Issues and Trends in the Global Value Chain
Iscom374 - Global trends are changing on a seemingly daily basis. Global economies are weakening and some companies are discouraged by the condition of terror threats that are occurring.
Iscom 374 -These threats are changing the spending behavior of the average customer. Not only is the customer not purchasing because of the economy, but businesses face the threat of shipments not being secure or not arriving in a timely manner. To lower cost, and increase benefits, the lean Six Sigma approach will benefit companies by improving strategies and tactics.
Iscom383 - Customs Trade Partnership against Terrorism will help to reduce terror threats. The goals set forth by the Customs Trade Partnership against Terrorism will have a significant, positive effect on ports across the globe. The training process will ensure the knowledge needed to protect the supply chain for all countries.
Lean Six Sigma
Iscom 383 -Competition for global companies is great in today’s worldwide market. With the popularity and ease of access to the internet, anyone can create an online company for the world to see. Lean Six Sigma can create an environment that can enhance the strategy of competition. According to Carreira and Trudell, “Lean Six Sigma is a combination of the best features of Six Sigma and Lean manufacturing. Six Sigma is an integrated, disciplined approach for improving processes by understanding and controlling variation, which results in an improvement in the predictability of business processes. The basic values of Lean manufacturing include high quality, low cost, short cycle times, flexibility, the continuous pursuit to eliminate waste, and customer-defined value.