Components Of The Value Chain

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The purpose of this paper is to do a value chain analysis of Costco, identify their resources and capabilities, to conduct a SWOT analysis to identify the opportunities in which they are lagging and to form a strategy to move forward using the recourses and capabilities in the direction of utilizing those opportunities.

Figure 3 describes the functional activities to be performed in a supermarket, such as Hy-Vee and figure 4 expands the functional activities into core processes.

The people of the world had a strong demand for up and coming products, so factories needed a new method for coming about creating products. “The Encarta graphic showing Henry Ford’s Assembly Line” (Document 4) shows that in one 8 hour work period, 1 man could put together a single car, whereas 5 men in an assembly line could put together 10 cars in an 8 hour work period. “The Encarta Graphic showing the factory” (Document 3) shows that the production of goods increasing due to the train outside used to transport mass quantities of goods, and the steam coming out of the top

The current workflow needs to address how to best organize the assembly line so that it is most efficient,

In the era of consumerism, abundance of essential products is critical to supply the high demands. This would have been very difficult without Henry Ford and his excellence in operating the assembly line. Assembly line is one of the most reliable and durable production techniques ever invented. In the 20th century, assembly line was amongst one of the most remarkable technological advancements. Nearly all the products that we use nowadays, we would not have it in the amount we need and at the prices we have it without the assembly line. The assembly line has played a major role in modifying the world and it is the main force behind every industry on earth. The use of assembly line in industries such as automotive, arms, and food has played a key role in supplying the world with essential products while minimizing the total cost. The operation of assembly line in various industries has assisted the world in providing crucial products that we need to make our lives easier.

In recent years, the requirements of commercial and industrial operations in the production of services and goods have been subject to vast changes. In the present era of globalization and increasing international competition, a trend away from vertically integrated organizations has become more and more evident. In fact, most companies nowadays tend to solely concentrate on their own core competencies, outsourcing different steps of the production. However, including a great many of other organizational units to the production systems, has lead to rising complexity in terms of the operations management (Plenert, 2012).

VA’s strengths and weaknesses are built based on the value chain assessment and SWOT analysis from the VA’s internal and external environment and the previous strategies. The environmental scanning was conducted and discussed relative to VA’s competition, as well as its strengths and weaknesses. In doing so, this analysis starts with the identified the strengths and weaknesses in the following graphs. VA strengths:

Modern day production is much more efficient and productive then it was 100 or so years ago, ever since factories started using the automated production line. The entire

The technology is progressing at a fast pace making more and more electronic components become obsolete. New and innovative electronic components are making their way to the market, making it difficult for people to find End of Line (EOL) electronic components. And it does not help that the market is full of all kinds of suppliers, including unethical ones that sell fake products to naïve buyers.

Costco is among the leading global retailers which provide customers a wide range of merchandise, ranging from small to well-known brands. The company began operations in 1983. Over the years, Costco has been a retailer in low cost membership-only leader, in warehouse club of merchandise. Moreover, Costco does not offer frills warehouse business models as its competitors do.  Costco’s major competitors are BJ’s Wholesale Club and Sam Club (Costco, 2010).

The 21st century has come with big changes to production processes within Global Value Chains (GVC) as different stages of production are being conducted in a variety of different countries. Businesses have been locating their operations internationally in the past few decades through outsourcing and offshoring value chain activities such as production, marketing, design and distribution. (Global Value Chains, 2015) The purpose of this report is to clearly define the concept of Global Value Chains. I will contextualise this information through two businesses of which I will provide examples of the GVC in action. For each of these businesses, I will discuss two different examples of the element ‘value’.

Since the current assembly line layout should achieving 100% line efficiency when running at maximum capacity of 215 units. Thus, to operate at target 300 units/day, the current assembly line needs to redesign.

This synthesised, scientifically managed workflow was meant to improve labour productivity and economic efficiency. And thirdly, rather than having machinery at the centre of the factory and workers moving to and from the product, assembly lines were used. This meant that the workers remained stationary and the product simply flowed past them (Murray, 1989). They were essentially treated as robots and dictated by machines; operating to the duplicated, repetitive tasks daily and not given the opportunity to express potential for advancement or improvement.

At the turn of the XIX and XX centuries production nature has changed significantly.First of all, sharply increased its scale and concentration. There were giant enterprises, which employed thousands, and sometimes tens of thousands of workers and engineers used expensive equipment, complicated processes based on the latest achievements of scientific thought.