Olena Marchenko Costco Wholesale Operations and Supply Management OMIS 357 (Fall’09) Agenda • • • • • • • Background and Business Model Processes and Queues Management Supply Chain Strategy Quality Control Inventory Management Recommendations Q&A Background • • • • Headquartered in Issaquah‚ WA 550 warehouses in 40 states Present in 6 countries outside US $71B revenue in 2008 1993: merged with PriceClub: PriceCostco (206 locations) 1998: Costco.com 1999: Costco wholesale 2009:
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Introduction I found the conflicting interpretations of freedom that E. J. Dionne mentions in his book very insightful‚ and that is the topic I chose for my library assignment. Some people view a strong government as a catalyst to freedom because the government stabilizes and regulates society. They believe a strong government allows for free citizens to live their lives how they choose‚ but in a safe and controlled environment. Others view a strong government as a threat to their individuality‚
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when your reputation is on the line. In The Crucible by Arthur Miller‚ there are a lot of reputations that become tarnished such as John Proctor. Proctor had a moment where his reputation would be ruined‚ he was accused of witchcraft and sentenced to be hanged. He had the chance between falsifying himself and regain the respect and safety of his reputation or lie to save himself. The author Arthur Miller‚ portrays the struggle of John Proctor fighting to live with the guilt of lying to escape
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Target marketing includes three activities: market segmentation‚ market targeting and market positioning. We can target markets at four levels: segment‚ niche‚ local area and individual. Market segments are large‚ identifiable groups within a market. A niche is a more narrowly defined group. Globalisation and the Internet have made niche marketing more feasible to many. Marketers appeal to local markets through grassroots marketing for trading areas‚ neighbourhoods and even individual stores
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J&J – Director of Customer Collaboration. (answered by KwangSoo Kim) Pre-interview questions: 1: Please give an example of a situation where you have pro-actively identified an opportunity to implement a strategic supply chain improvement that benefitted both your company and customers A: What was the opportunity that you identified and what was the value add for you and for your customer? One opportunity was to further improve customer service level‚ importantly measured by customers (not by
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Judith Jarvis Thompson and Don Marquis both have markedly different views on the topic of abortion. Thompson generally argues that there are cases where abortion may be morally permissible‚ due to the rights of the mother‚ while Marquis argues that abortion is almost always morally wrong‚ except under extraordinary circumstances‚ because the fetus has a future life. In this paper‚ I will evaluate the arguments of both parties‚ as well as identify what premises‚ if any‚ they both agree on. In addition
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analysis. My long term strategy looks at ways to measure the safety of companies. In a world with dozens of startups erupting every day‚ the company must have a large market cap to ensure dominance over the industry. In addition‚ the company should have a modest P/E ratio‚ one of at least less than the average P/E ratio in the sector. This generally prevents a company from crashing if it is has an earnings report which is not as glamorous as investors expected. If its P/E ratio is low for the industry
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David Thompson: The Stargazer David Thompson was one of the most influential explorers in North American history. Thompson was likely the greatest cartographer and explorer of all time. He was an outdoorsman‚ navigator‚ scientist‚ artist‚ and ethnographer. His genius likely stems from three key traits‚ these traits being his admiration for Aboriginals‚ his intelligence‚ and his mental and physical toughness. David Thompson had a deep admiration for Aboriginal culture and the peoples of Aboriginal
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Technology Description: Costco generate its sales revenue mainly rely on the store sales. Online sales only account for about 4% of Costco’s in its annual revenue. While U.S.’s online sales are growing faster than store sales‚ the trend of shopping online for giant packages of everything has increased with times‚ and will get more and more popular in the future. In this context‚ two of Costco’s big competitors‚ Walmart and Target are beefing up their investment into the field of e-commerce to follow this
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Costco Wholesale is a membership based warehouse store that strives to provide quality products at the lowest possible price. They believe this is possible by following its Code of Ethics‚ which include obey the law‚ take care of its members‚ take care of its employees‚ and respect its vendors. As of 2014‚ Costco was named the third largest retailer in the United States and in 2015 it is the second largest in the world. Costco has a total of 674 warehouses worldwide. Costco serves more than 10 million
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