Supply Chain Paper
The internet environment has created many opportunities for businesses to expand their markets, reduce costs, improve efficiency, increase customer satisfaction and help partnership with others who are part of the supply chain. Companies must become experts in e-commerce today in order to take advantage of the opportunities and compete in a global economy. Business-to-Consumer (B2C) and Business-to-Business (B2B) commerce are the exchanges companies use to stay competitive. These exchanges are unique in their function and create distinct supply chain site differences. This paper will discuss B2C and B2B commerce and how the supply chain differs on a B2C site compared to a B2B site.
B2C sites are internet based market places. E-business portals link customers to suppliers with the objective of passing goods and services to the end user. B2C sites use three venues to entice prospects to become customers. The first venue is the auction store, the second venue is the on-line store, and the third is on-line services. The internet auction store, like eBay has many advantages such as convenience, increased reach to a global market, and because this is a virtual market no infrastructure is needed, so the cost of doing business is reduced. The disadvantages are that the bidder is left vulnerable to possible fraud because the bidder must trust the seller to transfer the goods, and not being able to see the merchandise upfront is another disadvantage. The physical product is only viewed through pictures and descriptions that may not reveal the actual condition and quality of the merchandise. The second venue, online store, benefits the company by increasing demand, low-cost global reach, cost reduction, and overall reduction in costs. The third venue, on-line services is using the exchange to provide customer service, or as a tool to enable the creation of services that can help to make life easier. On-line services seek to leverage the power of the internet. Advantages to the consumer are lower prices, wider choice selection, better quality information, and convenience.
Capabilities of the B2C exchange are real-time, instant communication among participants in the supply chain; global access into new markets on a larger scale; because of the immediate exchange of communication the ability to customize the merchandize to the need of the customer possibilities is increased; purchase availability is offered around the clock. The functionalities of the B2C site are that de-intermediation is an option and consolidation and convergence take place to facilitate a large market ad it is easier to place orders and to fulfill them.
and even guest speakers. I decided to start my REDay at 8:30am to listen in on Global Supply Chain Research. The presentation was conducted by current students in Global Supply Chain Management Class 310. Each student was put into a group that was assigned a regional organization at the beginning of the semester, and the goal of the project was to save the assigned organization money on their current supply chain. The REDay presentation was an inside look of where their current project is, and it
Businesses use what is called a supply chain to make it possible for them to provide the consumers with the products they desire and need. What exactly is a supply chain and how does it ensure that everyone gets what they need? In this paper we will define a supply chain and also take a look at business to business supply chains and business to consumer supply chains and see how they differ and how they are alike. Investopedia.com defines a supply chain as follows: "Supply chains include every company that
Crocs Value Chain Crocs entered the shoe market with a new style of brightly colored footwear. Crocs designed and manufactured footwear for all age groups. Utilizing an innovative value chain supported the phenomenal growth of the company. This paper will discuss the company’s leadership, flexible supply chain and product diversification and how these aspects contribute to the overall value chain of the company. The Beginning Crocs began in 2002 by introducing a revolutionary boat shoe. The
more globalized marketplace, the need for a universal definition of suitable ethical standards and corporate social responsibility is imperative due to the recent upsurge in global welfare issues. If successful, every facet of the business and supply chain would concentrate on not only the maximization of wealth, but the well-being of all stakeholders. Until such time, many multinational corporations (MNCs) are continuing to encounter human rights issues resulting from unethical actions from overseas
Value Chain Analysis Technology has played a huge role in how companies today conduct business with their consumers. Over the past few decades there has been a shift in business models and strategies because of the emerging innovation in technology. One of these innovation are e-commerce, businesses that use e-commerce can now see a major difference in sales and revenue. Amazon has taken the idea of e-commerce and turned it into a successful and profitable business. Amazon Company developed a brilliant
Operations Management The purpose of this paper is to describe the importance of operations management to a health care organization. In addition, the author of this paper will provide a personal definition of what operations management means and why is important to a healthcare organization. According to the Institute of Operations Management The cost of providing fast, reliable health care is always an emotive issue, but it has been brought to the fore again via the Gershon report, which is
John Deere’s ability to operate profitably throughout their business cycle has been through proper supply chain management, rigorous cost controls, and lean productivity John Deere shows ambition towards future sustainment with agricultural equipment solutions and a larger global presence in their construction equipment product line. While agriculture equipment
According to a North American dictionary entry vertical integration is defined as “merging of companies in supply chain: the merging of companies that are in the chain of companies handling a single item from raw material production to retail sale” (“Vertical Integration,” 2009). Though the definition of vertical integration is quite simple the concept is much more complicated than one may think. There are four strategic factors that must be established by business leaders before the implementation
focusing on the Vitamin C controversy in New Zealand on its Blackcurrant Ready-to-drink (RTD) variant, were also reviewed to find out if its efforts result in positive outcomes for the company. This paper focuses on the Ribena controversy and will aim to identify the key issues of the case. The paper shall recommend, based on theory and concept, a set of coherent actions that GSK may have taken to possibly avoid the legal and reputational situation that resulted from their actions. Potential problems
which will be to the barcode as the Internet is to the telephone. RFID is short for Radio Frequency Identification. RFID is a combination of many tags to few readers that communicate with each other to determine a part or person’s whereabouts in a supply chain or surrounding area. RFID tags, like bar codes, share the central purpose of representing a data chunk. The RFID tag does not actually do anything (i.e. calculations, manual counting, etc.); rather it just transmits the data that is stored within
employee accountabilities. The sustainability strategy that is being integrated into every business function and strategic business unit; will involve suppliers, employees and more increasingly customers. (Richardson, Page 98, 2015) This is a short paper analysis that will examine two potential
of shipping data into their internal systems. Meantime, the shipping giant is taking those lessons into new territory. It has launched a consulting practice that helps manufacturers tighten their own supply chains and reduce inventory requirements by more closely tracking the movement of supplies and finished products. Related Story: FedEx Delivers On CEO's IT Vision Additional Transforming Business Strategy Stories Transformation Of The Enterprise Home Page Colleagues and outsiders
Leagility Defined for the Supply Chain Two words, lean and agile, combine to make the word leagility. Supply chain managers need lean supply lines to eliminate waste and keep costs low. They also require agile supply chains to get the right amount of the product to the right place in order to satisfy the ever-changing nature of the marketplace. Traditional management recommended a lean supply chain for products with a stable demand, yet low profit margin. Conversely, products with a high profit margin
efforts in overnight and deferred air services. Both of these carriers have introduced information systems, which include user-friendly Internet interfaces. The carriers have also expanded logistical services and improved integration with customer supply chains. State of the Environment State of the General Environment More and more people are using computers and the Internet. Dual income families have increased spending; therefore more people are ordering products over the internet at a high rate
Supply Chain and Inventory Management December 6, 2008 Supply Chain and Inventory Management With the increased globalization, competition and complexity in global supply chains, more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is no longer just the responsibility of the warehouse manager and logistics director (Pundir, 2008 and Wharton). In the past, many organizations didn’t manage their supply chains they left that up