1) Explain why global production and supply chain management decisions are of central importance to many global companies

Answer:

1.) Companies need to take strategic decisions in the global management of production and supply chain to:

- Improved consistency and lower costs

- Reduce production time to scale.

- Reduce production costs and create value.

- Enhance customer service standards.

- Agility to satisfy consumer demands in the supply chain. 

- Protect companies and customers against global risks that impact on development, logistics and so on.

2.) Companies regard logistics as a vital supply chain blueprint. It is used for managing, coordinating and monitoring necessary resources for the smooth, prompt, economical and secure movement of goods. You will want to develop and expand, regardless of the size of your market. This would probably mean spreading regionally, domestically or globally. No matter which location your company or business is located, logistics will help minimize costs and time spent on shipping goods to another location.

The supply chain is dynamic and sensitive because it relies on evolving customer requirements. If it does not have an efficiently organized transport, a supply chain cannot guarantee high value. For this reason, the consistency of every supply chain is driven by logistics.