Discuss in detail international supply chain management.

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International supply chain management (ISCM) refers to the process of managing and optimizing the flow of goods, services, information, and finances across international borders to meet the needs of customers. It involves a network of organizations, people, activities, information, and resources that work together to deliver products and services globally. The primary goal of ISCM is to enhance the efficiency and effectiveness of the supply chain by ensuring that goods and services are available to customers at the right place, at the right time, and at the right cost.

One key aspect of ISCM is sourcing, which involves identifying suppliers across different countries who can provide the necessary raw materials, components, or finished products. Companies often seek suppliers in low-cost countries to reduce production costs and increase competitiveness. However, sourcing internationally comes with its challenges, such as dealing with varying quality standards, different labor laws, and risks associated with currency fluctuations.

Another important component of ISCM is transportation management, which ensures that products are moved efficiently across borders. This includes managing different transportation modes (air, sea, rail, or road) depending on the product type, urgency, and cost considerations. Logistics professionals must navigate customs regulations, tariffs, and taxes when shipping goods internationally, which can add _____ _________ _____________ ____________ ________ __________.
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master in Business Administration
Course Code : MBA
Subject Name : International Business
Subject Code : MS 97
Year : 2022