...electronic products, from hair dryers to humidifiers to massagers. Currently DIMCO uses approximately 1350 different components and/or raw materials in manufacturing its products line. Those components and raw materials are purchased from approximately 375 different suppliers, which we can call them external suppliers, the first component of a company’s supply chain structure. Then, after the company’s internal functions, DIMCO sends its finished products to a central warehouse that supplies 10 regional distribution centers, which 6 are domestic and 4 are located outside of the US. Each one of these distribution centers supplies an average of 12 local distributors that each supplies an average of 35 retailers. DIMCO supply chain can be summarized by the figure below: 2. Discuss the advantages that DIMCO can gain by implementing supply chain management. Supply Chain Management is the vital business function that coordinates and manages all the activities of the supply chain linking suppliers, transporters, internal departments, third-party companies, and information systems. The advantages DIMCO can gain with supply chain management are coordinating the movement of goods through the supply chain from suppliers to manufacturers to distributors to the final customers; and sharing relevant and accurate information such as sales forecasts, sales data, and promotional campaigns among members of the chain. Is another advantage of implementing supply chain management the...
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...consumer demand in the future with the launch of major products quarterly. The Company’s products include foot massagers, head massagers, massage chairs, fitness equipment, neck and shoulder massagers, vitamin and supplements, and diagnostic equipment. Supplier Selection and Evaluation Strategy OSIM choose its suppliers depending on a broad range of factors such as quality, value for money, reliability, and service, and does not consider the factor of price lists only. In supplier selection, Osim weighed up the importance of all these different factors based on their business priorities and strategies. A proper strategic approach to choosing suppliers will help to understand how your potential customers weigh up their purchasing decisions. The following guide illustrates a step by step approach that Osim uses to make the right choices and decided what they need in a supplier, how to identify potential suppliers and finally chose them. Think strategically when selecting a supplier. In choosing the most efficient supplier, Osim has to get the suppliers who are willing to offer products or services that match or exceed the need of the business. They have to be sure of the business...
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...procedure in both importing raw material from foreign country to supply for the manufacture, and exporting its product to foreign market, some additional tips for trading would be talked. Contents Executive Summary 2 I. Introduction 4 2. The product and its industry 4 2.1 The Vietnamese Furniture industry 4 2.2 The company’s product 6 III. The procedure of importing raw materials 6 3.1. Choosing a country 6 3.2 Choosing a supplier 7 3.3 Legal platform between Laos and Vietnam 8 IV. Exporting wooden furniture 10 4.1. Market analysis 10 4.2 Choosing an importer 12 4.3 Legal platform notice when import wood product into the USA 13 V. Additional tips to ensure the success 14 VI. Conclusion 16 VII. Recommendation 17 VIII. References 18 IX. Appendix 19 I. Introduction Peace VN is a new established company in Hanoi, Vietnam. It is a furniture manufacturing company. With the mission of providing only the premium quality for every product with the most competitive price, Peace VN has put a lot of effort in finding a good timber supplier for its manufacturing. Because of the rare sources of wood and timber in Vietnam, and the law and...
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............. 3 5. Strategy planning...................................................................................... 3 6. What marketer need to do. 1.1 Target market..................................................................................... 4 1.2 Observing the competition................................................................. 4 1.3 Pricing................................................................................................. 4 1.4 Promotion........................................................................................... 4 1.5 Distribution......................................................................................... 4 1.6 Treat supplier as a partner................................................................. 4 1.7 Marketing intermediaries.................................................................. 5 1.8 Knowing major force in the company environment.......................... 5 7. Market Research...................................................................................... 5 8. Referencing.............................................................................................. 6 INTRODUCTION Many people think of marketing as selling and advertising. They are surprised when they hear that selling is not the most important part of marketing. Today marketing must be...
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...of the test lasts about three minutes and during this time, candidates are being tested on their ability to talk about themselves, to provide personal information on their home, interests and jobs, and to perform functions such as agreeing and disagreeing, and expressing preference. Sequence: 1. Introduction of people concerned 2. Marksheets required 3. Topics and Questions Questions about candidates’ names and hometowns What’s your name? How to spell your name? How do you spell your family name/surname/last name? Where are you from? Would you say it’s a good place to live in? (why) Do you like living in … ? (why) Where would you rather live, … or …? (why) Do you think it would be better to live in … or …? (why) Do you come from a large family or a small one? Can you tell me a bit about … in your family? Questions about candidates’ identity --- work or study Do you work or are you a student? What do you do? What do you study? What’s your major? What do you like most about your job? What do you like most about your studies? Questions about Candidates’ Preference Regarding Their Work or Study Unit One A Working with Other People What kinds of people do you most like working/studying with? Why? What do you think are the advantages of working in a team of colleagues? Why? (Is it a good thing to work or study with other people? Why/why not?) What sort of skills do you think a manager needs? Why? (What kind of person is a good manager? Why...
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...I plan on someday owning my own business, I would like to have a dessert shop, but I also have an interest in opening a tattoo shop with my brother. When I do open up one of these, or both perhaps, businesses I will take great efforts and do much research to develop a fair and safe list of ethical rules that I will make sure everyone that works for me, including myself, will follow. One of these rules would be to make sure that my employees are treated fairly and that they are given the opportunity to advance. I think that this is an important ethical rule to follow because the production of your business rests in the hands of your employees. They are the ones responsible for making and distributing your products, and in order for them to be motivated to do a good job at their tasks, they need to know that they will be rewarded for their hard work and contributions. Another ethical rule that I would put into play would be to make sure that the product that we are selling is safe and of good quality. This is another important rule that will also help the business. Without happy customers, you do not have a business. It is important to distribute something that will satisfy what they want, and something that will not be dangerous to their health. For instance, if I own a dessert restaurant, and my grocery supplier delivers me ingredients that are poor or contaminated, even if I absolutely needed these ingredients, I would not use them. I would lose more money if a customer...
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...people live in a state where the energy market has undergone deregulation, they have the right to choose their electricity suppliers. A lager number of consumers are taking control of their energy measures, picking between changeable and not changeable electricity price projects, and trying to clear the environment by choosing green energy options. (Con Edison solution 2014) Fixed price plans allow customers to protect themselves against electricity price up. Changeable price plans should always offer savings with the local electricity supply rate in some area. And in areas where accessible, consumers looking nicer, greener energy ways can choose renewable energy for their electricity requirements. Thus Con Edison Solutions offers this power of choice to customers in New York, Connecticut, District...
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...October 1, 2013 FlexCon Piston Decision Perform a quantitative insourcing/outsourcing analysis using the data provided. What qualitative issues might affect your final decision? Identify any costs or issues that are not part of your analysis that might affect your decision. What is your recommendation regarding what FlexCon should do with its family of pistons? Support your arguments with evidence gathered during your analysis. FlexCon is a company that prides itself on the quality of its pistons. Lately they have been relying on suppliers for major components while manufacturing simple items with relatively small differentiation. By doing this, too much of their talent is going to waste leaving them with a big decision of whether to keep outsourcing or to insource. They are already heavily dependent on suppliers for critical components. The cost it takes to insource is greater than the cost to outsource but deciding to outsource may jeopardize their quality. One critical issue that affects the decision to outsource is whether to jeopardize their quality. It was said that by cross-training employees and putting them in teams, there was a 30% increase in quality and 20% gain in productivity when making the pistons. Gaining quality and productivity are definitely reasons to continue insourcing. If they did decide to outsource it would leave room for developing new products or expanding an existing product. Stated in their 6 key trends that...
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...early supplier integration into the design and manufacturing of the new Deere Skid-steere loader. His task is to make sure that the suppliers integrate based on strict selection guidelines that will prove to be critical in improving the new Deere skid-steere loader. he will have to be careful in choosing the criteria for Selecting Suppliers for integration into the manufacturing and design. required to produce a proposal that outlines how Deere is going to manage the early supplier integration into the design and manufacturing of the new Deere Skid-steere loader. The new manager also was a given deadline to finish the task. 1……... One issue for Deere and Company is their contract with New Holland. Deere and Company pioneered the skid-steer loader market more than 25 years ago but subsequently decided to contract the engineering and manufacturing to New Holland, an independent contractor. But as the demand for new skid-steer loader increased, New Holland had refused to sell additional production capacity to Deere and Company. New Holland is a potential competitor to Deer and company, and depending on a competitor to provide materials for your company can be a challenge. Doing business with New Holland can put Deer and Company in danger in the long run. To solve this problem, Deer and Company must change the way it does business with New Holland. The new supply management manager of Deere and Company Scott Noland will have to make sure that all the present suppliers at new...
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...life. People cannot afford anymore to cook their own meals, it is important to have food fast and cheap at work, at school and at social events. This is why catering has become multibillion dollar industry, giving job for thousands of people. Catering is a business of providing foodservice at a certain site such as hotel, school, workplace or other locations. There are various types of catering: * Mobile catering: providing foodservice from a vehicle or cart provided for the purpose. It’s common at outdoor events such as festivals, and can also be found at downtown business districts. * Event catering: is the most common form of catering. Food is transferred from a kitchen or prepared on site and is served by waiting staff at dining tables or a self-service buffet. * School-workplace catering: in cantinas clients can choose from various ready meals which includes boxed lunch catering such as sandwiches, salads, foods and desserts. It includes the army and hospitals. * Boxed lunch catering: is prepared by the caterer and dropped of fon a location combined for the client’s request. It includes sandwiches, chips, fruit or dessert. Business Models Upon demand and profile, catering companies are divided into low-scale and high-scale catering. These services differ by using completely different kind of raw materials and resources. As an example a child’s birthday party demands tools...
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...III. Technical Aspects A. Product Concept Bubble Up Laundry is a shop where operated by a coin operated washing machines that allows the customers for self service. The washing machines are simple to use so people will not have any hard time in operating it. People don’t frightened if it will be their first time trying to operate the machines as the laundry shop always provide friendly attendants who will happily help them. They can also use their favorite detergent powder and softener to minimize expenses nor buy inside the shop. The service is available most especially to those consumers who are in rush then they may return and pick it up nor just wait until it was done as the laundry shop also provides faster service. Bubble Up Laundry shops provides washing machine operated by coins is not just an ordinary. Trusting the best quality of LG Company will help the Bubble Up Laundry Shop to decrease expenses regarding on its maintenance just to fix those units. Service is available if you are in a rush. Simply drop off to our attendant and let us do it for you. The laundry shop also aims to use the utilities that come from its natural power (such as solar panel and generators). If there will be any emergency occur, these alternative power may also help to avoid any disturbance to customers. The customers need coins in order to manage the coin-operated washing machines (It cost 5 to 10 peso coins). Then they can sort their laundry according to its color and kind of cloth...
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...operations into South America, it had to adapt its approach as it cross-docking system as it was experiencing difficulty in running logistic as infrastructures are as developed as that of the United States. Wal-Mart South America experience shows that operating supply chains internationally require that the firms are able to adapt their existing supply chain strategies in their home countries to the new environment or develop new strategies that are suitable for each country they expand to. Therefore, a successful entry into India by Wal-Mart is dependent on how well the country can execute the following steps. Understand your service supply chain i. Determine the needs of your customers and convey those needs down the supply chain ii. Obtain high quality suppliers iii. Maintain a competitive advantage by offering high value Understanding your service supply chain. The main elements of a supply chain are purchasing, operations, distribution, and integration. Wal-Mart top position in the retail market is as a result of its understanding and effective integration of these elements. Its supply chain strategy is based on the integration four key components which are: vendor partnership; cross-docking, technology and proper distribution management. This...
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...analysts and researchers repeatedly showing the value of loyalty programmes in terms of greater spending and satisfaction, more profitable customer behaviour, reduced defection levels, and unique competitive advantages. But what are the main business factors that directly influence the loyalty of your customers? According to Peter Clark, co-editor of The Wise Marketer and co-author of The Loyalty Guide report series, there are six major factors that play key roles in influencing the loyalty and commitment of customers: In this article, we've drawn guidance from many of the 36 chapters of The Loyalty Guide Volume II, to offer practical insights into the workings of customer loyalty programmes and the ways in which they can positively influence shoppers' behaviour toward the company. The result is that customer retention is not only increased but customer lifetime value and profitability are also likely to increase significantly thanks to longer-lasting and more relevant customer relationships. This article is copyright 2007 TheWiseMarketer.com). Factors influencing loyalty Looking in more detail at the major factors that influence consumers' loyalty - not only to retailers but also to suppliers in all sectors, including business to business (B2B) - the six key areas of focus identified in the report can be summarised as follows: 1. Core offering The companies that boast the highest levels of fiercely loyal customers have built that loyalty not on card programmes or gimmicks...
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...organization develop written statement; “Cocoa Delights’ responsibility to continually improve all aspects in which we operate our business no matter in term of our products and services provide, but also environment, social and economic sustainability. Our vision is put into action through programs and a focus on environmental stewardship, activities that benefit society and a commitment to build shareholder value by making Cocoa Delights a truly sustainable company and offering meaningful value to our customers. In addition, we will shift from local suppliers of services to national ones. We are creating better tomorrow.” Brief written summary of the meeting with your CEO In 2016, Cocoa Delights become a significant retail presence in stores Australia wide. Now, governments push the business to focus on the issue of sustainability, particularly on environmental issues of waste management and energy conservation. Therefore, we need to innovate some ideas and plan to handle with this. We need to keep providing customers with what they want and in sustainable aspect. Cocoa Delights is proud to be Australian made so we are practicing as the government prefer. However, we need to change our focus from local suppliers of services to national ones, and to think about opportunities to save money by gaining a wider geographic benefit and choosing media with a national reach. We still have a room to achieve the profit which we predict to grow and reach 63% of average gross profit...
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...resistance wire that is knit and braided with fiberglass and is the base technology for almost all of Swisher Systems’ products. The company also produces control devices and heating cable and is known throughout the industry as being the highest-quality flexible heat supplier. Swisher Systems has enjoyed first-mover advantages for quite some time and the industry recognizes Swisher Systems as the innovator of flexible heat. It has several patents that support the company in sustaining market share, while its patented grounded heating element provides additional safety that other flexible heating elements cannot provide. Swisher Systems’ competitive advantage stems from the quality of its products, which are able to maintain higher, safer temperatures that are more flexible that other products on the market. II. Definition of the Problem Swisher Systems is constantly looking for ways to improve its financial status but appears to be overall stable with over 55 years in the business. III. SWOT Analysis Strength • Mike Watkins has had various experiences in materials management prior to joining Swisher Systems. After earning a Bachelor’s Degree in Business Management with an emphasis on Retailing at Crawford State University in West Texas, Mike went on to gain more than 35 years of Industrial Purchasing experience. Weakness • Mike Watkins was a one-man purchasing department. He is solely responsible for purchasing all...
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