Describe and critically analyse a conceptual supply network and Essay

Describe and critically analyse a conceptual supply network and discuss the likely areas of strength and weakness - Essay Example Recent development in this era of new business strategies that must minimize risk in business by using friendly environment machinery , social acknowledgement as requirement of the Government to smooth and sequential running of a business operation . (Amlan M., Helen M., 2010). Supply chain could improve the cash transaction, manufacturing cost of materials, and communication flaws by planning of company’s coordination to correlate finance, society that helps to end user and stake holders. (Craig C., Dale R., Nov 2007) ( Seuring & Muller, 2008) (Lutz P., 2009). Supply chain management is a core element of any manufacturing phenomena that engage in producing of commodities or preparing unfurnished materials. (Anna N., Ladimer S., 2010 ). A satisfaction of society is always the responsibility of the supply chain management (Laura S., Michael B., 2009). Over the passage of time, the industrial progress has triggered a process of adaptability and innovation in all the things relat ed to industrial manufacturing, services and even the consumers. A new term has been coined recently i.e. corporate responsibility, it represents and incorporates social, financial, ethical and even ecological challenges which are faced by corporations that are trying to adopt sustainability factors in their supply chains. Following are the key features of a sustainable supply chain. Wastage: disposal of waste materials is the key responsibility of a supply chain management to satisfy the society by assuring the recycling or safe disposal of non toxic element that can be harmful to human beings. Energy resources: Managing and ensuring the availability of energy must require the keen observation as a basic factor of supply chain management. Water management: usage of water in every part of a business is necessary to control its wastage on priorities bases. Globally a short fall in water resources is the burning issue or current scenario is the big threat for supply chain management. Shipment: a prompt and in-time shipment or transportation is required for a growing and developing business faculty by using time management, supply chain management. Means of access: Availability of a right product in right time on right place is the responsibility of supply chain management by using of all tools of intra and intercommunications however; it will improve the optimum quality of work. Training sessions: Skill developing of workers is the necessity/requirement of an organization for long last their employees by awareness of recent era development in every field. This is the main development program should under supply chain management. Competitive Forces Model of an organization. When entering a market, every new entrepreneur faces some problems that are common to all kinds of markets as well as all types of products, though the details and intensities can vary from scenario to scenario. A standard model was generated that represents the common and most important issue s faced by any manufacturer. It is called the competitive five forces model. A) Competitive Market: Entering a market is not an easy task as there are well established manufacturers in every market and launching a product against theirs will require marketing strategies that can rival and defeat those of the corporate giants. B) Alternative strength and Threat: This is the threat for manufacturer substitution probability but the feasibilities are limited for those companies which are scientifically sound and have large

Costco Cracks Taiwan Market Essay Example | Topics and Well Written Essays - 250 words

Costco Cracks Taiwan Market - Essay Example For example, company adjusted its American brands after analyzing local tastes / desires and then offered at one of its Taiwan’s stores. Indeed, Costco sold an experience that was highly appreciated by Taipei buyers. In addition, the company has also adopted the strategy of localization thereby introducing new and existing products in a specific region or area that suit local customers. (Cheng, 2010) For instance, the company has focused on market penetration (low prices for existing products), product development (offering new and innovated products to current markets) and market development (expanding in new regions) strategies. In fact, Costco focuses on differentiation of its global products to obtain a clear and distinctive image in the minds of consumers. For example, Costco offered some new brands at lower prices to penetrate in Sydney market. (Stafford, 2010) The above mentioned strategies, indeed, have resulted in Costco’s global expansion and growth. The sales in US market grew by 6% while in international market, the retailer observed a staggering 25% growth. (Talley, 2010) and (Associated Press, 2010) Stafford, Patrick (2010) â€Å"Costco Sydney site approved, and local retailers must adapt† Smart Company Available at http://www.smartcompany.com.au/retail/20100416-costco-sydney-site-approved-and-local-retailers-must-adapt.html Talley, Karen (2010) â€Å"Costcos Profit Jumps as Sales Growth Speeds Up† Wall Street Journal Available at