Globalization- The Key Challenge of Modern Supply Chains

Goran Milovanovic, Slavoljub Milovanovic and Goran Radisavljevic

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2017, vol. 63, issue 01

Abstract: The aim of the paper is to present challenges generated by globalization in modern supply chains. First, authors point to the fact that, today, companies cannot successfully fulfill the requirements of customers and increase global competitiveness without establishing close relationships with key suppliers and without better coordination of internal and external flows of materials. Then, the focus shifts to the importance of harmonizing relations with suppliers and distributors to increase the company’s supply chain resilience to global environmental impacts. The final part presents responsibility of production managers, procurement managers, and other professionals to implement strategies that would enable the development of flexible and cost-efficient supply chains, more resistant to environmental changes.

Keywords: Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:290197

DOI: 10.22004/ag.econ.290197

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