Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- Advantages Rationalisation of production/reduction of cost Legal security pollution prevention Competitive advantage Better imagine in the eyes of the customer and the public Active cooperationarrow_forwardWhat is a trend in the supply chain, and how does that trend enhance value to the business operations and contribute to the company’s overall competitive advantage?arrow_forwardRead the following case study based on Wal-Mart and answer the questions that follow, not all the answers can be found in the case study, you may be required to conduct additional research. Measuring Wal-Mart's impact on South Africa What exactly will Wal-Marts presence do to South Africa’s retail supply chain? A recent study tried to measure just that. According to the Supplychainforeseight research study, South Africa’s local retail sector is prepared to deal with Wal-Mart’s proven plan for success. Local retail businesses will try and compete with Wal- Mart by emphasizing communication and increasing customer service. The local retailers are also expected to try and ‘streamline the supplier base,’ which could result in more stable, cost-effective contracts with suppliers. “Walmart might be defined as a supply chain business that happens to be a retailer; as opposed to supermarket chains, who are retailers who happen to be in the supply chain business,” industry consultant…arrow_forward
- The concept of sustainability in business has gained significant prominence in recent years, reflecting a growing awareness of environmental and social responsibility. Sustainable management involves integrating practices that minimize the impact on the environment, promote ethical business conduct, and contribute to the well-being of communities. Companies are increasingly recognizing that long-term success requires a commitment to sustainability, considering factors such as resource conservation, waste reduction, and ethical sourcing. Sustainable management practices not only align with global environmental goals but also resonate with consumers who prioritize socially responsible and environmentally friendly businesses. Embracing sustainability is not just a corporate responsibility but a strategic approach that can enhance a company's reputation, attract environmentally conscious customers, and contribute to a more sustainable future. Question: In what ways can businesses…arrow_forwardshould all organisations have a department dedicated to sustainable supply chain management? Why/why not? is it possible for micro-organisations (such as a street vendor) to engage in sustainable supply chain management? Why/why not? What are some sustainable supply chain management initiatives that more organisations should undertake to ensure sustainable operations?arrow_forward
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