7 Principle of Supply Chain Management - 2892 Words

7 Principles of Supply Chain Management 1. Introduction Before we are to analysis this article, first let us clarify something before we start .In this article, it states the 7 principles of supply chain management and its importance in practical ,many of us must have a question, what is a supply chain management and why is it important for a company today ? Supply chain management (SCM) is the process that is used by a company to ensure that its supply chain is efficient and cost effective. They are aiming at provide the highest degree of customer satisfaction at the lowest possible cost through management of material and information flow in the supply chain .It requires the commitment of supply chain partners to work closely to†¦show more content†¦Now let’s take a look at Audi, one of the most successful car manufacturer in the world and how does the logistics network help them stand in the world. Audi outsource its logistics function to third-party logistics firms, so their manufacturing companies can focus their efforts on their core competencies and 3PL only needs to be efficient and effective to meet customers’ demands. In Audi Company, there are three new models for logistics network design with special focus on the perspective of 3PL companies. The objective of these new models is to increase the effectiveness of the resulting network design and the utilization of facilities in the network. 3 models of logistics network: †¢ Logistics network design with differentiated delivery lead time, †¢ Logistics networkShow MoreRelated7 Principle of Supply Chain Management2905 Words   |  12 Pages7 Principles of Supply Chain Management 1. Introduction Before we are to analysis this article, first let us clarify something before we start .In this article, it states the 7 principles of supply chain management and its importance in practical ,many of us must have a question, what is a supply chain management and why is it important for a company today ? Supply chain management (SCM) is the process that is used by a company to ensure that its supply chain is efficient and cost effectiveRead MoreSuperior Supply Chain Management Of Li And Fung Ltd1052 Words   |  5 PagesSuperior supply chain management in Li and Fung Ltd Li and Fung Ltd are a global supply chain management business based in Hong Kong. They are the world’s leading consumer goods sourcing and logistics company. Li and Fung Ltd have 5 steps they follow to be successful leaders in their field. These steps are, ‘We collaborate’ with our customers to meet their individual needs. ‘We Innovate’ and develop products and customize services for our customers. ‘We source’ our great products from supplies all aroundRead MoreSuppliers And Supply Chain Management1580 Words   |  7 PagesASSIGNMENT #1:Suppliers and Supply chain management Submitted by Vishnu Gandhamaneni Student Id: 30129773 LECTURER TUTOR: Mr. Gopi Krishna Akella â€Æ' Table of content 1.Abstract 3 2.Introduction 3 3.Basic principles of SCM 4 4.Advantages of SCM 4 5.Problems on SCM 5 6.Solutions of SCM 5 7.Case study description 6 8.Conclusion 8 9.References 9â€Æ' A Complete Study of Suppliers and Supply Chain Management in E-Commerce Vishnu GandhamaneniRead MoreSainsburys Supply Chain Transformation Case Study Examination604 Words   |  3 Pagesdecided to commence a project called 7-in-3 supply chain management project in late 2000. Companys Supply Chain Director, Martin White, summarized the 4 key principles of 7-in-3 supply chain strategy. Rises of automated fulfillment factories and primary consolidation centre. Due to Sainsburys competitor - ASDA is moving forward aggressively, Sainsburys top management noticed that ASDA has an information system that provided a more efficient supply chain. This system pleased customers, improvingRead MoreSupply Chain Standards For Supply Chains1564 Words   |  7 PagesSetting Supply Chain Standards to Improve Supply Chain Management In 2002 congress considered legislation authorizing $47 million to help develop supply chain integration standards. Since the introduction of the bill to integrate supply chains, The legislation, The Enterprise Integration Act of 2002, was enacted to authorize the National Institute of Standard and Technology to work with major manufacturing industries on an initiative of standards development and implementation for electronic enterpriseRead MoreMaterials Management Proposal1445 Words   |  6 PagesMaterials Management Proposal Laura Dean 2/7/2011 Materials Management Proposal Materials and operations management play a crucial role in the success of any organization. Of particular importance to the materials and operations divisions is management’s complete understanding of the hospitals functions as a whole entity. After reading this paper, one will understand the importance of materials management and operations management as well as how both departments must work together to ensureRead MoreThe article describes about the supply chain management and various activities and programmes800 Words   |  4 PagesThe article describes about the supply chain management and various activities and programmes involved in supply chain management. The author even explains different phases in the evolution of supply chain management. Mainly focuses on the 7 principals which bring host of competitive advantage to the company. Andersen consulting listed all the 7 principles and briefly explained them. The role of logistic professionals and the use of techn ology in the implementation of the system. The relation betweenRead MoreAnalysis Of Calls Supply Chain Nirvana1286 Words   |  6 Pages1. Develop a list of about five to eight key principles that management should follow to achieve what the author calls supply chain nirvana. In essence, serve as a supply chain consultant to top management of a firm which has definitely NOT achieved supply chain nirvana. Briefly explain the logic underlying each principle and, if relevant for a given principle, explain why many firms tend to violate that principle or fail to implement it successfully. Perhaps you are familiar with a particularRead MoreProcess Flow Supply Chain Management1528 Words   |  7 PagesRunning head: PROCESS FLOW: SUPPLY CHAIN MANAGEMENT PROCESS FLOW: SUPPLY CHAIN MANAGEMENT AND ELECTRONIC DATA INTERCHANGE (EDI) Clifford Butler Operation Management November 1, 2009 Table of Contents Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..4 The Internet-based supply chain system for mass customized markets†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..4 The role of electronic data interchange (EDI) and the Internet in supply chain integration..†¦...5 WhyRead MoreThe Impact of Human Resource and Operational Management Practices on Company Productivity: a Longitudinal Study790 Words   |  4 PagesArticle 1: The Impact of Human Resource and Operational Management Practices on Company Productivity: A Longitudinal Study Dana Cuffee BSA 523 Operations Management and Analysis August 31, 2009 Dr. Woo This article talks about human resource and the operational management practices on a company productivity. This paper reports on the study that evaluates the individual and collective impact on manufacturing performance of the seven managerial practices most associated with

Advanced Economics (A Case On Mobile Phones)

Question: Discuss about the Report on Advanced Economics (A Case On Mobile Phones)? Answer: Introduction: Mobile phones are a potent brain child of engineers. It has made the world a single place. To communicate via mobile was a conspicuous economic behavior at the advent of mobile phone technology. Before 1995, the telecommunication sector was dominated by landline phones. But slowly and steady, the mobile communication system carved a niche for itself in the telecommunication sector. So, initially the mobile firms gained a financial leverage for their products. It may be noted that the landline started out as a monopoly. But the mobile phone industry has an oligopolistic market structures with a few market players. The firms of the mobile industry have a slightly differentiated service. There are barriers to entry the mobile market. Irrespective of age, almost every one possesses a mobile phone. Each firm in the oligopolistic mobile market has a tacit relationship. This is in order to maintain a profit margin. Ever since its inception, the market for mobile phone was very concentrated. The first ever mobile handset was made by Motorola. On 1st July, 1991, Nokia devised mobile phones using the GSM system. The market leader in the mobile phone industry was Nokia (Finland) in around 90s. Nokia had a monopoly for a significant time period. This was because the market demand was much higher than the target market. But normal mobile phones were transformed into smartphones that started around 2007. As Apple introduced the iPhone, smartphones were popularized. Apples forte was its application section. The output was higher and the usage of personal resources was lower. Apple was thus, allocatively efficient. Later in October, 2008, T-Mobile G1 devised the first ever android. So, Nokias monopoly broke down to duopoly. So, the main players that emerged in the market were Nokia, Motorola, Samsung and Apple. Nokia still maintained its position as the market leader. Nokia targeted the middle income group with its affordable mobile phones. Thus, Nokia enjoyed economies of scale. The marginal costs of mobiles were highly condensed. Thus, this allowed Nokia to sell its mobile handsets at an acceptable cost price. Thus, the price elasticity of demand for Nokia phones was relatively elastic. Nokia also promoted its phone as a normal good which was income elastic: thus, this normal good attracted consumers from various income groups including the lower income group. But until the early 90s, mobile phones were a luxury commodity. Micro economic models: Supply and demand: The case with mobile handsets was that, the demand was greater than its supply over a time period (Hubbard, O'Brien and Sharma, 2013). This means: The demand curve gets shifted towards the right. The supply remains unchanged. Shortage sets in (Hubbard, O'Brien and Sharma, 2013). This induces higher equilibrium price. Demand: Demand schedule for cell phones: Price ($) Cell phones (million) 270 20 240 40 210 60 180 80 150 100 120 120 90 140 60 160 30 180 Shifts in demand curve due to increase in demand of cell phones: Supply schedule for cell phones: Price ($) Cell phones (million) 20 30 40 60 60 90 80 120 100 150 120 180 140 210 160 240 180 270 Shifts in supply curve: Market equilibrium: The market state where demand in a market equals the supply in a market is the market equilibrium. The corresponding quantity is the equilibrium quantity. The corresponding price pertains to the equilibrium price. It is also called the market-clearing price. Here, the quantities supplied and quantities demanded are equal (King, 2012). Thus, market equilibrium is a state where the tendency to change prices is not there. Surplus Shortages: The equilibrium price is A. The equilibrium quantity is Q. Thus, at A, quantity demanded=quantity supplied. At price B; suppliers would supply larger amounts of cellphones than the consumers demand. At C, suppliers would supply fewer amounts of cellphones than the consumers demand (Miller, 2012). Thus, at B, there is surplus. The surplus creates forces among the competitive suppliers. They will cut their prices. These forces shall push down the price to A which is the equilibrium level. Point C exhibits shortage. Thus, the competitors will hike the price of their products. This hike is due to shortages and competition among the buyers (Miller, 2012). Mobile phones and the evolution of the market structures: Apple monopolized both the product for smart phone operating system using iPhone iOS. Nokia monopolized in the second generation mobile handset (Miller, 2013). But these monopolies broke down to oligopoly when some other players like Samsung, Ericsson LG entered the market. All of them are not always price takers. But the rivals prices effects their revenue. Price discrimination the mobile phone industry: The initial mobile market had players like Nokia or Apple for various time periods. And they monopolized the markets in their own lights (Miller, 2013). They charge higher prices due to increased demand and shortage. They practice first degree price discrimination. Thus, they gained super normal profits. The UK mobile industry has six players viz. Vodafone, Orange etc (uSwitch, 2015). Consumer heterogeneity induces price discrimination in the market for mobile phones. These mobile operators charge various prices in the EU countries. This is first degree discrimination (Parkin, 2012). Different roaming charges are also a type of price discrimination. Also each operators charge different prices when consumers call to other networks. Tariff proliferation is done to retain the consumers. Opportunity costs: The differences between the firms revenues and its opportunity cost are the economic profits. Firms do not need to earn any profits at all to be eager to stay in the market (Sloman, Wride and Garratt, 2012). A firm can cover its opportunity cost if resources are used in a best alternative use. Opportunity cost and consumers: The mobile industry is oligopolistic in nature. Thus, consumers can make choices for the products they need. Decisions involving a choice between some options has the opportunity cost (Wessels, 2012). Macroeconomic objectives: Unemployment: Data of mobile phones can present insights to the levels of employment (Onita, 2015). This is because the communication pattern of consumers changes when they are unemployed. Data scientists choose a European plant which subjected to redundancy. The redundant employees number of calls fell by 51%. Their incoming calls are fewer. They also make fewer calls (Onita, 2015). Inflation: Mobile operators have substantially increased their rates in UK as per RPI (Ken's Tech Tips, 2014). As people have more demand, firms take the opportunity to hike prices and attain maximum revenue. (Appendix 1) GDP, growth: Mobile industry is 2% of the world GDP (Sharma, 2015). In both developed developing economies, mobile industry is continuously offering unprecedented growth. The mobile communication services have become a pivotal part of how an economy functions and works. The economies having higher level of data usage (3G) have experienced increase in their GDP at 1.4%. In developing economies a 10% expansion in the mobile penetration hikes productivity by 4.2% in the long run. GDP increase by 0.15% if a 10% increase in 3G penetrations rises (Williams, 2015). Critical evaluation: Mobile phones have become a necessity. It connects the world to a single place. But mobile companies have exploited consumers when initially there were monopolies. They extracted all the consumers surplus. Now, they have evolved to oligopolies. But still practice price discriminations. The firms are targeting the middle income group. They are slashing their prices and including new features. Thus, large portion of a population have access to mobiles. Usages of mobile all pose threats to the human body and the environment. Anti-social activities are also planned and worked out via mobile technology. The recent falls in prices of mobile is due to competition among the oligopolists. All want to earn revenues and create a larger customer base. Initially the demand was high, so firms set higher prices and created shortages. But now consumers can choose from varieties of mobile with new features and designs. No matter what the prices are, for consumers mobile has become a necessity. Even i f inflation sets in, people will consume. Reference: Hubbard, R., O'Brien, A. and Sharma, A. (2013). Economics. Harlow: Pearson Education. Ken's Tech Tips, (2014). Mobile Contracts 'Retail Price Index' (RPI) Price Changes. [online] Available at: https://kenstechtips.com/index.php/mobile-contract-rpi-increases#What_is_RPI_Inflation [Accessed 25 Aug. 2015]. King, D. (2012). Economics. Oxford: Oxford University Press. Miller, R. (2012). Economics today. Toronto: Pearson Canada. Miller, R. (2013). Economics today. [S.l.]: Prentice Hall. Onita, L. (2015). Mobile phone usage shows when people are unemployed - E T Magazine. [online] Eandt.theiet.org. Available at: https://eandt.theiet.org/news/2015/jun/phone-usage-unemployment.cfm [Accessed 25 Aug. 2015]. Parkin, M. (2012). Economics. Boston: Addison-Wesley. Sharma, C. (2015). Mobile Industry is Now 2% of the World's GDP, Analyst Reports. [online] Readwrite.com. Available at: https://readwrite.com/2011/07/07/mobile_industry_is_now_2_of_the_worlds_gdp_analyst [Accessed 25 Aug. 2015]. Sloman, J., Wride, A. and Garratt, D. (2012). Economics. Harlow, England: Pearson. uSwitch, (2015). Mobile Phone Networks - UK Mobile Networks and Mobile Phone Companies. [online] Available at: https://www.uswitch.com/mobiles/networks/ [Accessed 25 Aug. 2015]. Wessels, W. (2012). Economics. Hauppauge, N.Y.: Barron's Educational Series. Williams, C. (2015). The impact of mobile telephony on economic growth | Deloitte UK. [online] Deloitte United Kingdom. Available at: https://www2.deloitte.com/uk/en/pages/technology-media-and-telecommunications/articles/impact-of-mobile-telephony-on-economic-growth.html [Accessed 25 Aug. 2015].

College Application Essay Examples - Use Online College Essay Samples

College Application Essay Examples - Use Online College Essay SamplesCollege application essays, whether in the form of research papers or college-level essays, need to stand out above the rest. However, even more than that, they need to be written by the author and not by some college writing class that he or she took in school.If your writing skills are not where you want them to be, it can be discouraging to see all of the great writing samples that you have access to. The good news is that there are many good college essay samples up on the internet that can be easily used.These online college application essays will help you write the best essay possible and include different techniques. Some are less formal, but still effective. You will want to take some time and really analyze the different essay topics before you begin.An upenn college essay writing sample will give you plenty of ideas for topics. If you are struggling with the subject matter or find it difficult to write a good essay, these topics can help you. There are also easy ways to learn how to write essays for colleges without any formal education.Your good old college essay samples will help you know what to write and how to write it. These will teach you how to make a strong argument and to connect your thoughts together. This is crucial to getting your thoughts across properly and to the reader.Another thing you will get from an open college essay sample is tips and techniques for writing research papers. This is great advice if you think that writing a thesis is a little beyond you. If you are having trouble coming up with questions to ask your topic or with getting your thoughts straight, this article will help you.It is important to remember that making a good college essay is about learning how to communicate properly. By practicing using various styles of writing, you will be able to use the essay that is most suitable for your purpose. It can also help you avoid certain types of essay s that other people may find tedious.If you are looking for a resource for essay writing, you need to look no further than your upenn college application essays. You should be prepared to spend lots of time and effort on your college application essay. Learning from the mistakes you make will help you avoid having to make the same ones in the future.

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Consistency in Ending a Paragraph With a Conclusion

Consistency in Ending a Paragraph With a ConclusionConsistency is the key to an effective conclusion sentence. It should be used sparingly but when used, it should be strong enough to leave the reader wanting more. The whole point of a conclusion sentence is to end the narrative on a positive note, give the reader something they can look forward to in the future. If the conclusion sentence begins with an introduction of the topic, then it's most likely only a second-hand summary of what was already said in the main body of the piece.With that in mind, let's take a look at some examples of how to end a paragraph with a conclusion. While you don't want to use the same formula every time, this will give you a good starting point to use throughout your writing. Hopefully you'll find these samples useful and apply them to your next piece of writing.A: 'Consistent with our prior findings, the results suggest that therapeutic hypnosis is unlikely to be successful for people who have undergo ne mild to moderate hypnosis.' This conclusion is perfectly balanced between the two views. The introduction states that many people question the validity of hypnosis, whereas the conclusion reiterates that hypnosis may not be for everyone. As the conclusion points out, hypnosis can be dangerous, but that the risks are outweighed by the rewards. The conclusion sentence is also appealing and ultimately invokes the reader to try out hypnosis for themselves, thus leaving them interested in what comes next.B: 'Four people had been diagnosed with depression after completing the application process. One of the people was an individual who had not attended any workshops or taken any hypnosis courses.' In this example, the author has removed any semblance of hype and simply states what has been found. There is no need for an intro, since we know what has been stated.C: 'Conclusions that seem too simple and obvious, such as 'tomorrow the group will continue to work together,' can leave reade rs in a state of confusion. If a conclusion begins with a title or introductory statement, be careful not to overuse it. For example, in the final paragraph of this sentence, a conclusion sentence is unnecessary. Instead, the author uses an introduction to direct the reader to the next section.D: 'The final paragraph of this article contains a conclusion sentence that is heavily dependent on an introduction and a subheading. Since there are not any 'wins' in this paragraph, the conclusion sentence works perfectly well. The final paragraph is an outline of the experience of using hypnosis.E: 'It is important to make sure that a conclusion sentence is able to contain itself, otherwise it loses its purpose.' I like this example because the writer does not define the goal of the article, so instead he provides a short description and the conclusion sentence are left open ended.In conclusion, consistency is important in ending a paragraph with a conclusion sentence. Use it sparingly, but it can be a great tool in developing a better sense of writing and in building interest in your writing.

Unanswered Issues With Personal History Essay Samples Revealed

Unanswered Issues With Personal History Essay Samples Revealed A factual narrative is one which is based on. Convey to our industry experts what sort of research enable via the internet you would like to get. Thus, when conducting your research, you should be aware the authors of the material. Nelson Mandela's individual history serves as an important bit of the puzzle. There are a lot of reasons why Christianity flourished in the period between the conclusion of the very first century and Diocletian's Great Persecution at the onset of the fourth. History is the records of previous events at unique places. Come back to your introduction. Please be aware this booklet cannot cover all you want to understand about historical writing and research. If you would like excellent paper essay examples, reach out to us here today and we're going to do our very best to give you the most suitable help. It isn't surprising that my grades started to drop and I became depressed. From time to time, you'd be required to compose academic essays for your school assignment. More than the period in your tutorial vocation, you might be asked for to compose many essays and papers on many subjects, based on the instruction routine. Across the duration of somebody's instructional profession, you may be questioned for to compose a number of essays and papers on numerous matter aspects, in compliance with the coaching schedule. Therefore, nobody can discover that you buy a history essay sample from us. In any case, adequate research and knowing of the material also play a critical role in writing an excellent essay. Just because of the fact there are alternate choices for what to put in writing about, additionally, you'll locate distinctive methods of approaching an audio essay. After having an ideal beginning to the history essay, now you've got to handle the body of the essay. The principal idea of someone's complete essay will likely be your thesis assertion. Every section of an essay is essential, but the very first paragraph is critical. Think what you would like to convey through your essay and concentrate on delivering it. You've been set your very first essay and you're not clear about these requirements. The suggestions above is pertinent to coursework essays. A thesis statement is a brief sentence that states what your essay will cover. It makes a specific statement to the reader about what you will be trying to argue. The Chronicles of Personal History Essay Samples In excess of the period inside your tutorial job, you're likely to be asked for to compose plenty of essays and papers on a lot of subject areas, based on the education routine. In summary, you should ready the reader psychologically that you're coming to a finish through good transition words that imply you're ending. The conclusion is the overview of the more important points within the body. You may want to answer the question as directly as possible, and you are going to want to follow word limits exactly. More important is that you demonstrate your knowledge of the question collection. The Introduction comprises the crucial facts which are going to be shown in each paragraph. Quite simply, you've got to believe very carefully about the question you are requested to answer. The questions may look the exact same but your answers must differ.

Essay Scholarships Samples Free at a Glance

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