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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1845 |
Essay's paper body
It takes on responsibility for sourcing, product design, shipment, warehousing, and letters of credit. As a trusted intermediary, it helps suppliers with marketing and buyers with procurement. A growing part of the company's value proposition comes from ensuring that customers "get the quality they desire at a price that they can afford"...
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Li & Fung has invested huge resources over a long period of time to develop trust based relationship with nearly 6000 suppliers.
The group does not own any of the boxes in the supply chain. The creation of the value is based on a holistic conception of the value chain. Li & Fung had begun to improve operations by controlling or owning strategic links in the chain...
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