ust-In-Time (JIT) is a very simple idea but one that is essential in modern supply chain management. JIT sets out to cut costs by reducing the amount of goods and materials a firm holds in stock. JIT involves: producing and delivering finished goods ‘just in time’ to be sold partly finished goods ‘just in time’ to be assembled into finished goods parts ‘just in time’ to go into partly finished goods materials ‘just in time’ to be made into parts. The principle that underpins JIT is that production
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Exploring Corporate Strategy CLASSIC CASE STUDIES BMW automobiles Valeriano Lencioni The BMW Group is a prominent European maker of prestige automobiles. Its operations also include motorcycles‚ software products and financial services: this case deals only with the group’s automobiles. By 2004 it produced and sold over one million vehicles under three brands: BMW‚ by far the largest; MINI‚ a relaunch of the British icon small automobile from the 1960s; and the Rolls Royce‚ of which they relaunched
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EXECUTIVE SUMMARY In early 1999‚ Ford announced an integrated e-commerce strategy‚ with the objective of creating an interface among customers‚ dealers‚ vendors and even competitors. The SWOT analysis was studied for the development the strategy‚ as well as the chances of success of such strategy. With Ford’s desire to shift from dealer-centric’ selling to consumer-centric’ selling‚ we looked at the typical characteristics of online customers and how dealers could reinvent themselves to remain
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The Economic Impact of Rising Oil Prices in Automotive Industry The rise in the oil prices plays a major role in the automotive industry. “The world consumes over 82 million barrels of oil per day (BPD)‚ with the united states taking roughly 20 million BPD” (McFarlane). Oil provides 97 percent of the transportation fuels that helps to run the cars‚ trucks and other vehicles in the nation’s highway (Heinberg). Thus‚ when the price of the oil rises‚ it clearly concerns the auto industry because the
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History One of the earliest freight forwarders was Thomas Meadows and Company Limited of London‚ England‚ established in 1836. According to "Understanding the Freight Business‚" written and published by the executive staff of Thomas Meadows and Company in 1972. The advent of reliable rail transport and steamships created demand for the fledgling freight forwarding industry. Trade developed between Europe and North America‚ creating additional demand. The first international freight forwarders were
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1.The merger was expected to result in synergy from which attributes of each organization? With the merger‚ both profitable automobile companies‚ will have the opportunity to benefit from the potential of each other. They had both identified opportunities to increase sales‚ to create new markets for both while being able to expand their markets in new countries‚ to reduce purchasing costs and to realize enconomies of scale. The synergy would drive to product integration and ensure sharing of innovation
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survive‚ it is of the utmost importance to position your strategy and strategic stakes based on your other competitors and your environment. According to that‚ as we have already studied some merger that were a success (AirfranceKLM) or a failure (DaimlerChrysler) and know what went well or wrong‚ we can apply what we have already learn on the Fiat Chrysler case that are at that time in an alliance and that will possibly merge in the next 2-3 years. What we are going to study during this case are the
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Captivating company: dimensions of attractiveness in employer branding Pierre Berthon Bentley College Michael Ewing Monash University Li Lian Hah MPH‚ Malaysia The internal marketing concept specifies that an organisation’s employees are its first market. Themes such as ‘internal advertising’ and ‘internal branding’ have recently entered the marketing lexicon. One component of internal marketing that is still underdeveloped is ‘employer branding’ and specifically ‘employer attractiveness’
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ever. Growing health care costs‚ labor costs‚ and foreign competition are all factors of today ’s struggling auto industry. Foreign automakers such as Toyota‚ Honda‚ Nissan‚ and Hynudai are all finding success while Ford‚ General Motors‚ and DaimlerChrysler continue to decline in market share. During the good and bad times companies need to find ways to cut costs while continuing to improve on quality and productivity and Toyota is the clear cut leader. The question that many ask is what makes
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salesXxmtr^t as written? Why? Rondot Alttomotrve 1 .Does it make financial sense to outsource painting of housings to Greven? What reasons‚ other than financial factors‚ need to be taken into account in this decision? Do you think Glenn should get prices from other suppliers? What do you want to do about the family of parts that did not pass the quality tests? Do you think that Rondot should outsource their painting operations completely and dispose of the equipment? •onment and manager
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