1. Amazon.com‚ Peapod‚ Dell‚ and many furniture manufacturers use push-pull supply chain strategies. Describe how each of these companies takes advantage of the risk-pooling concept. To better understand the strategies used by the three (3) companies and furniture manufacturers‚ the definition of Push or Pull is established below: Push Strategies – when the manufacturer uses its sales force and trade promotion money to induce intermediaries to carry‚ promote‚ and sell the product to end users.
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1. a. “Statistics is the nerve center for Operations Research.” Discuss. b. State any four areas for the application of OR techniques in Financial Management‚ how it improves the performance of the organization. 2. At the beginning of a month‚ a lady has Rs. 30‚000 available in cash. She expects to receive certain revenues at the beginning of the months 1‚ 2‚ 3 and 4 and pay the bills after that‚ as detailed here: Month Revenue Bills 1 Rs
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Forecasting Models: Associative and Time Series Forecasting involves using past data to generate a number‚ set of numbers‚ or scenario that corresponds to a future occurrence. It is absolutely essential to short-range and long-range planning. Time Series and Associative models are both quantitative forecast techniques are more objective than qualitative techniques such as the Delphi Technique and market research. Time Series Models Based on the assumption that history will repeat itself‚
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PLANNING‚ FORECASTING & REPLENISHMENT) Introduction: CPFAR is a practice/concept that aims to enhance supply chain integration by supporting and assisting joint practices so as to minimize waste and have lean processes in place. CPFAR Origins CPFR began in 1995 as an initiative co-led by Wal-Mart ’s and the Cambridge‚ Massachusetts software and strategy firm‚ Benchmarking Partners. The Open Source initiative was originally called CFAR (pronounced See-Far‚ for Collaborative Forecasting and Replenishment
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Supply Chain Management in the Pulp and Paper Industry Dick Carlsson Södra Cell International AB‚ SE-351 89 Växjö‚ Sweden Sophie D’Amours FOR@C‚ CIRRELT‚ Université Laval‚ G1K 7P4‚ Québec‚ Canada Alain Martel FOR@C‚ CIRRELT‚ Université Laval‚ G1K 7P4‚ Québec‚ Canada Mikael Rönnqvist The Norwegian School of Economics and Business Administration‚ NO-5045 Bergen‚ Norway October 2006 Working Paper DT-2006-AM-3 Interuniversity Research Center on Enterprise Networks‚ Logistics and Transportation
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Summary of Forecasting Profitability and Earnings In the competitive environment‚ there is a strong prediction in economic theory that profitability is mean reversion both within and across industries. For instance‚ under competition‚ firms will leave relatively profitless industries and turn into relatively high profitable industries. Some companies introduce new products and technologies that bring more profitability for an entrepreneur. Otherwise‚ the expectation of failure which makes companies
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OBSERVATION‚ DESCRIPTION‚ AND IDENTIFICATION TECHNIQUE LEARNING OBJECTIVES: Explain the meaning of observation‚ and describe the techniques used in observation and description. Explain the importance of accurately evaluating the data provided by witnesses. Describe the techniques that should be used for a lineup. In security job observation means perception of details pertaining to persons‚ objects‚ plans‚ and events through the use of the five senses. An investigator makes descriptions to convey
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Assignment 1 "Making Decisions Based on Demand and Forecasting" Domino’s Pizza is considering entering the marketplace in your community. Conduct research about the demographics of your community‚ for example the population size and average income per household‚ and other independent variables‚ such as price of pizza and price of soda‚ for this assignment. By conducting a demand analysis and forecast for pizza‚ you will be able to make a decision whether Domino’s should establish a presence in
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USE OF SATELLITE TECHNOLOGY FOR WEATHER FORECASTING Weather forecasting is the application of science and technology to predict the state of the atmosphere for a given location and over the years many techniques have been used to forecast the weather‚ Satellite technology is one of it. The history of weather forecasting and early satellite programmes was told using archive film‚ highlighting the difficulties associated with a lack of weather data. Two hundred dedicated weather satellites
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JOURNAL OF BUSINESS LOGISTICS‚ Vol.24‚ No.2‚ 2003 37 STRATEGIC SUPPLY CHAIN MAPPING APPROACHES by John T. Gardner SUNY Brockport and Martha C. Cooper The Ohio State University Visualizing‚ tracking‚ and managing supply chains all become more complicated as firms pursue outsourcing strategies and as firms’ supply and delivery systems become increasingly global. The authors suggest that not only is there a need to visualize the supply chain‚ there needs to be a well-established process for building
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