What does GSC mean in INTERNATIONAL BUSINESS

Global Supply Chain (GSC) is a term used to refer to the global network of manufacturers, distributors and logistics providers that work together to deliver goods from one location to another.

GSC drives international trade by allowing businesses to access markets they may not have been able to reach on their own. It involves the coordination of people and resources across countries and continents in order to ensure the timely and efficient delivery of goods.

The activities involved in GSC include manufacturing, shipping, warehousing, distribution, and customer service. Additionally, it covers transportation management processes such as route optimization, inventory planning, order tracking, labor management, payment processing and more.

By leveraging existing global networks in order to source materials from places around the world at attractive prices, companies can reduce costs and maximize profits. Additionally, being part of a larger supply chain allows them access to new markets as well as creating efficiencies by eliminating redundant functions or processes within their business systems.

Some potential benefits provided by GSC include better pricing for products due cost savings from economies; improved quality levels; faster response times; increased efficiency; improved customer satisfaction; better visibility into performance metrics; replaced capital investments with operational expenditures; improved safety; lessened environmental impact; increased capacity utilization; lowered inventories levels; real-time predictions & analytics capabilities; ability for decentralized decisions making procedures & emergency responses capabilities.