Incoterms Selection ConsiderationThe report talks about the needs of transportation in the company. This transportation helps the companies to carry goods and services from one place to another. Hence it becomes very effective equipment for the company. The appropriate strategies for transportation have been recommended in the report and other relevant information is been described. The goals and needs of the company through the availabi...
Evaluate SCM Solutions and Justify Those That Can Resolve SCM IssuesThe CSR or Corporate Social Responsibility has turned out to be an important practice for the standard businesses for any company. The commitment towards the CSR activities has been helping to develop the complete reputation for the company along with providing the competitive advantages (Clapp and Rowlands 2014). The following report has developed the CSR strategies. It has ...
Background of this StudyBackground of this Study The report looks into the energy crisis which Australia faced due to their export of Liquefied Natural Gas to other countries, in large numbers. So, in one point of time the country was known to be an energy rich nation, gradually the scenario had started to change. They were left with insufficient energy to keep the citizens comfortable during heat wave, which had seen temperatures rising to 1...
Scope, importance and challenges of humanitarian logisticsHumanitarian logistics is process that ensures that good and material are able to move from the point of origin to the point of consumption in order to alleviate suffering of people who have been affected by a disaster through planning, implementation and controlling the whole process in a cost effective manner and proper storage of the goods and services (Robert E et al. 2013). The rol...
Basic Economic ConceptsThe subject economics has been categorised under social science which deals with the daily needs of human life and living. The way in which human being interacts in making up the basic decisions of consumption, production and distribution along with resource allocation is the crux of this subject. The basis of any system is the want of the people backed by their power to afford the same. Along with this wants there is an...
Emerging TrendsThe export and import price index measures the rate of change a country experiences in the perspective imported and exported goods and services. These indices describe the change in economic welfare of the country depending on the changes experiences in the imported and exported goods and services (Pigou 2013). However, changes in the key prices have an impact on the dynamic consequences of the key macro variables such as invest...
The InterfaceThis business report is compiled to study the logistics department of Philips Electronics Singapore Pts. Ltd., how this department interfaces with various other core functions of the company. The report will cover the logistics management process of the company and further analysing them to identify improvement areas. Logistics management in a company is a process that involves planning, implementing, controlling the flow and sto...
BackgroundThe potential of global supply chain management is immense. It can be effectively managed to achieve organizational efficiency in the coming days. This article is about the global supply chain management and its analysis with special emphasis on the Australian SMEs. We have tried to study and analyze the issues that are most commonly faced by the supply chain managers at global level and suggest some innovative practices that can be ...
The objective of this paper is to focus on supply chain and logistics management for Anchor Foods – New Zealand. Anchor is a brand of dairy products that was founded in New Zealand in 1886 and is one of the key brands owned by the New Zealand-based international exporter Fonterra Co−operative Group (Chidlow & Ghauri, 2015). The market and the nature of demand in this industry can be discussed as: The players in this dairy in...
Behavioral issues from oil and gas operations strategyThe Cairn Energy PLC is an independent company that is responsible for oil and gas exploration and development. It is Europe’s one of the most leading organization and is also listed on the London Stock Exchange. This organization is continuously working to discover and develop oil and gas reserves in several locations around the world. This company was established in the year of 1981 b...
Globalization and Technology in Supply Chain ManagementManaging the supply chain in the organizations is the most challenging task and these main activities involved in the transformation of the goods from the raw materials to the final products consumed by the customers. The process of the creation of the products and customer’s consumption of these products. Looking into the previous years and the last 3 years industry reports, it has ...
Competency: Economic ThinkingLaw of demand: The law of demand suggests that given all other factors, an increase in price of a good leads to a decrease in quantity demanded and a decrease in price leads to an increase in quantity demanded. The one factor that causes a change in quantity demanded is own price of the good. When price increase from P1 to P2 the quantity demanded declines from Q1 to Q2. The main factors ...
Major areas of operationContainer ships are the cargo ships, which are used for the purposes of transporting goods as well as other cargo materials from one part to another via the sea route (Baughen 2012). The speciality of these ships is the fact that they carry loads from one place to another in the form of truck sized intermodal containers, in a technique commonly known by the name of containerization (Baughen 2012). These ships are the mo...
Factors affecting price elasticity of demand1. The demand is considered to be elastic when there is a change in the demand of the product when the price of that product undergoes a change. The products that have an elastic demand include the luxury goods, expensive and the big income groups, the products that are often pur...
Overview of Landmark Group DubaiLandmark Group is a multinational company based in Dubai, UAE directed by Micky Jagtiani, who is the chairperson and founder of the organization. The group is involved in the retailing of footwear, cosmetics, apparel, consumer electronics, baby products, home improvement, and beauty products. The organization also has interests in healthcare, mall management and, various in-house brands and operates with other b...
Importance of ASEAN Free Trade AreaThe ASEAN Free Trade area is in essence an important trade bloc agreement signed by all the members of the Association of South East Asian Nations. The AFTA came about in order to support local trade as well as manufacture in the different countries of South Eastern Asia as well as to facilitate economic integration and cooperation with regional and international allies. The AFTA is considered to be one of th...
Issues Faced by Bosch in New ZealandThe logistics management is the part of the supply chain management and refers to the activities which occur within the boundaries of the company. The supply chain management comprises a wide range of activities prerequisite to plan, control and implement products flow. The supply chain management process comprises interconnected channels, structures, and businesses for combining the provisions of the products...
Credit Conditions in UK EconomyCredit Conditions refers to the overall situation of credit which is available in the market and also reflects the various factors which affect the credit availability in the market. The assessment considers the credit conditions in for non-financial firms which are operating in UK which will be done on the basis of Credit Condition survey reports. The credit conditions in an economy heavily depends on the market...
Analysis of Export StrategyThe company named as Roshanstore is located in Mohali district, Punjab region of India. The company is a famous store for packed foods in its area. This paper aims to explore the export strategy of the company. The company is firmly established in the market of its native court and plans to expand its business. It tends to tap the potential of the market of UK as packed food has high demand in European countries and ...
Market structure and economic conditions in which Tesco operates in UK1. Business economic concepts of market structure, small and medium enterprises, multinational corporations and growth strategy of Tesco Plc: In the contemporary global economic and corporate scenario, with the businesses becoming more complex, integrated, expanding and inclusive, almost in all types of industries, the operational framework of the businesses is becoming f...
Understanding the market your company servesThe study in supply chain management is taking a complex path due to the rapid expansion in the way logistics, purchasing, transportation, operations management, marketing, and R&D are being influenced by the emerging supply chain management issues. These issues are data archiving mechanisms and tools of production, globalization, quality and compliance and fast-changing markets. According to Mi...
Incoterm Selection ConsiderationTransportation and distribution can be referred to as moving of products from manufacturing plants to warehousing and in between facilities to distributors. They represent more than half of the total logistics costs. A transportation management system (TMS) is a subpart of supply chain management which concerns about transportation operations. It can be a part of the enterprise resource planning system. Distrib...
The Impact of Substitutes on Market Equilibrium The decrease of the price of leather jackets Economic theory has it that, a change in the price of a substitute of good causes a change in the demand of the substitute in the same direction. That, if the price of leather jumpers decreases as it is in this example, the demand for woolen jumpers will decrease, see. Therefore, the decrease in the price of leather jumpers will attract more c...
Automation and Supply Chain Management in SupermarketsIn the part of literature review, a critical evaluation is conducted regarding the impact of automation in warehouses and its various significant roles in logistic industry. Numerous eminent scholars have provided their own point of view regarding the impact of using automation technology and its overall outcome on the organizational workforces. With the emergence of technology, the concept...
Vicious Circle based on Supply SideAccording to the concept of Vicious circle of poverty, income level in less developed countries remain low and this further causes low level of investment and saving. This low investment in turn leads the country to experience low productivity along and low income (Pullen 2017). Based on the statement of Prof. Nurkse, this vicious circle represents constellation of forces, which further force a developing cou...