Task 3 Supply Chain Strategy by Daniel Alcaraz 11-7-11 A) Keiretsu Network: There are several choices of strategies we can adopt when we are talking about the supply chain of a company. The first strategy I would recommend and adopt over vertical integration or a virtual company which I will explain later is the strategy of a Keiretsu Network. It was founded by Japanese manufactures in which its part of a collaboration
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WGU - Supply Chain - The Entire Course - All 3 Tasks http://www.homeworkminutes.com/question/view/41072/WGU-Supply-Chain-The-Entire-Course Task 1 Supply Chain Management Simulation Analysis (B): Utilizing pro-forma balance sheets revealed that I was too conservative in my initial approach. My market share was 98% in the traveler series but dismal in the workhorse line. My decision to invest $400,000 into a certificate of deposit was a critical error.
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Keiretsu Translated literally, it means headless combine Keiretsu is a Japanese word which, translated literally, means headless combine. It is the name given to a form of corporate structure in which a number of organisations link together, usually by taking small stakes in each other and usually as a result of having a close business relationship, often as suppliers to each other. The structure, frequently likened to a spider's web, was much admired in the 1990s as a way to defuse the traditionally
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of various methods should be considered. In this section, the Keiretsu networks, Virtual Company, and Vertical Integration methods will be discussed. Keiretsu networks are business networks composed manufacturers, distributors, and financiers. In this model, the manufacturers may choose to be partial owners of the suppliers and the suppliers become part of the company coalition (Heizer & Render, 2011). The benefit of a Keiretsu strategy is the mutually beneficial relationship through shared
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Task 3 A. Analyze whether a Keiretsu network, a virtual company, a vertical integration, or a different supply chain strategy should be adopted. Identifying a strategy is the first step in a supply chain management strategy so that is where we start. There are many options when selecting a strategy that will work best for our market and each strategy has advantages as well as disadvantages. No matter what type of strategy we chose we will face the same main question of if we should make
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Task 3 A. Recommend, with sufficient support, the adoption of one of the following strategies by the power tool company: a Keiretsu network, a virtual company, a vertical integration, or a different supply chain strategy. An efficient supply chain is fundamental to the success of any organization. The expense of the supply chain is usually an organizations largest cost therefore implementing a strategy that effectively minimizes costs while maintaining product quality is an effective way
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16 Product waste is an example of waste in the sense that no value is added- true In a JIT system, product inspection adds value by identifying defective items-false A push system means providing the station with exactly what is needed when it is needed-false Waste is anything that does not add value from the consumers prospective- True Increasing inventory exposes variability in production processes-false The 5’s do not include-safety Manufacturing cycle time is best described as-time from
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take very different perspectives on every task. For example, an experienced worker would look at job design in a very different way to a fresh graduate. It is not that any of these perspectives are ‘wrong’ as such. Rather that they emphasise different aspects of job design. The reality of job design is that most of the perspectives presented in this chapter will have to be used. More often, job design is the systematic and purposeful allocation of tasks to individuals and groups within an organization
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experiments in China 2. 1975-1997 Relative calm period, stable growth, export to foreign countries, rise in FDI a. Mao’s death: collapse of communism → socialist market economy b. Japanese miracle c. Impressive growth of the South-Korean economy 3. Ersatz capitalism → Asian crisis in 1997: inefficient use of capital was covered up by the availability of easy money from governments, optimistic foreign investors lured by the emerging markets. The system could not keep up the pretence as it became
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J-Trading – Full Circle Outsourcing 1 Case Overview J-Trading, the US based arm of a Japanese keiretsu (group of enterprises), is a large enterprise which specialize in commodity trading in East and North America. Originally called JICO, J-Trading has become successful through operations such as acquiring foreign raw materials, importing technology, associations with foreign banks and investors, and manufacturing. With a staff of 350 employees, half being Japanese rotational staff – J-Trading
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