...txt1=During this three-day program, organized by Prof. Marc Sachon of IESE Business School and Thoma Prof. Haul Lee of Stanford Graduate School of Business, you will learn about the benefits of integrating your global supply chain by recognizing the cross-functional links throughout the supply chain, from supplier to customer relationships. Integrating supply chain processes allow companies to manage relationships more effectively, which reduces cost, increases the overall internal efficiency and improves customer relationships and service. &txt2=The program's faculty include Thoma Prof. Hau Lee of Stanford University and professors Marc Sachon, Brian Subirana, and Paddy Miller of IESE Business School. The faculty will provide a holistic vision of global business operations around the world and the necessary tools to face the challenges that globalization is exerting over the supply chain. &txt3=During this three-day program you will learn about the benefits of integrating your global supply chain by recognizing the cross-functional links throughout the supply chain, from supplier to customer relationships. Integrating supply chain processes allow companies manage relationships more effectively, which reduces costs, increases overall internal efficiency and improves customer relationship and service. Customers' demands are the final drivers of your business supply chain activities. This program will give you vision for demand driven supply chains and will address the key...
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...A.2 Case Waste Management Synopsis In February 1998 Waste Management announced that it was restating its financial statements for 1993 through 1996. In its restatement, Waste Management said that it had materially overstated its reported pretax earnings by $1.43 billion. After the announcement, the company’s stock dropped by more than 33 percent, and shareholders lost over $6 billion. The SEC brought charges against the company’s founder, Dean Buntrock, and five other former top officers. The charges alleged that management had made repeated changes to depreciation-related estimates to reduce expenses and had employed several improper accounting practices related to capitalization policies, also designed to reduce expenses.1 In its final judgment, the SEC permanently barred Buntrock and three other executives from acting as officers or directors of public companies and required payment from them of $30.8 million in penalties.2 History In 1956 Dean Buntrock took over Ace Scavenger, a garbage collector owned by his father-in-law, who had recently died. After merging Ace with a number of other waste companies, Buntrock founded Waste Management in 1968.3 Under Buntrock’s reign as its CEO, the company went public in 1971 and then expanded during the 1970s and 1980s through several acquisitions of local waste hauling companies and landfill operators. At one point the company was performing close to 200 acquisitions a year.4 From 1971 to 1991 the company enjoyed 36 percent...
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...Waste Management Fraud Final Project BS 325 Dustin Nystel 12/17/10 Waste Management Overview Waste Management Inc. is a Houston Texas based company providing waste management and other services in North America. Yahoo financial summarizes the company as follows: Waste Management Inc. offers collections, transfer, recycling, disposal, and waste-to-energy services. Its recycling operations include collections material processing, plastics materials recycling, and commodities recycling. The company also provides recycling brokerage, and electronic recycling services, including the collection, sorting, and disassembling of electronics to reuse or recycle various collected materials. It also engages in renting and servicing portable restrooms for municipalities and commercial customers under the name Port-o-Let. An extension of this service includes its involvement in landfill gas-to-energy operations which is the capture and reuse of naturally occurring methane gas at landfill sites. Finally, the company provides street sweeping and parking services, portable self-storage, healthcare solutions services, services for third parties for construct waste facilities, and municipal, industrial, commercial, and residential trash and recycling services (Yahoo, 2010). Waste Management Inc.’s website offers a deeper look into the company’s bragging points in recent years. The company employs 45,000 employees to serve over 20 million customers. In 2009 the company generated $2...
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...Cisco Systems, Inc. Supply Chain Risk Management Chuck Munson with María Jesús Sáenz and Elena Revilla Vice President, Publisher: Tim Moore Associate Publisher and Director of Marketing: Amy Neidlinger Executive Editor: Jeanne Glasser Levine Operations Specialist: Jodi Kemper Managing Editor: Kristy Hart Senior Project Editor: Betsy Gratner Compositor: Nonie Ratcliff Manufacturing Buyer: Dan Uhrig © 2014 by Chuck Munson Published by Pearson Education, Inc. Publishing as FT Press Upper Saddle River, New Jersey 07458 FT Press offers excellent discounts on this book when ordered in quantity for bulk purchases or special sales. For more information, please contact U.S. Corporate and Government Sales, 1-800-382-3419, corpsales@pearsontechgroup.com. For sales outside the U.S., please contact International Sales at international@pearsoned.com. Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners. All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher. ISBN-10: 0-13-375744-7 ISBN-13: 978-0-13-375744-6 Pearson Education LTD. Pearson Education Australia PTY, Limited. Pearson Education Singapore, Pte. Ltd. Pearson Education Asia, Ltd. Pearson Education Canada, Ltd. Pearson Educación de Mexico, S.A. de C.V. Pearson Education—Japan Pearson Education Malaysia, Pte. Ltd. Reprinted from The Supply Chain Management Casebook (ISBN: 9780133367232) by Chuck...
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...unified set of technologies, methods, training, and infrastructure have been implemented to enable rapid and effective DfSC decision-making. “Over the past 3 years DfSC has been broadly adopted by all HP’s Business Groups and Regions. In addition, there have been over 50 individual projects undertaken in collaboration with engineering, marketing, supply chain and finance teams. Savings directly attributable to these programs has exceeded $200 million/year and are expected to reach the $1 billion mark in 2006.” - Dick Conrad, Senior Vice President, HP Global Operations Supply Chain 1 Edward Feitzinger and Hau L. Lee. “Mass Customization at Hewlett-Packard: The Power of Postponement.” Harvard Business Review, January-February 1997: pp. 116-121. Laura Kopczak and Hau L. Lee. “Hewlett-Packard DeskJet Printer Supply Chain (A) and (B).” Stanford Teaching Case, 1996. Hau L. Lee. “Product Universality: The HP Network Printer Case.” Stanford Teaching Case, 1999. Page 1 of 18 HP’s “Six-Pack” HP uses a portfolio of six DfSC techniques to reduce supply chain costs, enhance customer experience, and increase profits. (See page 11 for more...
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...Cisco Systems, Inc. Supply Chain Risk Management Chuck Munson with María Jesús Sáenz and Elena Revilla Vice President, Publisher: Tim Moore Associate Publisher and Director of Marketing: Amy Neidlinger Executive Editor: Jeanne Glasser Levine Operations Specialist: Jodi Kemper Managing Editor: Kristy Hart Senior Project Editor: Betsy Gratner Compositor: Nonie Ratcliff Manufacturing Buyer: Dan Uhrig © 2014 by Chuck Munson Published by Pearson Education, Inc. Publishing as FT Press Upper Saddle River, New Jersey 07458 FT Press offers excellent discounts on this book when ordered in quantity for bulk purchases or special sales. For more information, please contact U.S. Corporate and Government Sales, 1-800-382-3419, corpsales@pearsontechgroup.com. For sales outside the U.S., please contact International Sales at international@pearsoned.com. Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners. All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher. ISBN-10: 0-13-375744-7 ISBN-13: 978-0-13-375744-6 Pearson Education LTD. Pearson Education Australia PTY, Limited. Pearson Education Singapore, Pte. Ltd. Pearson Education Asia, Ltd. Pearson Education Canada, Ltd. Pearson Educación de Mexico, S.A. de C.V. Pearson Education—Japan Pearson Education Malaysia, Pte. Ltd. Reprinted from The Supply Chain Management Casebook (ISBN: 9780133367232) by Chuck...
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... 1. The SEC is often called the “watchdog” of corporate America. How does it assist in preventing fraud? 2. According to the summary, why did the Waste Management executives commit the fraud? 3. You are an ambitious manager in the sales department of a company and have just received the upcoming year’s targeted earnings report. You are concerned that top management has set revenue targets for your division that are practically unreachable. However, anticipating a promotion to vice president of sales if your division maintains good performance, you are determined to reach management’s goal. What actions would you take to satisfy management’s expectations and still maintain your integrity? On March 26, 2002, the SEC charged six Waste Management executive officers for the perpetration of a five- year financial fraud. The following is an article summarizing the SEC’s complaint against these officers: The complaint names Waste Management’s former most senior officers: Dean L. Bun troth, Waste Management’s founder, chairman of the board of direct ors, and chief executive officer during most of the relevant period; Phillip B. Rooney, president and chief operating officer, director, and CEO for a port ion of the relevant period; James E. Koenig, executive vice president and chief financial officer; Thomas C Hau, vice president, corporate controller, and chief accounting officer; Herbert Get4 Senior vice president, general counsel and secretary; and Bruce D. Tobecksen...
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...Transportation management system The aim of the supply chain is to procure customers with necessary products at the time when they need it and at affordable price. The on-time procurement and supply would be impossible without transportation. The transportation in the supply chain means the transfer of goods from one point to another. Transportation sets the connection between different industry sectors and countries. Throughout the history the human being has created different types of transport and that, in turn, facilitated the development of more enhanced transportation systems. After in 1960s computers and other information technologies started to expand transportation management systems become more productive and cost-efficient. Three main issues that transportation management systems deal with are hauling and supply planning, transportation summarizing which include freight tracing, invoicing and documentation and alerting of customers in case of delays, and the transportation performance measurement. There are three main ways of transferring products: air transportation, water transportation, and ground transportation which consists of rail transport and and most common for everybody wheeled transport. Every type of transportation has its own strengths and weaknesses. The participants of the supply chain can transfer goods by its own fleet of vehicles or use the services of other companies. Works Cited Donovan, Michael. “Supply Chain Management: Cracking the...
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...appropriate his opinion on financial statements that are materiality misstated. The main difference of audit failure and audit risk is that CPA whether or not conforms to audit standard. There are six reasons which can lead to audit failures. The first is the lack of sound legal system; the second in the circulation of marketing economy was not standard; the third is short of independence; the fourth is that accounting firms and CPA is a lack of professional ethics; the fifth is that CPA don’t have sufficient professional cautions and occupation concerns; the sixth is that quality system is not strict. The Securities and Exchange Commission filed suit on March 26, 2002, against the founder and five other former top officers of Waste Management Inc., charging them with perpetrating a massive financial fraud lasting more than five years. The complaint, filed in U.S. District Court in Chicago, charges that defendants engaged in a systematic scheme to falsify and misrepresent Waste Management's financial results between 1992 and 1997. The complaint names Waste Management's former most senior officers: Dean L. Buntrock, Waste Management's founder, chairman of the board of directors, and chief executive officer during most of the relevant period; Phillip B. Rooney, president and chief operating...
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...INTRODUCTION Mentoring is defined in an organizational context as a professional development tool, which takes the form of transfer of knowledge from an experienced person – termed as mentor – to a comparatively less senior person in the organization. Through mentoring professional knowledge and experience is transferred to a less experienced person (Hirschfeld, Thomas and Lankau, 2006). The goal of mentoring is to assist the mentee in personal and professional development. Learning and development in organizational contexts is closely associated with the concept of mentoring. Mentoring brings the values and practices focusing on continuing education and links integrated transmission of knowledge through a special link between two persons. Mentoring is an interpersonal relationship providing support, exchange and learning, in which an experienced person invests its ability and expertise to promote the development of another person to enable him to acquire skills and achieve career goals (Holmes, 2008). The mentor is an experienced person who has the confidence and wisdom to promote the transfer of its assets to others less experienced. A mentor is motivated and willing to offer their skills, knowledge and vision of life to a younger member of the organization to support attainment of personal and professional development goals (Gentry, Weber and Sadri, 2008). The mentee is a person in search of personal and professional fulfillment. The mentoring relationship is characterized...
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...MATTEL: A Case Study | October 22 2012 | Case study discussion taken from Stanford’s Graduate School of Business “Unsafe for Children: Mattel’s Toy Recalls and Supply Chain Management” | Rob Breakiron Wenyao Ma Alek Shnayder Jiajie Wang | Contents Introduction 2 Why do companies outsource? 2 What were the primary causes of Mattel’s recall problems? Where these the result of outsourcing? 4 What actions were taken by the principals in the case to address the recall problems? Were these the right actions? Why, or why not? 5 What should Mattel do now? What should governments do? 7 How can accountability be better managed in long, global supply chains? 12 Introduction Mattel, Inc. (NASDAQ: MAT), the world’s largest toy company with over $12.5 billion in revenue, has grown from the little toy company it once was and has certainly come a long way since it was founded in 1945. The exponential world-wide growth has not always come without a hitch. In the late 2000’s Mattel was at a crossroads due to a significant toy recall problem, reaching far beyond the bottom line. During this case write up we discuss what went wrong, whose fault it was, and what can and should be done to not only fix the problem, but eliminate the chance of similar problems for Mattel and other firms in the future. Our case study will tackle the following five questions through in depth discussion: 1) Why do companies outsource? 2) What were the primary causes of Mattel’s...
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...ANSWER SHEET Name: Le Vu Thuy Hau Date of Birth: 25-12-1990 Email Address: levuthuyhau@gmail.com A. Multiple choice questions Please fill in your answers to the relevant questions. |Question No. |Your answer | |1 |C | |2 |C | |3 |C | |4 |C | |5 |B | B. English writing test Topic Selected: Scenario 1 Please provide your response below this line. You may extend your writing in the following page(s) where necessary. Mr. John Smith Korean Company 123 Street Seoul city Korea Dear Mr. Smith I appreciate the opportunity to advise you regarding this tax matter. To ensure a complete understanding between us, I am starting the pertinent information about the advice that I will be rendering and the facts I have researched. Responsibilities I use my judgment in considering the potential and value of Vietnamese retail & distribution market. Unless you instruct me otherwise, I resolve such questions in your favor whenever possible. However, I cannot guarantee the outcome in the event of force majeure such as war, political crisis. Facts The following facts are based on my research on the Vietnamese macroeconomics...
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...| Performance Management at Network Solutions, Inc. Makisha Howell ORG520– Managing Performance for Results Colorado State University – Global Campus Isabel Wan July 11, 2014 Performance Management is often used within organizations that have multiple service initiatives in play. Which in turn puts vast amount of pressure on employees to help improve overall customer satisfaction as well as reduce cost as well. PM is a continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning performance with the strategic goals of the organization (Aguinis, 2013). This paper will give you insight on the Case Study: Network Solutions, Inc. whom no currently use over 50 various systems to measure performance within an organization. Network Solutions vs. Ideal System The Network Solutions, Inc recognized that they had performance issues that weren’t being effectively addressed which then led to competitors pushing and increasing the cost of managing performance. Also Network Solutions also needed to improve the ability to meet standards of the overall goal of the organization but the best solution to this was to incorporate all employee goals and make it work in their favor. The whole cycle of Network Solutions performance management consist of: * Performance planning * Ongoing discussions and updates between managers and employees * Goal cascading and team building * Annual...
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...Sheffield Hallam University | Supply Chain Management | Just – in – Time approach | | [Type the author name] | 4/26/2013 | Student ID: Tutors name: | Word count: 2500 Question: Supply Chain Management is a term used to describe the relationship that exists between an organisation and its network of suppliers and buyers. Just-in-Time (JIT) management is the ability of an organisation to integrate its systems and processes with that of the supply network. Describe a supply chain where this occurs and discuss the challenges and benefits of the JIT methodology. Introduction Supply Chain Management is an essential process to most firms, in terms of competitiveness, demand, quality and services (Krajewski, Ritzman, & Malhotra, 2012). The Supply Chain Management integrates activities that bring organisations manufactured products to market and create satisfied customers. The program incorporates topics such as manufacturing, operations, purchasing, transportation, and physical distribution. If the process is successful then all of these activities are coordinated into a seamless process. The process is linked with all the partners within the organisation those include vendors, carriers, third-party companies, and information system providers. The well known strategy used by manufacturers is known as “Just-in-Time” – JIT. JIT or also known as Lean Production named by John Krafcik, permits the production of only what is required, when it is needed, and...
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...Table of Contents Introduction 2 1. Supply Chain Management of Textile Industry 3 2. Textile Industry and flow of Product and Information 4 3. Up Stream Operation of SCM in Textile Industry 5 3.1 Raw Fiber: 5 3.2 Yarn 6 3.3 Grey Fabric 6 3.4 Finished Fabric 6 4. Demand forecasting in upstream Supply chain management 7 5. Bullwhip effect 8 5.1 Causes of the Bullwhip Effect 9 5.1. a Demand Forecast Updating 9 5.1. b Order Batching 9 5.1. c Price Fluctuation 10 5.1. d Rationing and Shortage Gaming 10 6. Supply chain decisions 11 6.1 Location decisions 11 6.2 Production decisions 11 6.3 Inventory decisions 12 6.4 Transportation decisions 12 7. Vertical Integrated Supply Chain Management in Textile 13 Bibliography 14 Introduction Supply chain management is the term used to describe the management of the flow of materials, information, and funds across the entire supply chain, from suppliers to component producers to final assemblers (or manufacturers) to distribution (wholesalers, warehouses and retailers), and ultimately to the consumer. There are several reasons behind the increased interest in the management of supply chains after the 1990s. Firstly, companies have been moving away from vertical integration, and moving towards specialization, thus having the need to deal with, and rely on, more outside sources. In order to reduce production costs, most textile firms have already outsourced production of their goods...
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