supply and demand project ideas

It is the foundation for much of what is studied in the field, and understanding how supply and demand affect the economy can help us to recognize economics everywhere in our daily lives. Enabler: Flash Global Logistics, Inc. (Pine Brook, NJ, flashlogistics.com/brazil) Customer: Juniper Networks, Inc. (Computer Networking Equipment) The Project: Improve speed of fulfillment to Brazil and increase customer satisfaction. Enabler: Axway (Phoenix, AZ, www.axway.com) Customer: Con-way (freight and logistics) The Project: Implement a B2B infrastructure that integrates Con-way with its customer and partner community and creates automated transaction intelligence. Solutions/Services: DemandCaster Demand Planning, Forecasting, and Inventory Optimization SaaS. Supply and demand is one of the foundational economic concepts learned in secondary education that informs larger concepts learned in high school and college. Automate processing of the Department of Defense's transportation payments. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. Solutions: John Galt Solutions' Atlas Planning Suite Business Impact: Initial forecast error reduced from 50% to 20%; out-of-stocks reduced; fill rate in one store went from 65% to 100%; and a $7 million gain in sales. It postulates that, holding all else equal, in a competitive market, the unit price for the good. It automated purchase orders, invoices, accounts payables, settlements, early payments, customs and vendor compliance. Latest MBA Project Topics for Final Year MBA, BBA Student for Welingkar, SMU, IGNOU. For ease and effectiveness, you can write these scenarios in the form of 'what if' questions. Decreased obsolete and aged inventory from 18% down to 2% of total inventory. Integrate and streamline the supply chain from vendor risk assessment to PO creation, screening and filing of the ISF.Solutions/Services: Integration Point Supply Chain Compliance, Denied Party Screening, Importer Security Filing, Global Classification.Business Impact: Streamlined supply chain and importing processes. All other trademarks and copyrights are the property of their respective owners. Sign up to receive the new weekly newsletter * Leave this field blank . How consumers can reconcile the balance between the need of buying a product or a service against its cost. The visibility A&F has gained lets it manage its expanding international footprint without expanding its staff.Enabler: Oildex, a service of Transzap, Inc. (Denver, transzap.com/oildex.com)Customer: Williams Companies (Energy)The Project: Early payment discount capture. Supply and Demand Lesson Plans & Activities. The "New Normal" economy of the post-Great Recession era has forced companies to operate leaner and meaner than in the past. Business Impact: We have achieved $3.5 million in actual savings and another $6.5 million in cost savings pipeline or backlog. 's' : ''}}. Retail Ecommerce Ventures Acquires RadioShack Brands. Client and project type listed in parenthesis. Next Level Purchasing, Inc., & the Next Level Purchasing Association Next Level Purchasing (Moon Township, PA, nextlevelpurchasing.com) has long offered online courses teaching purchasing and supply management strategies, as well as the Senior Professional in Supply Management (SPSM) certifications. The Houston and California locations went live in April 2010. Reduced spoiled product or product facing expiration to its goal of .25% of gross sales. Overall, it was the single biggest cost-cutting initiative in company history.Enabler: Global Healthcare Exchange, LLC (GHX, Louisville, CO, ghx.com)Customer: The New York City Health and Hospitals Corporation (Healthcare)The Project: Complete supply chain transformation. This is to see how fast one variable response to a change in another variable. Sellers can make the most of the upcoming holiday season by adapting and preparing -- fast. Also, make the process of generating purchase orders less cumbersome.Description of Project: The project started in March 2009. The refined RetailConnect solution is now live for this internationally recognized apparel brand, supporting store fulfillment of eCommerce orders in local regions and BOPIS functionality. This year the magazine focused the criteria for its "100" feature on supply chain transformation projects that demonstrate the broad spectrum of opportunities for enabling excellence in the supply chain. Make up four clearly stated headlines describing events which would result in a shift in demand using the four factors listed below. Business Impact: MSC increased profits and delivered on its customer promise. The balancing of supply and demand; Elasticity. Working in pairs, students will research various different industries and businesses and come to a conclusion as to which one they would like to invest in. Manage the order flow from import to warehouse to retailers and enable drop ship fulfillment through extended visibility of multiple warehouse inventories.Solutions/Services: UpNet’s iEDeX data integration and translation platform with Distributed Order Management and Inventory Management applications enabled.Business Impact: Expand customer base and provide greater visibility to the retailer. Materials: access to a library and/or computers for research; markers, stapler, scissors, glue, colored paper. Claims and bin denials are better than forecast, and productivities are exceeding targets.Enabler: Celsis International Ltd. (Chicago, celsis.com)Customer: Kao Worldwide (Personal Care)The Project: Quality control project. Solutions/Services: Logility Voyager Solutions Business Impact: Increased customer service from 95.5% to 98.8%. Groups should take no more than 3 minutes to explain their company, their belief of what the demand for their product will be, their plans for supply, and possible shifts in the market or other factors that could affect both demand and supply. Sales team spends less time forecasting and more time strategically selling.Enabler: Smart Software, Inc. (Belmont, MA, smartcorp.com)Customer: Prestolite Electric (Automotive/Heavy Equipment)The Project: Forecasting/S&OP. Business Impact: By using outside factories in existing low-cost locations, Riverwood demonstrated capital savings of $160 million compared to baseline option of new internal factory, while still achieving product cost target. Register today for one, two or all track sessions covering Transportation, Cannabis, Supply Chain Visibility, Warehousing and Procurement. The 280,000-square-foot facility is located within a quarter mile of WDS's existing Savannah warehouse, and offers services ranging from retail fulfillment and distribution and customized pick, pack and ship, to cross-docking, transloading and more. This end-to-end vaccine management solution helps support the federal government’s mandate for states to distribute a Coronavirus vaccine. Geek+ Breaks Singles’ Day Record with 13.19 Million Orders Delivered in 36 hours. Decreased obsolete and aged inventory from 18% down to 2% of total inventory. View all; Newsletter sign-up form. Solution: Management Dynamics’ Supply Chain Visibility solution.Business Impact: The solution has allowed Abercrombie & Fitch to receive notice of inbound shipments approximately 10 days sooner than previously. Amazon offers customers a variety of ‘spoiler free’ ways to track, pick up, and have packages delivered in and out of the home. Solutions/Services: Epicor ERP. Solutions/Services: Demand Solutions Advanced Planning and Scheduling Business Impact: By standardizing its process, Certified Transmission was able to initially improve stocking levels by 30% and improve productivity. Reduce costs, strengthen controls and increase efficiencies in MRO spend.Solutions/Services: Data cleansing initiative, with propriety matching technologies in conjunction with a low-cost country data-specialty firm. courses that prepare you to earn Reduced risks within the supply chain, eliminating chances of working with denied parties, ensuring timely, accurate filing of the Importer Security Filing, and decreased the amount of time it takes for their goods to clear Customs.Enabler: John Galt Solutions, Inc. (Chicago, johngalt.com)Customer: Leading Consumer Goods CompanyThe Project: Improve forecast accuracy by facilitating collaboration between analysts, sales teams and retail partners.Solutions: John Galt Solutions’ Atlas Planning SuiteBusiness Impact: Initial forecast error reduced from 50% to 20%; out-of-stocks reduced; fill rate in one store went from 65% to 100%; and a $7 million gain in sales.Enabler: Logility (Atlanta, logility.com)Customer: American Italian Pasta Company (CPG/Food)The Project: Supply chain planning and visibility. Solutions/Services: Fulfillment Center process redesign by Fortna Inc. that fundamentally changed the way MSC operated its facilities, implemented new warehouse control software – FortnaWCS™ in all locations that was seamlessly integrated with MSC's warehouse management and order systems and its materials handling equipment. Manage the order flow from import to warehouse to retailers and enable drop ship fulfillment through extended visibility of multiple warehouse inventories. EZ Employee Separation Barriers are durable free-standing workstation partitions. Formalize and automate returns processing and warranty dispositioning to maximize warranty credit and compliance at branch and technician level. Improve overall operations and supply chain, gain transparency, reduce cost. Group members working on the same time frame will complete a graph together. While a seemingly simple concept, many students struggle with it as they come to understand the fluidity of supply and demand. © 2020 AC Business Media, LLC. Solutions/Services: GHX Business Solutions, GHX exchange services and GHX Procurement Suite Business Impact: HHC cut costs and improved operational performance, achieving a $14 million annual savings goal. Sales team spends less time forecasting and more time strategically selling. Category: Economics; Topic: Supply and Demand; Pages: 2; Words: 910; Published: 08 October 2018; Downloads: 41; Download Print. The findings indicate that new patterns of behavior from holiday shoppers will severely strain distribution center operations and their ability to meet expectations for accurate and on-time fulfillment. HHC has reduced its off-contract spend and ensured that it is procuring items at negotiated prices. The logistics functions ensure that the right products are available for the right customers in the right conditions and right quantity at the right time and at the right cost. Tacton, Intershop Partner to Deliver Complete Self-Service E-Commerce Experience for Highly Configurable Products. Developed a ONE PLAN culture, a collaborative environment with trust in the statistical forecast and the S&OP process.Enabler: Management Dynamics, Inc. (East Rutherford, NJ, managementdynamics.com)Customer: Abercrombie & Fitch (Apparel)The Project: Visibility into global shipments. Other achievements include: – John P. Willi Director, Materials Management, Dana-Farber Cancer Institute, Inc. Enabler: Apptricity Corporation (Irving, TX, apptricity.com)Customer: Department of Defense (Defense)The Project: TMS. In this project, students, either individually or in small groups, will research the concept and use throughout history of the term 'supply and demand', as well as the evolution of the concept. Use those stories and proof of value as collateral, and as part of your pitch for a specific action you want. Enabler: John Galt Solutions, Inc. (Chicago, johngalt.com) Customer: Leading Consumer Goods Company The Project: Improve forecast accuracy by facilitating collaboration between analysts, sales teams and retail partners. The company has seen a 5% increase in each builder's efficiency just from the scheduling being automated with APS, and the new software has given them visibility into every planned order they need. Consolidate three N. American warehouses into one showcase facility located near the UPS Central hub in Louisville, KY. With goals of improved customer focus, reduced cost of ownership, increased dealer loyalty, through a long-term agreement with a world-class partner.Solutions/Services: Operations/planning, packaging/branding, program management, transportation management, IT infrastructure.Business Impact: Start-up completed ahead of schedule and under budget. Materials: computer access for research and to make PowerPoint; paper. Visit the Business Lesson Plans page to learn more. We created an organization that focuses on delivering strategic results and proactively seeks out cost savings and operational efficiency opportunities. Enabler: Basware (Helsinki, basware.com) Customer: Global leader, power industry The Project: Invoice automation. Through invoice automation, this company has been able to implement group-wide A/P best practices. Did you know… We have over 220 college Access to this data allows them to conduct improved workload modeling for better resource capacity planning, and the refinement of labor standards. Get access risk-free for 30 days, Solutions/Services: Spend analysis and opportunity assessment services. Use these projects, which are ideally done in collaborative groups, to expand your 8th grade students' understanding of a foundational economic concept. Secondary goal: Reduce inventory levels. Pssst… we can write an original essay just for you. Reduced risks within the supply chain, eliminating chances of working with denied parties, ensuring timely, accurate filing of the Importer Security Filing, and decreased the amount of time it takes for their goods to clear Customs. Enabler: Global4PL Supply Chain (Sunnyvale, CA, infinera.com) Customer: Fortune 500 manufacturer in the telecommunications sector The Project: Integrate in one system import control, export control, supply chain visibility, document control, freight audit and payment, HTS Database. Use these projects, which are ideally done in collaborative groups, to … In your group (maximum of four members), complete the following: Choose a product of your own design or one with which you are familiar, which would be affected by the dynamics of a market economy. The company deployed Axway Interchange and Axway Sentinel as a data-exchange system using a broad range of protocols and custom web services to deliver fast (less than two seconds) data search-and retrieval process, and visibility and alerting capabilities. Note that this project should take 2-3 class periods to complete, but part of an additional class period will be needed for group discussion. Enabler: UpNet Technologies (Minneapolis, upnettec.com) Customer: Household goods importer The Project: PO automation and inventory management. Improve overall operations and supply chain, gain transparency, reduce cost.Solutions/Services: FLASHTRAC, custom inventory management and order tool, NF-e compliant with fiscal system link to Siscomex, plus Network Modeling Solutions, Command Center Solutions, Transportation and Global Trade Management Solutions.Business Impact: Juniper experienced a 40% reduction in lead times, customer satisfaction rating improved, percentage of commercial invoice value paid to duties and taxes was reduced. Demand is how much of a product buyers will want, and Supply is how much sellers are willing to produce. credit-by-exam regardless of age or education level. Business Impact: The solution has allowed Abercrombie & Fitch to receive notice of inbound shipments approximately 10 days sooner than previously. Business Impact: Bills paid on time, and estimated savings of $1.7 million a year in early payment discounts. We’ll even meet a 3-hour deadline. This provides managers greater visibility and manageability to activities within the warehouse.Enabler: Inmar, Inc. (Winston-Salem, NC, inmar.com)Customer: ADT Security Services, Inc. (Electronic security systems and services)The Project: Returns processing and warranty dispositioning program. Branch compliance (timeliness of shipment to Inmar) increased to 96.5%. Students work on various mini project ideas topics to improve their skills, whereas hobbyists like the fun in meddling with technology. Enabler: Source One Management Services, LLC (Willow Grove, PA, sourceoneinc.com) Customer: Multi-billion dollar global mining & minerals processing company The Project: MRO sourcing/spend reduction. Prior to the implementation of the JDA Demand and Fulfillment products, Goya utilized a legacy system eight-week moving average as their method of forecasting demand. Manual entry errors greatly reduced while improving order fulfillment rates. Services. Through invoice automation, this company has been able to implement group-wide A/P best practices. Move from flat-file database, improve accuracy and provide suppliers and planners a way to interact directly with planning data.Solutions/Services: Avercast Business Forecasting, Supply Planning, Sales Forecasting & Supplier Connection.Business Impact: Today Markwins’ key suppliers can view the company forecast while customers are entering their own projections for Markwins’ products. Enabler: Global Healthcare Exchange, LLC (GHX, Louisville, CO, ghx.com) Customer: The New York City Health and Hospitals Corporation (Healthcare) The Project: Complete supply chain transformation. The film “A Portrait of a Supply Chain” highlights the importance of creating digital supply chains, enabling greater transparency for raw materials, products and the people along the journey. For this project, students will take on the role of investors who are looking to get into a new product or service. Standardize accounts payable best practices across this global leader's operations worldwide, gain visibility and automate inefficient manual processing of millions of invoices annually. Productivity improved by over 60%, and MSC was able to take on more business – and keep its next-day deliver guarantee to customers. Purchase Order Process Improvement from 20 minutes to 1-3 minutes. Anyone can earn Then, have them justify their business plan by explaining the demand for such a product along with their plans for supply. Enabler: Epicor Software Corporation (Irvine, CA, epicor.com) Customer: Kwalyti Tool (Industrial Machinery) The Project: ERP upgrade and implementation.

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