Ethical Sourcing: Difference between revisions

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# Will the company manage transportation operations or [[w:Outsourcing|hire a 3rd party]] ?
# Will the company manage transportation operations or [[w:Outsourcing|hire a 3rd party]] ?


* '''[[w:Just in time (business)]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:inventory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia )
* '''[[w:Just in time (business)]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:invent ory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia )
 
*'''[[w:Fleet vehicles|Fleet vehicles]]''' are groups of [[w:motor vehicle|motor vehicle]]s owned or leased by a business or government agency, rather than by an individual or family. Typical examples are vehicles operated by [[w:Car rental|car rental companies]], [[W:Taxicab|taxicab companies]], [[w:Public utility|public utilities]], public bus companies, and police departments. In addition, many businesses purchase or lease fleet vehicles to deliver [[w:good (economics)|goods]] to customers, or for sales representatives to travel to clients. ( Wikipedia )

Revision as of 16:32, 2 September 2013

HRM

Human resource management (HRM, or simply HR) is the management of an organization's workforce, or human resources. It is responsible for the attraction, selection, training, assessment, and rewarding of employees, while also overseeing organizational leadership and culture and ensuring compliance with employment and labor laws.”


Week 35

  • w:Employer branding Employer brand denotes an organisation's reputation as an employer. The term was first used in the early 1990s, and has since become widely adopted by the global management community.Minchington (2005) defines employer brand as "the image of your organisation as a 'great place to work'". Employer branding is concerned with enhancing your company's employer brand. ( Wikipedia )
  • w:Recruitment, w:fi:Rekrytointi, refers to the process of attracting, screening, selecting, and onboarding a qualified person for a job. At the strategic level it may involve the development of an employer brand which includes an 'employee offering'. ( Wikipedia )
  • w:Training and development is the field which is concerned with organizational activity aimed at bettering the performance of individuals and groups in organizational settings. It has been known by several names, including human resource development, and learning and development. ( Wikipedia )
  • Remuneration is the compensation that one receives in exchange for the work or services performed. Typically, this consists of monetary rewards, also referred to as wage or salary. A number of complementary benefits, however, are increasingly popular remuneration mechanisms. ( Wikipedia )

SCM

Supply chain management (SCM) is the management of an interconnected or interlinked between network, channel and node businesses involved in the provision of product and service packages required by the end customers in a supply chain.”


Toimitusketjun hallinta (Supply Chain Management, SCM) tarkoittaa tavaroiden toimituksen ja palveluketjun optimointia. Kaikkien toimitusketjun osapuolien; toimittajien, jakelijoiden, alihankkijoiden ym. liikekumppaneiden yhdistämistä ja koko ketjun tehokasta hallinnointia. Tavoitteena on lisätä kaikkien jäsenten välistä kommunikointia ja siten alentaa kustannuksia, lisätä myyntiä ja tehostaa asiakaspalvelua. ”


Week 36

  • Ethics, also known as moral philosophy, is a branch of philosophy that involves systematizing, defending and recommending concepts of right and wrong conduct. ( Wikipedia )
  • Value chain is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. ( Wikipedia )

4 strategic decisions

  1. What w:modes of transport to use ?
  2. What carriers in each mode will the use ?
  3. Own w:fleet or hire outsiders ?
  4. Will the company manage transportation operations or hire a 3rd party ?
  • Fleet vehicles are groups of motor vehicles owned or leased by a business or government agency, rather than by an individual or family. Typical examples are vehicles operated by car rental companies, taxicab companies, public utilities, public bus companies, and police departments. In addition, many businesses purchase or lease fleet vehicles to deliver goods to customers, or for sales representatives to travel to clients. ( Wikipedia )