This paper discusses the relationship between supply chain and the supply and demand model. In the global marketplace of today, an integral aspect of supply chain connections has been the basis of competition for most firms as opposed to the traditional dependence on unique brand names as independent entities. In this regard, a firm’s overall […]
Globalization Globalization is an integration and interaction process among governments, companies, and people of different nations. It is an investment and international trade driven process and it is supported by information technology. The globalization process has influences on the culture, environment, economic development, political systems, economic prosperity, and on human physical well-being in the international
Procurement refers to the acquisition of commodities i.e. goods, services or even works from a different external source(Halldorsson et al., 2003). Any acquisition should be done in the best possible interest of the procurer. The goods, services and or even work should be acquired at the lowest possible cost, be of the desired quality and
Currently, Wal-Mart chain of supermarkets has been utilizing Radio-frequency Identification (RFID), a wireless technology that uses electromagnetic fields to communicate with different departments. The technology transfers data by identifying and tracking tags attached to the principal objects. In the logistics sector, automatic identification technology has become an important consideration since it brings numerous merits which
Considerations in Creating Effective Supply Chain for a Middle Eastern Company One of the major considerations to be made while creating effective supply chain for a Middle Eastern Company is culture. West and Middle East arguably share the largest gap with regard to culture acceptance and ignorance. This gap has made it hard to establish
Marketing is very vital in every business especially when introducing a new product in the market. It is communicating the worth of an item, service or a make to the consumers for an intention of endorsing or advertising that item, service or a make to the market (Blanchard, 2010). Marketing promotes teamwork amid buyers and
Unforeseen supply chain vulnerabilities and disruptions have adverse impacts on all parties across the supply chain by altering the flow of commodities. A key reason for the disruptions and vulnerabilities is the lack of a robust framework to identify and efficiently manage supply chain risks. Without a robust risk management model, risk awareness and response
Introduction Japan has for a long time been known as the major source of the automotive product in the world. It holds four major automotive manufacturing plants in the world. These companies include Toyota, Mazda, Nissan and Honda. In this regard, the March 2011 earthquake that took place in Japan affected the world automotive industry
Effective supply chain management is the backbone of every successful e-commerce business. It refers to all the interlinked processes that are required to manufacture and deliver products to consumers. It involves the development of an integrated system to manage procurement, coordination and scheduling. Furthermore, effective supply chain management requires that all procurement, production, deliveries and
Why Dell’s supply chain strategy is successful Back in the 1990s, Dell became one of the leading companies to use its supply chain management efficiently. This was based on its direct model, which translated the make-to-stock idea to make-to-order strategy (Blanchard, 2012). This strategy assisted the company in reducing its cycle times to the level