REVERSE LOGISTICS DEFINATION: Flow of surplus or unwanted material, goods, or equipment back to the firm, through its logistics chain, for reuse, recycling, or disposal. In other words, reverse logistics is the management of any type of returns from any customer with a specific purpose. Products can be returned from any player within the supply chain or from the end-user for different reasons. Raw material, work-in-process or finished goods can be returned when there are surplus or leftovers
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Global Expansion of Wal-Mart: Established in Arkansas in 1962 by Sam Walton, over the last four decades Wal-Mart has grown rapidly to become the largest retailer in the world with 2004 sales of $280 billion, 1.5 million employees, and more than 4500 stores. Until 1991, Wal-Mart’s operations were confined to the United States. There it established a competitive advantage based upon a combination of efficient merchandising, buying power, and human relations policies. Among other things, Wal-Mart
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Integrated Logistics for DEP/GARD MGT-309 May 10, 2015 RK Introduction Supply chain management is “multiple firms collaborating to leverage strategic positioning and to improve operating efficiency” (Bowersox, 4). Proper integration and management results in efficient and successful operations. Without effective supply chain management, business functions can fail through reduced reliability of delivery, frequent shifts in operations to make up for shortages in materials and delivery, which
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To: From: Date: Supplier The suppliers and vendors of a company need to be reliable so as to ensure that no time is wasted and that business operations take place as planned hence satisfy the requirements of the company. This is why supplier selection is an important aspect of any business. The success of the whole process of purchasing may be determined by the selection of the supplier. There are many reasons as to why a company may need to identify and select a new supplier. Among them could
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3. Slack - Zara faces a MEDIUM threat from holdup. Due to being part of large conglomerate: Inditex it may become a victim of inefficient management. Also, as Zara continue to grow, it will not be able to benefit from its advantages: the central logistics and vertically integrated supply may lead to increase in costs: shipments from Spain to other continents may increase costs and lower WTP. 4. Holdup – Zara faces a LOW threat from holdup because it would be difficult for suppliers to extract value
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into seven divisions: three pasta divisions, the Bakery Products Division, the Fresh Bread Division, the Catering Division, and the International Division. Giorgio Maggiali, the director of logistics was becoming increasingly frustrated. His predecessor Brando Vitali, who had served as the director of logistics for Barilla before Maggiali had proposed implementing Just-in-Time Distribution (JITD), which was modeled after the popular ‘Just-in-Time’ manufacturing concept. Vitali had proposed that, rather
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GFML3053 International Logistics (A142) Group Project Assignment Instruction: Students of GFML3053 in A142 need to accomplish this task by group (3-4 students) Groups will be created by the lecturer or by students. In case the members are chosen by students, the complete name list should be submitted by week 4 (latest). The chosen topic should be submitted in the same week together with complete group members with contact details. Group member #1 in the list will automatically be the group
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QUESTION 1: ESSAY The Wilcox Student Health Centre has just implemented a new computer system and service process to "improve efficiency". As pharmacy manager, you are concerned about waiting time and its potential impact on college students who "get no respect". Question 7: What is Six Sigma’s problem solving approach? (5 marks) Write your answer in the box provided below. Generally, Six Sigma is a problem-solving methodology that helps enhance business and organizational operations.
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OUTLINE BERGARAC SYSTEMS THE CHALLENGE OF BACKWARD INTEGRATION Bergerac Systems is a manufacturer of diagnostic instruments used in veterinary practices that has been growing constantly although is small in the market. Led by CEO Ian Wyckoff. This case is based in getting the result by performing qualitative and quantitave analysis of “make vs. buy” decision considering expected production capacities, market forecast and the source of effective strategies. The company introduced the OmniVue
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Automobile Industry Current Issue: In terms of sales, 2014 saw fluctuating fortunes for the industry with stretches of decline followed by consecutive rise before falling in October again Besides sales decline, the industry also faced a number of challenges in the form of abundant vehicle recalls, and censure for safety issues. Solution: FMEA, Root cause analysis, Quality checks and Improvement processes, World-class technology (like in Germany and Japan), setting up targets/benchmarking with
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