International Supply Chain Management - 4274 Words

INTERNATIONAL SUPPLY CHAIN MANAGEMENT – BSB20123-7 Written Examination Stimulus Material Case Study – IKEA About IKEA Since its 1943 founding in Sweden, IKEA has offered home furnishings and accessories of good design and function at low prices so the majority of the people can afford them. IKEA’s vision is to: â€Å"Create a better everyday life for the many people† Its business idea is To offer a wide range of well designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them The IKEA concept is based on their market positioning statement â€Å"Your partner in better living. We do our part, you do yours. Together we save money† and focuses on a commitment to product design, consumer†¦show more content†¦IKEA buys production capacity rather than product quantities. In other words, they order 10,000 hours of production from their suppliers rather than 10,000 bookcases. Local offices near to the suppliers The operative purchasing work is divided up among four trading agents, supported by 31 trading s ervice offices in 26 countries. This means that IKEA is always close to its suppliers, which is one way of creating good business relations between the companies involved. The trading service office’s employees can make frequent visits to suppliers and follow the production process closely, enabling new ideas to be tested and regular quality controls to be made. They are also responsible for the important task of monitoring working conditions, social conditions and the external environment around the factories, and for checking that these are constantly being improved in accordance with the code of conduct in The IKEA Way on Purchasing Home Furnishing Products (see Appendix 1). The suppliers, in turn, can have confidence and faith in IKEA. While IKEA know they are a demanding customer, they also feel that they are fair, professional and honest in their dealings. China – number one on the IKEA purchasing list Today the majority of IKEA products (66%) are purchased from manufacturers in Europe. However, the largest single country for purchasing is China. Top 5 purchase countries †¢ China 18% †¢ Poland 12% †¢ Sweden 9% †¢ Italy 7% †¢ GermanyShow MoreRelatedInternational Supply Chain Management Case Study Essay1463 Words   |  6 Pages 4.782 international supply chain management Case Study Wang anqi 20142345 Word Count: 2641 Introduction Late accentuation on worldwide environmental change is expanding weight on automotive executives to make the right decisions in many areas to settle on the right choices in numerous zones, including RD and assembling. Shiv industry is the automotive parts industry face challenges from the lower end competition comes from the unorganized sector and the higher end of technologyRead MorePursuing and International Career in Logistics and Supply Chain Management1924 Words   |  8 Pagesand Supply Chain department for past four years. I appreciate this opportunity to introduce myself to the admission committee and to apply for Management Engineering Laurea Magistrale at esteemed Politecnico di Milano. I believe my educational and professional background will enable me to make a strong contribution for the research and coursework carried out for the Master’s degree. This academic objective is a natural step towards my ultimate professional ambition of pursuing international careerR ead MoreGlobalization of Supply Chain Management1422 Words   |  6 PagesConclusions The globalization of supply chain management is the natural outcome of today’s expanding consumer markets as companies struggle to meet the dynamic needs of growing markets and new customer segments. It has led to a high degree of specialization under an ever-expanding world market. People with special skills can work with little overheads and market globally. Small companies can flourish. Introduction The pace of globalization on the supply chain continues to foster opportunitiesRead MoreLi Fung1747 Words   |  7 PagesThe goal of effective supply chain management is to gain competitive advantage through optimizing flows within the enterprise. The Hong Kong listed company Li Fung Ltd represents one of the world s best examples of achieving this goal. The company financial history clearly tells that story. Just last year, LF saw profit attributable to shareholder increase by 23%. In fact, over the past 14 years, LF has seen steady compound annual growth rate of 22%. Not bad performance for a small familyRead MoreReducing Complexity Levels Within Supply Chain Management1410 Words   |  6 PagesReducing Complexity Levels Within Supply Chain Management Supply chain management (SCM) practitioners are often asked to discuss the top challenges they face in today’s business environment. Since change is constant, the challenges experienced today will at some point change over time. Over all, when taking into consideration all the challenges found in today’s SCM environment, one may wonder how it is possible to effectively and efficiently manage activities within a complex SCM. The answerRead MoreCase Study : Supply Chain Management1344 Words   |  6 PagesTo succeed in today’s competitive markets companies must learn to align their supply chains with the demand of the markets they serve. Supply chain performance is now a distinct competitive advantage for companies who excel in this area. Supply Chain Management(SCM) is defined as a set of approached 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 time in orderRead MoreAn Empirical Analysis Of Supply Chain Risk Management1692 Words   |  7 PagesHoenig in the paper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk management was the motivation of this work. In this paper, theRead MoreKey Term : Just For Time Productions Or Systems1198 Words   |  5 Pagesavailability of the production system. Th e idea of manufacturing goods in a systemic process comprised of balancing inputs and outputs across the value chain involve Just-in-time productions or systems. This production system incorporates a philosophical approach to integrated productions plans and schedules that are fluid enough to continuously adjusts with supply and demand variables in real time. This high-level of production and coordination in manufacturing can only be reached with an understanding ofRead MoreAirline And Trucking Fleet : Ups1047 Words   |  5 Pagesfreight across vast oceans. This global network provides customers with supply chain flexibility and increases supply chain surplus for UPS. Leading-edge Technology: UPS develops and implements proprietary logistical software technology that increases supply chain functionality and improves logistics management internally and externally. For customers, UPS software allows clients to send, track, and manage packages and supply chain partners. For internal clients, UPS has developed a wide range of efficiencyRead MoreDistribution Systems: Concentrated Clustering812 Words   |  4 PagesClustering | Case Assignment - Module 2 | Jaime 10/30/2012 | The Core of Concentrated Clusters Since the definition of supply chain management is, the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer, it only makes sense then that placing each part of the supply chain in close proximity to one another makes for easier oversight. (Rouse, 2010) This is the basis for the clustering theory. (DeWitt

George Orwells Sinners In The Hands Of An Angry God The...

As famously written by George Orwell, â€Å"Big Brother is watching you.† In the eyes of the Puritans, God is the â€Å"Big Brother† watching over them in their mission to become the â€Å"city upon a hill.† They devote themselves to pleasing Him, eventually becoming obsessed with their status as the paragon of a Puritan society. However, as their ideologies become increasingly restrictive, their tolerance of misconduct decreases, and their utmost faithfulness ultimately leads to their untimely destruction. While John Winthrop, the governor of the Massachusetts Bay Colony, delivers â€Å"A Model of Christian Charity,† laying out the societal expectations of Puritans, Jonathan Edwards in â€Å"Sinners in the Hands of an Angry God† aggressively warns the Puritans†¦show more content†¦Because of their sudden influx of authority after decades of deprivation, they abuse their newfound supremacy in the witch trials. Women are considered to be in struments of Satan and more susceptible to sinning, and â€Å"Puritan customs tended to discourage such legacies† of an independent woman because it is â€Å"an affront to the social order† (Shapiro). Therefore, they are deprived of authoritative positions, and when they â€Å"suddenly gain access to an authority as absolute as that which had previously subordinated them,† the young girls abuse their power following the unpredicted increase of authority they gain after decades of prejudice (Miller xvii). In essence, the significant gap in sovereignty between men and women causes corruption due to the girls’ tendency to abuse power. Moreover, as a result of â€Å"minding other people’s business,† a common practice promoted by the religious radicals, betrayal and disunity become widespread in the community (Miller 4). As a consequence of forced obedience, the restricted lifestyles the citizens carry in fear of losing their purity limit the sou rces of joy and entertainment they can get. They turn to exposing the wrongdoings of their neighbors to find a thrill in their uneventful lives. Although the citizens believe it is morally right to denounce their friends and family, it stirs up chaos, as â€Å"neighbor accordingly looked on neighbor with some suspicion† which worsens until there is no trust within the

Essay on The Consuming Habits Of Lgbt Individuals Essay Example For Students

Essay on The Consuming Habits Of Lgbt Individuals Essay New Question: Is there a link between the consuming habits of LGBT individuals, given the wide acceptance of their lifestyle?On June 26, 2015 Gay marriage was legalized, marking a monumental and historic moment in history. Nowadays you see and hear through all different forms of media about being gay lesbian bi-sexual and/or transgender. A cultural shift is occurring in society today bringing the LGBT conversation to the forefront in media. In the political arena, LGBT equality issues are continuously in debate. In pop culture, there are now more positive representations of LGBTs as demonstrated by two popular TV shows ‘Glee’ and ‘Modern Family. ’ Being homosexual and expressing your sexuality is very predominated in today s society. Given that being gay or lesbian is now normalized many companies are trying to capitalize on it. Therefore, I believe there is a link between the consuming habits of the LGBT community due to more companies trying to advertise to them through advertisements via different platforms of media.Explanation on the shift of the gay market. Each year companies spend millions of dollars trying to advertise their product to consumers especially now to their homosexual customers. Companies have now set up divisions within the companies with it sole purpose is to focus on LGBT marketing. LGBT marketing also known as â€Å"Gay marketing† or â€Å"gay and lesbian marketing† refers to advertising campaigns designed to appeal to gay male and/or lesbian consumers† The term gay market can be explained as advertising aimed at more directly gay male and lesbian females. The gay market has been part of a major shift of the entertainment and advertising industry especially with the last 30 years. Advertising to LGBT people. . business did not only decrease by those in the LGBT community, but by supporters of this cultural shift. In the event that yes, as time goes on the need to consume increase, however, depending of how the product is advertised is the leading factor on if the product gets brought or not. Those who need how to sale their product and know who and when top sale it to are the companies benefiting from the most profit growth. So when it comes down to it, the driving force is the advertisement. Overall, the idea behind gay marketing is to market into those who companies may not normally think of when they want to advertise a product. But with time, minor and major companies saw an opportunity to increase business and brand loyalty. The fact that these companies spend time and money to create company divisions whose sole purpose is to focus on advertising to homosexuals.