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Aspects of supply chain management
Aspects of supply chain management
Aspects of supply chain management
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The problem that World’s Finest Chocolate has its related to “inventory”, most of the time they have a deficient of inventory on hand, therefore, the counts never match they are either too short or too much inventory in the production area. World’s Finest Chocolate was founded in 1939 by co-founder Ed Opler. World’s Finest Chocolate was originally situated outside of Chicago and later moved to the south side where they are celebrating their 79 anniversaries. World’s Finest Chocolate is a known fundraising company, their mission statement is: To deliver extraordinary value with fun and purpose. You may remember World’s Finest Chocolate from fundraising as a kid or because a gift was given to or from a loved one, World’s Finest Chocolate
During Valentine’s week alone, millions of pounds of chocolate candies alone are sold (“Who consumes the most chocolate,” 2012, para 8). This naturally creates a demand for product, which in turns causes a need for ingredients. The main component in chocolate, of course, is cocoa. Since Côte d’Ivoire provides 40 percent of the world’s supply of this crucial ingredient (Losch, 2002, p. 206), it merits investigation i...
Dickens uses verbal irony in his description of the Monseigneur’s chocolate ritual by showing that he must have four men prepare his hot chocolate. If only three men to prepare his hot chocolate it is difficult for him to swallow it. “Yes. It took four men, all four a-blaze with gorgeous decoration”(108). This quote shows how Monseigneur needs specifically four men because each man has one job it has to do like give Monseigneur a napkin, “presented the favoured napkin”(108). “Monseigneur could swallow many things with ease, and was by some few sullen minds supposed to rather be rapidly swallowing France” (108). Dickens uses irony to show the ridiculous situation of the ritual to how France is being destroyed. He uses this to show the contrast as a lord to a servant.
Before Milton Hershey had a world wide known chocolate business, he had a small, not so well known caramel business. Milton Hershey began his chocolate making business in 1893, when his father and him traveled to Chicago to attend a big job fair (Tarshis 14), but it wasn’t until 1900 when Hershey succeed in making the first milk chocolate candy bar (The Hershey Company). Hershey attended an exhibit hall of new and amazing inventions around the world at the fair in Chicago. As Hershey walked into the exhibit hall, he was struck by a delectable smell (Tarshis 14). “Hershey was already a leading candy maker. He had created the largest caramel factory in the country, but he became convinced that the future of his business would be chocolate. At the fair in Chicago, Hershey Bought chocolate-making equipment. He had it shipped back to his caramel factory in Pennsylvania. Then he hired two chocolate makers. Soon the company was churning out chocolate candies in more than 100 shapes” (Tarshis 15).
Market research and information about the industry is very important to the organization because it will allow the organization to position itself well in terms of sourcing chocolate raw materials and in identifying the market for its products. For example, understanding that some chocolate product purchases are seasonal, e.g., at Christmas; around Mother’s Day; and, on Valentine’s Day, allows the organization to have more product on hand and to create displays, in store, that will increase purchases and attract more customers when existing customers tell their friends about the availability of high end products, at reasonable prices, in their store.
Coe, Sophie D., and Michael D. Coe. The True History of Chocolate. 2nd ed. New York: Thames and Hudson, 2007. Print.
My favorite child hood snack was Hershey’s Cookies and cream white chocolate candy bar. I couldn’t get enough of them when I was younger. So I was thrilled with this assignment to see what ingredients this delicious candy contains. The five interesting ingredients I found in this candy bar is Vegetable Oil, Cocoa Butter, Folic Acid, Shea, and Corn Syrup.
The recent product, liquor filled chocolates, is a viable business that can sell if it is implemented professionally. This recent innovation should be able to acquire attention from the market owing to its combination of selling products. Put simply, the liquor-filled chocolates are chocolates that contain alcohol. According to Novellino (2011), chocolate-candy sales summed up to $16 billion in 2008 in the U.S. Furthermore, the statistics on alcohol reveals that liquor sales hit $19.9 billion in 2011.
This led him to create the Milton Hershey School, a private school that provides education to over 1,300 children annually. The Hershey’s company is a very successful company that all started because of one thing, Joseph R. Royer. His teachings of candy making, not his, allowed Milton Hershey to create Hershey’s. The article designated, “The Champion of Chocolate” states in paragraph 3, “At Royer’s Ice Cream Parlor and Garden, Milton learned the art of candy making and, within four years, was ready to strike out on his own.” In paragraph 11 of “The Champion of Chocolate” it states, “...the
(b) The inventory concepts discussed at the very beginning of the chapter correspond very well to Frito lay. Frito lay has the four main types of inventory discussed in the chapter for their manufacturing business processes. The snack company has a raw material inventory, a work-in-process inventory, an MRO (maintenance/repair/operating) inventory, and a finished good inventory. As a manufacturer of snack foods, Frito-Lay needs a raw material inventory in order to produce chips and their other products. The company has 5 basic raw ingredients—potatoes, corn, oil, seasoning, and packing. They must manage these inventories well in order to have plenty on hand to produce chips, but at the same time not so much that it costs them storages costs, and at the same time also not so little that they run out of materials and are waiting for a shipment of materials. A second type of inventory the company has is work in process (WIP), or snacks in process. For chips, as soon as the potatoes are peeled, they become
A large group of tourists overwhelmed the world renowned Californian candy factory, pushing and shoving each other in line attempting to grab the free candy given out from the candy conveyer belts. As people rushed into the factory’s main building, the workers discovered they had an extremely high demand for their illustrious chocolate mousse bars. Unfortunately, the candy equipment just started making the first batch of the chocolaty concoction. The workers decided to tell the tourists they’d get the first freshly made batch of the mousse bars.
DIVINE CHOCOLATE LTD., 2012. Annual Report 2009/10 [online]. Divine Chocolate Ltd. Available from: http://www.divinechocolate.com/sites/www.divinechocolate.com/assets/1703.pdf [Accessed 29 February 2012]
Take 5 was a chocolate bar that first produced by the Hershey Company in the 2004. It consisted of 5 components: pretzel, caramel, peanut butter, peanuts, and a chocolate coating. The Hershey Company was found by Milton S. Hershey in 1894. Its headquarters are in Hershey, Pennsylvania. Now Hershey is the largest chocolate producer in North America and a leader of chocolate industry in the world. It operates in 50 countries and employs more than 14,000 people worldwide. In 2013, Hershey’s total company revenue is about $7.0 billion, majority of that in domestic market about $4.7 billion. (Hester Jeon, 2013) Chocolate business unit and the sweets and refreshment business are the Hershey's two primary business units. Hershey owns more than 80 famous brand names including Hershey's chocolate bars, Hershey's Kisses, Reese's, Kit Kat, Twizzlers and so on. In last 5 years, the company is focused on expand its international markets share in different countries like China and Mexico while maintaining its markets share in North America.
Mondelez (Cabdury) India Foods Limited is the leader in Indian chocolate industry. Having begun its operations by importing chocolates in 1948, it now has manufacturing facilities across India. The largest near Hyderabad has an investment of $200 million (The Economic Times, 2014).
J.H. Whittaker and Sons is a confectionery company based in the Wellington suburb of Porirua. Whittaker’s long history in New Zealand has made the company stand out from other companies of its kind and the business has remained both family owned and operated since it was established in 1896. (Whittakers, 2011) Whittaker’s is renowned for the production of its superior quality chocolate products, with over ninety products in the Whittaker’s range currently for sale on shelves around New Zealand. Whittaker’s is a big player in the national confectionery market, currently holding more than a third of the New Zealand chocolate market share. (Crossley, 2013). In addition to its production of chocolate confectionery, Whittaker’s product range also includes a selection of ice creams and chewy confectionery bars.
It is a difficult task to choose a movie from a gigantic cinematographic industry but it is much more difficult to accomplish a detailed analyze of it. It is difficult to select because not only there are many good movies but also they vary in different genres and subjects. The degree of difficulty starts to increase in the view of fact of performing a professional detailed analyzes. It looks like, the movie “Forrest Gump” is produced specifically to make the solving of this puzzle easier. The viewer through the movie’s suspense could cry, laugh out loudly and find pieces of his or her life in it even though it is a fictional artistic creation. The protagonist of the movie “Forrest Gump” not only participates actively in historical events of America but also meets personally the artistic and political personalities of that time. All the elements of movie, such as artistic, literary, musical, or cinematographic focus on a weird protagonist but a brilliant idiot, who through a metaphoric interaction with a feather not only opens and closes scenes of the movie but also amplifies the main message for the audience. Despite the fact that the human destiny is predicted or not a person should live like a feather, floating in the air because life is like a box of chocolates that no one knows what it has inside. It is this message that Forrest gives in similar way with a randomly floating of feather on a breeze. While Forrest tells the story, the viewer feels suspense because he does not really know the tale direction until Forrest tells it.