Global Supply Chain Management

Supply chains are generally considered as a network of nodes with each node adding value to products that swiftly flow through the logistics and IT pipelines connecting the nodes, finally emerging out as finished products for consumption. From the single owner vertical integrated network, supply chain networks have evolved into a globally dispersed multiple owner networks, each controlling the respective nodes and the links, in coordination and collaboration with other stakeholders. Further, many networks currently are global with majority of the nodes and links in emerging economies. The evolution of vertical foreign investments has increased the global trade and lead to the evolution of world class service organizations such as logistics firms, consulting organizations, etc. (from nptel.ac.in)