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15. Write a summary of the text. Speaking

16. Use the following words to speak about:

а) SCM as supply chain management

SCM; a network of interconnected businesses; to involve in; the ultimate provision; to require; end customers; product and service packages, a set of organizations; to be linked by; from a source to a customer, flows, products; finances, information.

b) Changes in the businesses environment

Оutcome, proliferation, joint ventures, strategic alliances, globalization, multinational companies, technological changes, information communication costs.

c) Kinds of Supply Network structures

“Keiretsu”, “Extended Enterprise”, “Virtual Corporation”, “Global Production Network”.

17. Supply the omitted answers to the dialogue. Reproduce the dialogue in pairs.

  • What is new in SCM in comparison with a traditional enterprise?

  • This new concept of business relationships extends … and seeks …..

  • I see, but why now, in the 21st century?

  • Well, changes in the business environment have contributed to the development of supply chain networks.

  • Can you name at least two major reasons for that?

  • Definitely. First, an outcome of globalization …. Second, technological changes ….

  • Well, that’s right. What do researchers recognized about it?

  • Well, it seems to be our future for modern business.

18. Comment on the sayings given in the text (explain their meaning and your ideas):

  • about supply chain management (Mentzer, 2001);

  • new paradigms (P. Drucker, 1998);

  • supply network structures (Akkermans, 2001).

19. Role play

A group of businessmen suggests possible supply chain of products and services to their stakeholders commenting on the peculiarities of different goods. Each one speaks in favour of his/her suggestion trying to convince both the stakeholders and the partners that his chain is the best. In the end the participants of the talk choose the most appropriate supply chain.

Unit 23. Cash flow

Vocabulary

1. Read the words and the expressions below.

1

Cash flow – денежный поток

8

Investment cash flow – инвестиционные денежные потоки

2

Equal – равный, одинаковый

9

Long-life assets – долгосрочные активы

3

Cash balance – кассовая наличность, запас наличных денег

10

Acquisition – приобретение (напр. акций)

4

Earnings – заработок

11

Capital expenditure – капиталовложения

5

Working capital – оборотный капитал, оборотные фонды, текущие активы

12

Debt – долг, задолженность, обязательство

6

Medium term – среднесрочная перспектива

13

Repurchase – покупка (ранее проданного товара)

7

Solvent – платежеспособность

14

Equity – акция, активы за вычетом задолженности