...Economic Analysis The Memphis Grizzlies and The FedEx Forum Bill Madigan Southern New Hampshire University Abstract Economic impact is generated by the continuous operations of the FedEx Forum facility and by the daily operations of the Memphis Grizzlies. Additional impact is generated by the spending of visitors who come to Memphis for the sports and other entertainment events held at the FedEx Forum throughout the year. Visiting NBA teams also spend money which has direct impact on Memphis and Shelby County. Each year numerous events are held at the FedEx Forum and they bring in out-of-county visitors to Memphis and Shelby County. This impact is also a key point in the revenue generated for the area. In 2009/2010 the revenue generated by the Memphis Grizzles and other entertainment was about $223 million. The total number of jobs brought in by the Memphis Grizzles and the FedEx Forum is close to 1,534. This includes the jobs employed directly by the two entities and jobs that exist throughout the county that assist in visitors who come to the area. When discussing the economic there are many facets to look at besides jobs and income. The business plan of the Memphis Grizzles is Fans First. They do a tremendous job taking care of the fans and in return have seen a tremendous growth in ticket sales. Full Season Ticket sales for 2013-14 increased by over 20%. They have sold out 17 consecutive home playoff games. Corporate renewal rate is well over 90 percent. They...
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...SURFACE OPERATIONS MANAGEMENT SURFACE MANAGEMENT SYSTEM FedEx is the world’s largest airline in terms of aircraft and freight tons flown, delivering time-sensitive packages and cargo to more than 375 destinations in over 220 countries each day. Located at Memphis International Airport (MEM) in Tennessee, FedEx ’s global hub is the nerve center of one of the most complex, fast-cycle logistics operations today. THE CHALLENGE Every week, more than a thousand flights deliver cargo to FedEx’s automated, stateof-the art, package-sorting system at MEM. FedEx has two main arrival/departure banks, one during the day and one at night. Each weekday, approximately 100 FedEx flights arrive between 7 a.m. and 1 p.m., departing again between 2:30 p.m. and 4:30 p.m. after all packages have been sorted. The fast-cycle logistics push is even more compressed at night, when more than 150 flights arrive between 10:30 p.m. and 1 a.m., departing again between 2:30 a.m. and 4:15 a.m. A delayed FedEx arrival into MEM may cause packages from that flight to miss the sorting process and thus miss its scheduled departure. Further, a delayed departure disrupts operations at the destination, resulting in additional couriers, employee overtime and other related costs. The cost of delays to a FedEx flight is significant, as it includes package delay fees that are much higher than fuel and crew costs alone. With no direct insight into Memphis operations, FedEx ’s Global Operations Control (GOC) had to monitor frequencies...
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...personal appeal from Wikipedia founder Jimmy Wales Read now Close FedEx From Wikipedia, the free encyclopedia (Redirected from Fed Ex Corporation) Jump to: navigation, search "Federal Express" redirects here. For the passenger train, see Federal Express (passenger train). "Fed Express" redirects here. For the tennis player with this nickname, see Roger Federer. FedEx Corporation FedEx Corporation logo.svg Type Public Traded as NYSE: FDX S&P 500 Component Industry Courier Founded Little Rock, Arkansas (1971) as Federal Express Corporation Founder(s) Frederick W. Smith Headquarters Memphis, Tennessee, U.S. Area served Worldwide Key people Frederick W. Smith (Chairman, President & CEO) Products Post delivery, express mail, freight forwarding, third-party logistics Revenue Increase US$ 39.3 billion (2011)[1] Operating income Increase US$ 2.37 billion (2011)[1] Net income Increase US$ 1.42 billion (2011)[1] Total assets Increase US$ 27.3 billion (2011)[1] Total equity Increase US$ 15.2 billion (2011)[1] Employees 290,000 (2011)[1] Subsidiaries FedEx Office, FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom Critical, FedEx Supply Chain, FedEx Trade Networks, FedEx Services Website www.FedEx.com FedEx Corporation (NYSE: FDX), originally known as FDX Corporation, is an American global courier delivery services company headquartered in Memphis, Tennessee.[2] The name "FedEx" is a syllabic abbreviation of the name of the company's original...
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...The case study of 3PL: FedEx Supply Chain Solution Sharon Kuo Silver Lu RA7951021 RA7951055 Jon Dickerson RA6967118 Content Introduction_3PL Current 3PL market A case: FedEx Supply Chain Solution Introduction and express service Logistics Distribution Centre Operations Integrated Information Technology Introduction _3PL Definition Relationship between a shipper and third party with customized offerings Encompasses a broader number of service functions by a long-term and mutually beneficial relationship. Typically specialize in integrated warehousing and transportation services (By Alfrick and Calkins, 1994 and P. Murphy and R. Point, 2000). Main goals of 3PL Improve service levels Reduce costs Four categories of 3PL provider High Service developer Offers advanced value-added services such as: tracking and tracing, cross-docking, specific packaging, or providing a unique security system. Focus on IT and Economies of Scale Customer developer Highest level of 3PL can attain. It integrates itself with few customer and takes over their entire logistics function with extensive and detailed tasks Complexity of Service Standard 3PL provider most basic form of a 3PL provider and performing basic functions like pick and pack, warehousing, and distribution business Customer adapter Upon customer’s request and essentially takes over com-plete control of the company’s logistics activities. It Improves the logistics dramatically, but do not develop...
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...information on the company. In 1973, Fred Smith founded Federal Express (FedEx) in Little Rock , Arkansas. In 1973, the operation were relocated to Memphis, Tennessee. According to the FedEx website, on the first night of continuous operation, 389 Federal Express employees and 14 Dassault Falcon jets deliver 186 packages overnight to 25 U.S. cities — and the modern air/ground express industry is born. fedEx is the world’s largest express transportation company, responsible for delivering 3 million packages daily. FedEx provides ecommerce, transportation and business services worldwide. The company offers various shipping services for delivery of documents, freight, and packages. They offer regional next-day and second-day delivery. In 2004, FedEx also acquired Kinkos, which helped to expand the company’s retail access. FedEx Kinko provides a variety of services including copying, printing, signs and graphics, and a host of other services. One critical issue FedEx survived was their slow adaptation to technological changes. Federal Express was founded by Fred Smith in 1973. On April 17, 1973, with the launch of 14 small aircraft from Memphis International Airport Federal Express delivered 186 packages to 25 U.S. Cities. FedEx first seen profit was not until July 1975, becoming the premier carrier of high-priority goods in the marketplace and the standard setter for the industry it established. FedEx Express is the world's largest express transportation company, delivering...
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...IS used in FDX What is information systems: Information system is defined by different ways but they are all in the same field. Information system is a collection of hardware, software, data, people and procedures that are designed to generate information that supports the day-to-day, short-range, and long-range activities of users in an organization. Information system is a very wide field that is divided in different types, to fulfill business’s variety of requirements for information, which are: Executive Support Systems, Management Information Systems, Decision Support Systems, Knowledge Management Systems, Transaction Processing Systems, and Office Automation Systems. Firstly, the Executive Support Systems ("ESS") is designed to help senior management make strategic decisions. It gathers analyses and summarizes the key internal and external information used in the business. Secondly, Management Information Systems ("MIS") is mainly concerned with internal sources of information. MIS usually take data from the transaction processing systems and summarize it into a series of management reports. Thirdly, Decision Support Systems ("DSS") are specifically designed to help management make decisions in situations where there is uncertainty about the possible outcomes of those decisions. DSS comprise tools and techniques to help gather relevant information and analyze the options and alternatives. DSS often involves use of complex spreadsheet and databases to create...
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...FEDEX CASE 1. List the business processes displayed in the video: 1. Federal express currier picks up a package 2. Currier scans the box to electronically alter FedEx that the package is in their hands 3. Packages are brought to a hub (a large FedEx warehouse) 4. Packages are unloaded onto a conveyer belt that carries to a scanner that weighs the boxes and measures the size. This tells FedEx how much to charge the customer for shipping. 5. Packages go to a multidirectional scanner, with 40 cameras that scans and inputs the label. Labels tells the scanner where the box is being shipped 6. Any package that can not be scanned is sorted manually 7. Packages are then diverted automatically (or manually for packages that are not able to be scanned) and pushed down slides to their respective locations to be put into cargo containers 8. Each cargo container is weighed and then loaded onto a plane 9. FedEx air control center routes the plane and monitors flying conditions 10. Packages are still being monitored here 11. Plane lands, packages go to another sorting center 12. Packages are put on a truck and delivered to your door 2. List the types of information systems shown in the video. Can you describe how systems that were not shown might be used at FedEx? The information systems shown in the video are: * Management Information System (MIS): The FedEx system is set up to track packages at each point in their delivery process...
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...1. FedEx Corporation, Memphis, TN Dates: 2013.1.14 -2013.4.30 Number of employees: 290,000 Job title: Intern Academic in the Sales Planning and Events Department with FedEx Services Responsibilities: Responsible for learning FedEx asset management procedures and internal controls processes; Will engage in meetings with the FedEx Internal Audit and other regulatory departments; Will create an audit plan, formally audit a 10 person department and produce an official report with findings as the final project. Salaries: no salaries Average number of hours per week: 10 hours 2. Mercer Capital, Memphis, TN Dates: 2012.9.4 – 2012.12.5 Number of employees: 42 Job title: Marketing Intern Responsibilities: Responsible for doing various researches, mainly focused on social medias and newsletters; Assisted in new website design. Salaries: no salaries Average number of hours per week: 10 hours 3. Rhodes College, Departments of Commerce & Business and Economics, Memphis, TN Dates: 2012.8.24 – Present Job title: Student Employee Responsibilities: Assist professors with miscellaneous assignments and provide research assistance; Assist in events set-up, such as annual Accounting “Meet the Firms” event. Salaries: $7.75 per hour Average number of hours per week: 8 hours 4. China Communications Construction Company Ltd., Beijing Dates: 2012.6.15 – 2012.8.5 Number of employees: 108,779 Job title: Internal Auditing Intern Responsibilities: Participated in the...
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...School Of Business Assignment # 3 FedEx Corporation MGMT 704 (Sec 101) Management and Leadership FedEx Corporation FedEx Corporation is a global courier service provider company based in Memphis, Tennessee. FedEx offers its businesses and customers operating globally with a wide prospective of transportation services, logistics and supply-chain solutions and e-commerce. FedEx mission statement states that they will strive to gain huge returns for their shareholders by offering exceptional transportation services and other business solutions. They endeavor to develop and maintain a mutually gratifying relationship with their employees, suppliers and customers. FedEx is consistently ranked among the top companies of the world and have a strong foothold in transportation industry. FedEx Corporation is committed to constant improvement to match the predefined standards and regulations in terms of consistency and accuracy of thoughts and analysis. FedEx focuses on creating a prototype organization which is similar to the quality management. They have created a management system under which every employee is tasked with innovation and new challenges at their day-to-day activity. But one team exclusively works on experimenting and developing future game-changing prospects. FedEx have setup their own institute of technology where they take on a detailed research on science, business and transportation industry at University of Memphis. This facility offers an opportunity...
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...Introduction FedEx is a network of companies that provides specialized shipping, global trade, supply chains and information services to its customers. The organization’s service area includes 220 countries and territories including every address in the United States while employing more than 270,000 people worldwide. FedEx Corporation has a global headquarters in Memphis, Tennessee that leads the operating companies bearing the FedEx name worldwide including FedEx Express and Home Delivery, FedEx Ground, FedEx Freight, FedEx Kinko’s and Print Services, FedEx National LTL, FedEx Custom Critical, FedEx Trade Networks and FedEx Supply Chain Services. (X Facts, 2007) FedEx will produce superior financial returns for shareowners by providing high value-added supply chain, transportation, business and related information services through focused operating companies. Customer requirements will be met in the highest quality manner appropriate to each market segment served. FedEx will strive to develop mutually rewarding relationships with its employees, partners and suppliers. Safety will be the first consideration in all operations. Corporate activities will be conducted to the highest ethical and professional standards. FedEx is committed to making each customer’s experience positive as the company strives to uphold its promise “We Deliver”. Technology plays a key role in the organization’s ability to continually support customer service goals. FedEx’s technology is constantly...
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.... When the Memphis Municipal Airport opened in the 1920’s, it was seven miles from downtown. Yet, American and Chicago and Southern Airlines operated from grass strips surrounded by farmland. Over the years, the airport grew as Memphis grew. Grass strips gave way to concrete. Farm hangars were replaced with a proper terminal. The radial throb of DC-7’s and Super Connies disappeared and were replaced with the scream of turbojets from 707’s and DC-8’s. The airport, which was once on the outskirts of town, was now surrounded by suburban neighborhoods. People who bought houses near a small airport in the 1950s and '60s had no idea that soon, its largest tenant FedEx, would make the airport the busiest in the world between 10 pm and 3 am. People living near the airport began complaining about a whole range of discordant sounds, from the banshee wail of taxing jets to the ceiling shaking thunder of the engines on takeoff. Noise pollution became an unfortunate side effect of the jet age. The U.S. began enacting legislative controls with the Aircraft Noise Abatement Act in 1968. This authorized the FAA to prescribe standards for the measurement of aircraft noise. This act was later modified by the Noise Control Act of 1972 which now required consultation with the Environmental Protection Agency (EPA). "The Congress declares that it is the policy of the United States to promote an environment for all Americans free from noise that jeopardizes their health or...
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...Federal Express – delivering the goods Kevan Scholes This case study looks at how new business models can create vast improvements in competitiveness. However, the models must be suited to the business environment at the time and will have a ‘shelf-life’ as the business environment changes. The case study looks at one on the world’s most successful adopters of a new business model that transformed the airfreight and package delivery sectors worldwide. But the advent of the internet in the mid-1990s meant that the FedEx business model had to change or the company would decline. This is also the story of how it rose to that challenge. l l l In 1965, Yale University undergraduate Frederick W. Smith wrote a term paper about the passenger route systems used by most airfreight shippers, which he viewed as economically inadequate. Smith wrote of the need for shippers to have a system designed specifically for airfreight that could accommodate time-sensitive shipments such as medicines, computer parts and electronics. In August of 1971 following a stint in the military, Smith bought a controlling interest in Arkansas Aviation Sales, located in Little Rock. While operating his new firm, Smith identified the tremendous difficulty in getting packages and other airfreight delivered within one to two days. This dilemma motivated him to undertake research on how to resolve the inefficient distribution system. In an interview with Fortune Small Business in 2002 he...
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...Six Components of FedEx Corporation Supply Chain Six Components of FedEx Corporation Supply Chain This project paper will describe six components of the FedEx’s supply chain. Also this paper will examine the potential problems related to each of the components and describe and explain the approaches of the organization for solving the problems. Let’s start with the background of the company. FedEx is led by Corporation, that provides strategic direction and financial reporting to the operating companies which compete under the FedEx name worldwide: FedEx Express, FedEx Ground, FedEx Home Delivery, FedEx Office, FedEx Supply Chain Solutions and FedEx Services these are six supply chain of the main FedEx brand. FedEx started in 1971, when its founder Frederick W. Smith had idea for airfreight system that would facilitate quick overnight delivery of documents directly to customers. To make his ideas work, Smith decided to start his own company. In March 1973, FedEx moved its airline operations to Memphis, Tennessee, US. On April 1, 1973, FedEx started full time operations with a network, opened up in 25 cities in the US. This had begun the air/ground express industry. FedEx Express is a cargo airline based in Memphis, Tennessee. In terms of freight tons flown it is the largest in the world and the world's fourth largest in terms of fleet size. It is one of the supply chain segments of FedEx Corporation. It delivers packages and freight to more than 375 destinations in...
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...Federal Express – delivering the goods Kevan Scholes This case study looks at how new business models can create vast improvements in competitiveness. However, the models must be suited to the business environment at the time and will have a ‘shelf-life’ as the business environment changes. The case study looks at one on the world’s most successful adopters of a new business model that transformed the airfreight and package delivery sectors worldwide. But the advent of the internet in the mid-1990s meant that the FedEx business model had to change or the company would decline. This is also the story of how it rose to that challenge. l l l In 1965, Yale University undergraduate Frederick W. Smith wrote a term paper about the passenger route systems used by most airfreight shippers, which he viewed as economically inadequate. Smith wrote of the need for shippers to have a system designed specifically for airfreight that could accommodate time-sensitive shipments such as medicines, computer parts and electronics. In August of 1971 following a stint in the military, Smith bought a controlling interest in Arkansas Aviation Sales, located in Little Rock. While operating his new firm, Smith identified the tremendous difficulty in getting packages and other airfreight delivered within one to two days. This dilemma motivated him to undertake research on how to resolve the inefficient distribution system. In an interview with Fortune Small Business in 2002 he explained his business...
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... TITLE | PAGE | 1. Background of Fedex | 2 | 2.1. Fedex History | 2 | 2.2. Fedex Malaysia | 3 | 2.3. Fedex Supply Chain | 4 | 2. Product Offered by Fedex | 5 - 10 | 3. Services Offered by Fedex | 11 - 12 | 4. Swot Analysis of Fedex | 13 - 15 | 5. Conclusion | 16 - 17 | 6. References | 18 | 7. Appendix | 19 - 20 | 1. BACKGROUND OF THE COMPANY 2.1. FedEx History FedEx Corporation is the short name originally from Federal Express Corporation. FedEx is one of an American involve in global courier delivery services industry. It was founded as a company in 1973 as Federal Express Corporation. The idea of integration delivery airplanes and trucks into one delivery system founded by Frederick W. Smith. FedEx Company headquartered in Memphis, Tennessee United States. A city selected for its geographical centre to the original target market cities for small packages. In addition, the Memphis weather was excellent and rarely caused closures at Memphis International Airport. The company began its operation in April 1973 which are 14 small aircraft from Memphis International Airport were launched. Federal Express delivered 186 packages to 25 US cities. In 1998, FDX Corporation was founded in January 1998 with the acquisition of Caliber System Inc. by Federal Express which is roadway services. Extension by an acquisition of Caliber, FedEx start to offer others services such as...
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