Global Supply Chain Management – Our Comprehensive Guide

Global supply chains have become integral to the modern business landscape, enabling access to raw materials and preliminary products worldwide at affordable prices and within deadlines. Managing these intricate processes is known as Global Supply Chain Management (SCM), aimed at controlling and optimizing these complex networks. Companies of all sizes, from multinational corporations to small […]

The Objectives of Supply Chain Management

In today’s increasingly globalized business environment, efficient global supply chains play a pivotal role. The COVID-19 pandemic brought to light the significant impact of supply chain disruptions, leading to shortages and substantially higher procurement costs, ultimately affecting global production. One of the primary goals of Supply Chain Management (SCM) is to proactively avoid such situations. […]

Market Development: Definition, Approach & Criteria

In order for a company to operate successfully in the long term, it must be able to assess the market and its future movements as accurately as possible. It is essentially a matter of gaining important data on market development in order to make correct decisions. In this context, the term “market forecast,” which is […]

What is outsourcing and what are the advantages?

In the past decades, the topic of globalisation has shaped the economy like no other. In the meantime, it has become normal for small, medium-sized and large companies to operate internationally and to benefit from the many advantages. In the course of this, the term outsourcing is repeatedly brought up: A company outsources an area […]

Offshoring – Definition, advantages & disadvantages explained

The rapid globalisation throughout the last few decades has also brought offshoring increasingly into focus. Increasing cost pressure in order to remain competitive, as well as the opportunities offered by digitalisation, drive this trend even further in some cases. This strategy can provide internationally operating companies with many advantages from which they can profit in […]