Background KFC Corporation Kentucky Fried Chicken was founded by Harland Sanders in Corbin‚ Kentucky. Harland Sanders was born on a small farm in Henryville‚ Indiana‚ America‚ in 1890. Sanders loved to cook and to invent a new recipe. One day he tested to mix eleven herbs and spices with wheat flour until he got success and he had a secret recipe for cooking chicken. Sanders opened the first facility with a 142-seat restaurant‚ a motel‚ a gas station. During the 1930s an image that would became
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ahead of second-enterprises‚ but also its old rival – McDonald’s global fast food far behind boss as the main subsidiary of Yum‚ KFC denied. 2007 is the 20th anniversary of KFC(Kentucky Fried Chichen) into the Chinese market‚ the number of branches in mainland China have more than two thousand. Behind the rapid development‚ efficient and smooth logistics system is a KFC a powerful weapon ahead of the competition. 1‚ the fast moving consumer goods supply chain requirements Fast moving consumer goods
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IMPACT OF GLOBALIZATION IN HIGHER EDUCATION Globalization is a phenomenon which has become common and already attracted broad attention in the world in recent years. It offers extensive opportunities for every country in the world to develop their economy‚ improve their regime‚ enrich their culture‚ and update their technology and so forth. Education is undergoing constant changes under the effects of globalization. The effects of globalization on education bring rapid developments in technology
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within three months. Many investments‚ however‚mature between 3 and 12 months. These investments are short-term investments‚ also called temporary investments and marketable securities. Specifically‚ short-term invest ments are securities that (1) management intends to convert to cash within one year or the operating cycle‚ whichever is longer‚ and (2) are readily convertible to cash. Short-term investments are reported under current assets and serve a purpose similar to cash equivalents. Long-Term
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organisations‚ KFC is also one of the best organisation which gained their title and power for more than 80 years. KFC is a chain of fast food restaurants and first established known as Yum! Brands. However‚ the organisation name has been change since 1952. Until now‚ KFC – Kentucky Fried Chicken is the third largest fast-food organisation in the world. KFC has more than 14‚000 outlets and in more than 80 countries around the world‚ serving about 12 million customers each day. (KFC Franchise Opportunity
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INTRODUCTION "Inventory" to many business owners is one of the more visible and tangible aspects of doing business. Raw materials‚ goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Likewise‚ merchandise stocks in a retail store contribute to profits only when their sale puts money into the cash register. In a literal sense‚ inventory refers to stocks of anything necessary
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Perhaps you’ve put off pregnancy to concentrate on your career‚ or because it’s taken you a while to find the right partner. Or perhaps you’ve been trying for a baby for a while‚ and your 40th has come and gone. The burning question for you now is‚ "Have I left it too late?" The answer is "no"! Many 40-plus women do conceive‚ although there’s no denying that your odds of getting pregnant are a lot lower than just a few years ago. What are my chances of getting pregnant naturally in my 40s
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THE EXTERNAL ENVIRONMENT AFFECTING KFC 1.0 External Analysis For success within the airline industry‚ an awareness of the external environment is essential. This section aims to highlight the position of the industry‚ in particular looking at competitors and assessing KFC’s capability to meet current and future challenges. 1.1 PESTEL Analysis An analysis of the macro-environment has been carried out using PESTEL POLITICAL: The operations of KFC are affected by the government policies
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Chapter 7 Inventory Management ◊Distinguish dependent from independent demand inventories ◊Describe the four basic types of inventories and their functions ◊Understand the costs of inventory and inventory turnovers ◊Understand ABC classification‚ ABC inventory matrix and cycle counting. ◊Know RFID and how it can be used in inventory management ◊Understand the EOQ model and its underlying assumptions ◊Understand the Quantity Discount and the EMQ Models and their relationships with the basic EOQ model
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needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets/working capital in most of the undertakings. Thus‚ it is very essential to have proper control and management of inventories. The purpose of inventory management is to ensure availability of materials in sufficient quantity as and when required and also to minimize investment in inventories. Raw
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