cares for social values. 2. What actions should she take regarding the IKEA supply contract with Rangan Exports? A. Marianne Barner should first of all understand the situation thoroughly before taking any steps against Rangan Exports. The Global sourcing always brings with it the social‚ cultural and regulatory differences which should be dealt with effectively to ensure success in global supply chain. She should seek the assistance of UNICEF‚ ILO and NGO’s and should help Rangan Exports to avoid
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Incubator programs‚ Corporate Venture or cooperations. Since there is a lack of financial and human resources‚ SMEs have to create a balanced innovation portfolio and to invest in more than only one innovation activity (Dömötör‚ 2014‚ p.12). Digital sourcing is a model‚ which is built to help companies facing this problem (Hutchins & Campanini‚ 2014‚ p.189). It ensures the
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` PORTABLE MOBILE CHARGER USING PIEZOELECTRIC ENERGY DEEPAK SAHADEVAN NAIR PRADEEP KARUNAMBARAN SUBMITTED ON: 07/JUNE/2013 CIRCUIT DESIGN PROJECT REPORT 7514ENG PRACTICAL ELECTRONICS Griffith University‚ Brisbane‚ Qld‚ Australia EXECUTIVE SUMMARY Alternative energy sources are one of the main focuses in research and development in many aspects in engineering‚ especially electronic devices. By targeting renewable energy sources‚ not only will the amount of pollution decrease but also
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Julien Levesque June 17‚ 2010 MISM 2301 Sourcing Scenarios Case Questions Case 1: Outsourcing 1. Develop a table that captures the “pros” and “cons” of this corporate decision. Pros | Cons | Improved quality * Operational and management activities * Accurate record of transactions | Jeopardy of quality * Poor communication between suppliers * Testability * Qualifications of outsourcing company | Cost effective * Lowers cost service to the business |
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Ikea Global Sourcing Challenge: Indian Rugs and Child Labor IKEA and Marianne Barner are facing a very challenging issue. Because they were blind sided by the child labor issues with their supplier‚ they had to scramble to respond to the issues in a quick and appropriate manner. IKEA sent a legal team to Geneva to seek input and advice from the International Labor Organization on how to deal with the problem and to find out more about the child labor issues. They also hired a third party agent
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1. What are the missions of CERs and the capital budgeting process at Stryker? Mission: Standardize and formalize the capital budgeting process. The CERs and capital budgeting process were implemented so that a more formal process of requesting capital expenditure and approving them would be applied. All this was put in place to support cash flow targets and maintain Stryker’s 20% growth benchmark. To what extent have they been shaped by elements of corporate finance theory? They are heavily
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IKEA’s Global Sourcing Challenge: Indian Rugs and Child Labor Executive Summary Ingvar Kamprad founded IKEA in the early 1950s and served as CEO until 1986. By the mid-1990s the company was the world’s largest specialized furniture retailer. Kamprad broke the mold of the traditional furniture maker and went outside of the Swedish furniture cartel. He built relationships with outside suppliers and forged a unique business model featuring exhibition retail displays highlighting a broad range of functional
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Mattel’s Chinese Sourcing Crisis of 2007 Regarding to this case study there are three parts involved‚ which are the Mattel Company and the Chinese manufacturer‚ the regulation party of Chinese authority and the governments of America and China. To each part it relates to one of the issues that involve in this case study. The first issue that was found in this case is the reputation crisis of Mattel worldwide and its sourcing failure. The failure of their partner of using over level lead paint
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ABSTRACT The purpose of this paper is to use supply management as a tool in analysing the global sourcing processes and activities within two successful leading textile companies: Zara and Hennes and Mauritz (H&M). To describe their logistics and supply chain processes in order to understand how these two companies can add a good value to its customers‚ to its stakeholders and to its suppliers. Pressure for companies to create and deliver value to customers manifests itself in every stage of
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Ikea Global Sourcing Case Study Ama Achiaw Business Strategy Executive Summary IKEA is being forced to make a difficult decision after a German documentary maker announced the prevalence of children working at looms at Rangan Exports‚ a major supplier of the furniture company. Rangan Exports breached a supply contract with IKEA by allowing child labor in their factory. In previous years‚ IKEA has encountered problems with child labor and has worked diligently to educate themselves and respond
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