PHYSICAL DISTRIBUTION AND LOGISTICS A company the size of McDonald’s requires the value chain to be increasingly important. Not only does McDonald’s want to add value for the customers‚ but also the firm looks for ways to improve the operations that makes McDonald’s a more efficient business .McDonald’s is constantly striving to add value to the firm for their customers‚ and in doing so‚ the firm has created efficiency in getting the products to the customers quickly and as fresh as possible
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0Chapter 10: Strategic Control and Corporate Governance * Organizations must have effective strategic controls if they are to successfully develop and implement their strategies. * This means having systems that allow the organization to effectively respond to environmental changes as well as balance and align the organization’s culture‚ rewards‚ and boundaries. * Overriding this is the goal of the firm’s owners (shareholders) and their elected representatives (board of directors)
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Garrison Keillor "The Age of Elegance" The air is filled with nostalgia in Garrison Keillor’s article "The Age of Elegance". He uses the beautiful fall weather in the heartland state of Minnesota to return to his childhood fantasy of a restaurant named Murray’s. Murray’s brings back Keillor’s memories of what he and America once was‚ a place where a boy could have dreams without any worries. Keillor vividly describes Murray’s as a place of sophistication‚ yet it can be a place to
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Thank you‚ Roland for inviting me to share my life experience with the Excellence Award recipients. I felt honored and would like to express my congratulations to them. I’m sure that all of you‚ the Excellence Award recipients‚ are smart‚ have excellent grades in high school‚ and have admitted to the top colleges. Your parents are proud of you and have the high expectations for your future. They have put lots effort supporting you for that goal and hope you have the best advantage
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1 . How can design for logistic concepts be used to control logistics costs and make the supply chain more efficient ? Design for logistics concepts can be used to control logistics costs by applying the concepts to the supply chain process . The DFL focuses on three concepts ‚ which are : packaging and transportation ‚ parallel and concurrent processing ‚ and standardization . In terms of controlling logistics costs ‚ the DFL suggests that packaging and transportation can be improved
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35 countries IKEA own their coffee shops‚ restaurants in the retail shops 4. Product Price: Low price low cost logistics large quantity purchasing flat packed method reduce transportation cost Product: Offer > 12‚000 items Design: light and modern‚ many selections Multi functional 5. SWOT ANALYSIS Strengths IKEA have a strong internationally known brand attracting key demographic customer groups. The IKEA business model is unique in its construction and execution with little direct
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Global Competitiveness: Role of Supply chain Management Business today is in a global environment. This environment forces companies‚ regardless of location or primary market base‚ to consider the rest of the world in their competitive strategy analysis. Firms cannot isolate themselves from or ignore external factors such as economic trends‚ competitive situations or technology innovation in other countries‚ if some of their competitors are competing or are located in those countries. Companies
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the modern global monetary system. 2. Discuss the role played by the World Bank and the IMF in the international monetary system. 3. Be familiar with the differences between a fixed and floating exchange rate system. 4. Know what exchange rate regimes are used in the world today‚ and why countries adopt different exchange rate regimes. 5. Understand the debate surrounding the role of the IMF in the management of financial crises. 6. Appreciate the implications of the global monetary
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CHAPTER 8 Distribution Channels and Logistics Management Objective: examining the nature and role of the channels in attracting and satisfying customers The Nature of Distribution Channels • Distribution channels are intermediaries used by the producers to bring their products to the market. • Why? Because the use of intermediaries bring greater efficiency in making goods available to target markets. In other words‚ they match the supply with the demand. • Most important benefit of using intermediaries
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There third party logistics service providers(3PLs) are experts in the management and flow of freight‚allowing customers to focus their resources on other activities.Some of these larger organizations provide a one-stop shopping solution where customers can purchase all their transportation service needs‚regardless of mode or geographic requirements. Types of 3PL providers While many 3PLs promote themselves as integrated service providers with a comprehensive range of logistics activity.Hence‚the
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