What Is the Right Supply Chain for Your Product ? Article by Marshall L.Fisher INTRODUCTION • Marshall L.Fisher is the Stephen J.Heyman Professor of Operations and Information Management and co-director of the Fishman-Davidson Center for Service and Operations Management at the University of Pennsylvania’s Wharton School in Philadelphia. • His current research focuses on how to manage the supply of products with hard-to –predict demand. Devising the Ideal Supply-Chain Strategy • According
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12/17/2010 MSc OR/BAC | Courier Services | Managing Business Operations | SERVICE OPERATIONS MANAGEMENT - group 5 | Contents Service Definition 2 Intangibility 2 Heterogeneity 2 Inseparability 2 Perishability 2 Service Classification 3 The Volume Measure (Silvestro) 3 Other Service Classification Models 4 Service Design 5 What is the philosophy behind the service design? 5 What to deliver to courier service customers? 6 How to deliver? 7 The blueprint diagram 7 Customer actions
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Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
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of a civilization‚ because it helps to form the structure‚ organization‚ and justifies the actions of the civilization. Religion has been be used politically to justify extreme political actions in civilizations including‚ Islam‚ Christianity‚ Judaism‚and Daoism. Throughout history religion has been used to placate the people about war‚ and to justify war itself‚ however some used various other techniques to justify war.. All religions though did offer rewards to their followers. Another piece
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double entry accounting system‚ a business transaction affects at least two accounts and the debit and credit amounts recorded for the affected accounts must be balanced. These transactions will be recorded in the appropriate books of accounts. Business entities develop a chart of accounts‚ a list of account titles with their corresponding account codes that the business will use in recording and posting in the books of accounts and in reporting in the financial statements. Double entry system:
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good or service is promoted to potential consumers. A typical product policy created by a business for a manufactured product might attempt to manage how the item will be perceived by its target market and could also contain information about how durable the product is. Product policy covers product planning and development‚ product line‚ product-mix‚ product branding or identification‚ product style‚ product positioning and production packaging. It includes product diversification. PRODUCT POLICY
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General Electric Medical Systems - Global Product Company concept The Global Product Company concept means ”to concentrate manufacturing – and ultimately other activities – wherever in the world it could be carried out to GE’s exacting standards most cost-effectively”. That means that the production is moving to countries where people are mostly underutilized (the example given in the case study tells about engineers from Eastern Europe‚ who cost only $1‚5/h). There are two major reasons why
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to survive. People also have strong needs for recreation‚ education and entertainment. These needs become Wants when they are directed to specific objects that might satisfy the need. Wants are shaped by our society. Demands are wants for specific products backed by an ability to pay. Needs are of five types – Stated needs Real needs Unstated needs Delight needs Secret needs The SUV‚ "Mahindra Scorpio" comes under Real needs. Real need is a need where a customer wants a 4 wheeler
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Reflection Essay- Modes of Observation and Data Collection - Experiments & Survey Research The modes of observation are as follows: 1. Experiments 2. Survey Research 3. Qualitative Field Research 4. Unobtrusive Research 5. Evaluation Research. Experiments are as we all know them where data is collected from a group and some input is made to stimuli the group and the outcome is the observation. Survey is the questioning of participants via written or oral form. These questions can be open or
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Being that it’s been a few weeks into this little roadmap journal‚ my brother and I relation has gotten a bit better but still not where I would like it to be. I am happy that we been getting together along lately though. In chapter 3 & 4 I’ve chosen responsiveness‚ artifacts‚ personal appearance‚ paralinguistic‚ and love because I believe these concepts would help us even more with our relationship. Responsiveness is displaying positive facial expression‚ posture‚ and gestures. Usually when my
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