Managing Operations and Supply Chain †Free Samples for Students

Question: How Do Managing Operations and Supply Chain? Answer: Introduction: The dependence of a business on resources is not an unknown fact in context of business management. Research studies as well as literature have provided substantial indications towards the trouble that lies ahead for business organizations in the long run owing to the limited quantity of resource available for business. The consistent expansion of the ecological footprint of the world has led to the profound concerns pertaining to regeneration of the natural resources as well as ensuring sustainability. It can be profoundly noted that the linear framework for consumption and utilization of resources leads to the chances of detrimental risks for businesses as well as societies. One of the prominent examples that could be cited in context of the utilization of resources is the consistent depletion of precious metals from the earth crust due to the continuous mining that has been ongoing for almost 250 years (Bichou, Bell Evans, 2013). The limitations of resources, increasing volumes of pollution and waste alongside the formidable growth in population are considered as detrimental aspects for the society. Furthermore, these factors are also responsible for negative impacts from the perspective of business organizations on their competitiveness, sustainability and profits. The concept of circular economy had been introduced several decades back albeit coming into notice recently in major business as well as political agendas (Carter, Rogers Choi, 2015). Circular economy poses as a promising alternative to the conventional linear economy through the specific characteristic of effective utilization of natural resources which is also responsible for decoupling the economic growth from scarce resources. The effective utilization of materials is accountable for promising advantages such as safeguarding the environment as well as creation of additional value (Carter, Rogers Choi, 2015). The creation of more value for business organizations through effective utilization of natural resources is facilitated through cost savings and the development of new markets as well as expansion of existing markets. Therefore business organizations have apprehended the necessity to assume circular economy as a source for long term competitive advantage, sustainability and security rather than a mere illustration of trust and reputation of the enterprises. Company background: The company that has been selected in this report to describe the practical implications of the circular economy is Dell which is a prominently reputed name in the domain of consumer electronics. The company specializes in the provision of personal computers, laptops, computer accessories and tablet PCs with a wide ranging customer base comprising of general public as well as organizations. The organization was formed in 1984 and has come a long way to become one of the most recognized brand in the domain of computing equipment (Chiu Choi, 2016). The organization has been able to face competition from the notable names in the industry of computers with a notable achievement of being among the top three PC manufacturers in the world since 2001. The specific products which characterize Dells presence in the international computer industry include laptops which are improvised consistently on the grounds of better customer-device interface. PC models of Dell such as XPS have made a notable impression in the product lines of the company thereby implying the competence of Dell to sustain in the context of the industry of computers. Apart from the PC manufacturing sector, Dell is also recognized for a wide assortment of services such as storage solutions, systems management, OEM solutions and networking solutions which could cater the business management requisites of specific enterprises (Dobrzykowski, et al., 2014). The services for businesses provided by Dell are complemented with the efforts of expert and certified engineers which lead to provision of application services, re-hosting and support services. Over the years, the reputation of Dell has been primarily attributed to the clientele which comprises of popular names such as Intel, Sapient, AMD, NASCAR, Seagate and Google. Therefore, the significance of circular economy could be evaluated in practical context of the company which would be indicative of the effectiveness of operations and supply chain management of the organization thereby contributing to the prospects of sustainability for the company (Grant, Wong Trautrims, 2017). Circular economy: The active involvement of organizations in large numbers directed towards the resolution of issues pertaining to sustainable development has been improving recently. The preferences of organizations to realize sustainable development could be supported by the favourable implications of circular economy which are largely characterized by the effective utilization of resources. The effective utilization of resources refers to the activities of refurbishing, recycling and repairing of products and materials which could facilitate the option of attracting a sustainable future for the organization (Holweg Helo, 2014). Prior to the analysis of supply chain and operational changes introduced by the circular economy in case of a real world organization, it is essential to apprehend the concept of a circular economy and the main principles associated with it. The roots of circular economy could not be precisely apprehended since it cannot be attributed to a particular author or a specific origin date. However, the origins of the term circular economy could be traced back to 1970s owing to the efforts of innovators, academics and business personnel. The limitations of the linear economic model in realizing sustainability could also be associated with the concerns of increasing consumption that leads to substantial issues in the future. The production model developed in context of linear economy has been associated with limitations pertaining to sustainability due to the worldwide accumulation of waste as well as the escalating demand for raw materials. Some of the profound schools of thought that are used for describing the generic concept of circular economy refer to blue economy, performance economy, regenerative design, industrial economy and natural capitalism (Ho, et al., 2015). The key principles which could be associated profoundly with circular economy refer to renewable energy, thinking in cascades, development of resilience through diversity and designing out waste. Developing diversity could enable organizations to ensure varying approaches to utilize resources thereby improving the resilience of the organization to uncertain circumstances. The particular initiatives of organizations to find out the possible sources of waste generation and the amount of waste generated could be addressed through designing out waste. This would lead to the establishment of precise guidelines and controls for waste management thereby leading to the production of minimal volumes of waste. The requirement for dealing with the considerable depletion of finite resources could be addressed through the development of a new economic framework that could create value, facilitate profits alongside interconnecting the responsibilities intended for people, economy and the planet. The consistent surge in the activity of business managers and leaders in context of the development of collaborations and novel agendas that could address sustainable growth serves as an appropriate platform for the promotion of circular economy. Contemporary organizations face the considerable necessity to opt for a resource efficient economy in order to ensure sustainable profitability in the future (Kauppi, 2013). The concerns of organizations could be complicated further due to the issues such as volatility of raw materials and future prices as well as complex customer demands and competitive disadvantage. The definition of circular economy has been widely discussed in literature and research studies pertaining to the same with varying perspectives. On a generic basis the circular economy can be characterized by engagement of stakeholders across a wide assortment of industries that contributes to the stimulation of supply chains that can ensure maximum utilization of resources as well as value throughout the lifecycles of the resources. It is also essential to observe the environmental, social and economic costs of goods and services since they are integral elements of circular economy. The different aspects of circular economy are supported by the utilization of renewable resources, effective utilization of energy in production and delivery of goods and services, prevent negative impacts on water resources, safeguarding natural capital and minimizing the risks that arise in context of finite raw materials (Khajavi, Partanen Holmstrm, 2014). These aspects are responsible for stimulating innovation as well as creating prospects for sustainability in long term growth. The saturation that could be observed in linear consumption is liable for creating the need to form a novel economic framework. Furthermore, the strategic as well as operational benefits that are associated with circular economy create the need to reflect on the limitations of linear economy. Contradicting between the two types of economy could be apprehended as a profound element noticed in varying research studies and literature. The linear model of resource consumption as compared to a circular economy could be observed as a profound characteristic of industrial economy which has not changed considerably in the course of many years after varying levels of diversification and evolution. Linear economy is associated with the implications of enterprises dealing with applications such as harvesting and extraction of materials that can be used for manufacturing specific products. The product is sold to a consumer and is then discarded after fulfilling its purpose (Krajewski, Ritzman Malhotra, 2013). The expected figures pertaining to the investment of raw materials in the economic system by 2020 are estimated to be approximately 82 billion tonnes which is considerably higher than that of 2010 when almost 65 billion tonnes of raw materials were invested in the economic system. Supply disruptions and higher pricing of resources are the prominent risks for business organizations that have been identified in context of a linear economic system. The limited predictability of prices as well as the fluctuating increments in resource pricing has served as major pitfalls for business organizations alongside the stagnation of demand in particular sectors alongside the higher com petitive intensity. The contemporary economic scenario on a global scale can be characterised with the higher price volatility levels in particular segments such as food, metal and non-edible agricultural produce which was profoundly noted in the initial decade of the 21st century. Some other trends that can be noticed in context of linear economy could also validate the prominent implications for business organizations to prefer circular economy practices (Mafakheri Nasiri, 2014). The other indicators of inefficiency in the linear economic model refer to slower growth in agricultural productivity, risk to supply security and prominent issues pertaining to acquisition of valid opportunities to compete in certain local resource markets. Therefore, the concept of circular economy arises from the need perceived by managers in context of the pitfalls posed by linear economy (Markman Krause, 2016). The prominent limitations of linear economy are catered by the circular economy through decoupling the revenues from material input. Furthermore, it is also imperative to observe the distinct benefits rendered by a circular economy especially in context of economy, environment and society which differentiate it as a promising alternative to the linear economy. Supply chain and operation management in circular economy: The considerable emphasis on the recycling and reuse of end of use materials and products has been the keyword for business enterprises in the recent years leading to the formidable presence of circular economy. A circular economy enables organizations to revise their supply chain and operations management frameworks alongside providing additional dimensions in the supply chain. Circular economy has become a promising opportunity for ensuring business organizations are suitable for the competition and sustainability concerns in the long term (McCormack Johnson, 2016). The considerable initiatives from major brands such as Nike and Renault in different industries for development of circular products and services are a notable indicator of the changes in supply chain and operations of the enterprises. The understanding of the revision in global supply chain networks owing to the inclusion of circular economy practices has been observed as a major theme of research studies and literature. Supply chain operations are characterized by the elements of costs and throughputs which are furthermore associated with the concerns of two way interactions in the downstream as well as upstream. The implications of circular economy on the supply chain management could be perceived explicitly in the adoption of lean supply chain practices which is itself a notable deviation from the conventional practices of circular economy. Lean supply chain practices are characterized by systematic phases which enable the recognition of sources of waste and eliminate all forms of waste and can be applied in context of varying industries, organizations or supply chains (Qrunfleh Tarafdar, 2014). However, the efficiency of lean supply chain practices is limited on the grounds of the factors such as disruption of global markets and price volatility which has to be addressed through flexible methods that can be capable of addressing the impact of consistent disturbance. One of the profound aspects involved in the transition of conventional supply chain management to circular supply chain is associated with the extension of the time for which the material or product is used. Some of the examples of practices that could be observed in context of supply chain and operational management in a circular economy refer to the improvements in durability of products, production through assembling different parts of a product which can be reused later and increasing the consecutive cycles of repairing, recycling and refurbishing (Ross, 2015). Impacts of circular economy: The apprehension of the distinct impacts rendered by circular economy in environmental, social and economic contexts could be complemented by the support of the driving forces for the circular economy. The notable driving forces for circular economy have been identified in the possible opportunities for growth facilitated by the same. A circular economy is preferred on the grounds of beneficial outcomes such as reduction of waste, delivering higher competitiveness in the national economy, reduction of environmental impacts as well as the opportunities to address the concerns of resource scarcity. The characteristic identity of circular economy could be perceived in the particular aspects of circular design, core competences, circular design and factors for promoting cross-sector performance as well as cross-cycle performance and innovative business models. First of all, it would be essential to determine the economic opportunities facilitated by circular economy since it facilitates exploration of new and uncharted territories. The reduction of waste involved in industrial chain could be accomplished through reusing materials to the maximum possible limits that contribute substantially to the reduction of costs alongside limiting the dependence of organizations on resources (Schaltegger Burritt, 2014). Organizations could perceive that the benefits of circular economy are not limited to operational applications but also provide a strategic perspective which is aligned with the benefits of customers as well as the industry. Economic benefits are drawn primarily from the substantial net material savings, promotion of job creation and innovation opportunities, long term resilience in the economy, enhanced soil health and productivity of land and the depreciation in supply risks and volatility. The estimates pertaining to the circular opportunities in product segments such as FMCG cite the prolific aspects of circular opportunities leading to approximately $700 billion of savings in net materials annually. The residence of more than half of the global population in urban locations is a profound indicator of the opportunities that circular economy can provide to the social aspect (Schaltegger Burritt, 2014). The increasing urbanization is responsible for benefits for the costs of collection and treatment of end-of-use material and the asset sharing services. Apart from the social contribution in terms of job creation, circular economy is also characterized with opportunities for prominent impacts on environment as well. The particular emphasis on use of renewable resources, sustainable energy and the recycling of the materials could be assumed as a feasible indication of the reduction of ecological footprint of the organizations in a circular economy (Schnsleben, 2016). Circular economy in organizational context: The growth of the population on a global scale is indicative of a considerable rise in the share of middle class as well as the large scale reforms in consumption behaviour. The stance of Dell on the prospects of circular economy is clear as it has emphasized on the fact that every material holds significant value and the measures for designing out waste from the system. Furthermore, the organization is committed to ensure that the transition to a circular economy is characterized with flexibility alongside impinging on the aspects of productivity and effectiveness for customers (Simchi-Levi, Schmidt Wei, 2014). The commitment of Dell to customers and the planet could be explicitly perceived in the culture of Dell and can be assumed as a core dimension of its business operations. Furthermore, it is essential to observe that Dell has leveraged its technical expertise and resources to contribute maximum benefits for the society, environment as well as economy. A comprehensive review of the circular economy practices of Dell could be a viable opportunity to ascertain the economic, social and environmental benefits drawn by Dell alongside a promising impression of the circular supply chain of the organization. The core values of Dell have enabled the firm to maintain the emphasis on the complete lifecycle while designing products. The organization considers the distinct stages of product lifecycle such as reuse, recyclability and repairing in its product design to obtain the outcomes of flexible recycling options and smart material choices for customers. The closed-loop recycling of plastics is considered as a profound example of the organizations initiatives to realize the circular economy activities in its operational framework (Snyder, et al., 2016). The distinct stages of the closed loop recycling initiative of Dell include collection and recycling, sorting and shredding, mould and manufacture, assembly and shipment and the purchase and use. The closed loop recycling refers to the circular supply chain operations and the particular aspects of the recycling could be reviewed to obtain an impression of the environmental, social and economic footprint rendered by the organization. The closed loop recycling involves collection of plastic that has been recovered from technology which could be utilized again to improve the longevity of the plastics, reduction of costs and limit the carbon footprint. Furthermore, it can be perceived that Dell follows industry benchmarks and precedents to obtain certification of its circular supply chain practices and is one of the leaders in inducing circular economy practices (Swink, et al., 2014). The analysis of the net benefits earned from the closed loop approach exhibit potential indications towards the comparatively superior benefits of moulded plastic rather than the virgin plastics (Yinan, Tang Zhang, 2014). On the other hand, Dell has also extended the scope of circular economy beyond material choices and has implemented cloud services that are based on the principle of delivering technology to customers with the minimal use of resources. The concerns of access over ownership based business model which is prominently noted in circular economy could be observed in the applications of virtualization that enable customers to access newer technology without any requirement of ownership of new resources. Dell has been able to capitalize on technological features such as Internet of Things (IoT) successfully to obtain comprehensive integration of networking, cloud services, analytics, sensors and Big Data which could drive novel insights into the deployment of resources (To uboulic, Chicksand Walker, 2014). Some of the prominent examples of the initiatives of Dell to implement technology in realizing a circular economy could be observed in the smart grid technologies and The Pecan Street Project which are intended to communicate the intricacies of home energy usage in detail. The collaboration of Dell with Intel to set up the Internet of Things lab is a promising initiative for realizing circular economy practices that is characterized with the opportunities for customers to experiment with new ideas, solutions, product and software. Impact of circular economy on Dell: The initiatives for embracing circular economy followed by Dell are characterized with potential benefits for the enterprise, customers as well as the surrounding context of the organization. It is inevitable to consider that the circular supply chain followed by Dell in its production process is likely to generate profound benefits for the environment. The environmental impacts of disposing plastic waste generated from computers could be mitigated to a large extent due to the recovery and reuse initiatives followed in the circular economy practices. It has been estimated that the total volume of electronic waste generated in the year 2014 amounted to approximately 42 million tons and the predictions for the year 2017 are anticipated to be approximately 50 million tons. The reduction of toxic chemical exposure and improvement in soil health could be held accountable as major environmental benefits of circular economy for Dell (Vos Levering, 2016). On the economic front, the company could be able to obtain feasible reductions in costs of production alongside inducing opportunities for better product quality for customers. The improvement of product quality alongside ensuring minimal usage of resources is accountable for notable prospects in the economic aspect of Dells operations. The provision of the 2020 Legacy of Good Plan of Dell is considered responsible for the indications towards utilization of substantial volumes of recycled material as well as recovery of electronic waste (Yahaya, et al., 2017). The prospects of job creation that are associated with the circular supply chain of Dell involve the employment opportunities in the recycling, recovery and re-fabrication concerns of the supply chain. Furthermore, Dells circular economy initiatives are also inclined towards promoting innovation in terms of technology from the perspective of industry as well as customers which is a viable social benefit (Yang Wei, 2013). Conclusion: Apart from the promising aspects that are noted in circular economy for enterprises across a wide range of industries, it is also imperative to apprehend the path of transitioning into a circular economy involving recovery operations, reuse processing, controls and data security. The report highlighted a theoretical perspective related to the concept of circular economy and described the practical implications of the same in context of a real world organization i.e. Dell. The report emphasized specifically on the circular supply chain and its impact on the environmental, social and economic contexts of an organization which expand the scope of understanding for the reader. References Bichou, K., Bell, M. and Evans, A., 2013.Risk management in port operations, logistics and supply chain security. CRC Press. Carter, C.R., Rogers, D.S. and Choi, T.Y., 2015. Toward the theory of the supply chain.Journal of Supply Chain Management,51(2), pp.89-97. Chen, D.Q., Preston, D.S. and Swink, M., 2015. How the use of big data analytics affects value creation in supply chain management.Journal of Management Information Systems,32(4), pp.4-39. Chiu, C.H. and Choi, T.M., 2016. Supply chain risk analysis with mean-variance models: a technical review.Annals of Operations Research,240(2), pp.489-507. Dobrzykowski, D., Deilami, V.S., Hong, P. and Kim, S.C., 2014. A structured analysis of operations and supply chain management research in healthcare (19822011).International Journal of Production Economics,147, pp.514-530. Grant, D.B., Wong, C.Y. and Trautrims, A., 2017.Sustainable logistics and supply chain management: principles and practices for sustainable operations and management. Kogan Page Publishers. Holweg, M. and Helo, P., 2014. Defining value chain architectures: Linking strategic value creation to operational supply chain design.International Journal of Production Economics,147, pp.230-238. Ho, W., Zheng, T., Yildiz, H. and Talluri, S., 2015. Supply chain risk management: a literature review.International Journal of Production Research,53(16), pp.5031-5069. Kauppi, K., 2013. Extending the use of institutional theory in operations and supply chain management research: Review and research suggestions.International Journal of Operations Production Management,33(10), pp.1318-1345. Khajavi, S.H., Partanen, J. and Holmstrm, J., 2014. Additive manufacturing in the spare parts supply chain.Computers in industry,65(1), pp.50-63. Krajewski, L.J., Ritzman, L.P. and Malhotra, M.K., 2013.Operations management: processes and supply chains(Vol. 1). New York, NY: Pearson. Mafakheri, F. and Nasiri, F., 2014. Modeling of biomass-to-energy supply chain operations: applications, challenges and research directions.Energy Policy,67, pp.116-126. Markman, G.D. and Krause, D., 2016. Theory building surrounding sustainable supply chain management: Assessing what we know, exploring where to go.Journal of supply chain management,52(2), pp.3-10. McCormack, K.P. and Johnson, W.C., 2016.Supply chain networks and business process orientation: advanced strategies and best practices. CRC Press. Qrunfleh, S. and Tarafdar, M., 2014. Supply chain information systems strategy: Impacts on supply chain performance and firm performance.International Journal of Production Economics,147, pp.340-350. Ross, D.F., 2015.Distribution Planning and control: managing in the era of supply chain management. Springer. Schaltegger, S. and Burritt, R., 2014. Measuring and managing sustainability performance of supply chains: Review and sustainability supply chain management framework.Supply Chain Management: An International Journal,19(3), pp.232-241. Schnsleben, P., 2016.Integral logistics management: operations and supply chain management within and across companies. CRC Press. Simchi-Levi, D., Schmidt, W. and Wei, Y., 2014. From superstorms to factory fires: Managing unpredictable supply chain disruptions.Harvard Business Review,92(1-2), pp.96-101. Snyder, L.V., Atan, Z., Peng, P., Rong, Y., Schmitt, A.J. and Sinsoysal, B., 2016. OR/MS models for supply chain disruptions: A review.IIE Transactions,48(2), pp.89-109. Swink, M., Melnyk, S.A., Cooper, M.B. and Hartley, J.L., 2014.Managing operations across the supply chain(pp. 248-249). New York, NY: McGraw-Hill/Irwin. Touboulic, A., Chicksand, D. and Walker, H., 2014. Managing imbalanced supply chain relationships for sustainability: A power perspective.Decision Sciences,45(4), pp.577-619. Vos, B. and Levering, R., 2016. Organizational drivers and barriers of circular supply chain operations. Yahaya, C.K.H.C.K., Mustapha, J.C., Jaffar, J., Talip, B.A. and Hassan, M.M., 2017. Operations and supply chain mini simulator development as a teaching aid to Enhance student's learning experience. In7th Annual Conference on Industrial Engineering and Operations Management, IEOM 2017. IEOM Society. Yang, C.C. and Wei, H.H., 2013. The effect of supply chain security management on security performance in container shipping operations.Supply Chain Management: An International Journal,18(1), pp.74-85. Yinan, Q., Tang, M. and Zhang, M., 2014. Mass customization in flat organization: The mediating role of supply chain planning and corporation coordination.Journal of Applied Research and Technology,12(2), pp.171-181.

Managing Operations and Supply Chain †Free Samples for Students

Question: How Do Managing Operations and Supply Chain? Answer: Introduction: The dependence of a business on resources is not an unknown fact in context of business management. Research studies as well as literature have provided substantial indications towards the trouble that lies ahead for business organizations in the long run owing to the limited quantity of resource available for business. The consistent expansion of the ecological footprint of the world has led to the profound concerns pertaining to regeneration of the natural resources as well as ensuring sustainability. It can be profoundly noted that the linear framework for consumption and utilization of resources leads to the chances of detrimental risks for businesses as well as societies. One of the prominent examples that could be cited in context of the utilization of resources is the consistent depletion of precious metals from the earth crust due to the continuous mining that has been ongoing for almost 250 years (Bichou, Bell Evans, 2013). The limitations of resources, increasing volumes of pollution and waste alongside the formidable growth in population are considered as detrimental aspects for the society. Furthermore, these factors are also responsible for negative impacts from the perspective of business organizations on their competitiveness, sustainability and profits. The concept of circular economy had been introduced several decades back albeit coming into notice recently in major business as well as political agendas (Carter, Rogers Choi, 2015). Circular economy poses as a promising alternative to the conventional linear economy through the specific characteristic of effective utilization of natural resources which is also responsible for decoupling the economic growth from scarce resources. The effective utilization of materials is accountable for promising advantages such as safeguarding the environment as well as creation of additional value (Carter, Rogers Choi, 2015). The creation of more value for business organizations through effective utilization of natural resources is facilitated through cost savings and the development of new markets as well as expansion of existing markets. Therefore business organizations have apprehended the necessity to assume circular economy as a source for long term competitive advantage, sustainability and security rather than a mere illustration of trust and reputation of the enterprises. Company background: The company that has been selected in this report to describe the practical implications of the circular economy is Dell which is a prominently reputed name in the domain of consumer electronics. The company specializes in the provision of personal computers, laptops, computer accessories and tablet PCs with a wide ranging customer base comprising of general public as well as organizations. The organization was formed in 1984 and has come a long way to become one of the most recognized brand in the domain of computing equipment (Chiu Choi, 2016). The organization has been able to face competition from the notable names in the industry of computers with a notable achievement of being among the top three PC manufacturers in the world since 2001. The specific products which characterize Dells presence in the international computer industry include laptops which are improvised consistently on the grounds of better customer-device interface. PC models of Dell such as XPS have made a notable impression in the product lines of the company thereby implying the competence of Dell to sustain in the context of the industry of computers. Apart from the PC manufacturing sector, Dell is also recognized for a wide assortment of services such as storage solutions, systems management, OEM solutions and networking solutions which could cater the business management requisites of specific enterprises (Dobrzykowski, et al., 2014). The services for businesses provided by Dell are complemented with the efforts of expert and certified engineers which lead to provision of application services, re-hosting and support services. Over the years, the reputation of Dell has been primarily attributed to the clientele which comprises of popular names such as Intel, Sapient, AMD, NASCAR, Seagate and Google. Therefore, the significance of circular economy could be evaluated in practical context of the company which would be indicative of the effectiveness of operations and supply chain management of the organization thereby contributing to the prospects of sustainability for the company (Grant, Wong Trautrims, 2017). Circular economy: The active involvement of organizations in large numbers directed towards the resolution of issues pertaining to sustainable development has been improving recently. The preferences of organizations to realize sustainable development could be supported by the favourable implications of circular economy which are largely characterized by the effective utilization of resources. The effective utilization of resources refers to the activities of refurbishing, recycling and repairing of products and materials which could facilitate the option of attracting a sustainable future for the organization (Holweg Helo, 2014). Prior to the analysis of supply chain and operational changes introduced by the circular economy in case of a real world organization, it is essential to apprehend the concept of a circular economy and the main principles associated with it. The roots of circular economy could not be precisely apprehended since it cannot be attributed to a particular author or a specific origin date. However, the origins of the term circular economy could be traced back to 1970s owing to the efforts of innovators, academics and business personnel. The limitations of the linear economic model in realizing sustainability could also be associated with the concerns of increasing consumption that leads to substantial issues in the future. The production model developed in context of linear economy has been associated with limitations pertaining to sustainability due to the worldwide accumulation of waste as well as the escalating demand for raw materials. Some of the profound schools of thought that are used for describing the generic concept of circular economy refer to blue economy, performance economy, regenerative design, industrial economy and natural capitalism (Ho, et al., 2015). The key principles which could be associated profoundly with circular economy refer to renewable energy, thinking in cascades, development of resilience through diversity and designing out waste. Developing diversity could enable organizations to ensure varying approaches to utilize resources thereby improving the resilience of the organization to uncertain circumstances. The particular initiatives of organizations to find out the possible sources of waste generation and the amount of waste generated could be addressed through designing out waste. This would lead to the establishment of precise guidelines and controls for waste management thereby leading to the production of minimal volumes of waste. The requirement for dealing with the considerable depletion of finite resources could be addressed through the development of a new economic framework that could create value, facilitate profits alongside interconnecting the responsibilities intended for people, economy and the planet. The consistent surge in the activity of business managers and leaders in context of the development of collaborations and novel agendas that could address sustainable growth serves as an appropriate platform for the promotion of circular economy. Contemporary organizations face the considerable necessity to opt for a resource efficient economy in order to ensure sustainable profitability in the future (Kauppi, 2013). The concerns of organizations could be complicated further due to the issues such as volatility of raw materials and future prices as well as complex customer demands and competitive disadvantage. The definition of circular economy has been widely discussed in literature and research studies pertaining to the same with varying perspectives. On a generic basis the circular economy can be characterized by engagement of stakeholders across a wide assortment of industries that contributes to the stimulation of supply chains that can ensure maximum utilization of resources as well as value throughout the lifecycles of the resources. It is also essential to observe the environmental, social and economic costs of goods and services since they are integral elements of circular economy. The different aspects of circular economy are supported by the utilization of renewable resources, effective utilization of energy in production and delivery of goods and services, prevent negative impacts on water resources, safeguarding natural capital and minimizing the risks that arise in context of finite raw materials (Khajavi, Partanen Holmstrm, 2014). These aspects are responsible for stimulating innovation as well as creating prospects for sustainability in long term growth. The saturation that could be observed in linear consumption is liable for creating the need to form a novel economic framework. Furthermore, the strategic as well as operational benefits that are associated with circular economy create the need to reflect on the limitations of linear economy. Contradicting between the two types of economy could be apprehended as a profound element noticed in varying research studies and literature. The linear model of resource consumption as compared to a circular economy could be observed as a profound characteristic of industrial economy which has not changed considerably in the course of many years after varying levels of diversification and evolution. Linear economy is associated with the implications of enterprises dealing with applications such as harvesting and extraction of materials that can be used for manufacturing specific products. The product is sold to a consumer and is then discarded after fulfilling its purpose (Krajewski, Ritzman Malhotra, 2013). The expected figures pertaining to the investment of raw materials in the economic system by 2020 are estimated to be approximately 82 billion tonnes which is considerably higher than that of 2010 when almost 65 billion tonnes of raw materials were invested in the economic system. Supply disruptions and higher pricing of resources are the prominent risks for business organizations that have been identified in context of a linear economic system. The limited predictability of prices as well as the fluctuating increments in resource pricing has served as major pitfalls for business organizations alongside the stagnation of demand in particular sectors alongside the higher com petitive intensity. The contemporary economic scenario on a global scale can be characterised with the higher price volatility levels in particular segments such as food, metal and non-edible agricultural produce which was profoundly noted in the initial decade of the 21st century. Some other trends that can be noticed in context of linear economy could also validate the prominent implications for business organizations to prefer circular economy practices (Mafakheri Nasiri, 2014). The other indicators of inefficiency in the linear economic model refer to slower growth in agricultural productivity, risk to supply security and prominent issues pertaining to acquisition of valid opportunities to compete in certain local resource markets. Therefore, the concept of circular economy arises from the need perceived by managers in context of the pitfalls posed by linear economy (Markman Krause, 2016). The prominent limitations of linear economy are catered by the circular economy through decoupling the revenues from material input. Furthermore, it is also imperative to observe the distinct benefits rendered by a circular economy especially in context of economy, environment and society which differentiate it as a promising alternative to the linear economy. Supply chain and operation management in circular economy: The considerable emphasis on the recycling and reuse of end of use materials and products has been the keyword for business enterprises in the recent years leading to the formidable presence of circular economy. A circular economy enables organizations to revise their supply chain and operations management frameworks alongside providing additional dimensions in the supply chain. Circular economy has become a promising opportunity for ensuring business organizations are suitable for the competition and sustainability concerns in the long term (McCormack Johnson, 2016). The considerable initiatives from major brands such as Nike and Renault in different industries for development of circular products and services are a notable indicator of the changes in supply chain and operations of the enterprises. The understanding of the revision in global supply chain networks owing to the inclusion of circular economy practices has been observed as a major theme of research studies and literature. Supply chain operations are characterized by the elements of costs and throughputs which are furthermore associated with the concerns of two way interactions in the downstream as well as upstream. The implications of circular economy on the supply chain management could be perceived explicitly in the adoption of lean supply chain practices which is itself a notable deviation from the conventional practices of circular economy. Lean supply chain practices are characterized by systematic phases which enable the recognition of sources of waste and eliminate all forms of waste and can be applied in context of varying industries, organizations or supply chains (Qrunfleh Tarafdar, 2014). However, the efficiency of lean supply chain practices is limited on the grounds of the factors such as disruption of global markets and price volatility which has to be addressed through flexible methods that can be capable of addressing the impact of consistent disturbance. One of the profound aspects involved in the transition of conventional supply chain management to circular supply chain is associated with the extension of the time for which the material or product is used. Some of the examples of practices that could be observed in context of supply chain and operational management in a circular economy refer to the improvements in durability of products, production through assembling different parts of a product which can be reused later and increasing the consecutive cycles of repairing, recycling and refurbishing (Ross, 2015). Impacts of circular economy: The apprehension of the distinct impacts rendered by circular economy in environmental, social and economic contexts could be complemented by the support of the driving forces for the circular economy. The notable driving forces for circular economy have been identified in the possible opportunities for growth facilitated by the same. A circular economy is preferred on the grounds of beneficial outcomes such as reduction of waste, delivering higher competitiveness in the national economy, reduction of environmental impacts as well as the opportunities to address the concerns of resource scarcity. The characteristic identity of circular economy could be perceived in the particular aspects of circular design, core competences, circular design and factors for promoting cross-sector performance as well as cross-cycle performance and innovative business models. First of all, it would be essential to determine the economic opportunities facilitated by circular economy since it facilitates exploration of new and uncharted territories. The reduction of waste involved in industrial chain could be accomplished through reusing materials to the maximum possible limits that contribute substantially to the reduction of costs alongside limiting the dependence of organizations on resources (Schaltegger Burritt, 2014). Organizations could perceive that the benefits of circular economy are not limited to operational applications but also provide a strategic perspective which is aligned with the benefits of customers as well as the industry. Economic benefits are drawn primarily from the substantial net material savings, promotion of job creation and innovation opportunities, long term resilience in the economy, enhanced soil health and productivity of land and the depreciation in supply risks and volatility. The estimates pertaining to the circular opportunities in product segments such as FMCG cite the prolific aspects of circular opportunities leading to approximately $700 billion of savings in net materials annually. The residence of more than half of the global population in urban locations is a profound indicator of the opportunities that circular economy can provide to the social aspect (Schaltegger Burritt, 2014). The increasing urbanization is responsible for benefits for the costs of collection and treatment of end-of-use material and the asset sharing services. Apart from the social contribution in terms of job creation, circular economy is also characterized with opportunities for prominent impacts on environment as well. The particular emphasis on use of renewable resources, sustainable energy and the recycling of the materials could be assumed as a feasible indication of the reduction of ecological footprint of the organizations in a circular economy (Schnsleben, 2016). Circular economy in organizational context: The growth of the population on a global scale is indicative of a considerable rise in the share of middle class as well as the large scale reforms in consumption behaviour. The stance of Dell on the prospects of circular economy is clear as it has emphasized on the fact that every material holds significant value and the measures for designing out waste from the system. Furthermore, the organization is committed to ensure that the transition to a circular economy is characterized with flexibility alongside impinging on the aspects of productivity and effectiveness for customers (Simchi-Levi, Schmidt Wei, 2014). The commitment of Dell to customers and the planet could be explicitly perceived in the culture of Dell and can be assumed as a core dimension of its business operations. Furthermore, it is essential to observe that Dell has leveraged its technical expertise and resources to contribute maximum benefits for the society, environment as well as economy. A comprehensive review of the circular economy practices of Dell could be a viable opportunity to ascertain the economic, social and environmental benefits drawn by Dell alongside a promising impression of the circular supply chain of the organization. The core values of Dell have enabled the firm to maintain the emphasis on the complete lifecycle while designing products. The organization considers the distinct stages of product lifecycle such as reuse, recyclability and repairing in its product design to obtain the outcomes of flexible recycling options and smart material choices for customers. The closed-loop recycling of plastics is considered as a profound example of the organizations initiatives to realize the circular economy activities in its operational framework (Snyder, et al., 2016). The distinct stages of the closed loop recycling initiative of Dell include collection and recycling, sorting and shredding, mould and manufacture, assembly and shipment and the purchase and use. The closed loop recycling refers to the circular supply chain operations and the particular aspects of the recycling could be reviewed to obtain an impression of the environmental, social and economic footprint rendered by the organization. The closed loop recycling involves collection of plastic that has been recovered from technology which could be utilized again to improve the longevity of the plastics, reduction of costs and limit the carbon footprint. Furthermore, it can be perceived that Dell follows industry benchmarks and precedents to obtain certification of its circular supply chain practices and is one of the leaders in inducing circular economy practices (Swink, et al., 2014). The analysis of the net benefits earned from the closed loop approach exhibit potential indications towards the comparatively superior benefits of moulded plastic rather than the virgin plastics (Yinan, Tang Zhang, 2014). On the other hand, Dell has also extended the scope of circular economy beyond material choices and has implemented cloud services that are based on the principle of delivering technology to customers with the minimal use of resources. The concerns of access over ownership based business model which is prominently noted in circular economy could be observed in the applications of virtualization that enable customers to access newer technology without any requirement of ownership of new resources. Dell has been able to capitalize on technological features such as Internet of Things (IoT) successfully to obtain comprehensive integration of networking, cloud services, analytics, sensors and Big Data which could drive novel insights into the deployment of resources (To uboulic, Chicksand Walker, 2014). Some of the prominent examples of the initiatives of Dell to implement technology in realizing a circular economy could be observed in the smart grid technologies and The Pecan Street Project which are intended to communicate the intricacies of home energy usage in detail. The collaboration of Dell with Intel to set up the Internet of Things lab is a promising initiative for realizing circular economy practices that is characterized with the opportunities for customers to experiment with new ideas, solutions, product and software. Impact of circular economy on Dell: The initiatives for embracing circular economy followed by Dell are characterized with potential benefits for the enterprise, customers as well as the surrounding context of the organization. It is inevitable to consider that the circular supply chain followed by Dell in its production process is likely to generate profound benefits for the environment. The environmental impacts of disposing plastic waste generated from computers could be mitigated to a large extent due to the recovery and reuse initiatives followed in the circular economy practices. It has been estimated that the total volume of electronic waste generated in the year 2014 amounted to approximately 42 million tons and the predictions for the year 2017 are anticipated to be approximately 50 million tons. The reduction of toxic chemical exposure and improvement in soil health could be held accountable as major environmental benefits of circular economy for Dell (Vos Levering, 2016). On the economic front, the company could be able to obtain feasible reductions in costs of production alongside inducing opportunities for better product quality for customers. The improvement of product quality alongside ensuring minimal usage of resources is accountable for notable prospects in the economic aspect of Dells operations. The provision of the 2020 Legacy of Good Plan of Dell is considered responsible for the indications towards utilization of substantial volumes of recycled material as well as recovery of electronic waste (Yahaya, et al., 2017). The prospects of job creation that are associated with the circular supply chain of Dell involve the employment opportunities in the recycling, recovery and re-fabrication concerns of the supply chain. Furthermore, Dells circular economy initiatives are also inclined towards promoting innovation in terms of technology from the perspective of industry as well as customers which is a viable social benefit (Yang Wei, 2013). Conclusion: Apart from the promising aspects that are noted in circular economy for enterprises across a wide range of industries, it is also imperative to apprehend the path of transitioning into a circular economy involving recovery operations, reuse processing, controls and data security. The report highlighted a theoretical perspective related to the concept of circular economy and described the practical implications of the same in context of a real world organization i.e. Dell. The report emphasized specifically on the circular supply chain and its impact on the environmental, social and economic contexts of an organization which expand the scope of understanding for the reader. References Bichou, K., Bell, M. and Evans, A., 2013.Risk management in port operations, logistics and supply chain security. CRC Press. Carter, C.R., Rogers, D.S. and Choi, T.Y., 2015. Toward the theory of the supply chain.Journal of Supply Chain Management,51(2), pp.89-97. Chen, D.Q., Preston, D.S. and Swink, M., 2015. How the use of big data analytics affects value creation in supply chain management.Journal of Management Information Systems,32(4), pp.4-39. Chiu, C.H. and Choi, T.M., 2016. Supply chain risk analysis with mean-variance models: a technical review.Annals of Operations Research,240(2), pp.489-507. Dobrzykowski, D., Deilami, V.S., Hong, P. and Kim, S.C., 2014. A structured analysis of operations and supply chain management research in healthcare (19822011).International Journal of Production Economics,147, pp.514-530. Grant, D.B., Wong, C.Y. and Trautrims, A., 2017.Sustainable logistics and supply chain management: principles and practices for sustainable operations and management. Kogan Page Publishers. Holweg, M. and Helo, P., 2014. Defining value chain architectures: Linking strategic value creation to operational supply chain design.International Journal of Production Economics,147, pp.230-238. Ho, W., Zheng, T., Yildiz, H. and Talluri, S., 2015. Supply chain risk management: a literature review.International Journal of Production Research,53(16), pp.5031-5069. Kauppi, K., 2013. Extending the use of institutional theory in operations and supply chain management research: Review and research suggestions.International Journal of Operations Production Management,33(10), pp.1318-1345. Khajavi, S.H., Partanen, J. and Holmstrm, J., 2014. Additive manufacturing in the spare parts supply chain.Computers in industry,65(1), pp.50-63. Krajewski, L.J., Ritzman, L.P. and Malhotra, M.K., 2013.Operations management: processes and supply chains(Vol. 1). New York, NY: Pearson. Mafakheri, F. and Nasiri, F., 2014. Modeling of biomass-to-energy supply chain operations: applications, challenges and research directions.Energy Policy,67, pp.116-126. Markman, G.D. and Krause, D., 2016. Theory building surrounding sustainable supply chain management: Assessing what we know, exploring where to go.Journal of supply chain management,52(2), pp.3-10. McCormack, K.P. and Johnson, W.C., 2016.Supply chain networks and business process orientation: advanced strategies and best practices. CRC Press. Qrunfleh, S. and Tarafdar, M., 2014. Supply chain information systems strategy: Impacts on supply chain performance and firm performance.International Journal of Production Economics,147, pp.340-350. Ross, D.F., 2015.Distribution Planning and control: managing in the era of supply chain management. Springer. Schaltegger, S. and Burritt, R., 2014. Measuring and managing sustainability performance of supply chains: Review and sustainability supply chain management framework.Supply Chain Management: An International Journal,19(3), pp.232-241. Schnsleben, P., 2016.Integral logistics management: operations and supply chain management within and across companies. CRC Press. Simchi-Levi, D., Schmidt, W. and Wei, Y., 2014. From superstorms to factory fires: Managing unpredictable supply chain disruptions.Harvard Business Review,92(1-2), pp.96-101. Snyder, L.V., Atan, Z., Peng, P., Rong, Y., Schmitt, A.J. and Sinsoysal, B., 2016. OR/MS models for supply chain disruptions: A review.IIE Transactions,48(2), pp.89-109. Swink, M., Melnyk, S.A., Cooper, M.B. and Hartley, J.L., 2014.Managing operations across the supply chain(pp. 248-249). New York, NY: McGraw-Hill/Irwin. Touboulic, A., Chicksand, D. and Walker, H., 2014. Managing imbalanced supply chain relationships for sustainability: A power perspective.Decision Sciences,45(4), pp.577-619. Vos, B. and Levering, R., 2016. Organizational drivers and barriers of circular supply chain operations. Yahaya, C.K.H.C.K., Mustapha, J.C., Jaffar, J., Talip, B.A. and Hassan, M.M., 2017. Operations and supply chain mini simulator development as a teaching aid to Enhance student's learning experience. In7th Annual Conference on Industrial Engineering and Operations Management, IEOM 2017. IEOM Society. Yang, C.C. and Wei, H.H., 2013. The effect of supply chain security management on security performance in container shipping operations.Supply Chain Management: An International Journal,18(1), pp.74-85. Yinan, Q., Tang, M. and Zhang, M., 2014. Mass customization in flat organization: The mediating role of supply chain planning and corporation coordination.Journal of Applied Research and Technology,12(2), pp.171-181.

Managing Operations and Supply Chain †Free Samples for Students

Question: How Do Managing Operations and Supply Chain? Answer: Introduction: The dependence of a business on resources is not an unknown fact in context of business management. Research studies as well as literature have provided substantial indications towards the trouble that lies ahead for business organizations in the long run owing to the limited quantity of resource available for business. The consistent expansion of the ecological footprint of the world has led to the profound concerns pertaining to regeneration of the natural resources as well as ensuring sustainability. It can be profoundly noted that the linear framework for consumption and utilization of resources leads to the chances of detrimental risks for businesses as well as societies. One of the prominent examples that could be cited in context of the utilization of resources is the consistent depletion of precious metals from the earth crust due to the continuous mining that has been ongoing for almost 250 years (Bichou, Bell Evans, 2013). The limitations of resources, increasing volumes of pollution and waste alongside the formidable growth in population are considered as detrimental aspects for the society. Furthermore, these factors are also responsible for negative impacts from the perspective of business organizations on their competitiveness, sustainability and profits. The concept of circular economy had been introduced several decades back albeit coming into notice recently in major business as well as political agendas (Carter, Rogers Choi, 2015). Circular economy poses as a promising alternative to the conventional linear economy through the specific characteristic of effective utilization of natural resources which is also responsible for decoupling the economic growth from scarce resources. The effective utilization of materials is accountable for promising advantages such as safeguarding the environment as well as creation of additional value (Carter, Rogers Choi, 2015). The creation of more value for business organizations through effective utilization of natural resources is facilitated through cost savings and the development of new markets as well as expansion of existing markets. Therefore business organizations have apprehended the necessity to assume circular economy as a source for long term competitive advantage, sustainability and security rather than a mere illustration of trust and reputation of the enterprises. Company background: The company that has been selected in this report to describe the practical implications of the circular economy is Dell which is a prominently reputed name in the domain of consumer electronics. The company specializes in the provision of personal computers, laptops, computer accessories and tablet PCs with a wide ranging customer base comprising of general public as well as organizations. The organization was formed in 1984 and has come a long way to become one of the most recognized brand in the domain of computing equipment (Chiu Choi, 2016). The organization has been able to face competition from the notable names in the industry of computers with a notable achievement of being among the top three PC manufacturers in the world since 2001. The specific products which characterize Dells presence in the international computer industry include laptops which are improvised consistently on the grounds of better customer-device interface. PC models of Dell such as XPS have made a notable impression in the product lines of the company thereby implying the competence of Dell to sustain in the context of the industry of computers. Apart from the PC manufacturing sector, Dell is also recognized for a wide assortment of services such as storage solutions, systems management, OEM solutions and networking solutions which could cater the business management requisites of specific enterprises (Dobrzykowski, et al., 2014). The services for businesses provided by Dell are complemented with the efforts of expert and certified engineers which lead to provision of application services, re-hosting and support services. Over the years, the reputation of Dell has been primarily attributed to the clientele which comprises of popular names such as Intel, Sapient, AMD, NASCAR, Seagate and Google. Therefore, the significance of circular economy could be evaluated in practical context of the company which would be indicative of the effectiveness of operations and supply chain management of the organization thereby contributing to the prospects of sustainability for the company (Grant, Wong Trautrims, 2017). Circular economy: The active involvement of organizations in large numbers directed towards the resolution of issues pertaining to sustainable development has been improving recently. The preferences of organizations to realize sustainable development could be supported by the favourable implications of circular economy which are largely characterized by the effective utilization of resources. The effective utilization of resources refers to the activities of refurbishing, recycling and repairing of products and materials which could facilitate the option of attracting a sustainable future for the organization (Holweg Helo, 2014). Prior to the analysis of supply chain and operational changes introduced by the circular economy in case of a real world organization, it is essential to apprehend the concept of a circular economy and the main principles associated with it. The roots of circular economy could not be precisely apprehended since it cannot be attributed to a particular author or a specific origin date. However, the origins of the term circular economy could be traced back to 1970s owing to the efforts of innovators, academics and business personnel. The limitations of the linear economic model in realizing sustainability could also be associated with the concerns of increasing consumption that leads to substantial issues in the future. The production model developed in context of linear economy has been associated with limitations pertaining to sustainability due to the worldwide accumulation of waste as well as the escalating demand for raw materials. Some of the profound schools of thought that are used for describing the generic concept of circular economy refer to blue economy, performance economy, regenerative design, industrial economy and natural capitalism (Ho, et al., 2015). The key principles which could be associated profoundly with circular economy refer to renewable energy, thinking in cascades, development of resilience through diversity and designing out waste. Developing diversity could enable organizations to ensure varying approaches to utilize resources thereby improving the resilience of the organization to uncertain circumstances. The particular initiatives of organizations to find out the possible sources of waste generation and the amount of waste generated could be addressed through designing out waste. This would lead to the establishment of precise guidelines and controls for waste management thereby leading to the production of minimal volumes of waste. The requirement for dealing with the considerable depletion of finite resources could be addressed through the development of a new economic framework that could create value, facilitate profits alongside interconnecting the responsibilities intended for people, economy and the planet. The consistent surge in the activity of business managers and leaders in context of the development of collaborations and novel agendas that could address sustainable growth serves as an appropriate platform for the promotion of circular economy. Contemporary organizations face the considerable necessity to opt for a resource efficient economy in order to ensure sustainable profitability in the future (Kauppi, 2013). The concerns of organizations could be complicated further due to the issues such as volatility of raw materials and future prices as well as complex customer demands and competitive disadvantage. The definition of circular economy has been widely discussed in literature and research studies pertaining to the same with varying perspectives. On a generic basis the circular economy can be characterized by engagement of stakeholders across a wide assortment of industries that contributes to the stimulation of supply chains that can ensure maximum utilization of resources as well as value throughout the lifecycles of the resources. It is also essential to observe the environmental, social and economic costs of goods and services since they are integral elements of circular economy. The different aspects of circular economy are supported by the utilization of renewable resources, effective utilization of energy in production and delivery of goods and services, prevent negative impacts on water resources, safeguarding natural capital and minimizing the risks that arise in context of finite raw materials (Khajavi, Partanen Holmstrm, 2014). These aspects are responsible for stimulating innovation as well as creating prospects for sustainability in long term growth. The saturation that could be observed in linear consumption is liable for creating the need to form a novel economic framework. Furthermore, the strategic as well as operational benefits that are associated with circular economy create the need to reflect on the limitations of linear economy. Contradicting between the two types of economy could be apprehended as a profound element noticed in varying research studies and literature. The linear model of resource consumption as compared to a circular economy could be observed as a profound characteristic of industrial economy which has not changed considerably in the course of many years after varying levels of diversification and evolution. Linear economy is associated with the implications of enterprises dealing with applications such as harvesting and extraction of materials that can be used for manufacturing specific products. The product is sold to a consumer and is then discarded after fulfilling its purpose (Krajewski, Ritzman Malhotra, 2013). The expected figures pertaining to the investment of raw materials in the economic system by 2020 are estimated to be approximately 82 billion tonnes which is considerably higher than that of 2010 when almost 65 billion tonnes of raw materials were invested in the economic system. Supply disruptions and higher pricing of resources are the prominent risks for business organizations that have been identified in context of a linear economic system. The limited predictability of prices as well as the fluctuating increments in resource pricing has served as major pitfalls for business organizations alongside the stagnation of demand in particular sectors alongside the higher com petitive intensity. The contemporary economic scenario on a global scale can be characterised with the higher price volatility levels in particular segments such as food, metal and non-edible agricultural produce which was profoundly noted in the initial decade of the 21st century. Some other trends that can be noticed in context of linear economy could also validate the prominent implications for business organizations to prefer circular economy practices (Mafakheri Nasiri, 2014). The other indicators of inefficiency in the linear economic model refer to slower growth in agricultural productivity, risk to supply security and prominent issues pertaining to acquisition of valid opportunities to compete in certain local resource markets. Therefore, the concept of circular economy arises from the need perceived by managers in context of the pitfalls posed by linear economy (Markman Krause, 2016). The prominent limitations of linear economy are catered by the circular economy through decoupling the revenues from material input. Furthermore, it is also imperative to observe the distinct benefits rendered by a circular economy especially in context of economy, environment and society which differentiate it as a promising alternative to the linear economy. Supply chain and operation management in circular economy: The considerable emphasis on the recycling and reuse of end of use materials and products has been the keyword for business enterprises in the recent years leading to the formidable presence of circular economy. A circular economy enables organizations to revise their supply chain and operations management frameworks alongside providing additional dimensions in the supply chain. Circular economy has become a promising opportunity for ensuring business organizations are suitable for the competition and sustainability concerns in the long term (McCormack Johnson, 2016). The considerable initiatives from major brands such as Nike and Renault in different industries for development of circular products and services are a notable indicator of the changes in supply chain and operations of the enterprises. The understanding of the revision in global supply chain networks owing to the inclusion of circular economy practices has been observed as a major theme of research studies and literature. Supply chain operations are characterized by the elements of costs and throughputs which are furthermore associated with the concerns of two way interactions in the downstream as well as upstream. The implications of circular economy on the supply chain management could be perceived explicitly in the adoption of lean supply chain practices which is itself a notable deviation from the conventional practices of circular economy. Lean supply chain practices are characterized by systematic phases which enable the recognition of sources of waste and eliminate all forms of waste and can be applied in context of varying industries, organizations or supply chains (Qrunfleh Tarafdar, 2014). However, the efficiency of lean supply chain practices is limited on the grounds of the factors such as disruption of global markets and price volatility which has to be addressed through flexible methods that can be capable of addressing the impact of consistent disturbance. One of the profound aspects involved in the transition of conventional supply chain management to circular supply chain is associated with the extension of the time for which the material or product is used. Some of the examples of practices that could be observed in context of supply chain and operational management in a circular economy refer to the improvements in durability of products, production through assembling different parts of a product which can be reused later and increasing the consecutive cycles of repairing, recycling and refurbishing (Ross, 2015). Impacts of circular economy: The apprehension of the distinct impacts rendered by circular economy in environmental, social and economic contexts could be complemented by the support of the driving forces for the circular economy. The notable driving forces for circular economy have been identified in the possible opportunities for growth facilitated by the same. A circular economy is preferred on the grounds of beneficial outcomes such as reduction of waste, delivering higher competitiveness in the national economy, reduction of environmental impacts as well as the opportunities to address the concerns of resource scarcity. The characteristic identity of circular economy could be perceived in the particular aspects of circular design, core competences, circular design and factors for promoting cross-sector performance as well as cross-cycle performance and innovative business models. First of all, it would be essential to determine the economic opportunities facilitated by circular economy since it facilitates exploration of new and uncharted territories. The reduction of waste involved in industrial chain could be accomplished through reusing materials to the maximum possible limits that contribute substantially to the reduction of costs alongside limiting the dependence of organizations on resources (Schaltegger Burritt, 2014). Organizations could perceive that the benefits of circular economy are not limited to operational applications but also provide a strategic perspective which is aligned with the benefits of customers as well as the industry. Economic benefits are drawn primarily from the substantial net material savings, promotion of job creation and innovation opportunities, long term resilience in the economy, enhanced soil health and productivity of land and the depreciation in supply risks and volatility. The estimates pertaining to the circular opportunities in product segments such as FMCG cite the prolific aspects of circular opportunities leading to approximately $700 billion of savings in net materials annually. The residence of more than half of the global population in urban locations is a profound indicator of the opportunities that circular economy can provide to the social aspect (Schaltegger Burritt, 2014). The increasing urbanization is responsible for benefits for the costs of collection and treatment of end-of-use material and the asset sharing services. Apart from the social contribution in terms of job creation, circular economy is also characterized with opportunities for prominent impacts on environment as well. The particular emphasis on use of renewable resources, sustainable energy and the recycling of the materials could be assumed as a feasible indication of the reduction of ecological footprint of the organizations in a circular economy (Schnsleben, 2016). Circular economy in organizational context: The growth of the population on a global scale is indicative of a considerable rise in the share of middle class as well as the large scale reforms in consumption behaviour. The stance of Dell on the prospects of circular economy is clear as it has emphasized on the fact that every material holds significant value and the measures for designing out waste from the system. Furthermore, the organization is committed to ensure that the transition to a circular economy is characterized with flexibility alongside impinging on the aspects of productivity and effectiveness for customers (Simchi-Levi, Schmidt Wei, 2014). The commitment of Dell to customers and the planet could be explicitly perceived in the culture of Dell and can be assumed as a core dimension of its business operations. Furthermore, it is essential to observe that Dell has leveraged its technical expertise and resources to contribute maximum benefits for the society, environment as well as economy. A comprehensive review of the circular economy practices of Dell could be a viable opportunity to ascertain the economic, social and environmental benefits drawn by Dell alongside a promising impression of the circular supply chain of the organization. The core values of Dell have enabled the firm to maintain the emphasis on the complete lifecycle while designing products. The organization considers the distinct stages of product lifecycle such as reuse, recyclability and repairing in its product design to obtain the outcomes of flexible recycling options and smart material choices for customers. The closed-loop recycling of plastics is considered as a profound example of the organizations initiatives to realize the circular economy activities in its operational framework (Snyder, et al., 2016). The distinct stages of the closed loop recycling initiative of Dell include collection and recycling, sorting and shredding, mould and manufacture, assembly and shipment and the purchase and use. The closed loop recycling refers to the circular supply chain operations and the particular aspects of the recycling could be reviewed to obtain an impression of the environmental, social and economic footprint rendered by the organization. The closed loop recycling involves collection of plastic that has been recovered from technology which could be utilized again to improve the longevity of the plastics, reduction of costs and limit the carbon footprint. Furthermore, it can be perceived that Dell follows industry benchmarks and precedents to obtain certification of its circular supply chain practices and is one of the leaders in inducing circular economy practices (Swink, et al., 2014). The analysis of the net benefits earned from the closed loop approach exhibit potential indications towards the comparatively superior benefits of moulded plastic rather than the virgin plastics (Yinan, Tang Zhang, 2014). On the other hand, Dell has also extended the scope of circular economy beyond material choices and has implemented cloud services that are based on the principle of delivering technology to customers with the minimal use of resources. The concerns of access over ownership based business model which is prominently noted in circular economy could be observed in the applications of virtualization that enable customers to access newer technology without any requirement of ownership of new resources. Dell has been able to capitalize on technological features such as Internet of Things (IoT) successfully to obtain comprehensive integration of networking, cloud services, analytics, sensors and Big Data which could drive novel insights into the deployment of resources (To uboulic, Chicksand Walker, 2014). Some of the prominent examples of the initiatives of Dell to implement technology in realizing a circular economy could be observed in the smart grid technologies and The Pecan Street Project which are intended to communicate the intricacies of home energy usage in detail. The collaboration of Dell with Intel to set up the Internet of Things lab is a promising initiative for realizing circular economy practices that is characterized with the opportunities for customers to experiment with new ideas, solutions, product and software. Impact of circular economy on Dell: The initiatives for embracing circular economy followed by Dell are characterized with potential benefits for the enterprise, customers as well as the surrounding context of the organization. It is inevitable to consider that the circular supply chain followed by Dell in its production process is likely to generate profound benefits for the environment. The environmental impacts of disposing plastic waste generated from computers could be mitigated to a large extent due to the recovery and reuse initiatives followed in the circular economy practices. It has been estimated that the total volume of electronic waste generated in the year 2014 amounted to approximately 42 million tons and the predictions for the year 2017 are anticipated to be approximately 50 million tons. The reduction of toxic chemical exposure and improvement in soil health could be held accountable as major environmental benefits of circular economy for Dell (Vos Levering, 2016). On the economic front, the company could be able to obtain feasible reductions in costs of production alongside inducing opportunities for better product quality for customers. The improvement of product quality alongside ensuring minimal usage of resources is accountable for notable prospects in the economic aspect of Dells operations. The provision of the 2020 Legacy of Good Plan of Dell is considered responsible for the indications towards utilization of substantial volumes of recycled material as well as recovery of electronic waste (Yahaya, et al., 2017). The prospects of job creation that are associated with the circular supply chain of Dell involve the employment opportunities in the recycling, recovery and re-fabrication concerns of the supply chain. Furthermore, Dells circular economy initiatives are also inclined towards promoting innovation in terms of technology from the perspective of industry as well as customers which is a viable social benefit (Yang Wei, 2013). Conclusion: Apart from the promising aspects that are noted in circular economy for enterprises across a wide range of industries, it is also imperative to apprehend the path of transitioning into a circular economy involving recovery operations, reuse processing, controls and data security. The report highlighted a theoretical perspective related to the concept of circular economy and described the practical implications of the same in context of a real world organization i.e. Dell. The report emphasized specifically on the circular supply chain and its impact on the environmental, social and economic contexts of an organization which expand the scope of understanding for the reader. References Bichou, K., Bell, M. and Evans, A., 2013.Risk management in port operations, logistics and supply chain security. CRC Press. Carter, C.R., Rogers, D.S. and Choi, T.Y., 2015. Toward the theory of the supply chain.Journal of Supply Chain Management,51(2), pp.89-97. Chen, D.Q., Preston, D.S. and Swink, M., 2015. How the use of big data analytics affects value creation in supply chain management.Journal of Management Information Systems,32(4), pp.4-39. Chiu, C.H. and Choi, T.M., 2016. Supply chain risk analysis with mean-variance models: a technical review.Annals of Operations Research,240(2), pp.489-507. Dobrzykowski, D., Deilami, V.S., Hong, P. and Kim, S.C., 2014. A structured analysis of operations and supply chain management research in healthcare (19822011).International Journal of Production Economics,147, pp.514-530. Grant, D.B., Wong, C.Y. and Trautrims, A., 2017.Sustainable logistics and supply chain management: principles and practices for sustainable operations and management. Kogan Page Publishers. Holweg, M. and Helo, P., 2014. Defining value chain architectures: Linking strategic value creation to operational supply chain design.International Journal of Production Economics,147, pp.230-238. Ho, W., Zheng, T., Yildiz, H. and Talluri, S., 2015. Supply chain risk management: a literature review.International Journal of Production Research,53(16), pp.5031-5069. Kauppi, K., 2013. Extending the use of institutional theory in operations and supply chain management research: Review and research suggestions.International Journal of Operations Production Management,33(10), pp.1318-1345. Khajavi, S.H., Partanen, J. and Holmstrm, J., 2014. Additive manufacturing in the spare parts supply chain.Computers in industry,65(1), pp.50-63. Krajewski, L.J., Ritzman, L.P. and Malhotra, M.K., 2013.Operations management: processes and supply chains(Vol. 1). New York, NY: Pearson. Mafakheri, F. and Nasiri, F., 2014. Modeling of biomass-to-energy supply chain operations: applications, challenges and research directions.Energy Policy,67, pp.116-126. Markman, G.D. and Krause, D., 2016. Theory building surrounding sustainable supply chain management: Assessing what we know, exploring where to go.Journal of supply chain management,52(2), pp.3-10. McCormack, K.P. and Johnson, W.C., 2016.Supply chain networks and business process orientation: advanced strategies and best practices. CRC Press. Qrunfleh, S. and Tarafdar, M., 2014. Supply chain information systems strategy: Impacts on supply chain performance and firm performance.International Journal of Production Economics,147, pp.340-350. 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Kate Chopins Controversial Views Essays - Frdric Chopin,

Kate Chopin's Controversial Views "Too strong a drink for moral babies, and should be labeled `poison'." was the how the Republic described Kate Chopin's most famous novel The Awakening (Seyersted 174). This was the not only the view of one magazine, but it summarized the feelings of society as a whole. Chopin woke up people to the feelings and minds of women. Even though her ideas were controversial at first, slowly over the decades people began to accept them. Kate O'Flaherty Chopin was raised in St. Louis in the 1850's and 1860's. Chopin had a close relationship with her French grandmother which lead to her appreciation of French writers. When she was only five Chopin's father, Thomas O'Flaherty died leaving her without a father figure. Eliza O'Flaherty, Chopin's mother, was from there on the head of the household. Chopin grew up knowing that women could be strong and intelligent and that they did not have to be submissive creatures (Skaggs 2). She loved her mother and considered her "A woman of great beauty, intelligence, and personal magnetism" (Seyersted 14). Growing up around independent women, however, did not dissuade her from marriage. Her marriage to Oscar Chopin by all accounts was a happy one. Taking on the role of a high society lady as well as wife and new mother, Chopin fit in well with the New Orleans culture. She enjoyed the Louisiana atmosphere so well that most of her writings were based here. Chopin continued living in Louisiana raising her six young children until the sudden death of her husband brought her back to St., Louis (Skaggs 3). Oscar Chopin died while their youngest child, Lelia was only three. Soon after Chopin moved her family to St. Louis to be with her dying mother. In the grief of her losses Chopin had to rediscover who she was. This challenge came out in her writing of heroines searching for self-understanding (Skaggs 3). No longer Eliza O'Flaherty's daughter or Oscar Chopin's wife, Kate Chopin was forced to find a new role for herself. Her new role would be a writer. A few key figures in her life influenced Chopin to write. Doctor Frederick Kolbemheyer was a life long friend on whose support she always relied. Raised in Austria and then exiled for his beliefs, Kolbemheyer was a philosopher and encouraged Chopin to read Darwin, Haxley, and Spencer. Their beliefs were very similar and he must have supported her when she denounced the Catholic religion after her mother's death. The beloved friends wrote to each other often while Chopin was in Louisiana. Seeing the talent in her writing, Kolbemheyer encouraged Chopin to publish her letters. She admired him greatly and even named her son Frederick after him. (Taylor 147). There were three American women writers of the time that Chopin admired. When asked who would be a good model woman writer she responded, "I know of no one better than Miss Jewett to study for technique and nicety of construction. I don't mention Mary E. Wilkins for she is a great genius and genius is not to be studied." (Taylor 163). Wilkins's book Pembroke was condemned by society and Chopin must have been sympathetic when five years later her own book The Awakening was also condemned. Chopin also looked up to Ruth McEnery Stuart and praised her work as being "True to nature," and having a "wholesome human note" (Taylor 163). It is notable that later Chopin's talent and style were to be compared to the works of these women whom she admired. The greatest influence on Chopin was the French writer Guy de Maupassant. Chopin describes Maupassant by writing, "Here was a man who escaped from tradition and authority ... looked out upon life through his own being with his own eyes; and who, in a direct and simple was, told up what he saw." (Taylor 159). Chopin translated eight of his works and through him developed her style of writing. She shared his concept of a hero : "An isolated world-weary and misanthropic hero who revels in his own sensuality; who trusts in nature and distrusts human relationships, especially love; who experiences a sense of liberation through solitary walks and confidences in his writing... and who is strongly drawn to death as a solution to the repetitive meaninglessness of life's pleasures. (Taylor 160) This was the basic outline for the plot of The Awakening . The book starts with Edna, a New Orleans high society wife and mother who was miserable with her life. While spending the summer in Grand Isle, Edna meets Mademoiselle Reiz whose music is the only thing in which Edna finds happiness.

Essay on Potential Apple Investors

Essay on Potential Apple Investors Essay on Potential Apple Investors December 1, 2012 My invertors Investing corp. 3074 Chesterton Drive 43621 Illinois, Chicago Hello investors We all know why we are here: we love money. Now, you are here to potentially invest six hundred thousand dollars with me. I have been looking at two franchises to invest money in. I was looking at technology franchises because there's such a desire for electronic devices in today’s culture. My choices for looking at were between Apple and Best Buy. While Apple has been a growing market, Best Buy does have a variety of high quality products because they carry every line of gadgets. Unlike Best Buy, Apple is a market that focuses primarily on it’s own products. By doing this it actually has shown to be an advantage due to the fact that Apple primarily devoted to selling their product line. Though most BestBuy’s carry Apple products, Best Buy is merely a retailer for other companies. From looking at this I’ve determined that with your money invested with me, I will put it towards Apple. They have always been a successful and profitable corporation, and the te chnological advances since Apple’s release the original iPod has been remarkable. To reinforce my argument, I will also show you the comparisons between the Apple and Best Buy. Background/History Before I discuss my plans, I would like to inform you a brief history of these companies. Apple Inc. is an American corporation that designs and manufactures computer hardware, software and other consumer electronics. Apple was established on April 1st, 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne to sell the Apple I personal computer kit. Which at the time could not do what some calculators could do today. Company headquarters is in Cupertino, California, and CEO and co-founder was the late Steve Jobs. The company is best known for their Macintosh computer line, iPhone, iPad, iTunes, and the iPod. The company now boasts 321 retail locations that span fourteen different countries. Steve Jobs was said to own 45% of the company, Steve Wozniak with 45% and Wayne with the remaining 10%. While Jobs and Wozniak were young with little to no assets, Ronald Wayne was older with personal assets and was scared to put these at risk. This resulted in Wayne selling his share of the company b ack to Jobs and Wozniak for a reported $800. This is important to know because it shows what kind of a company it is, and how quickly it has turned around and grown exponentially. Today Wayne’s share of the company would be worth over $3 billion dollars. It is apparent the money that can be gained by investing with Apple Inc. Now onto Best Buy’s History. Richard Schulze, who specialized in electronics, founded the company. In 1966 he opened an audio specialty store called Sound of Music. Best Buy’s equipment was originally targeted toward college students who desired higher end electronics. However, due to increasing competition in the consumer electronics industry during the 1970s, Schulze realized his stores would have to adapt more to compete with his competitors. Over the forty years in business, Best Buy has grown to becoming one of the leading electronic stores. In 2009, Best Buy had revenues of more than $45 billion, and currently employs about 155,000 people. Plan Now here is what do I plan to do with your investment. Apple is the most successful company in the world who was led by a man who had one goal: Create a technology unlike anything that has ever been done. Steven Jobs’ first product was a simple processor for a computer, and before he died he brought his company from bankruptcy to the most successful company in the world. As my potential investors, I want to share the possibilities that Apple offers. My plans are to take your investment and discuss with Apple about a partnership and opening an Apple store. It would be a shared ownership. Number process for this is very simple. To break down further my presentation, first we have to buy the land with

Challenges in the Global Business Environment Essay - 1

Challenges in the Global Business Environment - Essay Example zation has false links with labor malpractices such as child labor, discrimination in providing health care to its staff, sweatshops and in addition, it is facing stiff competition from other organizations such as Pepsi (Starbard 2008 pg78). Competitors like Pepsi are introducing alternative beverages such as energy drinks, mineral water, fruit juice, and Gatorade. This has challenged coca-cola to diversify its products by introducing brands such as minute maid, mineral water, sprite among others. The coca cola business is truly global and consumers recognize its main brands globally. The organization has structured itself in such a way that reflects a global view. This is achieved by decentralization of operation and setting up of production plants in over 200 countries in the world. In 2001, Coca Cola Company restructured its business geographically in different operating stations all over the world. In this process, the organization renamed these centers and rebranded them. North America station changed to include; Puerto Rico, which was initially stationed in Latin America. Eurasia was changed to reflect Eurasia, Middle East, and Europe. Africa and Middle East also changed their name to coca cola Africa. The company essentially produces concentrate and syrup and sells them to bottling companies all over the world. The bottling and canning companies have the role of packaging and distributing final products. There is an agreement between the Coke Company and separate bottling companies on how to produce and sell coke products. The agreement authorizes the bottlers to produce and sell beverages bearing the trademark of Coke in identified countries and territories. Coke engage in business with three types of bottlers or contractors; bottling companies where the organization has invested in and has no controlling or management interest, bottling contractors where the organization has invested and has controlling intentions and finally bottling companies where

Corporate Repurchase Research Paper Example | Topics and Well Written Essays - 2000 words

Corporate Repurchase - Research Paper Example This is an indication of a growing business when people are buying business' stocks. The business growth benefits both, the owners, as well as the investors. In order to extend the stock fundraising, corporations repurchase their stocks. This process is commonly known as a 'corporate repurchase'. 'Repos', 'buybacks', 'reverse repos', 'or 'repurchase agreements' are also some terms implying the same process. (WiseGEEk, 2009) A repurchase agreement, also known as lending buyback occurs when all or some of the securities, comprising of bonds, stocks, or money markets; are sold by the corporation at a premium. The corporation agrees to buyback these securities later at a higher price. A repurchase agreement is very similar to a 'secured loan' in different ways as the securities are taken as collateral. Typically, the repayment takes place after a few months. This is the case of a short option loan. Long option loan, for which repayment can be prolonged up to two years, are not so common. (WiseGEEk, 2009) When corporations buy their own stocks from the general market or stockholders in a systematic fashion, it is called a corporate buyback. In order to cut down the costs of the repurchase agreement, the corporations can combine it with a corporate repurchase program. ... This is a possibility when there are two differing ideas. (WiseGEEk, 2009) A corporate repurchase program can strategically explain that a company thinks of its stock in the market as undervalued. When the companies offer a buyback plan, they are actually cutting down the amount of outstanding stocks, as corporate heads are allowed to buy stocks from stockholders. Thus, the stock price goes up. (WiseGEEk, 2009) A corporate repurchase may also be undertaken for other reasons. It can be used to offset the costs that are incurred when companies offer a compensation package to the workers. It may also be used to strengthen internal control. A company's stock earnings weaken when it is offering stock options or provides for a 401K. Stocks are brought back into the control of the company when a buyback occurs. The worth of stocks also increases for the existing stockholders. (WiseGEEk, 2009) A corporate repurchase can be carried out in several ways. For instance, existing stockholders can be consulted. An offer is made to them to purchase the stocks at a premium. Investors do not get much time to accomplish it. Another way of repurchasing stocks is by acquiring stocks on the market. This process takes a long time. Corporate repurchase is indeed a very effective way that enables businesses to purchase the company back from stockholders. If 100% of the company's stocks are bought back, the corporation may become private and abandon the public trade method. (WiseGEEk, 2009) Buybacks are a way of administrating the buyers' market. The process limits the stocks for investors. Supply and demand of stocks is controlled when a company engages in a buyback. A buyers' market is transformed into a seller's market as the