* Value Analysis is a step by step approach to identify the function of a product‚ process‚ system or service; * To establish a monetary value for that function and then provide the desired function at an overall minimum cost without affecting any of the existing parameters like Quality‚ Maintainability‚ Productivity‚ Safely and other performance characteristics. Importance * Value analysis helps the employees to better understand their jobs. * Value analysis reduces the cost of the
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Michael Porter’s Value Chain History of Value Chain • Popularized by Michael Porter’s book best seller “Competitive • • Advantage” 1985 Creator of “5 Forces model” Helped Gereffi in the late 1990s develop Global Value Chain. Michael Porter’s Background • Born May 23‚ 1947 in Ann Arbor‚ Michigan • Received MBA in 1971 Harvard Business School • Competition and company strategy • 6 time winner of the McKinsey Award Value • The Value is the extent to which a good or service is perceived by
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philosophy behind supply-chain management and the specific practices that Li & Fung has developed to reduce costs and lead times‚ allowing its customers to buy "closer to the market." Li & Fung‚ Hong Kong ’s largest export trading company‚ has been an innovator in global supply-chain management. Li & Fung has also been a pioneer in "dispersed manufacturing." It performs the higher-value-added tasks such as design and quality control in Hong Kong‚ and outsources the lower-value-added tasks to the best
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internally finance expansion & development without cost of capital(32) | B- HUMAN RESOUCE MANAGEMENT:- 1) Selective Hiring Process facilitates finding and attracting valuable talent(36) 2) Generous Employee Benefit Programs helps in retaining industry leading talent(35) | C- TECHNOLOGY DEVELOPMENT:- (1) Extensive Patent Filling allows protection of important inventions and innovations in US and worldwide.(32) | D- PROCUREMENT:- (1) Positive relations with suppliers. EICC member ‚ working
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Industry Analysis Before starting a new business‚ it’s important to do a several research about the industry‚ in which we would like to enter. The principal things at which we need to have a look are: entry barriers‚ supply and distribution‚ technological factors‚ seasonality‚ economic influences and regulatory issues. Entry barriers The initial investment in the hotel industry creates quite a barrier to entry but certain barriers to entering the hotel market are reduced by the internet. A presence
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1. Industry Analysis (80%) The five force analysis is one of the most recognized frameworks for the business strategy. Porter‚ the guru of modern day business strategy‚ used theoretical frameworks derived from Industrial Organization economics to derive five forces which determine the competitive intensity and therefore attractiveness of a market. As Porter’s 5 Forces analysis deals with factors outside an industry that influence the nature of competition within it‚ the forces inside the industry
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Quantitative Analysis… for football managers By Jasvin Josen In the heat of the world cup it is worthy to reflect on how football has impacted the financial world and what it could mean for the future. The amount of money generated by the football industry grew exponentially in the late 1990s and early 2000s‚ and has been steadily growing since. Record-breaking financial deals have been negotiated between football clubs and players they sign. With the fast moving pace of the industry‚ clubs and
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Role of value creation in the Indian Industry V.YUVARANI‚ II-MBA PAAVAI COLLEGE OF ENGINEERING‚Namakkal. ABSTRACT Background: The Indian economy is widely believed to have moved into its next phase of sustainable growth rate of 8-10%. The last five years have seen an unprecedented value creation in Indian stock markets. Aim: This study
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and Chemical Engineering 29 (2005) 1225–1235 Process industry supply chains: Advances and challenges Nilay Shah Centre for Process Systems Engineering‚ Department of Chemical Engineering‚ Imperial College London‚ London SW7 2AZ‚ UK Available online 12 April 2005 Abstract A large body of work exists in process industry supply chain optimisation. We describe the state of the art of research in infrastructure design‚ modelling and analysis and planning and scheduling‚ together with some industrial
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SUPPLY CHAIN MANAGEMENT IN RETAIL FOOD INDUSTRY TABLE OF CONTENTS Chapter - 1 Introduction…………………………….…………… ……………………7 Chapter - 2 2.1 Objective…………………………………….………..…………………….9 2.2 Scope of the Study ……………………………….……..………………….9 Chapter – 3 Limitation…………………………………..………….………………....10 Chapter - 4 4.1 Industry Profile……………………………………………...…..………...11 4.2 The Indian Retail Revolution……………………………………..……….20 4.3 Traditional and Modern Retailing: The Indian Story……...………………22
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