input, adds value to it, and provides an output to an internal or an external customer. Six Sigma provides it's inputs in the form of measurements of the company's existing set standards, working on them to get the desired output i.e.; less number of defects and higher quality.
* A Measurement. Of total quality as well as the defects that might have been overlooked till now.
Six Sigma tries to reduce the value of this Sigma i.e., the value of this variation by decreasing the number of original defects in the ...

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