Supply Chain management is undergoing a fundamental, rapid transformation forced by host of factors. Globalization has often brought goods and services to our country at a lower price with a very high quality than indigenous one. Multinational companies have perfected the art and science of combining globalization and localization to give ‘Glocalization’ i.e. global products and services customized to meet the needs of locales. Current economic fluctuation has made customer highly cost sensitive. Thus yesterday’s competitors are cooperating today to serve the needs of customer.
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