LG Electronics and The Use of SCM Software Article

LG Electronics and The Use of SCM Software - Article Example The present research has identified that LG requires constant supplies of the goods that it produces in order to fulfill customers’ needs. In order to facilitate this process efficient and effective management of the supply chain is extremely important. Therefore, effective organization of all parties involved in the supply chain is critical as a result of their role in adding value. In fact, Christopher indicates that a supply chain is a network that consists of various organizations that play a part in performing processes and activities that adds value to product or service in the hands of the consumer. In order for all parties to achieve competitive advantage in the process, the flow of inputs and components from suppliers to LG’s operations has to be managed in such a way as to facilitate the minimization of inventory holding cost and the maximization of inventory turnover. The need for the use of technology to drive improvements and the use of SCM software cannot be ignored. Management of the supply chain is crucial to the success of businesses that manufacture goods and the internet plays a very important role in this regard. LG Electronics, Inc is a producer of consumer electronics, mobile communications, and home appliances. The company’s operations consist of four distinct business units – home entertainment, mobile communication, home appliance, and air conditioning and energy solutions. LG also has an international presence consisting of 117 operations. Worldwide sales in 2011 were USD 49 billion. In order to increase efficiency and effectiveness, LG has consistently sought to improve its competitiveness by improving the management of its supply chain. This article focuses on LG’s operations in India and its use of information technology to improve the management of its supply chain worldwide.

Fundamentals of Leadership - BMW Case study Coursework

Fundamentals of Leadership - BMW Case study - Coursework Example The focus in this paper is on BMW as the most important competitor in the global automotive industry; the organization’s employees, for 2010, have been estimated to 95,453. The organization operates in about 34 countries. The success of the organization in the global market has been related to the leadership style of its leader, Joachim Milberg, who was appointed as the firm’s CEO in 1999. Milberg initiated the restructuring of organization’s operations promoting the alteration of organizational values and mission. The leadership style of Joachim Milberg is presented and evaluated in this paper; the trait leadership theory is used for explaining the success of Milberg as the leader of BMW. Other leadership theories, such as the Blake and Mouton’s Leadership Grid, the team leadership theory of Hill and the Skills approach of Katz have been employed for evaluating the characteristics and the effectiveness of leadership in BMW, as reflected in the continuous development of the organization in the global market. It is made clear that in BMW leadership has been used not just for developing effective organizational strategies but also for improving communication and cooperation across the organization; in other words, in BMW leadership has been a framework for supporting the transformation of the organization to a highly competitive one but also for enhancing the team working and the participation of employees in key organizational plans. 2.0 Leadership in BMW – Presentation and analysis 2.1 Evaluation of Joachim Milberg as a leader – leadership theory Joachim Milberg can be characterized as an exceptional leader. Since his appointment as the leader of Milberg, in 1999, Milberg managed to significantly improve the company’s performance, a target which was mainly achieved by emphasizing on the openness of the organization and the respect to the perceptions