What are the Challenges Faced by Small & Medium Traders
in Existing Forward Trades and how Exchange traded forwards by NCDEX gives a perfect effective solution.
Exchange traded forwards for Large Processors & Corporate BuyersNCDEX Ltd.
Challenges Faced by Large Processors & Corporate Buyers
in Existing Forward Trades and how Exchange traded forwards by NCDEX gives a perfect effective solution.
This document discusses how cost can be a source of competitive advantage for businesses. It defines cost and explains that controlling costs such as material, labor, and overhead costs is important for businesses. There are two main types of competitive advantages - comparative advantage, which is having a lower cost structure than competitors, and differential advantage, which is offering products or services that customers see as superior. The document emphasizes that accurate costing allows managers to make good decisions, focus on cost reduction, and gain a competitive edge in the market.
The document discusses key concepts in purchasing management including the purchasing process, sourcing decisions, supplier selection, and purchasing organization structures. It describes the role of purchasing in ensuring supply of materials at lowest cost while improving quality. The purchasing process involves requisitions, requests for quotation, and purchase orders which can now be done electronically for improved efficiency. Sourcing decisions evaluate making vs. buying based on factors like cost, capacity, expertise. Selecting suppliers considers criteria like quality, cost, reliability. Global sourcing provides opportunities but also challenges in dealing with international issues.
Competitive strategies aim to attract customers, withstand competition, and strengthen market position. There are five main strategies: overall low-cost leadership, best cost provider, broad differentiation, focused low-cost, and focused differentiation. An overall low-cost strategy works best in commodity markets with price-sensitive customers, while differentiation strategies build customer loyalty through unique product features. Focused strategies target profitable niches not served by major competitors. The choice of strategy depends on industry and customer factors.
The document discusses inbound logistics, which refers to the process of procuring materials and bringing them into a company. It involves activities like sourcing suppliers, purchasing goods, transportation, receiving shipments, and inventory management. The document provides an example of how inbound logistics works for a fashion company procuring fabric and other supplies. It also outlines some common challenges in inbound logistics like shipping inefficiencies, lack of shipment visibility, demand fluctuations, and unreliable suppliers. The document concludes with recommendations for improving inbound logistics such as analyzing processes, developing strategies, strengthening supplier relationships, and implementing transportation and warehouse management systems.
the presentation is about the six sourcing strategy in supply chain
it has included all type of sourcing strategies that are used in supply chain.
for example, few supplier, many supplier, joint venture, vertical integration, virtual companies and kereitsu network
This document discusses fundamentals of international purchasing and procurement strategy. It defines international purchasing as commercial transactions between buyers and suppliers in different countries. The goals are to meet manufacturing needs, ensure reliable supply sources, and access optimal global sources regardless of location. Drivers of international purchasing include technological advances, declining communication/transportation costs, and economic transformation in emerging markets. Challenges include lack of cross-cultural skills, tariffs, long lead times, and legal/logistical issues. Success requires centralized decision making, decentralized operations, communication, information sharing, critical resources, and sourcing/contracting systems. Future trends include seeking globally capable suppliers and cost reduction through emerging low-cost markets.
Exchange traded forwards for Large Processors & Corporate BuyersNCDEX Ltd.
Challenges Faced by Large Processors & Corporate Buyers
in Existing Forward Trades and how Exchange traded forwards by NCDEX gives a perfect effective solution.
This document discusses how cost can be a source of competitive advantage for businesses. It defines cost and explains that controlling costs such as material, labor, and overhead costs is important for businesses. There are two main types of competitive advantages - comparative advantage, which is having a lower cost structure than competitors, and differential advantage, which is offering products or services that customers see as superior. The document emphasizes that accurate costing allows managers to make good decisions, focus on cost reduction, and gain a competitive edge in the market.
The document discusses key concepts in purchasing management including the purchasing process, sourcing decisions, supplier selection, and purchasing organization structures. It describes the role of purchasing in ensuring supply of materials at lowest cost while improving quality. The purchasing process involves requisitions, requests for quotation, and purchase orders which can now be done electronically for improved efficiency. Sourcing decisions evaluate making vs. buying based on factors like cost, capacity, expertise. Selecting suppliers considers criteria like quality, cost, reliability. Global sourcing provides opportunities but also challenges in dealing with international issues.
Competitive strategies aim to attract customers, withstand competition, and strengthen market position. There are five main strategies: overall low-cost leadership, best cost provider, broad differentiation, focused low-cost, and focused differentiation. An overall low-cost strategy works best in commodity markets with price-sensitive customers, while differentiation strategies build customer loyalty through unique product features. Focused strategies target profitable niches not served by major competitors. The choice of strategy depends on industry and customer factors.
The document discusses inbound logistics, which refers to the process of procuring materials and bringing them into a company. It involves activities like sourcing suppliers, purchasing goods, transportation, receiving shipments, and inventory management. The document provides an example of how inbound logistics works for a fashion company procuring fabric and other supplies. It also outlines some common challenges in inbound logistics like shipping inefficiencies, lack of shipment visibility, demand fluctuations, and unreliable suppliers. The document concludes with recommendations for improving inbound logistics such as analyzing processes, developing strategies, strengthening supplier relationships, and implementing transportation and warehouse management systems.
the presentation is about the six sourcing strategy in supply chain
it has included all type of sourcing strategies that are used in supply chain.
for example, few supplier, many supplier, joint venture, vertical integration, virtual companies and kereitsu network
This document discusses fundamentals of international purchasing and procurement strategy. It defines international purchasing as commercial transactions between buyers and suppliers in different countries. The goals are to meet manufacturing needs, ensure reliable supply sources, and access optimal global sources regardless of location. Drivers of international purchasing include technological advances, declining communication/transportation costs, and economic transformation in emerging markets. Challenges include lack of cross-cultural skills, tariffs, long lead times, and legal/logistical issues. Success requires centralized decision making, decentralized operations, communication, information sharing, critical resources, and sourcing/contracting systems. Future trends include seeking globally capable suppliers and cost reduction through emerging low-cost markets.
STRATEGIC IMPORTANCE OF SOURCING AND IT’S IMPACT ON SUPPLY CHAINKeshar Khadka
Strategic sourcing is a collaborative process that leverages spend across locations and suppliers to create value for the customer-supplier relationship based on long-term business goals. It focuses on total cost of ownership, not just price, and aims to standardize terms, share best practices, and control spend across an organization to improve quality while reducing costs. The strategic sourcing process involves analyzing spend, identifying requirements, assessing the market and suppliers, developing a sourcing strategy, awarding contracts, and implementing the strategy to track performance metrics and communicate value.
Introduction of International Procurement Officelujing32
The document discusses the role and responsibilities of International Procurement Officers (IPOs) at Ruukki, a European brand. The goals of IPOs are to enhance Ruukki's global sourcing knowledge and processes, improve supply chain efficiency, and propose competitive supplier alternatives. Key tasks for IPOs include local sourcing activities, market studies, supplier identification and qualification, participation in contract negotiations, and quality assurance support. A SWOT analysis for IPOs in China identifies opportunities to optimize supply bases and costs, as well as weaknesses in delivery times and supplier understanding of Ruukki's requirements. Next steps include identifying additional cost saving opportunities and increasing cooperation between IPOs, category managers, and Ruukki
Presentation1 new eddition_s_c_m_end_versionAhmed Fenir
This document summarizes key concepts in procurement and supply chain management. It discusses supply chain planning, classifications of procurement activities, the role of procurement in organizations, procurement procedures and objectives. It also outlines strategies for selecting suppliers, evaluating performance, and organizing procurement processes. The benefits and disadvantages of outsourcing are presented. Logistics information systems and strategies like inventory management, transportation and facility location are also summarized.
Purchasing involves acquiring goods and services to meet an organization's goals. The key objectives of purchasing are to maintain quality and value, minimize inventory costs, ensure a steady input flow, and strengthen competitiveness. The purchasing process may include specifying products, processing requisitions, soliciting bids, evaluating bids, awarding contracts, inspecting received goods, and storing and releasing goods.
Quintiles offers comprehensive commercial solutions across the entire commercial life cycle, including sales teams, market access solutions, product launch solutions, and multi-channel sales solutions. Their services can help companies convert fixed costs to variable costs, minimize long-term risk, increase efficiencies, and flexibly respond to changing market dynamics in order to improve success probabilities. Depending on needs, clients can choose customizable services and solutions to meet short and long-term goals.
Practically Applying Sourcing Grids for Risk Management Thomas Tanel
Purchasing and supply management have never been easy. The past several years have caused many executives and professionals to lose more sleep and gain more gray hair (or lose more hair) than usual; therefore, the next decade requires upgraded skill sets to survive.
Portfolio analysis is one of the most powerful techniques
used by the purchaser, despite its simplicity. It is a simple “grid” tool that charts the amount we spend on products or services and the complexity of its acquisition.
Portfolio analysis helps us define our sourcing strategy and the best sourcing techniques to use dependent upon the position on the sourcing grid. It also defines the relationships (supplier positioning) we need to have with our key suppliers and gives us an insight in how the key suppliers may see us in perception model. It allows you to organize your time and
resources for maximum benefit and it encourages strategic thinking and analysis to reduce cost, add value, and minimize risk.
The document discusses international procurement strategies and global sourcing strategies. It defines strategic purchasing as coordinating procurement requirements across business units to acquire goods and services in a way that supports business needs. A global sourcing strategy aims to reduce costs, access new technologies, establish alternative suppliers to reduce risk, and take advantage of superior quality from supplier investments. Developing an effective global sourcing strategy requires determining objectives, quality standards, quantities, suppliers, prices, and managing various risks and challenges of operating across different countries.
This document discusses how information systems can provide strategic advantages to organizations. It defines strategic information systems as those that support or shape a company's competitive position and strategies. Information systems can help organizations gain competitive advantages, reduce disadvantages, and meet other strategic goals. The document outlines different classification and roles of information systems, such as lowering costs, differentiation, innovation, promotion growth, developing alliances, and improving business processes, quality, and breaking down barriers.
Home Work Chapter 1 to 12: Book Reference: Simchi-Levi, D., Kaminsky, P., and...Shaheen Sardar
Home Work Chapter 1 to 12:
Book Reference: Simchi-Levi, D., Kaminsky, P., and Simchi-Levi, E., & (2008). Designing and managing the supply chain: Concepts, strategies, and cases (3rd edition). United-States: McGraw-Hill.
A chemical supplier should consider the following attributes:
1. Material sourcing is important, ensuring good visibility of trading exchanges to react to opportunities. Quality should not be compromised for lower costs.
2. Managing dynamic supply and demand requires attribute-based forecasting and understanding substitution rules for production planning.
3. Logistics involves coordinating bulk chemical transportation while following regulations for hazardous materials and maintaining transportation equipment. Supply chain management oversees the flow of goods from suppliers to customers.
This article discusses how purchasing managers can adopt a more strategic approach to managing suppliers and supplies. It outlines a four phase process for classifying suppliers based on profit impact and supply risk. This allows purchasing managers to differentiate between supplier types and tailor strategies. The four phases include classifying supplies, analyzing supply markets, strategically positioning supplies based on the classification, and developing action plans to strengthen organizational structures, systems, and staff to support the strategic supply management approach. Adopting this strategic perspective helps companies better guard against supply disruptions.
This document discusses supply market analysis and two frameworks - Kraljic's Supply Positioning Model and the Supplier Preferencing Model. Kraljic's model analyzes supply categories based on profit impact and supply risk to determine appropriate buyer strategies. The Supplier Preferencing Model analyzes suppliers based on the value of the buyer's account and the attractiveness of that account. These models help buyers analyze their supply base and determine appropriate relationships with different suppliers.
Chap 2 purchasing decisions and business strategyMichael Alonzo
This document discusses purchasing decisions and business strategy. It covers four areas of purchasing strategy: supplier development, supply management, scope of manufacturing activities, and buying criteria. It also discusses components of purchasing strategy, competitive strategy options of cost and differentiation, and how purchasing criteria and decisions differ based on those strategies. Environmental factors, supplier partnerships, buyer-seller relationships, supply chain relationship quality, and the strategic sourcing plan are also summarized.
The document discusses key concepts in supplier relations and supply chain management, including:
1) It is important to create cooperative relationships with suppliers through partnerships in order to improve quality, lower costs, and integrate systems.
2) Supply chain effectiveness depends on managing relationships with customers, the buying organization, and suppliers.
3) Customer satisfaction relies on supplier performance in quality, cost, delivery, and other factors.
4) The ideal relationship is one of complete satisfaction between the supplier and purchaser.
The document discusses various costs that should be considered when analyzing the total cost of ownership for a purchased item. It identifies categories of costs such as acquisition, maintenance, repairs, returns, customs duties, and transportation. It also discusses different types of pricing discounts commonly offered by suppliers, such as cash discounts, trade discounts, quantity discounts, and cumulative volume discounts. Finally, it notes that many aspects of a purchase agreement are subject to negotiation, including quality, price, payment terms, transportation, and supply arrangements.
Global sourcing entails identifying, evaluating, negotiating and configuring supply across multiple geographies to reduce costs, maximize performance and mitigate risks. It requires balancing factors like cost, performance, and risk, which are heightened when sourcing globally due to additional complexities. Supply managers must understand classifications like Harmonized System codes and International Commerce Terms that define responsibilities for cross-border shipping. Indian retail chains are now stepping up global sourcing from locations like China, Malaysia, and Europe to shore up margins and offer lower prices.
The document discusses international procurement. It begins by defining procurement as acquiring goods and services from external sources that meet buyer standards. International procurement allows firms globally to bid on contracts, benefitting from lower costs. The benefits include reduced prices from lower-wage countries, product specialization, and economic stimulation. However, risks include fraud, poor quality purchases, and difficulties managing distant suppliers. In conclusion, international procurement offers benefits but also risks, so buyers must prepare mentally and legally to pursue it strategically.
There are five generic competitive strategies for gaining competitive advantage: low cost provider, differentiation, focused low cost, focused differentiation, and stuck in the middle. A low cost strategy works best when price competition is strong, products are standardized, and buyers are sensitive to price. Differentiation strategies work when buyer needs are diverse. Focused strategies target a narrow niche. The strategy chosen must match a firm's resources and capabilities. Compromising leads to average performance.
The document discusses five generic competitive strategies that firms can pursue: low-cost provider, differentiation, best-cost provider, focus/niche, and stuck-in-the-middle. It outlines the objectives, keys to success, benefits, risks, and when each strategy works best. Firms must carefully analyze their resources and the market to choose the strategy that provides the best opportunity for a sustainable competitive advantage.
1. The document discusses Michael Porter's model of generic competitive strategies including cost leadership, differentiation, and focus strategies. It provides details on how firms can achieve a cost advantage or implement differentiation.
2. Industry scenarios are described as a way for firms to consider different potential futures and make strategic choices to account for uncertainties. Scenarios help firms think beyond existing assumptions.
3. The five generic competitive strategies - cost leadership, differentiation, best-cost provider, and focus/niche strategies - are outlined. Contexts where each strategy may be most effective are also discussed.
STRATEGIC IMPORTANCE OF SOURCING AND IT’S IMPACT ON SUPPLY CHAINKeshar Khadka
Strategic sourcing is a collaborative process that leverages spend across locations and suppliers to create value for the customer-supplier relationship based on long-term business goals. It focuses on total cost of ownership, not just price, and aims to standardize terms, share best practices, and control spend across an organization to improve quality while reducing costs. The strategic sourcing process involves analyzing spend, identifying requirements, assessing the market and suppliers, developing a sourcing strategy, awarding contracts, and implementing the strategy to track performance metrics and communicate value.
Introduction of International Procurement Officelujing32
The document discusses the role and responsibilities of International Procurement Officers (IPOs) at Ruukki, a European brand. The goals of IPOs are to enhance Ruukki's global sourcing knowledge and processes, improve supply chain efficiency, and propose competitive supplier alternatives. Key tasks for IPOs include local sourcing activities, market studies, supplier identification and qualification, participation in contract negotiations, and quality assurance support. A SWOT analysis for IPOs in China identifies opportunities to optimize supply bases and costs, as well as weaknesses in delivery times and supplier understanding of Ruukki's requirements. Next steps include identifying additional cost saving opportunities and increasing cooperation between IPOs, category managers, and Ruukki
Presentation1 new eddition_s_c_m_end_versionAhmed Fenir
This document summarizes key concepts in procurement and supply chain management. It discusses supply chain planning, classifications of procurement activities, the role of procurement in organizations, procurement procedures and objectives. It also outlines strategies for selecting suppliers, evaluating performance, and organizing procurement processes. The benefits and disadvantages of outsourcing are presented. Logistics information systems and strategies like inventory management, transportation and facility location are also summarized.
Purchasing involves acquiring goods and services to meet an organization's goals. The key objectives of purchasing are to maintain quality and value, minimize inventory costs, ensure a steady input flow, and strengthen competitiveness. The purchasing process may include specifying products, processing requisitions, soliciting bids, evaluating bids, awarding contracts, inspecting received goods, and storing and releasing goods.
Quintiles offers comprehensive commercial solutions across the entire commercial life cycle, including sales teams, market access solutions, product launch solutions, and multi-channel sales solutions. Their services can help companies convert fixed costs to variable costs, minimize long-term risk, increase efficiencies, and flexibly respond to changing market dynamics in order to improve success probabilities. Depending on needs, clients can choose customizable services and solutions to meet short and long-term goals.
Practically Applying Sourcing Grids for Risk Management Thomas Tanel
Purchasing and supply management have never been easy. The past several years have caused many executives and professionals to lose more sleep and gain more gray hair (or lose more hair) than usual; therefore, the next decade requires upgraded skill sets to survive.
Portfolio analysis is one of the most powerful techniques
used by the purchaser, despite its simplicity. It is a simple “grid” tool that charts the amount we spend on products or services and the complexity of its acquisition.
Portfolio analysis helps us define our sourcing strategy and the best sourcing techniques to use dependent upon the position on the sourcing grid. It also defines the relationships (supplier positioning) we need to have with our key suppliers and gives us an insight in how the key suppliers may see us in perception model. It allows you to organize your time and
resources for maximum benefit and it encourages strategic thinking and analysis to reduce cost, add value, and minimize risk.
The document discusses international procurement strategies and global sourcing strategies. It defines strategic purchasing as coordinating procurement requirements across business units to acquire goods and services in a way that supports business needs. A global sourcing strategy aims to reduce costs, access new technologies, establish alternative suppliers to reduce risk, and take advantage of superior quality from supplier investments. Developing an effective global sourcing strategy requires determining objectives, quality standards, quantities, suppliers, prices, and managing various risks and challenges of operating across different countries.
This document discusses how information systems can provide strategic advantages to organizations. It defines strategic information systems as those that support or shape a company's competitive position and strategies. Information systems can help organizations gain competitive advantages, reduce disadvantages, and meet other strategic goals. The document outlines different classification and roles of information systems, such as lowering costs, differentiation, innovation, promotion growth, developing alliances, and improving business processes, quality, and breaking down barriers.
Home Work Chapter 1 to 12: Book Reference: Simchi-Levi, D., Kaminsky, P., and...Shaheen Sardar
Home Work Chapter 1 to 12:
Book Reference: Simchi-Levi, D., Kaminsky, P., and Simchi-Levi, E., & (2008). Designing and managing the supply chain: Concepts, strategies, and cases (3rd edition). United-States: McGraw-Hill.
A chemical supplier should consider the following attributes:
1. Material sourcing is important, ensuring good visibility of trading exchanges to react to opportunities. Quality should not be compromised for lower costs.
2. Managing dynamic supply and demand requires attribute-based forecasting and understanding substitution rules for production planning.
3. Logistics involves coordinating bulk chemical transportation while following regulations for hazardous materials and maintaining transportation equipment. Supply chain management oversees the flow of goods from suppliers to customers.
This article discusses how purchasing managers can adopt a more strategic approach to managing suppliers and supplies. It outlines a four phase process for classifying suppliers based on profit impact and supply risk. This allows purchasing managers to differentiate between supplier types and tailor strategies. The four phases include classifying supplies, analyzing supply markets, strategically positioning supplies based on the classification, and developing action plans to strengthen organizational structures, systems, and staff to support the strategic supply management approach. Adopting this strategic perspective helps companies better guard against supply disruptions.
This document discusses supply market analysis and two frameworks - Kraljic's Supply Positioning Model and the Supplier Preferencing Model. Kraljic's model analyzes supply categories based on profit impact and supply risk to determine appropriate buyer strategies. The Supplier Preferencing Model analyzes suppliers based on the value of the buyer's account and the attractiveness of that account. These models help buyers analyze their supply base and determine appropriate relationships with different suppliers.
Chap 2 purchasing decisions and business strategyMichael Alonzo
This document discusses purchasing decisions and business strategy. It covers four areas of purchasing strategy: supplier development, supply management, scope of manufacturing activities, and buying criteria. It also discusses components of purchasing strategy, competitive strategy options of cost and differentiation, and how purchasing criteria and decisions differ based on those strategies. Environmental factors, supplier partnerships, buyer-seller relationships, supply chain relationship quality, and the strategic sourcing plan are also summarized.
The document discusses key concepts in supplier relations and supply chain management, including:
1) It is important to create cooperative relationships with suppliers through partnerships in order to improve quality, lower costs, and integrate systems.
2) Supply chain effectiveness depends on managing relationships with customers, the buying organization, and suppliers.
3) Customer satisfaction relies on supplier performance in quality, cost, delivery, and other factors.
4) The ideal relationship is one of complete satisfaction between the supplier and purchaser.
The document discusses various costs that should be considered when analyzing the total cost of ownership for a purchased item. It identifies categories of costs such as acquisition, maintenance, repairs, returns, customs duties, and transportation. It also discusses different types of pricing discounts commonly offered by suppliers, such as cash discounts, trade discounts, quantity discounts, and cumulative volume discounts. Finally, it notes that many aspects of a purchase agreement are subject to negotiation, including quality, price, payment terms, transportation, and supply arrangements.
Global sourcing entails identifying, evaluating, negotiating and configuring supply across multiple geographies to reduce costs, maximize performance and mitigate risks. It requires balancing factors like cost, performance, and risk, which are heightened when sourcing globally due to additional complexities. Supply managers must understand classifications like Harmonized System codes and International Commerce Terms that define responsibilities for cross-border shipping. Indian retail chains are now stepping up global sourcing from locations like China, Malaysia, and Europe to shore up margins and offer lower prices.
The document discusses international procurement. It begins by defining procurement as acquiring goods and services from external sources that meet buyer standards. International procurement allows firms globally to bid on contracts, benefitting from lower costs. The benefits include reduced prices from lower-wage countries, product specialization, and economic stimulation. However, risks include fraud, poor quality purchases, and difficulties managing distant suppliers. In conclusion, international procurement offers benefits but also risks, so buyers must prepare mentally and legally to pursue it strategically.
There are five generic competitive strategies for gaining competitive advantage: low cost provider, differentiation, focused low cost, focused differentiation, and stuck in the middle. A low cost strategy works best when price competition is strong, products are standardized, and buyers are sensitive to price. Differentiation strategies work when buyer needs are diverse. Focused strategies target a narrow niche. The strategy chosen must match a firm's resources and capabilities. Compromising leads to average performance.
The document discusses five generic competitive strategies that firms can pursue: low-cost provider, differentiation, best-cost provider, focus/niche, and stuck-in-the-middle. It outlines the objectives, keys to success, benefits, risks, and when each strategy works best. Firms must carefully analyze their resources and the market to choose the strategy that provides the best opportunity for a sustainable competitive advantage.
1. The document discusses Michael Porter's model of generic competitive strategies including cost leadership, differentiation, and focus strategies. It provides details on how firms can achieve a cost advantage or implement differentiation.
2. Industry scenarios are described as a way for firms to consider different potential futures and make strategic choices to account for uncertainties. Scenarios help firms think beyond existing assumptions.
3. The five generic competitive strategies - cost leadership, differentiation, best-cost provider, and focus/niche strategies - are outlined. Contexts where each strategy may be most effective are also discussed.
Strategic alliances and mergers & acquisitions are options to supplement a firm's competitive strategy. Alliances allow firms to share resources, risks, and control to access new markets and technologies faster. Mergers and acquisitions allow tighter integration but come with integration challenges. Vertical integration through backward or forward strategies can generate cost advantages but also increase risks. Outsourcing non-core activities can improve flexibility and innovation if not overused. Offensive strategies proactively build advantages while defensive strategies protect them from rivals' attacks.
The document discusses various marketing concepts including the definition of marketing, the difference between marketing and sales, the importance of marketing to customer retention, and marketing challenges such as not understanding customers well enough. It also briefly outlines several frameworks for analyzing markets including the 4Ps, 5Cs, Porter's generic strategies, SWOT analysis, Porter's five forces, and the social, technological, economic, and political factors affecting a market.
The document discusses various marketing concepts including the definition of marketing, the difference between marketing and sales, the importance of marketing to customer retention, and marketing challenges such as not understanding customers well enough. It also briefly outlines several frameworks for analyzing markets including the 4Ps, 5Cs, Porter's generic strategies, SWOT analysis, Porter's five forces, and the social, technological, economic, and political factors affecting a market.
The document discusses five generic competitive strategies: low-cost leadership, differentiation, best-cost provider, and focus strategies. It provides details on how each strategy works, keys to their success, and potential pitfalls. For example, it explains that low-cost leadership requires efficient operations to achieve an overall cost advantage over rivals, while differentiation relies on unique product attributes that are valued by customers.
The document discusses strategies for different types of companies based on their industry and market position. It describes strategies for industry leaders to sustain their position, strategies for runner-up companies to build market share or lower costs, and strategies for weak companies in declining industries to focus on growth segments or product differentiation. The key factors discussed are the life cycle stage of the industry, the competitive dynamics, and a company's capabilities and market position.
This document discusses five generic competitive strategies: low-cost provider, differentiation, best-cost provider, and focused strategies. It provides details on each strategy, including keys to success and potential pitfalls. For a low-cost strategy, a firm must make lowering costs a priority and find ways to achieve cost advantages that are difficult for rivals to copy. Differentiation requires incorporating unique features that cause buyers to prefer the firm's products over rivals. A best-cost strategy combines aspects of low-cost and differentiation to provide superior value. Focused strategies involve targeting a narrow niche market and developing capabilities to serve that niche's specific needs.
The document discusses various business-level strategies that a firm can pursue, including cost leadership, differentiation, and focus strategies. It provides discussion questions and explanations for each strategy. Specifically, it addresses how a cost leadership strategy is developed through tightly controlling costs, how differentiation is achieved by developing unique product features, and when a focused strategy targeting a niche market should be implemented. It also describes the risks and competitive advantages of each strategy in dealing with the five competitive forces. Finally, it discusses the integrated low-cost differentiation strategy and why it may be an increasingly important option.
This document provides an overview of Porter's five generic competitive strategies: low-cost provider, differentiation, best-cost provider, and focus/niche strategies. It includes definitions of each strategy, examples of companies that employ each strategy, and the characteristics that make a strategy suitable for a given competitive environment. The document also discusses the risks and pitfalls that companies should consider for each strategic approach.
This document discusses strategies for building sustainable competitive advantages for single-product businesses, including cost leadership, differentiation, speed, and market focus. It evaluates opportunities for these strategies based on skills, resources, and organizational requirements. Industries are discussed in terms of emerging, maturing, mature/declining, fragmented, and global settings. Grand strategies like diversification, integration, and joint ventures are presented as opportunities to build value. A strategic analysis and choice matrix models different strategies based on competitive position and market growth.
This document summarizes key aspects of analyzing a company's external environment, including the macroenvironment, industry environment, and competitive forces. It discusses Porter's five forces model and how to assess the competitive intensity and attractiveness of an industry based on factors like rivalry, threat of new entry and substitution, and bargaining powers of suppliers and buyers. Key drivers of change and their impact on competitive dynamics are also addressed.
Marketing Management - Porter's Five ForcesSarosh Gul
Porter's Five Forces model examines five key competitive forces that shape every industry: the threat of new entrants, the power of suppliers, the power of buyers, the threat of substitutes, and competitive rivalry among existing competitors. The model helps analyze an industry's structure to determine its attractiveness and develop appropriate business strategies. For example, strategies to reduce supplier bargaining power include vertical integration and diversifying suppliers. The model is useful for understanding an industry's dynamics as the five forces vary in intensity across industries.
1. Marketing channel strategy has become critically important for most businesses due to the growing power of retailers, need to reduce distribution costs, and increased role of technology.
2. Effective channel strategies are needed to deal with the power and changing behaviors of large retailers who operate on low margins and compete for market share.
3. Building long-term partnerships with channel members through cooperation, communication, and addressing their needs can provide competitive advantages over rivals with less developed distribution networks.
Michael Porter developed the Five Forces model for analyzing industry competition and profitability. The five competitive forces are: 1) rivalry among existing competitors, 2) threat of new entry, 3) threat of substitute products, 4) bargaining power of suppliers, and 5) bargaining power of buyers. The model helps evaluate an industry's attractiveness by examining the strength of each force and impact on profitability. Determinants that influence the competitive forces are also identified such as barriers to entry, supplier/buyer concentration, and product differentiation.
This document discusses various competitive strategies that firms can employ, including low-cost leadership, differentiation, focus/niche strategies, cooperative strategies, mergers and acquisitions, and vertical integration/outsourcing strategies. It provides details on how each strategy can provide competitive advantages and disadvantages, and when each strategy may be most effective.
The document summarizes chapter 5 of an organizational strategy textbook. It discusses the five generic competitive strategies businesses can pursue: low-cost provider, differentiation, focused low-cost, focused differentiation, and best-cost provider. It provides examples of companies like Walmart and Nucor that have successfully implemented a low-cost strategy. It also discusses how businesses can achieve differentiation through unique product features, services, or capabilities. The chapter examines the benefits, keys to success, and potential pitfalls of pursuing these competitive strategies.
This document discusses various competitive strategies that firms can employ, including low-cost leadership, differentiation, focus/niche strategies, cooperative strategies like strategic alliances, and vertical integration/outsourcing strategies. It provides details on how each strategy can provide competitive advantages and disadvantages, and when each strategy may be most effective.
Similar to Exchange traded forwards for Small & Medium traders (20)
India Maize Summit 2015 - Session 6 - Dr Naveen Kumar, Delst, on Maize Storag...NCDEX Ltd.
Dr. Naveen Kumar discusses the benefits of DMX-7, a grain protectant, for preserving corn quality during storage. DMX-7 uses a unique patented technology involving three generations of propionate to inhibit moisture migration and mold growth in corn over 8 months of storage in Thailand. Key benefits shown with real field data include no sweating on silo walls, no spontaneous heating, minimal insect infestation, much less shrinkage, and maintained high quality corn even at the bottom of the silo after 8 months.
India Maize Summit 2015 - Session 6 - Adani Presentation on MaizeNCDEX Ltd.
Indian maize production is around 24 MMT annually and is growing 3-4% each year. However, 20% of the crop is lost after harvest due to improper drying and storage methods. Most Indian farmers still use sun drying, which results in uneven drying and degradation of quality. Improper storage at high moistures also leads to mold, aflatoxins, and spoilage. To reduce these post-harvest losses, India needs to establish mechanized mandis with silos, set up high-capacity mechanical dryers at mandi levels, and adopt bulk handling and storage logistics. This would fetch better prices for farmers while also improving the storage life and nutrition of maize.
India is the sixth largest producer of maize in the world, contributing 2% of global production. Maize is the third most important crop in India after rice and wheat. Maize production is projected to increase significantly by 2030 to meet growing demand from industries like poultry and food processing. However, maize productivity in India is relatively low due to issues like drought, pest attacks, and inefficient fertilizer use. Improving soil testing, balanced fertilizer application, and adoption of new technologies can help boost maize yields and meet future demand.
India Maize Summit 2015 - Session 5 - Mr. Nalin Rawal, Skymet Weather Servic...NCDEX Ltd.
This document summarizes a presentation on improving maize quality and production through the use of technology and weather data. It discusses the challenges of maize production, marketing, and procurement related to weather risks and lack of information. It then presents solutions offered by Skymet Weather Services including long-term, medium-term, and short-term weather forecasting using over 2,700 automated weather stations. Skymet also provides crop acreage monitoring using GIS and drones, real-time crop advisories, pest forecasting, and customized crop insurance products to hedge weather risks for farmers and companies. The presentation aims to demonstrate how Skymet's services can provide accurate agricultural information and help address challenges across the maize value chain.
India is the sixth largest producer of maize in the world, contributing 2% of global production. Maize is the third most important crop in India after rice and wheat. Maize production is projected to need to increase from the current 16.72 million tons to 45 million tons by 2030 to meet growing demand. Low maize productivity in India is constrained by climatic conditions, imbalance or inefficient use of nutrients, and limited adoption of improved technologies. There is a need for soil test-based fertilizer recommendations, balanced fertilizer application, and use of management practices like irrigation, pest control, and decision support systems to improve maize production in India.
1) The document summarizes key topics from the India Maize Summit held in Delhi on April 9-10, 2015 including production practices, challenges faced by farmers, and areas for government and industry intervention.
2) It highlights Bihar as an important producer of rabi maize with declining trends in recent years but tremendous potential to increase yields without increasing acreage.
3) Common challenges discussed include labor shortages, high costs, lack of irrigation, and issues with manual harvesting, storage, and marketing of maize. Areas identified for intervention include seed quality, mechanization, micro-nutrient management, and post-harvest support.
This document summarizes corn production highlights from various Indian states presented at the India Maize Summit 2015.
Key highlights include:
- Telangana and Andhra Pradesh saw increases in corn area, production, and yield from 2012-2013 to 2013-2014. Coastal Andhra is distinguished as the highest daily corn productivity. Farmers incur costs from weeding and early shoot borers with mixed returns from rainfed vs irrigated crops.
- Bihar saw decreases in production and yield from 2012-2013 to 2013-2014, partly due to conversions of land to wheat. Rabi corn yields over 4000 kg/ha while kharif corn yields around 2000 kg/ha.
- Maharashtra
India Maize Summit 2015 - Session 2 - Dr subbaiah, Govt of karnataka, on Init...NCDEX Ltd.
- India is the 6th largest producer and 5th largest consumer of maize in the world. Karnataka ranks first in India in area under maize cultivation.
- Karnataka produces around 3.43 million tonnes of maize annually, second only to Andhra Pradesh. Maize production in these two states accounts for 38% of India's total production.
- Strategies to increase maize production in Karnataka include the use of high-yielding disease resistant varieties, integrated nutrient management, irrigation during critical growth stages, and promoting contract farming.
India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...NCDEX Ltd.
This document summarizes key information from a presentation on the Indian maize industry and outlook. It discusses:
1) Maize is the 3rd most important cereal crop in India and acreage and production have consistently increased, with productivity also gradually rising.
2) Demand for maize is expected to increase significantly by 2050 due to population growth, rising meat and dairy consumption, and biofuel usage. This will likely result in a large import requirement for developing countries.
3) Key challenges to meeting this rising demand include low average yields in India compared to other countries, as well as issues around post-harvest management, increasing hybridization rates, and addressing labor shortages.
4) Potential
India Maize Summit 2015 - Session 1: P K Joshi, International Food Policy Re...NCDEX Ltd.
Global status of maize production
Status of global maize trade
Dynamics of maize production in India
Favorable environment for maize
Challenges to the maize sector
Solutions to address the challenges
India Maize Summit 2015 - Session1: Kevin Roepke, USGCNCDEX Ltd.
The document discusses global population and food demand growth between 1980 and 2014. It shows that populations and production of major crops like wheat, rice, and corn have significantly increased over this period. Corn production specifically has grown 114% from 595 million metric tons (mmt) to 1,275 mmt. The document also discusses increasing feed production in Southeast Asia and trends in Indian corn production and yields compared to the United States. It emphasizes that trade is needed to address global areas of food surplus and deficit.
India Maize Summit'15 - Session 1: Amit Saroagi, Chairman – CLFMA of India & ...NCDEX Ltd.
Importance of any crop can be judged by its area, production utilization and share in trade. The same criteria or standards can be applied to maize to judge its importance as cereal crop.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
2. Challenges Faced by Small & Medium Traders
in Existing Forward Trades
2
Suboptimal
use of
resources,
thin
margins
Counter party
risk
Limited
market size
Quality
inconsistency
Insufficient
storage
facilities and
delivery
hassles
3. Counter-party default risks
Loss of business opportunities - Increased operational costs
3
Effective
Solution
Trading with
known entities
Limited business
opportunities & growth
Access to
regulated trading platform,
Compensation in case of default
4. Limited market
Restricted business opportunities
4
Access to pan-India buyers and
opportunity to diversify
business in various commodities
Additional
investment on
marketing
infrastructure
Increased
marketing and
operational
costs
Effective
Solution
Taking help of
intermediaries
5. Quality inconsistency
Sub-optimal prices
5
Option of quality assaying,
ease in reaching out to
desired trader and fair price
Limited reach
Trading with
known entities or
seeking buyers
willing to pay
premium
Increased
operational
hassles and
costs
Enhance
efforts for
quality
certification
Effective
Solution
6. Quality inconsistency
Sub-optimal prices
6
Pledge finance,
seamless
integration with
institutional
financing
Flexibility
in delivery,
multiple
options of
delivery
Access to
scientific
storage
services
Effective
Solution
Utilizing
services of
intermediaries
Increased
operational
hassles and cost
?
7. Exchange Traded Forwards –
ONE STOP SOLUTION to accelerate efficiency and growth
7
Trading on
regulated
platform
Compensation
guarantee to
the extent of
margin
collected
Online
Trading –
Access to
pan-India
market
Option of
Assaying –
Assured
quality
Time-bound
delivery-
settlement
schedule
Multiple
delivery
modes,
flexibility in
delivery
Takes care
of operational
difficulty
Takes care
of timely
settlement/
payment
Takes care
of Fair Price
For higher quality
Takes care
of access to
Wider market
Takes care
of default
compensation
Takes care
of counterparty
risk
8. Thank You
For information on Exchange Traded Forwards Contact at
Toll free no.: 1800 210 2339
E-mail: askus@ncdex.com
website: www.ncdex.com