MGOC20H3 Chapter Notes - Chapter 11: Drop Shipping, Fixed Cost, Ikea
Document Summary
2: environment (custom duties, tariffs, security screening, natural disaster, currency fluctuations, terrorist attacks, and political issues) Ethics and sustainability: aspects of ethics in the supply chain, personal ethics, ethics within the supply chain, ethical behaviour regarding the environment. Personal ethics: canada has developed principles and standards used as guidelines for ethical behaviour, determining when tokens of friendship become bribes challenging. Ethics within the supply chain: establish standards for suppliers. Ethical behaviour regarding the environment: supports conservation and renewal of resources, return supply chain can only be burned, buried, or reused. Supply-chain economics: huge portion of revenue devoted to supply chain, supply chain reduce costs and increase contribution margins. Make-or-buy decisions: wholesaler/retailer buys everything that it sells, manufacturing operation hardly ever does, make-or-buy decision choosing products and services that can be advantageously obtained externally as opposed to produced internally, firm focus on identifying their core competencies. Joint ventures: formal collaboration to enhance new product prowess or technological skills.
