Wednesday, December 25, 2019

Supply Chain Management And Malaysian Palm Oil Industry

This Piece of Essay will show in depth that what is meant by â€Å"Sustainable Supply Chain Management† and its relation to Malaysian Palm Oil industry. The use of Supply chain management in Malaysian palm oil industry and diverse areas will be discussed. Further discussing what businesses and managers should consider utilising Malaysian palm oil like the challenges and downstream issues. This will be linked with different perspective like diverse workforce, issues of social responsibility and challenges of leadership. Then further discussing ethical responsibilities of consumers of palm oil industries. â€Å"Sustainable Supply Chain Management and Malaysian palm oil industry† â€Å"The best companies around the world are discovering a powerful new†¦show more content†¦The manufacturer (whether he is a manufacturer of a product or a provider of any service) keeps these people in mind while producing his commodity so that these people are satisfied by the product which is being sold to them. Their satisfaction is known as consumer satisfaction and if they are satisfied then profits for the firm become quite inevitable (Lambert, 2005). The rationale behind this is very simple as your consumer becomes more satisfied, he will become more loyal to your product and will prefer to purchase your product only and the priority over other competitors will be set on your product. SCM is a dynamic concept, it doesn’t necessarily move in the same direction. It can be upstream and it can be downstream as well. Supply chains are not supposed to be considered linear every time (GarcÄ ±a-Dastugue, 2003). Upstream chains talk about those links which are com ing into the organization and it could be in the form of raw materials or any sort of necessary information that is produced by the firm and then going outside (Simatupang, 2005). On the contrary, it can be downstream where finished goods are taken out of the organization. Downstream chains are those links through which the information or the product is taken out of the organization and it will be provided to its stakeholders (Halldorsson, 2007). The beauty of this concept can only be seen if the link is two-way. By a two-way link what we mean is that if some sort of information is transmittedShow MoreRelated SWOT Analysis of Sime Darby Company in Indonesia, Malaysia1975 Words   |  8 PagesCompany Background Almost 200 years ago, pioneering English planters established rubber plantations in Malaya, most of which later converted into oil palm. These pioneers were Alexander Guthrie, Daniel and Smith Harrison, Joseph Crosfield, William Sime and Henry d’Esterre and Herbert Mitford Darby – founders of three companies that makes Sime Darby Berhad today. The below table shows the three entities and their trades. (Sime Darby Online, 2014) These three entities merged in November 2007 to formRead MoreComparative Annual Report7272 Words   |  30 Pagespurpose of this project is to analyze the annual reports between two industries. For our project paper, we have focus on services and plantation industries and compared two annual reports for the year 2009 between DRB-HICOM BERHAD and TRADEWINDS PLANTATION BERHAD respectively. This comparison would describe about these two industries; what is the similarities disclosure and differences disclosure between services and plantation industries besides the implication of disclosure and presentation of financialRead MoreAnalysis of Ioi Corporation Berhad Performance Based on 5 Years Financial Report4727 Words   |  19 Pagesof IOI Corporation Berhad The group’s principal activity is manufacturing of oleo chemicals, palm oil refinery and palm kernel crushing. However, IOI divide their group activities into 5 segments; Plantation, Property Development, Property Investment, Resource-based Manufacturing, and Other operations segment. Plantation segments focus in cultivation of oil palm and rubber and processing of palm oil. Property Development is engaged in the development of residential and commercial properties. InvestmentRead MoreTan Sri Lim Goh Tong Biography7572 Words   |  31 PagesMr Tan Sri Lim Goh Tong History Tan Sri Lim Goh Tong (February 28, 1918 – October 23, 2007) was well-known for wealth as Malaysian Chinese businessman. He was recognized for his vision and courage in converting Genting Highlands from an unfamiliar hilltop to one of the worlds most successful casino resorts. He was once the 3rd richest man in Malaysia with a net worth estimated to be 4.2 billion USD, making him the 204th richest person in the billionaire list compiled by Forbes. AndRead MoreTan Sri Lim Goh Tong Biography7565 Words   |  31 PagesMr Tan Sri Lim Goh Tong History Tan Sri Lim Goh Tong (February 28, 1918 – October 23, 2007) was well-known for wealth as Malaysian Chinese businessman. He was recognized for his vision and courage in converting Genting Highlands from an unfamiliar hilltop to one of the worlds most successful casino resorts. He was once the 3rd richest man in Malaysia with a net worth estimated to be 4.2 billion USD, making him the 204th richest person in the billionaire list compiled by Forbes. And to hisRead MoreResearch on Dalda Cooking Oil8217 Words   |  33 Pages |PAGE No | |INTRODUCTION | 2-4 | |Pakistan Edible Oil Industry Overview |5-6 | |Introduction History Of Dalda |5-6Read MoreEvaluating External Environment and Business Ethics: Samsung in Malaysia Case Study4568 Words   |  18 Pagesengineering for exports in Peninsular Malaysia during the 19th century, by 1883 Malaysia had turned into the biggest tin creator in the world (Miller, J. A., 2002). By the end of the 19th century, it was providing approximately 54% of the worlds tin. Palm oil and rubber are also important exports during this period. Samsung: Executive Summary Samsung Electronics was a company that had been established around the yard of 1969 and became an organization that was effectively industrialized its own productsRead MoreKFC ASSESSMENT4269 Words   |  18 Pagesï » ¿Table of content Introduction KFC is the largest and most famous brand in the quick service restaurants of the fast food industry in Malaysia. The firm opened its first outlet in Jalan Tungu Abdul Rahman in 1973. Today the firm boasts 390 restaurants nationwide and controls 35% market share of the fast food industry in Malaysia. Source: http://www.kfcholdings.com.my/English/Flashsite/BusinessUnits/Restaurants_KFC.asp Company vision: â€Å"To be the leading integrated food services groupRead MoreGreen Incentives in Malaysia3216 Words   |  13 Pagescountries such as UK, Japan have implemented strict environmental policies to enhance the quality on the environment and to preserve the sustainability of its resources. It is viewed that Malaysia’s effort has been marginal in achieving effective management of resources, pollution control and prevention of environmental degradation. Tax Incentives ENERGY Energy sector is one of the target sectors of Green Technology under the National Green Technology Policy. Various attractive incentives are givenRead MoreInternational Trade And The Uk4694 Words   |  19 PagesBeing an open economy also means that people from foreign countries can come to the UK and open their own business and start trading (Gabriele Giudice, 2012). The Malaysian conglomerate Sime Darby offered to buy New Britain Palm Oil and because they are offering to buy a company in the UK they can bring palm oil into the UK. Palm oil has a high demand so buying this company will enhance the GDP in the UK and also create jobs. 1.2 Comparative advantage is when an individual or company is made to

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.