Bio-Rad Best Practice

Bio-Rad Laboratories

Task Compare Bio-Rad’s Best Practice Supply Chain Strategy against a Comprehensive Literature Review of Supply Chain Best Practice

Bio-Rad Laboratories TABLE OF CONTENT S

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EXECUTIVE SUM MARY …………………………………………………1 CUSTOMER RELATIONSHIP MANAGEMENT ………………………….2 SUPPLIER RELATIONSHIP MANAGEMENT …………………………….3 INVENTORY CONTROL AND MANAGEMENT ………………………….5 4.1 Recommendation on Inventory Control ……………………………...7

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CONSOLIDATION THROUGH ACQUISITION …………………………. 8 STAFF TRAINING AND DEVELOPMENT PROGRAM ………………… 9 CONCLUSION………………………………………………………………… 10 REFERENCES ……………………………………………………………….. 11 BIBLIOGRAPHY ……………………………………………………………...12

APPENDIX APPENDIX A BIO-RAD LABORATORIES, INC, CONDENSED

CONSOLIDATED STATEMENT OF INCOME ………………. A APPENDIX B DOW THEORY FORECASTS, HEALTH CARE INDUSTRY SECTOR MEDIAN ………………………………………………... B APPENDIX C BIOTECHNOLOGY EXPLORER AWARD …………………… C

Bio-Rad Laboratories 1 Executive Summary Bio-Rad is a multinational manufacturer and worldwide distributor of own life science research and clinical diagnostics products with a mission to “provide quality support services to all Bio-Rad customers while contributing to the growth and profitability of the company”. Being in a industry characterized by technological change, unpredictable epidemic, frequent new product development and product obsolescence, Bio-Rad did well and its success owes it largely to its well managed supply chain and acquisition efforts. From a series of supply chain activities, Bio-Rad will be assessed on its operations in relation to the supply chain best practices in this report. The areas being assessed will be: • • • • • Customer Relationship Management Supplier Relationship Management Inventory Control and Management Consolidation through Acquisition Staff Training and Development Program

During the assessment of inventory control, it is observed that the inventory turnover ratios between 2005 and 2008 are rising....