Plagiarism Scan Report: Plagiarised Unique

Page 1
PLAGIARISM SCAN REPORT

Date 2021‐12‐07
2% 98% Words 1000

Plagiarised Unique
Characters 6965
Content Checked For Plagiarism
What is global strategy?

A global strategy is a plan developed by a corporation to expand into a global market. The goal of creating a global
strategy is to boost sales all around the world. Standardization, international, and multinational strategies are all included
in the phrase "global strategy." Developing a worldwide strategy can help your firm in a variety of ways, including
improving global brand awareness, expanding sales in new areas, and more.
It's critical to evaluate how your company's products will perform in global marketplaces while developing a worldwide
strategy. To ensure that your business succeeds in the worldwide market, you must analyse your competitors, global
clients, manufacturing sites, and other aspects of your firm.
A global strategy entails considering all areas of a company's operations, including suppliers, production sites, markets,
and competition, in a holistic manner. It entails evaluating each product or service against both domestic and international
market criteria. It entails incorporating foreign ideas into product compositions from the start, rather than as an
afterthought. It entails meeting global standards before pursuing global markets, as well as becoming world‐class in local
markets. It entails a deeper awareness of local and cultural diversity inside the firm in order to become genuinely global.
Case study: Samsung
Samsung is widely regarded as one of the world's top suppliers of digital media and digital convergence technologies. Due
to increased marketplace competition, it is understandable that all businesses strive to capture the attention of potential
customers to acquire a competitive advantage over competitors. Samsung has risen through the ranks of the industry
thanks to a competitive operations management system. Samsung's operations management is focused on creating plans
and producing products that will entice potential customers. One of Samsung's core goals in operations management is to
maintain the conglomerate's reliability and stability.
Furthermore, Samsung's operations management provides goods that are versatile and of high quality in terms of their
functions and applications, resulting in consumer pleasure after purchasing any of their products.
Samsung supply chain
Samsung has a well‐functioning supply chain network that was established through a joint initiative targeted at improving
the company's main suppliers' reliability. The South Korean behemoth emphasizes the importance of supply chain
management, and as the market's fastest adapter, Samsung keeps an eye on new entrants and purchases those with the
potential to be market leaders. Samsung's Collaborative Planning Foreseeing and Replenishment ﴾CPFR﴿ strategy aims to
improve the company's supply chain design and processes by combining all stakeholder knowledge. In 2004, the company
ratified the CPFR with the leading suppliers in its North American market, resulting in increased efficiency through reduced
merchandising, inventory, logistics, and transportation costs. In 2009, Samsung expanded its SCM by opening a new
manufacturing factory in China.
Samsung quality management
ISO certification was created with the sole purpose of assisting enterprises in developing and implementing a quality
management system that works. Samsung meets this condition completely because it has two certifications: K‐SQ ISO‐
9001: 2009 and ISO‐9000: 2008. The organization guarantees that its employees are fully aware of these rules and
standards and that they are followed. Samsung conducts Customer Satisfaction Index ﴾CSI﴿ surveys on a regular basis to
monitor product quality, analyse consumer satisfaction, respond to customer questions and concerns, and suggest areas
Page 2
for improvement.
In addition, at each stage of the manufacturing process, the organization conducts systematic surveys. The results of these
surveys are utilized to improve the quality control process at the organization. The feedback method aids Samsung in
lowering its poor‐quality prices, controlling any type of disruption, delaying the manufacturing process, and increasing
customer happiness. Samsung uses Total Quality Management ﴾TQM﴿, which attempts to improve the quality of the
production process by lowering rejection rates, lowering costs in the process. The goal is to reduce rejection levels to zero,
implying that Samsung is constantly working to improve the quality of its products. Samsung's effective integration of
TQM has given the company a competitive advantage over its competitors, allowing it to acquire a considerable part of the
global mobile market.
Samsung inventory management
Inventory management includes costs connected with storage, and if it is managed well, less storage space will be
required, boosting the company's bottom line. Excess inventory might result in an increase in the company's working
capital that could have been better spent on the company's effective growth. An efficient inventory system reduces costs,
allowing businesses to price their products more competitively. The Just in Time﴾JIT﴿ inventory management technique is
used by most successful businesses.
Samsung derives a large portion of its business internationally, and the corporation must compete on quality and price. In
the consumer electronics and mobile industry, the rivalry is fierce. Samsung, for example, utilizes the Android operating
system on its mobile devices, which is utilized by several competitors. As a result, Samsung is required to price its mobile
products within a tight range in comparison to similar items given to the market by competitors. If competitors can provide
alternative items that are less expensive than Samsung's, the company is likely to lose customers. As a result, to reduce the
price of its mobile products, the corporation must ensure that its production costs are reduced by applying the JIT
inventory strategy.
In conclusion, operations management may be argued to be an essential component of any business that wishes to remain
competitive in today's more competitive global economy. Samsung is aware of these facts, which is why, in order to stay
ahead of its competitors in the marketplace, it has improved and advanced key parts of its supply chain management, such
as quality control, inventory management, and supply chain design. Samsung has a well‐functioning supply chain network
that was established through a joint initiative targeted at improving the company's main suppliers' reliability.
Samsung's Collaborative Planning Foreseeing and Replenishment﴾CPFR﴿strategy aims to improve the company's supply
chain design and processes by combining all stakeholder knowledge.
In terms of quality, Samsung uses Total Quality Management﴾TQM﴿, which strives to improve manufacturing process
quality by lowering rejection levels, which in turn lowers costs.
Matched Source
Similarity 3%
Title:Samsung\u2019s Operations Management.docx ‐ Course Hero
Samsung's Collaborative Planning Foreseeing and Replenishment ﴾CPFR﴿ strategy primarily focuses on improving the
company's supply chain design and processes ...
https://www.coursehero.com/file/p3h5clfk/40‐Conclusion‐In‐brief‐it‐can‐be‐argued‐that‐operations‐management‐has‐
become/

Plagiarism Scan Report: Plagiarised Unique

Uploaded by

Copyright:

Available Formats

Plagiarism Scan Report: Plagiarised Unique

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Plagiarism Scan Report: Plagiarised Unique

Uploaded by

Copyright:

Available Formats

Page 1

PLAGIARISM SCAN REPORT

2% 98% Words 1000

Content Checked For Plagiarism

What is global strategy?

You might also like