Questions and Answers on Global Supply Chain Management

1. Question: When did Global Supply Chain Management become prevalent?
    Answer : It has become a "hot topic" in the last 15 years. Every company today either sources globally, sells globally, or competes with some company that does. Thus, global supply chain management represents a central area of focus for many businesses and business schools today.

2. Question: How complex is GCSM?
    Answer: This field is diffuse and complex. Many methods and perspectives on GSCM have emerged from logistics, operations, marketing, management, economics, sociology, information systems, and international relations.

3. Question: What exactly is GCSM?
    Answer: the systemic, strategic coordination of the traditional business functions within a particular company and across businesses within the supply chain, for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole.


4. Question:  How does Management play a role in GCSM?
     Answer: Value Management, Product and Service Management, Demand Management, Relationship Management, Resource Management are play huge roles in GCSM which help get products and goods from one place to the other.

5. Question: How does Managing Value play a role in GCSM?
     Answer: Managing Value means to develop formal processes that uncover what customers around the globe value and create products and services that help to create value for customers.

6. Question: What is the process of General Value Management Strategy?
     Answer: Identifying the value, choose the value, provide the value, communicate the value,assess the delivered value.

7. Question: What are the top schools for Supply Chain Management in the country?
    Answer: Michigan State University, Massachusetts Institute of Technology, Ohio State University, Arizona State University

8. Question: What are some of the companies that Supply Chain Majors work for after graduation?
     Answer: There are a lot. Some companies include: General Electric, Deloitte, Accenture, Microsoft, Nestle, Coca-cola, JcPenny, BP, Amazon, etc

9. Question: What is Demand Management?
     Answer: the creation across the supply chain and its markets of a coordinated flow of demand.

10. Question: What is the one central element of GCSM?
       Answer: Logistics

Works Cited

Mentzer, John T., Matthew B. Myers, and Theodore P. Stank. Handbook of Global Supply Chain       

Management. Thousand Oaks: Sage Publications, 2007. Print.