CHAPTER 3 Supply Chain Drivers and Metrics LEARNING OBJECTIVES After reading this chapter‚ you will be able to: I. Identify the major drivers of supply chain performance. 2. Discuss the role of each driver in creating strategic fit between the supply chain strategy and the competitive strategy. 3. Detine the key metrics that track the performance of the supply chain in terms of each driver. In this chapter‚ we introduce the three logistical drivers-facilities‚ inventory‚ and transportation-and
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Tourism is a complex product. Many suppliers and stakeholders are involved in supply chain. For the customers‚ it cannot be tested it beforehand. There is a distance between the time of purchase and the place when it is utilised. Therefore information is intensively required at the point of planning travel before purchase. Tourism products are dominated by information. Information technologies have accelerated changes in tourism of consumer behaviour and industrial structure.
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Demand elasticity Supply internal external factors influence Economics for Business “Oil prices are high and constantly changing‚ but alternatives fuels are not an evident choice for motorists. Assume that oil begins to run out and that extraction becomes more expensive. Trace through the effects of this on the market for oil and the market for other fuels” This essay will examine the impacts of what diminishing oil supplies and rising extraction costs will have on both the market for fuels and
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defined by the World Tourism Organization (WTO)‚ tourism comprises the activities of persons travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure‚ business‚ and other purposes. Key concepts of sustainable development and sustainable tourism‚ values and ethics of sustainable tourism and the needs of sustainability in all form of tourism shall be discussed in this essay. 2.1 Sustainable Tourism Since World War II‚ tourism has developed from
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the shelf life of products (Xiao‚ Jin‚ Chen‚ Shi‚ Xie‚ 2010). Shortened shelf life and increased demand presents a problem for supply chain managers. First‚ the timeline for production to market products is shortened (Eroglu‚ Williams & Waller‚ 2011). Second‚ market replenishment frequencies are increased (Hussian & Drake‚ 2011). Third‚ low-demand product turnover becomes costly‚ when high-demand heuristics and rules are applied to them (Syntetos & Keyes‚ 2009). The convergence of these factors
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Evangelyn Natividad. BSTM 1A 1. History of the food service industry? The word “history” conjures up memories of high school and college days when students memorized dry facts and names that appeared to have no bearing on their day-to-day lives. But when it comes to learning everything about a chosen career field‚ reading about its history can serve some very important purposes. For example‚ the phrase “History always repeats itself” is not without some elements of truth. Let’s say someone
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Negative Economic Impacts of Tourism There are many hidden costs to tourism‚ which can have unfavorable economic effects on the host community. Often rich countries are better able to profit from tourism than poor ones. Whereas the least developed countries have the most urgent need for income‚ employment and general rise of the standard of living by means of tourism‚ they are least able to realize these benefits. Among the reasons for this are large-scale transfer of tourism revenues out of the host
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QUESTION 1 a) Seasonal demand can be consumer interest in purchasing particular products only during a specific period within the calendar year. For example‚ Christmas trees‚ most fruits‚ school books and uniforms‚ TVs‚ cards and tourism sector among others are subject to seasonal demand. There are certain problems that are associated with this kind of seasonal demand they include; Over stocking is one of the problems of this kind of demand. Seasonal demand poses problems for businesses because
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http://www.ukessays.com/essays/tourism/history-and-structure.php history and structure of the travel and tourism industry Introduction Tourism is seen as one of the main industries in the world. "The World Travel and Tourism Council (2001) indicated that tourism creates more than ten percent of the global economic output and 1 in 10 jobs worldwide". "Tourism starts with the wealthy‚ with images of prestigious visits to seaside resorts and spas‚ Grand Tours and the activities of business enterprisers
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Chapter 22 The Demand for Money T 1) Multiple Choice The quantity theory of money is a theory of (a) how the money supply is determined. (b) how interest rates are determined. (c) how the nominal value of aggregate income is determined. (d) all of the above. Answer: C Question Status: Previous Edition 2) Because the quantity theory of money tells us how much money is held for a given amount of aggregate income‚ it is also a theory of (a) interest-rate determination. (b) the demand for money
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