Differences between Self-support Logistics and the Third-party Logistics ——Report on the supply chain of CoCo-tea and Li’s Soya-bean Milk Shop Overview of the two shops CoCo Fresh Tea& Juice CoCo Fresh Tea& Juice was born in 1997 on the shores of Tamsui‚ a picturesque coastal town sitting on the edge of the great Taipei metropolis. Driven by a passion to serve drinks of the highest quality and incomparable variety of the urbanites of our new age‚ the founders of
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Total Quality Management – Assignment 1 “It is not necessary to change‚ survival is not mandatory” Evaluate the key developments in Total quality management within the context of changing business requirements. WE Deming was a quality guru of the 20th century. Deming was of the belief that if companies constantly measured and improved their processes‚ they would achieve higher quality and also higher productivity. I believe from this quote Deming is implying that success is not always
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TOTAL PRODUCT CURVE: A curve that graphically represents the relation between total production by a firm in the short run and the quantity of a variable input added to a fixed input. When constructing this curve‚ it is assumed that total product changes from changes in the quantity of a variable input (like labor)‚ while other inputs (like capital) are fixed. This is one of three key product curves used in the analysis of short-run production. The other two are marginal product curve and average
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PART III EXAMINATION QUESTIONS CHAPTER 1: AN OVERVIEW OF LOGISTICS Multiple Choice Questions 1. Logistics clearly contributes to ___________ and ___________ utility. a. time; place b. form; time c. place; form d. possession; time e. none of the above (a; p. 3) 2. ___________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product. a. Time b. Place c. Form d. Possession (d; p. 3) 3. ___________ utility refers to having products available
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17-9-2013 What is reverse logistics (RL)? How does it differ from forward logistics? Many organizations and individuals have tried to define Reverse Logistics. We refer to the term "reverse logistics" as all activity associated with a product/service after the point of sale‚ the ultimate goal to optimize or make more efficient aftermarket activity‚ thus saving money and environmental resources. Other terms synonymous to Reverse Logistics™ (RL) are Aftermarket Logistics‚ Retrogistics‚ or Aftermarket
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customers’ expectations. The major challenge however lies in the implementation of quality management. The concept of quality management was pioneered by American gurus such as Armand Feigenbaum‚ Joseph Juran and Edwards Demin. They took the message to Japan in the early 1950s. The Japanese companies popularized the concept of TQM; first undertaking its commercial applications after the concept was extended and further developed by Japanese gurus notably Genichi Taguchi‚ Kaoru Ishikawa and Shigeo Shingo
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Total …… Quality…… Management…… Presentation slides by Dr Anjan Ghosh ….. ……VP-TQM Exide SXC-Logistics & Supply Chain Management March -April 2013 External Developments in last 40 years that has changed the Business Environment • Customers have taken charge – buyers market ‚ diverse customer requirements • Competition intensified – no more monopolies ‚ level-playing fields • Shifts in industrial zones – products made & sold globally ‚ no specific place • Changes in customer & supplier
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2013) 2. The total quality approach is as follows: “Total quality consists of the continual improvement of people‚ processes‚ products (including services)‚ and environments. With total quality anything and everything that affects quality is a target for continual improvement. When the total quality concept is effectively applied‚ the end results can include organizational excellence‚ superior value‚ and global competiveness.” (Goetsch & Davi‚ 2013) 3. The key elements of total quality are composed
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Narapadu‚Sabbavaram‚ Visakahapatnam Total Quality Management (TQM) Abstract This paper discusses the total quality management (TQM) concept and identifies the principles of successful TQM implementation. TQM is based on the participation of all members of an organization to improving processes‚ products‚ services‚ and the culture they work in. TQM benefits all organization members and society. It also describes the Deming ’s quality management concept and his fourteen point management method
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1.)What is Total Quality Management? Total quality management or TQM is an integrative philosophy of management for continuously improving the quality of products and processes. TQM is based on the premise that the quality of products and processes is the responsibility of everyone involved with the creation or consumption of the products or services offered by an organization‚ requiring the involvement of management‚ workforce‚ suppliers‚ and customers‚ to meet or exceed customer expectations
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