Value Chain Vs. Supply Chain Value Chain versus Supply Chain Value chain is a systematic approach to examine the development of competitive advantage and it consists of a series of activities that create and build value. In addition‚ it categorizes the generic value-adding activities of an organisation. The supply Chain key areas of concerns are forecasting‚ purchasing‚ production planning‚ warehousing and distribution; In addition‚ manufacturing of the product and its distribution. Additionally
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Supply Chain Management Network Design and Facility Location Classical Theories von Thunen Agricultural activity occurs in a “limitless plain of equal fertility” with a city in the middle Theorized that: City price = origin price + transport costs Transport costs = f {weight & distance} As a result Products having high weight/value ratio should be produced near the city (see next slide) Other Contributions Land values decrease as move from city More intense land utilization near
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The Triple-A Supply Chain Key ideas from the Harvard Business Review article By Hau L. Lee The Idea in Brief The holy grails of supply chain management are high speed and low cost--or are they? Though necessary‚ they aren’t sufficient to give companies a sustainable competitive advantage over rivals. Consider these disturbing statistics: Though U.S. supply chains became significantly faster and cheaper between 1980 and 2000‚ product markdowns owing to excess inventory jumped from 10% to 30% of total
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Assignment Sheet for Case Study: Negotiation - Porto This case is written by the authors of your textbook‚ Purchasing and Supply Chain Management‚ but may have been edited for our use in this course. This is a TEAM assignment. Read and discuss this mini-case and answer the 5 questions at the end of the case. In this manner‚ you will develop a negotiation plan for the buyer. The very best way to approach this team case is to work on all aspects (each question) of this case together. If you
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reliability with and without response bias’’‚ Journal of Applied Psychology‚ Vol. 69 No. 1‚ pp. 85-98. DeVellis‚ R.F. (1991)‚ Scale Development: Theory and Applications‚ Sage Publications‚ Newbury Park‚ CA. Drejer‚ A.‚ Blackmon‚ K. and Voss‚ C. (1998)‚ ``Worlds apart? ± a look at the operations management area in the US‚ UK and Scandinavia’’‚ Scandinavian Journal of Management‚ Vol. 16‚ pp. 45-66. Eisenhardt‚ K.M. (1989)‚ ``Building theory from case study research’’‚ Academy of Management Review‚ Vol. 14
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Summary This report is mainly to determine the most appropriate country for a “foreign direct investment (FDI)” of ABC Company. This report chooses from China and Japan as two alternative options for ABC Company’s FDI and analyzes the investment environment so as to understand the advantages and disadvantages of investing in the two countries. It also identifies the most suitable international strategy for entering the foreign market. ABC Company is a large British Manufacturer. Due to the economic
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What Is the Right Supply Chain for Your Product ? Article by Marshall L.Fisher INTRODUCTION • Marshall L.Fisher is the Stephen J.Heyman Professor of Operations and Information Management and co-director of the Fishman-Davidson Center for Service and Operations Management at the University of Pennsylvania’s Wharton School in Philadelphia. • His current research focuses on how to manage the supply of products with hard-to –predict demand. Devising the Ideal Supply-Chain Strategy • According
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PRINCE2 are: * focus on business justification * defined organization structure for the project management team * product-based planning approach * emphasis on dividing the project into manageable and controllable stages * Flexibility that can be applied at a level appropriate to the project. Figure 1: The knowledge areas and processes of the Project Management Institute ’s Guide to PMBOK PMBOK PMBOK is an acronym for Project Management Body of Knowledge. It is a collection
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The Importance of Supply Chain Management Supply chain management (SCM) is very important and effective to all companies. David Simchi-Levi‚ Philip Kaminsky‚ and Edith Simchi-Levi defines supply chain management as “a set of approaches utilized to efficiently integrate suppliers‚ manufacturers‚ warehouses‚ and stores‚ so that merchandise is produced and distributed at the right quantities‚ to the right locations‚ and at the right time‚ in order to minimize systemwide costs while satisfying service
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Exercise: 1 Objectives: 1. View and record data from sample MM‚ 2) Create new MM for finished and semi-finished part‚ and raw materials. Deliverables: 1) Record observed data where requested‚ 2) Screen captures where requested‚ 3) record configuration data (Task 4‚ step 10)‚ and 4) answers to discussion questions. Task 1 – View sample MM and collect data. 1. In the Display Material T-F101 (Finished Product) screen view and record the following data: EMBED YOUR DATA INTO THE DELIVERABLE DOCUMENT
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