...Hypothesis Write-Up Participants who have depleted their self-regulatory resources will be willing to spend more on purchase items than those who have not. This is hypothesised with the support of previous literature in regards to self-regulation/self-control and relevant resource depletion. Self-regulation involves exerting control over oneself in order to maximise one’s benefits on a long term basis whilst consequently inhibiting immediate desires (Muraven & Baumeister, 2000). Because self-control involves cognitive processing, cognitive fatigue is the consequence of exerting self-control and thus replenishment would be required (Bargh & Chartrand, 1999). However, when one is before the stage of replenishment, and thus still in the state of depletion, one is likely to fail in further tasks involving self-control (Muraven & Baumeister, 2000). Furthermore, fatigue is known to hinder one’s capacity to exert self-control, particularly in the late evening (Baumeister & Heatherton, 1996). From Bargh and Chartrand’s (1999) study which found that the act of exerting self-control itself causes fatigue, a cyclic effect is seen as fatigue, as mentioned above, obstructs the exertion of self-control. Participants with depleted self-regulatory resources are hypothesized to be willing to spend more than non-depleted participants because spending, or more importantly, not spending, requires self-control, and thus self-regulatory resources. As discussed above, when...
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...Oracle Inventory - Release 11i.4 Logical Data Model has initialization information initialization information for a inventory adjustment ITEM CATEGORY TYPE assigned to an item by ABC ASSIGNMENT GROUP is class for classifies inventory for ABC CLASS inventory classification for CYCLE COUNT results in results from contains CYCLE COUNT ADJUSTMENT ITEM CATALOG GROUP stores count tabulations in PHYSICAL INVENTORY SUBINVENTORY REPLENISH COUNT owned by COST GROUP owns has assigned to it owned by EXTERNAL ORGANIZATION has assigned in for groups basis for assigned to item categorizes has owned by attributes generates categorizes adjusted by assigned by derives counts items for CUSTOMER SUPPLIER for owns has based on based on belongs to belongs to has groups basis for CUSTOMER SITE sells to attributes for adjusts source of results from for generates replenished from assigns derived from assigns SUPPLIER SITE assigned to has class assignment group assignment for used in compiled for item assigned to tabulates count for contained in grouped count for describe location of ITEM CATEGORY PO COMMODITY CODE owned by assigned to an item by ABC ASSIGNMENT GROUP CLASS ABC ASSIGNMENT CYCLE COUNT CLASS CYCLE COUNT ITEM PHYSICAL INVENTORY ITEM COUNT PHYSICAL INVENTORY ADJUSTMENT located ITEM REPLENISH COUNT replenished from COST GROUP ASSIGNMENT HR LOCATION ...
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...What advantage does zara gain against its competitors by having a responsive supply chain? It allows zara to match demand for fickle trends more accurately. This in turn means that they can sell products at full price and thus secure their margins and make a profit. It also increases customer loyalty to the brand as zara builds a reputation for being up to date on trends which increases demand products. It also allows zara to reduce inventories and forecast error. Why has Inditex chosen to have both in-house and outsourced manufacturing? In-house manufacturing is used as part of a responsive pull supply chain strategy and also as the final leg of its manufacturing process. After the sales season has started Inditex begins to use in-house manufacturing as a way of quickly responding to trends. It either makes new products or turns incomplete products made from its outsourced manufacturers and turns them into specific finished-goods in response to market demands. Outsourced manufacturing is used to create non-specialised products that can be produced in bulk. Why does zara source products within uncertain demand from local manufacturers and products with predictable demand from Asian manufacturers? Products with uncertain demand will most likely be produced at a lower volume to products with a certain demand and therefore sourcing from local manufacturers provides zara the speed it needs to test and deliver these products before they become obsolete and have to...
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...In my particular role at my job, the roles can be divided by front of house and back office. I mainly do front of house duties and someone else does the back office. When that other individual quit, I had to assume both the front of house and back office roles until someone else was hired. I felt that I knew enough to temporarily take on the back office role and the work had to get done. Even though I knew the main responsibilities of what needed to be done, there were the small things that I wasn’t too in tuned with that I needed to know. Well some of those small things were important because I was not doing specified tasks properly and my manager decided to have a meeting with me to go over everything that was supposed to be done in the back office and to make sure that I knew exactly what was going on step by step. I also had to virtually perform the tasks as well to show that I did comprehend how to do it. I felt that the communication was effective because I was more confident in my abilities to perform job which enabled me to perform better and increase productivity by being able to monitor inventory levels more closely and help the associates out by being able to replenish items that sell faster than others. Of course, replenishing those items means they can continue to be sold to customers which in turn generate revenue for the company which shows why my role is necessary. Helping the associates with products they need is also a necessary step to provide exceptional...
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...Susan Bloemke June 14, 2015 Discussion Case: Coca-Cola’s Water Neutrality Initiative 1. The public issue facing Coca-Cola Company was that its stakeholders were upset with Coca-Cola because of the impact of its excessive water use on local communities. “The Center for Science and the Environment also charged that Coca-Cola products contained dangerous levels of pesticide residues.” Local officials were shutting down a local plant in the state of Kerala. “An Indian court issued an order requiring soft-drink makers to list pesticides residues on their labels.” In the United States, a grassroots campaign was established “to convince schools and colleges to boycott Coca-Cola products.” (Lawrence and Weber, p. 43) The performance-expectations gap is “the perceived distance between what a firm wants to do or is doing and what the stakeholder expects.” (Lawrence and Weber, p. 548) Stakeholders expected a large company such as Coca-Cola to be more proactive about being sustainable and protecting the communities that were home to its factories. The performance expectation gap was large because what the communities were expecting from Coca-Cola was much higher than what Coca-Cola was performing. Stakeholders expected: * Coca-Cola plants to be more sustainable in regard to the natural resources it was using in production, and * offer products that were pesticide free. Coca-Cola was: * producing products that were containing pesticides and not disclosing that...
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...A novel technique of information flow in a multi-echelon supply chain comprising strategic partnerships for facilitating just-in-time inventory replenishment through automated order processing Kishor Pankan, Procurement Manager, ALHOSN University (Abu Dhabi), United Arab Emirates Inventory replenishment is a known SCM challenge area especially under uncertain demand and supply scenarios. Lack of synchronization of supply and demand information may lead to stock overflows or stock out scenarios leading to financial losses, and loss of customers and prospects. Strategic partnership and flow of timely, accurate, and complete information are recognized methods for dealing with demand and supply uncertainties. These methods help in dealing with extreme inventory replenishment problems during Forrester (Bullwhip) effect scenarios, as well. In absence of these methods, inventory managers allow asynchronous replenishment policies like beer game and rationing. Past research studies have proved that such asynchronous replenishment policies cause stock overruns and stock out situations, and amplify the demand fluctuation waveforms caused due to Forrester effect. Strategic supplier and buyer partnership is the recognized solution to inventory replenishment problems. However, lack of synchronous information flow and human interventions in information access and order processing may make such partnerships ineffective. In this research, a novel technique of information flow and automated...
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...Operations Management Case Study - 2 Benny Breweries: Bottle Replenishment THE BOTTLE REPLENISHMENT DECISION Early in 2004, Manish Krishnan, purchasing manager for Benny Breweries, Mangalore, was trying to determine how many bottles to purchase in the coming year. During 2003, the market had leveled off, and 2004 sales predictions were difficult. On the one hand, Krishnan wanted to be sure that sufficient bottles were available to supply 2004 sales levels, yet also wanted to minimize year-end inventories. Covered storage space for empty bottles was tight, and a bottle design change seemed possible in 2005 or 2006. COMPANY BACKGROUND Benny Breweries was located in Mangalore. Over the years, the company had established an excellent reputation. Benny Beer had begun to gain popularity of late, and as a result, a modest market expansion started in 2000. In February 2004, sales reached the highest level in the company’s history. However, in 2003, the sales increase had been well below the trend average (see Exhibits 1 and 2). Four sales peaks occurred during the year: Holi, Christmas, Easter and Onam (refer appended note). Holi was the highest sales period but each peak caused the company to operate on tight schedules and Benny hired more labor and scheduled extra shifts. BREWING PROCESS Beer brewing started with extraction of sugar from malt by an enzymic process. This sugar was then boiled with hops, producing a sterilized and concentrated solution. The resins extracted from the...
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...Chapter 5: Alternative Courses of Action 1. Make a monthly check of inventory stocks Advantages – the replenishment process would be easy – it would be easy to know what supplies are needs to change – it improve the performance of employee because of a good replenishment Disadvantages – in order to do inventory check an employee must take overtime – Relying on manual counting of stock, mistakes can be made. – it would be short-term estimating of inventory supply 2. Prepare a list of items available in the stock room and ask the employees to mark the item they taken out of the cabinet. Advantages – it would easy to check what items are gone – it helps to know when to add an inventory – keep up its proper flow of inventory (maintain the proper flow of inventory stock ) Disadvantages – not all employees would participate – employees might forget to mark the item list – If an employee forgot to mark the supply list the monitor might not know if there are still plenty of stocks of this item on the cabinet. May not be aware if this item needed to be restocked. 3. Provide a cabinet A and B wherein cabinet A will be open for employees and cabinet B will be lock until cabinet A is not yet consume. Advantages – it prevent to issue an order of supplies immediately – the inventory of supply will be well monitored – more efficient and make better to handle the supply (makokontrol na...
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...dangerous because, in reality, groundwater cannot be naturally replenished and plans must be formed to protect it. Many above ground reservoirs that are used as municipal water sources are feed by what are classified as “fossil aquifers”. These aquifers hold water that is, in some cases, hundreds of thousands of years old and they are minimally recharged if at all by surface precipitation that must penetrate hundreds of feet to reach the aquifer. It is estimated that up to 30% of water can be removed from lakes, rivers, and aquifers and not adversely affect the replenishment rate. Based on declining world precipitation estimates and with current and future municipal water consumption, there is no way these water sources can survive indefinitely. One of the key elements of insuring that groundwater will be available in the future is by developing a replenishment plan. Because of the precipitation estimates, natural replenishment seems unreliable and therefore a human methodical process must be employed to make wastewater, meaning municipally treated water that just goes down the drain, useable again. This is known as Artificial Recharge of Reclaimed Municipal Water and there are two types. The most common, simplest, oldest, and generally cost-effective is known as an Infiltration Basin where treated municipal water is put into a spreading basin at ground level. The water percolates through the soil to the unsaturated ground water level where it can replenish the groundwater. This is...
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...dangerous because, in reality, groundwater cannot be naturally replenished and plans must be formed to protect it. Many above ground reservoirs that are used as municipal water sources are feed by what are classified as “fossil aquifers”. These aquifers hold water that is, in some cases, hundreds of thousands of years old and they are minimally recharged if at all by surface precipitation that must penetrate hundreds of feet to reach the aquifer. It is estimated that up to 30% of water can be removed from lakes, rivers, and aquifers and not adversely affect the replenishment rate. Based on declining world precipitation estimates and with current and future municipal water consumption, there is no way these water sources can survive indefinitely. One of the key elements of insuring that groundwater will be available in the future is by developing a replenishment plan. Because of the precipitation estimates, natural replenishment seems unreliable and therefore a human methodical process must be employed to make wastewater, meaning municipally treated water that just goes down the drain, useable again. This is known as Artificial Recharge of Reclaimed Municipal Water and there are two types. The most common, simplest, oldest, and generally cost-effective is known as an Infiltration Basin where treated municipal water is put into a spreading basin at ground level. The water percolates through the soil to the unsaturated ground water level where it can replenish the groundwater. This is...
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...Visual replenishment methods in the manufacturing industry and suggestion for a decision tool Licentiate thesis by Stefan Eriksson Stockholm, Sweden 2013 i © Stefan Eriksson Stockholm 2013, Royal Institute of Technology Department of Production Engineering TRITA-IIP-13-06 ISSN 1650-1888 ii Abstract In almost all supply chains, materials need to be stored or buffered, implying that manufacturing companies need effective replenishment methods. However, this is challenging, since companies must balance inventory costs and customer service in complex and different situations. Therefore, it is important to choose replenishment methods carefully. One well-known and widespread method is Material Requirements Planning (MRP). But the method has problems, such as regarding volume flexibility. There are other methods, but the literature lacks case studies and detailed descriptions and analysis of them, especially for visually oriented methods. Therefore, it is important to explore different methods for materials supply. The purpose of this study is to analyze the application of visually oriented replenishment methods in manufacturing industry and further to design a tentative decision tool for selecting methods. The research aims to provide some answers to three key questions. The first research question concerns general factors that are important for evaluating how effective replenishment methods are. From the literature review, different factors ...
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...Title: Replenishment shortfalls, Is it time to go Lean? Company used: Kmart Northcote Assignment topic: Identify a strategic operations issue or problem that needs to be addressed. Word Count: - 2305 Executive Summary Operations and Processes are no longer just production, but an essential way to decrease inputs, and maximise outputs within a company. This assignment looks at the current process with the back of house system in Kmart. I will touch on lean thinking, and how this is the way forward for business today. Recommend a more streamlined approached to the back of house system Table of Contents 1. Introduction – What is Operations & what does it mean 3 2. Replenishment, its not working 4 3. Current issues with Replenishment Team 5 4. Is lean the way to go? 7 5. Recommendations: Decanting 8 6. Conclusion - 9 References 10 Kmart is a large diverse retail organisation, which has many different aspects of operations and processes. From designing and sourcing manufactures of goods, to supply chain logistics to get goods to stores, to finance and marketing, to support teams to the customer service teams in store who sell the goods. Even in my role as administration manager, I actively control processes within the business, in terms of this definition I could also been seen as an Operations Manager. (Slack, et al., 2012) 1. Introduction – What is Operations & what does it mean Many years ago the process was referred...
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...periodically reviewed through integrated network. Bringing production facilities closer to the stores High storage of inventory at certain store with capacity and replenish nearer store from there * Integrated information systems POS for forecasting Rapid replenishment * Bringing production facilities closer to the stores * High storage of inventory at certain store with capacity and replenish nearer store from there * * Integrated information systems pos for forecasting * Rapid replenishment 1, 2 & 3 Risk In being responsive is The Flexibility If the customer trend changes the business is in trouble. If a particular region goes out of trend the region would get isolated from the entire business and loss occurred with the properties associated with fixed cost. Over dependence on IT Infrastructure - Even though the IT infrastructure maintaining the information is good, failure in IT or n/w would make responsiveness more challenging and introduce new challenges. Selling power of supplier Need more capacity to accommodate Quality Shouldn’t lag in quality as the responsiveness is high Cost management & complex inventory handling Order cost increases if no of replenishment is more Inventory carrying cost increases if order in excess Under Utilization 2. Risk involves in Micro-Match supply & demand Getting precise demand forecast is difficult Increase in logistics cost Increase operational cost (IT, Wages) Stock outs...
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...1. Question Supply Chain Resources definition are Materials, People, Information, Money or any other such resources that must be managed for profitable business operations. Define and describe brief information of the resources defined. Supply chain management (SCM) is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain. Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally. SCM draws heavily from the areas of operations management, logistics, procurement, and information technology, and strives for an integrated approach. Commonly accepted definitions of supply chain management include: • The management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers. • The systematic, strategic coordination of traditional business functions and tactics across all business functions within a particular...
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...Explanation on the basis on which inventory management is done, the different type of inventory models in the context of the assignment given. The process in which each of them is used. This would help you decide the right inventory model. Pl go through this properly. As a growing corporation in the e-commerce retail apparel industry, XYZ has recently been under pressure to package and ship a higher volume of clothes. In order for the corporation to meet this demand, XYZ’s executive staff must decide either to increase its staffs’ hours in the logistics department and potentially hire another employee or bulk ship inventory to Amazon warehouses to be fulfilled through Amazon Prime. The executive team was able to recreate these two scenarios through linear programing and has determined that the company will seek more profit by utilizing Amazon’s fulfillment services. After analyzing the sales model of using Amazon Inc. fulfillment the recommendations for management are to focus on inventory limits and create patterns that will help forecast the inventory needed. By seeking out inventory models, which resolves dual problems of maintaining sufficient inventories to meet demand, we are able to successfully determine the appropriate inventory limits needed for this operation. Now we see that there could have been many solutions like for low values of demand, fulfillment should be done in-house and for high values direct shipping should be used. When demand is comparable to capacity...
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