JIT systems are introduced to promote JIT worldwide utilization. This term paper is written according to the author’s professional interest in supply chain management. Supply chain management is striving for relentlessly cut down the costs and optimization of efficiency. Companies’ performance is improved with more efficient and effective supply chain. This results in better customer satisfaction and higher competitive levels. Among numerous of lean methods‚ JIT is the author’s preferred aspect. 2
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Michael Porter’s Value Chain History of Value Chain • Popularized by Michael Porter’s book best seller “Competitive • • Advantage” 1985 Creator of “5 Forces model” Helped Gereffi in the late 1990s develop Global Value Chain. Michael Porter’s Background • Born May 23‚ 1947 in Ann Arbor‚ Michigan • Received MBA in 1971 Harvard Business School • Competition and company strategy • 6 time winner of the McKinsey Award Value • The Value is the extent to which a good or service is perceived by
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Executive Summary The development of information technology has caused the nature of logistics and supply chain management changing dramatically. Furthermore‚ the relationship between retailer and supplier changed as well due to the changing of retail exchanges. As retailers are going to gain much more business opportunities and reduce cost on supply chain‚ it has affected the supplier in somehow. According to the change‚ there are some issues cannot be ignored because of the importance of the
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HOW TO CONDUCT INBOUND & OUTBOUND MARKETING The term ’Inbound Marketing’ is not new‚ in fact it has been around for at least several decades‚ long before the dawn of personal computing and the world wide web. It is‚ however‚ one of the least understood components of marketing and the term tends to be misused these days to mean only internet marketing. According to Peter Drucker‚ inbound marketing is essentially two things: product innovation and market research and this has historically been the
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Marketing logistics value: Managing the 5 P ’s In order to position logistics in its proper role in today ’s business environment‚ logistics leaders will have to do a better job of communicating‚ or marketing‚ logistics. The time for lamenting the lack of interest in logistics from senior management is over‚ and the time to become proactive is here. The logistics story will be understood when all logistics leaders begin to take the marketing initiative and the successes of the discipline are recognized
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Evaluation of the Case Study: P&G Logistics Revolution: Co-creating Value Introduction This report analyses the case study titled “P&G’s Logistics Revolution – Co-creating Value”‚ which examines the growth of Proctor and Gamble in respect to its supply chain strategy and development in recent years. Today‚ Proctor and Gamble (P&G) is a global company‚ with more than 138‚000 employees and operations in over 80 countries
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The Appeal of Paris and Majorca for Families and Couples Paris Majorca Families Couples Families Couples Attractions Louvre Museum = price £23 Monday to Friday Disneyland for the price of £87 Asterix Park for the price of £49 Sightseeing the Eiffel Tower for the price of £32 Champagne Tasting for the price £104 Mont – Saint – Michel from the price of £75 Palma Cathedral for the price of £5 Palma Aquarium from £6 Marineland £6 Cap
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Assignment 1. There are five logistics/supply chain stories in the video. Suggest an appropriate title that you would give to each story. (10 marks) FarEastFlora- “Delivering love to the one’s we love” Transporting the animals- “Sizing up the Sheep” WLNA- “Keeping it cool on this Sunny Island” NTUC supply chain- “Right product‚ right quantity‚ at the right time!” Keppel Logistics- “The life and benefits of logisticians” 2. What type of logistics does each story belong to? (10 marks)
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Cereal Industry: Global‚ Irish and European Market Size and Growth Rate: Global Figure 1 (Appendix...1) ------------------------------------------------- Year Market Size (Billion) Growth % $ 2004 21.6 2005 22.3 3.20 2006 23.0 3.30 2007 23.8 3.30 2008 24.5 3.30 2009 25.3 3.30 2010 26.2 3.30 2011 27.0 3.30 2012 27.9 3.20 2013 28.7 3.10 CAGR‚
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BMGT 372 - INTRODUCTION TO LOGISTICS AND SUPPLY CHAIN MANAGEMENT CASE 2 QUESTIONS AND POINT VALUES ALTERNATIVE DISTRIBUTION FOR SSI The following questions are intended to guide your analysis‚ but please be sure to adhere to the strategic and technical guidelines regarding formatting (see the example memo provided for you). The point values for each question are also provided‚ to make clear how the case will be graded. The case is worth 10 points total‚ or 10% of the final grade for the
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