Question: 1. What is meant by globalization? Why is the concept of importance to SC&O managers? 2. Identify some of the strategic factors associated with the

1. What is meant by globalization? Why is the concept of importance to SC&O managers? 2. Identify some of the strategic factors associated with the decision to bring manufacturing back onshore. 3. What is meant by the statement that companies no longer compete against one another; today supply chain compete against supply chain? Why is it important to understand this statement? 4. In what fundamental way do information flows differ from monetary and product flows in a supply chain? 5. What makes service supply chains more complex to manage than product supply chains? 6. Why should strategic planners not treat all customers the same? 7. What is the five forces models and why is it important to strategic planning? 8. How do relationships create sustained competitive advantages for firms? 9. How are complementary relationships different from synergistic relationships? 10. How can firms achieve SC&O sustainability

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1 Globalization refers to the process of increased interconnectedness and interdependence among countries as a result of greater trade investment and cultural exchange This concept is important to SCO ... View full answer

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