The Case Study About Supply Chain Management

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TABLES OF CONTENT

EXECUTIVE SUMMARY…………………………………………………………. 5

INTRODUCTION…………………………………………………………………...6

THEORIES PERTAINING TO ANALYSIS………………………………………...7-8

CASE STUDY ANSWERS………………………………………………………….8-12

CASE STUDY 1………………………………………………………..8-10

CASE STUDY 2……………………………………………………….10-12

CONCLUSIONS……………………………………………………………………..12

REFERENCES……………………………………………………………………….13

APPENDIX……………………………………………………………………………13-14

EXECUTIVE SUMMARY

(CASE STUDY 1)

The case study about the Flat Panel Television and the global economy tells us about how efficiently we have to move in fast moving economies and the globalization has emerged as the driving force in the dynamic economy. In the case study we see that how efficiently VIZIO has utilized globalization as a tool to outsource it components of production to create and stand out in the competitive market of the Flat panel Television in front of the many big consumer electric goods firms.

(CASE STUDY 2)

This case study is about the Li & Fung company which started traditionally as a trading company and with the advent of globalization and the latest technological advancements it has developed itself into a supply chain management firm, which even without manufacturing a product adds a value in a globally integrated market for its customers by cutting down the cost of production and lowering the pricing of the finished goods by efficiently tying each knots of its supply chain management.

INTRODUCTION

(CASE STUDY 1)

Flat Panel Television was a US$ 26.4 billion markets in 2006.There were projections that the sales would hit to US$ 37 billion by 2008, Then there was a drastic change in the price of a 40 inch Flat Panel Television From US$ 3000 to US$ 1600, which enabled the Flat Panel Television within the reach of many consumers. The case study is about Flat Panel Television, and its effect on the Global Economy. In this case we lay emphasis on one of the fastest growing market in U.S .i.e. Flat Panel Television, this was the opportunity which was grabbed by Vizio.It started working on the niche in the market and rose from nothing to US$ 700 million in 2006 and forecasted sales of US$ 2 billion in 2007.We analyze the factors that have led to such a increase in the sales volume and competitive pricing of the Flat Panel Television.

(CASE STUDY 2)

The case study is about one of the largest multinational trading companies Li & Fung in the developing world, from being a traditional trading company it has developed itself into an expert in supply chain management. It specializes itself in providing customized solutions based on the customer’s needs, with designing and developing, raw material and factory sourcing, production planning and management, quality management and export documentation to shipping consolidation, thus by efficient use of information system it coordinates the foresaid specialties and minimizes the time between the receiving an order and the delivery and in turn minimizes the overall costs of the production.

Theories Pertaining to Analysis

GLOBALIZATION

Globalization refers to the shifting more united and interdependent world economy into one humongous market (Hill 2011).As the word Globalization goes it can be broken into two words viz. Global and Liasoning,Global refers to the globe and Liasoning refers to communicating between two or more, so the word Globalisation becomes communicating across the globe. Aina (2007) states that “Globalization aims at bringing the world closer like a global village”.

INTERNATIONAL TRADE AND INVESMENT

With the end of World War II in the middle of 20th century, a number of global institutions were formed to remove the barriers of international Trade, General Agreement on Tariffs and Trade (GATT) was formed in 1947, it was succeeded by World Trade Organisation (WTO) in 1995.International Monetary Fund (IMF) and World Bank to promote economic development across the world....
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