Name: Course: Date: International Business Machines Corporation (IBM) –United States This is the third largest publicly traded technology American Multi-national Corporation, with it’s headquarter in New York, USA (Benjamin, 2010). The company is based in the IT industry, where it is involved in the manufacture and production of computer hardware and software, which it sells to its customers, who are both organizations and individuals…
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The company also offers consulting services for its customers, helping them understand the best applications for which the hardware and the software provision by the company can be put into by customer organizations. The company was established in 1911, through a merger of three technology companies, and adopted it’s current name in 1924. In the year 2011, the company was ranked as the 7th most profitable company in the US, being the 18th largest company of the US (Walters, 2011). On the global chart, the company is ranked the 31st largest company of the year 2011. Therefore, International Business Machine Company is a force to reckon with in the global arena that has curved a competitive edge in the technology industry, which many other companies have not been able. The history of IBM dates back in the 1880s, where the company manufactured a range of machinery such as weighing machines, meat slicers, time keepers, under the name of Computing Tabulating Recording Corporation (CTR), which later changed to the present day IBM (Buck, 2006). The company diversified its production activities to include computer components later, to extend the risks of business failure and low profitability associated with specializing in a single product line for a business. The organizational culture of the company was effectively established in 1914 by the president of the company, who required that the organization focus on the customer as the key to the success of the company. Employee motivation, participation in business decision-making and in running the affairs of the company dates back then. This culture of the company has been maintained to date. This culture was entrenched in the organization through hiring a disabled worker in 1914 and establishing employee education department in 1916 (Walters, 2011). These occurrences were meant to base the success of the company on the satisfaction and professionalism of the employee, who would then serve the company’s customer with diligence. Due to the high rate of growth that the company was experiencing, including geographical expansion to other countries in Europe, the name of the company was found to be too limiting (Benjamin, 2010). Consequently, the company sought to change its name, adopting its present name from the CTR’s Canadian publication in 1924, a name meant to reflect the company’s mission and aspirations (Doug, 2008). To reduce costs and improve shareholders value, IBM has adopted a supply chain that enables it to bring better and cheaper products in the market. Such areas covered by the supply chain include product development, procurement, supply chain planning and logistics (Buck, 2006). The company collaborates with trading partners to reduce the costs of operation and improve its revenue growth, through negotiating with its suppliers for cheaper supplies, which it procures in bulk. As an element of its supply chain management, the company has adopted business process outsourcing, allowing it to have its services run by other agencies such as PWC. This contributes to operational efficiency and financial gains for the company. The company does the
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(Operations Management Term Paper Example | Topics and Well Written Essays - 2500 Words)
“Operations Management Term Paper Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/business/1396720-operations-management.
Operation Management ranges from tactical to strategic and operational levels. Strategic issues are inclusive of the determination of location and size and plants for manufacturing, designing of supply chains, and agreeing on telecommunication network or service structure.
The use of these innovations has made mass collection, manufacturing, generation, production, dissemination and diffusion possible (Miozzo & Soete, pp.160) minimizing the overall costs as compared to the quality and productivity of the end product. However, the technological innovations have an equally negative impact as they create a complex system dependable on modern machineries, which are human made and can go at fault any time and can put million of dollars of information or production at stake.
Crude oil has to go through six phases and various stages before finally reaching the convenience stores to be used by the consumers. It takes almost 35 days for the product to reach retail markets and Marathon stores. Marathon’s crude oil supply comes from many other countries apart from United States.
The company has more than 8,500 stores in more than 15 nations and operates the stores under different names such as Walmex in Mexico, Asda in the UK, Seiyu in Japan and Best Price in India. According to the Forbes Magazine (2000), Wal-Mart is the eighteenth largest corporations in the entire world.
There is a key benefit of the revised approach, which is the avoidance of production of redundant stock. Master Tag has been supplying the labels to the seed companies, who in turn pass the labels to the plant growers together with the seed. However, the process is inconvenient, since there is no accurately telling what amount of labels will be sufficient for any particular period, owing to the fluctuations in the plant productions, caused by various factors (Foster, 697).
According to the report information technology involves the use and application of telecommunication and computer software and equipment to store, manage, transmit and manipulate information or data. In today’s world, IT has been become a key component of every aspect of human existence and their activities.
Due to recent health issues, the owner of ABC Manufacturers wishes to sell the business. The current owner has offered his services as a contract employee for one year after the purchase. An accounting analysis of ABC reveals that the asking price is at a 20% discount to the fair market value.
The author states that the most important aspect of this lighting manufacturing business is productivity. Productivity is the measure of how efficient production is done. It is therefore articulated as the ration of the production outputs to its inputs. In this regard, the business inputs will include the raw materials, energy resources, and labor.
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