Executive Summary Costco Wholesale in 2012: Mission‚ Business Model‚ and Strategy By: Dian Pertiwi Sulistianingtyas International 64/B Magister Management Faculty of Economics and Business Universitas Gadjah Mada 2015 COMPANY OVERVIEW Jim Sinegal‚ co-founder and CEO of Costco Wholesale that was founded in 1983 has been able to completely driving the company in its 29-year as the American giant retailer. Costco Wholesale‚ a first ever U.S company to reach $1 billion in sales less
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Channels INTRODUCTION Warehouse and Distribution Channels 1 1 - Introduction & Overview 30/12/2013 What is a supply chain? It is a series of organisations‚ functions & processes that procure‚ move‚ store & process products & materials from point of origin to point of delivery to customers. Customer Retail Warehouse WIP Manufacturer Raw Materials Information Reverse Logistics School of Business IT and Logistics Warehouse and Distribution Channels
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References: 1. Ashayeri‚ J. and Gelders‚ L.F. (1985). Warehouse design optimization 2. Ballou‚ R.H. (1967). Improving the physical layout of merchandise in warehouses 3. Ballou‚ R.H. (1999). Business logistics management. 4th Edition‚ Prentice-Hall International Inc.‚ Englewood 4. Dangelmaier‚ W. and Bachers‚ R. (1986). SIMULAP: a simulation system for material flow and warehouse 5. Davies‚ A.L.‚ Gabbard‚ M.C.‚ and Reinhold‚ E.F. (1983). 6. Dicht‚ E. and Beeskow‚ W
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CASE 2: COSTCO WHOLESALE IN 2012: MISSION‚ BUSINESS MODEL‚ AND STRATEGY. Costco was founded by Jim Sinegal and Jeff Brotman. The first Costco store began operations in Seattle in 1983. In December 1985‚ Costco became a public Company. In August 1999‚ the name was changed to Costco Wholesale Corporation. The Strategy-Making and Strategy-Executing Process in Costco: 1. Developing a strategic vision‚ mission‚ and core values: Mission: to continually provide our members with quality goods and services
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Role of a Manager Sanchez MGT/521 09-06-2013 Timothy Sheaffer Role of a Manager The purpose of this paper is to analyze the different roles of managers in the functional parts of business. In addition‚ this paper will discuss how managers involve different influences in the job environment using different styles of management with the collaboration of two articles from the University Library. Managers play a big role in any business environment; a good manager should not just
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‚ Sam ’s Club‚ and Wal-Mart International. On 2007‚ Wal-Mart used this new slogan” Save Money Live Better”. However‚ there are some critics about their employee life. Wal-Mart exploits their employee’s salary for setting low price to customer. They resisted their worker to build union organization because they tried to prevent from negotiating with employee. Nevertheless‚ Wal-Mart is still successful in the business because they attract lots of urban and rural consumers. Costco Costco was founded
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Costco is a retail warehouse wholesale club that offers a wide variety of quality brand-name merchandise. The founders James Sinegal and Jeffrey Brotman opened the first warehouse in Seattle‚ Washington in 1983. Keeping costs down and passing the savings on to the members has been their operating philosophy. (Costco‚ n.d.) Today there are more than 600 warehouses worldwide with sales exceeding $64 billion. (Costco‚ n.d.) With a yearly membership fee ranging from $35.00 to $100.00‚ this provides
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Costco Analysis Part 1 Memorandum To: CEO John Sinegal Cc: Dr. Birjandi From: Stephen Collum Date: 11/29/2009 Subject: Costco’s Business Analysis Dear John Sinegal‚ I’m writing you to give you my analysis of your company Costco. I’m impressed with your managerial skills used during your year-round warehouse visits. Also‚ the transition from the old workplace to the new workplace is incredible. Last I would like to praise your company’s high employee retention rate.
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Case Study: Costco Wholesale Corp. Financial Statement Analysis (A) A-186A 1. Chief elements of Costco’s Strategy Costco’s strategy relies on 3 main components: Customers‚ Supplier and Operating efficiency. Costco delivers the value to its customers by: products provided by no more than 14% over distributors price‚ Lowest per unit price in the optimal container‚ Kirkland brand name quality at discount prices. Costco target the customer segment of middle class customers in addition to small business
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WAREHOUSE MANAGEMENT SYSTEM By HEMANAND.R (Reg. No: 35203051) A PROJECT REPORT Submitted to the Department of Computer Applications in the FACULTY OF ENGINEERING & TECHNOLOGY in partial fulfillment of the requirements for the award of the degree of MASTER OF COMPUTER APPLICATIONS S.R.M. ENGINEERING COLLEGE S.R.M. INSTITUTE OF SCIENCE AND TECHNOLOGY Deemed University May‚ 2006 CHAPTER 1 INTRODUCTION 1.1 Literature Survey The main objective of this project is to computerize the Warehouse
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