Risk Management in the Shipping Industry Shipping is a business that is extremely in tune with prevailing market sentiment. Its success depends on a prospering economy‚ due to the increased global trade. It is also partially sheltered from temporary downturns because businesses will switch from more expensive air freight‚ and save costs by using shipping as their means of transporting their goods instead. The industry is also an extremely competitive one‚ as there are only two main considerations
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Chain Challenges and its Potential impacts 14 Even stronger focus on freshness and quality 14 On-going product innovations 15 Strong customer demand fluctuations based on promotions 16 Order- and inventory management restaurant – DC – supplier - raw material supplier 18 Bull Whip effect 19 Change Management in a de- centralized structure 20 Methods for Solve Problems 20 Build the quality supervised system 20 Build the detailed R&D process 22 Improve the level of marketing promotion and forecast
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BARGAINING POWER OF SUPPLIER • Bargaining power is the ability to influence the setting of prices. • The more concentrated and controlled the supply‚ the more power it wields against the market. • Monopolistics or quasi-monopolistic suppliers will use their power to extract better terms (higher profit margins or ) at the expense of the market. • In a truly competitive market‚ no one supplier can set the prices. Aggregation of Supply • Suppliers can group to wield more bargaining power. • This
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Power of Suppliers In contrast with the Power of Buyers mentioned above‚ Power of Suppliers refers to the bargaining power or ability to dictate terms of pricing and quantity of goods when dealing with Supermarkets. Since the supermarket industry has become concentrated (reduced in number of companies)‚ mainly by the five companies mentioned above‚ suppliers are forced to increase output while decreasing prices. This growth of Supermarkets as Buyers has had an adverse effect on the suppliers. Smaller
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1. Threat of Substitute In Porter’s model‚ substitute products refer to products in other industries. The price elasticity of a product is influenced by substitute products. As more substitutes become available‚ the demand becomes more elastic since customers have more alternatives. Generally‚ substitute is able to reduce demand for a particular product because there is a threat of consumers switching to the alternatives. (Porter M. 1980) Chains of convenience stores are emerging in the market
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1. Does the labor law encourage or discourage unionization? I would have to say the unionization was definitely a policy that was encouraged at West University. These laws that were initiated at the state level were formulated to affect unionization policies that were aimed towards all public employees. These laws were state mandated and any public employee which included that of the RA’s were able to not only join a union‚ but could establish one if they wished as well. These laws also adhered
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1. What factors influence the decision rearding the opening and closing of stores ? Why does 7- Eleven choose to have a preponderance of its stores in a particular location ? Factors which influence the decisions regarding the opening and closing of stores includes the dominant location strategy which 7-Eleven is following to maintain its positions as the market leader‚ 7-Eleven aims to provide customers with what they want‚ when they want it. From a strategic perspective‚ one of the company’s
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Is Monopoly necessarily less efficient than Perfect Competition According to SJ Grant’s Introductory Economics‚ Monopoly is the only sole supplier of the industry. They would not inherit any competitions as well as having no close substitutes. There are many reasons that cause the formation of Monopolists. Barriers to enter or exit discourages new firms to enter the market (patent rights creates a right to sell that product‚ abnormal profit‚ predatory pricing‚ raw material ownership‚ high fixed
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Institute of Business Administration (IBA) University of Dhaka STRATEGY ANALYSIS FOR APL Prepared for Dr. Saiful Majid Professor Institute of Business Administration University of Dhaka Prepared by Rabiul Azam Roll No: ZR1201005‚ Batch: 12th Executive MBA Program May 20‚ 2014 Dr. A.K.M Saiful Majid Professor Institute of Business Administration University of Dhaka Subject: Letter of Transmittal. Dear Sir: I am pleased to submit
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THE SHIPPING INDUSTRY ACCOUNTING TEAM Summary: Sarah (the name given by us) has been working in McKay‚ Sanderson‚ and Smith Associates a mid-sized accounting team located in Boston that is specialized in commercial accounting and audits for past five years. Her specialty is accounting practices for shipping companies‚ ranging from small to certain big fleets along east coast. About two months ago her company merged with another two other accounting firms which has offices in Miami‚ Seattle‚ Baton
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