Superior Supply Chain Management Of Li And Fung Ltd

Superior supply chain management in Li and Fung Ltd Li and Fung Ltd are a global supply chain management business based in Hong Kong. They are the world’s leading consumer goods sourcing and logistics company. Li and Fung Ltd have 5 steps they follow to be successful leaders in their field. These steps are, ‘We collaborate’ with our customers to meet their individual needs. ‘We Innovate’ and develop products and customize services for our customers. ‘We source’ our great products from supplies all around the world. ‘We Oversee’ and our hands-on approach allows us to manage every aspect. ‘We deliver’ so our products get where they need to be when they need to be there. These key and well thought out steps have allowed Li and Fung Ltd to have substantial customer appreciation allowing them to be the leaders in their field. Li and Fung Ltd began operating in 1906 mainly trading in silk and porcelain however over the next 110 years it has grown to a multinational comp any with more than 25 000 staff operating in 40 countries worldwide 1) Discuss the relationship between the international supply chain as shown in figure 13.1 and Li and Fung’s seven principles of supply chain management. What are the key success factors within the international supply chain activities? The Li and Fung research centre has advocated the following seven core principles as being imperative for a successful global supply chain manager. 1. Customer-centric and market demand-driven focus 2. OutsourcingShow MoreRelatedValue Chain for Competitive Advantage6510 Words   |  27 PagesCorporate and operational managers strive to create more value by optimizing the supply-chain activities. Optimization of supply chain activities means competition from other firms, primarily on cost-efficiency. However, optimization of supply chain activities alone cannot always yield a source of competitive advantage. This is for the simple reason that value chain not only seeks to do away with the activities that do not add value, but establishes the importance of other support activities, includingRead MoreZara Business Case15365 Words   |  62 Pagesmore an article becomes subject to rapid changes of fashion, the greater the demand for cheap products of its kind. — Georg Simmel, â€Å"Fashion† (1904) Inditex (Industria de Diseà ±o Textil) of Spain, the owner of Zara and five other apparel retailing chains, continued a trajectory of rapid, profitable growth by posting n et income of â‚ ¬ 340 million on â‚ ¬ revenues of â‚ ¬ 3,250 million in its fiscal year 2001 (ending January 31, 2002). Inditex had had a heavily â‚ ¬ oversubscribed Initial Public Offering in MayRead MoreDefine the Manager Terrain28443 Words   |  114 PagesUniversity of Hong Kong 30 Good Shepherd Street Ho Man Tin, Kowloon Hong Kong Contents Overview Introduction The manager: Omnipotent or symbolic? The organization’s culture What is organizational culture? The relationship between culture and management practices Strong vs. weak cultures Summary 1 3 4 6 6 7 8 10 The environment Defining the environment The specific environment The general environment Summary 12 12 12 15 18 Managing in a global environment Managing in a foreign environment