Purchasing and Supply Chain Management Pricing Decision

Week 4 Assignment Pricing Decisions BUS 612-Advanced Project Procurement October 01, 2012 Pricing Decision One of the most important and complex decisions a firm has to make is how much to pay for its items and services. The buying professional should be able to detect easily exceptionally high prices. Thus, it is necessary to give meticulous consideration to pricing decision when buying products and services. Pricing is one of the most important decisions a marketer makes regarding a product since price plays a crucial role in competitiveness and consumer demand. Marketers must determine price at the initial stage of a product s life and re-evaluate pricing to manage the delicate balance between production and profits (Benton,†¦show more content†¦371). Company Using Purchasing Strategy Dell is a company that has used a purchasing strategy to improve the financial impact of the company. Historically, prices were determined through bargaining or negotiations between buyers and sellers. Different prices were set based on the buyer needs and bargaining skill. The establishment of one price for every customer is relatively new phenomenon that came about with the rise of retailers but price still remains a major factor in affecting consumer-buying decisions. The ability of price to affect consumer decision and its flexibility makes pricing strategies important in meeting Dell’s objectives in a competitive environment (Dell 10-K, 2005). The main objective of Dell is to produce the low price and profitable notebook for the customer. For Dell Company, all the prices that they sell are posed to the internet and that is usually based on the e-commerce market (eweek, 2001). The main reason for successful pricing strategy is having a reasonably precise idea of supply and demand. Dell Company has set different types of pricing based on the home user, small business user and medium or large business user. The pricing structure changes as the products move through their life cycle. Dell is the low-cost leader in the industry. Dell’s highly efficient supply chain management and manufacturing organization, efficient directShow MoreRelatedFord Implementation of Virtual Integration: A Push Pull Strategy.1587 Words   |  7 Pagesset forth goals to compete with the expansion of foreign-based auto manufacturers globally. The goal of Ford 2000 is to continue to improve quality and reduce cycle times by finding ways to improve processes involving all stakeholders within the supply chain and the company itself. The key to achieving this goal lies in the ability to take advantage of the Ford Company’s size and global presence to invest in information technology. 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MS6323 Strategic Sourcing and Procurement KK Lam Week 1a Summer 2015 2 What is purchasing? Or Part of Supply Chain (Manufacturing) Perspectives on purchasing 1 As a function – To perform specialised tasks 2 As a process – To achieve an output 3 As a link in the supply chain 4 As a relationship 5 As a discipline – Knowledge based 6 As a profession – Demonstrable skills and knowledge – With production and warehousing – Internal and external focus 3 SCM activities

Discovering Las Vegas’ Vibrance and Orlando’s Magic Free Essays

Life can be so dreary if you just wallow in work all the time. For all you know, you might be burnt out and this has caused you to be irritable and looking stressed because of the drudgeries of daily routine. Being burned out is more than just a feeling; it is a condition. We will write a custom essay sample on Discovering Las Vegas’ Vibrance and Orlando’s Magic or any similar topic only for you Order Now Being burned out implies that one is totally exhausted, both physically and emotionally, and that rest, recuperation, or vacation can be a key to ease you out of it. Actually, we need not to go far to have a vacation. Las Vegas and Orlando are two of the most visited cities to have a vacation. Thus, we will try to evaluate the ups and downs of having a vacation in Las Vegas and Orlando by browsing through articles that feature these cities. Anyone might have known Las Vegas because it is constantly represented in movies as a site for gambling and shotgun weddings. In addition to what Las Vegas is known for, it is also city renowned for its desert resort getaways. When a visitor wants get into the city’s hub, â€Å"The Strip† is the answer. â€Å"The Strip† is lined with dazzling luxury hotels, casinos, and nightclubs that offer not just gambling, but also exotic entertainment. In fact, when anyone visits â€Å"The Strip†, it would summon memories of movie scenes as it stretches along part of Las Vegas Boulevard South, where buildings are known for its dazzling neon signs, psychedelic electronic billboards and spectacular interiors (Encyclopà ¦dia Britannica Online, 2007). Sanchez (1999) shared that there are two parts to the state and Las Vegas. There’s the Old West, with its morals and values: you shoot a burglar. If he falls inside your home, you’re okay; if he falls on your lawn, you’re in trouble. The other part is the casinos. Las Vegas is totally about money. The streets are truly paved with gold. They [the usual â€Å"they†, the people who run things] only want people to know about the Strip. Off the Strip, there’s nothing to do. They want people to drop ten thousand dollars and come back later trying to win it back. Casino profits go up and up. They showed us the records at school. There’s never a dip. But it’s a camouflage. Without casinos, Las Vegas will be like Austin, Texas. We’d be lame, but a town, a community. We’d be a little town in the desert. But the Las Vegas mentality is â€Å"We’re the whole state†. Clark County became our state, and we let the casinos take care of us (Sanchez, 1999, p. 92). But there’s more to casinos and weddings in Las Vegas, according to Rosenthal and Renaud (October 2005) in Shape magazine, one can visit an oasis in the luxurious Green Valley Ranch Resort, Casino ; Spa. They suggested that the stay there is â€Å"all about understated elegance†. The resort is a â€Å"full-fledged Las Vegas-style casino hotel without the over-the-top theme-park decor, it’s an easy 10-minute cab or shuttle ride to action on The Strip†. However, Rosenthal and Renaud (October 2005) assured travelers that they will be tempted to â€Å"stay put and enjoy the array of restaurants, gaming action and luxury treatments and activities at the spa and fitness center†. For health buffs, Rosenthal and Renaud (October 2005) warned that although self-control can be challenging amidst the flashing neon signs that are tempting you toward â€Å"all-you-can-eat buffets and free drinks†, both authors suggested that they could visit the Little Buddha at the Palms Casino Resort, located at 4321 W. Flamingo Road. According to Rosenthal and Renaud (October 2005), â€Å"the restaurant is done up in sexy shades of red†, and â€Å"the dà ©cor is opulent, with massive Buddha statues and velvet stools lining the restaurant’s glowing bar†. On weekends, visitors can â€Å"feast upon light yet flavorful sushi and other pan-Asian treats while a DJ spins world music†. Another place that Rosenthal and Renaud (October 2005) recommended is the Red Rock Canyon. Situated accessibly in a 25-minute drive west of the neon glares of â€Å"The Strip†, they described Red Rock Canyon as a â€Å"Mojave Desert conservation area where petrified dunes, arches and cliffs come in a stunning palette of colors†. According to Rosenthal and Renaud (October 2005), â€Å"there are more than 30 miles of hiking trails† and they recommended to trek the â€Å"moderate six-mile White Rock loop past trickling springs and rock formations†. They also advised that to watch out for some desert tortoises, wild burros and red-tailed hawks that could be encountered in the trail. Of course, visitors are advised to bring ample amount of water when visitors decide to choose this kind of adventure. On the other hand, the mention of Orlando invites us to think of one word: Disney. Anyone might not be surprised that the Disney complex alone covers 47 square miles (122 square km). Several large resorts are not the only exciting attractions that Disney offers, any visitor would marvel at â€Å"the Magic Kingdom, Epcot, Disney-MGM Studios, and Animal Kingdom†. Also in the greater Orlando area are â€Å"Universal Orlando (with the Universal Studios and Islands of Adventure theme parks), Sea World of Florida (a marine-animal park), and Wet ‘n Wild (a large water park)†. In addition, Lack Haven Park contains art, science, and history museums. Gatorland, just to the south, is home to alligators and crocodiles (Encyclopà ¦dia Britannica Online, 2007). In Hagaman’s article (1998) about Orlando in the PSA Journal, she suggested that aside from Disney, any visitor can also experience the glamor of Hollywood while staying at the doorstep near Universal Studios, Florida, where they could stand at awe with the likes of Jaws, King Kong, Woody and Winny Woodpecker and other characters â€Å"just waiting to give you a thrill and photo opportunities†. Hagaman (1998) also recommended having fun beneath â€Å"swaying palm trees in the heart of America’s vacation fantasy land† because â€Å"visitors always enjoy Orlando’s splendid weather and natural beauty†. Hagaman (1998) cited that the opening of Cypress Gardens in 1936 marked the beginning of a new era in Central Florida, where any visitor can marvel at the new Birdwalk Aviary, composed of five new animal habitats. The list goes on as Hagaman (1998) cited other places of interest like the Butterfly Conservatory, European acrobatic acts, floral festivals, and a new fast-paced and thrilling water ski show†. The Cypress Gardens is situated 22 miles south of I-4 be tween Orlando and Tampa. Hagaman (1998) also prided that Orlando has treats for history lovers. She assured visitors will bask in a â€Å"magical evening in a medieval castle at King Henry’s Feast†. King Henry’s Feast features a banquet and show that compose of â€Å"a bountiful four-course dinner while special royal entertainment and amazing death-defying feats are performed right before your eyes. Tankards of beer, wine and soft drinks are included with dinner†. Hagaman (1998) informed that King Henry’s Feast is in Orlando.   Another recommended attraction by Hagaman (1998) is located near Kissimmee, where visitors would have the feel of traveling back to the days of yore at Medieval Times. Hagaman (1998) revealed that this is Central Florida’s number one 1 dinner attraction located on Highway 92 near Disney. Visitors will definitely have fun feasting on a â€Å"regal banquet inside the 11th-century European style castle and cheer for knights on horseback jousting and sword fighting†. Hagaman (1998) also included in her list of attractions the Pointe Orlando, which is â€Å"a 450,000 square foot Lifestyle Entertainment Center located across from the Convention Center, featuring FAO Schwartz, multi-screen cinema, and a 3-D IMAX theater†. In this entertainment center, nightclubs, outstanding restaurants, and the finest collection of 60 unique retailers will surely make visitors busy while in Orlando. Moreover, visitors should also delight the Oriental magic of Splendid China. Hagaman (1998) described it as â€Å"a 76-acre attraction featuring 5,000 years of authentic Chinese culture†. In here, Hagaman (1998) described that visitors will see a replica of China’s historical sites and landmarks, like the Forbidden City, Great Wall, Leshan Budda and many others. Hagaman (1998)   also mentioned â€Å"The Mysterious Kingdom of the Orient†, which is â€Å"a pulsating and visually majestic presentation of 70 talented acrobats, dancers and actors†. Lastly, Hagaman (1998) invited visitors to discover Chinatown for its â€Å"excellent dining and unique shopping†. Both locations have their unique features, the casinos and desert resorts in Las Vegas and the theme parks in Orlando. What’s best is that both cities offer different features and landmarks for different interests. Las Vegas discovered that shopping, dining, and entertainment could attract non-gamblers and also serve as secondary activities for all but the most dedicated gamblers. The Forum shopping mall at Caesars in Las Vegas provides continuous entertainment and a great variety of restaurants, making the retail sales areas some of the most costly and desirable to rent in North America. Today, the top attraction in Las Vegas is shopping, not gambling. However, I feel that there are more things to do in Orlando than in Las Vegas. I believe that tourist markets should be dynamic and a marketing information system should come in important. Destinations need to closely monitor the relative popularity of their various attractions by determining the number and type of tourists attracted to each and I think Orlando is more publicized in this arena. References Hagaman, C. L. (1998, February). Orlando: Never Outgrow the Magic. PSA Journal, 64, 16-18. Las Vegas. (2007). In Encyclopà ¦dia Britannica.   Retrieved February 14, 2007, from Encyclopà ¦dia Britannica Online: http://www.search.eb.com/eb/article-9047243. Orlando. (2007). In Encyclopà ¦dia Britannica.   Retrieved February 14, 2007, from Encyclopà ¦dia Britannica Online: http://www.search.eb.com/eb/article-9057392. Rosenthal, J. and Renaud, L. (2005, October). Sin-City Shapeovers. Shape, 25(2): 38. Sanchez, M. (1999). Growing Up in Las Vegas. In The Real Las Vegas: Life beyond the Strip, Littlejohn, D. (Ed.) (pp. 75-96). Oxford: Oxford University Press. How to cite Discovering Las Vegas’ Vibrance and Orlando’s Magic, Essay examples

Our exploration using Drama Essay Example For Students

Our exploration using Drama Essay As part of our GCSE Drama course we were given the task of exploring the life of a character called Grace. This character supposedly had arrived in Britain during the turbulent period of 1950, the characters main objective being to provide sustenance to her family back home. We were required to explore this characters life and then produce a piece of drama consisting of three important memories in the characters life in this country. This was of course a varied response from the several groups depending on their interpretation. In order to have a basic understanding of the characters life we used text and graphics. This varied from videos and pictures to writing and materials. We originally started our journey with a memory which we had created by an inspiration which involved apiece of cloth. This ordinary piece of cloth had a large impact on our drama as it was our first impressions of this new character. We then moved on by looking at a piece of narration which gave us a rough idea about Graces personality and a picture. Using this information we body sculpted a member of our class to impersonate Grace as we understood her from the text. We then analysed our impersonation and made a response on a post it label. This response was one word which came up in our minds upon seeing the character. We moved on to analyse another piece of narration and analysed another picture which displayed a market. We then grouped ourselves in to pairs and using the information which was fed into us we planned a paired improvisation about a memory in the market. This was really useful for everyone as individuals we all had different ideas and we were able to share them as a group and adapt some of the ideas. To develop our understandings further we created a sound collage based around our ideas. A major input throughout the whole process of this exploration was the bombardment of text and we yet again analysed another narration which described Graces character in amore detailed manner. The narration had described that the area in which there was a lot of hustle and bustle was silent. Using the imagery and description we received from the piece of narration we came to the conclusion that this was due to a tropical storm. To delve in to this subject further we used our drama teacher for a character in role session in which he represented a local native. Using his responses we were able to understand the emotional effects it would have on characters in such a situation. Using the information and knowledge we had gathered we then moved onto the small subsection of Leaving and Arriving. During this section we focused on the arrival of Grace to this Country and her initial experiences. We began by marking and clearly identifying the stage where Grace knew she was going to leave. To get a better idea of the thoughts and emotions which Grace my have or experienced we researched accounts of real people who had left their mother land behind during this similar period of time as our drama. This included a wide range of testimonies from people as well as videos based around the issue of leaving. Using these powerful sources of information we created a whole class improvisation of a small scene in which we were required to wave goodbye at a dockside. We then analysed a picture of Victoria station and again created a scene based in a train station. These small scenes may seem insignificant but played a large role as they aroused emotions and feelings based on this issue and gave us a small piece of first hand experience of what it is like to leave ones loved ones or place. .u2b160d7fd8a58ed10969c6e2882f5653 , .u2b160d7fd8a58ed10969c6e2882f5653 .postImageUrl , .u2b160d7fd8a58ed10969c6e2882f5653 .centered-text-area { min-height: 80px; position: relative; } .u2b160d7fd8a58ed10969c6e2882f5653 , .u2b160d7fd8a58ed10969c6e2882f5653:hover , .u2b160d7fd8a58ed10969c6e2882f5653:visited , .u2b160d7fd8a58ed10969c6e2882f5653:active { border:0!important; } .u2b160d7fd8a58ed10969c6e2882f5653 .clearfix:after { content: ""; display: table; clear: both; } .u2b160d7fd8a58ed10969c6e2882f5653 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u2b160d7fd8a58ed10969c6e2882f5653:active , .u2b160d7fd8a58ed10969c6e2882f5653:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u2b160d7fd8a58ed10969c6e2882f5653 .centered-text-area { width: 100%; position: relative ; } .u2b160d7fd8a58ed10969c6e2882f5653 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u2b160d7fd8a58ed10969c6e2882f5653 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u2b160d7fd8a58ed10969c6e2882f5653 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u2b160d7fd8a58ed10969c6e2882f5653:hover .ctaButton { background-color: #34495E!important; } .u2b160d7fd8a58ed10969c6e2882f5653 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u2b160d7fd8a58ed10969c6e2882f5653 .u2b160d7fd8a58ed10969c6e2882f5653-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u2b160d7fd8a58ed10969c6e2882f5653:after { content: ""; display: block; clear: both; } READ: How does Shakespeare create tension in Act 3 scene 1? EssayTo deepen our understanding even further we moved to analyse further testimonials of real experiences. We took the drama further and moved on to a period in Graces life were she is about to become a single black parent. We began by using a piece of text as an introduction. Using the small narrative we moved on to multiple hot seating where we were able to express our personal feelings depending on our character. We created speeches as Grace and we also did some collective hot seating of Grace so we could see the various responses people would give to one question. It also ensured that this character had a balance of opinion and input from everyone in the group. We introduced the character of a landlord in to the drama. This character was white and a very racially abusive person. We worked on this character in pairs by working in pairs and using improvisation and exploration. The exploration skills we used were of course similar to what we had used to build up the character of Grace. After creating our character using our own personal understanding and thoughts we viewed a video regarding landlords. This video helped to broaden our understanding of landlords and their overall attitudes in the 50s. We then turned our attention to Graces life as an old lady and a grandmother. During this section of the exploration we were introduced to two new characters. They were: 1. Graces Daughter 2. Graces Grand-daughter Tanya Here we were looking not only at Grace but three generations. We read a piece of narration which described Grace in her old age. This piece of narration also gave us some insight to the relationship between Grace and her grand-daughter. From the narration we had a basic idea that their relationship wasnt as solid as you would expect it. In fact they have trouble getting along due to their differences of ideas. We created some freeze frames of Grace and her grand-daughter Tanya. These freeze frames were in fact exchanges of words between them. We continued to explore the drama by using spontaneous improvisation. We marked important moments within the drama and created freeze frames about Graces past. We created some solo personal writings which were presented to the group and to conclude our exploration of this particular time period we worked on a whole class spontaneous improvisation and collective role work with our teacher as Grace. Throughout this whole course we have been able to gather a lot of valuable information via various drama techniques such as: 1. Hot Seating 2. Improvisation 3. Forum Theatre These techniques have helped us to really get behind the drama and get as much information as possible. This has also helped us to shape our character in this way and develop her in much detail as possible. As we explored the drama a lot of feelings have been aroused and with the help of a wide range of text, videos and a booklet full of valuable information we are working on our final response in which we will express our ideas and feelings.