...Northco Case Analysis Johannes Röder, 154BB14B 1. How should Michaels think about the costs of over and under-stocking? Identify the elements of over and under-stocking cost in this case. These two cost factors result from the lack of the ability to match supply with demand. The costs of overstocking depict the cost per unit that arise if actual demand is lower than the expected one. In this particular case the elements of overstocking are the orders of customers in advance without payment, the obsolescence of the goods owing to seasonally and frequently changing trends, the large number of variants and variety in fabrics as well as the requirement to order in considerable quantities. The costs of understocking show the loss of profit per unit if actual demand is higher than the quantity ordered. The components of understocking are the significant variation and the high uncertainty in demand, which lead to difficulties with the forecasts in the beginning of the season. Moreover, the fitting processes and managerial actions to avoid leftover inventory are influencing the understock. The shortcomings in delivery are substantially important in this special case, since the failure for one product could result in the loss of a whole account. With a relatively small customer base of 91 schools as well as the two largest clients representing 14 percent of the sales a loss of a customer would result in sharp decrease in profits. In addition, the defect of a...
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...International Kangaroo Mathematics Contest 2012 – Cadet Level Cadet (Class 7 & 8) Time Allowed : 3 hours SECTION ONE - (3 points problems) 1. Four chocolate bars cost 6 EUR more than one chocolate bar. What is the cost of one chocolate bar? (A) 1 EUR (B) 2 EUR (C) 3 EUR (D) 4 EUR (E) 5 EUR 2. 11.11 − 1.111 = (A) 9.009 (B) 9.0909 (C) 9.99 (D) 9.999 (E) 10 3. A watch is placed face up on a table so that its minute hand points north-east. How many minutes pass before the minute hand points north-west for the first time? (A) 45 (B) 40 (C) 30 (D) 20 (E) 15 4. Mary has a pair of scissors and five cardboard letters. She cuts each letter exactly once (along a straight line) so that it falls apart in as many pieces as possible. Which letter falls apart into the most pieces? (A) (B) (C) (D) (E) 5. A dragon has five heads. Every time a head is chopped off, five new heads grow. If six heads are chopped off one by one, how many heads will the dragon finally have? (A) 25 (B) 28 (C) 29 (D) 30 (E) 35 6. In which of the following expressions can we replace each occurrence of the number 8 by the same positive number (other than 8) and obtain the same result? (A) (8 + 8) : 8 + 8 (D) (8 + 8 − 8) · 8 (B) 8 · (8 + 8) : 8 (E) (8 + 8 − 8) : 8 (C) 8 + 8 − 8 + 8 7. Each of the nine paths in a park is 100 m long. Ann wants to go from A to B without going along any path more than once. What is the length of the longest route she can choose? 1 of 7 International Kangaroo...
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...1. What factors have contributed to the large-scale labor surplus at Ford? 2. Ford has decided to pursue employee buyouts and attrition in an attempt to shrink its workforce to match its productivity demands. Why do you think Ford is using these two tactics? Do you think these are the best options for Ford to achieve its goals? 3. What are the downsides of these two approaches? Are there any other approaches you might recommend to address its labor surplus? 1) During the twentieth century ford is one of the successful company in the automobile industry. Ford introduced the assembly line to reduce the price of the automobile. In 2006 the company was suffered from the labor surplus. The demand of the ford automobile is decreased so the company cannot afford to produce more automobile. The profit is decreased and they gone on debt. There was 54, 000 US employee, 23,900 salaried workers in North America and about 12,000 US worker eligible for retirement. The company was paying them their salary and other benefit. The labor cost has increased but the value added in the company by the employee is decreased. There is no match between the organization demand and the labor they had. Ford Company cannot afford the same number of employee even they did previously because the work is decreased then previous. The cost structure of Ford Company has contributed to financial lost. The company pays a lot of money to their employee but the demand of automobile continues shrink. In this...
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...雅思作文模板是很多考生在备考雅思作文的时候，一定会参考的一些资料，因为雅思作文模板对大家快速了解雅思作文的特点和写作要求有很大的帮助。 1. There has been undesirable trend in recent years towards… A recent survey showed that…percent of respondents ranked…as their top priority, compared to…percent only a few years ago. Why do people fail to realize that…? 近年来出现了对社会有害的……倾向。最近的一项调查表明，……的调查对象把……作为他们的首选，相比之下，就在几年前，只有……的人这样想。为什么人们没能意识到……不一定带来幸福呢? 2. I recently read a newspaper article on… The deplorable problem of…has aroused public concern nationwide。 最近，我在报纸上读到一篇关于……的文章。……的问题令人深感遗憾，它已经引起了全国公众的关注。 3. Judging from the reams of evidence presented, we can safely conclude that… 根据现有的大量证据，我们可以有把握地得出这样的结论：…… 4.Along with the development of…, more and more… 随着……的发展，越来越多…… 5.In the past few years, there has been a sharp growth/boom/decline in… 在过去几年内，……有显著增长/激增/明显滑坡…… 6.The ample evidence presented enables us to reasonably conclude that… 提出的充分证据使我们能够合理地得出这样的结论：…… 7.While the rhythm/pace/tempo of people’s living is speeding up, a lot of changes have taken place in… 人民生活节奏加快的同时，……也发生了很多变化。 8.With the fantastic spur both in industry and its economy in China, the number of…is on the rise 随着中国工业经济的迅猛发展，……的数目不断上升。 9.It is commonly believed that the rise in…is the inevitable result of economic development。 人们普遍认为，……的增长是经济发展的必然结果。 10.In recent years, China has experienced an alarming increase in… 最近几年来，中国……有了惊人的增长。 1. According to a recent survey, four million people die each year from diseases linked...
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...SWOT Analysis Ikea. Strengths IKEA is certainly an environmentally friendly business with a keen focus upon sustainability. In years gone by the company had been accused of encouraging wastefulness since it made a very large numbers of furniture products at low prices. As part of an integrated public relations campaign - IKEA now focuses on sustainability and made it an underpinning principle of its business philosophy. In 2011 IKEA has the enviable record of recycling more than 85% of the packaging and other waste from its stores. Products and materials, suppliers, climate change and community involvement are the fundamental principles of IKEA's sustainability approach. For example, IKEA imposes very strict control measures on some of its suppliers, such as those based in the greater China region. IKEA likes satisfied customers. The business manages to score highly in customer satisfaction surveys. Many marketing research companies rank IKEA in their top 10 companies for customer satisfaction. They managed to enhance their brand association with such great results. Let's face it IKEA is probably the biggest furniture retail name in the world. This is a business with more than 10,000 products available on every continent. They offer low prices and products that offer good value. If you want hard wearing and long-lasting, you will pay more for it elsewhere. IKEA has positioned its business offering away from high-quality and high price, and also a way from low quality, low...
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...1. INTRODUCTION Applichem, a manufacturer of specialty chemicals founded in Chicago, had developed a unique product Release-ease to help in formulating a plastic molding compound which released easily from metal molds after compression molding. Applichem had held the patent for it and the product family had been a steady sales and profit generator for the company through 1982. The company has 6 manufacturing plants: 3 in North America (Gary, Canada and Mexico), 1 in Western Europe (Frankfurt), 1 in Latin America (Venezuela) and 1 in Pacific and Rest of the world (Sunchem). Due to variations in number of product lines manufactured, number of packaging varieties, capacities of plants, plant redesigns and regional laws, Applichem experienced large differences in the performance of the manufacturing plants in terms of average yield of raw material and profitability. 2. CURRENT PERFORMANCE Plants Market Designed capacity (Million Lb) 1982 Production (Million Lb) Idle capacity (Million Lb) Capacity Utilization Yield Last update in Equipment Mexico North America 22 17.2 4.8 78.18% 94.70% 1978 Canada North America 3.7 2.6 1.1 70.27% 91.10% 1955 Venezuela Latin America 4.5 4.1 0.4 91.11% 91.70% 1964 Frankfurt Western Europe 47 38 9 80.85% 98.90% 1974 Gary North America 18.5 14 4.5 75.67% 90.40% 1964 Sunchem Pacific 5 4 1 80% 98.80% 1969 The percentage of distribution of Applichem across the plants was as follows: 3. PROCESS FLOW Release-ease was manufactured using...
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...The Effect of Porters Five Forces on the General Merchandisers Industry Threats of New Entrants There is a high threat of new entrants in the general merchandisers industry. There is an extremely large number of general merchandising stores open throughout the country, and many more opening daily because of the ease of entering into this market. After initial entry there are the struggles of high expenses, large amounts of needed capital, and low amounts of time that make it difficult to compete with well-known long standing competitors, but just because new entreats don’t become as successful as existing companies does not mean that the businesses do not get in enough to give the companies an extra challenge Bargaining Power of Suppliers There is Low Bargaining Power of Suppliers. General Merchandisers have a very large number of suppliers willing to stock their shelves, so if one supply does not meet their needs they have no trouble replacing them. Suppliers are forced to work with the companies in the General Merchandise market and cannot bargain to get what they want because they are too dispensable. Rivalry Among Current Firms High Rivalry Among Current Firms is found in the General Merchandising industry. Different competitors must pick things that they are good at to emphasize more and put less resources towards things that they are weak in, so that they can stand out in some area. The large amount of competitors makes it necessary to be the best in one area, so that...
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...Stephanie Minshew SOC-1101-51 SPR – 2014 Final Exam: Joel Best - Damned Lies In the book, Damned Lies and Statistics by Joel Best, Best provides information for people to be able to critically think about social statistics. He pinpoints some common complications with social statistics and provides examples to define his points. By providing examples, it makes understanding the problem easier than by just general statements. He gives the reader tools they can use in every day instances regarding statistics. Making sure that the reader knows how to ask basic questions about statistics they hear. This helps us to understand how sometimes numbers can become mangled within communication. That one cannot compare apples to oranges, that comparison must be fair. That we must be analytical, and critical of numbers, but to also not become naïve or cynical. I absolutely loved his explanation for the way society is often innumerate. He provided a perfect example of how many people don’t process the concept of large numbers. As his example he used a small child and a penny. To a child a penny is a lot of money, but to an older child a penny is not a lot of money. In the same aspect, if you ask an older child if one hundred dollars is a lot of money they would most likely agree that a hundred bucks is a lot of money, but to an adult it’s most likely not a lot of money. That to most people big numbers blend together. There are huge implications to being innumerate. Because some...
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...The 4 P's of Ray-Ban Marketing decisions generally fall into the following four controllable categories: Product Price Place (distribution) Promotion PRODUCT Product/Service The term "product" refers to tangible, physical products as well as services. Here are some examples of the product decisions to be made: Brand name Functionality Styling Quality Safety Packaging Repairs and Support Warranty Accessories and services Ray-Ban have a eyewear products.Ray-Ban become a good brand in eyewear industry. Ray-Ban know what does the customer want from the product and what needs does it satisfy. Ray-Ban just selling googols but in many models. Ray-Ban giving guaranty on some googols glasses for screech. Ray-Ban produces a product which is stylish and different from others eyewear companies like fastrack.Ray-Ban also selling its classics Googols because Ray-Ban know that customer like classical model to wear at present time where the fashion change day by day but Ray-Ban producing their old models and selling. Ray-Ban selling their product at high price because company giving some features like U V protection....
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...GOOGLE, INC. Google Company History Meaning of Google There are many meanings to the name Google. Google originally comes from the word googol, which was coined by a guy name Milton Sirotta. Googol refers to the number represented by the numeral 1 followed by 100 zeros. A googol is considered to be a very large number. There isn’t a googol of anything in the universe. Not stars, not dust particles, not atoms. Google’s use of the term reflects the company’s mission to organize the massive, endless amounts of information available on the web. Before Google’s Time Back in the mid-1990s, company founders Larry Page and Sergey Bin were not too fond of each other when they first met at Stanford University as graduate students in computer science in 1995. Every conversation Larry and Sergey had it was always a debate about every topic that was discussed. Eventually all their strong views and different viewpoints would find some kind of common ground in a distinctive approach to solving one of computing’s biggest challenges; recovering information from an immense set of data. Towards the end of January in 1996, Larry and Sergey began a search engine by the name of BackRub. It was named BackRub because of its unique ability to analyze the “back links” pointing to different websites. A year later, their approach to link analysis was getting BackRub a growing reputation among those who had seen it. The word about the website had spread around campus faster than they expected. ...
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...Other invention that Larry Page and Sergei Brin Created. II. Body A. How did Larry Page and Sergey Brin came up with the thought of google? 1. Larry Page and Sergey Brin Meet at Stanford University. 2. Surgery Brin was assigned to show Larry Page around, both were aiming trying to get a PhD 3. Over a year after Sergey Brin was assigned to show Larry Page around they collaborated together to create a search engine called BackRub. a. Before BackRub was officially out to the public. They operated on the servers on Stanford for a little over a year. Eventually crashing the school server. 4. BackRub was changed to Google.com in 1997, the name came from the mathematical term called googol. Which is 1 x 10100 but while creating the new company they missed spelled “Googol” as “Google” The name was chosen to represent the search engine’s aim of handling huge amounts of data and...
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...Executive Summary Google was founded in 1998 by Larry Page and Sergey Brin, two Computer Science students who graduated from Stanford . The name google was chosen as a play on googol a mathematical term for the number one, followed by one hundred zeroes. Google’s mission was to organize its information and make it useful and accessible to everyone. The management believed it should put the users first. Google faced indirect and direct competition from several competitors. Synopsis of Case Google was founded in 1998 by two graduate students. Google faced significant competition from competitors such as Yahoo, Microsoft, WebMD, Kayak, Monster.com, Amazon.com, and others. Google was subject to increased regulatory scrutiny that had a negative impact on the company. Google faced internet security issues and security breaches. Google was facing some important issues and concerns that could affect not only its future growth but its very survival. In order to ensure their survival the corporation needs to implement better planning procedures, establish plans for diversification, and train the undereducated employees, to increase work quality. Relevant Factual Information about the Problem or Decision the Organization Faced Google currently faces several challenges that range from things such as legal action, international risk, internet security issues, revenue and growth sustainability, and recovering from losses. As Google continues to grow and continued purchasing...
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...out in two different ways. The report will show a company that shows potential growth, while the other shows issues and different path for their business. In the history aspect of our decision, we want to remind you that it may be completely different from what is found in the financial analysis. The background information on what is happening behind closed doors may be very useful. The beginning of Google started in 1995 with Sergey Brin, 21, giving Larry Page, 22, a tour of the Michigan University campus. A year later BackRub was started as a search engine running on Stanford servers but shortly became over powering. In 1997, BackRub was changed to Google. Brin and Page wanted to name their company that would be based off the word “Googol”. Googol is a mathematical term for the number represented by the numeral 1 followed by 100 zeros. (Google) This was their motto word to show their goal of having on going information available on the web. Google became a company on September 27, 1998 shortly after receiving a $100,000 check from Andy Bechtolsheim. (Google) Brin and Page used this money to hire their first employee and build what is known today has the most popular search engine. Google planned to expand their company providing better services. On June 7, 1999 they received $25 million of equity from Sequoia Capital and Kleiner Perkins Caufield & Byers. Several members of these companies were admitted into the board of directors however, Michael Moritz was also a director...
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...First thing foremost, I learned a lot from this class. One thing I would take from this class are the morphemes we learned in class, and how to apply it in everyday life, in our personal and professional lives. There are several words in which I did not know even had a word for, one for example is defenestrate. Another thing, which I have take for granted until I have taken this course, is how NEIU offers the Oxford English Dictionary, and how I have not used it. It can be very efficient and fascinating when you come across where words have actually come from, and how to use the OED. I was born in 1990, there are a few interesting words that were published in the OED that year. Some include Boyf (shortened for Boyfriend), World Wide Web (the internet today as we know it), Drum and Bass (a popular form of Electronic music) and star 69 (the infamous call return service) but, one word that I was surprised in which was first introduced in the OED was props. When giving someone props, you are giving them respect; approval, compliments and esteem. It is slang originated in African-American usage. It first appeared in the Chicago Tribune in the July 2/4 issue in 1990 stating: “I was one of the first female rappers, but I’ve always gotten my props.” Props is the shortened version of Proper. I learned many new words from taking this course. One word in which surprised that even had a word is defenestration, which is the act of throwing out the window. It’s etymology comes...
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...keywords, but with different and many websites with each page. This strategy produces more useful results than other search engines, and led to a rapid increase in Google web search marketshare. Google's other enterprises include Internet analytics, cloud computing, advertising technologies, and Web app, browser and operating system development. In time, Google became the number one search engine in the world. According to Google's website, the company's mission is to "organize the world's information and make it universally accessible and useful." While the Web search remains Google's primary tool for helping user’s access information, the company offers several other services as well. Google has been selected for similarity to the word googol - the number of which consists of a number followed by a hundred zeros - a reference to the large amount of information in the world. Google's own stated mission: "to organize the world's information and make it universally accessible and useful." In the first few years of operation, Google's search engine competition included AltaVista, Yahoo, Excite and Lycos. Within a few years, however, Google became so dominant that the name has become a verb meaning to conduct a Web search. All people like to say that they searched information by Google. The corporation has been estimated to run more than one million servers in data centers around the world and to process over one billion search requests and about 24 pet bytes of user-generated data...
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