CHAPTER 3 Supply Chain Drivers and Metrics LEARNING OBJECTIVES After reading this chapter‚ you will be able to: I. Identify the major drivers of supply chain performance. 2. Discuss the role of each driver in creating strategic fit between the supply chain strategy and the competitive strategy. 3. Detine the key metrics that track the performance of the supply chain in terms of each driver. In this chapter‚ we introduce the three logistical drivers-facilities‚ inventory‚ and transportation-and
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DETERMINANTS OF DEMAND The determinants of individual demand of a particular good‚ service or commodity refer to all the factors that determine the quantity demanded of an individual or household for the particular commodity. 1) INCOME Income is one of the factors that affect the demand for a given product. Normally‚ we expect that as one’s income rises (falls)‚ the demand for a product will rise (fall). Because we normally expect this to be true‚ a good for which this statement
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Demand elasticity Supply internal external factors influence Economics for Business “Oil prices are high and constantly changing‚ but alternatives fuels are not an evident choice for motorists. Assume that oil begins to run out and that extraction becomes more expensive. Trace through the effects of this on the market for oil and the market for other fuels” This essay will examine the impacts of what diminishing oil supplies and rising extraction costs will have on both the market for fuels and
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Burger Machine Holdings Corporation‚ more commonly known as Burger Machine ‚ is one of the notable fastfood companies in the Philippines. It is a sub-company of the Gilmore Food Corporation. Unlike Jollibee and other burger chains‚ Burger Machine has always been retailing in outdoor stands instead of shops. History It was created in 1981 by Fe Esperanza S. Rodriguez and a sister who both planned to turn two old small buses into mobile stores‚ an idea they adapted from America. It was their fondness
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the shelf life of products (Xiao‚ Jin‚ Chen‚ Shi‚ Xie‚ 2010). Shortened shelf life and increased demand presents a problem for supply chain managers. First‚ the timeline for production to market products is shortened (Eroglu‚ Williams & Waller‚ 2011). Second‚ market replenishment frequencies are increased (Hussian & Drake‚ 2011). Third‚ low-demand product turnover becomes costly‚ when high-demand heuristics and rules are applied to them (Syntetos & Keyes‚ 2009). The convergence of these factors
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How did everyday life change for those who got a washing machine after it was invented? The washing machine has changed very much everyday life since it was invented. This invention meant for many families to change the hard work of washing clothes by hand to a new machine that did this hard work. Until the arrival of the washing machine‚ washing clothes meant a few days of really hard work. Every week all‚ year long‚ there was a washday. A woman would scrub the clothes. “The soap‚ which they had
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The Machine Metaphor and Organizations Today The machine metaphor points out the ways that organizations are specialized‚ standardized‚ and predictable. When I try to apply this metaphor to real life‚ the first thing that comes to mind is the assembly line inside a factory. To create a product each member has their role on the assembly line and there isn’t much deviation from the set process otherwise the product may be unpredictable. In an assembly line the work is done simultaneously to achieve
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Mrs. Morris English Comp 106 27 March 2013 Washing Dishes A nice meal was just enjoyed by the family. Everyone is sitting around the table with full stomachs not wanting to get up‚ but it has to be done. All the essential items are already out. Gloves‚ dish soap‚ dish strainer‚ a sponge and table full of dirty dishes. It’s time to wash the dishes. Depending on what situation you’re faced with determines weather or not you should wear rubber gloves to wash the dishes. If you are wearing
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.are u ok today ??? yeah .. that’s good ..first of all‚‚all of u bring motocycle at poli right ?...so ‚that is the reasons why we at here..I Abdul Hakam n this my partner Siti Wahadini from CuciClear Sdn Bhd at ipoh ‚ to promote our service is washing motocycle at this poli.so‚i give to my partner to more explaining about our service. This is our business card that have our name Mr Abdul Hakam n I Siti wahadini‚our contact number 014-2345678 n 012-1122233‚our facebook account ‚email n blogspot
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CHAPTER 2A DEMAND ANALYSIS 1. Introduction: • Demand for goods and services constitutes one side of the product market ; supply of goods and services forms the other. • If there is no demand for a good‚ there is no need to produce that good. • If the demand for a good exceeds its supply‚ there may be need to expand production. • Production generally takes time and so one has to know the likely demand for a relevant product at a future data to
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