Global supply chain formation involves how many steps?
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Manufacturing a product component domesticallyManufacturing a component in a foreign market by setting up international production facilitiesBuying a component from a foreign supplierBuying a component from a domestic supplier
If companies are manufacturing products, they must decide how they will be produced.
Goods can be:
Make to stock (produced and stored, awaiting customer orders);Make to order (constructed in response to a customer order);Configure to order (partially manufactured the product and completed it after a firm customer order is received); orEngineer to order (manufactured a product to unique specifications provided by a customer).
If companies are manufacturing products, they must decide how they will be produced.
Goods can be:
Make to stock (produced and stored, awaiting customer orders);Make to order (constructed in response to a customer order);Configure to order (partially manufactured the product and completed it after a firm customer order is received); orEngineer to order (manufactured a product to unique specifications provided by a customer).
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