Hong Kong Institute of Vocational Education Business Administration Discipline BAN5413 -- Supply Chain & Logistics Module 2010 – 2011 (1st Semester) Assignment 1.0 Introduction The objectives of this assignment are for students: - collating information of real firms and associating them with what have learnt in the lectures; and - applying the knowledge learnt in lectures to analyse the case‚ to identify issues/problems and/or to formulate solutions/recommendations
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Supply Chain Management at World Co. Ltd. Facts of the Case Industry Facts: Specialty Retailing Sector -Women’s apparel industry in Japan seasonal industry products have short life cycles and extremely uncertain demand International Competition 3 Distribution Alternatives- company-owned stand alone stores‚ shops in fashion malls‚ and shops within department stores “store-within-a-store” Company Facts Operates in women’s apparel industry Company uses both wholesale and retail distribution
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3.2 Supply chain industry A company’s supply chain is its central nervous system for how it creates and distributes a product. The industry is made up of the key players who participate in this process‚ including manufacturers‚ wholesalers or distributors‚ retailers and transportation companies. There are three main areas of a company’s supply chain. They include: (Refer to the Picture below) * Procurement or the “buying” process. This includes the purchasing of the raw materials needed to
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A – Supply Chain Strategy The supply chain strategy chosen for the power tool company is a long term partnering relationship with few suppliers. The long term vision of the company is to make quality products and constantly stay ahead of the competition with innovation. The best way to accomplish this strategic long term goal is to partner with key suppliers that operate using a strategy of long term thinking based on trust and transparency. Ray Kroc was one of the pioneers on forming partnerships
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International Academy for Business and Administration Logistics cost management Thesis Paper Supervised by: Prof. Dr. Siegfried Harmeling Student’s name: Li Li Student’s number: 05213116 Date: May 31‚ 2008 Synopsis In recent years‚ the logistics industry of China is developing rapidly. Even some big-size enterprises fizz in the first‚ second and third industry. It has become the huge and complex industry. The status of the logistics industry is more and more important. As we know‚ the
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The effect of strategy on the use of supply chain management tools – exploratory survey in the Hungarian automotive industry István Jenei1‚ Krisztina Demeter2‚ Andrea Gelei3 Budapest University of Economic Sciences and Public Administration‚ Hungary Abstract Supply chain management (SCM) usually goes beyond company boarders. Cooperating parties are required‚ who decide to work together. The way how this cooperation evolves depends on the strategies and practices of the parties. In this paper
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INTRODUCTION SUPPLY CHAIN MANAGEMENT Supply Chain Management (SCM) is an essential part of every business. The supply chain of a company is its network consisting of all the companies’ suppliers‚ itself‚ and its customers. Without a successful SCM system‚ no matter how small a company might seem‚ a business cannot successfully operate. The supply chain encompasses every aspect of a business’s operations. It begins with raw materials‚ continues through production phases‚ creating finished goods
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Executive Summary Traditional management systems rely on volume to allocate overhead. Indirect cost is allocated to items such as direct labor hours‚ units produced or the production of machine hours. Using only single cost drivers‚ potentially distorts cost estimates especially when dealing with high volume production. The implementation of Activity Based Costing serves as a solution to this downside in traditional systems. ABC utilizes various cost drivers both volume and non-volume related to
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quality bag with better price. 2. Compare the assembly line in China to that in San Francisco along the following dimensions: (1) volume or rate of production‚ (2) required skill of the workers‚ (3) level of automation‚ and (4) amount of raw materials and finished goods inventory. (1) Volume or rate of production Factory in San Francisco - Customized bags depends on the orders from customers. Factory in San Francisco - Standardized products such as laptop bags and Accessories has stable orders
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VIDEO CASE: SUPPLY-CHAIN MANAGEMENT AT REGAL MARINE 1. What other techniques might Regal Marine use to improve supply chain management? Answer: The other techniques might Regal Marine uses to improve supply change management are as follows: * Allowing the supplier to become part of the company coalition. * Specialization – utilizing the efficiency and knowledge of persons specializing in supply chain management * Virtual company – relying on a variety of supplier relationships to
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