Risk Management and the Supply Chain Research Paper - 1

Risk Management and the Supply Chain - Research Paper Example This paper will focus discussing the way unknown-unknown risk has a negative impact to supply chain. Moreover, it will also explain the way investing in redundancy, increasing velocity in sensing and responding, and creating adaptive supply chain community can assist in mitigation of this form of risk. A significant aspect of unknown risk is consequences that cannot be predetermined; through they have adverse effects on supply chain of an organization. For example, earthquake is a type of unknown risk, which occurred in Japan on March 11 2010 leading to the devastation of infrastructures that supported supply chain in the country. In this case, this unknown risk interrupted the power systems, and destroyed infrastructures by dumping debris on roads, which interfered with the transport system (The Economist, 2009). Seemingly, this earthquake led to significant interruption of supply chain, which is associated by numerous Japanese companies. Evidently, there were interruptions caused by this disaster such as halting production in companies operating from the north and east of Japan; in fact, they were forced to evacuate. Therefore, these firms were subjected to this unknown risk since consequences such as closing the plant due to shock caused by the earthquake were not anticipated. On the companies affected by this disaster was Renesas, which is a manufacturer of microcontrollers, whereby they were subjected to this unknown risk that led to closure of six facilities. Damages resulting from this disaster have a negative impact on other components that support supply chain such as ports, railway lines, and roads. Therefore, goods are neither transported to local nor international markets. For instance, occurrence of the earth in Japan led to interference of operations in various organizations that are market based such as Sony, whose supply chain was significant affected. Apparently, the impact of this earthquake was also transmitted to

Evaluate one aspect of care that you have experienced during the Essay

Evaluate one aspect of care that you have experienced during the course that has changed since you left Nursing Practice in 1999. The practice of urinary cathet - Essay Example Urinary tract infection related to the use of urinary catheter is often associated with the increase rate of morbidity, mortality, and length of hospital stay. (Tal et al., 2005) Therefore, it is necessary for health care professionals to continuously improve the hospice and palliative care. To enable the readers to fully understand the subject matter, a list of related definition of words will be provided followed by discussing the main purpose of urinary catheterization and evaluating the impact of using urinary catheter on terminally ill patients who are admitted in a hospice environment. As part of evaluating the practice of using urinary catheter on terminally ill patients, a literature review will be gathered to examine the health benefits of using urinary catheter in terms of promoting dignity and comfort on terminally ill patients. Contrary to the health benefits of using the practice of catheterization, the associated risks of infection and ways to prevent infection among the patients will be thoroughly discussed prior to conclusion. Hospice Care – special care given to terminally ill patients which aims to improve the quality of life by relieving their pain and other symptoms during the last few days in a person’s life. (Avert, 2009a) Overactive bladder (OAB) – â€Å"a form of urinary incontinence in which sudden, involuntary contractions of the muscle surrounding the bladder produce an urgent need to urinate – often so sudden that the person with the condition is unable to make it to the bathroom in time (a condition known as urge incontinence)† (UCLA, 2009). There are a lot of urinary problems which normally occurs when a person reaches the old age. In some cases, illnesses and physical injuries may also contribute to urinary problems. In general, â€Å"the human organs, tubes, muscles, and nerves function together in

Business Strategy Essay Example | Topics and Well Written Essays - 2000 words

Business Strategy - Essay Example Yahoo was founded by Jerry Yang and David Filo in 1994, mainly as a website which featured a directory of other websites. From that beginning, it spread its operations extensively, making strong presence in certain segments, but still lay behind Google in majority of the segments, as well as in relation to market share and revenue. Actually, in 2000, Yahoo and Google had a working association, with Yahoo using Google for search results. However that was short-lived, and both the companies parted ways and importantly started competing against each other in various segments. Porter’s ‘five forces framework’ Threat of Entrants Any industrial sector will have threat from new entrants, and dot.com sector will be no exception. Actually, the dot.com sector, used to denote the companies that mainly do their operations over the internet with a website and a domain ending with .com, got originated due to the entry of new entrants particularly in Silicon Valley. This being t he case, there will be a constant threat of new entrants in this sector. New entrants are always attracted to industry sectors that are flourishing and that seem to offer the potential for healthy profits, dot.com industry fits that bill aptly. (â€Å"Consulting Tools†). They are targeting various segments in the dot.com industry from emails, video sharing and hosting, etc., Although, Google and Yahoo have consolidated their positions in these segments and hold larger market share, these new entrants by giving widespread services are minor threats. Threat of Substitutes The threat of substitutes will be found more in the dot.com industrial sector, because the lines of control and authority are blurred in the virtual world. With no worldwide authority to detect and stop copyrights infringement and other violation of trademark services, substitutes can come with similar services or slightly modified services, negatively impacting pioneers like Google and Yahoo. However, the fac t is, these two companies were also accused of coming up with substituting services, violating the rights of other players, but that were only minimal. With Internet coverage increasing, the competition for online business also increases, and using this opportunity many players are coming up with substitute services. For example, Google’s Iphone has been substituted by other local mobile phone makers, likewise Youtube has many substitutes like Dailymotion, Yahoomail has been substituted by many pan-national as well as local players. â€Å"The Internet creates new substitution threats by enabling new approaches to meeting customer needs and performing business functions† (Shin). Power of Suppliers In the dot.com industry, quite uniquely, the supplier of product or services as well as user or customer of service will be maximally one and the same. That is, most of the products or services offered by the companies, like websites in search engine results, videos in Youtube , Google Adsense feature, etc., are not created ‘in-house’, instead they are sourced from the suppliers outside. Those same suppliers along with sizable common people will also utilize those services as customers. Thus, the companies by aptly hosting or collecting or arranging those things and even

Services Project Management Essay Example | Topics and Well Written Essays - 2250 words

Services Project Management - Essay Example This can also be recognized as a total lack of transparency between the bidders, and that suits the client perfectly. The disadvantage in public projects is the often insufficient perception of potential pitfalls and showstoppers during the procurement process, as interaction and discussion prior to bidding is discouraged. As a result, some public projects fall prey to extensive and numerous design and specification changes, ruining their original time and cost estimates. Such projects are allowed to meander along as all involved tend to keep within the strict purview of their job description within the overall governmental framework, not willing to say or do anything to either rock the boat or to steady it. Such projects are orphaned very quickly, with a chronological propensity towards non-accountability. On the other hand, private sector procurement is made with a firm eye on deliverables, and technical vetting of bidders and a bidding process is less important than the need to get a contractor who will deliver in time to spec. Transparency is variable, especially if the contract is negotiated, as the ability and competence of the contractor is beyond dispute, and educating him about the project adds value. Private sector procurement also goes the open tender route, depending on the most suitable procurement mechanism for the particular project. The strongest case for open tenders is made by case for equal opportunity and enhanced transparency in such procurement, whereas a deeper understanding of the project and a stronger tendency to adapt to change characterizes the negotiated tender, making it popular with the private sector. A solution that offers is a hybrid of both styles of procurement, and works across the board for projects of any scale, complexity and ownership, is the process of procurement that consists of competitive tendering in one or two stage, followed by negotiations with the chosen / lowest bidder. However, such a technique is effective only if the chosen bidder is not aware of his status as the lowest, so as to keep him willing to negotiate. This technique is followed in public as well as private sector projects. Stage 1 is known as technical bid (open tender stage), followed by Commercial bid (negotiation stage). 2.2 The process of procurement is a series of exchanges between the client and the contractor, with an increasingly high level of exactness and clarity on conditions of contract, culminating with the actual execution of the contract. A contract consists of three parts, Offer, acceptance and consideration. Although Estimate, Quote and Tender are terms commonly used, there are distinct differences between the three. An estimate is the contractor's perception of the cost or a particular amount of work, and is approximate. It is prepared after taking a preliminary look at the work that is required to be done. An estimate may be prepared by a contractor or by the client on the basis of the bill of Quantities, to arrive at a rough cost of the project. It is not technical in nature, and is based on

Fundamentals of Marketing Personal Statement Example | Topics and Well Written Essays - 250 words

Fundamentals of Marketing - Personal Statement Example STEEPLE analysis as an outcome that is covered in the module brings out market dynamics and marketing environment with consideration of competitors in marketing (Cant, Brink and Brijball, 2006). The learning about the dynamics and marketing environment allows of putting up strategies that enables effective competition in marketing despite the changing conditions that occur during the marketing process. Understanding on the wider environment in which marketing of an organization is done is important in marketing planning and strategy. Factors that are in the operational environment such as government policies and changes in attitudes of consumers are important in marketing as they are needed in strategies that are made in convincing consumers to use the products (Cant, Brink and Brijball, 2006). The impacts of the policies to marketing of an organization were learned. Learning was also on marketing environment. This was on strategies of other competitors and their effects on the marketing strategy of an organization. The strategy that an organization make for effective marketing competition can be affected by other competitors and flexibility to change the strategies are needed in such

Global logistics Essay Example | Topics and Well Written Essays - 3000 words

Global logistics - Essay Example This paper will present a report to discuss various logistical issues and logistical procedures that should be considered by Middle East Division of MedicalCare International (MEDMI) before commencing the export of pharmaceuticals from Sao Paulo, Brazil and cosmetics from Bangalore, India. This report will discuss various modes of transport and destination ports that can be depended for MEDMI’s supply chain procedures. In order to develop and sustain effective global logistics, the management of MEDMI will have to address environmental issues apart from a number of issues related to logistics networks, inventory handling, organizational relationship, and performance measurement. These issues are discussed below: The global presence of MEDMI will certainly impact the channel structure it chooses for transportation between Jebel Ali and ports in Sao Paulo and Bangalore. Transportation between these ports involves longer distance leading to greater levels of risks, uncertainties and costs. Complexity of channel relations and costs for logistical operations will increase proportionately or more than proportionately when the firm’s network relation between global supplier, intermediary and customer expand (Gourdin, 2006). Severity of competition in global logistics is one of the main issues the management of MEDMI will have to address before starting exporting from Bangalore and Sao Paulo. Firms playing in global logistics compete with others through product differentiation or other strategies, and therefore, it is important to evaluate those factors that contributing to the competitive advantages of its competitors. Marketing strategies and distribution systems are normally interrelated. Well before arranging the export from Bangalore and Sao Paulo, managers of MEDMI have to take strategic decision regarding what type of distribution will be most supportive of its marketing strategies. There are three modes of distribution;

Leadership diary 7 Assignment Example | Topics and Well Written Essays - 250 words

Leadership diary 7 - Assignment Example The news revealed that the following leaders have agreed on the pay cut and remit these salaries to furloughed federal workers: President Barack Obama, Secretary of State John Kerry, Defense Secretary Hagel, and Attorney General Eric Holder (Harding). This situation evidently describes leaders’ commitment to uplift the condition of workers, under their jurisdiction, by augmenting their income through personal resources, as a pledge of unselfish support and for the improvement of these workers’ conditions. Situation 2: Another remarkable leader is U.S. Rep. James R. Langevin of Rhode Island, who is reportedly afflicted with quadriplegia, but his disability did not detract him from being a public servant. He was recently awarded with the Henry Viscardi Achievement Award, â€Å"a new international Award designed to identify and honor people living with disabilities for their work and influence on the global disability community of more than one billion people† (NINE EXTRAORDINARY LEADERS IN THE GLOBAL DISABILITY COMMUNITY RECEIVE THE 2013 HENRY VISCARDI ACHIEVEMENT AWARD). His leadership in the local community was exemplified through his commitment as the chairperson of the â€Å"bipartisan Disabilities Caucus and is leading the fight for stem cell research funding and strengthening amendments to the Americans with Disabilities Act† (NINE EXTRAORDINARY LEADERS: U.S. Rep. James R. Langevin par. 1). His exemplary endeavors and behaviors, despite physical challenges made him a perfect example of a contemporary leader in fulfilling leadership tasks and responsibilities. Harding, Alison. "Kerry pledges to donate portion of salary to charity." 5 April 2013. CNN Politics. 6 April 2013 . "NINE EXTRAORDINARY LEADERS IN THE GLOBAL DISABILITY COMMUNITY RECEIVE THE 2013 HENRY VISCARDI ACHIEVEMENT AWARD." 4