Supply Chain Management in Hospitality Sector Essay

Supply Chain Management in Hospitality Sector - Essay Example In a globe where products are copied approximately as soon as they are set up into the market, building and supporting spirited advantage is a main anxiety for today's CEOs. For this reason, there is a brawny link amongst how firms manage their people and the financial results achieved. Results from studies of five year staying power rates of initial public offerings; studies of output and stock price in large samples of corporation from manifold industries; and thorough research on auto, clothing, and other industries shows that substantial gains of about 40% can be obtained by implementing high performance management practices. An additional purpose of this paper is to increase about to happen into supply Chain ability and the factors that get better its growth. If members of a supply Chain are to flourish together they must admit that a learning environment improves the overall efficiency of the supply Chain as well as the aptitude of the entity members (Stump, R. L., 2001, 29-48) . One significant management practice for lots of companies is the association that they have by means of their suppliers. Supply Chain partnerships are relationships flanked by two or more self-governing entities in a supply Chain to achieve exact objectives. Basically, these partnerships are usually created to add to the financial and operational presentation of every channel. These objectives are talented from side to side reductions in total costs, reductions in inventories, and greater than before levels of shared information. Over a period of time these partnerships can develop and lead to better service, technological novelty, and product design. LITERATURE REVIEW 2.1 Introduction: The purpose of this chapter is to provide a summary as well as an interpretation from research findings of the secondary data, by books, journal articles, reports, electronic databases and websites in order to drown the literature. In addition, an in-depth analysis of the roles and purpose of the SCM in organizations in general will be included, how SCM assists in the organization and how SCM helps the organization strategy. Moreover, the research is concentrated on the SCM in Cyprus. Finally, some information about the SCM in hotels will be given. This chapter is very helpful in increasing the knowledge relative to the studying area since the results and the findings of the primary data will be related with the literature review. Therefore, the knowledge from literature review is going to provide a more professional research that will focus on the purpose of this research. Also, the purpose of this is to offer an overview of significant information published on the topic in order to narrow down the research questions to a specific, suitable form. 2.2 SCM an overview: From an academic perspective, SCM is still a relatively new term that is struggling to gain credibility and sit alongside more established disciplines (Marchington and Wilkinson, 2002). Nowadays, the SCM departments are necessary for

History of a food item Essay Example | Topics and Well Written Essays - 1000 words

History of a food item - Essay Example The name for the new beverage was proposed by John Pemberton's book keeper Frank Robinson. The pharmacist business met difficulties immediately: the same year was signed by a prohibition law that persuaded the chemist and unsuccessful businessman Pemberton to change his 'brand's' name and alter the formula for his commonly-used nerve tonic and headache remedy, 'Pemberton's French Wine Coca', offered by a number of drug stores. Thus, when the 'revived' coca-cola re-appeared in druggists', it possessed "the valuable tonic and nerve stimulant properties of the coca plant and cola nuts, yet sweetened with sugar instead of wine--Pemberton advertised it not only as a delicious, exhilarating, refreshing and invigorating" soda-fountain beverage but also as the ideal temperance drink" (Levenstein, 1993, p.152). Although the inventive pharmacist died just two years later, in March 1888 (Anderson, 1958), by that time he had created a corporation of the first coca-cola brand, concocted by his partners. On January, 1893, the formula was patented in order to protect intellectual property of the founders. And the coca-cola soft drink, whole unit sales totaled only 3,200 servings per day (ibid), is nowadays called the world's most widespread beverage, acknowledged and consumed in 195 countries. It is interesting to note that until the beginning of 1960s, countryside and big city inhabitants took their favorite beverages from the local soda fountains or ice cream saloons. These places served as meeting places for youngsters as well as seniors; but the rapid development of fast-food area and the area of bottled beverages was followed by the decline of popularity of soda fountain counters. Nevertheless, the status of coca-cola even benefited from this development, since small restaurants were so cozy and convenient that their customers took several servings of coca-cola for one person in order to stay there for a longer time. April 1985 was signed by a sensation: the 'New Coke' formula was released. This was called 'the trade secret release'. A trade secret is defined as information allowing an individual to make money, "because it is not generally known. A trade secret could be a formula, computer program, process, method, device, technique, pricing information, customer lists or other non-public information. If the economic value of a piece of information relies on it being kept private, it could be a trade secret" (Pendergast, 1993, p.208). As for coca-cola, its trade secret was a real miracle, and marketing and advertising techniques were concentrated (especially during the Great Depression, up to the 1970s) on the atmosphere of 'mystery' that covered the invention and the process of creation of the beverage (Belasco, 1988). This marketing campaign is ongoing, even though it has new shape nowadays. The research of the 1980s suggested that coca-cola is not exactly safe for human health, so the formula has been changed several times from 1987 up to these days. Being unable to create a 'healthy' image of the beverage, the marketers are now putting stress upon it's style and fashion, as the trade mark collaborates with several areas of sport and fashion industries. In addition, in order to meet the requirements of American youngsters, the company launched the production of 'Coca-Cola Vanilla', 'Coca-Cola Cherry' and 'Coca-Cola Light' (for those who follow low-caloric diets). The 1996 Summer