Global Supply Chain Management an der International School Of Management | Karteikarten & Zusammenfassungen

Lernmaterialien für Global Supply Chain Management an der International School of Management

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TESTE DEIN WISSEN

Assumptions of the industrial location theory by Alfred Weber

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TESTE DEIN WISSEN
  • Enterprise operates in one country with an uniform plane & equal transportation paths
    1. Topography
    2. Climate
    3. Technology
    4. Economic system
  • The product is shipped to a single market location
  • Transportation cost may vary as they are a function of the weight of the items shipped & the distance they are shipped
  • Labor is not mobile & available in unlimited quantities
  • There is equal opportunity to purchase the product
  • The raw materials & the market location where consumption occurs are a fixed location
  • The location of the industry will be located in an area where it ensures the cost will be lowest for:
    1. Moving raw materials to the processing location
    2. Moving finished products to the market
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TESTE DEIN WISSEN

Outsourcing

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TESTE DEIN WISSEN

Outside Resource Using -> Transferring a Business to an External Company

  1. Outtasking= single tasks
  2. Business Process Outsourcing (BPO) = complete processes (e.g. IT support, security system)
  3. Offshore = distant country
  4. Nearshore = Nearby country 
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TESTE DEIN WISSEN

value

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TESTE DEIN WISSEN

the amount a costumer is willing to pay for the company's products or services

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TESTE DEIN WISSEN

Industrial location theory by Alfred Weber

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TESTE DEIN WISSEN
  • Determines industrial location of the manufacturing plant
  • Theory developed to resolve the problem of opposing locational pulls
  • Theory aids in determining where a process plant will be located to maximize profits & minimize costs
  • An industry will be located where the transportation costs of raw materials & the final product is at the least
    1. Minimizing transportation costs, minimizing labor costs & exploitation of agglomerations 
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TESTE DEIN WISSEN

Weight-gaining & Weight-losing products

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TESTE DEIN WISSEN
  • Weight-gaining: the finished products weight is more than the raw materials
    • The transportation costs for finished products are greater than that of the raw materials
    • Industry location would be the closest to the market
    • Example: breweries are often located near major population centers
  • Weight-Losing (also known as bulk-reducing): the finished products weight is less than the raw materials
    • The transportation costs for the finished products are lower than that of the raw materials
    • Industry location would be closest to the source of raw materials
    • Example: copper mining, concentration, smelting & refining industries are often located near the copper mines
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TESTE DEIN WISSEN

fixed costs

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TESTE DEIN WISSEN

cost that continue even if no units are produced (e.g. depreciations, taxes, debt, mortgage payments)


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TESTE DEIN WISSEN

variable costs

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TESTE DEIN WISSEN

costs that vary with the volume of unit produced (e.g. labor, materials, portion of utilities) 


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TESTE DEIN WISSEN

contribution

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TESTE DEIN WISSEN

difference between selling price & variable costs

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TESTE DEIN WISSEN

Why should you actively manage every single step in your value chain?

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TESTE DEIN WISSEN
  • Value: the profit of a company depends on the sum of margins of sold products and/or services
  • Cost: the margin is the result of the price customers are willing to pay (value) & respective costs that occurred 

-> increase value and/or lower costs

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TESTE DEIN WISSEN

utilization

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TESTE DEIN WISSEN

the percent of the design capacity achieved

  1. Utilization = Actual output / design capacity
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TESTE DEIN WISSEN

capacity

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TESTE DEIN WISSEN
  • Capacity = number of units a facility can hold, receive, store, or produce in a period of time 
    1. Determines if demand will be satisfied 
    2. Capacity decisions impact all decisions of operations management as well as other functional areas of organization
    3. Capacity decisions must be integrated into the organization’s mission & strategy
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TESTE DEIN WISSEN

cost

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TESTE DEIN WISSEN

total costs of all activities which generate the company's products & services

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Q:

Assumptions of the industrial location theory by Alfred Weber

A:
  • Enterprise operates in one country with an uniform plane & equal transportation paths
    1. Topography
    2. Climate
    3. Technology
    4. Economic system
  • The product is shipped to a single market location
  • Transportation cost may vary as they are a function of the weight of the items shipped & the distance they are shipped
  • Labor is not mobile & available in unlimited quantities
  • There is equal opportunity to purchase the product
  • The raw materials & the market location where consumption occurs are a fixed location
  • The location of the industry will be located in an area where it ensures the cost will be lowest for:
    1. Moving raw materials to the processing location
    2. Moving finished products to the market
Q:

Outsourcing

A:

Outside Resource Using -> Transferring a Business to an External Company

  1. Outtasking= single tasks
  2. Business Process Outsourcing (BPO) = complete processes (e.g. IT support, security system)
  3. Offshore = distant country
  4. Nearshore = Nearby country 
Q:

value

A:

the amount a costumer is willing to pay for the company's products or services

Q:

Industrial location theory by Alfred Weber

A:
  • Determines industrial location of the manufacturing plant
  • Theory developed to resolve the problem of opposing locational pulls
  • Theory aids in determining where a process plant will be located to maximize profits & minimize costs
  • An industry will be located where the transportation costs of raw materials & the final product is at the least
    1. Minimizing transportation costs, minimizing labor costs & exploitation of agglomerations 
Q:

Weight-gaining & Weight-losing products

A:
  • Weight-gaining: the finished products weight is more than the raw materials
    • The transportation costs for finished products are greater than that of the raw materials
    • Industry location would be the closest to the market
    • Example: breweries are often located near major population centers
  • Weight-Losing (also known as bulk-reducing): the finished products weight is less than the raw materials
    • The transportation costs for the finished products are lower than that of the raw materials
    • Industry location would be closest to the source of raw materials
    • Example: copper mining, concentration, smelting & refining industries are often located near the copper mines
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Q:

fixed costs

A:

cost that continue even if no units are produced (e.g. depreciations, taxes, debt, mortgage payments)


Q:

variable costs

A:

costs that vary with the volume of unit produced (e.g. labor, materials, portion of utilities) 


Q:

contribution

A:

difference between selling price & variable costs

Q:

Why should you actively manage every single step in your value chain?

A:
  • Value: the profit of a company depends on the sum of margins of sold products and/or services
  • Cost: the margin is the result of the price customers are willing to pay (value) & respective costs that occurred 

-> increase value and/or lower costs

Q:

utilization

A:

the percent of the design capacity achieved

  1. Utilization = Actual output / design capacity
Q:

capacity

A:
  • Capacity = number of units a facility can hold, receive, store, or produce in a period of time 
    1. Determines if demand will be satisfied 
    2. Capacity decisions impact all decisions of operations management as well as other functional areas of organization
    3. Capacity decisions must be integrated into the organization’s mission & strategy
Q:

cost

A:

total costs of all activities which generate the company's products & services

Global Supply Chain Management

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