SUPPLY CHAIN: INNOVATION Increasing Suppl ’ierDriven Innovation When customers collaborate with suppliers they can build trust‚ reduce relational stress‚ and increase innovation-related activities. BY JOHNW. HENKE JR. AND CHUN ZHANG MORE THAN 50 YEARS AGO‚ management guru Peter Drucker identified innovation as one of the basic ways in which a business builds and maintains a competitive position in the marketplace.I It wasn ’t until recently‚ however‚ that companies not only established internal
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(2007) 2475–2486 www.elsevier.com/locate/apm Analytic network process in supplier selection: A case study in an electronic firm Cevriye Gencer *‚ Didem Gurpinar ¨ Gazi University‚ Faculty of Engineering and Architecture‚ Department of Industrial Engineering‚ 06570 Maltepe/Ankara‚ Turkey Received 1 November 2005; received in revised form 1 August 2006; accepted 9 October 2006 Available online 8 December 2006 Abstract Supplier selection‚ which is the first step of the activities in the product realization
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Supplier Relationships: A Strategic Initiative Jagdish N. Sheth Goizueta Business School Emory University Arun Sharma University of Miami Jagdish N. Sheth is Charles H. Kellstadt Professor of Marketing‚ Emory Business School‚ Emory University and Arun Sharma is Associate Professor of Marketing‚ University of Miami. This paper extends research published by the authors in Industrial Marketing Management (March 1997). Please address correspondence to Arun Sharma‚ Department of Marketing‚ University
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•The HBR Spotlight Cihauv Two Japanese automakers have had stunning success building relationships with North Annerican suppliers-often the same companies that have had contentious dealings with Detroit’s Big Three. What are Toyota and Honda doing right? by Jeffrey K- Liker and Thomas Y- Choi uilding Deep supplier^ "The Big Three [U.S. automakers] set annual cost-reduction targets [for the parts they purchase]. To realizo those targets‚ they’ll do anything. [They’ve unleashed] a reign
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assembly operations‚ while carefully probing the capabilities of domestic suppliers. Honda has established new auto manufacturing facilities in Mexico and increased exports to Central and South America . Suppliers in the car industry have very little power. In fact quite the opposite is true they are at the mercy of the manufacturer. The importance of avoiding suppliers that fix their own terms because they are the only supplier of the produce. Honda Motors has addressed this situation in rather interesting
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Building Deep Supplier Relationships Toyota and Honda have been able to establish close cooperative relationships with suppliers by following six individual steps. Toyota and Honda understand how their suppliers work. They turn supplier rivalry into opportunity. The companies supervise their vendors to ensure their specific needs are met. Furthermore‚ they develop their suppliers technical capabilities by investing in the company‚ but making it back exponentially in the long run. Also‚ Toyota
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Chain Challenges and its Potential impacts 14 Even stronger focus on freshness and quality 14 On-going product innovations 15 Strong customer demand fluctuations based on promotions 16 Order- and inventory management restaurant – DC – supplier - raw material supplier 18 Bull Whip effect 19 Change Management in a de- centralized structure 20 Methods for Solve Problems 20 Build the quality supervised system 20 Build the detailed R&D process 22 Improve the level of marketing promotion and forecast
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Hospitality Supplies: Some Things To Consider When Selecting A Hospitality Supplier Regardless if you are managing a hotel‚ a cafe or restaurant or other business which involves hospitality services‚ then you’re most likely aware the way the type of Hospitality Supplies you utilize can impact the way in which your clients view or rate your company. For hotel and restaurant proprietors‚ client satisfaction isn’t just accomplished by supplying the very best services-good food and lodging-but additionally
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has the strongest supplier monitoring program because they periodically evaluate and modify standards based on feedback. Prior to contracting any supplier‚ Wal-Mart required the suppliers to review and sign a supplier agreement‚ which incorporated an expectation that the supplier would comply with Wal-Mart’s “Standards for Suppliers.” Wal-Mart invested in establishing standards for its suppliers and implemented an ethical standards program that helps Wal-Mart monitor its suppliers regarding whether
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The Case of the Sole Remaining Supplier Though we live in a fast-paced ever-changing world today‚ we all still retain in us‚ an image of what an ethical community‚ an ethical society‚ or an ethical business should look like. We are all responsible in all levels of our society to act ethically as individuals and also as a community for the well being of all. “The Case of the Sole Remaining Supplier” exemplifies one of many such cases in business that puts board executives in a risky position
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