ConclusionThe Internet has played an important role in transforming industry value systems through globalization and supply chain integration. One of the greatest benefits of using the Internet for these systems is the ability to communicate in real time between the supplier, manufacturer, courier, distributor and ultimately the customer. This also improves service levels between all parties and reduces logistics costs. However, the advent of global manufacturing companies has led to a number of new challenges. The major problem for large manufacturing companies is the storage of raw materials and finished products in their facilities. Global businesses must also consider costs between countries and currencies, as exchange rates can change significantly, reducing or increasing costs. While the primary benefit of using the Internet for global value systems and supply chain management is communications, it also offers a number of new ways for owners to business to advertise and sell their products, such as online stores (Amazon) and auctions (Ebay). This offers many companies the opportunity to eliminate steps from manufacturer to consumer, thereby increasing their profits.IntroductionThe traditional way of managing supply chains has changed dramatically in recent years. Face-to-face meetings, telephone calls and paper-dominated processing systems were originally the primary management tools available to logistics managers around the world. But today all that has changed. With the Internet boom in recent years, websites, online shopping and online communication have changed dramatically, in a positive way. I will use Amazon as an example to demonstrate how the Internet has transformed the value systems of the industry, even if... middle of paper ...... customer. This also improves service levels between all parties and reduces logistics costs. However, the advent of global manufacturing companies has led to a number of new challenges. The major problem for large manufacturing companies is the storage of raw materials and finished products in their facilities. Global businesses must also consider costs between countries and currencies, as exchange rates can change significantly, reducing or increasing costs. While the primary benefit of using the Internet for global value systems and supply chain management is communications, it also offers a number of new ways for owners to business to advertise and sell their products, such as online stores (Amazon) and auctions (Ebay). This offers many businesses the opportunity to eliminate steps from manufacturer to consumer, thereby increasing their profits...