2.0 THREAT OF SUBSTITUTES PRODUCTS 3.1 Switching costs Switching cost is a negative cost that consumers get regarding to the changing suppliers‚ brands‚ or products (Investopedia 2012). There are four different methods of switching costs that involve when substituting to another product. The four different methods are learning cost‚ opportunity cost‚ implementation cost‚ and conversion cost. Each method has own different values‚ however these cost does not involved to the electronic industry
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sell and deliver goods and services to a first tier supplier. An automobile company could have a second tier supplier that would supply materials or parts to another company which would then supply materials or parts to another company which would then supply them to the manufacturer. A real world example of a second-tier supplier is “Wisconsin Aluminium” which supplies aluminium fuel filter housing to Mechanical Devices Company. Mechanical Devices uses the fuel filter housing on an engine component
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acquisition process. (need to advertisement‚but competitive is very differcult) l. Ensure supply continuity. (if competitive bidding‚ price high‚ supplier will leave) 4. When compared with single sourcing‚ multiple sourcing -> (lower risk)has the advantage of: dual and cross also double supplier‚ -dual is 2 different supplier to support same product. Cross is the supplier supply A‚ also need to supply B at the same time. m. spreading risk. n. volume leveraging. o. lower
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Boundary less World – A Threat The world today is divided into 243 countries and each country has a unique identity of its own depicting its own culture‚ heritage‚ and traditions. Often people say idealistic things like “we created the borders and not God”‚ but the fact is‚ it is these borders which have helped us to live and breed in peace and harmony. If we turn back and look at the earlier times‚ what existed before was almost a boundary less world with Britain‚ Russia and USA controlling most
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oil price rises sharply. * U.S. businesses expect future profits to fall. a. Explain for each event whether it changes short-run aggregate supply‚ long-run aggregate supply‚ aggregate demand‚ or some combination of them. A deep recession in the world economy decreases aggregate demand. A sharp rise in oil prices decreases short-run aggregate supply. The expectation of lower future profits decreases investment and decreases aggregate demand. b. Explain the separate effects of each event on U
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resorts‚ hotels‚ restaurants‚ and other recreational facilities. (Wikipedia) The briskness of Street foods in Bulacan can be measured by the long queue of consumers’ everyday in the food outlets in strategic places where street foods like: “lugaw” or Rice Porridge‚ goto‚ mami‚ fish balls‚ barbecued banana‚ salted peanuts and chicken pops. (Toledo‚ 1988) Street Foods is a “Survival Meals”‚ maybe because it satisfies the gustatory sense for a temporary period of time. (Soledad
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SUPPLY CHAIN MANAGEMENT SUBMITTED BY – KANIKA GUPTA EPGDIM 2011-13 SUPPLY CHAIN OF HINDUSTAN PENCILS Hindustan Pencils Limited is the largest primary school stationary manufacturing company in India. They were established in 1958 & have mastered the art of making high quality stationary products. With the latest machinery set up‚ today our state of the art manufacturing units daily produce 5.6 million pencils‚1.2 million sharpeners‚ 2.3 million erasers
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January 2006 The 11 Greatest Supply Chain Disasters Introduction Many of us rightly take pride in the growing recognition role of supply chain both within companies and in the public markets. An increasing number of companies cite supply chain initiatives and prowess in annual reports and meetings with financial analysts. But of course the opposite effect must then also occur – supply chain snafus are increasingly cited by CEOs and CFOs to explain poor financial performance. Which
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The Topic of interest in this essay is “Supply Chain” Definition: A supply chain is a network of suppliers‚ manufacturer and distributors which helps in transformation of raw materials into valuable products and delivering them to the customers at right price‚ right place and right time. The concept of supply chain applies not only to the physical products but also to services. In the case of services‚ suppliers become service supporter‚ manufacturer becomes service creator and the distributors
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out of that became a new leader‚ Abu Bakr al-Baghdadi. A U.S Representative‚ Frank Wolf of R-Virginia‚ stated "For far too long the Obama Administration and the Congress have been debating whether or not authority exists for action to address this threat.” Consequently‚ ISIS would soon become the successor of al-Qaeda‚ sharing the same goals‚ including the intentions of its predecessor‚ ISIS clearly became more on what they as an organization wanted to
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