Crocs: Revolutionizing an Industry’s Supply Chain Model for Competitive Advantage Q 1) What are Crocs core competencies? Ans: I think that some of the core competencies of Crocs are as follows: a. Well co-ordinated supply chain: This is one thing that sets apart Crocs from the other show manufacturers. After acquiring Foam Creations, they actively opened more production stores in different parts of the world and currently have a capacity which is much larger than the demand expected. This helps
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EXERCISE 3–5 Apply Overhead [LO5] Luthan Company uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based on 11,000 estimated direct labor-hours and $257,400 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $249,000 and 10,800 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to units of product during the period
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The response addresses the queries posted in 1725 words with references. //As per the directions, the section explains about the operational approaches that can be used for service and manufacturing organizations. It discusses the important operational approaches like Customer Relationship Management (CRM), Enterprise Service Management (ESM), Supply chain Management (SCM) and Decision Making Framework (DMF).\ To serve the different needs and expectation of various customers effectively, it
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Introduction The primary goal for the company is customer's satisfaction and if company can not reach perfection in this area then all the processes are worthless. All parts of the value chain and everything in the enterprise must be healthy for realization of competitive business processes. If the company wants strong and long lasting value chain all the links within the chain must be prepared to overpass all existing problems. The principle of Just-in-time is to eliminate sources of manufacturing
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|Financial Statement Analysis | |Working Capital | |Working Capital is more a measure of cash flow than a ratio. The result of this calculation must be a positive number. It is calculated | |as shown below:
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how to present the plan. Operating and Capital Budgets A Sample Manufacturing Budget for First three Months (P000s) | Jan. | Feb. | Mar. | Projected sales (units) | 50 | 60 | 70 | Desired ending Inventory | 3 | 2 | 6 | Available for sale | 53 | 62 | 76 | Less: beginning inventory | 0 | 3 | 2 | Total production required | 53 | 59 | 74 | A Sample Operating Budget for Three Months (P000s) Expense | Jan. | Feb. | Mar. | Rent | P10 | P10 | P12 | Utilities | 3 | 3 | 3 | Salaries
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chain executives including myself have not properly framed the supply chain value proposition to them. After years of justifying supply chain investments to various CEOs and Boards based on improving and sustaining product availability, driving inventory productivity, and driving transportation and warehousing cost productivity, I found linking supply chain performance to shareholder value creation still missing. Over time, economic profit strongly correlates to increasing shareholder value in public
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stocks 940 incoming parts used in the production of finished goods. Inventory ordering and control has been handled by the existing, long term staff for many years. There is no complete inventory control system in place and not all parts are kept on computer records. Inventory accuracy relies on intermittent physical counts by company employees. The plant is currently running at a 10% out-of-stock rate on raw goods inventory. Analysis There are several options that Wriston has to consider
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CASE CONTEXT Advanced Medical Technology Corporation (AMT) developed, manufactured, and sold scientific medical instruments, needles and catheters that allowed rapid and less invasive access to a number of different organs and vessels. These products represented an alternative to a traditional surgical procedures and allowed analysis or corrective treatment with less risk and trauma and at a lower cost. An example of the products was catheters that could be introduced into a blood vessel
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production process, the company focuses on every detail in the finished goods process and ensures that everything must run in a full capacity and efficiently which includes software application, updating machinery and equipment, maintaining lean inventories;
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