Headquartered in Hong Kong‚ Li & Fung Limited’s extensive global sourcing network covers more than 80 offices in more than 40 economies around the world. The global trading company supplies high-volume‚ time-sensitive consumer goods. Particularly‚ garments make up a large part of its business which also covers the sourcing of hard goods such as fashion accessories‚ furnishings‚ gifts‚ handicrafts‚ home products‚ promotional merchandise‚ toys‚ sporting goods and travel goods. Li & Fung plays the role as a
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Competitor’s Analysis…………………………………………….7-8 5. Information System….…………………………………………….9 6. Threats & Limitations……………………………………………..10 7. Options…………………………………………………………….11 8. Recommendations…………………………………………………12 EXECUTIVE SUMMARY: For past 96 years Li & Fung has been an export trading company with its branches spread across the globe. The company plans to enter into a new venture of online business. Entering into online business the company faces challenges to retain its existing customers and to capture
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Strategy Management (Case study 1: Li& Fung) SWOT Analysis Strength Opportunity Extensive network of suppliers (global reach supplier with SCM) Provision of value added service (customer centric structure) Entrepreneur corporate culture Low –end with hard goods Emerging Market Weakness Threaten Over dependence on US Market Vast supplier network makes it tough to maintain Increasing expense from acquisiton Continuing global economy downturn - Collapse of the American
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1. The trading industry is a complex one that involves dealing with many different stakeholders while making strategic alliances with suppliers of raw materials‚ manufacturers and transporters. A porters 5 forces analysis reveals that the suppliers in this industry (including those that supply raw materials and those that manufacture) are highly fragmented and are high in number. As a result no single supplier firm commands a dominant market share in their respective product markets. Trading companies
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Topic: Li & Fung Supply Chain Management and Operations Li & Fung: Global Supply Chain Manager From its inception in 1906‚ more than 100 years‚ especially since the 1980s‚ with economic globalization‚ Li & Fung’s business roles‚ it can be said with the evolution of the global economy‚ has experienced a historic change from simple middlemen to the global supply chain managers. After the mid-1990s‚ Li & Fung has actually become a global supply chain manager. Within the worldwide‚ he optimizes
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This case study explains both the philosophy behind supply-chain management and the specific practices that Li & Fung has developed to reduce costs and lead times‚ allowing its customers to buy "closer to the market." Li & Fung‚ Hong Kong ’s largest export trading company‚ has been an innovator in global supply-chain management. Li & Fung has also been a pioneer in "dispersed manufacturing." It performs the higher-value-added tasks such as design and quality control in Hong Kong‚ and outsources
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The Case Study of Li & Fung – The Global Value Chain Configurator TITLE: THE CASE STUDY OF LI & FUNG LIMITED ABSTRACT: The case illustrates the business history and evolution of Li & Fung Limited‚ one of the Hong Kong’s oldest and largest trading companies. The case gives an overview of its evolution from a traditional trading company to a global export giant and a customers’ supply chain management giant. It discusses the company’s strategies to change its business models to the changing external
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Summary Li & Fung‚ which is a long-standing Hong Kong based company‚ has evolved from an export trading company to a coordinator of value-added services across the whole supply chain in a global‚ open manufacturing circumstance. Its corporate culture has enabled it to keep pace with the current trend of global business. The successful acquisitions and the venture capital make the company grows stably and rapidly. However‚ the company now faces some challenges coming from Asian financial environment
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Today I would like to talk about feng shui‚ the ancient Chinese art of arranging objects to achieve harmony in life. Since I was a young boy my mom was into fung shui and it always it seemed interesting to me but a little far feched‚ so for this speech I did some research and discovered a lot about fung shui. Fung shui is basically an environmental science. Im going to focus on its application in the bedroom‚ which is a room all of us have and spend a lot of time in. I am going to go over‚ what not
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ATTACHMENT 1 ACTIVITIES & OBSERVATION DIARY Firm 1 Details: Student Name:…YE XIN………………………………………………………………… Name of Firm: …Din Tai Fung…………………………………………….. Address: Paragon‚ Orchard Road‚ 290 #B1-03‚ Singapore 238859 Visit One: Date: Tuesday afternoon Times At firm (Start & Finish): 2:00 pm- 3:15 pm Activities undertaken and observations made and what new learning occurred -Have a big open concept kitchen over the central stage. -Chefs serve food and even send into the diner’s
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