circumstances might “ free diamonds ” encounter order amplification B u s i n e s s F i n a n c e

circumstances might “ free diamonds ” encounter order amplification B u s i n e s s F i n a n c e

Congratulations! You have just been hired as the Operations Manager of “Free Diamonds”, a new owner-operated specialty diamond jewelry store. The company’s vision is to import and sell only diamonds that are guaranteed to be labor-abuse free (“conflict-free” & “fair-trade”). Historically, the diamond industry has been notorious for engaging in unethical business practices; hence the term “blood diamonds”.

As Operations Manager you have been tasked with ensuring all imported diamonds are certified as “conflict-free”. However, the process to accomplish this is time consuming, requires much effort, and ultimately is more costly than obtaining uncertified diamonds. You have found yourself facing a dilemma. How will you compete with other jewelers that do not uphold the same ethical standards as “Free Diamonds”?
The company owner/operator is old-school (smile) and has asked you to: “call around and check out the competition”. As a highly trained Operations Manager, you know there are more efficient ways to begin the competitor analysis. However, the owner has insisted that you call one local jeweler.

https://time.com/blood-diamonds/

2. Call (yes, by phone) 1 jewelry store in the state of Florida (outside of Highlands County). Speak with a sales associate and obtain the following information:

  • The first name of the person you spoke with
  • Who the company’s diamond suppliers are
  • Where the company’s diamonds are sourced (mined)
  • Whether or not the diamonds are fair-trade certified/ conflict-free

3. Select 1 topic from the list below, that piques your interest. Formulate a 1-2 paragraph analysis.

  • What factors could influence a push system at “Free Diamonds”. Explain
  • Under what circumstances would “Free Diamonds” use reverse logistics? Explain
  • Under what circumstances might “Free Diamonds” encounter order amplification?
  • How would supply chain optimization benefit “Free Diamonds”?
  • Is the diamond industry a goods-producing supply chain? Explain.
  • What processes would be involved in the “Free Diamond” supply chain?
  • Discuss the purpose of a goods producing supply structure within the diamond industry.
  • Read the following article examining DeBeers (a global diamond conglomerate) and briefly summarize the process of utilizing blockchain:

    5. Use the attached Word template to complete your assignment.

    Its alot of information not a long assignment