...| GENERAL ELECTRIC (GE) | | | To review the company, General Electric (GE) supply chain and its components. Show how expansion within a company can be profitable over time. | General Electric also known as GE has been around for many years. GE is a global company that provides a variety of products in the United States and abroad. The company started in 1900 in a barn and they have been much more advanced as the years have progressed (Heritage of research, 2012). GE has more than 3000 employees working in research facilities throughout the United States, India, China, and Germany (Heritage of research, 2012). Through the years, the company has won several Nobel prizes and other awards for the remarkable research they have performed over the years and they are not completed yet (Heritage of research, 2012). GE has many subsidiary companies and therefore has broaden their initial company from just electrical and appliance to healthcare equipment and even aircraft technology (Product & services, 2012). The six elements of the supply chain strategy are leverage, communications, efficiency, innovation, risk management, and continuous improvement (The 6 Elements of Supply Chain Strategy, 2012). When viewing a section of GE under GE Healthcare, they handle supply chain a little differently. They look more into working with the community because GE’s goal overall it to make money but do it the proper way and make a difference in the work that...
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...General Electric Supply Chain in Radiology Jose Luis Rodriguez II Our Lady of the Lake University Abstract General Electric has continued to be a leader in the industry over the last hundred years. General electric not only works in the energy field, but in transportation and healthcare as well. The company has made a name for itself by providing high quality products. General Electric has been able to innovate and develop radiology equipment that has evolved with technology. The supply chain management for General Electric is an integral part in ensuring high quality is delivered to the customer in a timely manner. From idea conception, to planning, development, and delivery of product, General Electric makes sure that not only are their products a step above the competition, but also evolving as society’s needs continue to evolve. Imagination at work. Since 1878, General Electric (GE) has been one of the leading companies in innovating technology in appliances. GE continues to offer breakthrough technology not only in appliances, but in transportation, energy and in healthcare industries as well. This paper will analyze General Electric’s total quality management (TQM) processes with respect to the advances made by General Electric in the healthcare industry. Discussion will also be made about the impacts and advances General Electric has made to the healthcare industry. General Electric evolved from Thomas Edison’s home laboratory (General Electric...
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...and Support, Cabin, Propulsion Systems In charge of Sourcing and Contracting. Procurement Operations In charge of Supply Chain management and Performance Improvement. 2 Specialised operating units: EADS General Procurement, Airbus Military Procurement and Supply Chain With end-to-end responsibilities, driving the purchase and Supply Chain management of non-flying goods and services (General Procurement) and flying goods and services (except engines) for Airbus Military aircraft. 5 Procurement governance and coordination units: Procurement Strategy and Services, Procurement Compliance, Quality Procurement and Programmes Procurement (Series and A350 XWB) In charge of facilitating cooperation with the programmes and supporting the Commodities and Procurement Operations. © AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. Airbus Procurement Presentation June 2013 Organisational Structure Head of Procurement Procurement Strategy and Services Procurement Aerostructure Procurement Operations EADS General Procurement* Governance and coordination units Operational domain Quality Procurement Procurement Equipment/Systems and Support A350 XWB Procurement Procurement Cabin Series Programme Procurement Procurement Propulsion Systems * This entity is also in charge of General Procurement for the other EADS divisions. © AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. ...
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...INTRODUCTION At the height of Henry Ford’s empire, he owned every aspect of the supply chain, from the steel mills, the rubber plantation and the factory. But with diversification of markets and increasing globalisation, companies do not have this luxury. Supply chains have grown longer and require more time and money to delivr, companies need to focus on core competencies while still maintain a control over the supply chain. The polarisation of the global market is important too and is currently characterized by expanding product variety, short life-cycle, shifting customer demand and continuous advancement in technology. HISTORY AND PRESENT Twenty years ago, experts were predicting the death of companies that did not relocate to countries with smaller overheads and costs. The fanatical levels of competition between companies reduced the prospect of success or failure to one absolute: cost. This led to an exodus of companies travelling to production facilities on the other side of the globe. Thus supply chains became long and unwieldy, reducing the amount of control and oversight over it. The influx of wealth in the LEDCs allowed the governments to improve standards , according to the International Labour Organisation, wages in Asia between 2000 and 2008 rose by 7.1-7.8%/ year; this reduced the cost advantage that brought the companies flocking to their doors. Oil and energy prices and consequently transportation costs have sky rocketed, which reduces the cost advantage...
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...Team Case Report General Electric Medical Systems, 2002 University of Central Oklahoma BADM 5305 April 15, 2013 by Anthony Acquah Cody Buchholz Cary Cundiff Russ McNellis INTRODUCTION In 2002, General Electric Medical Systems Division (GEMS), was adjusting to new leadership and faced many challenges and opportunities. The company has positioned itself as an industry leader competing in an extremely dynamic, global market. Healthcare is a worldwide industry with many challenges due to the wide variations of service across national boundaries. The products and services offered are extremely specialized with customers including hospitals and clinics. The customer needs are specific to the design of the healthcare coverage within their country. Many of the industry trends require advances in the services GEMS provides. As we evaluated this case, we agreed that the most interesting aspect of the analysis involved the globalization and competitiveness of the healthcare industry and the opportunities for GEMS as an established, industry leader. The case illustrates the importance of formulating a global strategy and properly evaluating the theory of comparative economic advantage to maximize the efficiency of production and manufacturing. EXTERNAL ANALYSIS Five Forces Analysis Threat of New Entrants (Weak) With regards to the medical systems industry (MSI), the threat of new entrants is weak. Capital requirements to enter into and produce medical equipment or systems...
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...MG514 Managerial Economics v 2.0 Project Submission The Feasibility Report presented before you will summarize two firms, the Whirlpool Corporation and General Electric Company detailing the industries, products, supply and demand, scope of production, cost structure, market condition impact and performance in which the industry can operate optimally. In regards to the hypothetical firm that has decided to set up a production plant. This report will explore the various aspects of the proposed project and a recommendation if whether the project is feasible. The Whirlpool Corporation and General Electric Company are in the industry associated in the manufacturing consumer durable “white goods” (Thefreedictionary.com, 2012). Whirlpool and General Electric are common household appliance brands and one of the products that every household carries is the typical standard household refrigerator or other derivative designs. The prevalent demand and supply structure in the industry of consumer durable white goods is that the global major appliance industry is expected to record close to 4% yearly growth in demand through 2015 to reach a volume of 400 million units. The United States white goods market is witnessing recovery due to recovery in the wider economy. Demand is expected to come from housing market recovery in 2015, and also because consumers are beginning to upgrade to superior equipment as income levels rise (Reportlinker.com, 2012). Shipments...
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...IMPACT TODAY’S SUPPLY CHAIN Osa Osifo York College Given the prominent rise of Social Media, various companies have begun to use electronically generated knowledge (internet chatter) from social media platforms like Twitter, and Facebook to improve their marketing, promotion, and more importantly, customer service. It has become more important to analyze the impact of social media platforms on one of the most important aspects of the company, it’s Supply Chain. Although there are limited findings to the practices that companies have adopted in order to integrate social media into their respective supply chains. In essence, this paper examines and reports on how supply chain can be improved by the impact of social media. Supply Chain Management “is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service, manufactures that product or service and delivers it to customers” (Weaver 2013.). The reason company’s implement a SCM system is to create a faster, more efficient, and lower costing relationship between business partners. The process begins from the conceptual stage of a product or service and continues until market distribution. The Supply Chain consists of suppliers, customers, and other businesses which all work together to build relationships and meet customer demands. This is where social media comes in place. Supply chain holds a special...
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...Skil Corporation On March 23, 1979, Emerson Electric Company acquired Skil Corporation, a manufacturer of portable power tools, for $58 million. With sales of $2.6 billion in 1979, Emerson Electric produced a broad range of electrical and electronic products and systems. Emerson Electric Company Emerson Electric, originally a manufacturer of electric motors and fans, had gradually expanded into a broad range of consumer and industrial products. It classified its businesses into commercial and industrial components and systems; consumer goods (including portable electric tools); and government and defense products (see Table A). Emerson’s business units manufactured products principally in electrical and electronic fields, such as electric motors, controls, drives, and heating, ventilating, and air conditioning equipment. The company also manufactured power chain saws, gas cutting and welding equipment, vacuum cleaners, bench power tools (which it sold to Sears), and other consumer goods. With a stated goal of being the so-called best-cost producer in as many of its markets as possible, Emerson stressed cost reduction. Emerson defined best cost as Table A millions) Sales and Pretax Income of Emerson Electric by Business Segments ($ 1978 Sales Commercial and industrial Consumer Government and defense Intercompany sales $1,380 698 176 (20) Pretax Income $201 123 21 Sales $1,570 865 199 (20) 1979 Pretax Income $232 141 24 Source Company annual reports 2 the lowest-cost producer...
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...1. Introduction General Motors Company (http://www.gm.com/), commonly known as GM, is an American multinational corporation headquartered in Detroit, Michigan that designs, manufactures, markets and distributes vehicles and vehicle parts [1]. In this report, we will identify three risks and three opportunities related to sustainability for the company and the manufacturing activities of the GM. For each risk/opportunity, we will also identify some possible actions to address the risk/opportunity. Furthermore, we will develop a process for assessing potential cost/benefit of addressing the risks and opportunities and the potential cost/benefit of taking no action. All the detail data resource in this report is from GM sustainability report [2]. 2. Risk Management Sustainability strategy of GM is guided by this simple truth, that energy diversity, resource conservation and CO2 reduction are business imperatives. To achieve sustainable development of the company, GM is faced up with a series of global issues. Among them, fuel economy and CO2 emissions, manufacturing energy use and emissions, and resource and material management are most imperative to address. 2.1 Fuel Economy and CO2 Emissions The need to increase fuel economy and reduce carbon emissions remains one of the most important risks facing automakers around the world, including GM. Though dramatic progress has been made over the past 40 years, the need to “go farther with less” is as relevant today as ever, due to risks...
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...Harvard Business School 9-389-005 rP os t September 15, 1988 Skil Corporation op yo On March 23, 1979, Emerson Electric Company acquired Skil Corporation, a manufacturer of portable power tools, for $58 million. With sales of $2.6 billion in 1979, Emerson Electric produced a broad range of electrical and electronic products and systems. Emerson Electric Company Emerson Electric, originally a manufacturer of electric motors and fans, had gradually expanded into a broad range of consumer and industrial products. It classified its businesses into commercial and industrial components and systems; consumer goods (including portable electric tools); and government and defense products (see Table A). Table A Sales and Pretax Income of Emerson Electric by Business Segments ($ millions) Sales $1,380 698 176 (20) tC Commercial and industrial Consumer Government and defense Intercompany sales 1978 Pretax Income $201 123 21 1979 Sales Pretax Income $1,570 865 199 (20) $232 141 24 Source: Company annual reports No Emerson’s business units manufactured products principally in electrical and electronic fields, such as electric motors, controls, drives, and heating, ventilating, and air conditioning equipment. The company also manufactured power chain saws, gas cutting and welding equipment, vacuum cleaners, bench power tools (which it sold to Sears), and other consumer goods. Do With a stated goal...
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...Product Launch Plan MKT 571 February 25, 2013 Meraj Khan Product Launch Plan General Electric (GE) is building the world by providing capital, expertise, and infrastructure for a global economy (G.E., 2013). The corporation is preparing for the launch of the Smart Helmet in Japan and Hong Kong markets, respectively. The Smart Helmet offers improved safety and modern technological capabilities through Bluetooth synchronization and Global Positioning System (GPS) with a heads-up visor display. This paper considers components of the product launch plan for Japan’s domestic market and Hong Kong’s international market. The plan includes a description of the product and positioning, targeting, market needs and growth, SWOTT analysis, the competition, objectives and strategy, pricing and financial information, communication plan, distribution strategy, and market research for the plan. GE anticipates the detailed plan will result in a successful product launch. Product Description The Smart Helmet is designed primarily as a protective covering for the head of any cyclist who desires a full-face helmet. As a product of innovative thought, the Smart Helmet increases safety and convenience by offering a standard voice-activated global positioning system and Bluetooth synchronization with a heads-up projection at forward sky-level. Such features allow the rider to enjoy an uninterrupted journey with music, verbal companionship, and navigation without taking his or her eyes off...
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...Product Launch Plan General Electric (GE) is building the world by providing capital, expertise, and infrastructure for a global economy (G.E., 2013). The corporation is preparing for the launch of the Smart Helmet in Japan and Hong Kong markets, respectively. The Smart Helmet offers improved safety and modern technological capabilities through Bluetooth synchronization and Global Positioning System (GPS) with a heads-up visor display. This paper considers components of the product launch plan for Japan’s domestic market and Hong Kong’s international market. The plan includes a description of the product and positioning, targeting, market needs and growth, SWOTT analysis, the competition, objectives and strategy, pricing and financial information, communication plan, distribution strategy, and market research for the plan. GE anticipates the detailed plan will result in a successful product launch. Product Description The Smart Helmet is designed primarily as a protective covering for the head of any cyclist who desires a full-face helmet. As a product of innovative thought, the Smart Helmet increases safety and convenience by offering a standard voice-activated global positioning system and Bluetooth synchronization with a heads-up projection at forward sky-level. Such features allow the rider to enjoy an uninterrupted journey with music, verbal companionship, and navigation without taking his or her eyes off the road. GE’s new product is differentiated from competitors...
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... (…) pattern of shared basic assumptions that the group learned as it solved its problems of external adaptations and internal integrations that has worked well enough to be considered valid and, therefore to be taught to new members as the correct way to perceive, think, and feel in relation to those problems” (as cited in Guzman, Stam, & Stanton, 2008, p. 34). Therefore, IT managers must consider that organizational culture is an important factor to be taken into consideration within the value chain. As stated by Schein, culture is relevant and it matters because it is a powerful, latent, and often unconscious set of forces that determine both our individual and collective behavior, ways of perceiving, thought patterns, and values (Guzman et al., 2008). In order to take a look deep inside an organization’s social and technical dynamics, via value chain we turn our attention to “The Mini-cases: 5 companies, 5 strategies, 5 transformations”. This unique interaction case study was conducted by Balu Bagopal, Maurice Berns, Zayna Khajat, Martin Reeves and Andrew Townsend a MIT Sloan Management Review and knowledge partner. The Boston Consulting Group, with sponsorship support from business analytics provider SAS, are collaborating on a project called the Sustainability Initiative. This case study is a survey of five corporate executives and managers about their perspectives on the intersection of sustainability...
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...Cameron Hays Final Paper 8/11/12 Company: Independent Electric Supply Independent Electric Supply, Inc. was founded in 1976, as a small distribution center built to cater the growing market of Electricians that worked in the high-tech aerospace industry. Realizing a need to offer a wide variety of electrical equipment Independent formed partnership with East Coast suppliers in order to provide a larger amount of Electrical products. When Independent Electric supply formed they had only 10-employee but with steady growth and strong business partnerships Independent grew into the twelfth largest supply chain in the nation. Independents line card includes the following resilient products; Line Card |Ballasts |Fittings |Strut | |Batteries & Flashlights |Fuses |Switches | |Boxes |Heaters, Electric |Tapes | |Cable Tray |Instruments |Time Clocks | |Chimes, Bells, Buzzers |Lamps |Tools | |Conduit...
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...needs to be liable for the ethical treatment of all employees including the employees of their suppliers and the sustainability of their suppliers. A company cannot claim to be sustainable and yet their suppliers are causing destruction to the environment or becoming wrapped up in ethical violations of their employees. The following will review the sustainability and ethical practices of two leading brands, General Motors (GM) and Nissan. General Motors is based out of Detroit, Michigan, and produces brands that include Chevrolet, Buick, GMC, Cadillac, and others. Nissan is headquartered in Nishi-ku, Yokohama, Japan. These two companies are fairly different in focus. General Motors relies heavily on truck sales while Nissan released a vehicle known as LEAF that is a zero-emission vehicle. Both companies are concerned for the environment but both push forward and grow in different ways. Examination of these two companies will measure sustainability success, environmental stewardship, sustainable consumerism, and other factors relating to production, supply chains, and other...
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