...improve response time on reporting to the Management and enhance capabilities. There are many solutions already established that can meet the specific business requirements of any organisations in any industry, hence choosing the right and the best solutions are essential to avoid wasting money and effort since ERP implementation could be excruciating and costly. Therefore, in order for a company to decide on which solution is the best for their business, they need to identify their existing processes and analyse in depth the existing flaws and their business requirements. This is supported by Travis (1999) who indicated that companies which put on greater efforts in ERP selection will achieve greater success. 2. EXECUTIVE SUMMARY According to Lee, Moon, and Lee (2006), ERP systems can be used as an integration with existing business systems and processes to assist an organization maintaining its competitive advantage. Consistent identification of such ERP changes or upgrades is essential to improve business processes due to robust technology development. Existing systems could expire and should be upgraded from time to time as business grows considering the ever-changing technology. This upgrade sometimes require major changes and could be extortionate however, crucial. This is due to the fact that organizations usually depend on the process for data storage as well as implementing tasks proficiently and systematically. Hence, it is significant for an organization...
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...Study Presented to the Faculty of the Ramon V. del Rosario College of Business Decision Sciences and Innovation Department De La Salle University - Manila In Partial Fulfillment of the Requirements for the Course SUPPMAN K31 By Herrera, Lorenzo V. 11224738 Kehyeng, Charise Jessica T. 11144394 Larracas, Danielle Dominique G. 11134917 Lim, Ma. Anna Emanuelle N. 11107669 Zialcita, Raphael Paolo Prof. Willy Cuason September 16, 2014 I. CONTENTS: Summary of Findings Background Information Problem Statement if there are any Analysis of Alternatives Detailed Recommendations Answer to Case Questions Learnings II. SUMMARY OF FINDINGS: As seen in the case of Austin Wood Products, although the company is profitable and offers a variety of high quality products, there are a number of flaws and problems that the company face in different functional areas related to purchasing and supply management. One dilemma would be that the inventory and stock room operations are having a hard time keeping track and managing inventory and stock. There is no system that efficiently keeps track of how much inventory is at hand, what kind of lumber or materials are available in the stockroom, how much of the inventories are being taken by the workers, where they are, and whether or not certain inventories are missing. In other words, there are no records of the movement and breakdown of different materials and inventories...
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...Executive summary This report identifies and analyses the management challenges outlined in the case study of Service Adhesives Ltd. The research draws attention to how Service Adhesives traditional corporate structure, outdated strategies and failure to implement qualitative initiatives leant to their reclining competitive advantage in their industry and the slowdown of their profit margins. The report finds that Service Adhesives prospects in their current operations are limited but with their renewed commitment to effect radical improvements to their organisation then operational excellence is attainable. It is recommended that Service Adhesives revisits the qualitative initiative of total quality management (TQM) as this method encompasses everyone and every function of the organisation. It uses holistic approach to long term success that views continuous improvement as a process and aims to transform the organisation through progressive changes Table of Contents 1. Introduction......................................................................................................................3 1.1 Background of Service Adhesives..........................................................................3 1.2 Background of operations management..................................................................3 2. Orientation.......................................................................................................................4 2.1 Literature review...
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...Contents EXECUTIVE SUMMARY 2 CHAPTER 1: COMPANY PROFILE 3 CHAPTER 2: ASSESSMENT OF COUNTRY FACTORS 5 Factors Affecting Balance of Trade between United States and Maldives 5 Import Controls in Maldives 7 CHAPTER 3: USING THE FOREIGN EXCHANGE MARKET 8 The Spot Market 8 Analysis of USD/MVR Cross Rate for the Last 1 Month, 3 Months and Last Year 9 CHAPTER 4: USE OF FORWARDS AND FUTURES MARKET 11 Analysis of Future Price Vs Spot Rate 12 CHAPTER 5: USING CURRENCY OPTIONS 13 CHAPTER 6: MONITORING CENTRAL BANK INTERVENTION 14 CHAPTER 7: ASSESSMENT OF SPOTS AND FORWARD RATES 16 CHAPTER 8: DETERMINING WHETHER IFE HOLDS 18 CHAPTER 9: MONITORING EXCHANGE RATE TRENDS 20 CHAPTER 10: EXPOSURES TO EXCHANGE RATE RISK 24 Analysis of the Foreign Exchange Exposures to Fashiona Jewelers 24 CHAPTER 11: FOREIGN EXCHANGE EXPOSURE HEDGING WITH FORWARD AND FUTURE CONTRACTS 26 CHAPTER 12: TRANSACTION AND ECONOMIC EXPOSURES IN THE CASE OF DOLLAR DENOMINATED RECEIVABLES 28 CHAPTER 13: SUMMARY 29 REFERENCES 30 EXECUTIVE SUMMARY Fashiona Jewelers Limited will operate as multinational operating in the United States and Maldives. The company will trade in jewellery which will be purchased in USA and sold in USA and Maldives. Currently, there exist no trade barriers restricting trade between USA and Maldives and jewellery is an import into the country. There is also continued demand for jewellery in Maldives which is driven by increasing number of tourists arriving...
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...sourcing Global manufacturing Global distribution . dealing with foreign . facility location . local content regulations suppliers . coordinating networks . managing global . managing international of plants distribution logistics . coordinating networks . managing risk . managing risk of R&D facilities . operations in other countries Page intentionally left blank. Class: 2a Type: Lecture Supply Chain Management & Service The goal in this part is to introduce the two main sections of the course, international manufacturing and international service. For manufacturing we start with the simple proposition that decisions about our company’s competitive strategy leads to a supply chain strategy which then leads to a supply chain structure. We provide a strategic framework that can be used to analyze design, planning, and operational decisions in a supply chain. This framework focuses on supply...
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...Raytheon: An International Firm Raymond C. Branham Embry-Riddle Aeronautical University Managerial Accounting for Decision Making (MBAA 517) Dr. Mark Bellnap December 1, 2011 TABLE OF CONTENTS Abstract 3 Raytheon: An International Firm 4 Section I 4 Goods and Services, Market Share, Geographic Locations, and Major Competitors 4 Section II 5 Activity Based Costing at Raytheon 5 Section III 8 Standard Costs at Raytheon 8 Section IV 14 Relevant Costs at Raytheon 14 Section V 16 Summary, Conclusion, and Recommendations 16 References 18 Appendix 19 Abstract In today’s hectic economic environment, a company’s financial performance is becoming a highly focused upon part of successfully running a company in America and throughout the World. Equally important, is the ability to address accounting matters in this environment. At Raytheon, it is the task of each function within the company to consider each and every accounting aspect, because their customers are all over the world and each one of those customers approaches financial matters in unique ways. For Raytheon to maintain its success, it is imperative for each employee to understand how to manage these accounting aspects. The lack of accounting knowledge and specifically, each unique accounting approach, and how to execute each approach is why there is a huge problem with finances in corporate America today. Many organizations have altered their approach to this issue, but Raytheon has stood...
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...CHAPTER 1 INTRODUCTION TO GLOBAL MARKETING SUMMARY Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. A company that engages in global marketing focuses resources on global market opportunities and threats. Successful global marketers such as Nestle, Coca-Cola, and Honda use familiar marketing mix elements – the four Ps – to create global marketing programs. Marketing, R&D, manufacturing, and other activities comprise a firm’s value chain; The value equation (V =B/P) expresses the relationship between values and the marketing mix. Global companies also maintain strategic focus while pursuing competitive advantage. The marketing mix, value chain, competitive advantage, and focus are universal in their applicability, irrespective of whether a company does business only in the home country or has a presence in many markets around the world. However, in a global industry, companies that fail to pursue global opportunities risk being pushed aside by stronger global competitors. A firm’s global marketing strategy (GMS) can enhance its worldwide performance. The GMS addresses several issues. First is nature of the marketing program in terms of the balance between a standardization (extension) approach to the marketing mix and a localization (adaptation) approach that is responsive to country or regional...
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...A MODEL OF OPTIMAL INTERNATIONAL MARKET EXPANSION THE CASE OF US HOTEL CHAINS EXPANSION INTO CHINA E. Hachemi Aliouche, Ph.D. Associate Professor, Hospitality Management Whittemore School of Business and Economics UNIVERSITY OF NEW HAMPSHIRE, USA and Udo Schlentrich, Ph.D. Associate Professor, Hospitality Management Whittemore School of Business and Economics UNIVERSITY OF NEW HAMPSHIRE, USA ABSTRACT: Departing from the explanatory and descriptive approaches common in many of the academic studies of international expansion, this paper uses a managerial approach to develop and illustrate a process that can assist managers in the formulation of their international expansion strategies and plans. A comprehensive model of international expansion is outlined and applied to determine the optimal country to be targeted for entry by a US hotel firm and the optimal entry mode to be used. The model consists of three sections. Section One (macro assessment) identifies the major external macroenvironmental variables that determine the risks and opportunities of international expansion: market size, market growth and purchasing power; political, economic, legal and regulatory risks; and cultural and geographic distances. Through macro assessment, countries with the optimal risk/opportunity profiles are identified and ranked. Section Two (micro assessment) is applied to the optimal countries identified in Section One to estimate the potential profitability and financial value created (as...
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...Journal of Operations Management 30 (2012) 269–281 Contents lists available at SciVerse ScienceDirect Journal of Operations Management journal homepage: www.elsevier.com/locate/jom Customer-facing supply chain practices—The impact of demand and distribution management on supply chain success Daniel Rexhausen a,∗ , Richard Pibernik b,c , Gernot Kaiser d a EBS Business School, Department of Supply Chain Management & Information Systems, Konrad-Adenauer-Ring 15, 65187 Wiesbaden, Germany Julius-Maximilians University Würzburg, Chair of Logistics and Quantitative Methods, Sanderring 2, 97070 Würzburg, Germany c Zaragoza Logistics Center, C/ Bari 55, Edificio Náyade 5, 50197 Zaragoza, Spain d Technical University Darmstadt, Department of Law & Economics, Hochschulstraße 1, 64289 Darmstadt, Germany b a r t i c l e i n f o Article history: Received 13 December 2009 Received in revised form 23 January 2012 Accepted 1 February 2012 Available online 10 February 2012 Keywords: Supply chain performance Supply chain management practices Demand management Distribution management Survey research a b s t r a c t Traditionally, distribution has been viewed as the key (physical) link between a company’s internal supply chain activities and its customers. More recently, demand management has emerged as a new dimension at the customer interface. Although it has become increasing popular in industry, it has not yet been analyzed in depth with respect to...
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...Chapter 10 THE PRODUCTION BUSINESS PROCESS TEACHING TIPS I usually gloss over the materials on job costing, for my students have covered job costing in their Cost/Managerial course. I do emphasize the need for good ledger control over property, plant, and equipment. THE PRODUCTION BUSINESS PROCESS Production Planning and Control. A sales order or sales forecast cause the creation of production orders which specify items that should be produced. Materials are requisitioned and production is scheduled. Items are produced, inspected, transferred to finished goods inventory, then transferred to shipping to complete the process. Basic production requirements are provided by the bill of materials and master operations list. Resources available for production are communicated to the production control function through inventory status reports and factor availability reports. The production order serves as authorization for the production departments to make certain products. Materials requisitions are issued for each production order to authorize the inventory department to release materials to the production departments. Production status reports are periodically sent from the production departments to the production control function. Cost Accounting Controls. Job costing is a procedure in which costs are distributed to particular jobs or production orders. In process costing, costs are compiled in process or department accounts by periods (day, week, or month).The cost accounting department...
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...2513BPS s2793459 Griffith University Etihad Airways A report on one of the world’s leading airline management systems Prepared by: Course Number: Course Convenor: Course Lecturer: Associate Lecturer: Word Count: Due Date: Extension Approved: Joel Sinclair 2513BPS Mr B Ginn Mr D McBrien Ms P Milton 3004 4 May 2012 14 May 2012 th th i 2513BPS s2793459 Executive Summary The purpose of this report is to review the management system of Etihad Airways. The report analyses Etihad Airways and draws information, justification, and conclusions from the company documents and academic resources. The report is 3000 words, and should be considered by the reader to be a broad overview of the company. The analysis conducted considered organisation background, and how that impacted organisational culture, and structure. In addition to this, the report outlined strategic management and how Etihad Airways stands out in the aviation industry. The report found that Etihad Airways has an Islamic background, that is evident in the fact Etihad is a state- owned airline, established by royal decree in Abu Dhabi. Despite the fact traditional Islamic views were depicted in accessibility of prayer rooms and announced prayers before departures etc., Etihad Airways showed evidence that they sought to accommodate for western culture. This was reflected in...
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...Production Economics 106 (2007) 323–345 www.elsevier.com/locate/ijpe Organizational structures and the performance of supply chain management Soo Wook Kimà College of Business Administration, Seoul National University, San 56-1, Sillim-dong, Kwanak-gu, Seoul, Republic of Korea Accepted 12 July 2006 Available online 26 September 2006 Abstract The objective of this paper is to suggest a set of best organization structures for efficient supply chain management. For this, this paper derives organization types for supply chain management according to the formalization and centralization level of an independent department responsible for supply chain management (SCM) activities, and hierarchical relationship in organizational position and operational responsibility between the SCM department and existing other functional departments. And then, this paper identifies organizational characteristics, which have significant influences on SCM performance by investigating the difference in performance across the proposed organization types. From the results of empirical test, this paper finds that even though too excessive formalization and centralization of the SCM department within a firm may interrupt complete SC integration and performance improvement, a certain range of control by the SCM department is inevitable to build the fundamentals of integrated supply chain management, and thus the temporary pursuit of intensive control focused organization type such as integrated line organization...
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...Verifone Systems, Inc. & NCR Corporation Verifone Systems, Inc. & NCR Corporation Manhattan College B.S. Accounting and Finance Professor Phillips MBA 609-01 Alison Landy 5/3/12 Table of Contents I. Executive Summary Page 3 II. Description of the Companies Page 4 III. Description of the Industry Page 4-5 IV. Business Risk: Nature of the Industry Page 5 V. Business Risk: Economic Climate Page 5 VI. VeriFone Governance Structure Page 5-7 VII. NCR Governance Structure Page 7-8 VIII. Restatement Page 8-12 IX. Business Risks: The Company Page 12-13 X. Accounting Policies and Disclosure Practices Page 14-16 XI. Financial Statement Analysis Page 16- 18 XII. Conclusion Page 18-19 XIII. Exhibits Page 20 XIV. Reference Page 21 Executive Summary VeriFone Systems, Inc. is a company who was involved in fraudulent financial accounting. After examining their financial statements and other public information prior to the restatement, an analysis was done to determine whether information about the fraud was present. In addition, this paper will have a comparative analysis with a company called NCR Corporation, which is in the same electronic payment industry. A comparative analysis will be done on both financial and nonfinancial information regarding accounting policies and disclosure practices in regards to both companies. There are many business...
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... prod. res., 2004, vol. 42, no. 1, 131–163 Understanding supply chain management: critical research and a theoretical framework I. J. CHENy* and A. PAULRAJy Increasing global cooperation, vertical disintegration and a focus on core activities have led to the notion that firms are links in a networked supply chain. This strategic viewpoint has created the challenge of coordinating effectively the entire supply chain, from upstream to downstream activities. While supply chains have existed ever since businesses have been organized to bring products and services to customers, the notion of their competitive advantage, and consequently supply chain management (SCM), is a relatively recent thinking in management literature. Although research interests in and the importance of SCM are growing, scholarly materials remain scattered and disjointed, and no research has been directed towards a systematic identification of the core initiatives and constructs involved in SCM. Thus, the purpose of this study is to develop a research framework that improves understanding of SCM and stimulates and facilitates researchers to undertake both theoretical and empirical investigation on the critical constructs of SCM, and the exploration of their impacts on supply chain performance. To this end, we analyse over 400 articles and synthesize the large, fragmented body of work dispersed across many disciplines such as purchasing and supply, logistics and transportation, marketing, organizational dynamics...
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...Journal of Business & Industrial Marketing Green marketing in B2B organisations: an empirical analysis from the natural‐resource‐based view of the firm Elena Fraj Eva Martínez Jorge Matute Article information: To cite this document: Elena Fraj Eva Martínez Jorge Matute, (2013),"Green marketing in B2B organisations: an empirical analysis from the natural#resource#based view of the firm", Journal of Business & Industrial Marketing, Vol. 28 Iss 5 pp. 396 - 410 Permanent link to this document: http://dx.doi.org/10.1108/08858621311330245 Downloaded on: 26 October 2014, At: 19:59 (PT) References: this document contains references to 87 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 1841 times since 2013* Users who downloaded this article also downloaded: Downloaded by UNIVERSITI UTARA MALAYSIA At 19:59 26 October 2014 (PT) (2007),"Environmental management systems "must measure green performance"", Management of Environmental Quality: An International Journal, Vol. 18 Iss 2 pp. Jerónimo de Burgos#Jiménez, Diego Vázquez#Brust, José A. Plaza#Úbeda, Jeroen Dijkshoorn, (2013),"Environmental protection and financial performance: an empirical analysis in Wales", International Journal of Operations & Production Management, Vol. 33 Iss 8 pp. 981-1018 Lez Rayman#Bacchus, Sumita Sindhi, Niraj Kumar, (2012),"Corporate environmental responsibility – transitional and evolving", Management of Environmental Quality:...
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