It is the worldwide system that a business uses to produce products or services. It is defined as the distribution of goods and services throughout a trans-national company's global network to maximize profit and minimize waste, and is the same as supply-chain management, but it focuses on companies and organizations that are trans-national. Global supply-chain management can be impacted by several factors that impose policies that regulate certain aspects of supply chains. Governmental and non-governmental organizations play a key role in the field as they create and enforce laws or regulations which companies must abide by.
• One of the principal benefits of this practice is a lowered cost of businesses
• Another benefit is that a global supply chain can make it easier to sell to customers around the world
• You also may be able to bring down expenses by purchasing goods and services from a supplier when the dollar is stronger against the national currency of the country that you're doing business with.