Introduction supply chain

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Business Finance

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  • There has been a sea change regarding the challenges and therefore the required elements of a company's material control system. This has caused the firm to evolve from having a purchasing agent, typically reporting to the chief financial officer (CFO), to a more professional purchasing manager trained in high level negotiating skills, to a materials director, conversant in how all the elements of a supply chain fit together, to a global sourcing manager, and now a global supply chain director.
    • Has globalization been a factor in this evolution, or are other factors at play? Why or why not?
    • What added elements are now required of a material control system as a result?
  • What would be the impact on large retailers in a country if a dock strike occurred for inbound shipping containers; what could they do to mitigate this risk? How does this differ from the impact of a dock strike if globalization had not been so popular?

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Running head: MATERIAL CONTROL

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Material Control
Student’s Name
Institution

MATERIAL CONTROL

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Material Control

Globalization has led to the change in material control by organizations. Businesses are
able to access cheaper materials and labor. The cost of shipping finished products is less than the
price differential in manufacturing costs and wages (Wyse, 2013). Clothing and goods were the
first outsourced goods but electronics and office jobs have been included. The reliance on
resources that are globalized makes businesses which involve in management dependent on
factors outside the control of the entrepreneur. Brands regularly vie for customers on the
worldwide premise and huge organizations can rapidly vanish (Wright, 2015). Palm which was
the huge player in offering cell phones was overwhelmed by a newcomer Hewlett Packard.
Th...


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