global value chain and global supply chain management
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I need help with a 700-1,050-word paper analysis differentiating between global value chain and global supply chain management.
Include definitions of supply chain and value chain.
Explain which is used in the money transfer business , and why it is used. Be sure to cite your references in your analysis.
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I need help with a 700-1,050-word paper analysis differentiating between global value chain and global supply chain management.
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The term "global value chain" refers to the worldwide dispersion of production. Falling transportation costs, lower barriers to trade and investment, and improvements in information and communications technology have made it easier for firms to locate different parts of their businesses across the world. Different functions can be shifted to where it is most efficient for each: design in North America or Europe, manufacturing in China, but after-sales service in India, for example.
Reference: http://w01.international.gc.ca/canadexport/view.aspx?isRedirect=True&id=383746&language=E
The "Global supply chain" can be referred as a consequent of global value chain. The dispersion of activities in multiple nations around the world to obtain comparative advantage in terms of cost, quality, etc. is forcing companies to pay increased attention to global supply chain management. With increased globalization and offshore sourcing, global supply chain management is becoming an important issue for many businesses. Like traditional, supply chain management, the underlying factors behind the trend are reducing the costs of procurement and decreasing the risks related to purchasing activities. The big difference is that global supply ...
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