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The World is Flat -
Transcript of The World is Flat -
A system that moves products and services from supplier to customer
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Extraction of raw materials
Delivery to consumer
Supply Chain Model:
Natural resources and raw materials are transformed into products and delivered to consumers
Many countries and organizations are involved in the supply chain
Supply chains vary in size and complexity
Events may disrupt one area of the supply chain
Supply chains allow for products to be shipped globally
Communication between links in the supply chain are important
From 1800 to 2000
Insourcing is the cessation by a company of contracting a business function and the commencement of performing it internally. Insourcing is the opposite of outsourcing.
Insourcing is a business decision that is often made to maintain control of critical production or competencies.