...Retail trade is one of the traditional businesses of Bangladesh. Its expansion is keeping pace with population growth and changes in consumption patterns, which are consistent with the growth of the economy. This expansion has not been structurally organized, because, until recently, retailing had never been perceived as an industry, but rather as an individual or family business entity with a very limited scope of organized expansion. Little to no market information is available on the retail sector, but secondary sources indicate that the size of the food retail sector in Bangladesh could be US$12-14 billion, and the number of retail grocery shops could be around 1 million. Retail is one of the biggest sources of employment (12 percent), and it contributed 13 percent (wholesale and retail trading) to Bangladesh’s GDP. Organized retail is booming and creating huge opportunity for enterprises. Retailers though sell other companies products work out their own marketing strategies fixing their own target market towards providing customer satisfaction separately. Retail stores irrespective of product line and relative prices emerge in all shape and sizes, such as Specialty stores, Department stores, Supermarkets, Superstore, Convenience stores, Discount stores and off- price stores. Current Market Scenario of Super Market: Superstores are set to boom in the country as the current market players are planning to open several hundred more outlets in the next few years...
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...Supply Chain Management Supply chain management (SCM) is of great importance to the private sector as it is to the military. Both industries have similar approach to the management of the supply chain, requiring desirable result but for different reason. Successful supply chain management takes coordination and integration within and between companies. The ultimate goal of an effective supply chain management system is to make products available when needed and at the same time reduce on hand inventory. Supply chain management is described as the management of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer and on to the consumer. The management of materials consists of the movement of goods from a supplier to a customer and any customer returns or service needs. The information piece is the transmission of requisitions and status updates on deliveries. The financial piece includes the credit terms, payment schedules, and consignment and title ownership arrangements Supply chain management is also improving the way a company finds the raw materials it needs to make a product or service and deliver it to the customer. Company’s five basic components of supply chain management are plan, source, make, deliver, and return. Planning is the tactical part of supply chain management. Companies need a line of attack for managing all the assets that go toward meeting customer request for their product or service. A big part of...
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...MGT 420 (Managing Quality in the Supply Chain) Course Assignments Week 1- 5 Click to Download Week 1 Exit Assessment Week 1 Individual Assignment; Role of Stakeholder Paper Week 2 LT Assignment Part I; BJB Manufacturing Company Quality Management Initiative Proposal Week 3 Individual Assignment; Theory Matrix Week 4 LT Assignment; Part II & III BJB Manufacturing Company Quality Management Implementation Strategy Week 5 Individual Assignment; Quality Management Organizations Week 5 LT Assignment; Part IV: BJB Manufacturing Company Quality Management Supplier Alliance Metrics Report MGT 420 Week 5 Final Examination (42 Multiple Choice) MGT 420 Final Exam Click to Download 1) If you select a physician solely on the reputation of the physician, you are basing your decision of which of the following dimensions of service quality? 2) Which of the following is the most traditional definition of quality? 3) Like engineers, operations managers are very concerned about product and process design. However, rather than focusing on only the technical aspects of those activities, operations concentrates on the __________ of these activities. 4) Which of the following is not an example of a strategic content variable? 5) The role of marketing in design has been to bring the voice of the __________ into the design process. 6) __________ is the process by which a leader influences a group to move toward the attainment of superordinate goals. 7) __________...
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...Case Analysis 1 MGT 309 25 Oct 15 Christopher A. Aberle James Maddox Christopher A. Aberle MGT 309 Case Analysis 1 25 Oct 15 Introduction Gard Automotive Manufacturing (GARD), is an original equipment manufacturer (OEM) which makes a range of plastic products such as window and door handles, dashboards and control knobs for light trucks and autos for U.S. auto producers. One of the companies that GARD buys from year in and out is DuPont Engineering Polymers (DEP) which has been a stable company and a top product which earned another contract this year. “Tom Lippet, sales representative for DuPont Engineering Polymers (DEP)” has been working with “Mike O’Leary, purchasing agent at GARD” for years concerning the contract who will be retiring in a few months and Richard Binish will be O’Leary’s successor. He is ready to make some changes which will bring up some questions in DEPs eyes in the business game. “In Binish’s terms, product merely becomes a ‘qualifying criterion.’ If everyone’s product is comparable, especially in something such as polymer feedstock, how do you distinguish yourself? Binish claims companies will need to demonstrate something called ‘order winning criteria’ to get our business in the future.” For DEP to keep the GARD business, they will need to improve its logistical performance to meet rising expectations from the customers. Body Certain stages are adding value in the DEP/GARD supply chain which shows what is needed to have...
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...United Natural Foods Judith Palmer MGT/521 April 14, 2015 Daniel Kearney Founded in 1996, United Natural Foods, also known as UNFI, is the leading national distributor of natural and organic foods in the United States and Canada (United Natural Foods, 2009). UNFI serves more than 40,000 customer locations, which includes natural food stores and supermarkets. With Whole Foods as one of their leading retailers here in the United States, UNFI currently has 33 distribution centers. Although UNFI has experienced revenue growth, organic food is still only a small part of our food system, and the price of organic foods remains more expensive than conventionally produced foods. The biggest complaint from consumers is the high price of organic foods. Organic foods cost more because of their inefficient distribution network. Strategic and Operational Plans Organic foods are more expensive because of scale. Organic farms don’t operate at scale, so the cost of marketing and distributing organic food is higher. Also, in addition to UNFI’s scale, UNFI also suffers from inefficient distribution network. Now with scale, distribution, supply, and cost taken into consideration, shoppers are limited to purchasing organic foods. UNFI strategic and technology plans to improve their distribution and efficiency of their supply chains is to: * Improve Operations (distribution): The challenge to deliver their organic food in the most efficient way would be dissolved by using distribution...
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...REVIEW OF SUPPLY CHAIN MANAGEMENT CONCEPTS AND THE BULLWHIP EFFECT H.M. Lai1 1Faculty of Engineering, Universiti Putra Malaysia, 43400 Serdang, Selangor, Malaysia. ahiu_mun@hotmail.com Keywords: Supply Chain Management, Bullwhip Effect, Inventory. Abstract. In recent years, the application of supply chain management in organization has become very popular. Business organizations today increasingly use the vital role of supply chain management to compete. This paper presents the basic concepts and literature review of supply chain management. The practice of supply chain management is guided by some basic underlying concepts that have not changed much over the centuries. This paper also discusses the common problem in supply chain management known as the bullwhip effect. 1. Introduction At present, the way the business is done has undergone radical transformation due to ever increasing expectations of consumers. The realization of importance of collaboration and integration among the partners has led to the idea of supply chain management. Organizations have realized the essentialness of an effective and efficient management of supply chain for present and future survival. Hence, the importance of supply chain management has grown over a period of time and plenty of planning models are now practiced by organizations across the globe. In adopting supply chain management, organizations must carry out a consistent set of management practices. 2. The Concept of Supply Chain Management...
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...Research Paper Challenges and opportunities of Tanzanian SMEs in adapting supply chain management Sama Hamisi Procurement and Supplies Department, College of Business Education, Dodoma Campus, Dodoma, P. O. Box 2077, Tanzania. E-mail: samakicheche@yahoo.com. Tel: +255 755 292 850. Fax: +255 026 232 2121. Accepted 19 November, 2010 Around the globe, Small and Medium Enterprises (SMEs) have acquired a significant and pivotal position in the entire economic development process. Over the years, this sector had played a critical role in developing Tanzanian economy through creation of employment opportunities, income generation, equitable distribution of income whence contributing towards poverty alleviation. However, this sector suffers a number of challenges in domestic and global market competition, though, varieties of opportunities in adapting supply chain management exists. In today’s context of fast changing and dynamic economy and dominance of global supply chain systems, the SMEs in Tanzania, besides facing traditional hardships in finance, they misalliance the phenomenon of supply chain management thus fails to find proper place in the domestic and global supply chain leaving TNCs and MNCs to have a greater dominance. As Tanzania’s economic policy is about-turn from socialism and self-reliance towards capitalism, SMEs are strangled in a ‘wait and see’ position as global supply chain bandwagon continue to wheel with supersonic speed leaving them fragmented...
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...Mgt 215 UMT University Assignment 1 MGT 215. Operations, Logistics and Supply Chain Management November 25, 2012 1) Select a technology from 1850 to the present. Describe how it has affected productivity A technology that comes to mind is server virtualization. We use them every day in the government as we work toward going green, lower cost, increasing productivity. Since the migration to the virtual servers we were able to cut paper files by ¾. We use a digital contract file now instead of a 6 pile folder with hundreds of page. Another reason the army has choosing to go this way is so it can spread the cost of maintenance and repair across several customers with shared servers. This results in a lower price per base. Then there is the Virtual conference, which saves millions of dollar. Now you’re asking how this affect productivity does well with virtual contract files any base has access to them with save on efficiencies, be abilities to collaborate with like minds to gain more knowledge, also to form comradely. (2) Identify the transformation that takes place in a restaurant. In a restaurant you are buying a meal but also the environment and the service. In many cases the value of inputs is measured in financial terms, which is say that organizations aim to make a profit like the Hard Rock Café. To increase efficiency managers are always seeking ways of producing more with the same level of inputs or producing the same amount with fewer inputs. Some...
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...IKEA’s Global Sourcing Challenge: Indian Rugs and Child Labor Nathan Johnson Case Analysis MGT 400 – 10/27/09 1) How should Marianne Barner respond to the invitation for IKEA to have a representative appear on the upcoming broadcast of the German Video Production? The offer to have a representative appear on the upcoming broadcast of the German Video Production seems like a total setup. This movie sounds like it is totally geared towards tearing down the corporation’s credibility, etc. If a representative goes, most likely there will be set questions created by the group that made this video in attempt to incriminate IKEA on camera. I would recommend that Marianne Barner thank the German Video Production company for the invitation but to politely decline and say something to the extent that IKEA is currently investigating the operations of its suppliers to ensure compliance with IKEA’s policies. Thereby, as kindly as possible you extend politeness and it is implied that IKEA is now aware of the child labor IKEA is actively seeking to resolve the issue. 2) What actions should she take regarding the IKEA supply contract with Rangan Exports? The most logical approach towards addressing this issue would be to perform some sort of investigation on ALL of IKEA’s suppliers to make sure that all of them are in compliance. If IKEA singles out Rangan Exports, they could risk some sort of discrimination suit. Additionally, if there are more suppliers in violation of their...
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...Case 1: Integrated Logistics for DEP/GARD MGT 309 March 7, 2015 Dr. Williams Background Gard Automotive Manufacturing’s purchasing agent Mike O’Leary has announced his retirement and his predecessor, Richard Binish, has been announced. One of Gards long term suppliers, Tom Lippet, of DuPont Engineering Polymers (DEP) is coming in to negotiate a new contract. DEP’s polymer is a critical feedstock of the GARD’s manufacturing process. DEP’s supplies have always met Mike’s standards and he’s had few production problems reported from his production managers. Tom’s approach to supplying the business is different than Mike’s. Tom has and MBA with a concentration in purchasing and logistics. Prior to be announced as Mike’s predecessor, Tom worked in inventory management. While in this position Tom used the 80/20 rule to eliminate suppliers and products that were not profitable. Tom’s company is award a one year contract. After the contract signing Mike explains to Tom what Richard is looking for in delivery and options moving forward. Mike reviews with Tom that his company’s product no longer stands out from the pack and that its delivery standards are below Richards expectations. He also explains that Richard’s expectations for delivery will only increase in the coming years. The conversation Mike has had with Tom gives him time to review the competition and his company’s standards. Tom can use this as an opportunity to reevaluate how his company compares to...
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...EXAM(not including DFD time) ___150mins_________ GENERIC ANSWERS/ANALYSIS WILL NOT GET CREDIT * Use double space & 11 or 12 font * BE VERY SPECIFIC (Quality is important than quantity, but do not shortchange your answers) * TO GET CREDIT YOUR ANALYSIS MUST FOLLOW CONCEPTS IN THE BOOK & READINGS. * DO NOT GO OFF ON generic TANGENTS. * MAKE reasonable ASSUMPTIONS IF YOU NEED TO and list them READ CAREFULLY AND ALLOCATE YOUR TIME WISELY!!!!! TO BE SUBMITTED: Create a zip file and include the following: * This Exam with answers (including Evidence FORM) * Excel spreadsheet related to Q7 Q#1 Multiple Choice: (3 points) 1. A supervisor having to decide when to reorder supplies or how best to allocate personnel for the completion of the project is an example of a _________ decision. a. structured b. unstructured c. semi-structured d. none of the above 2. Each team has only one home stadium and each stadium can have many home teams. This is an example of what kind of relationship between TEAM and STADIUM? a. 1:1 b. 1:m c. m:n d. m:1 3 Amazing electronic ( a fictious company), an electronic retailer, recently declared bankruptcy and went out of business. This would, typically, A) increase Buyer’s power B) increase Supplier’s power C) make it easy for others to enter the electronic market D) None of the above Q2. Wendy’s International, a...
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...A Case Study of Wal-Mart’s “Green” Supply Chain Management Adam Heying Whitney Sanzero MGT 520 Operations Management Professor Jim Constand May 4, 2009 Summary Supply chain management has been the cornerstone to Wal-Mart’s success and remains their primary competitive advantage in the retail/department store industry. Their distribution system is generally regarded as the most efficient and they have an approach to supply chain management that has long emphasized visibility through the sharing of information with their suppliers. Although there are hundreds of logistical functions which allow Wal-Mart to be the price and logistics leader, the focus will be primarily on the company’s newly adopted strategy of making logistical processes “green” and more environmentally conscious. According to the Supply Chain Management Review, Wal-Mart CEO Lee Scott committed the company to three ambitious goals: to be supplied 100 percent by renewable energy; to create zero waste; and to sell products that sustain Wal-Mart’s resources and the environment. Wal-Mart’s 14 Sustainable Value Networks, the Network’s structure, new “green” logistics technologies, and additional future initiatives will be considered along with counter arguments which suggest that Wal-Mart’s green initiative is simply unsustainable. The main sticking point seems to be the same one that has long held back the adoption of better light bulbs...
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...Case 1: Integrated Logistics for DEP/GARD MGT 309 The Integrated Logistics for DEP/GARD takes us inside of contract renewal negotiations for DuPont Engineering Polymers (DEP) and Gard Automotive Manufacturing (GARD). Tom Lippet is the sales representative for DEP and Mike O’Leary is the purchasing agent for GARD, he is due to retire and replaced by Richard Binish. O’Leary begins to explain to Tom Lippet the contract will only renew for a year and give him insight on the upcoming changes that Binish will began to implement into the company. Binish wants companies to demonstrate “order winning criteria” (Bowersox, Closs, Cooper & Bowersox, 2013). Order-winning criteria are unique selling points or a competitive advantage. It differentiates the products or services from competition. The terms order-winning and order-qualifying were introduced by professor T. Hill from the London Business School to differentiate the criteria that allows a company to compete in the market (order-qualifying) from the criteria that provide a competitive advantage (order-winning), (www.referenceforbusiness.com). In the DEP/GARD Supply Chain, they have several stages that are adding value, such as their ability to maintain a 7-day supply of all their compounds and their continuous advancements in technology, their packaging and product manufacturing. One of the companies down falls has been the inability to move their product at a consistent rate, their delayed paperwork process and inventory...
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...Integrated Logistics for DEP/GARD MGT-309 May 10, 2015 RK Introduction Supply chain management is “multiple firms collaborating to leverage strategic positioning and to improve operating efficiency” (Bowersox, 4). Proper integration and management results in efficient and successful operations. Without effective supply chain management, business functions can fail through reduced reliability of delivery, frequent shifts in operations to make up for shortages in materials and delivery, which ultimately can lead to a reduction in a firm’s reputation. Customers want products and resources at the right time, condition, product, price, place, and person. DEP/GARD contract negotiations is a case where DEP has to improve its economic, market, and relevancy value to remain a supplier for GARD. Analysis Firms must constantly seek to improve operations to improve the customer perspective of value, from an economic, market, and relevancy perspective (Bowersox, 5). Without improving value, a firm can become obsolete and lose business. Under a new purchasing agent, GARD looks to improve its efficiency of operations. Currently the firm works within a 10 day delivery, plus or minus 2 days, which is a 5 day service window. If this is the industry standard, GARD will not have a competitive advantage over other similar firms and must continually seek to improve it operations. GARD seeks to reduce the service window to 3 days. This added value will improve GARD strategic position...
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...Quiz 1, Logistical Inventory Control, MGT 417 ------------------------------------------------- Chapters 1-2 Completed Quiz must be posted to the Dropbox no later than 8 p.m. on Tuesday, 29 October. Each student must complete the Quiz independently with no assistance This is an open book Quiz; you may use your text book and class PPT presentations The Quiz consists of Fill in the Blank, Multiple Choice and True and False Questions… Circle the Letter/True or False corresponding to your answer, fill in the blanks with your answer. Name: Piyabalo Padaro 1. Stock consists of all the goods and materials that are stored by an organization. It is a store of items that is kept for future use. T or F? Answer: T 2. The sequence of stock replenishment and reduction to meet demand is repeated continuously in a stock cycle. In sequential order, place the corresponding Number next to the item below to indicate the sequential order in which it occurs in the stock cycle: 1, 2, 3, 4, 5, 6 6 - At some point, the stock gets low and it is time for the organization to place another order 1 - An organization buys a number of units of an item from a supplier. 4 - Customers, either internal or external, create demands for the item. 2 - At an arranged time, these units are delivered. 5 - Units are removed from stock to meet these demands. 3- (Unless they are needed immediately, the units are put into...
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