SUPPLY CHAIN PRACTICES IN PRINT MEDIA
Print media and newspapers have been the oldest form of information dissemination. Interestingly, newspapers reach the most remote locations throughout the country with being manufactured just a day before. The circulation of various newspapers is increasing day-by-day but the revenue generated by advertising is moving to other media sources. Most of the publishing companies were traditionally characterized by vertically integrated companies which didn’t want to share information. The growing trends of e-books, online newspaper etc. is decreasing the revenue for the print media. Also, the advertisements revenue is decreasing as companies are putting up ads in other media which is putting a pressure on the
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The publishers should have more data about the accurate sales data and other channel related data. Dynamic cost & process flow model is required in such cases to keep in pace with the changing supply chain model. The detailed information about the product and high-level product movement tracking can be used to provide high level of control and long range planning.
Various practices across the publisher supply chain include
• Large orders or broad purchasing orders for inks and newsprint
• These inbound supply chain are usually left flexible in nature. This is done to take advantage of the base product pricing
The supply chain model in any industry is built in such as way so as to balance time and cost and are forced to be fix. Whereas, the publishing supply chain model should be built in such as way so as to add cost to compensate for the small amount of time available to balance the level of
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While pre-press formatting enables the news to be ready for the press plate and no work has to be done for latter stages, the use of technology makes sure that faster processing happens. In terms of the critical time taken in the press operation, fixed run time takes the most amount of time. The output is limited by the number of machines and number of press processes which is difficult and costly to alter considering the high capital requirements. Thus the only way addition to the process is done can be by minimizing the starts and stops, minimizing edition changes etc.
The packaging process and production process should work in close contacts with each other because any delay caused in the downstream process like packaging can lead to slowing of production process.
After the various processes inside the industry and removing bottlenecks, sales management becomes increasingly important. The most important part of sales management is the sales planning. Since the most important part is circulation, creating maximum foothold is very important. This is achieved mainly through using transportation of private contract carriers within local areas, public transport for longer distances and via couriers in any other case. Most of the planning is done in three stages:
• Prospect generation &
Inbound Logistic Process Target is a retail store selling goods worldwide through its retail stores located at various part of the world. It purchases goods from its suppliers and ship those goods to its distribution centre and retail outlets. The continuous supply of merchandise is a tough job as the Global purchase is a difficult process to manage when; sources of supply, regional economies, and governments change in international purchasing can lead to disputes and
Requirements Gathering – 4 weeks This is the investigative stage of the project. which involved conception, initiation and analysis of the problem. Design phase – 3 weeks This stage involves translating the requirements from the previous stage into detailed designs that address them.
This reduced the company’s inventory costs by over 20% which improved delivery
Discussion: Sales are the most dominating factor for any organization. In any circumstances, sales will always
This paper presents an overview of Kmart retail supply chain in New Zealand. Various IT systems and software used by Kmart are presented in this paper. The new IT systems and business applications are also proposed. In retail sector, IT is involved at every point right from supply chain management to POS terminals for transaction processing. Efficient use of technology and IT systems can bring innovation.
This new process represented a major change in channel ordering and logistics and established the basic principles of CRP. In order to improve logistics in the channel, P&G began shipping products based on retail demand data, placing orders automatically for the retailer. Second, P&G rewrote their OBS.A key element of the new ordering process was the development of common databases for product, pricing and policy specifications. The common databases developed to support simplified pricing, were designed to provide data directly to the customer 's own system electronically. Third, P&G moved from Brand to Category Management.
The Value Chain 4 4. Operations Strategy Implications (Store level) 5 5. Inventory Management and Demand Forecasting 9 6. Supply Chain Management 9 7. Quality Management 11 8.
Movie industry consist of different types of firms throughout the product value chain. This market includes: famous movie studios such as Walt Disney and Colombia pictures, independent production companies like Sony pictures entertainment and Warner Bros pictures, independent distributions such as 20th Century Fox, and major national exhibitions such as Cinemark and AMC. In the United States each part of value chain in the movie industry is separate and integration between distributor and exhibition is not allowed. “Vertical integration between distributors and exhibitors is prohibited under the 1948 United States v. Paramount Pictures decree.”
Boeing identified the necessity of interface and teamwork required for planning and addressed those crucial factors using various tools (explained in the sections above). Some of these techniques are globally used in various industries. Boeing knew the mission and had a well-structured process to achieve that goal. As on date, Boeing has an allocated department which takes care of integrated planning and
Economic factors include factors like inflation, economic growth, interest rates, and currency exchange rates (Kotler, 2009). When an economic crisis occurs, it may lead to an economic recession, which affects the advertising industry. Whenever an economic crisis occurs, the advertising industry is the first one to experience a financial cut-down. During economic recession companies view advertising as an extra expense which the can ignore to stabilize the financial status. Such a cut-down affects the industry and anyone related to this sector.
Executive summary This report depicts the various stages of IKEA’s supply chain flow, providing an elaboration of processes that take place at each stage. It also shows the dependency of the stages and how information flows through the supply chain. After illustrating the supply chain flow process of IKEA, the report then moves on to analyze the company’s global supply chain strategies.
Burger King (BK) is an American global chain of hamburger fast food restaurants. Headquartered in the unincorporated area of Miami-Dade County, Florida, the company was founded in 1953. Burger King 's menu has expanded from a basic offering of burgers, French fries, sodas, and milkshakes to a larger and more diverse set of products. In 1957, the "Whopper" became the first major addition to the menu, and it has become Burger King 's signature product since.
Pizza Hut was established by Dan and Frank Carney in Wichita, Kansas, USA in the year 1958. Pizza Hut Inc. is one of the prevalent pizza companies worldwide. It was a subsidiary of Pepsi Co Inc. from the year 1977 – 1997. It is a wholly owned subsidiary of YUM! Brands since 1997 to present.
Exercise 3 Introduction Push and pull are strategic supply chain decisions can that are as a results of the impacts of operational, product and demand related variables (Wanker and Zinn, 2004). The push strategy moves products based on planning or forecasting whereas the pull strategy moves products as a results of real demand (Ballou, 1992). Thus in a push system, the products are pushed through the supply chain channel right from production to the retailer. The manufacturer builds its production based on historical ordering patterns and forecasting. Due to this it takes a longer time for this system to respond to changes in demand which results in overstocking, bottlenecks and bullwhip effect in the system.
Every business industry nowadays, whether they are aware of it or not, depends on business strategies that they implement in order to achieve high growth potential. Some businesses, however, tend to forget the importance of maintaining effective sales strategies, therefore, they experience a decrease in sales causing their business to eventually experience some financial difficulties. Gluck (n.d.) describes sales strategy as a plan that allows companies to position their brand or product in order to gain a competitive advantage. Successful sales strategy should create a need by convincing a potential customer that the good is presented to them can solve their problems. This has to be created as a “planned approach to account-management policy