Questions
Managing the effectiveness and value of the supply chain has become a top priority. Supply chain...

Managing the effectiveness and value of the supply chain has become a top priority. Supply chain management focuses on aligning people, processes, information, and technology to a common set of goals and objectives across the supply chain of products and services to meet the needs of all industries, companies will drive increased profitability and efficiency.    

In 2002, discount stores such as Kohl's, Target, and Wal-Mart were recording strong sales, while Kmart Corp.--the granddaddy of them all declared bankruptcy. Several factors contributed to the downfall, but one of the biggest is that Kmart didn't compete on price, a failure some attribute to its inability to master supply-chain technology and, consequently, benefit from supply-chain efficiencies. For instance, unlike Kmart, Wal-Mart used E-business system to regularly communicate sales and inventory data from every store to thousands of suppliers and buyers and deploy a private trading hub to consolidate its purchasing globally and bring suppliers online to bid on contracts--all part of a plan to lower costs and pass on savings. Promotions almost never caused problems for Wal-Mart because of its tight links with suppliers. As a result, Kmart's consumers often found that the sales merchandise and/or merchandise that were part of a promotion, was often out of stock when they reached the store.     

  • If you were advising Kmart's CEO, what changes (in your own words) would you recommend to help Kmart become more profitable?     
  • Given your answer to (1), explain how your recommended changes would help Kmart become more profitable and a more viable competitor to stores like Wal-Mart.    
  • Please compose your answers as if you were advising a real - CEO

In: Accounting

a critical essay, investigate the dynamics OPEC has faced in the global market in the last...

a critical essay, investigate the dynamics OPEC has faced in the global market in the last ten years. You may select a member country and analyze the effects from the perspective of that jurisdiction. Support your findings with additional academic references.

In: Economics

Research the accounting profession and choose three possible career paths that interest you. Describe those careers...

Research the accounting profession and choose three possible career paths that interest you. Describe those careers and why they are of interest. Your initial post should be 250-500 words and should demonstrate solid academic writing skills.

In: Accounting

Select any two countries and using the academic literature examine the impact of cultural differences on...

Select any two countries and using the academic literature examine the impact of cultural differences on the negotiation process. Outline the cultural characteristics of each country and then provide a comparative analysis of how these cultural characteristics impact upon how they negotiate.

In: Economics

(APT model)Fama and French rationalise their SMB and HML factors as reflecting the extra riskiness of...

(APT model)Fama and French rationalise their SMB and HML factors as reflecting the extra riskiness of small stocks and low price-to-book value stocks respectively. Do you feel that this explanation is convincing? (give academic support or example)

In: Finance

Academic research paper about alternative healing modalities through the lens of their respective liberal studies concentration....

Academic research paper about alternative healing modalities through the lens of their respective liberal studies concentration.

method of analysis, and results/discussion sections.

Base on African American cultural background, social position, values of low income

In: Nursing

The complete title of Moliere’s most famous play is Tartuffe, ou l’Imposteur, or in      English, Tartuffe,...

The complete title of Moliere’s most famous play is Tartuffe, ou l’Imposteur, or in      English, Tartuffe, or the Imposter. But in the play, and in academic criticism, the title       character is referred to as a hypocrite. Explain the difference between a hypocrite and an      imposter, relating these ideas to Tartuffe, the character.

In: Psychology

What is the Formal Structure of the Organization and how is the change of environment going...

What is the Formal Structure of the Organization and how is the change of environment going to impact how work is organized and coordinated? Describe how this will look as an Organizational Design for the future. Please provide academic references and scholarly insight to support your suggestions.

In: Operations Management

What is the Formal Structure of the Organization and how is the change of environment going...

What is the Formal Structure of the Organization and how is the change of environment going to impact how work is organized and coordinated? Describe how this will look as an Organizational Design for the future. Please provide academic references and scholarly insight to support your suggestions.

In: Operations Management

2. Identify the fraud risk factors posed by DHB for its independent auditors. Which of these...

2. Identify the fraud risk factors posed by DHB for its independent auditors. Which of these factors, in your opinion, should have been of primary concern to those auditors?

3. During the 2004 DHB audit, the company’s independent auditors had considerable difficulty obtaining reliable audit evidence regarding the $7 million of obsolete vest components that allegedly had been destroyed by a hurricane. What responsibility do auditors have when the client cannot provide the evidence they need to complete one or more audit tests or procedures?

4. What responsibility, if any, do auditors have to search for related-party transactions? If auditors discover that a client has engaged in related-party transactions, what audit procedures should be applied to them?

5. Compare and contrast the internal control reporting responsibilities of the management and independent auditors of public companies.

6. What potential consequences do frequent changes in auditors have for the quality of a given entity’s independent audits? Identify professional standards or other rules and regulations that are intended to discourage auditor changes or provide disclosure of the circumstances surround them.

7. David Brooks apparently made threatening remarks to certain of his company’s independent auditors. What actions should auditors take when they are the target of hostile statements or actions by client executives or employees?

8. Does the SEC have a responsibility to protect the investing public from self-interested corporate executives? Do professional auditing standards or other rules or regulations impose such a responsibility on independent auditors?

9. The audit committee of DHB Industries was criticized for failing to carry out its oversight responsibilities. What are the primary responsibilities of a public company’s audit committee?

In: Accounting