MSc (Eng) in Industrial Engineering and Logistics Management (IELM6046) 1st Semester – 2013/2014 Year Session 1 – Room LE9 – 7:00 P.M. to 9:30 P.M. Introduction & Objectives of Supply Management (September 3‚ 2013) (Class B) Dr. Stephen W. K. Ng (stephenng@ipshk.org) 1 MSc. in IELM – Supply Management (IELM 6046) – 2013‐2014 Copyright @ QuST 2013 Prof. Stephen W. K. Ng – HKU When we wake up in the morning
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A – Supply Chain Strategy The supply chain strategy chosen for the power tool company is a long term partnering relationship with few suppliers. The long term vision of the company is to make quality products and constantly stay ahead of the competition with innovation. The best way to accomplish this strategic long term goal is to partner with key suppliers that operate using a strategy of long term thinking based on trust and transparency. Ray Kroc was one of the pioneers on forming partnerships
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Demand and Supply Practice Questions and Answers from Lesson I-4: Demand and Supply The following questions practice these skills: Describe when demand or supply increases (shifts right) or decreases (shifts left). Identify a competitive equilibrium of demand and supply. Describe the equilibrium shifts when demand or supply increases or decreases. Describe how prices or gross substitutes or gross complements shift demand. Describe how input costs or production costs shift supply. Aggregate
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Universal Healthcare would be great for the U.S. and all the citizens but only if we were not in a big debt. There are some good and bad things to wanting Universal Healthcare. One bad thing is that Americans want but do not want to work to get it. Some Americans already say that taxes are too high‚ now if they do go through with this taxes go higher and all they call it is "government provided" healthcare. One of the good things to getting Universal Healthcare would be saving many peoples
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Case Teaching Resources FROM THE EVANS SCHOOL OF PUBLIC AFFAIRS Box 353055 · University of W ashington · Seattle W A 98195-3055 www.hallway.org Science‚ Discrimination‚ and the Blood Supply: San José State University’s Blood Drive Ban San José State University Suspends Campus Blood Drives On January 29‚ 2008‚ Don W. Kassing‚ President of San José State University (SJSU)‚ announced that he was suspending indefinitely all blood drives taking place on the SJSU campus‚ plus any drives
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Japan’s Universal Health Care System November 7‚ 2012 MIBC 101 Instructor: Sonya Pedro by: Ayannah M Taylor Japan is known as Nippon 日本 meaning “Nation of the rising Sun‚” and is a modern country with a democratic government in East Asia. Its population of 127‚000‚000 is very compacted on the island nation. Japan is composed of 4 islands: Honshu‚ Hokkaido‚ Kyushu and Shikoku. Japan ranks number 10 in the world’s population and its main capital
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Universal Moral Wrongs and Relativism Lori-Ann Racki SOC120- Intro to Ethics and Social Responsibility Dr. Megan Reid November 12‚ 2012 Universal Moral Wrongs and Relativism In the article “Some Moral Minima”‚ Lenn Goodman argues that there are certain moral wrongs that are universal. He describes four areas he believes are areas of universal moral wrongs in detail. Morality has been an issue that many societies all over the world have
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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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experiments that indicate a worm can be engineered that will be 33% more successful at attracting trout & bass *Franchises in worm farming‚ higher supply | *Only sold through a catalog*Limited product lines*Market share is decreasing *No contracts for mass produced lures*Management Can be narrow-minded*Line workers think Managers are “old school” & tend to exhibit self-limiting behavior*No artificial bait*Worms cost more for consumers*limited suppliers | | Opportunities: | Threats: |
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Initial idea: Offer affordable sports equipment for children Products: − Used (second-hand) products − Surplus equipment from manufacturers and retailers Current situation (December 2007): − Demand has been growing steadily over the last years − The products are distributed to the U.S. customers through a single (and small) warehouse in St. Louis − The warehouse is leased on a year-to-year basis − The current network design‚ in particular the distribution network and warehouse
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