relationship and how they differ from each other. Vertical relationship is when a company has control of or expands their business into each step of a process, like different points of the same production path. Example: A car company that chose to expand into tire manufacturing, which would fit how you've defined vertical integration. Horizontal relationship is when a business tries to become a monopoly by buying other companies that hold similar products, and essentially acquiring the competitors so
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is a computer corporation recognized for manufacturing computer systems through parts assemble. In 1983, Michael Dell saw an opportunity in using IBM compatible computers for a new assembly line that can be sold to local businesses. The idea as explained by Michael Dell, in an interview with Joan Magretta[1], is that in the early days of computers' manufacturing, companies had to be able to produce every part of the system. As the industry matured, companies started to focus on single parts and to
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1. Government role in RR building- Congress was impressed by arguments supporting military and postal needs and began to advance liberal money loans to two favored cross- continent companies in 1862 and added enormous donations of land and tracks. Within the routes the RR’s were allowed to choose alternate mile- square sections in checkerboard fashion 2. Significance of Transcontinental RR- A magnificent engineering feat- most impressive peacetime undertakings. Welded West Coast firmly to the Union
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damage from condensation. For example, "FOB JNPT" means that the exporter delivers the goods to the Jawahar lal Nehru Port, India, and pays for the cargo to be loaded and secured on the ship. This term also declares that where the responsibility of shipper ends and that of buyer starts. The exporter is bound to deliver the goods at his cost and expense. In this case, the freight and other expenses for outbound traffic are borne by the importer. * Carriage and freight (now known in the US as "cost
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and services a company decides to promote to their consumers. Innovation is the actual changes and the taking of actions to improve an idea, product, or service. Innovation is simply finding new solutions to problems. Innovative ideas often impact the strategy, process, products and services a business provides to their customers. The rest of this paper will examine the impact of innovation on strategy, process, products and services of two businesses, the manufacturing company of Apple Inc and
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CHAPTER 2 Accounting for Materials Review Summary 1. Materials control includes physical control of materials and control over the investment in materials. Effective physical control of materials involves limiting the access to stored materials, segregating the duties of employees who handle materials and materials reports, and establishing an accurate recording system for materials purchases and issues. Only authorized personnel should be permitted in material storage areas, and procedures
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The macro approach that locates a warehouse or distribution center at a point that minimizes transportation costs for products moving between a manufacturing plant and the markets, and is relatively simplistic: | 1. | Hoover's model | | 2. | center of gravity approach* | | 3. | none of these are macro location approaches | | 4. | Weber's model | | 5. | Von Thunen's model | Which is true regarding the facility/supply chain network design decision? | a. | generally, qualitative
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structure, due to the many different facets of the company. When the company first started, a vertical structure fit the basic needs, but as the company expanded into an international overnight courier service, ground delivery service, and freight company, it became necessary for the organizational structure to expand as well. The company, originally known as Federal Express, started small so the business structure was simple. As the company grew and added more branches, it was necessary to expand
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Introduction The core business of my company is ship management, the parent company owns a fleet of seventy ships and charters an equal number, majorly comprising of oil tankers and bulk carriers. The fleet management of the owned tonnages are carried out from offices based in Rome&Singapore. The chartering and pre- post fixture operations of the owned & chartered tonnages are carried out from shipping business hubs across various time zones like Singapore , Dubai, Monte Carlo , London
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considered to be the portion of a business's assets that are ready or will be ready for sale (Investopedia). In short, the inventory is the products the company have not sold yet. And inventory is current asset in order to generate more future cash flow. Why Inventory is so important Inventory is a major investment for many companies. Manufacturing companies can easily be carrying inventory equivalent to between 50% and 100% of the revenue of the business. It is therefore essential to reduce the levels
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