Ethical Treatment of Big Data "Analytics holds dramatic potential to fuel innovation and economic growth. To realize that potential it will be necessary to address the data protection and privacy issues that the use of analytics raises. The risks to individual privacy must be solved so organizations will be able to use technologies and new sources of data for analytics robustly and with confidence. The Centre's project will create the clear guidance that mitigates against the risks raised by analytics but does not impede their use," -Paula Bruening, Vice President Global Public Policy for the Centre for Information Policy Leadership. Big data and the use of analytics are a rising trend within the business world.
Also with 1200 users in the mailing list, high volumes of messages resulted in clutter and chaos. The field sales employees also had to fax reimbursement requests for bottlers’ shared marketing and media expenses manually. 3. How has the productivity of the employees improved by using an Intranet? - There was an increase in the productivity level of the employees by using an Intranet as the benefits and improvements brought about has helped to aid employee productivity.
However, as for the summary of the article I will explain how each of the forces model relates to this article. The purchasing power which is also known as the buyer power is higher when the buyers have more choice. The companies are forced to add value to their products and services in order to maintain their loyalty. Many bonus programs are excellent services that customers want on-line. Customers want to solve their problems and often are more successful on-line and on phone.
1. What are the drivers of the RFID project? The drivers off the RFID project were to increase productivity, reduce cost which allows Boeing to process more efficient. Also by taking on the RFID project, it allows Boeing to better compete within the industry. They’re able to monitor and track the productivity within the supply chain allowing them to increase productivity in the sectors they feel necessary which leads them to processing more efficiently and effectively; which in results brings in more revenue to the company allowing them compete by investing more money not within the company but also within the future technology for the company.
In addition, when CEMEX began expanding abroad, they used PMI teams to streamline a new firm, identify and retain talent, and adopt the key standards of CEMEX's business model. This ensures that their subsidiaries are working in the same fashion as the home plant. CEMEX ws also able to reduce their costs by incorporating new technology, which allowed them to maximize knowledge to everyone in the company, and allow operations to flow more smoothly. In addition, concentrating their focus on other countries can help ensure stable revenues, such that if their home country is experiencing a downturn in GDP, they can stabilize their sales in other countries experiencing GDP growth. Further, there has been a reduction on tariffs due to exporting their product.
Suggest ways to strengthen the Sales Force Network for Marico 4. Identify ways to improve the efficiency of key functionaries such as the DSR, TSO and ASM 5. Suggest ways to improve product visibility in-store and on other retail platforms This involved a visit to several leading retail stores in Kozhikode. The observations and conclusions made thereof are based on the feedback from salespersons, customers and store managers in addition to those made by the project team. The challenges for the distributor were observed to surround visibility and forecasting.
By minimizing handling of goods through the use of direct shipments form the manufacturer to the store, as well as the use of cross-docking techniques where items are shipped to a cross-dock and then distributed to stores, Costco is able to minimize handling time. This minimized handling enables Costco to cut costs due to less labor involved. Costco also buys items from retailers on the grey market at deeply discounted prices that it can pass onto its customers. Often times, because Costco has such a rapid inventory turnover, Costco is able to buy products and sell them before the invoice is due, often taking advantage of early payment discounts, and in essence, the vendor finances purchase, and Costco is able to pass those savings onto its customers. I think that Cosco’s biggest weakness is that they are not overly forward-looking.
Considered as “the next big thing for management” (Wyld, 2006), RFID enables business information gathering throughout a company’s value SCM chain to provide critical information for speedy and accurate decision-making. Research has shown that with the ability to store more information than barcode labels, RFID improves production processes, provides real-time movement of materials increasing production planning and product placement efficiency. Research
In the service sectors, the cost saving from offshoring enables companies to create new service lines, many of which had been deferred for want of investment. New services increase customer satisfaction and become new revenue streams, as well as growth paths for companies. The geographic nature of offshoring brings its own advantages. It helps the company expand its reach, thereby helping the company grow. This growth mitigates any negative effects of offshoring.
The company has developed a strategic plan which enables the company to relocate the store shelves of Best Buy based on the behavior of the market. Best Buy has created niche segmentation to each store making the profit of the company grow bigger because of diverse target markets in each location. The company has also developed a reward zone program which allows the customers to earn points and receive gift certificate for future purchase (Pride, 2008). Resources and capabilities that allow the firm to complete important tasks are one of the strengths of the company. Best Buy is able to effectively manage the flow of its inventory that helps them complete the important task of having the right merchandise on its shelves for customers to buy.