Sourcing Material and Services Essay Example | Topics and Well Written Essays - 250 words - 1

Sourcing Material and Services - Essay Example hese three are related in that strategic sourcing furthers the procurement process with a greater focus on the impacts of decisions on procurement and purchasing. It works cross-functionally in the firm so as to help in the realisation of the overall business goals of the organisation. These three have undergone evolution over time. As documented by Coyle et al. (2012), the traditional sourcing process involved tactical sourcing, limited supply base and functional purchasing. Then came strategic sourcing which emphasized on supplier relationships and non-traditional supply base. The e-enabled procurement provided capability for e-sourcing, e-procurement and e-commerce. This paved way for integrated sourcing or supply chain which involves sourcing for a strategic supply chain process and seamless integration of the sourcing process and supply chain activity. To evaluate suppliers, companies should seek to establish relationships or alliances with them so as to enable them ascertain their ability to supply quality materials adequately over the given period of time and at an optimum cost (Coyle et al., 2012). Quality supplies of materials ensure quality final products. Companies should also evaluate the ability of the supplier to contribute to its competitive advantage: to promote low cost, niche orientation or differentiation. According to Mangan, Lalwani and Butcher (2008), evaluation could be undertaken through competitive bids or direct negotiations. Recently, Internet auctions have also become popular evaluation

Slendertone Analysis Essay -- essays research papers

1. Describe the root causes of Slendertone ¡Ã‚ ¦s French sales revenue losses? ANS: All sales of slendertone were through distributors except of home-market. Since the investments being made in research and production, the company ¡Ã‚ ¦s marketing resources were very limited, they thought it could develop new market for Slendertone more cost-effectively and quickly. However, there were some poorly resourced and inexperienced distributors. In France, the company was concerned about the growing dependence on one distributor. There are 5main basis causes of Slendertone ¡Ã‚ ¦s French sales revenue losses listed below: Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Increasing competition continued to put pressure on price: from 1993 to the beginning of 1996: drop the retail price to compete the other EMS products. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Lack of seconday data for the EMS product class, and the distributor reluctant to share sales data with Slendertone.: It ¡Ã‚ ¦s hard to to determine what market share different companies had. Also, lack of data made it difficult to determine the size of the existing market for EMS products in each company. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Lost the TV slot: the distributor had lost the television slot for the Gymbody8 to cheaper product. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Tacky advertisement: Some advertising featured topless models alongside sensational claims for the products ¡Ã‚ ¦ effectiveness. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Distributor: in 1996 Slendertone decided to develop the UK market directly, without any distributor. The decision was made on the basis of the failure to attract good distributor in the past. That  ¡Ã‚ ¥s very clear to know that the problem of distributor. 2. When O ¡Ã‚ ¦Donohue arrived at Slendertone, he thoroughly researched customers reasons for purchasing Slendertone, losing weight or improving appearance. Why did he choose improving appearance as the message for men and women age 20 to 60 years. ANS: Through Mr. O ¡Ã‚ ¦Donohue gathered data on consumer behaviors and motivations relating to those different markets, he built up a clearer picture of the markets for Slendertone and found out its brand positioning, product emphasis, market segmentation, target market. Market Segmentation Positioning Strategy for Each Target Marketing Program for Each Target Originally, Slendertone was defined as  ¡Ã‚ §women betwee... ...an deny that  ¡Ã‚ §the value is equal to price and quality ¡Ã‚ ¨. Besides, Slendertone have large market share in a mature period,with slow growing with profitable products industry. He should maintain price leadership in the EMS market. There are some main ideas will point out Slendertone ¡Ã‚ ¦s brand strategy listed below: „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Differentiated image- slendertone as being at the top end of the market, based on its superior quality and powerful brand name. For the reason, Slendertone sould maintain their high quality and high price image to compete those low quality EMS company. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Build a strong brand identification- The profession market playing an important role in the development of slendertone. It needs to get away from the  ¡Ã‚ §gadget ¡Ã‚ ¨ image and lead to profession market. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Control of message marketing information- to avoid a recurrence of what happened in the French market. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Innovation- To invent new product to prenuptials, postnatal and men but not only for women. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Maintaining international operations and Creating a class world brand

Confucianism, Legalism, and Daoism Essay

Confucianism, Legalism, and Daoism are the three main philosophies of the Chinese people. They have been the most influential and widely taught philosophies of the Chinese for many centuries. This essay will reveal the history of each philosophy’s origin, and will reveal the main characteristics of each respected area. Confucianism began as the thoughts and ideas of a man named Confucius who lived at around 500 B.C. It is interesting to note this was around the same time Buddha was supposedly alive. Confucian was not a prophet, and had little to say about gods, death, or the afterlife. He developed instead three concepts of living that formed the basis of his philosophy. First, every person should accept an assigned role in society and perform the duties of that role. Second, the government should be virtuous. Finally, only well-educated and extremely virtuous officials should be appointed to run the government. According to legend, Confucius worked as a minister in his native province of Shandong. It is said that in a less than a year, almost all crime was gone. However, after this it is said nearby emperors became jealous and forced him to retire. For the rest of his years he educated people on the ways of his teaching and stirred thought into the minds of many. Daoism was thought to be founded by a man named Laozi that lived around 500 B.C. Daoism can be defined by its root word Dao meaning â€Å"Way of Nature†. Laozi viewed Dao as the indescribable force that governed the universe and nature. Laozi believed that people should not strive for riches or power, but rather should try to bring themselves into harmony with Dao by being peacefully quieted, thoughtful, and humble. Unlike Confucius, Laozi shunned politics and advised people not to get involved in public affairs. Daoism mainly influenced artists and peasants because artists were encouraged by Dao and began expressing themselves in a better manner. Peasants began to believe in the philosophy because it dealt with nature and its natural forces. Confucianism and Daoism simply filled in what the other lacked in certain areas. Legalism, another form of philosophy, also concerned itself with politics. The teachings, however, differed greatly then that of Confucianism. Legalists believed in power, not virtue, and in harsh forms pf punishment. Legalists viewed people as selfish and untrustworthy. It was believed that threatening people was the only way to achieve peace and prosperity in society. The emperor Shi Huangdi of the Qin Dynasty followed the Legalist method. The Qin Dynasty became powerful but was short-lived mainly because of its cruel punishment and laws. It was believed that the yin and yang was not balanced enough during this time. Overall, I think all three of these philosophies are well developed and each has their good and bad. For this reason, many people understandably combined more than one of the three philosophies in an attempt to even out their lifestyle. All three are worthy philosophies and each deserves a certain amount of respect. I believe that because of the great principles each is built on, and the flexibility within each sector, the three philosophies will live in for a very long time and will be passed on from generation to generation forever.

Effect Of Education On Education - 777 Words

Introduction There are so many headlines that cover the impact of our economy through education. It appears as if education will pay for itself and boost our overall economy in the process. The educational system has been broken for decades and although technology is on the rise, which means some of our population is still achieving at a high academic rate. Many would say that we are failing our children from lack of parental involvement in schools. There are arguments stating that these schools are too dangerous for anybody in the right mind to volunteer inside, and we are losing business, teachers, social clubs and everything else that benefitted those that came before us. If these articles are correct, there is a correlation between schools, local businesses, and construction. Basically, in a nutshell, we must educate our youth and offer them ways to attend higher education even beyond high school. In the paper I will discuss the affect economy has on education, the key to building a strong ec onomy, and why it’s not just a matter of money. â€Å"The affect economy has on education† (Alleyne, 2015) A sluggish economy has a domino effect followed by ripples, which extends to every aspect of American life to include secondary and higher education. When states lose income, they make cuts to government spending and programs. Often the first cuts are in education. Which results in lower teacher salaries and reduced hiring and retention. A loss of funding for variousShow MoreRelatedEffect Of Education On Education798 Words   |  4 PagesIntroduction There are so many headlines that cover the impact of our economy through education. It appears as if education will pay for itself and boost our overall economy in the process. The education system has been broken for decades and although technology is on the rise, which means some of our population is still achieving at a high academic rate. 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