Traditional View: Logistics in the Economy (1990‚ 1996) Supply Chain Management (3rd Edition) Chapter 1 Understanding the Supply Chain Freight Transportation Inventory Expense Administrative Expense Logistics Related Activity $352‚ $455 Billion $221‚ $311 Billion $27‚ $31 Billion 11%‚ 10.5% of GNP Source: Cass Logistics © 2007 Pearson Education 1-1 © 2007 Pearson Education 1-2 Traditional View: Logistics in the Manufacturing Firm Profit Logistics Cost Marketing Cost Manufacturing
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MSc (Eng) in Industrial Engineering and Logistics Management (IELM6046) 1st Semester – 2013/2014 Year Session 1 – Room LE9 – 7:00 P.M. to 9:30 P.M. Introduction & Objectives of Supply Management (September 3‚ 2013) (Class B) Dr. Stephen W. K. Ng (stephenng@ipshk.org) 1 MSc. in IELM – Supply Management (IELM 6046) – 2013‐2014 Copyright @ QuST 2013 Prof. Stephen W. K. Ng – HKU When we wake up in the morning
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information from http://www.researchandmarkets.com/reports/561970/ Management‚ 9th Edition Description: Management 9e‚ by John Schermerhorn‚ is based on constructive balances that are essential for success in business and management: the balance of managerial theory and practice; the balance of managerial ethics and positive action; and the balance of present realities with future possibilities. In this new edition‚Management‚ 9e has been extensively revised with a sincere commitment to help instructors
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Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson Education‚ Inc. publishing as Prentice Hall 1-1 • Explain why managers are important to organizations • Tell who managers are and where they work • Describe the functions‚ roles‚ and skills of managers • Describe the factors that are reshaping and redefining the manager’s job • Explain the value of studying management Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson
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Between OM and IE? Operations and Supply Management (OSM) is a synthesis of concepts and techniques that relate directly to production and distribution systems and enhance their management. Operations and Supply Management has a distinct management role that differentiates it from OR and IE. Operations and Supply Managers use the tools of OR in decision making and are concerned with many of the same issues as Industrial Engineers. Operations Research/Management Science (OR/MS) is a branch of applied
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A while back in 2007‚ Burts Bee’s was bought out by Clorox for $913 million. In buying Burts Bee’s Clorox is promising to go green. This was Clorox’s start in buying out other green companies to help them achieve their goal in going completely green. Mr. Shavitz and Ms. Quimby the original owners of Burt’s Bees had a huge fall out that began in the late 1990’s which has been going on ever since. (1) The reason that Clorox was willing to pay almost $1 Billion for Burts Bee’s because they see a
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contributes to management. Then in a second part‚ it defines the ’five rights’ framework. Finally the last part considers the relevance and suitability of this framework when planning industrial purchasing activities. What is purchasing? In order to evaluating the ‘five rights’ framework and its relevance to purchasing‚ we need first to explain what the industrial purchasing is. Purchasing is a very wide concept‚ defined differently by many authors. According to W.Dobler and David N.Burt (1996)
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Chapter 3 Supply Management: An Organization Spanning Activity ...../..... Questions 1. As a philosophy‚ SM spans functional boundaries and company borders. .....: ..... 2. Two sources of materials are internal production and external sources‚ where external sources are increasingly being used over internal production. .....: ..... 3. In assuming greater strategic responsibility‚ the activities of supply managers increasingly span organizational boundaries.
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Define the term customer relationship management. What has caused this definition to change over the past twenty years? Customer relationship management is also known as CRM which is widely used in companies to reduce costs and increase profitability by increasing customer satisfaction. The overall goals are to find‚ attract‚ and win new clients‚ retain those the company already has and reduce the costs of marketing and client service. I came across an article and found that CRM became more popular
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1. Does Burt’s Bees’ pricing strategy truly differentiate it form the competition? (Armstrong & Kolter‚ 2013) Burt’s Bees’ pricing strategy does differentiate themselves from the competition. With them using 99% majority of natural resources‚ that sets them away from the competition already. (Armstrong & Kolter‚ 2013) But with the high pricing marketing strategy they propose‚ it creates a higher level of quality into the consumer’s eyes. Having both of these attributes to there products
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