TAL Apparel Limited, a small and weak member of the apparel industry, proved its capability to...

Transcribed Image Text:

TAL Apparel Limited, a small and weak member of the apparel industry, proved its capability to sustain competitiveness by deploying technologies to improve its supply chain management. The company started with an Enterprise Resource Planning (ERP) system and later convinced its giant customer, JC Penny, to collaborate on Vendor Managed Inventory (VMI) program. Such moves had driven change in the apparel industry structure. REQUIRED: Explain how TAL's initiatives had sustained its competitiveness in the industry based on Porter Five Force Model's perspective as follows: (1) (ii) (iii) Lee, Farhoomand & Ho (2004), Supply Chain Reconfiguration MIS Quarterly Executive, 3(3), 131-142 Buyer's power Supplier's power Barrier to entry (a) In Industry Revolution 4.0 (IR 4.0), the advances in automation, Artificial Intelligence (AI), and Cloud technology have continually disrupted every industry in every country. These are expected to displace humans in some five million jobs with repetitive, easy, and tedious tasks. Bloomberg Businessweek hinted that the best paid and most vulnerable occupation to the disruption of the IR4.0 is the accounting profession. Yet within the revolution, there are opportunities for those prepared to embrace them. (b) (2 Marks) (2 Marks) (2 Marks) REQUIRED: Explain how IR 4.0 would likely benefit the accounting and finance industry (Indicate ONE (1) applicable technology to support your answer). (3 Marks) Explain how the accounting profession should respond to the rapid evolution of IR 4.0 by providing THREE (3) relevant arguments. Chang, W. (2019). Embracing the Disruptive Impact of IR 4.0 in Accounting theborneopost.com TAL Apparel Limited, a small and weak member of the apparel industry, proved its capability to sustain competitiveness by deploying technologies to improve its supply chain management. The company started with an Enterprise Resource Planning (ERP) system and later convinced its giant customer, JC Penny, to collaborate on Vendor Managed Inventory (VMI) program. Such moves had driven change in the apparel industry structure. REQUIRED: Explain how TAL's initiatives had sustained its competitiveness in the industry based on Porter Five Force Model's perspective as follows: (1) (ii) (iii) Lee, Farhoomand & Ho (2004), Supply Chain Reconfiguration MIS Quarterly Executive, 3(3), 131-142 Buyer's power Supplier's power Barrier to entry (a) In Industry Revolution 4.0 (IR 4.0), the advances in automation, Artificial Intelligence (AI), and Cloud technology have continually disrupted every industry in every country. These are expected to displace humans in some five million jobs with repetitive, easy, and tedious tasks. Bloomberg Businessweek hinted that the best paid and most vulnerable occupation to the disruption of the IR4.0 is the accounting profession. Yet within the revolution, there are opportunities for those prepared to embrace them. (b) (2 Marks) (2 Marks) (2 Marks) REQUIRED: Explain how IR 4.0 would likely benefit the accounting and finance industry (Indicate ONE (1) applicable technology to support your answer). (3 Marks) Explain how the accounting profession should respond to the rapid evolution of IR 4.0 by providing THREE (3) relevant arguments. Chang, W. (2019). Embracing the Disruptive Impact of IR 4.0 in Accounting theborneopost.com

Answer rating: 100% (QA)

A 1 Buyers power TAL Apparels adoption of ERP system and VMI program had helped to improve its supply chain management enabling it to better manage it... View the full answer