Today, globalization is on the top of CEO’s agenda. Both, the unparalleled potential to grow into new markets as well as boosting the competitiveness of production are great opportunities making the globalization of production an imperative for successful companies. However, the risk and the complexity of that task require a dedicated approach to design, implement and manage the company’s network. Therefore, the article describes a basic project concept, major milestones and a promising scope of action for global production management.