...Business Report Managing Operations Tamera Fluaitt Western Governors University Business Report Supply Chain Strategy The strategy I recommend is the Few Suppliers Strategy. This strategy is based on forming long-term relationships with few suppliers and they more likely understand the end user. In using the few supplier strategy your company can create value by allowing economies of scale which can lower transaction and production cost. Long term suppliers also are more likely to understand what the acquiring firm and the end customer wants. If you can attain a few suppliers with a large commitment they may be willing to participate in the Just-in-Time (JIT) system. They also can help add to the design of the product by using their technological expertise. You may also have contracts with these suppliers that last through the products life cycle. The reason this strategy is recommended is because it can be difficult to deal with many suppliers. Your company needs to be assured that you can get the best product for the lowest price. When you are dealing with many suppliers you are using valuable time trying to get the supplies needed at the lowest price to produce your product. This can cause a lapse in production because of late raw material shipments which converts to loss of income. The few supplier strategy can eliminate the game playing. Your agreement with the supplier can help save money by negotiating the lowest price. As your relationship trust builds and...
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...INTRODUCTION In our report, we will be discussing on one of the major driving force for the long-term profitability and competitiveness of a firm, i.e. Sustainable Supply Chain Management. This has become one of the most recognized strategic goals by the leading global organizations in the world. Sustainability in Supply Chain Management refers to the fact that organization should not only fulfill the wants and expectations of their stakeholders, but also avoid actions that reduce the ability of the interested parties, including the future generations to meet their needs. In order to elaborate, how a leading global organization takes Sustainable Supply Chain Management as a strategic goal, we have prepared our report on GSK’s Sustainability elements. GSK is one of the world’s leading research-based pharmaceutical and healthcare companies, developing and supplying medicines to a huge global market. The company employs more than 97,000 people in over 100 countries and has an extensive worldwide supply chain. GSK’s mission is to help people do more, feel better, live longer. They do this through investing in R&D, adopting flexible approaches to pricing, promoting open innovation, and strengthening healthcare systems. By growing their business and extending access to their medicines, GSK ensures long term commercial success as well as creating value for its shareholders and delivering economic benefits to the wider society. GSK contributes directly and indirectly to the economic...
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...Managing the Supply Chain - A Case Study Like many producers of computer peripheral devices, Digitprint Ltd. subcontracted manufacturing of its low-cost, high volume products to firms in China for subsequent shipment to distribution centers in Asia, Europe and North America. Digitprint’s logistics Manager was exploring options to improve both the cost and timeliness of Digitprint’s supply chain for a standard product, a basic laser printer. Moreover, he felt that any improvements for this product line likely could be applied to other product lines. For this printer, the supply chain was quite straightforward. Digitprint routinely had containerized shipments dispatched every two weeks from the subcontractor’s manufacturing plant, with the order size depending on the existing inventory levels in the North American warehouse. Demand for the product averaged 150 cases per week with a standard deviation of approximately 15 cases per week (each case contained one dozen printers and weighs 24 pounds). Because of poor transportation infrastructure in China, export and import customs-related delays and Digitprint’s desire to minimize shipping costs, the printers typically arrived 10 weeks later at the North American distribution center. The total cost of manufacturing was approximately $90 per printer. Senior management had adopted a general guideline of applying an annual carrying charge of 25% to all inventories to reflect shrinkage, obsolescence and opportunity costs....
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...production requirements. Product Organization Structure Product organization structures lend well to organizations such as department stores and supermarkets. When these organizations operate in multiple regions, a hybrid between geographical and product organization structures is suitable. Matrix Organization Structure Geographical structures are organized, as the name implies, by geographic area or region. Each region is its own complete entity; its goals tied to the overall goals of the business. There is usually a regional manager overseeing the entire operation, who will report to head office, but will otherwise have complete responsibility for the regional unit. The above chart gives an example of a North American geographical structure. The same can be applied internationally, where regions are split up by continents or subcontinents. Automobile manufacturers and multinational fast-food chains often follow this business organization structure. In some cases, products will remain the same across all regions, while in other cases, a product may be slightly modified or a new product introduced to meet local needs. The matrix organizational structure is one of the newer methods for running a company and is based more on teams than on individual departments. This configuration combines the functional organization with more of a product organization. A product organization is based directly on the manufacturing of a specific product by different groups within the company...
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...Sport Obermeyer, Ltd. Business Case Report Sport Obermeyer, Ltd. Business Case Report Table of Contents Executive Summary 1 Issue Identification 2 Environmental and Root Cause Analysis 3 Alternatives & Options 4 Recommendations 5 Implementation 6 Monitor and Control 7 Sport Obermeyer, Ltd. Business Case Report Executive Summary Each year we are challenged with matching supply and demand. With a cycle time of a year and a half we have been challenged to make accurate production forecasts. This has caused us to compromise service levels, run higher inventories, raising costs and declining sales. We need to address the processes to deal with irregular demand and also how to work with our suppliers and manufacturers to address inefficiencies in the supply chain to reduce lead times. In this report, some recommendations of operational improvement such as decrease lead times with Textile and Accessory Suppliers, increase apparel manufacturers production by increased use of subcontractors, decrease minimum order quantities (Obersport) are discussed. I have also reviewed the pros and cons of sourcing products in Hong Kong and China in my analysis. The outcome of my review is a recommendation that we work with our manufacturers to decrease minimum quantities. This will allow us to respond to our customers requests with improved agility. ...
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...resistant tuberculosis drugs supply chain network design and performance measures at health facilities of Jimma town, southwest Ethiopia By: Alula Tadesse, SintayehuTarekegn&TadesseGudeta A term paper to be submitted to Dr.TemesgenGaroma (PhD) for partial fulfillment of advanced logistics and supply chain management course April, 2015 Jimma, Ethiopia Jimma University College of Health Sciences Department of Pharmacy Assessment of multidrug resistant tuberculosis drugs supply chain network design and performance measures at health facilities of Jimma town, southwest Ethiopia By: Alula Tadesse, SintayehuTarekegn&TadesseGudeta Advisor:-Dr.TemesgenGaroma (PhD) April, 2015 Jimma, Ethiopia ABSTRACT BACKGROUND: In all supply chains, correct logistics management optimizes the circulation of products and materials, and insures the link between flow of the physical items and the follow of information. It takes a holistic approach to company’s activities, as well as to the lifecycle of a given product, from its conception to its disposal. This system also has a great impact on the sustained availability of medicines including antiretroviral drugs where their absences resultin service interruption and loss of customer confidence on the institution. For this purpose an effective supply chain network and performance measures needs to be established. OBJECTIVE:-The objective of this study was to assess the supply chain network and performance measures of...
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...project pays particular attention to the improvement of the internal communication of Radio 21, which is a media company based in Bucharest, Romania. Radio 21 is a line and staff organization due to the fact that the top management is supported by the HR & Administration department. Furthermore, the radio station is relatively a small-sized company, as it has no more than 26 employees. Therefore, it has a narrow span of control, which means that a manager directs only a few employees. Additionally, each department has its own manager who is directly supervised by the general manager. In turn, the general manager is responsible in front of the board of directors. Last...
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...29/10/2014 REPORT 29/10/2014 REPORT CHAD’S CREATIVE CONCEPTS BUSINESS REPORT Synergy Business Solutions 6 Success Drive 1778 Lake Erie Cohort Sandusky Ohio Company Overview Synergy Business Solutions (SBS) is a business located in Lake Erie, Sandusky, Ohio, specializing in consulting services for small, medium and large businesses. SBS’ primary services include market feasibility studies, business plans, operational reviews, re-engineering, strategic planning, seminars and workshops. Our mission is to provide our clients with business services that will help them become more successful and to become a leader in their area of business. The company was founded by six (6) MBA students in 2013 who’s varying concentration (Marketing, Finance, General Management) propelled SBS into maintaining a number of external investments globally. SBS is known for its ability to offer several corporate giants and small business units the opportunity to further expand their business portfolio internationally. The company boasts a clientele of over three hundred and the services offered is unmatched by no other firm of this nature. ASSUMPTIONS Synergy Business Solutions assessed Chad’s Creative Concepts (CCC) operations and based on the problem state problem here identified and investigated, the following assumptions were brought to the fore: 1. The company’s management assumed that they would have been able to fulfil orders of both custom as well as standard lines using...
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...An organization is built with a good team of working professional with the support of Human Resource Management which performs key function such as recruiting the right people and remunerate their salaries accordingly. Human resource management plays an important support activity of an organization’s value chain in order to sustain in a competitive environment. The term value chain has been incorporated by Michael Porter (1985) in his book “Competitive Advantage: Creating and Sustaining Superior Performance”, in which he described value chain as a series of activities that the organization to adapt sustainable growth in a competitive business environment. In this analytical paper, the author will analyse his current employer’s human resource strategies and practices. OES Oilfield Services is a medium enterprise with less than 500 employees around the world. This company has a head quarter in Dubai, United Arab Emirates and satellite offices around the world serving each continent respectively. The author is based in OES Oilfield Services Singapore Pte Ltd with 15 office staff and 60 field technical inspectors. This company specialised in non-destructive testing of lifting equipment on-board a client’s oil rig by providing technical competent inspectors. Such test is to check the integrity of lifting equipment to ensure zero downtime for the oil rig operation, which in some cases when the oil rig drilling operation is hindered, the oil rig owner will be fine over hundreds...
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...SUPPLY CHAIN MANAGEMENT DESIGNATION PROGRAM MODULE THREE Logistics and Transportation ©Supply Chain Management Association Supply Chain Management Professional Designation Program Copyright © 2013 by the Supply Chain Management Association No part of this material in this manual may be reproduced without the prior written consent of the Supply Chain Management Association. 777 Bay Street, Suite 2701, P.O. Box 112, Toronto, Ontario M5G 2C8 Tel: (416) 977-7111 Fax: (416) 977-8886 Web Site: www.scmanational.ca. Use of this material is restricted to SCMA and its Provincial/Territorial Institutes for the express purpose of delivering the Supply Chain Management Designation Program. No other use is authorized, expressed, or implied. This material must be used in its entirety. © Supply Chain Management Association Supply Chain Management Professional Designation Program Module Three Logistics and Transportation Information and Overview .................................................................................................... IO – 1 General Information ........................................................................................................ IO – 2 Module Overview ........................................................................................................... IO – 4 Module Readings ............................................................................................................ IO – 7 Session and Reading...
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...Review of the 2014/15 Coca Cola Sustainability Report Part 1 – Report Analysis 1. Coca Cola’s sustainability strategy is aligned rather than being just an afterthought. That is, the sustainability strategy is effectively aligned with the company’s strategic objective. As Coca Cola endeavors to refresh the world, the company and its local bottling partners strive at creating new value for their customers. The management is also committed not only on effectively implementing the strategy, but also keeping it aligned with the general strategic objective (Coca Cola, 2015). 2. The company’s sustainability report follows Triple Bottom Line (TBL) and the goals also reflect the TBL. The TBL is a framework that integrates three performance dimensions including social, financial, and environmental (Slaper & Hall, 2015). The company classifies specific standard disclosures (aspects) into three performance dimensions, environmental, financial and social according to the TBL framework (Coca Cola, 2015). The report offers performance outcomes of its system’s progress towards accomplish strategic commitments and goals that have been made in social, financial and environmental areas. 3. However, the company conducted a materiality, which refers to the information in a sustainability report that covers indicators and topics that a company’s crucial economic, social, and environmental effects or that can significantly affect the stakeholders’ evaluations and assessments (Coca...
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...asked you to write a report in which you are to: -Outline the macro environmental factors influencing the sector. -Identify and comment on your organisation’s target markets. -Using your understanding of positioning concept, analyse and evaluate the current position of the organisation’s products and services -Comment on the organisation’s current marketing mix (using the 7Ps) You must base your report on any one of the following companies. Aldi Asda Lidl Morrison Sainsbury Tesco Waitrose The report should be 1500 words maximum (without appendices) Assessment Criteria *The use of the relevant marketing theories and analytical framework in your answer to the above tasks. *Evidence of well-structured and logical marketing report *Word limit 1500 words maximum (excluding appendices) If you are one of those students leaving before the Christmas break, you must hand in your report (uploaded on-line via turn-it-in from 7th JANUARY 2016. The closing date for all on-line submission is 21 JANUARY 2016 at 3.00PM. Please note Plagiarism is the act of using someone else’s words or ideas as if they are your own. In line with university regulations any form of plagiarism will have severe consequences. Please make every effort to reference all sources of material in both text and reference pages. Intro Founded in 1899 and based in Bradford, Morrisons is the fourth largest supermarket chain in the UK, since it was founded the chain was mainly focused...
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...Can Information Systems Restore Profitability to Restoration Hardware? Restoration Hardware is a retailer of furniture, hardware, and home accessories such as bathroom fixtures and decorative furnishings. The company is based in California; it started operations in 1979 and incorporated in 1987. The company sells through multiple channels: a network of 103 retail stores across the United States and Canada, a print mail-order catalog, and its RestorationHardware.com Web site. Restoration Hardware is a major player in an industry that includes competitors such as Pottery Barn, Pier 1, and Williams Sonoma. Restoration employs 3,500 workers, 1,400 of those full-time. Restoration’s business strategy puts the company in a unique sector of the marketplace. Restoration focused from the start on merchandise that honors classic America. The company’s original furniture and fixtures were designed to match the décor and form of older houses. Today, when you walk into a Restoration Hardware store, the merchandise clearly evokes images of the past. Many products, such as portable record players or wooden toys, are intent on inspiring feelings of tradition, if not nostalgia, in older generations of customers. The younger generations may recognize these products from reruns of old television shows and movies set in the times of their parents and grandparents. Many of these products are difficult to find elsewhere and they are very appealing. Up front, the company knows what it wants to do and...
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...Summary The determination of this report is to examine numerous methods additionally relating information received to advance the company’s procedures. The OM methods to be examined are as follows: Data-driven policymaking, linear programming, plus sustainable supply chain management. This report discovers data-driven conclusion creation contains the assembly, uniting plus chomping of statistics acknowledged thru numerous contacts entirely through the business. The procedure shall contribute to the enhancement of the company’s decision creation procedure entirely together. Acme collects figures from their patrons, dealers, associates, plus opponents. Merchants like Acme practice the gathering of statistics starting with the aforesaid sources to create alterations to its daily operations managing procedures. This report additionally discovers organizations remain dedicated to the sustainable supply chain administration pursue to bring into line its routine procedures plus management enterprises policies through its key principles. However, supply chain includes continuous altering marketplaces plus relations. There remain numerous causes why organizations initiated by the pathway of supply chain sustainability. The key causes remain to guarantee that obedience to rules plus guidelines in encouragement of global values for continuing everyday processes. I commend the combination plus practice of data-driven evaluation furthermore maintainable supply chain administration in the company’s...
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...CHAPTER 1 INTRODUCTION: THE ROLE, HISTORY, AND DIRECTION OF MANAGEMENT ACCOUNTING QUESTIONS FOR WRITING AND DISCUSSION 1. A management accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. 2. The inputs of a management accounting information system are economic events. The processes transform the inputs into outputs and are such things as collecting, measuring, storing, analyzing, reporting, and managing. Typical outputs include special reports, product costs, customer costs, performance reports, budgets, and personal communication. 3. The three objectives of a management accounting information system are as follows: To provide information for costing out services, products, and other objects of interest to management; to provide information for planning, controlling, evaluation, and continuous improvement; and to provide information for decision making. 4. All organizations — manufacturing, merchandising, and services — must have a good management accounting information system. Management accounting concepts and procedures are not restricted to any one type of organization. 5. The users of management accounting information are managers and workers within the organization. Anyone internal to an organization is a potential user of management accounting information. 6. Management accounting information is used to cost out objects (for example, services and products) and to aid in...
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