Supply Chain Management of McDonalds McDonald’s Corporation (NYSE: MCD) is the world’s largest chain of hamburger fast food restaurants‚ serving more than 58 million customers daily.[4] In addition to its signature restaurant chain‚ McDonald’s Corporation held a minority interest in Pret A Manger until 2008‚ was a major investor in the Chipotle Mexican Grill until 2006‚[5] and owned the restaurant chain Boston Market until 2007. A McDonald’s restaurant is operated by either a franchisee‚ an affiliate
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effective? 1. (40%) Bullwhip a) (10%) Why bullwhip occurs in a supply chain? b) (15%) Does that contradict with the risk pooling in terms of variability? Explain. c) (15%) Can the bullwhip be alleviated if the number of levels for the supply chain is reduced (e.g. eliminate the distributors)? If so‚ why don’t we just keep the supply chain as flat as possible (i.e. reduce the number of the levels required in the supply chain as much as possible)? 2. (60%) Case: “The Great Inventory Correction”
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clothing considered as ‘unique’ -that won’t be in the shop for more than 2 or 3 weeks. On short‚ as well the title of this paper states: ‘Responsive‚ High speed‚ Affordable fashion’. Stores are managed as small business‚ vertical communication and supply chain‚ so each manager knows exactly the demand and specific request‚ model and colour. This is a way of increasing efficiency‚ loyalty and customers satisfaction. Unlike the competitors‚ Zara spends a low percent of its sales on advertising‚ but
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should be judged according to five criteria: relevance‚ accuracy‚ timeliness‚ clarity‚ and visibility. Deficiencies in any of these areas will weaken the decisionmaking process. Ensuring the quality of information is critical for effective supply chain management. Unfortunately‚ the complexity of the task intimidates many companies into settling for inefficiencies and inaccuracies. As a result‚ decisions are based on Key Performance Indicators (KPIs) that can be ambiguous‚ imprecise or even incorrect
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Chapter 2 Supply Chain Performance: Achieving Strategic Fit and Scope True/False 1. A company’s competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services. Answer: Difficulty: Easy 2. The value chain emphasizes the close relationship between all the functional strategies within a company. Answer: Difficulty: Moderate 3. A company’s product development strategy defines the set of customer needs that it seeks to satisfy through its
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for examination 1. Which of the following statements is correct? A. Recent trends such as lean manufacturing and offshoring decrease the level of risk in the supply chain. B. Accurate forecasting techniques solve most supply chain problems. C. Many retailers observe that inventory levels fluctuate considerably across a supply chain. D. In general‚ the total inventory costs are higher than the total transportation costs in the overall logistics costs for a country. 2. There can be many reasons
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process‚ companies can follow five purchase objectives: the ’five rights’. But do the ‘five rights’ answer to real needs of the modern businesses? This essay explains in a first part what purchasing is and how performance measurement 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
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Q1. Consider the supply chain involved when a customer purchases a book at a bookstore. Identify the cycles in this supply chain and the location of the push/pull boundary. When a customer purchases a book from the book store‚ a complete supply chain cycle which involves procurement‚ manufacturing‚ distribution‚ replenishment and customer delivery takes place. The different supply chain cycles are quite separated in this case because each cycle occurs at the interface between two successive stages
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Kapur 2012PGP097 Vineet Jain 2012PGP061 IRCTC-CATERING SUPPLY CHAIN ANALYSIS AND SUGGESTIONS FINAL REPORT Table of Contents EXECUTIVE SUMMARY 3 The Mission of IRCTC 3 The Business activities of IRCTC includes 3 OBJECTIVES OF CATERING POLICY 4 DESIRED SERVICE OFFERING 4 SERVICE QUALITY DIMENSIONS 4 MAJOR QUALITY INITIATEVES BY IRCTC 5 IRCTC CATERING PROFILE 5 Food products catered by IRCTC: 6 THE SUPPLY CHAIN OF IRCTC CATERING SERVICE 7 CURRENT STATUS AND CAPACITY OF
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1 How can postponement of product differentiation be used to improve supply chain profitability? Postponement‚ also known as "delayed differentiation‚" is a supply chain strategy that delays product differentiation at a point closer to the customer. This involves designing and developing standard or generic configurable products that can be customized quickly and inexpensively once actual consumer demand is known. Postponement also entails the implementation of specific inventory strategies to deploy
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