Making Global Decisions: An Outline for Effective Decision Making

Thesis Statement: An effective supply chain in global decisions is determined by creating productive relationships among various players and ensuring a clear distinction of duties, with practical management approaches.   

Alternative Thesis: effective decisions at the global level are determined by the product and process selection, monitoring using real-time data from production to end-user. 

Alternative Thesis 2: Global decisions are influenced by several factors that determine their effectiveness, and these are careful selection of the product and process, planning under certainty, monitoring, and controlling through real-time data and integrated scheduling.    

Introduction

• Global decisions determine how successful a business will be carried out. 
• Product and process selection deals with determining what will be exchanged and finding all the players in the supply chain. 
• Planning under uncertainty deals with establishing the possible risks and uncertainty that will be encountered during the supply chain process from distribution to end-user. 
• Real-time monitoring-collecting data to guide on performance. 
• Integrated scheduling- planning how activities will be carried out. 

Product and process selection 

• It deals with choosing a product or service that is feasible at the international market. The product should be recognized, and customers are willing to consume it with reduced marketing, thus increases the chances of making more profits. 
• All the players in a supply chain have to be available from manufacturers, transport, distribution, retailers, and sellers to consumers (Bastas & Liyanage, 2018). 
• It is essential to have each player for specific duties in the supply chain to avoid getting the product to the client late or with quality issues. 
• In product selection, consumption trends, and satisfaction of the end-user has to be considered. It will guide in every step of the supply chain to maintain both desirable quality and quantity to avoid delivering low-quality goods or services. 

Planning under uncertainty 

• Global decisions are faced with lots of risks and uncertainties due to the vastness of the operating region, cultural effects, diverse beliefs in products, changing technology, and changes in human trends in desires and wants. 
• Continuous research on the specific product has to be done as well as changes in human trends to guide on necessary development required, thus reducing the adverse effects of risks and uncertainties (Bastas & Liyanage, 2018). 
• Risk analysis and management approaches should be implemented in the global decisions made to make a prediction on possible risks or uncertainty and plan ahead.    

Real-time monitoring and control 

• Gathering data and interpreting it will guide on the possible best global decisions, such as the product that is most profitable in the worldwide market (Pellerin & Perrier, 2019). 
• Real-time data monitors the performance of the product in the global market, thus guiding possible changes that can be implemented to increase feasibility. 
• Real-time monitoring is essential in the identification of possible risks and uncertainties likely to happen, thus finding ways of preventing a detrimental effect. 

Integrated scheduling 

• Deals with careful planning on how the global decision will be executed. 
• It involves combining all the factors essential for executing the global decision, starting from effective planning, all the supply chain players, marketing, distribution, transport methods, and satisfaction of end-users (He, Guo, & Wang, 2019). 
• The concept of time is necessary for this part since the products have to get to the customers at a desirable time when they will be in need of it.   
• Effective management of the entire process after decision-making is part of scheduling. 

Conclusion 

• Global decisions are affected by different factors determining their successful execution. 
• The supply chain has to consider the duties of each player, ensuring that quality and quantity are maintained all the way. 
• Effective management ensures effective execution of global decisions.   

References 

Bastas, A., & Liyanage, K. (2018). Sustainable supply chain quality management: A systematic review.  Journal of cleaner production ,  181 , 726-744. 

He, Z., Guo, Z., & Wang, J. (2019). Integrated scheduling of production and distribution operations in a global MTO supply chain.  Enterprise Information Systems ,  13 (4), 490-514. 

Pellerin, R., & Perrier, N. (2019). A review of methods, techniques, and tools for project planning and control.  International Journal of Production Research ,  57 (7), 2160-2178.