implementing standards. In today’s competitive and globalised environment‚ standards have become increasingly important in enhancing trade and productivity. The productivity boost that SIP(s bring gives an added edge to companies. Standardisation has a major impact on our lives as standards provide the fundamentals for our daily transactions. The benefits of standardisation are wide and many. Chapter 1 Part 1 Standardization of
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Presented By: Abhishek Mandvakar Ankur Kejriwal Hari Mohan Nikhil Abraham Prabhat Singh Vinay Singh BMW’S New Plant In May 2005 at Leipzig area ‚Germany Gerhard Schroder‚ Germany Chancellor opened Plant with Helmut Panke‚the Chairman of Company. BMW invested € 1.3 billion. Manufacture BMW 3-Series car’s. Max annual capacity: 650 cars/day Expected to create 5500 jobs in that area. 2 The ceremonial process of signing the Plant Establishment Contract. 3 BMW History
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(Heizer/Render) Chapter 11 Supply Chain Management Section 1 The Supply Chain’s Strategic Importance 1) Even though a firm may have a low cost strategy‚ supply-chain strategy can select suppliers primarily on response or differentiation. Answer: FALSE 2) The supply chain for a brewery would include raw ingredients such as hops and barley but not the manufactured goods such as bottles and cans. Answer: FALSE 3) When using the low-cost strategy for supply chain management‚ a firm should
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world? It’s McDonald’s unique purchasing system and the relationship McDonalds shares with its dedicated suppliers that ensure the quality of products in every restaurant. At McDonald’s they have a saying‚ “One Taste Worldwide”‚ which is only possible because McDonalds sets strict requirements‚ which are the foundation of the production standards for the entire McDonald’s supply chain. Consistency of product quality is one of the top priorities for McDonald’s and they are on the leading
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the chain has 313 stores in 38 countries‚ most of them in Europe‚ North America‚ Asia and Australia. The word IKEA was an acronym of his name and address: Ingvar Kamprad and Elmtaryd‚ Agunnaryd--the name of his farm and the name of the village it was located within. IKEA’s Business Model: IKEA’s competitive advantage is its business model which strives on continuous improvement‚ best prices‚ quality products‚ self-service‚ production centric design‚ proactive partnership with suppliers (1500
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Transportation: Critical Link In The Supply Chain Study Questions 1. What are the major forces or external factors that have impacted our economy during the latter part of the 20th centuries? How have each of these factors influenced companies as well as their respective supply chains? Which of these factors do you feel is the most important for a computer company? Why? In the 21st century‚ transportation systems will face significant challenges and problems because of global environment
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Chapter 2 Supply Chain Performance: Achieving Strategic Fit and Scope True/False 1. A company’s competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services. Answer: Difficulty: Easy 2. The value chain emphasizes the close relationship between all the functional strategies within a company. Answer: Difficulty: Moderate 3. A company’s product development strategy defines the set of customer needs that it seeks to satisfy through its
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democratic nature‚ in that a large part of the industry has seen significant changes. While the changes have been more visible in the auto component part of the industry‚ with key players having a significant export contribution today‚ Original Equipment Manufacturers (OEMs) too have been undergoing their own set of changes. The change process started with overseas OEMs wanting to enter the country. A natural fall-out of this was the large suppliers who entered the country as part of the ‘follow source’
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A supply chain strategy is a plan with goals and objectives. It is about using all of the elements involved in the sourcing and procurement of goods and services to produce better results for the company. Typically‚ strategy is aimed at achieving objectives such as pushing a new product development faster‚ improving the use of current technologies‚ bringing products and services to market faster‚ minimizing resource investment‚ and reducing specific costs and response/cycle times. Supply chain strategy
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Executive Summary In this executive summary‚ i will introduce the ideas and details of Apple Inc’s supply chain in its current state. We will examine Apple’s strategy of being consumer based and evaluate the current state of business and some of the partnerships it has formed to remain one of the dominating forces in this industry. This report will cover a brief overview of the company‚ its current assortment of products it offers‚ future opportunities and threats that Apple may face‚ its current
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