Mercer University Purchasing and Supply Chain Management Terms Paper.
Define the term AND provide a real world example for each of the following 20 terms below. The terms are in reference to purchasing and supply chain management. Example must be included.1.categorical system,2. cost-based system, 3. market risk,4. supplier development, 5.supplier performance index, 6. supplier performance measurement, 7. supply chain risk management countertrade, 8. culture, 9. Foreign Corrupt Practices Act,10. foreign-trade zones,11. global sourcing, 12. international purchasing, 13. global sourcing,14. globalization,15. international purchasing, 16. nearshoring, 17. offshoring, 18. outsourcing,19. re-shoring,20. worldwide sourcingText Book with terms: Purchasing and Supply Chain Management 6th edition Monczka, Handfield, Patterson.Written in a paper format with the term as the title then paragraph to follow, double spaced, times new roman 12 pt. At least 8 credible references in APA format!!! (The website link must be included). See Example of reference format below: PLEASE FOLLOW FORMAT-Jusko, J. (2011). How to Build a Better Partner Relationship. Retrieved from www.wsj.com/asm.
International Business in Emerging Economies Report. Introduction Business environment is becoming competitive due to globalization caused by technological inventions. Firms have come to realize that in order to become competitive in the market they need to go beyond the local markets. This is one fact that management of Haier is well aware of and is planning on how to expand the market share for its refrigerators. There is need to enter into the emerging markets with this product. One of the most attractive destinations for this product is in South Africa (Pitt 2001, p. 58). This is not only because of the large size of the country, but also because of the massive growth of its economy. South Africa is one of the emerging economies, and the average purchasing power of the people of this country is relatively high as compared to other neighboring countries in the region. The emergence of the middle class in South Africa means that Haier refrigerators can easily find a huge market in this country. This is especially so in the major cities such as Cape Town and Johannesburg. However, this firm can only succeed in this market if it understands the external environmental forces that will affect its operations while in this country. The management should also be aware of the internal strengths and weaknesses in order to devise ways of managing the external market forces. This research will analyze the South African market environment. External Business Environment of South Africa Cultural, political, economic, and legal aspects of a country make up the external environment of a business. External business environment is very important because it will always determine success or failure of a firm. A business unit cannot survive in a hostile business environment. According to Cooper (2009, p. 78), external business environment always dictates growth and development of a business. In order to understand business environment of South Africa, PESTEL analysis will be important. This economic analysis tool will help us understand South Africa as a business region, and its viability in supporting growth and development of this firm. PESTEL Analysis of South African Business Environment Political Aspects South Africa is one of the leading democracies in this region. This country became a republic in 1994 from the Dutch. The president is the head of state and government. Politically, South Africa has a very stable government. The country has experienced a long period of political stability that has made it conducive for business. It has a very stable government that is supportive of business operations. According to Coulter (2009, p. 89), the political environment of South Africa has been very supportive of business operations. This scholar says that the political class has created a clear distinction between politics and business environments. The transitions from one regime to another have been very peaceful, and none has ever had a serious negative effect on the business fraternity since its independence. Economic Aspects As was stated above, South Africa has the largest economy in Africa based on Gross Domestic Product. Although the GDP is always very important when analyzing the attractiveness of a country in sustaining a business, the most important factor is always the wealth held by individual citizens. This country is one of the wealthiest nations in Africa in average household wealth. This means that its citizens have strong purchasing power. This makes the country a very attractive market for firms interested in venturing into it. The report by Davida (2008, p. 78) also shows that this country is rated favorably in purchasing power parity by GDP in this region. This means that wealth of the nation is fairly spread. This increases the purchasing power of the country. South Africans do appreciate the need to save, but they also spend a good part of their income. It is important though, to understand the fact that this country has also been experiencing economic recession that has been affecting the world from time to time. The country was affected by the 2009 economic recession that hit the United States and other regions of the world. The South African government came up with various policies immediately the 2008/2009 economic recession ended. The government has endeavored to ensure that the economy of the country do not experience difficulties it faced. The Socio-Cultural Environment South Africa has one of the richest socio-cultural environments in the world. Devellis (2001, p. 69) says that South Africa has a very rich cultural heritage that makes it stand out among many other countries. The socio-cultural environment of this country is diversified. This is because this country has people from all over the world. The people of South Africa cherish equality, and women have equal economic strength just as men. In this country, this firm should not segment the market based on gender. The country has been known for its ideals and declarations of rights of women. Based on religion, this country has several believers who are from different religions. The leading religion is Christianity. However, there are Muslims, Jews, Hindus, and Pagans among other African religions. All these religions have been co-existing peacefully and without any form of friction. However, each group has its own beliefs that make them unique in the market (Letavec 2006, p. 57). For instance, Muslims do not eat pork. Although their population is not very high in this country, they have an impact in the market. The management of Haier must therefore, be careful when segmenting the market. According to Clark (2000, p. 650), there is a unique character that makes the South African market different from others. The South Africans generally love leisure. They also like attractive products that symbolize love for life and for others. This is the reason why it is one of the leading markets for flowers in Africa. The country is also very sensitive when it comes to issues about colors. They have cultural beliefs about some specific colors. Each color has a specific attachment, and is therefore, suitable for different occasions. The Management of Haier must take a keen consideration when choosing colors for its products. This society is also very careful about diction. Every word has a special meaning. As a marketer of Haier, one would need to be very careful with the choice of word used during the promotional campaigns (Nagarajan 2005, p. 29). Any wrong usage of word may cost a firm its market share. The technological environment in this country is very dynamic. Technological inventions and innovations, especially in the field of communication have been the main challenge and strength of various firms at the same time. While some firms are left with nightmares of trying to guess what their competitors in the market are going to come up with overnight, some have used this technology to emerge as the leaders in the market. Technological changes are so unpredictable and firms are struggling to come terms with these changes. The dynamism of technology in this sector has forced some firms out of the market. Legal Aspects According to Goolnik (2006, p. 56), no firm can operate in an industry that has no clear laws and regulations to help in general governance. Laws and regulations are always enacted to help define the relationship between a firm and the government, a firm and the public, and a firm with other firms. This law should be clear on various operational issues in order to ensure that operations of one firm do not affect that of another firm. Some governments always enact laws that may motivate growth of one industry, while impeding the growth of another country. Other laws may also be enacted to discourage foreign firms from investing in the country. The government of South Africa has enacted laws that liberalize the economy. The laws have encouraged growth of the private sector through public-private partnership (Kanda 2011, p. 84). Legally, most firms have not faced major challenges. The laws that govern trade in South Africa have been very favorable to most firms. However, some firms have faced serious litigation cases for failure to follow some of the industry rules and regulations. Of importance to note is that this country is largely a Christian state. Most of the laws of this land are based on the morals and beliefs of Christianity. For this reason therefore, some businesses practices are not allowed in this country (Binder 2007, p. 84). Failure to follow the industry and national laws and regulation may not only lead to serious fines imposed by the government on the firm, but even a total closure of the firm. Haier should be aware of this. The government has clearly defined how firms should relate amongst themselves. Such issues as advertisements are closely regulated, with various agencies keenly monitoring content of the adverts. This is specifically so due to two main reasons. The first reason is to ensure that an advert for company A does not have a direct negative effect on products for company B. This is to create a healthy competitive environment where firms have respect for one another. Another reason for this regulation is viewers of the adverts who are below the age of majority. A standard language should be used when advertising in order to ensure that children’s mind is not polluted with contents meant for adults. However, given the nature of the product Haier is taking to this market, it may not face any serious challenge from this perspective of the law (Murch 2004, p. 48). The management of Haier only needs to understand how it needs to relate to the government, the public and other firms in this country. There are some environmental concerns that have legal implications. South Africa is one of the emerging economies in the world. There are environmental agencies that have come out strongly to defend nature from any form of pollution. When operating in this country, the management of Haier should be aware of the laws that are enacted to protect the environment (Barker 2003, p. 89). Contravening these laws may result in litigation against the firm. This can cause serious financial consequences. Internal analysis of Haier Using SWOT Model SWOT analysis is always a very important tool that helps in determining the internal ability and weaknesses of the firm, and the opportunities and threats that are available in the external environment. This analysis will help in understanding this firm, and in knowing some of the factors that have propelled it to its current position in the market. Strengths and Weaknesses of the Company Haier Company has some special abilities that can be considered its main strength in the market. The ability of this firm to develop a variety of refrigerators of different sizes and for different purposes has earned it a massive ability to target various market segments. To help it succeed in this industry, this firm has come up with a quality control unit in all its subsidiaries in order to ensure that it delivers quality products to the customer (ChiouInternational Business in Emerging Economies Report
Mercer University Purchasing and Supply Chain Management Terms Paper
Effect of Reading on Control Process of Colour Naming
Hannelore Swain Abstract Former research suggests that there is complication when asked to recall the colour of the ink a word is written in, especially if the text is the name of an alternative colour. The purpose of this study was to investigate the Stroop effect to see if the automatic process of reading interferes with the control process of colour naming. Two groups of participants were either given the colour word condition or the non-word condition, all of the words in both conditions were written in one of six ink colours. The participants were then asked to recall the ink colour of each word in the fastest time possible ignoring the written word itself. The results confirmed that participants took longer to recall the colours of incompatible colour words compared to the non-word condition. The results support previous research on automatic and controlled processing and provides greater evidence of the Stroop-effect. Introduction The concept that the controlled and automatic cognitive processes are fundamental to human cognition has been suggested for many years. In previous literature papers a controlled process is referred to as consciously coordinated actions stimulated by the precise attention and the control of the individual (Schneider
Florida Atlantic Innovation & Strength of the Colgate Toothpaste Discussion
online homework help Florida Atlantic Innovation & Strength of the Colgate Toothpaste Discussion.
Right a SWOT analysis on Colgate toothpaste with CBD oil infused to lower anxiety.Below is the Market summary, Direct competition, marketing analysis. Market Summary – CBD ToothpasteCBD has becoming significantly more popular to add to products due to the increase of new studies and information that have been released that highlight the benefits of CBD within different products. CBD is found naturally within the cannabis plant and has a number of different benefits when extracted and used within products or ingested by consumers. The benefits of CBD include pain relief, reduced inflammation, reduced anxiety/depression, help with sleep, and even has antibacterial properties. The benefits to CBD are really endless, which is why this ingredient has become so popular over the years. At Colgate, we understand the significance of this ingredient, how important your oral health is which is why we wanted to add it into our innovative formulas. Brushing your teeth our CBD infused toothpaste will help consumers who are struggling with anxiety and depression to reduce these feelings. CBD is also said to help treat sleeping issues, and brushing with our Calming Sensation and Relief toothpaste before bed can allow the consumer for a better night’s sleep. Another benefit of CBD are the antiseptic and antibacterial properties it holds, which destroy and even prevent the growth of bacteria. This is important, as gum disease is a rising issue within America. For people that are suffering from gum disease, this product could be a savior allowing the consumer to receive pain relief and anti-inflammatory benefits from brushing alone.Direct Competition The surveys highlight that both an individual’s general and consumer personality could be told from how their purchase behaviors are. Ideally, the consumer’s general and consumer properties would indeed be effective to judge their behaviors. In terms of the general properties, depending on the nature and type of a consumer, the purchasing behavior and attributes would be greatly different. Consumers would generally go for the items that they feel are good for them and effectively suits them. In my opinion, the surveys conducted to look for the relationship between the consumer personalities and their purchase behavior is very true. These studies are accurate in the explanations they provide on how some of the consumer attributes would affect their purchase behaviors. Ideally, different customers who prefer expensive goods and can afford them would prefer them over the cheaper ones. A consumer whose personality ranks high would go for better or high-end products in the market compared to those other consumers whose preferences lie on the cheaper products. This factor makes the online surveys conducted on the relationship of the consumer behavior and their purchase power. Ideally, there is indeed a great relationship between the two. Marketing Analysis Statistics Colgate Calming Sensation and Relief will target those individuals who deal with anxiety which can be a leading cause of lack of sleep, which will help improve their health and wellbeing. Anxiety issues is the leading mental illness in the United States which affects 40 million people that are of 18 years of age or older which comes out to 18.1% of the population (aada.org). This number is nearly a quarter of the population as anxiety is related with many other disorders such as OCD, PTSD, Stress, and even depression (aada.org). The latest trend in combating this alarming statistic is CBD oil. The main purpose of CBD oil is to regulate the body’s endocannabinoid system, which targets the neurochemical network of the body as it controls primary functions, such as mood, sleep, immune response, cognition, appetite, and paint (Observer, 2020). This is more than a fad and it seems to be here to stay. 64% of Americans are familiar with CBD and/or CBD products (Brenan, 2019) while 33% of American adults have used CBD once or more. (Berger, 2020). After extensive research, it is clear yet shocking that there is no CBD infused toothpaste on the market. Colgate Calming Sensation and Relief will be produced by it’s parent company Palm-Olive and will be infused with a minimum of 40 mg of CBD oil as this is the average amount recommended for treating anxiety and helping one to sleep (Ashton, 2020). It will be recommended to brush before bed and once you wake up as this will allow for better sleep and calmness throughout the day as from a recent study showed that 66.7% had reported an improvement in sleep from this dosage (Caporuscio, 2020).Market Summary
Florida Atlantic Innovation & Strength of the Colgate Toothpaste Discussion
SEU 241 Healthy Eating in Pandemics Discussion
SEU 241 Healthy Eating in Pandemics Discussion.
In order to support individuals in eating healthy during self-quarantine and isolation, which could positively reflect on physical and mental wellbeing, in your opinion:What are the guidelines for healthy eating food?What are the factors contributing to poor control of food intake in humans?The paper assignment should be submitted on time (APA style – cover sheet) (check pages 6-7 in the course outline).Instructions:Length of the write-up should be 200-500 words.Font should be Times New Roman, and size should be 12.Heading should be BoldThe text color should be BlackLine spacing should be double.Proper headings with number should be given for each segmentAvoid PlagiarismAssignments must be submitted with the filled cover pageAll assignments must carry the references using APA style.
SEU 241 Healthy Eating in Pandemics Discussion
Adler School of Professional Psychology PTSD Diagnosis and Treatment Discussion
Adler School of Professional Psychology PTSD Diagnosis and Treatment Discussion.
These are two separate question, and should be answered separately with a least 1 in text cites with at least 200 words with reading provided below.Question 1:How do you think “rape scripts” influence the way we might diagnose PTSD in a rape survivor?Question 2: What does it mean to address trauma “systemically?” DESCRIBE three elements that should be part of a systems approach to trauma-informed practice.Required ReadingSkinner, L., & McLean, L. (2017). The conversational model and child and family counselling: Treating chronic complex trauma in a systemic framework. Australian & New Zealand Journal of Family Therapy, 38(2), 211-220. doi:10.1002/anzf.1214
Adler School of Professional Psychology PTSD Diagnosis and Treatment Discussion