Sunday, May 24, 2020
Tuesday, May 19, 2020
International Business And Economics Research - 907 Words
over the online competitors permitting local customers the ability for a more conventional shopping experience, to inspect garments before committing to a purchase. A professional tailor and T-shirt printer are trading within the establishment for any immediate alterations or printing requests. The custom made items and imported clothing lines aren t likely to be seen or found on the high-street. There has already been interest shown via social media accounts and blogs from members of the public to place orders and purchase items from the website once it is trading and stock is available. 4.5 Company Ethics Models used to advertise the products aren t perceived to be abnormally underweight like the majority of cutting-edge fashion designers, thus promoting body confidence for the average consumer and not encouraging eating disorders. The use of real fur requires chemicals to keep them from decomposing and production pollutes the environment and can use up vital resources. The fact that real fur causes millions of animals to suffer every single year there are synthetic alternatives using more affordable imitations, promoting eco- and animal-friendly ethical issues.The International Business Economics Research Journal outlines how the outbreak of the internet have had a considerable impact on the fashion industry, the findings of this study revealed factors that determine consumer behaviour with regards to the rise in e-puchase s that is forming a substitute to theShow MoreRelatedInternational Economics And The Field Of International Development716 Words à |à 3 Pagesin the field of international development. These courses are: International Economics (Manisha Pradhananga, Professor), Business Society (John Spittell, Professor) Environmental Natural Resource Economics (Steve Cohn, Professor) and Environmental Ethics (Bill Young, Professor). These particular courses had a great impact on my decision to pursue a major in Economics and a double minor in International Relations Business. In International Economics, I had written a research paper on low-incomeRead MoreEssay on MBA detail course outline1314 Words à |à 6 PagesOrganizational Communication â⬠¢ Organizational Communication â⬠¢ Organizational Communication â⬠¢ Principles of Management â⬠¢ Principles of Management â⬠¢ Principles of Management â⬠¢ Principles of Management â⬠¢ Research Methods â⬠¢ Research Methods â⬠¢ Research Methods â⬠¢ Research Methods â⬠¢ Organization Theory â⬠¢ Organization Theory â⬠¢ Financial Accounting â⬠¢ Financial Accounting â⬠¢ Project Management Fundamentals 2nd Quarter â⬠¢ Project Management Fundamentals â⬠¢ Project ManagementRead MoreI Am Choosing The George Washington University ( Gwu )752 Words à |à 4 Pagespeople who are unprepared for its transformation. I grew up in Peru, where access to microcredit for poor entrepreneurs with brilliant business ideas is scarce. I spent two years in South Africa, where starting a business consists of waiting over 200 days to get electricity set up. Working on Panama, I have seen locals fight for jobs in a Canal condemned by international contractors. With lack of opportunities and inadequate resources, people are unable to escape poverty. As our world becomes increasinglyRead MoreInternational Marketing. Submitted By: Zeinab Amin. Submitted1484 Words à |à 6 Pages International Marketing Submitted by: Zeinab Amin Submitted by: Melanie Simmons International Business Northern Alberta Institute of Technology March 12, 2017 ââ¬Æ' Table of Contents INTRODUCTION 3 INTERNATIONAL MARKETING 4 MARKETING PLAN 5 FACTORS EFFECTING INTERNATIONAL MARKETING 6 PEST ANALYSIS 6 POLITICAL 6 ECONOMIC 7 SOCIAL 8 TECHNOLOGICAL 8 INTERNATIONAL MARKETING STRATEGIES 8 EXPORTING 9 LICENSING AND FRANCHISING 9 JOINT VENTURE 10 DIRECT INVESTMENTS 10 CONCLUSION 10 REFERENCES 12 ââ¬Æ' INTRODUCTIONRead MoreMarket Research ââ¬â the global scenario Marketing research is a very vital part of any marketing1600 Words à |à 7 PagesMarket Research ââ¬â the global scenario Marketing research is a very vital part of any marketing intelligence system and helps improve the management decision making by providing information that is relevant, accurate, precise and timely. Every decision that poses unique needs for information and related strategies can be developed based on information gathered through marketing research in action. Too often, marketing research is considered narrow for the collection and analysis of data for othersRead Morethe biggest challenges and biggest opportunities facing new managers entering industry883 Words à |à 4 Pagesï » ¿ In the current economic climate, what are the biggest challenges and biggest opportunities facing new managers entering industry? Full reference 1 Department for Business (2012) ââ¬ËLeadership Management in the UK - The Key to Sustainable Growthââ¬â¢ [online] available from [05 November 2013] Source type This paper has been written by the Department for Business, Innovation Skills Leadership and Management Network Group (LMNG). Key contributors include Petra Wilton and Patrick Woodman ofRead MoreFamous Management Journals1231 Words à |à 5 PagesRESEARCH WORSHOP ASSIGNMENT # 04 According to the subject classification of your discipline print the followings: âž ¢ List the journals in your discipline âž ¢ List of approved journals by HEC âž ¢ List of journals in your area for ISI Thomson list âž ¢ List of some selected journals with some impact factor MPhil Human Resource Management SUBMITTED ON: 2nd March, 2012 Discipline Chosen: Management Area Chosen: HRM Journal StatedRead MoreReflection Journal in International Business1692 Words à |à 7 Pagesgiven the slides by Mr Dasilva, my heart pounded. Oh noâ⬠¦. International Business. It sounded so global and dry. I was hoping that it will be somewhat similar like Marketing. However, we were told that International Business is defined as Globalisation of Business where countries are more integrated and are interdependent on world economy. Which is similar like Marketing but in a wider view. Approaching to the learning of International Business, students were told on the Problem Based Learning. We learnRead MoreShould China Adopt International Accounting Standards?.1532 Words à |à 7 PagesShould China Adopt International Accounting Standards? The International Accounting Standards Board (IASB) issued and developed the new International Financial Reporting Standards (IFRS) as new international accounting standards after 2001. In 2006, the Chinese government issued a new set of Accounting Standards for Business Enterprises (ASBE) which are substantially consistent with IFRS. As mentioned in the scholarly article of Li and Sun (2011), there are some primary differences between ChineseRead MoreIntroduction. Coca-Cola Is One Of The Company That Gets1482 Words à |à 6 Pagesoutside of the United States; this is a perfect example of international Marketing. The term ââ¬Ëinternational marketingââ¬â¢ is not only based on marketing, but rather more building, and executing a solid marketing plan and actively looking for opportunities to expand a given business by moving to new geographic markets, finding new offerings, and products and services that would fit within your company. No doubt expanding a business to an international market can be very challenging. It is costly to implement
Wednesday, May 13, 2020
The Role Of Employee Worker With The Blake Family
As a masters level intern at the Department of Children and Families, there are opportunities to assist clients as a professional social worker. During this time, I have been assigned the role of ongoing worker with the Blake family. We have begun to develop a relationship and I have taken an active role to ensure the children are properly cared for and the family has the necessary services that are available to them. This is the first time working with a family in this role and has been a learning experience. The Department of Children and Families exists to ensure the safety of children, from abuse and neglect, while aiming to strengthen families across the Commonwealth of Massachusetts (http://www.mass.gov/eohhs/gov/departments/dcf/).â⬠¦show more contentâ⬠¦There are tasks that are to be done at the office such as written dictation, written assessments, supervision and other client related tasks. The ongoing worker also spends a large amount of time traveling to the homes of consumers or other geographic locations that may be relevant to the client systems life. These locations include schools, hospitals, the courthouse and many other settings. This position, of ongoing worker, finds the social worker frequently out of the office. The setting of DCF and the role of the ongoing worker provide ample opportunity to learn and utilize different social work skills. The consumer that I have been assigned to work with is the Blake family. This family consists of the father John, aged 32 and his wife Sherry, aged 30. John has recently received temporary custody of his three children. A previous relationship with a woman named Alison has given John the three children. John and Alisonââ¬â¢s former relationship is also the reason for DCF involvement. The children are named John Jr., Jessica, and Jefferson. They are age seven, six, and one. Sherry also has a child from a past marriage. Sherryââ¬â¢s daughter is named Beth and is nine years old. The six of th em currently live together in a three bedroom apartment in central Massachusetts. An attached genogram, figure 1, and ecomap, figure two, help understand this family unit. The household is Caucasian and are a working class. John and Sherry are both working full time.
Wednesday, May 6, 2020
Staff Development Presentation On Cerebral Palsy - 1534 Words
Staff Development Presentation On Cerebral Palsy We all know that every child is unique in one or another way. He or she may be different from the developmental level, or might be suffering from some types of disabilities. But as a teacher we must understand the needs and requirements of every child and consider the equity in the classroom. There are different types of disabilities that the children are suffering from, but today we will discuss one of the physical disabilities in children, and that is Cerebral palsy. Cerebral palsy is a neurological disorder caused by a brain damage. The damage of the brain might be before the birth, during the birth process, or after the birth due to an injury or accident. The effects of this damageâ⬠¦show more contentâ⬠¦Some other types of disabilities that also can be associated with cerebral palsy are learning disabilities, intellectual and developmental disabilities, speech impairments, eating problems, and some sensory impairment. What Causes Cerebral Palsy? It is due to a brain damag e caused during the birth time, or after the birth, but usually it occurs during fetal development. The major causes of cerebral palsy in the infants are breech births, respiratory problems in the infants, physical birth defects as faulty spinal bone formation, Low Apgar score, low birth weight or premature birth of the infant, being a twin or part of a multiple births, and sometimes having seizures shortly after the birth. Other children might have Cerebral palsy because of injury in their brains caused by an accident. These types of damage in the brain disrupt the brain s ability to adequately control movement and posture. No doubt most of the causes are unknown, but certain infections during the pregnancy, premature birth, and risky delivery can be the main causes for cerebral palsy. The specialists say that no more than 2% of the cases might be caused by genetic disposition. No doubt the cerebral palsy affects muscle movement, but it isnââ¬â¢t caused by problems in the muscl es or nerves. It is caused by damage in parts of the brain that control muscle movements. Cerebral palsy may not be detected until months or years later though the majority of children with cerebral
Summary of leaders and followers Free Essays
Summary of ââ¬Å"how to cultivate effective followerâ⬠April Wang English Composition I Professor Hampton October 25th, 2012 cultivate effective followersâ⬠2 Summary of ââ¬Å"How to In the article ââ¬Å"How to cultivate effective followersâ⬠, the writer Christopher Lorenz identifies that followers who could not follow a parade in the past is playing a remarkable role during recent years, that is to say, since the followers are taken into fully account nowadays, they are becoming more efficient and play a key role in the many. However, the author also stressed that he was not going to have a debate with anyone who had great passion for leadership. According to the author, followers are divided into five types in this article: sheep, yes people, alienated followers, survivors, effective followers. We will write a custom essay sample on Summary of leaders and followers or any similar topic only for you Order Now In that case, some recommendations are also given to help foster efficient followers. Truly, most of the time, we do not act as a leader but a follower. Viewing that issue, Kelly, who is an industrial administration in Pittsburgh at Carnegie-Mellon University, did a research about it. Basically, it is separated in to five different sorts according to followersââ¬â¢ various qualities in Kellyââ¬â¢s study. First, sheep only do, if any, what the leaders let them do. They do not have their own opinions and depend on their leaders all the time. Yes people, obviously, are also a group of people who concern nothing but the tasks are given. Only when the leader is ââ¬Å"blindâ⬠, this type of followers may be popular. Alienated followers are cynicsââ¬âthey hold their own ideas which are always the opposite of their leaders and never drop them. Survivors depend on their tradersââ¬â¢ tempers. Their motto is ââ¬Å"does anything that can please leadersâ⬠. Effective followers, who are probably only imaginations, are the most ideal ones. They 3 are not afraid of taking risks, for they claim that they have equal duties for their organizations. Hence, Kelly provided some strategies to us to develop more effective followers. First, the most important thing is to create a common value which can help them work toward a same goal. For example, give customers best services and make them feel at home. Second, aim for making independent and decisive followers. For instance, leaders can allow followers to speak out, which mean they can discuss strategy plans together. Third, leaders should be willing to share powers to others. At the same time, followers will have much more opportunities to make decisions. This is a beneficial way to get everyone involved. Generally speaking, followers should be paid more attention not only by leaders but also by our whole community. When talking about this, I strongly agree with him. Here are my reasons. First, evidently, in a company, only leaders can achieve nothing. Leaders and lowers hold each other tightly toward a common destination is a best way. Thus, the author evidences us some ways, which are studied by Robert E. Kelly, to make efficient followers. I also learnt it in my leadership class. An efficacious company needs appropriate followers to work with leaders actively to overcome obstacles. If the company is a manufacturer, it needs people to do a single thing day and night. Then, sheep followers are popular. Second, as we can see, in this article, Kelly (1989, Para 3) said, ââ¬Å"What distinguishes effective followers from leaders is not intelligent, ability or any other qualities, but the role they playââ¬â¢. Definitely, everyone should 4 have the opportunity to take control, make decisions and give advice. They can choose someone who has a specialization on the task to help achieve the goal effectively, someone need not to be a leader, someone who are brave and responsible enough to take actions and changes. Last but not least, the time of being identified as a follower is much longer than being a leader; hence, everyone has the necessary to learn how to be both popular leaders and efficient followers. When I was a freshman, I Join the student association as a leader in one of the student groups. At the same time, I also had a leader in the whole association. I should learn how to be benign to my followers, how to get along well with my colleagues, and how to be credible to my leaders. To achieve the authorââ¬â¢s goal, he does use some available writing styles, but not everything is so perfect. Logos is the most extraordinary style in this article. At first, he used two clear lists to introduce us the different kinds of followers and the ways to achieve effective followers. Second, his langue is terse and perspicuous. For example, ââ¬Å"sheep are passive and uncritical, lacking in initiative and responsibilityââ¬â¢. Only one sentence can tell the main characters of sheep. There are also some drawbacks. First and foremost, I think there should be some examples, when talking about different types of followers. It would more clearly. Moreover, from the whole essay, the author used too much Kellyââ¬â¢s words. It would be better to add more opinions about himself. To sum up, I forcefully believe that followers are also taking a big issue. For one thing, no matter how little the company we stayed is, followers should be regarded as 5 equal as leaders. For another, it is strongly suggested that more attention should be taken on followers, since we are more likely a follower rather than a leader in a company. In addition, here is a virtual advice. If a leader is not willing to share power with his followers, it is hard to build ideal followers-?effective followers. How to cite Summary of leaders and followers, Papers
The Eclipse free essay sample
Iââ¬â¢m pretty sure I was listening to Modest Mouse when it happened. I had brought my iPod to the rooftop with me because I thought I would be bored, watching an eclipse. A lunar one, even. In the dark. But while I was gawking up at the stars, the only music I needed was my own mindââ¬â¢s wonder; my thoughts electrified with clarity. I could see everything then, in that drawn breath of the universe that shook me, hard. I pulled off my headphones, and the silence was beyond imagination. It was then that I realized I could finally hear myself think. In that tiny instant, I understood so clearly how much greater life was than my tiny earthbound thoughts, my dusty mental string of to-do lists and vague intentions, the little dot that was my life spiraling up and being lost in the immensity and clarity of the universe. We will write a custom essay sample on The Eclipse or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The silence of that moment was louder than my music could ever beââ¬âit sung not to my ears but to my mind, my soul, my life. I believe in the instantaneous. I did before then and I do even more now. That night, I found the moment that I had stayed up all night for, and in some way, that I had stayed up all my life for. It is not the only moment that I have been swept away by, and I hope it will not be the last. Most of my life is variation on the routine that has grown so familiar to me over the years, and I accept that; I welcome it. But even as I go through the motions of living, making the pattern that my life will be, I will always be on the lookout, watching for another moment. It is my promise to myself that no matter how large or how crucial my life feels at that moment, I will always remember to stop and dismiss the necessary, the practical, the straightforward thoughts. I will pause once in a while, listening for that earsplitting silence. When I hear it, I will once more smile, and think troubling, useless, silly, clever, probing thoughts that echo back in my mind, and the growing pattern and mo del of my life will fade away in the light of another moment of pure thought and feeling, tied to nothing, meaning everything. I like everyday life; truly I do. I look forward to college and watching game shows and drinking iced tea and writing and making my bed and physics and handshakes and tea parties and just living. I enjoy the tangled frenzy of life, the idea of weeks and years compressing into a solid identity that I live by, but I will always hold my instants closest to my heart as I go through the years. I believe in moments, and I know that nothing is ever practical enough to stop me from sneaking out to watch the lights go out. Nothing can stop me from feeling and reveling in the very moment that change arrives. I love my life, but I live it for the moments.
Monday, May 4, 2020
Operation Theories
Question: Write a brief description of two or three relevant Operations theories (the theories should address the underlying processes on which quality depends- do not rely on general quality/business process theory. Answer: Operational excellence involves the improvements of the company through achieving the competitive advantage. The operational competency of an organization would give a result for value for the customers along with financial benefits. However, all industries experiences operation failure in their system. The problem can lead from the disruptions and error in materials, information and equipment. Operation of the organization deals with the transformation of the input into outputs so that the transformational process is managed and determines the efficiency and the profitability of the organization. Finance, marketing and human resource are the sectors which support the operation of the organizations (Schnsleben 2016). The global market is managing the operation with its factories, stores and the distribution sectors. Supply chain in operation management is the most important concern as it deals with the flow of the goods and the products through the channel of customers, organizations or the partners of the supply chain (Chase 2012). Coordination of the operation is possible through minimizing the cost and improving the quality. The company needs to manage the process and the human resource through a complete dynamic in the workplace. Organizations that have operation competencies can able to achieve a number of important contributors through performance and growth. Excellence in the field of operation can lead to involve a systematic and effective approach in the business operations. It enables the organization to initiate a productive and innovative workplace. Operational excellence can evolve in efficient systems which ensure employees, focus on fixing the problems. Employees need to understand the information and the authorization to solve the problems of the business in which they work. Nike is an American multinational company which focuses to produces and designs footwear, apparel and accessories. The company faces problems in operational management. The brief measures adopted to solve the problems of the organizations (Rushton et al. 2014). Problems relating with the organizations Nike is one of the largest manufacturers of the footwear and the apparel of America. The company is the worlds leading manufacturer and seller of the athletic apparels and sports equipment. The company however has some operational problems, which becomes a barrier in terms of expansion. The company has its stores all over the world. However, the supply chain network of Nike is extremely complex. Nike has wide range of stakeholders all over the world. The supply chain in the initial stage was developed through take it directly from the manufactures to the suppliers (Christopher 2016). However, in the 90s the company introduced Future program, which divided the operations of the organization into different geographical areas. It was initiated to improve its operation management. In the year of 2000 Nike launched some programs like Nike Supply Chain (NSC), with the goal to implement the ERP and CRM into the considerations. However, the project proved a disaster for Nike. The early 2000 Nike lowered its earnings blaming software for demand forecasting and supply chain management. The inventory lowered the sale of Nike in a considerable amount of $ 100 million. The inventory management problem is one of the significant problems that start to raise another problem of the companys ordering and scheduling system. It started causing problems for overstocking and created a huge impact in the inventory and logistic costs. The company was forced to organize the investor through initiating excess discount in the distribution channels (Krajewski et al. 2013). The case study described needs to devise a plan so that the problems could be addressed. The identification of the problem is necessary in challenging times. The primary issues outlined are the distribution of products along with development of the control process. The problems needs to address in more complete form, the main problems are inventory control and scheduling. Along with it the problem of demand forecasting has also initiates a problem in operations management of Nike. The considerations need to implement with its exploration of the strategic tools and the software which enable them to improve the operations management (Khanna 2015). showing the process map of Nike describes the supply chain of the company. The flow of the products incorporates the process shown below. The process found to incorporate the complexity of management. Nikes main operating problems occur as they try to outsource their factories. Nike has outsourced the manufacturing plants in China and Taiwan. The initiates of such are because of the cheap labor and have no barrier to outsource from the oversea areas. The last few years have suffered from the operation management because of the poor labor management in the factories (Brownet al. 2013).The operation management team failed in the process again because of its infectiveness in the supply chain procedure. The distribution of its products and services in other countries need to execute plans so that they could operate it throughout the world. The location of the new business is another problem which arises beside the two problems which rose previously. The company needs to operate its opera tion management through implementing theories in the process (Stadtler 2015). Application of theories The operations problem of Nike enables to introduce a formation of implementation of theories. Theories need to adopt so that they could improve the process. The measurements of the theories would further help to understand the situation where the company lacks. It will help them to work accordingly. The theories would help to formulate a number for available options that the company can use. The problems of the company identified can be solved with proper implementation of the above (Monczka et al. 2015). The major problem identified is on the inventory process of the organization. The analysis of the theory on Inventory Control will help them to understand the problem. Large companies that help them to optimize the production and minimize the cost use the inventory control theories. It helps to store thousands of units for products and services. The inventory theory enables to control promotion for the product where it is necessary and store it. It helps to reduce the cost for carry, which on the other hands includes in the interest of the credit needed to make the inventory. However, the part discussed so far includes the risky factors (David and David2016). The risk involves if the single part of the supply for example the interest on the credit for the inventory. The production cost and the shipping cost loss increase if it takes longer time to wait. It generally appears when one needs to wait for the ship orders especially in a busy season. The theory of inventory control helps t o optimize the labor cost through making the optimization of labor cost. One needs to forecast the demand according to the month, quarter and the year. However, if someone waits until they have the sales in order then it might causes to for a shift or overtime of the workers. On the other hand they need to pay the workers as they sit idle. Generally large organizations used to buy the inventories as the units are depleted. The manufacturer needs to adopt the new products as generated by the sales team of the warehouse. The systems measure the total amount that needs in considering the shipping of the item. The theory of inventory control revolves around creating the inventory control method considering the conditions of the marketplace. Access the capital and the production capabilities with it. The most important approach is the seasonal activity of the labor along with the customers and the fluctuations of the price (Pengand Lai 2012). Decision Theory enable to generalizes the approach in the decision making process. It ensures that the decision maker initiates the theory to analyze the complex situations with the alternatives and the consequences related in it. The decision theory is a normative theory, which solves the problems of the decisions where one can perform with contradiction without being irrational. The decision theory enables the organizations to focus on some subdivision into five steps (Becker et al. 2013). The first step is the identification of the problem. Secondly, they need to obtain the necessary information about it. Thirdly, the production of the solution for the circumstances needs to arise and it needs to amend. Fifth step is the selection of the strategy for the performance of the organization. The decision theory further concentrates to makes the decisions and chooses between options, which would help to provide the outcome for the organization. However, the process does not include prov iding a positive outcome. The outcome could be positive or negative (Berger2013).The theory however contains some serious risks. His common two criticisms are discussed against the usefulness of the theory. The first argument is on the interference problems, which arise outside the domain of the theory, it is important for the increase of the understanding of the process. The second criticism associates are about the questionable value. It arises because of the presence of the costs and the prior probabilities that is appropriate in the context for application, which is difficult (Rokach and Maimon 2014). Comparison of the theories with the process Nike has its main issue in terms of its inventory control. The theory approached contains the appropriate measures to overcome the problems of the inventory measure. The theories describe the optimization of the product through minimizes the cost. The processes of Nike involved dispatching the amount in discounts. However, the theory on inventory adopts in measure and manages their production and storage based on the cost-containment and completing the needs of the customers through service (Chernoff and Moses 2012). The case study further shows that the process involves by Nike are on storing the inventory in advance. While the theory implies that order, need to fulfill when it is necessary. Proper inventory control would lead to labor cost while the processes of Nike went wrong because of its adoption of policies to reduce its labor cost and outsourcing from foreign countries. The process of Nike needs is lacking the decision process. They need to adopt measures on the decision making process. The decision process enables in choosing from the alternatives. The situation describes to initiate possible alternatives. Nike lacks to adopt the policy from there (Slack 2015). The decision theory will enable for the pattern of demand to remain stable throughout the year. Again, the decision theory explains to get the highest expected monetary value. It includes the processes either with highest expected cost or with lowest expected cost (Cummings and Worley 2014). The adoption of the theories initiates not only the adoption but also the difference in the process comparing with Nike. However, the policies need to implement the strategies according to the theories. It would help them to achieve operational efficiency in terms of success. The two theories adopted so that it could solve the problems related with the process of the operations in the organizations (Haimes 2015). Changes would ensure improves the quality and customer requirements Nike needs to adopt an effective supply chain management, which would ensure for provide an accurate demand forecasting. The quality of the service of operations can be improved thorough its improvement in the demand forecasting. It is because of the fact that procurement, distribution, scheduling and the inventory are determined through the predictions of the demand. However, the forecast cannot become accurate so they need to adopt the essential tools and the techniques that the company can use to increase its proficiency (Kaplan and Atkinson 2015). Nike needs to consider a variety of quantitative methods to utilizing its data. It in return would enable to make effectiveness in production that would meet the demand of the customers. The company needs to ensure the demand in right amounts according to the supply. It needs to achieve through the adoption of tools and techniques in forecasting of the demand. They need to use the process of linear regression to improve forecasting dema nd. Nike could able to relate with its time and the trend of liner line. The company can predict the future predictions from the slope. To improve the quality of the company needs to improve its quality through the adjustments in forecasting of the error and improve the accuracy. They need to implement the forecast error in using the techniques like mean absolute Deviation or MAD. It can ensure improves in its quality through the determination for the predictions either high or low (Christopher 2016). Nike needs to adopt inventory management systems in the organization. The organization further emphasis on the quality of the software ensures to improve the quality of the business. The company needs to improve its domain mainly on products in which they lack the important operational activities. However the inventory management includes improves for the quality of the product (Lillis 2014). The quality and customer retention should the first priority for the company needs to adopt ways to complete the process. They need to improve their inventory process. The process needs to develop not only through qualitative method but also through quantitative method. The company needs to adopt the policies according to it. The company needs to give its focus on improving its quality through adopting tools and techniques in terms of supply chain and inventory management (Hilland Hill2012). The improvement in the quality operations would prove benefit for the company. The operation management connects with the economic forces, regulatory concerns, consolidating industries and the workforce of the industry. Nike needs to update the customer database. They need to update it through phone, email and letter. The customer needs in reminding of the business and give them options to think about them. The company needs to gives focus on its quality through encouraging repeat business. Operation improvement is the fundamental requirement for the organization. The operational efficiency leads to growth and expansion of the business. The discussion further focuses on the supply chain and inventory management makes the operations in a better state. However there are other points which need to consider ensuring better quality and customer service by the company. The company needs to adopt improvement in asset optimization. They need to adopt measures for quality and safety improveme nt. Further the company needs to execute the project. They need to adopt reliability in their techniques. The organization further needs to adopt the process of value engineering (Lillis 2014). Recommendations The dynamic demand fluctuations in the inventory management establish the company, which has inventories to satisfy the demand through, minimizes the cost. It has many cost associated with maintaining the inventories. The first step is to ensure the correct measure of the demand forecast. Nike needs to utilize the ERP software and ensure coordination among supplies. The supply chain of Nike needs to be beneficial through the consideration of the Vendor Managed inventory or VMI and the process for Continuous Replacement Program. The combinations of the strategies would initiate a positive impact on the company and its suppliers. It would improve the overall supply chain starting from its upstream of the procurement of the raw materials (Subramanian and Ramanathan2012). The right product in the outlet would ensure excesses of supply chain management. The companies start to get benefited from the VMI/CRP. VMI and CRP make the supplier responsible for the inventory management and the replenishment of the product. The implementation of its ERP software and integrating it towards the suppliers for the sales data as well as the demand forecast. The manufacturer would ensure operations according the demand forecast the inventory requirements that that need to produce Nike places order (Khanna 2015). The supply chain encompasses the flow and transformation of the goods and the services of raw materials stages to the customer who is the end user. They are associated with the information low. The Nike supply chain being the manufactures source the raw materials for the production of the company. The fact the Nike outsource their manufacturing implies to control procurement and manufacturing process. Nike considers the acquisition to gain control in operations where the company suppliers control its operations. The implementation for the VMI/CRP would ensure the operations as it would provide operation of the company in upstream because of the manufacturer (Hill and Hill 2012). The processes of Process Map in the figure shows the points of consumption through its understanding in a simple way. The company here needs to purchase raw materials from various sources and then needs to ship plant. They need to assemble the product from there itself. The assemblage of the products would ship the products directly to its customers from the Online Store. The other distribution store mentioned is the retail stores, direct sales and the distributers (Kaplan and Atkinson 2015). Conclusion The operational management of a company forms the basis of it. Recent years Nike already shows improvement in its supply chain management. The assessment based on the conditions of the company in past. The primary areas where improvements need to implements are the areas of demand forecast, inventory management and scheduling. The areas mentioned are interrelated as the demand forecast determines the inventory requirements. This will ensure the scheduling. The strategies that need to follow are the effective address of the successful implementation and the integration of its software. The company needs to adopt the theories through proper utilization of it. Analyze further points there is a huge difference between the theories and the process. Nike needs to adopt policies to solve the gap between it. Reference List: Becker, J., Kugeler, M. and Rosemann, M. eds., 2013.Process management: a guide for the design of business processes. Springer Science Business Media. Berger, J.O., 2013.Statistical decision theory and Bayesian analysis. Springer Science Business Media. Brown, S., Bessant, J.R. and Lamming, R., 2013.Strategic operations management. Routledge. Chase, J., 2012.Operations management. Tata McGraw-Hill. Chernoff, H. and Moses, L.E., 2012.Elementary decision theory. Courier Corporation. Christopher, M., 2016.Logistics supply chain management. Pearson Higher Ed. Cummings, T.G. and Worley, C.G., 2014.Organization development and change. Cengage learning. David, F. and David, F.R., 2016. Strategic Management: A Competitive Advantage Approach, Concepts and Cases. Haimes, Y.Y., 2015.Risk modeling, assessment, and management. John Wiley Sons. Hill, A. and Hill, T., 2012.Operations management. Palgrave Macmillan. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Khanna, R.B., 2015.Production and operations management. PHI Learning Pvt. Ltd.. Krajewski, L.J., Ritzman, L.P. and Malhotra, M.K., 2013.Operations management: processes and supply chains. New York: Pearson. Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015.Purchasing and supply chain management. Cengage Learning. Peng, D.X. and Lai, F., 2012. Using partial least squares in operations management research: A practical guideline and summary of past research.Journal of Operations Management,30(6), pp.467-480. Rokach, L. and Maimon, O., 2014.Data mining with decision trees: theory and applications. World scientific. Rushton, A., Croucher, P. and Baker, P., 2014.The handbook of logistics and distribution management: Understanding the supply chain. Kogan Page Publishers. Schnsleben, P., 2016.Integral logistics management: Operations and supply chain management within and across companies. CRC Press. Slack, N., 2015.Operations strategy. John Wiley Sons, Ltd. Stadtler, H., 2015. Supply chain management: An overview. InSupply chain management and advanced planning(pp. 3-28). Springer Berlin Heidelberg. Subramanian, N. and Ramanathan, R., 2012. A review of applications of Analytic Hierarchy Process in operations management.International Journal of Production Economics,138(2), pp.215-241. Lillis, B., 2014. Service Productivity in the Hotel Business. InDriving Service Productivity(pp. 167-189). Springer International Publishing.
Subscribe to:
Posts (Atom)