To enhance compliance, minimize risks, and connect supply chain activities when exporting products to emerging markets, global trade management (GTM) is the most effective approach. Here's how GTM helps:
* Compliance: GTM systems ensure that all trade activities comply with international regulations and standards, reducing the risk of legal penalties and delays.
* Risk Minimization: By automating and standardizing trade processes, GTM minimizes risks associated with errors, delays, and non-compliance.
* Integration: GTM integrates various supply chain activities, including logistics, customs management, and trade finance, providing a cohesive approach to managing global trade.
References
* Manuj, I., & Mentzer, J. T. (2008). Global supply chain risk management. Journal of Business Logistics.
* Bolero International Ltd. (2017). Global Trade Management: An Introduction. Bolero.

* Financial Metrics Overview: Return on Investment (ROI), Return on Assets (ROA), and Economic Value Added (EVA) are key financial metrics used by firms to assess their financial performance.
* ROI: Measures the profitability of investments relative to their cost, providing insights into how effectively the firm is using its capital to generate profits.
* ROA: Indicates how efficiently a company is using its assets to generate earnings, reflecting overall operational efficiency.
* EVA: Measures a company's financial performance based on residual wealth, calculated by deducting the cost of capital from its operating profit, highlighting value creation for shareholders.
* Financial Sustainability: Utilizing these metrics helps a firm understand its financial health and long- term viability, ensuring that it can sustain operations and generate value over time. By focusing on comprehensive financial metrics, the firm can make informed decisions that support sustainable growth and profitability.
References:
Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
Stewart, G. B. (1991). The Quest for Value: The EVA Management Guide. HarperBusiness.

The Supply Chain Operational Reference (SCOR) model's advantage lies in its hierarchical measurement system for supply chain attributes. Key points include:
* Hierarchical Structure: SCOR provides a structured framework that breaks down supply chain processes into multiple levels, allowing for detailed performance measurement.
* Standardized Metrics: It includes standardized metrics for reliability, responsiveness, agility, costs, and asset management, facilitating benchmarking and performance comparisons.
* Comprehensive Analysis: The hierarchical measurement system enables detailed analysis of supply chain performance at different levels, from high-level strategic metrics to detailed operational measures.
* Best Practices: SCOR incorporates best practices and standardized processes, helping firms identify areas for improvement and implement industry-standard methodologies.
References:
Supply Chain Council (2012). Supply Chain Operations Reference Model (SCOR) Version 11.0.
Huan, S. H., Sheoran, S. K., & Wang, G. (2004). A review and analysis of supply chain operations reference (SCOR) model. Supply Chain Management: An International Journal.

According to the APICS Supply Chain Operations Reference Model SCOR, market research is one of the inputs for supply chain design, which is the process of determining how to structure and configure a supply chain to meet customer needs and business objectives. Market research is used to identify potential markets and analyze them in terms of size, growth, profitability, competition, regulations, customer preferences, and other factors that affect supply chain performance and strategy. Market research helps to determine which markets to enter or exit, how to segment customers, what products or services to offer, how to price them, how to distribute them, and how to promote them.