Gems Case

3 Improved lead time: The business process will be able to able to respond quickly with fewer delays. It also ensures timely availability of the product in the market.

The large initial capital investment needed for new entrants is another major barrier. The cost of machinery and manufacturing is expensive. It is hugely important and costly to have a global presence in manufacturing as it is extremely expensive to ship machinery to clients around the globe.

Some costs are expensive: freight cost from China, inventory (lead-time increase because of shipping), and quality control (testing shipped products from China in the US require some cost; time and money)

Attracts customers with other preferences and may compete broadly in the industry by branching out in new locations

units both in the U.S. and abroad, broadening the scope of merchandise offered for sale, and

High cost of entering new markets International growth is expensive. Entering new markets with a new brand

Threats - heavy competition in the industry, foreign manufacturers dumping products in the U.S., environmental compliance costs

Threats: big competitors; loosing money in the process of implementation international strategy; lack of promotion; etc.

To realize this goal, a number of challenges—cost and availability to patients—must be addressed. However, partial solutions are currently available to conquer some of them. In addition, in order to clear the way for widespread adoption of personalized medicine, joint efforts from people in different roles and with different skills will be required. Education, basic research, software development, policy construction, and law making will be needed to remove the security concerns related to sensitive genetic information and their applications in clinical care. In conclusion, personalized medicine is a more advanced means to treat patients with illnesses. With the advancement of diseases and cancers, the “cookie-cutter” approach to medicine is no longer effective. Personalized medicine gives patients the treatment they deserve, a unique and customized approach that effectively cures their disease and possibly prevents new ones from

Various important approaches like engineering driven approaches and selection of supplier processes lead to the number of suppliers at premium prices. It reduces cost of

1. Faster delivery times due to decrease in lead time causing an increase in reliability

Which improve overall shopping experience with the same brand and it can strengthen a relationship with customers. This is also an important part of it’s competitive strategy and fulfilling customers’ need. Thus, it’s

If suppliers are limited, they have a greater opportunity to charge higher prices for raw materials, and they may also pose a threat of forward integration to the industry.  Similarly, if an industry has few buyers, or buyers can cheaply and easily change suppliers, they can make demands for less expensive higher quality products, causing impact to profit (Porter, 2008, p. 83).

The Competition: Suppliers need to be able to keep costs down, in order to keep

However, these suppliers currently do not operate internationally thus posing a supply-chain problem for possible expansion into international areas.