Essay on American Capitalism - 2283 Words

Although it holds true that the United States is a global power, the current economic system, capitalism, threatens the states domestic and global stability; the concept of materialistic success creates inequalities between citizens, which, in turn, leads to deviance and rebellion, and the possibility of a fallen capitalistic society. If the United States were to struggle internally, one of two things would happen: all industrialized external forces would exploit on Americas lack of equanimity, or said forces would contribute to an international depression as a result of a chain reaction set by the collapse of an important economic state. The inequalities that lay between social classes are a product of capitalism, the idea of a†¦show more content†¦In contrast, only 8.6 percent of whites/non-Hispanics fell between the lines of poverty (U.S. Census Bureau). Wealth is so scarce and it hardly gets distributed. Some might argue that inequalities are trivial to democracy, that i n any case, people will always remain unequal either by status or pay. The American motto is that if a man works hard, he will receive the most opportunities and will be reimbursed. Since it is a profit-based economy, only those with talent who can assist the CEOs in making profit will reach status in the top twenty percent. However, claiming that the majority of the population, a good eighty percent, is untalented is obscure. A smaller percentage might have been more reasonable to account for. Though it holds true that in any system inequalities preside, the wide gap between the social stratifications in America demonstrates the extremes. This theory of hard workers to the top does not regard those who have inherited their power and wealth; the fact that neither power nor wealth are extended to all citizens, at least a fair majority, shifts the government away from democracy as well. Democracy by definition is ...the ideal alternative to a bureaucratic, authoritarian state...Democr acy is a form of government...[that] rests directly or indirectly on the freely given consent of the majority of the adults governed (The Encyclopedia Americana). In other words, power is centralizedShow MoreRelatedCritique Of American Capitalism And Capitalism2411 Words   |  10 PagesCapitalism is not a rigid, inflexible economic and political system—there are many forms of capitalism around the world. It is illustrated as being different variations of capitalism outside the United States; there is the Dutch version, the French version, the British version, as well as the American version. American capitalism implements free-market ideology and that makes the U.S. stand out among other nations. Other nations do not dwell on privatization and deregulation nearly as much as theRead MoreThe Corporate American Model Of Capitalism1316 Words   |  6 PagesCapitalism is good. In reading the articles, it seems scholars are either pro or anti-capitalism. The corporate American m odel of capitalism is built upon free enterprise and encourages competition. It’s also called the Liberal/Social Democratic model. Our economy, supposedly, encourages and rewards competition and equality. Yet the lack of competition and equality in our economy are issues scholars take aim at the most. George (2013) wrote in his editorial, â€Å"In the United States, income inequalityRead MoreBenefits And Drawbacks Of American Capitalism996 Words   |  4 Pagesand drawbacks to American Capitalism. Capitalism is the idea of a free market based economy wherein that economy is organized by individual people and companies rather than the government. This type of economy, in essence, promotes cheaper goods bought and sold, less waste, economic growth, innovation, and overall fairness. However, the American dream is not all it takes in order to pave a path to economic success in our society. In fact, some would argue that American capitalism is the very foundationRead MoreAmerican Capitalism And The Economic System1324 Words   |  6 Pages Wealthy disparity in America is greater than it has ever been, yet nothing seems to be done by the government to fix it. Bridging the wealth gap in America would require government regulation from government, but the American government is controlled by the wealthy. Rich business owners give large sums of money towards political campaigns, thus gaining them political favor. Along with a corrupted government, large corporations have taken up almost all market share in their respective industriesRead MoreEssay about American Capitalism3831 Words   |  16 PagesAmerican Capitalism Capitalism - An economic and political system in which a countrys trade and industry are controlled by private owners for profit, rather than by the state. America was an ideal breeding ground for capitalism, a relatively new country, in need of young entrepreneurs to kick start its already buoyant economy. The country was an ideal place to get rich quick, an idea that inspired the immigrants that poured into it each year. In America itRead MoreAmericans love freedom we love money we love capitalism. Capitalism is most definitely an1200 Words   |  5 PagesAmericans love freedom; we love money; we love capitalism. Capitalism is most definitely an element of dominant culture amongst the citizens of the United States. In American culture it is easy to see that many of our institutions, including public schools, indoctrinate the children whom they serve with a common American idealism: capitalism is good, communism is bad. Being a citizen of the United States and not being a capitalist is verging upon the fringe of an unwritten taboo. If there isRead MoreCapitalism And The American Worker1331 Words   |  6 PagesThroughout the 19th and 20th century capitalism was on a rise and many writers had different perspectives on the positives and negatives of capitalism and how it shaped America. Thomas DiLorenzo who wrote How Capitalism Enriched the Working Class, focused on how the world became better bec ause of capitalism. Melvyn Dubofsky’s Industrialism and the American Worker, focused on how the lives of working people were deteriorated because of the development of labor and what conditions these people facedRead MoreSlavery And The Making Of American Capitalism1153 Words   |  5 PagesJose Arciga Robert Dean History 110 11.10.15 Essay Prompt The Half Has Never Been Told :Slavery and the making of American Capitalism Back when America was being shaped, tobacco was the main slave produced trade in the colonies. Plantations all across the south had a majority of the slaves from Africa brought here on ships. Forced to work for their slave owners. Tobacco wasn t the only booming business. Cotton soon came into the picture, the north was a more industrial economy, while the southRead MoreAmerican Capitalism And Soviet Communism1344 Words   |  6 Pages American capitalism and Soviet Communism were incompatible systems; Washington shouldn’t have been surprised to hear this in George Kennan’s long telegram. But the tensions were not always this high between the two word powers. In the end of world war two, â€Å"Stalin s empire was won with reservoirs of soviet blood†(cite 1). The thought to be never ending Soviet army was not limitless anymore. The estimated cost of the war was at 2.6 trillion(cite 4), with most of the population wanting to focusRead MoreThe Battle of European Socialism vs. American Capitalism2286 Words   |  10 PagesBattle of European Socialism vs. American Capitalism† Let the battle begin, on the left we have European Socialism and on the right we have American Capitalism! Round One: What is Capitalism? Capitalism is regarded as an economic system and a political strategy distinguished by certain characteristics whose development is conditioned by numerous variables. So how is Capitalism viewed in the United States of America? American Capitalism can be viewed in multiple fashions:

Theories And Techniques. A. Summarize The Following Theories

Theories and Techniques A. Summarize the following theories: just in time (JIT), Toyota Production System (TPS), and Lean. How are these concepts related? Describe the advantages and disadvantages for using each of these concepts at the company presented in the case study. Just-in-time: Just-in-time is an approach of continuous and forced problem solving through a focus on throughput and reduced inventory. Nissan takes advantage of JIT through reduced inventory levels and relying on a supply chain to deliver the parts needed to build its cars. The major benefit to JIT is that production runs remain short and the costs are reduced through less waste in warehouse storage space requirements. The company also saves money on raw materials†¦show more content†¦The advantages of lean operations are that they cut costs, save time, and are easy to monitor. The disadvantages are difficult implementation. When used as a complete strategy these three systems sustain competitive advantage and increase overall returns. The major differences between JIT, TPS, and lean operations is that JIT emphasizes forced problem solving, TPS emphasizes employee learning and empowerment in an assembly-line environment and Lean processes emphasize understanding the customer.(Heizer 626) Sustainability Describe how the emerging concept of the triple bottom line can be used to enhance operations management at the company. Be sure to address each component of the triple bottom line. The triple bottom line is an accounting framework that incorporates what is commonly referred to as the three P s: people, planet, and profit. People: The emergence of the triple bottom line has led to companies becoming more aware of how their decisions affect not only employees and customers but those within the community they operate in. To achieve this in an ever changing global world a company needs to create policies and guidelines on how to select suppliers and evaluate performance. Planet: Operations managers are always looking for ways to reduce companies environmental impact on the earth, and they achieve this through careful selection of raw materials, process innovations, alternative product delivery methods or disposal of end of lifeShow MoreRelatedStatistics Is The Study Of The Collection, A nalysis, And Organization Of Data1594 Words   |  7 Pagesthe distribution s central or typical value, while dispersion characterizes the extent to which members of the distribution depart from its center and each other. Inferences on mathematical statistics are made under the framework of probability theory, which deals with the analysis of random phenomena. A standard statistical procedure involves the test of the relationship between two statistical data sets, or a data set and a synthetic data drawn from idealized model. An hypothesis is proposedRead MoreThe Therapy, Attachment Theory And Cognitive Theory872 Words   |  4 Pagesthree theoretical approaches, which include the solution focused therapy, attachment theory and cognitive theory. The plan is going to be made up of four therapy sessions each will be an hour long. The four sessions are designed to help Andrew overcome his depressive state and to help him develop coping mechanisms for himself. †¢ In the first session, the therapist will be combining both attachment and cognitive theory. †¢ The session will begin with an intake and assessment where the therapist will gainRead MoreProject Management Institute s Online Certification Program957 Words   |  4 Pagesand problem solving techniques of employees in order for those employees to work in a much more efficient manner to add value to the company. Next, I summarize the Project Management Institute’s online certification program that offers training and education to volunteers and project managers around the world that strive to improve their skills in order to be more beneficial to the organizations in which they work. Afterwards, a brief review of the history of the TRIZ theory of problem solving isRead MoreSocial Learning Theory 1741 Words   |  7 Pages(2013) has stated that social learning theory is an expanded theory of differential association processes and improves it with differential reinforcement and other principles of the behavior theory. They added classical conditioning (the sharpeni ng of involuntary reflex behavior); discriminative stimuli (internal stimuli that lead to signals for behavior); schedules of reinforcement (rewards and punishment ratio following behavioral feedback); and other theories of behavior (Akers Sellers, 2013).Read MoreThe Theory Of Criminal Behavior955 Words   |  4 PagesThe theory I believe that explains criminal behavior and delinquency the best would be the Differential Reinforcement Theory, reviewed by Robert Burgess and Ronald Akers after it was criticized by C.R. Jeffery. Burgess and Akers argued against Sutherland’s work by using what he had used already and adding operant conditioning and modeling/condition in order to explain criminal behavior more clearly. They offered seven propositions to summarize the Differential Reinforcement Theory, which was a justificationRead MoreProject: Group Dynamics and Teamwork1644 Words   |  7 PagesSP2750 Project PROJECT: GROUP THEORY Project Introduction: The course project aims at providing you an opportunity to implement your learning about group dynamics. This hands-on part of our class enables you to enhance and develop your skills and techniques of group dynamics, helps you be more competent in an actual group process, and enables you to see the value of teamwork. Collaboratively, the team will work on becoming a team with proactive techniques, diverse ideas, and problem-solving skillsRead MoreThe Theory And Application Of Theories716 Words   |  3 Pageselaborate on theory and application of those theories. It is at his level we must become aware of ourselves and writing skills. APA will be conducive for report writing. Writing produced by practitioner-scholars will entail the following guidelines. *Acquire information: Identify, obtain, and review the current status of knowledge about a subject through literature reviews, readings, research analyses, etc (Capella University, 2003, p.3). *Process information: Categorize, summarize, or operationalizeRead MoreThe Field Of Management Science Essay924 Words   |  4 Pagesrelationships are frowned upon and the During the nineteenth century, the labor force changed with the invention of unaided machinery and by the twentieth century Frederick Winslow Taylor became the leading theorist in Scientific Management Theory. Taylor’s theory created a revolution in the study of management and was the first scientific methods study in field of management science (Khurana, 2009). Scientific management seeks to improve an organization s efficiency by systematically improving theRead MoreEmbryo Harvesting And Genetic Manipulation999 Words   |  4 Pagesissue that triggers legal, religious, and ethical debates (Knapp et al, 2011). The following will explore some of the ethical issues and implication surrounding embryo harvesting and genetic manipulations and the impact it has on stakeholders such as nurses, and the role the laws plays as well as the effects on the family dynamics and their future while describing ethical theories and/or principles and will summarize the social values, morals, no rms, nursing practice that applies to the topic. EthicalRead MoreAnalysis Of The Book The Trojan War A New History 1460 Words   |  6 Pagesin each chapter he covers a different aspect of the Trojan War. In chapter 1 probably the most important chapter of the whole novel, he summarizes Helens role in the war. He explains how Helen was not just a woman with looks that could start a ten-year war but, was clever and â€Å"nobody’s plaything† (Strauss, p.16). The importance of this chapter is that it summarizes how Helen’s affair with Paris was not about love, but was actually about two people who carried a relationship for a self exploitation

Foundations of Planning Q/a - 8530 Words

Chapter 7 Foundations of Planning True/False Questions WHAT IS PLANNING? 1. Planning is concerned with how objectives are to be accomplished, not what is to be accomplished. (False; easy; p. 184) 2. If a manager refuses to write anything down or share his plans with others in the organization, he is not truly planning. (False; moderate; p. 184) WHY DO MANAGERS PLAN? 3. Planning provides direction to managers and nonmanagers alike. (True; easy; p. 185) 4. Even without planning, departments and individuals always work together, allowing organizations to move efficiently toward its goals. (False; moderate; p. 185) 5. Research indicates that nonplanning organizations always outperform planning organizations. (False; moderate; p. 185)†¦show more content†¦a. as to which shift will perform what work functions b. to determine which manager will be in charge of which department c. for organizational work activities d. to establish the quality and quantity of work to be accomplished (c; difficult; p. 184) 32. In informal planning, __________ sharing of goals with others in the organization. a. everything may be written down, but there is little or no b. everything is written down, and there is c. nothing is written down, and there is little or no d. nothing is written down; therefore management does a lot of (c; easy; p. 184) 33. Informal planning is _________. a. performed at the lowest organizational level b. general and lacks continuity c. developed in informal meetings at a resort d. specific and is developed by the middle managers for their department (b; easy; p. 184) 34. In formal planning, _________. a. specific goals covering a period of years are defined b. specific goals are developed and not written c. general goals are developed and not written d. general goals covering an unspecified period of years are defined (a; easy; p. 184) 35. Formal planning involves which of the following aspects? a. developing general objectives b. planning for up to one year c. writing objectives d.Show MoreRelatedPyc3703 Essays755 Words   |  4 Pagescommunication skill units of the interview that will help you develop a more intentional and rounded ability to interact with a client. They will provide specific alternatives for you to use with different types of clients . Micnoskills form the foundation of intentional interviewing . - Different theories have different patterns of skill usage . - Different situations call for different patterns of skill usage . - Different cultural groups have different patterns of skill usage. / SKILL INTEGRATIONRead MoreQuality Improvement Is Defined â€Å"As Systematic, Data-Guided1572 Words   |  7 Pagesunderstanding the language or meaning of the communication; however, it impacts the mechanics of speech due to weakness of the tongue muscle, lips, mouth as well as the musclesof the diaphragm and larynx that control breathing and produce sound (Stroke Foundation, 2017). All of these are not only unavoidable but also impact a person’s ability to interact with family, health professionals and health care providers. This also, impacts their ability to take an active part in the decision-making of their careRead MoreMarch on Washington1550 Words   |  7 Pageswith no end to the boycott in sight. 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Bartol, Management Foundations 2011). * Democratic – leaders who follow this style of leadership tend to get their employees involved in the decision making process and use feedback as an opportunity to improve and develop their skills (T. M.-L. Bartol, Management Foundations 2011). * Laissez-faire – leaders who follow this style of leadership tend to give the employees total freedom, they provideRead MoreFinal Exam Essay790 Words   |  4 Pagesmust be computerized to be useful b) An AIS always produces useful information (X) c) An AIS always produces financial information (X) d) none of these 3. The letter â€Å"P† in the acronym â€Å"ERP† stands for: a) Production b) Planning (X) c) Project d) none of these 4. Which of the following is one of the five interacting components of an accounting information system? a) Fuzzy logic b) Testing c) Certification d) Procedures (X) Read MoreExternal And Internal Factors Influencing Strategic Management Planning1251 Words   |  6 PagesQ: You will create a presentation to critically analyse the external and internal factors influencing strategic management planning. In my presentation today it is important to ascertain what strategic management planning is and to then critically analyze the internal and external factor which influence it. Strategic management planning Strategic management is concerned with making decisions about an organization’s future direction for growth, renewal and transformation and implementing thoseRead MoreTotal Quality Management976 Words   |  4 Pagescompanies together is the combination of Richard Branson and the Virgin brand name. British entrepreneur Branson dropped out of boarding school at the age of 17, in 1967, to start his own magazine. That venture was an immediate success, establishing the foundation for what would become a multibillion-dollar conglomerate during the 1990s. Along the way, Branson would attain cult status in his home country--the result of his business exploits quests for adventure, and unique personal style. The Virgin brandRead MoreCase Study : Accountancy Ltd.1454 Words   |  6 Pages Case study: Blenson Accountancy Ltd. Planning is the systematic development of action programs aimed at reaching to business objectives by the process of observing, calculating, and choosing for perfection in business.As per the above standard definition of planning, Andy has to do comprehensive planning for better future of their business because it has some unique purpose in the organisation or business.The vital role of planning is to decrease the loss of business due to some variable environment

Walking The Walk, Talking The Talk. Student’S Name....

Walking the Walk, Talking the Talk Student’s Name Institution Affiliation Walking the Walk, Talking the Talk Question one When criminal activities such as mugging, gang war, rape, killings, and many more occur, it is normal for the focus of the society to shit to the victims of such crime and their material losses. But the immediate and more tangible losses brought about due to criminal activity, there exists a more abstract problem in the form of fear of crime. As confirmed by the police officers and backed-up by the crime statistics, there is no crime problem at the Senior Citizen’s Center. The fact that news about criminal activities occurring elsewhere spreads rapidly within the center has led to increased fear†¦show more content†¦At the Senior Citizens’ Center, the primary cause of this fear of crime is the media. Even though the neighborhood does not have a crime problem and the levels of crime in the area is very low, the senior residents are not willing to participate in evening walks in the park like they used to before. The new reluctance stems from the res idents worry regarding all the crime that they see in the news and read about in the papers. Information travels quickly within the area and news regarding criminal activities elsewhere resonates with the residents making them fearful both individually and collectively. Through the media, they learn of criminal activities in other parts, develop a fear of crime, and subscribe to perceptions that certain situations are closely associated with criminal behaviors. Hence, crime in other places propagated through the media is the major cause of the fear of crime within the center. Question four Effective community policing should diminish any fears of crime that the citizens within a particular neighborhood have. The fact that the individuals at the senior citizens center are fearful from the crime they see in other areas means that the community policing function that is currently in existence is a little bit inadequate. One thing that is missing is the deliberate, non-enforcement, face-to-face contact between the police officers and the residents in the area. SuchShow MoreRelatedThe Impact of Greek Mythology on Western Culture5592 Words   |  23 Pagesnature of the world, and the origins and significance of their own cult and ritual practices. They were a part of religion in ancient Greece. Modern scholars refer to, and study, the myths, in an attempt to throw light on the religious and political institutions of Ancient Greece, its civilization, and to gain understanding of the nature of myth-making itself. And Greek mythology is embodied in a large collection of narratives, and implicitly in Greek representational arts, such as vase-paintings andRead MoreSantrock Edpsych Ch0218723 Words   |  75 PagesCognitive Development of changes dictated by the child’s genetic blueprint. Just as a sunflower grows in an orderly way (unless defeated by an unfriendly environment), so does a child grow in an orderly way, according to the maturational view. We walk before we talk, speak one word before two words, grow rapidly in infancy and less so in childhood, and experience a rush of sexual hormones in puberty after a lull in childhood. The maturationists acknowledge that extreme environments (those that are physicallyRead MoreFigurative Language and the Canterbury Tales13472 Words   |  54 Pagesthan the poet himself in a particular life situation. 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(2) Noncommercial You may not use this work for commercial purposes (for exampleRead MoreOrganisational Theory230255 Words   |  922 Pages384 385 . xii Contents Technological change and the factory system The impact of scientific management The managerial revolution and the origins of managerialism Redefining managerialism Leadership and managerialism Diffusion between institutions: the case of the UK public sector New public management Diffusion within organizations: the infiltration of the rank and file Organizational democracy and a case against managerialism The economic efficiency case for organizational democracy: aRead MoreAccounting Information System Chapter 1137115 Words   |  549 Pagesproduction cycle; non-manufacturing companies do not. Government agencies need procedures to track separately all inflows and outflows from various funds, to ensure that legal requirements about the use of specific funds are followed. 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As a result, the terminology in the field is in transition. Traditionally called personnel departments, many of these entities have been renamed human resource departments. But more than the name has changed as HR management continues to be the â€Å"people† focus in organizations. 14 Section 1 HR Management—Strategies and Environment HR as Employee Advocate Traditionally, HR has been viewed as the â€Å"employee advocate† in organizationsRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesSystems, the world’s largest maker of networking equipment. He is respected as a visionary leader and innovator who has the ability to drive an entrepreneurial culture. As an effective communicator, Chambers is described as warmhearted and straight talking. 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Le Corbusier and Master Builders free essay sample

A paper which reviews and analyzes the architecture books Le Corbusier and Master Builders. The paper explores and compares two books on architecture, Le Corbusier by Kenneth Frampton and Master Builders by Peter Blake. The paper shows that both books discuss the life and works of architect Le Corbusier, although they differ in that Framptons book focuses mainly on Le Corbusier while Blake studies equally the works of Le Corbusier, Ludwig Mies van der Rohe and Frank Lloyd Wright. According to Frampton, Corbusier was most likely the most famous and certainly the most controversial architect of the twentieth century. His impact on the urban fabric and the way all have lived has been enormous due to the richness and diversity of his work as well as his fervently expressed philosophy of architecture. Thus, the author weaved through his long and prolific life that was recurrent themes, his permanent drive towards new types of dwelling, from the early white villas to the Uit dHabitation at Marseille. We will write a custom essay sample on Le Corbusier and Master Builders or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Furthermore, he detailed his evolving concepts of urban form, which included the Plan Vision of 1925 along with its cruciform towers that were imposed on the city of Paris and finally his work at Chandigarh in India; and his belief in a new technocratic order (Barnes and Noble).

Supplier Management for Case Study of Challenger -myassignmenthelp

Question: Discuss about theSupplier Management for Case Study of Challenger Company. Answer: Introduction The primary purpose of this essay is to provide a detailed analysis of the three aspects of purchasing operations and management which include supplier selection and purchasing system evaluation, use of information and communication technology in conducting purchasing operations and purchasing cost analysis. Purchasing may be defined as a function of buying goods and services from external sources of a firm. The whole process of purchasing is always conducted by the purchasing department of an organization, (Amidoust, Ahmed, Saghfinia Bahreininejad, 2012). Purchasing management is a key aspect of an organization. Proper purchasing management enables enterprises to make informed decisions on whether to buy or make specific commodities, avoid stock outs, and maintain adequate stock levels, develop good relations with the suppliers and ensure that proper records of all transactions are kept, (Lin, 2012). The selected local retailer Based in Singapore, Challenger has been in operation in IT retail market for over 35 years. This company has received distinct reputation as the only homegrown consumer electronics chain with a large network of about 38 stores located island-wide, (Challenger, 2017). It was established in 1982 and is well known for its strong brand name, strong partnerships with major international brands and attractive. Challenger deals in IT products and accessories entailing brands like Hewlett Packard, Valore, Samsung, Acer, Asus, Canon, Toshiba, Nikon, and Olympus, (Challenger, 2017). The company buys these products from trusted suppliers and then stocks them in its stores, where customers buy them. It also offers services in bulk purchases, free domestic delivery for purchases worth 1000 dollars and above and purchases for occasions and special events like door and corporate gifts, (Challenger, 2017). Challenger mainly targets smartphone and computer users, who are dedicated to deriving value from their purchases, (Hachi.tech, 2017). These consist of students living in urban and rural areas and use Laptops, tablets, and smartphones for their studies and some companies and organizations who buy IT products for office and business purposes. The company's main strategy is based on providing high-quality products so that its clients derive a value for their purchases. The IT Industry faces a stiff competition as there are several companies providing the same IT products, (Rogers, 2016). Some of Challengers competitors include Best Denki Co Ltd., Pertama Holdings Limited and OA System Plaza Co. Ltd, among others. To remain competitive, the company has concentrated on providing high-quality products and venturing in e-commerce through its hachi.tech portal as its major, (Hachi.tech, 2017). It has also practiced partnerships so as to remain strong in the industry. For instance, the company has been working closely with Datapipe, so as to provide high-quality technology solutions, (Challenger, 2017). Challenger sources for its products from trusted suppliers of reputed companies such as Apple, Samsung, Acer, Asus and Toshiba among others. This has enabled it to continually win customer trust for its products. Criteria for supplier selection. According to Chen Chao (2012), suppliers are people who provide the company with different products. Supplier selection is a complex process which involves evaluation of supplier attributes, products, and congruence to the organization's values, (Meena Sermah, 2013). The best suppliers are those who offer goods that match or exceed the requirements of the firm, (Barney, 2012). Therefore, in choosing suppliers, managers must be aware of the specific business needs. Challenger sources its products from different suppliers. It uses multiple sourcing approaches in obtaining supplies (Challenger, 2017). This has enabled it to escape the disadvantages of single sourcing, such as high indirect costs and complacency of single suppliers. The company is, therefore, able to maintain competition, protect its customers during shortages, strikes and emergencies and maintain a strong backup source. The company follows the Peter Krailjics model in managing its supplies. It conducts proper classification of its products, proper market analysis to identify its competitors and consumer needs, strategic positioning of its products and outlay of clear action plans which enable it to source trusted suppliers, (Schulze, Seuring Ewering, 2012). In selecting its suppliers, the company considers the following factors: Competitive pricing: The main aim of Challenger Company is to make profits while providing its clients with high-quality products, (Challenger, 2017). Therefore, it majors on competitive pricing when selecting its suppliers. Normally, the supplier's bid and the company selects the best supplier based on the price range. Product and service quality: The Company sources its products from reputed companies with strong brands. These companies include Acer, Samsung, and Apple among others, (Challenger, 2017). The company, therefore, selects suppliers of high quality and genuine products who would help it maintain its brand reputation. Reliable delivery methods: Challenger Company has a wide range of stores where it stocks its IT products such as Phones, laptops, and Computers for its customers, (Hachi.tech, 2017). It selects suppliers who are able to safely deliver the supplies to its respective stores safely without damages or delays as required. Financial stability and credit strength: Most supplies are always delivered in credit. Challenger also sources its IT products in bulk at wholesale prices and then sells them back to customers at retail prices, (Challenger, 2017). It buys its products on credit, and the financial sustainability of its suppliers forms its major consideration. Criteria to be utilized in supplier selection. Supplier selection criteria Selected supplier functions a) Purchasing strategy The supplier must provide high quality and adequate products that would enable Challenger's customers to obtain a value for their purchases. Social of Processing Identify and understand the background and brand reputation of the supplier firm, so as to ensure quality high brands are obtained Optimisation Aligning suppliers base with Challengers supply chain goals. Keep seeking appropriate techniques and alternative strategies. Identify the quality of products offered by the supplier and whether the supplier offers after sale services. Globalisation Establishing opportunities for international suppliers and embracing diversity. The Company has done this through partnerships and expansion of its internet presence. Sustainability Conducting a continuous review and evaluation of suppliers. Obtaining new suppliers by expanding its range of products to include spare parts and after sale services For example, if the company wants to select Samsung company as one of its suppliers of smartphones, laptops, and appliances, the company will analyze the supplier before making a decision. After selecting the supplier, then the company should ensure that the delivery process is safe and convenient using the following steps: First step: The Company finds suppliers through a competitive bidding. The company then evaluates and selects the best supplier on a competitive basis. Second step: The supplier must meet all the prequalification procedures, (Stadtler, 2015). Normally, the requirements are based on the inventory management system and the reorder levels. Third step: The order is placed using SAP ERP system to selected suppliers. After placing the orders, the system is able to track all the purchases invoices and any payments made to suppliers, (Majadalawieh Marks, 2017). Fourth step: Ensuring that the ordered items are safely delivered and stored in the retail outlets. Fifth step: Inspecting whether all the delivered products are in good condition. The company also inspects the products in terms of specification, quality, and model. Supplier performance can be evaluated using a scorecard as follows: Category Metrics Quality Good quality Correct specifications Correct model Deliver On time delivery Early delivery Late delivery Partial delivery Cost Reduction of total cost per year Reduction of indirect costs Responsiveness Emergency requests can be delivered Compliance with terms of payment Customer complaints Industry capacity Availability of the product Insurance on freight Political events Customer complaints Number of complaints No customer complaints. Appropriate tool for evaluating suppliers. The main aim of Challenger Company is to make profits by buying IT products at competitive prices and then selling them at retail prices to the clients. The company uses SAP ERP system, which is a convenient tool for managing its supplies, (Challenger, 2017). This ensures timely tracking of supplies and ensuring that all transactions with the suppliers are recorded to eliminate inefficiencies, (Challenger, 2017). Although the company benefits from all the advantages of multiple supplier sourcing, I would recommend the company should adopt single suppliers for some of its products. This will enable it to easily achieve economies of scale and get supplies at discounted prices. Single suppliers are also more trusted in times of economic slowdowns as they can easily supply products to the company on credit, (Sawik, 2014). ICT for purchasing activities. SAP ERP system Challenger Company uses SAP ERP system, which allows for interaction between its various departments. ERP system is an important software in every organization as it enables interaction with different departments in the firm such as marketing, supply lines, quality control, and stocks, (Targett, Grimshaw Powell, 2013). It integrates all sections of the company and functions across the whole firm with a single system. The ERP system used by Challenger Ltd enables it to accurately keep track of its transactions. These involve monitoring stock levels in the stores, monitoring sales and assessing human resources, (Challenger, 2017). After the recommendations by Gartner, Challenger also landed on Datapipe, (Challenger, 2017). This is because it needed to avoid the uncertainties involved in automation and other concerns that arise from migrating to cloud environment. The internet marketing portal. As a way of increasing access to customers, many companies have embraced the internet and social media marketing. Challenger Ltd is not an exception to this development. It has tried to embrace internet marketing. This has been manifested through the development of hachi.tech, which is an internet platform, where customers can order products online, (Hachi.tech, 2017). Since the company has majored in e-commerce by developing the hachi.tech portal, I would recommend that it increases its relations with Datapipe's so as to improve the security of its operations in the cloud. The company would then be able to increase its market presence and expand its customer base. It should also combine SAP with Ariba network. This would enable it to strengthen its transactions with its suppliers and discover new business opportunities. SAP combined with Ariba network is a business software which enables adequate purchase management and direction of the entire operations of the workforce system, (Majdalawieh Marks, 2017). It will also be able to manage the entire procurement process and build an ethical supply chain, (Chang, Huang, Chen Hung 2013). Purchasing Cost Analysis. The main reason for conducting a purchasing cost analysis is to test whether the cost of purchasing items is reasonable, (Stadtler, 2015). Prices of commodities charged by the suppliers may fall into three categories- market prices, previous prices, and published prices, (Stadtler, 2015). Challenger as a company acts as a retailer, by purchasing products at wholesale prices and then selling them at a profit, (Challenger, 2017). Therefore it must clearly evaluate the supplier process to determine the cost at which it is able to purchase the products from the suppliers, without making losses. The cost of obtaining products largely dictates the prices at which they are sold. If a company spends less on purchasing its supplies, then it may be able to avail the same goods at lower prices to the consumers, (Bokor Markovits-Somogyi, 2015). Challenger Company uses total cost of ownership (TCO) model to determine the prices of its products, (Challenger, 2017). In this model, cost of products is done with regards to other costs associated with maintenance and ensuring that the products are in good condition, (Mahal Hussain, 2015). These may include service, maintenance, and administration. The benefits enjoyed by Challenger from adopting TCO include ensuring that all the costs associated with the business are identified and incorporated when attaching prices to the products, enhancing overall cost management, through proper cost planning and ensuring that prices of products are achievable by the customers, (Challenger, 2017). Although the company has adopted a TCO approach which is a good cost management tool, it has continued to suffer the disadvantages associated with this tool. These include lack of a uniform method of cost analysis and time wastage in trying to identify all the costs associated with all the cost centers, (Mahal Hussain, 2015). I would, therefore, recommend the company to adopt Activity-based costing approach to assign costs of its supplies. ABC model would enable the company to classify all the costs in their cost centers. In this approach, the managers of the company would be able to identify the specific cost centers so as to classify every cost adequately to avoid confusion and time wastage in conducting a cost analysis, (Bokor Markovits-Somogyi, 2015). In conclusion, Challenger Company is a leading retailer, dealing with IT products. Its competitive strategies which include the provision of high-quality products and use of trusted suppliers have enabled it to maintain high profits. The company also embraces IT in its supply chain management, through use of SAP ERP software. The company also uses proper cost management strategies, through use of total cost of ownership approach to attach prices of its products and select reliable suppliers. However, the company should also select single suppliers for some of the product brands so as to easily enjoy the benefits of receiving goods in bulk such as discounts. 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