Sunday, February 23, 2020

Management Research Paper Example | Topics and Well Written Essays - 2000 words - 3

Management - Research Paper Example Several technological advancements have been made in the field of manufacturing affecting the supply chain in different ways. Current application of manufacturing technology in supply chain management and how best the technology can be utilized to improve the supply chain is analyzed in the below discussion. Logistic management is the management of the flow of goods, services and information from source to the desired destination at the lowest possible cost. Through the various stages of transmission, goods and information are faced with various challenges that are a threat to the process. Mismanagement of the logistics can lead to disruption of the supply chain both in the short and the long run. Safety measures in the logistic system determine the effectiveness of the logistic system for a successful supply chain. Among the threats to logistics are increasing with the developments in the market. Risk factors include the unpredictable change in transport and energy costs, higher cost of financing, insolvency of a basic logistic provider, changes in local and international legal requirement and insufficient number of skilled employees in the necessary field (Bielecki & Szymonik 2011) Management of the centralized supply chain is receiving much attention from firms. Firms use customer service measure based on frequency to measure efficiency in the supply chain. The actual measures conducted are the fill rate and stock out rate. These measures indicate the efficiency of the centralized supply chain system. The assumption is that suppliers are able to meet all customer needs and supply the orders as to when required. Advance production is the case with a centralized supply chain to meet customer demand with supply. However, the changes in the market are posing a threat to this system. Given the changes in technology, the supply chain

Thursday, February 6, 2020

Marketing Essay Example | Topics and Well Written Essays - 1500 words - 40

Marketing - Essay Example Such beads and jewelry also attract tourists from other countries who come to learn culture and way of life of a group of people. The company will focus on making of quality beads and jewelry which are cheap for locals to buy and attractive to tourists. In order to achieve this, the company will need to purchase various local materials and beads, which will be combined in different colors and proportions to appeal to the customers. The company will be dealing in making of jewelry and beads, which will be used as ornaments, beauty products in the house, decorations in public occasions like weddings and general decorations in offices. The company will need beads shaping machines, firing equipment and a number of workers who will be joining the beads and jewelry to form meaningful shapes and structures. Paints and colors will also be needed to turn the sculptured beads into the desired colors and decorations (Dismore, 15). Market identification is a crucial thing for any business. It is the realization of the different needs of different markets and structuring products so that they can suit every buyer in the market. This phase of business formation is crucial because without good market identification the business will incur loses and eventually fails in operation. The best segmentation technique in the jewelry line of business is the using demographic factors. In this case, an entrepreneur is supposed to consider such factors as age ranges and their concentrations in the market, gender ratios, and its effect in the market, the different ethnic communities in the market, and education levels of the community. Other factors that also need to be considered include the different occupations in the community, the religion and religious views of the community and the income status of the different families in the community (Dismore, 33). This market