Purchasing management Essay Example | Topics and Well Written Essays - 750 words

Purchasing management - Essay Example tiatives, like the IT thrust by introducing supply chain management softwares to ensure regular deliveries, together with ERP implementations across the globe to support and augment these supply chain policies. There have been some delays and problems on the way but that has not changed the company’s resolves and it firmly believes that having right software in place will eventually strengthen its supply chain and give it a Purchase advantage. For the past 30 years the marketing strategy was dependant on the make to sell model. Products were made in anticipation of sales and cross fingers became a habit as change in tastes was the only constant and could not be planned for. It also left inventories that became a burden. Every manufacturer likes to evolve into make to order market. That is a segment that spells stability and a certain level of recognition in the market. It becomes more pronounced when the market is global, across geographies and cultures. Nike too had this vision. They wanted to cross frontiers with a common approach. It was a huge call and needed people to understand the conglomerate of which they were a part. It required a merger of thought, not just action, and the very vision became their clarion call, Just do it. Nike operates internationally and its Purchases have to be localized for certain items. This leaves a wide gap in demand/supply positions and can lead to delays and hold ups. It needed a strategy to overcome this situation globally. Before a company decides to go â€Å"global,† it must first show â€Å"an ability to appreciate the degree of globalization that exists in a given industry, or sector, and to provide the required strategic response. †Jeannet, Jean-Pierre,2 Centralization is the basic format of Nike’s plan. Not only product designing, but Purchasing, contracting out of manufacturing at different factories and delivery schedules are all carried out at the Head Office. In response to highly chaotic running shoes

International trade Research Paper Example | Topics and Well Written Essays - 2000 words

International trade - Research Paper Example However like every theory this connection between trade and economic growth and between trade and poverty might be empirically verified. If such a relation holds true then it will automatically provide a ground for the stagnant economies and the developing nations to remove trade barriers and introduce incentives to facilitate the same. Even the developed countries pursue protectionist policies on products related to agriculture, textiles and steel, which are, imported from the less developed nations. Initially the international organizations were pressuring the developing nations to liberalize their economies on the basis of structural adjustment loans. Currently their policies are changing as their attention shifts more towards the developed nations with respect to the removal of trade barriers in nations like Canada, EU and Japan. (Spanu, May 2003, p.1) The basis of all these lie in the theory of trade as an engine of growth and as a step towards reduction of poverty. Most of the literatures studied are in the context of developing or emerging economies. It will be interesting to study the impact of trade in the context of a developed nation like USA, which has recently undergone a vulnerable state of its economy. Hence it is important to empirically verify this theory through the study. Next the theory of trade as an engine of growth might be considered at the background of our research as already mentioned before. According to Adam Smith, David Ricardo and their followers, the secret of England’s wealth lay in trade related activities carried out by the ancient sailors. Without the occurrence of trade, the economy would have remained a closed one with poor living standards, which could gradually lead to the downfall of the economy. According to Smith, â€Å"trade extended the size of the market, promoted specialization and generated prosperity through its gains.† (Mehmet, 44) In