Business

Student’s Name Student ID Course Title Professor’s Name Date of Submission Revenue-sharing and Cost-sharing Contracts Question 1 A revenue-sharing contract is an agreement involving a retailer and a manufacturer where a retailer purchases every unit of a product at a wholesale price from a manufacturer and pays an additional percentage of revenue that the retailer generates to the manufacturer. These type of contracts are common in the video cassette rental industry. There are various advantages and disadvantages of revenue sharing for the manufacturer and retailer. The benefit of the revenue-sharing contract to the retailer is that he/she can get products at a reduced price. This...

Future of Technology in the Legal Industry Student’s Name Institutional Affiliation Future of Technology in the Legal Industry Law firms are among the areas which may be affected by the trends in the business information systems. Various trends in the information systems may affect the legal services provision in the next five years. One, the online legal services are among the trends that are expected in the laws firms within the next five years. Some of the services do not require the clients to visit the lawyers and hence can request the services from the far. For instance, LegalZoom offers the preparation of a will and creating a DBA online, and, therefore, the client pays less, and the...

Discussion Questions Name Institution Affiliation Question 9 It is noted that the longer the L1, the more time is taken by the system to allocate inventory for the need of the retailers to be accomplished through a cross-dock facility. If the L1 is longer, the system takes advantage of the concept of risk pooling (Simchi-Levi, Kaminsky & Simchi-Levi, 2008). And also the inventory total amount becomes smaller as the cross-dock facility gets closer to a retail outlet. Question 10 The two options are not very clear when selecting a supplier. This is because when safety stock is required, it depends on two factors, lead-time variance as well as the average. Therefore, as a retailer, my...

Challenges of a Centralized System Name Institutional Affiliation Challenges of a Centralized System Introduction A centralized distribution system in a warehouse means that the business maintains its inventory in a single warehouse as opposed to a decentralized system where each store keeps its own inventory. The centralized system approach does have benefits like quicker fulfillment of orders as well as more effective inventory control which lowers the average inventory level, compared to a decentralized warehouse system. However, the centralized approach also presents some disadvantages like inconsistent demand, difficulties in adapting to the local market and a lack of emergency...

Inventory Management Author Institution Inventory Management One of the methods that can be implemented to maximize profits is by focusing on the time it takes for the orders to be delivered after production process starts, that is called a lead time (De Treville 2014). An accurate lead time calculation ensures requests are made at the right time, therefore, keeping the inventory costs low. However, the lead time may either be more or less than the time estimated; this is referred as a lead time variability. When orders are made too early, it might result in excess inventory which can lead to increased cooling, storage, and insurance costs. Also, when deliveries are late, it might result in...

Rebates Name Institutional Affiliation Rebates Organizations that seek alternative marketing methods of their products utilize rebates. They provide highly attractive mechanisms to woo the clients. A significant advantage of rebates is that the partial reimbursement that the client receives is tax-free. It is more of a reduction of the price paid for a product. For instance, purchasing from HP will enable the customer to claim a refund from the company. For the manufacturer, the rebate is an ideal method for inducing the customer to try a company’s products. Through rebates, companies can increase their sales and visibility. Notably, Chen, Li, Rhee, and Simchi‐Levi (2007), also mentions...

KLF Central Warehouse Student’s Name Institutional Affiliation KLF Central Warehouse The presence of many warehouses in different regions has made the delivery process very long, and hence it takes a lot of time for a product to reach a client who has ordered it. Therefore, it is wise for the KLF Electronics to adopt a central warehouse where all the orders can be made. The new strategy needs improved logistics where the company should have many vehicles which can deliver goods to various cities near the central point. Also, the management needs to organize with various airlines that travel to different states so that they can deliver the products near to the clients within the stipulated...