...with management. d. d. encouraging the sharing of knowledge across business units. | 3. | (Points: 0.5) | | Which competitive force did 7-Eleven determine as being its primary disadvantage, based on your reading of the chapter case? a. a. Traditional competitors b. b. Substitute products and services c. c. Customers d. d. Suppliers This is wrong | 4. | (Points: 0.5) | | The ________ model is used to describe the interaction of external forces that affect an organization's strategy and ability to compete. a. a. network economics b. b. competitive forces c. c. competitive advantage d. d. demand control | 5. | (Points: 0.5) | | Wal-Mart's continuous replenishment system allows it to: a. a. provide mass customization. b. b. provide an efficient customer response system. c. c. strengthen customer intimacy. d. d. achieve economy of scale. | 6. | (Points: 0.5) | | The primary activities of a firm include: a. a. inbound logistics, operations, outbound logistics, sales and marketing, and service. Page 132 b. b. inbound logistics, operations, outbound logistics, technology, and service. c. c. procurement, inbound logistics, operations, technology, and outbound logistics. d. d. procurement, operations, technology, sales and marketing, and services. | 7. | (Points: 0.5) | | The...
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...Highlights cost advantages and distinctive capabilities--the value processes But note that there is no one template. STRATEGIC COST MANAGEMENT - BA122B - Fall 2006 4-1 Value Chain and the QCT Triangle VC allows alignment of processes with customers. This generates a quality advantage. VC focuses cost management efforts. VC provides for efficient processes which improves the timeliness of operations. STRATEGIC COST MANAGEMENT - BA122B - Fall 2006 4-2 Value Chain Benefits Identifies value processes Identifies areas for cost improvement STRATEGIC COST MANAGEMENT - BA122B - Fall 2006 4-3 from Michael E. Porter’s Competitive Advantage SUPPORT ACTIVITIES Firm Infrastructure (General Management) Human Resource Management Technology Development Procurement Inbound Logistics Ops. Outbound Logistics Sales & Marketing Service and Support Value Chain Model PRIMARY ACTIVITIES STRATEGIC COST MANAGEMENT - BA122B - Fall 2006 4-4 Value Chain Elements Customer value added Margin orientation Primary activities Support Activities Inbound logistics Operations Outbound logistics Sales and marketing Service and support Human resources (general and admin.) Tech. development Procurement STRATEGIC COST MANAGEMENT - BA122B - Fall 2006 4-5 Goal of Value Chain Driven by customer perceptions Increase margins Focus on value processess Distinctive capabilities Cost advantages...
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...2 A Framework for Reducing the Impact of Disruptions to the Supply Chain: Observations from Multiple Executives Robert B. Handfield, Jennifer Blackhurst, and Debra Elkins Contents Introduction..................................................................................................30 Methodology................................................................................................. 31 Supply.Chain.Risk.Management.Process................................................. 32 Mapping.the.Supply.Chain.Measuring.the.Risk.of.Critical. Nodes.in.the.Network........................................................................ 33 Global.Sourcing. ................................................................................. 36 . Constrained.Dependencies:.............................................................. 37 Identify.Risk.Reduction.Mechanisms.for.High.Risk.Nodes............. 38 Strategically.Positioned.Excess.Resources:.......................................... 39 Supply.Chain.Planning.and.Collaboration:........................................ 39 . Disruption.Discovery.Visibility.Systems:............................................ 39 Supply.Chain.Redesign:......................................................................... 39 Management.Responses.to.High-Risk.Nodes..................................... 40 Excess.Resources................................................................................. 41 Supply.Chain.Planning.and.Collaboration...
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...How IT projects differ from other projects? Discuss. 3. a) Why a project needs to be managed? b) Define the role, responsibilities & characteristics of a project manager. 4. Describe different types of project selection criterion. Discuss various qualitative and quantitative methods for selection of projects. 5. Section‐B Case Study A project manager obtained the following data relating to a project. Activity Sequence 1 – 2 1 – 3 1 – 4 2 – 5 3 – 6 3 – 7 4 – 6 5 ‐ 8 6 – 9 7 – 8 8 – 9 Estimated time, weeks Optimistic Most likely Pessimistic 7 8 9 4 5 12 2 10 12 3 7 11 8 18 46 6 9 18 3 3 9 3 3 9 8 18 40 2 6 10 3 6 15 Draw a PERT diagram & mark the critical path. OM03 PROJECT MANAGEMENT Assignment – II Assignment Code: 2014OM03A2...
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...Executive Summary Brent Cartier Manager for Special Projects in the Materials Department Hewlett-Packard (HP) Company December 15, 20XX I. Process Elements/Table of Content (Part 2) Part 1 Executive Summary Part 2 Table of Contents I. Issue with Impact Analysis Part 3 Immediate Issues Part 4 Systemic Issues II. Environmental and Root Cause Analysis Part 5 Qualitative Analysis Part 6 Quantitative Analysis III. Alternatives Part 7 Alternatives IV. List Recommendations Part 8 Recommendations V. Implementation Part 9 Recommendations Implementation Plan VI. Monitor and Control Part 10 Monitor and Control Part 11 Conclusion & Management Plan Part 3: Immediate Issue Hp’s distribution centers have been filled with pallets of the DeskJet printer. However the Europe is still claiming the inventory levels there needed to be raised. The Vancouver top management insists that HP is just going to meet customer needs with fewer inventories. Our immediate issue: 1. Too much inventory are in the DeskJet supply chain 2. European and Asian DCs cannot meet delivery requirement 3. Vancouver Division couldn't build the right products in the right quantities. Part 4: Systemic Issues 1.DCs operate system: Timing: Long Term Nature: Strategic In order to match Vancouver’s pull production system, DCs operate system need to be updated to a pull system as well. Now DCs performance measures are LIFR (Line Item Fill Rate) and OFR (Order Fill Rate). And DCs...
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...Cost and Differentiation Strategies A.Cost Reduction as competitive advantage Cost Advantage (=> cost efficiency => cost cutting : restructuring, outsourcing, lean production…)is normally considered as the primary basis for competitive advantage in an industry. The Key to cost-cutting is the study of the 8 factors that determine a firm’s cost position : 1. Economies of scale Economies of scale exist wherever an increase in the amount of inputs employed in a production process results in a greater increase in total output. As the scale of production increases, the unit cost fall. 3 principal sources : 1. Technical input-output relationships : increases in output do not require proportionate increases in inputs. Ex 5l bottle of water not cost 5times 1l 2. Indivisibilities : Inputs unavailable in small sizes offer economies of scale as long as the company is able to spread the costs to these items over larger volumes of output. 3. Specialization : Mass production involves breaking down the production process into a series of separate tasks to be performed by specialized workers using specialized equipment. Other Scale than scale production : packaged consumer (12packs of cigarettes…), scale in marketing (distribution industry). Limits to scale economies : 3 reasons for not choosing scale economies 1. Differentiation : higher prices for niche market outweighs higher cost of the small volume production 2. Flexibility : Adapt rapidly to new...
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...Accessories Page 6: Product Group-Clothing Page 7: Product Group- Entertainment Page 8: Product Group- Food Hall Page 9: Product Group- Furnishing Page 10: Product Group- Furniture Page 11: Product Group- Households Page 12: Product Group- Restaurant Page 13: Product Group- Stationary Page 14: Product Group- Toiletries Page 15: Conclusion Executive Summary This is a project report by Manas Dubashi on a fictional retail chain by the name of “The Business”. The analysis is based on data and figures made available online from the website http://teaching.shu.ac.uk/om/thebusiness/website/new_intranet/index.htm. This project is for BA hons batch 2, Year 2 semester 1 for the module Retail Operations. It is submitted to Ms. Surbhi Jain, our module teacher. THE BUSINESS Location of the Store: Manchester, England Introduction This essay is an analytical report on the retail chain named “The Business”. It is focused on one of the outlets of this retail chain located in Manchester. The base of the analysis is on the store design. It will tell us:- The current store layout Success of the layout The changes required in the layout with justification Brief on the Store This store is on two levels covering a total floor space of 157497 Sq. Feet. Level one has a space of 78748 Sq. Feet and Level two has a space of 78749 Sq. Feet. This store is leading in sales and revenue out of all the stores in the chain located across different cities in the UK. The...
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...MC DONALDS CASE STUDY ANALYSIS OF THE COMPANY McDonald's Corporation is the world's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald; in 1948 they reorganized their business as a hamburger stand using production line principles. McDonald's operates over 34,000 restaurants worldwide, employing more than 1.7 million people. Businessman Ray Kroc joined the company as a franchise agent in 1955. He subsequently purchased the chain from the McDonald brothers and oversaw its worldwide growth. McDonald's predominantly sells hamburgers, various types of chicken sandwiches and products, French fries, soft drinks, breakfast items, and desserts. In most markets, McDonald's offers salads and vegetarian items, wraps and other localized fare. McDonald's operates over 34,000 restaurants worldwide, employing more than 1.7 million people. In 2006, McDonald's introduced its "Forever Young" brand by redesigning all of its restaurants, the first major redesign since the 1970s.McDonald's has invested $1 billion to redesign nearly all of the 14,000 restaurants by 2015. SWOT analysis of McDonald's Strengths 1. Largest fast food market share in the world. McDonald’s is the largest fast food restaurant chain in terms of total world sales (8%). It is the second largest outlet operator with more than 34,000...
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...of Contents Executive Summary 3 Introduction 4 Issue Identification 5 - 7 Environment and Root Cause Analysis 8 - 9 Alternatives and Options 10-11 Recommendations 12 Implementation 13-14 Monitor and Control 15 Conclusion 16 Ford Motor Company Executive Summary As director of Supply Chain Systems, Teri Takai recommends implementing virtual integration strategies from companies like Dell to portions of Ford’s supply chain strategy. Although there are several key differences between the companies, the restructuring plans of Ford 2000 have set a viable foundation to implement Dell’s virtual integration strategy in inventory management, customer service and support and suppliers’ management. The redesign of the process must include design not only of the supply chain but also of fulfillment, forecasting, purchasing, and a variety of other functions that historically been considered independently within the Ford hierarchy. Teri believes that implementing virtual integration by building on Ford’s key initiatives and projects including Ford Production Systems (FPS), Order to Delivery (OTD) and Ford Retail Network (FRN) that are currently underway will make their supply chain run more smoothly with less bottlenecking, reduced inventory, and better overall performance. Managers could overcome...
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...500 anytime clubs focus on people and culture. The company carefully selects its employees and treats them well, committed to the idea that a workplace should develop and challenge, not be stagnant or boring. Clients, meanwhile, appreciate the convenience of 24-hour accessibility to the small gyms--typically 2,500 to 5,000 square feet--whose staff and personal trainers take an interest and encourage them to push themselves. 2 Hampton Hotels Consider Hampton the U.S. ambassador of the hotel business. The company, which counts more than 1,900 units worldwide, has become the hallmark of American friendliness, cleanliness and convenience in the value-price hotel sector, offering free Wi-Fi, hot breakfast and an audacious money-back guarantee. During the recession, when business travelers traded down and vacationers were looking for strong value, Hampton seized the opportunity to draw them in. And many of those customers never left. But most exciting is...
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...target, and works to a negotiated price agreed on by the buyer and the supplier. 2. Activity based costing attempts to: a. correct the distortions built into product costing by the way that direct costs are allocated. b. correct the distortions built into product costing by the way that the learning curve is applied to direct labor costs. c. turn indirect costs into direct costs by tracking the cost drivers behind indirect costs. d. turn direct costs into indirect costs by tracking the cost drivers behind direct costs. e. introduce a new way to allocate direct costs that more accurately captures labor and material usage. 3. An externally focused process of analyzing costs in terms of the overall value chain is called: a. strategic cost management. b. supply chain management. c. total cost management. d. profit leverage effect. e. activity based costing. 4. Target pricing may result in companywide cost reductions in: i. design to cost. ii. manufacture to cost. iii. purchase to cost. iv. a and b. v. a, b, and c. 5. Sources of...
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...Introduction Sport Obermeyer, Ltd is an American sportswear manufacturer based in Aspen, Colorado. Founded by a creative German emigrant, it is a successful provider of various skiing apparels for all ages. Being successful for over 40 years, Obermeyer had thorough experience in providing high quality clothing in the middle-higher price range. In order to keep its competitive strengths, outsourcing to the Far East started around the early nineties to lower production costs. The product portfolio was differentiated into several self-made customer categories, keeping excellent price/value ratio and functionality well in focus. As competition kept rising rapidly, Obermeyer put even more emphasis on its costing strategy, which on the other hand brought tradeoffs. Production in Hong Kong and recently also in China required significant minimum orders, which at the end of the season could have resulted in excess, unsold products. On the other hand, underestimating demand was similarly painful: not being able to fulfill customer requests resulted in lost profits. All of Obermeyer’s production were coordinated by Obersport Ltd, a joint venture between Obermeyer and his Chinese business partner. This company organized subcontractors from mainland China and Hong Kong to produce Obermeyer clothing. Recently, a new plant was built in China to utilize its significantly lower production costs compared to Hong Kong. The tradeoff, however was that minimum order quantities were higher in China...
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... S.W.O.T analysis III. Ads/disadvantages of Mc. Donald franchise IV. Investment decision V. Reference list I. Background: 1. History: The McDonald's Corporation is the world's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries. Headquartered is located in the United States. The company began in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald. However, in 1948, they reorganized their restaurant stand using production line principles. Then Ray Kroc who is businessperson joined the company as a franchise agent in 1955. He subsequently purchased the chain from the McDonald brothers and oversaw its worldwide growth. 2. Mission and Vision: Mission: McDonald's brand mission is to be our customers' favorite place and way to eat and drink. Our worldwide operations are aligned around a global strategy called the Plan to Win, which center on an exceptional customer experience – People, Products, Place, Price and Promotion. We are committed to continuously improving our operations and enhancing our customers' experience. Vision: McDonald's vision is to be the world's best quick service restaurant experience. Being the best means providing outstanding quality, service, cleanliness, and value, so that we make every customer in every restaurant smile 3. Business Objective: To achieve 100 percent total customer satisfaction …everyday...in every restaurant...for every customer II. S...
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...target, and works to a negotiated price agreed on by the buyer and the supplier. 2. Activity based costing attempts to: a. correct the distortions built into product costing by the way that direct costs are allocated. b. correct the distortions built into product costing by the way that the learning curve is applied to direct labor costs. c. turn indirect costs into direct costs by tracking the cost drivers behind indirect costs. d. turn direct costs into indirect costs by tracking the cost drivers behind direct costs. e. introduce a new way to allocate direct costs that more accurately captures labor and material usage. 3. An externally focused process of analyzing costs in terms of the overall value chain is called: a. strategic cost management. b. supply chain management. c. total cost management. d. profit leverage effect. e. activity based costing. 4. Target pricing may result in companywide cost reductions in: i. design to cost. ii. manufacture to cost. iii. purchase to cost. iv. a and b. v. a, b, and c. 5. Sources of...
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...Strategic management of Information systems 1. Introduction Reasons why business managers should participate in information systems decisions 1.A business view (IS must be managed as a critical resource) It both support and consumes a significant amount of an organizations resources this needs to be managed wisely, as a critical resources. 2.People and technology work together (IS enable changes in the way people work together) Correctly incorporating IS into the design of a business enables people to focus their time and resources on issues that bear directly on customers satisfaction and other revenue and profit generating activities. 3. Integrating business with technology (IS are part of almost every aspect of business) Is helps simplify organizational activities and processes such as moving goods, stocking shelves, or communicating with suppliers. 4.Rapid change in technology (IS enable business opportunities and new strategies) The proliferation of new technologies creates a business environment filled with opportunities. The manager’s role is to frame these opportunities so that others can understand them, to evaluate them against existing business needs, and finally to pursue any that fit an articulated business strategy, managers must lead the change driven by IS. 5. Competitive challenges (IS enables business opportunities and new strategies) General managers are in the best position to see the merging threats and utilize IS effectively...
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