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Importance of value chain management
Importance of supply chain management essay
Research The role and importance of Global Supply Chain Management
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Better Home and Gardens and The Home Depot In the current issue of Better Home and Gardens (BHG) magazine, published on October, 2004, there is an advertisement presenting how BHG and The Home Depot work together to provide new ideas and products. This is a win-win situation for both companies. Once know as “Fruit, Garden and Home”, the “Better Homes and Garden’s magazine (BGH) was first published in 1922. This magazine has become a trusted friend for over 82 years for America’s neighborhood. Better Homes and Gardens is one of the leading women’s magazine which can be found in over 2 million homes. This magazine provides new ideas, techniques and simple ways to improve your life and home. The Home Depot provides the supplies to assist with the new ideas, techniques and simple way to improve your life and home. The Home Depot was founded in 1978 in Atlanta, Georgia, by Bernie Marcus and Arthur Blank. During this time, the store contained 25,000 products; compared to today’s store which carry 40,000 different home accessories and building supplies. In the beginning, the vision of the store was to be a warehouse full of products that sold to men and women, providing the best customer service. During the next five years The Home Depot placed stores in five different states, with Texas being one of them. Today the company has over 1,700 stores which are satisfying over 22,000,000 customers each week. These stores bring in approximately $64.8 billion ...
Established as the older company of the two, Lowe’s ranks forty-second as a Fortune 500 company. Established in 1946 as a small hardware business, Lowe’s has grown into a 40,000 product, global market enterprise that consist of 1,710 stores nationwide expanding into the countries of Canada, Mexico and Australia (Lowe's Internal, 2010) Home Depot, founded in 1978, is the fastest growing retailer in the United States. Ranked twenty-ninth as a Fortune 500 company, Home Depot continues to remain the number one do-it-yourself retail store in America. These two companies may sell products of the same nature, but comparing their Code of Ethics is their way of setting themselves apart. (Home Depot Internal, 2009)
In the early 2000’s Lowe’s was rapidly intensifying its presence nationwide. The company carried a varied assortment of home improvement products and catered to the needs of retail as well as commercial business customers. Lowe’s expanded their reach by acquiring a 41-store chain, Eagle Hardware and Garden, and engaging in a strategic alliance with HGTV to obtain a more profound existence in their market (Rouse, 2005). By 2004, Lowe’s operated almost 1,000 stores with plans to continue expansion across the nation (Rouse, 2005). The company has a core competency in helping customers meet their home improvement needs at a low price. In order to use this core competency to gain a competitive advantage, the company has focused on key functional strategies. To continue their success, Lowe’s must specifically focus on marketing, logistics, and human resource management strategies.
Lowe’s is leading the way by example. Lowe’s believes that creating long-term partnerships is a win-win situation for both sides of the deal. Lowe’s is the second largest home appliance retailer in the country, by working hand in hand for twenty-six years with Whirlpool, the largest marketer and manufacturer of home appliances. Whirlpool and Lowe’s have worked together to become unmatched in bringing their customers a high quality product and a very low competitive price. Through a tremendous logistical effort Whirlpool and Lowe’s have created a one of a kind Innovation Tour. A semi-trailer transforms itself into a functioning kitchen to show customers cutting edge appliances that will be available at Lowe’s in the future from Whirlpool and Kitchen Aid. As Lowe’s motto states, Lowe’s truly is “Improving Home Improvement”. (http://www.businesswire.com/)
Working in a Store Support Center, rather than a corporate headquarters, their leadership team knows that the most important people in the fabric of the company are the store associates and store leadership teams. Frank Blake was appointed as the Chief Executive Officer of Home Depot in January 2007 (Sellers, P.). He joined Home Depot in 2002 as executive vice president of Business Development and Corporate Operations and was responsible for real estate, store construction, credit services, strategic business development, growth initiatives, call centers and the Home Services business.
It went public very successfully in 1973 and in 1979 developed a further joint venture with Belgian retailer, GB-Inno-BM, setting up a successful chain of DIY stores with a supermarket-style layout under the brand ‘Homebase’. Hombase grew into a very profitable concern and in 1995 acquired ‘Texas Homecare’ tripling in size overnight. Homebase was subsequently sold in 2000 for almost £1billion.
Seamlessly overshadowing the competition, Home Depot prided itself on offering the best customer service the industry had seen. Store associates were trained to guide customers in an array of do-it-yourself (DIY) projects. Being able to offer such expertise at affordable prices revolutionized the industry of home improvement. The decentralized business model Home Depot
Home Depot is the brainchild of Bernard Marcus and Arthur Blank and came about after both men lost their job in the home improvement industry in 1978 (Parnell, 2014). Home Depot has acquired several smaller home improvement stores in both the U.S. and abroad through the years which enabled it to position itself as the world’s largest home improvement chain (Parnell, 2014). Home Depot focuses on the do-it-yourself segment of the market and sells sells tools, construction products and services. Marketing is a strong point for the company. They are able to maintain a competitive advantage by keeping themselves available to their customers at all times. Home Depot has been using both online and offline marketing efforts. The internet has become a very useful tool for the company and part of the reason that they are leading the market in DIY stores. Home Depot currently provides DIY videos on YouTube and Vine that cover current topics that consumers are likely to be interested in. They also have social media pages on Facebook and Twitter, where they have a huge following. They provide online communities where actual employees answer consumer’s questions and provide assistance on
Figuring out if they should find jobs right out of high school or go to college first. Nevertheless, most people are sure that they want to have a better job. Not only one that will pay more, but one they are pleased with, and one that makes him/her happy. Today, practically 60 percent of all jobs in the United States require their employers to have a higher education. Jobs for individuals who only have a high school diploma are decreasing. A large majority of high school graduates work in some type of service industry. These individuals also work in low paying jobs with no position to advance. On the other hand, college graduates tend to have more skills that qualify them for a much larger range of employment opportunities. This makes it easier for them to move up in positions. According to Catherine Rampell, “there are more employed college graduates today than employed high school graduates and high school dropouts put together” (678). Thus, as the economy progresses over the years to come, college graduates will be better placed to find jobs that will offer a larger amount of pay. Therefore, earning a college degree will greatly enhance your marketability as a professional.
One of the many reasons why getting a college education is worth it is because there are more job opportunities. Most job now a days don't just require a high school diploma. A lot of employers are looking for people with degrees because they have more knowledge and will get the job done right. Between December 2007 and January 2010, jobs that required some one with a college degree grew by 187,000. Georgetown University calculated that by 2018 nearly 63% of jobs will require at least some college education. Finding a decent job is tough now a days, but having a college degree or at least some college education will make it a little easier. A degree may not necessarily guarantee a good high paying job, but the chances are a lot better with one (procon.org).
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank in Atlanta, Georgia. With their store, Marcus and Blank revolutionized the do-it-yourself home improvement market in the United States. Home Depot began as a very basic store, operated in a large, no-frills warehouse. Home Depot carries over 35,000 products, with national brand names along with the Home Depot brand. At the start, Home Depot was able to offer exceptional customer service with knowledgeable employees who could guide customers through home renovation projects. Since its opening, Home Depot has experienced incredible growth, and today is North America's second largest retailer, and the largest home improvement retailer. Internationally, Home Depot has expanded into Canada, Mexico, and is beginning to operate stores in China. Home Depot's competition includes Sears, Ace Hardware and Lowes (the main competitor).
According UN’s The World Population Prospectus: 2015 Revision, the world’s ageing population is growing rapidly in contrast to the shrinking working age individuals. As a result, it is likely that the global economy shrinks as jobs are not substantially filled. Indeed, east Asian countries experience this demographic change at large. However, as markets are highly dependent, this change may sway the focus of global commerce. Generally, it is suggested that the market for retirement lifestyle is growing. Indeed, there have already been fueling demands for public investment to meet the needs of seniors and children in Japan. Hence, this hints at a potential shift in global market focus. However, the problem is not as much an issue in the U.S.
I came to the realization that I couldn’t go through life feeling sorry for myself. I was spending my time letting myself make an unfortunate situation worse. So I made the choice to stop. I realized that just because basketball was what I liked to do in my free time didn’t mean it had to be what defined me as a person. I had spent so much of my life dedicating all my time to basketball that I had wasted precious time I should have been using to have experiences and turn myself into a dynamic individual instead of a one dimensional so called
I shadowed a primary care physician (PCP), a cardiologist, and a General surgeon in Little Rock. I was introduced to triaging, monitoring patient diets, and transitioning from diagnosis to treatment. These experiences exposed me to some of the immense responsibilities of doctors. Through my experience shadowing Dr. Richard Jackson, I learned the necessity of compassion in a physician and that it is as important as medical procedures. I observed him putting a colostomy bag on a seven-year-old girl diagnosed with colon cancer. When she recovered from surgery, he noticed she was sad and scared about the colostomy bag. He comforted her by telling stories of many other children who also had colostomy bags at a young age and finished his conversation by making funny faces at her. This made her happy and her smile expressed joy and the beauty of being alive. It taught me that a patient’s emotional health is as important as their physical health, and both factors need to be considered when providing care. This shadowing experience enabled me to see what it is like to be as a practicing physician and further reinforced my desire to be a
Those without a degree are four times more likely to be unemployed than someone with a college degree. That being said college is a great way to help find opportunities to get a job. A College degrees will help give guidance to helping you find a job. With a degree it give a better chance finding a job in a random job field or helping you get a job in the more specific work field such as a degree in the medical field. One thing that is great with a college degree is that it allows opportunity. Lots of people who have graduated from college do not work in the job field they graduated from. Instead they work at jobs that gives them the hire paycheck, benefits or vacation time. Most degree allows people to have a greater chance of getting a job after applying. Employers when they see that you are a college grad that gives you a huge chance over somebody who has is not went to college. Also depending on the college you went to is a great benefit. Example of this would be Hamline. Hamline is a liberal arts college which plan is to work to incorporate all types’ courses and subjects to make you think more critically and be a better problem solver. Going to college shows that you are able to think clearly and be able to work in a group environment. Being able to work in a group environment shows that you are a team player and be able to put the company first instead of
Greer, D. (2004, September-October). Green builders get big help from deconstruction. In Business, 26(5), 20. Retrieved from http://www.jgpress.com/inbusiness/archives/_free/000648.html