Information Sharing in Supply Chain Management Essay

Information Sharing in Supply Chain Management - Essay Example Globalization and regulator threats in industries have tend to empower the customer a great deal and it is more often than not the customer who dictates terms to the businesses operating in the market place. Under such complex and intriguing scenarios the role of supply chain becomes ever more challenging, decisive and vital for the growth and nurturing of a company (Fisher, 2000). The entrepreneurs, having studied the market trends and being well acquainted with the consumer culture, can determine certain variables that are almost impossible to discover otherwise. The entrepreneurs can determine future demand of a particular product that they are selling to a particular segment. A company that needs to become the top of the mind company for its consumers must lay stark inventory management plans that are based on industry dynamics and reliable data obtained from various sources. Indeed managing inventory requires immense amounts of vigilance. However this vigilance is not to be main tained by the producer alone as this is not pragmatic and on the other hand there are several parties involved in the value chain of every product. The producer, supplier, wholesaler and retailer all need to collaborate with one another and share information regarding the level of inventory that each one is required to hold at every stage in the entire process. This is being done and practiced in almost every company today. For sharing information companies spend hundreds of thousands of dollars every year to develop and upgrade their information sharing systems that keep all the involved players in the cycle onboard with minute to minute information regarding inventory levels. This keeps everyone a breast of the levels of inventory required to be maintained at any particular time in the chain (Fisher, 2000). The Value of Information Sharing in Inventory With the introduction of more and more products by the companies and entrance of giant companies that offer products that serve to cater to similar needs and target the same set of consumers have actually helped to make the market place a battle field. Today customers have so many options and choices to choose from. In fact making a buying decision has become a Herculean and specialized task for the customer. Where on one hand intricacies at the end of consumer have increased then on the other the customer has become very powerful as well, and one cannot repudiate the fact that products and brands that do not meet customer expectations are either ousted or kicked out of the market and become forgotten history. Here inventory management becomes a key concept that needs to be discussed and highlighted to limelight. As we talked about the concepts of â€Å"customer expectations† and â€Å"consumer culture† so we also need to understand that they are very closely linked to inventory management. Finding the product on the shelf is one of the most significant customer expectations, significant yet basi c. â€Å"Finding the product on the shelf† implies that the product must be available to the customer at the right place in the right quantity at the right time. This is where Inventory management comes into play. Inventory management has gained more and more significance in organizations during the past decade and this is because of the consumer expectations and strong consumer culture that has risen

Court system in England Essay Example | Topics and Well Written Essays - 4000 words

Court system in England - Essay Example The first right of the defendant starts when the court says that defendant's presence in the court for any indictable offence is necessary. There are cases where the defendants are intimidated, threatened, kidnapped or sometimes even eliminated so that they cannot attend the court. Under such circumstances, these courts order a decree of Habeus Corpus. Unless there are extraordinary circumstances, a defendant cannot be tried without being present. Magistrate courts deal with summary offences, which are less serious cases like minor assaults or driving offences and these offences are not eligible to be tried by the jury being rather legally insignificant. They also deal with Either-way offences and they are called so, because they could either be dealt by judge and jury or by a magistrate, which is usually the case. Offences here include theft, handling of stolen goods, etc. Here the right of the defendant is upheld by making the defendant to ask for either a Crown trial or a Magistrate trial and the choice belongs not to the court, but to the defendant. In case if the offence is of a more serious kind, magistrate himself might commit the defendant to a trial by the jury and under those circumstances, defendant's rights are not considered. Magistrate courts cannot try Indictable-only offences, and these are of a more serious kind like murder, manslaughter, rape and robbery. ... There is a distinction between summary and indictable offences. Jurisdiction and procedure usually are affected by this distinction because the distinction is fundamental. "Summary offences can be tried only in magistrate's courts, while indictable offences are triable on indictment before a jury. Summary offences are all creatures of statute, and the particular statute lays down the mode of trial and the appropriate penalty," Arguile (1969, p.41). The decision on bail and other connected legal issues like reporting restrictions are usually conducted by magistrate courts before the case goes to the Crown court. Again there is an option for the defendant. He could opt for a trial at the magistrate court and such a plea could be considered. If the defendant is found guilty, at that stage, or at any other stage, magistrates can impose a sentence up to six months imprisonment along with a fine up to 5000 and if the defendant is acquitted, and if there are no other connected or unconnected cases pending against him the magistrates can set him free as a legally innocent person. There are diverse kinds of legal presence in magistrate courts. There could be three lay magistrates or one District Judge and both the situations are perfectly acceptable to law. The lay magistrates are called Justices of the Peace and are usually the local people who volunteer their services. Despite not having any formal legal qualifications, the legal hist ory says that these magistrates have functioned very well over the years. They are given legal and procedural training and advice by the qualified clerks though. This prompts a question: Do such magistrates command the same respect from clerks, defendants and other legal fraternity Well, this is a different legal matter,