Otis Toy Trains
The proposal by the Chinese company JLPTC is attractive in terms of pricing. While price is an important factor and a key success factor in a lot of cases, there are other variables as well that need to be considered. As a consultant, it is important to state down the changes that are expected to take place objectively and then take a course of action based on that.
Some of these factors are how the supply chain will be impacted in terms of sourcing the products, logistics management, contract and service level scenarios, warehousing costs, inventory levels to keep, demand forecasting, level of information sharing as well as reliability, flexibility and responsiveness of the modified supply chain. (Swink, Melnyk, Cooper, & Hartley, 2011)
Discussing each in turn, the quality of the products that JLPTC makes will have to be a top concern, given that one of Otis train's core efficiencies lies in the detailing of its toy trains, and if this is outsourced to JLPTC, there effectively will be a loss of control. Secondly, as far as a logistics management scenario is concerned, the company was based in Minneapolis as the buyers were concentrated mainly in that area, saving on logistics costs. However, now when the production will be done in China, by the company, a host of international trading regulations will be involved, clearing and forwarding agents at both ends respectively will have to be taken on board. Warehousing and inventory management costs will rise, as finished trains will have to be stored first in China and then in the U.S.A. Moreover, demand forecasting will now involve two entities...
Counterfeiting Law in France: Similar to other developed countries, France has a unique system of safeguarding intellectual and industry property rights. This system is not only applicable to creative or artistic rights but is also used to govern patents, trademarks, designs, and drawings ("France Intellectual Property Law," n.d.). Generally, the country's intellectual property law covers three major areas i.e. intellectual rights within the country, intellectual property rights outside the country, and
This law was designed to punish the supplier, not attack the unsuspecting victim of the crime. However, the size of this seizure of merchandise is evidence that these measures simply do not work. Despite existing laws, consumer demand for these products remains high. The ultimate solution to the counterfeit and fakes problem is to convince people to stop buying them. This seems to be a reasonable approach, but the volumes
Mr. Leiber will be eligible to claim $1,000.00 for each of those pieces as the difference between the contract price and the actual current price is approximately a difference of $1,000.00. If however, that price changes during the course of arbitration the difference in price should be changed in order to reflect that difference. Further according to article 50, should Satel have to ultimately pay for the 30 non-counterfeit
COUNTERFEIT COSMETICS & HOMELAND SECURITY ISSUES Problem Identification Counterfeit cosmetics are prevalent specifically over the Internet on such websites as Ebay. These cosmetics are dangerous and cause severe problems even death among those who purchase and use these products. The U.S. Department of Homeland Security (DHS) is reported to be conducting an investigation of the major counterfeit cosmetic manufacturing rings that are producing and selling products reported to contain "high concentrations of
Counterfeiting on Luxury Goods Consuming counterfeit products social effects. Consumers want to project a desired social image Consumers want to project an external image of themselves that gives them a certain social status, even though internally they know they did not pay top dollar for their "luxury good." For example, someone who buys a counterfeit Louis Vuitton bag does so for the purpose of being able to present herself in fashionable light
For instance, one of those interviewed had a counterfeit Louis Vuitton bag whose value she claimed was £40 (Howie). A real Louis Vuitton bag goes for no less than £1,900. Thus as Howie correctly points out, this particular customer was able to get something that resembled the real thing for a price "almost 50 times less than the price for a similar bag by the designer." It is also
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now