Essays on Demand Management

Executive Summary

The current global economy is undergoing dramatic changes that make it more technologically dependent as well as information intensive. Fundamentally, the role of logistics is becoming highly crucial in all business entities with an objective to improve and satisfy the customers’ demands, taste and preferences. With the current dynamic changes in logistics networks in the supply chain, organizations are likely to face numerous logistics problems. As a result, they are required to formulate effective Logistics Management concepts and tools to help to assess various logistics problems and improve their operational performance. This paper analyzes the application of some the ...

Supply Chain Management (SCM) manages the relationships across the supply chain. Supply chain is the interconnection of businesses and relationships. SCM does not only facilitate the synergy of management but also promotes company integration. To meet the customers’ needs, consultants, practitioners and academic have incorporated logistics with the supply chain management. The incorporation aims at implementing, planning and controlling the storage of goods, facilitating the flow the goods and services, and the required information from the origin point to the consumption point.

The Stability of Supply Chain Management framework determines the success of any supply chain process. The ...

Time Value of Money

In financial management, time value of money is a concept that money received today has more worth than the money received tomorrow due to its increased earning capacity. In other words, since interest and investment return could be earned today, therefore, money accumulated or invested today has more financial value than the money spent in future.

Efficient Market

When, in any market, information is available to all participants, transaction costs are low or kept to a minimum and prices of commodities respond quickly to any given information, this is known as an efficient market.

Primary versus Secondary Market

Primary market is the place from where investors purchase ...

Abstract

Increasingly complex international business environment calls attention for sustainable practices not only within internal landscape of the companies, but across various elements of its supply chain. Shared value and integrated supply chain take more and more space in strategic planning and long-term investment portfolio of large multinational corporations. Aircraft manufacturing is in the heart of these challenges. With that in mind, the document focuses on the analysis and evaluation of general challenges of Supply Chain optimization by looking at six elements of Boeing BBJ division supply chain: supply chain management and sustainability, strategic capacity management, global sourcing and procurement, ...

Introduction

Supply chain management is a term that is very common in many businesses enterprises. It is a term that has been subjected to a variety of definition but in its simplest form, supply chain management is a management philosophy whereby manufacturers or service providers utilize various integration and partnership efforts with suppliers to reduce the cost and improve quality and delivery timing. Terms such as integrated logistics, supplier integration, integrated purchasing strategy, supply chain management, value chain management, Just-In –Time (JIT) logistics, supply chain synchronization and lean production are some terms that are often mentioned alongside supply chain management. These terms usually represent ...

Introduction

Business establishment in Australia just as in any other part of the world has regulatory standards and measures that have to be adhered to. The regulations and legislation are meant to ensure fair competition, sufficient protection for the participating parties and maintenance of integrity in the market. Business regulatory requirements in Australia are determined by the Australian government, State and respective territory government agencies. It is very necessary for the public good and ensuring sanity in business. Legislation and regulatory measures are critical for the establishment and operation of airports. It is a state corporation and, therefore, the Australian government ...

A Research

Airport Management and Improving Efficiency

Airports are like gateways of the modern world. The aviation industry has contributed in bringing the world together and enabling globalization to be effective in a major way. It is through the airplanes that people could travel long distances between countries quickly and with improved safety. Airports are where the airplane reaches and the passengers get down to get going to each of their works- either business or pleasure.

With the extent to which the air travel has expanded, it has resulted in the airports to become large and have to handle huge volumes of ...

Operations Concept

Concept of operations is basic, yet complicated to any management system in business, the purpose of operation management is how an individual, group or the whole company as a whole, by utilizing operation management to success in the future. It is upon application of these concepts that desired objectives are achieved including a smooth running of a business and good definition of policies and ethics that govern the business. In this case, operations concepts focus much on the transportation network that a company undergoes in the event of running the day to day activities. As indicated in Deschutes County ITS Plan (2005, p. ...

Introduction

Various instruments of macro-economic policy affect a country’s economy and the global economy at large. They include monetary policy, fiscal policy, and the supply side policy. Monetary policy is when the government decides to use the interest rates and the money in the economy to control the economy (Griffiths & Wall, 2012). This can be applied during recession to expand the economy, or during boom to restrict the economy. Fiscal Policy is used to direct the economy by deciding the expenditure of the government, the resources, and the taxation. The supply side policy is used to change the economic ...

Blackwell Industries

As more advanced technology became available at Blackwell industries, the present business processes changed as business relationships changed. Competition and productivity imperatives have stressed automation and enhanced inventory management. Blackwell industries can no longer afford to manually enter purchase orders; since it is too time consuming, costly, and error prone. Moreover, competitive pressures have permitted clients to demand timely processing and delivery and on-demand information about their orders. At the same time, Blackwell’s own purchase personnel wants to know who they are selling to and why. Many questions are asked: Who are our customers? What products do they ...

INTRODUCTION

Service organizations face a challenge in terms of managing demand and capacity. Revenue management (also known as yield management) is a technique designed to address that challenge. Mudie and Pirrie, define revenue management as ‘provision of the right service to the right customer at the right time for the right price’ (164). Therefore, revenue management is a technique used to determine the optimal price of products generated by sale. It involves detailed forecasting of demand behavior and sophisticated mathematical modeling. There exists a strong relation between revenue management and marketing. Since, revenue management is responsible for demand control, including setting rate and availability controls, ...

How are demand management and production planning linked to logistics planning?

A customer’s demand for a good is very important in the supplier’s plans for meeting the needs of his client. The nature and urgency of the client’s needs are evaluated and this helps the supplier in coming up with plans to meet the requirements of the customer. Proper management of demand dictates the success of the supplier and thus demand needs to be carefully analyzed to come up with proper logistics plans. The demand dictates the supply chain option to be adopted to meet the requirements of clients. The supplier needs to put strategies in place to ...