First Time Li&Fung Essay Assignment

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Eviana Kathy Li & Fung (Trading) Ltd. “We are Li & Fung” It is the first statement that you can see when you open their homepage. They value their services as the global supply chain managers. There are many trading agents around the world, but why Li & Fung? Because as they obtain their success as one of the world's largest consumer product platforms, they can monopolize their vendor networks, their customer relationship and how they operate. They have their own way to value everything that they have done and build. So, How does Li & Fung create value for its customers and suppliers and how international difference in labor do costs play into this value? Like we already know, Li & Fung is trading and logistic business, to helped the company to provide values for its customers and suppliers, Li & Fung have some various services that will make them stronger and unrivaled 1. Sourcing They connected and matched suppliers with customers through their knowledge and expertise effectively or recommended some suppliers to their customers and let them choose as they desired. 2. Value added services Li & Fung monitor the whole process of production to meet desired quality and on-time delivery. 3. Quality assurance Li & Fung give assurance of quality as their customers' wanted. 4. Production monitoring to speed delivery They monitoring and make sure it will be finished before the deadline, they will do everything they can to speed up delivery or manufacturing product without decreasing the quality. Make a schedule for suppliers or give help to them. 5. Raw materials and component sourcing Advising suppliers how to obtain raw materials at a proper quality & price for customer’s preferences. 6. Customized services offerings In Li & Fung, customers can customized their desired and needed from labor costs, minimum operating and manufacturing costs, they can calculate it for the

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