Retail super-giant Wal-Mart has fought its way to becoming the world’s largest company. Wal-Mart’s legendary supply chain technology has allowed them to break the three-day barrier that some economists in the eighties felt that it was unbreakable. In other words‚ Wal-Mart is often able to replenish items on the Wal-Mart shelf in less than three days – not from the central warehouse to the shelf‚ but from the manufacturer to the shelf. With quick and reliable 2-day turn around‚ Wal-Mart is able to
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complex. The chain of command refers to levels of authority in the company from the .top position. A chain is a series of connected links‚ which are made of people or anything in the world. A chain may consist of two or more links. A series of usually metal links or rings that are connected to each other in a line and used for supporting heavy things‚ for holding things together‚ for decoration‚ etc. A chain that is attached to the different people in it. It is very important for the chain of command
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getting your product or services to right people at the right time‚ thus a global distribution strategy is a plan created by the management that specifies how the firm intends to transfer its products to intermediaries‚ retailers and end consumers (Munusamy‚ 2011). A distribution strategy defines how you are going to move products from point of creation to points of consumption‚ in a cost-effective manner and also defines how the organisation is going to create and satisfy demand for your products
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Green and lean supply chain 1. Introduction Firms in the twenty-first century are grappling with a constantly changing world. Three supply chain trends in particular are converging to create an increasingly complex business environment: a move towards green initiatives‚ the utilization of lean processes‚ and globalization. The globalization of supply chains involves dimensions such as offshoring of production‚ inventories‚ suppliers and customers‚ and differences in economies‚ infrastructures
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use of a wide range of linking language features. Occasional hesitation/ repetition. Long responses are easily delivered and are directly relevant to the topic. Use cohesive features (linking phrases) accurately. “ the length of your response and your use of cohesive features such as linking words‚ discourse markers‚ connectives and redundant phrases” Lexical Resource (Vocabulary) Ability to use lest common words Use of idiomatic language Paraphrasing (explaining words that you
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Case Study #3: A Pain in the (Supply) Chain Highlights This case is about the bullwhip effect and supply chain coordination Read “A pain in the (supply) chain” in the course pack and the supply chain integration (bullwhip effect) chapter in the textbook. To meet the target of 9% sales growth‚ Exceso Corporation (the manufacturer) starts an aggressive promotion (sharp discount in the price) to its retailers‚ despite the obvious downside of doing so. Please read the case carefully and
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387 From supply chains to value chains: A spotlight on CSR Malika Bhandarkar and Tarcisio Alvarez-Rivero* 1. Introduction Corporate social responsibility (CSR)1 has become a hot topic in boardrooms across the world. Changes in corporate value systems are being driven by pressures from different actors‚ including governments‚ consumers‚ non-governmental organizations (NGOs) and institutional investors (diagram 1). Multinational corporations (MNCs) have operations spread across the globe‚ relying
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smi8239X_ch01_001-026.qxd 2/27/07 11:22 PM Page 1 CHAPTER 1 Introduction to Supply Chain Management 1.1 WHAT IS SUPPLY CHAIN MANAGEMENT? Fierce competition in today’s global markets‚ the introduction of products with shorter life cycles‚ and the heightened expectations of customers have forced business enterprises to invest in‚ and focus attention on‚ their supply chains. This‚ together with continuing advances in communications and transportation technologies (e.g.‚ mobile communication‚
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CASE: PARTS EMPORIUM • Sue McCaskey‚ the new materials manager of a wholesale distributor of auto parts. • She seeks ways to cut the bloated inventories while improving customer service. • Back orders with excessive lost sales are all too frequent. Inventories were much higher than expected when the new facility was built‚ even though sales have not increased. CASE: PARTS EMPORIUM • Summary data on inventory statistics‚ such as inventory turns‚ are not available. • McCaskey decides to begin
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A. Analyze whether a Keiretsu network‚ a virtual company‚ a vertical integration‚ or a different supply chain strategy should be adopted. A Keiretsu network is a network of businesses that own stakes in one another as a means of mutual security‚ especially in Japan‚ and usually including large manufacturers and their suppliers of raw materials and components. There are two types of keiretsu: vertical and horizontal. Vertical keiretsu illustrates the organization and relationships within a company
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