Li & Fung was founded by Fung Pak-Liu and Li To-ming during this year.
What is 1906?
100
Li & Fung's evolution into a supply chain manager took place in this many stages.
What is 3 stages?
100
Li & Fung broke the value chain into parts, which is called this.
What is dispersed manufacturing?
100
SCM stands for this.
What is Supply Chain Management?
100
IT stands for this in business.
What is Information Technology?
200
The Ministry of Commerce of the People's Republic of China granted this license in January 2004.
What is an export company license?
200
Li & Fung acted as a regional sourcing agent is this stage in the evolution into a supply chain manager.
What is stage 1?
200
The front and back ends of the value chain were taken care of in this country.
What is Hong Kong?
200
Li & Fung has a vast network of these.
What is suppliers?
200
Li & Fung established the extranet during this year.
What is 1998?
300
In 1973, the Li & Fung company went public and was listed on the Hong Kong Stock Exchange. However, they became a private company again during this year.
What is 1989?
300
This program involved all tasks from specifying the product mix to scheduling the manufacturing process and delivery time.
What is manufacturing program?
300
Many companies in the Western countries were compelled to outsource not only their manufacturing but also this.
What is entire supply chain management or SCM?
300
Li & Fung utilizes up to this percentage of a suppliers capacity.
What is 70%?
300
In March 2000, Li & Fung announced its Internet strategy to enter the e-commerce market through this initiative.
What is Business to Business (B2B)?
400
This major product segment brought in 67% of revenues in 2003 for Li & Fung.
What is soft goods?
400
Li & Fung evolved from a sourcing agent into a manger and deliverer of production programs in this stage of the evolutuion into a supply chain manager.
What is stage 2?
400
Product design and development, raw material sourcing, production planning, and conducting quality assurance and factory inspections are just a few aspects of this.
What is supply chain?
400
Having this, results in an improved response time for retailers.
What is shorter product delivery cycles?
400
The extranet enabled customers to track their orders and gain access to related information through this system, also known as XTS.
What is Electronic Trading System?
500
Li & Fung used this in order to strengthen its sourcing and distribution networks and expand its product lines and customer network.
What is acquisitions?
500
These three countries emerged as labor-intensive manufacturing hubs, while Hong Kong had become an expensive and noncompetitive place to manufacture.
What is Korea, Taiwan, and Thailand?
500
Dispersed manufacturing transformed Hong Kong from a manufacturing economy into this.
What is service economy?
500
Li & Fung had over this amount of regular suppliers by the year 2000.
What is 7500?
500
This part of Li & Fung's Internet strategy had customization options that could satisfy 90% of smaller retailers.