...E. Identify the inventory management method you recommend, and explain why this method will benefit the company. “Inventory management is a practice of tracking and controlling the inventory orders, its usage and storage along with the management of finished goods that are ready for sale” (Borad 2018). It is crucial that a company has an inventory management technique in place because the lack of an inventory management system results in increases in storage fees and idle production times, frozen working capital, and the wasting of materials and labor resources. The company also experiences a decrease in revenues and customer satisfaction. For example, Hampshire Company currently utilizes Manufacturing Resource Planning (MRP) to manage its inventory. Under the MRP inventory management method, the amount of inventory to be produced is based on the anticipated yearly sales forecast. Hampshire Company forecasted that they would sell 60,000 umbrellas at $12.50 each and make $750,000 in revenues during 2014. The manufacturing department, therefore, decided to produce 80,000 umbrellas to be prepared for cases where defects, returns, and spoilage may occur (Borad 2018) (Orlicky 2018). More than likely, Hampshire Company is going to use the last-in-first-out (LIFO) method to ensure that the 20,000 umbrellas left in inventory will be sold to consumers first. Even though the LIFO method is effective to release the ending inventory from the prior year, the storage costs and...
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...With technical compliance they have to make sure that they are making payroll and making sure that it all is matching up with what they are reporting. Stalk holders, you have people depositing money into a company, they are investing their money and there are some that are investing there time. Yes it is ethical, because they are doing the right things by the books. 4. They need to make sure that everyone is reporting everything they supposed to. They need to make sure that people are not going along with this man scheme, and they might need to hire more people that is reliable and that will follow the company ethic values. 5. Anderson was facing something big, because it is really hard to be demanded to do something that you really do not have a reason for. Now firing a person for a wrong reason is not good at all. Anderson could have got fired for what he did. I feel that was a wrong reason to fire someone, because they did not go along with something bad that was going on in the company. Anderson should have went to someone over him to report this, because the auditor can come back and sue the company...
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...Because of the high value of inventory, theft of inventory is the favorite target of employees. The embezzlement could occur in Dell Inc. Therefore, further investigation such as physical account of inventory and tracing or vouching method should be developed in inventory account. Furthermore, based on the SEC 2010 report, SEC charged Dell’s Chairman and CEO, former CEO and Former CFO $100 million with fraudulent behavior. And recent SEC compliant reports represent that illegal insider trades exist in Dell. Our audit team would concentrate more on the off-balance sheet information. 6.3 Identify Related Parties Dell Inc. Corporate governance policy requires that the CEO and CFO must sign certain representations regarding annual and quarterly reports and reviewed by audit committee. Since we rely on Dell Inc.’s inventory control after assess the internal control risk, we can assume that there is no misstatement or fraud with related parties’ transactions. 6.4 Preliminary Analytical Procedures We will use analytical procedures to see where the potential problem areas might exist in Dell’s balance account. In this stage, our auditors will use their experiences and professional acknowledge to expect what the account balance should be by using vertical and horizontal analyses of comparing current-year account balance to prior-year. Therefore, we will start with Dell Inc. prior fiscal year 2012 and calculate year-to-year changes in balance sheet and...
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...HRM 531 WEEK 2 EMPLOYMENT LAW COMPLIANCE PLAN To purchase this, Click here http://www.activitymode.com/product/hrm-531-week-2-employment-law-compliance-plan/ Contact us at: SUPPORT@ACTIVITYMODE.COM HRM 531 WEEK 2 EMPLOYMENT LAW COMPLIANCE PLAN HRM/531 Human Capital Management Complete the Employment Law Compliance Plan task as described in the message from Traci on the Atwood and Allen Consulting Page. Individual Assignment: Employment Law Compliance Plan Purpose of Assignment For this task, Traci has asked you to develop an employment law compliance plan for your chosen client. This task will help you gain a better understanding of employment laws at the city, state, or national level. It is also important for you to understand how to be compliant with the applicable laws, and what the consequences are of noncompliance. Knowing laws that are applicable to employment in various business situations is essential starting and maintaining a successful business. Lists at least 3 employment laws the client must be concerned about Includes brief summary of each law Includes consequences of noncompliance with laws Includes recommendations for compliance with identified laws The paper is no more than 1,400 words in length. Format your paper consistent with APA guidelines. Use at least two (4) references from the reading assignment, Internet articles, Electronic Reserve Readings articles, or HR journal articles to support your paper. At least one(1) in-text citation must...
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...HRM 531 WEEK 6 LEARNING TEAM ASSIGNMENT To purchase this visit here: http://www.activitymode.com/product/hrm-531-week-6-learning-team-assignment/ Contact us at: SUPPORT@ACTIVITYMODE.COM HRM 531 WEEK 6 LEARNING TEAM ASSIGNMENT Complete the Recruitment and Selection Strategies Recommendations task, as described in the Email from Traci, located on the Atwood and Allen Consulting page. Individual Assignment: Recruitment and Selection Strategies Recommendations Presentation: You currently work as a human resource management consultant, and you have scheduled a presentation to pitch your organization's value to a company that you have worked for in the past. Prepare a 12-15 slide Microsoft® PowerPoint® 15-20 minute presentation that will be used to present your assignment. Include the following components in your presentation: Purpose of Assignment For this task, Traci has asked you to develop some recruitment and selection strategy recommendations for your client. It is important for you to understand the relationship between the business strategy and the recruitment and selection strategies. Having appropriate alignment and clear goals helps to ensure that a business is recruiting and selecting the right candidates. It is also important that you examine the importance of a diverse and inclusive workforce in today's global economy. This includes diversity in the recruitment and selection strategies. Resources Required Week Six e-mail from Traci and Week Six client...
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...HRM 531 WEEK 5 LEARNING TEAM ASSIGNMENT To purchase this visit here: http://www.activitymode.com/product/hrm-531-week-5-learning-team-assignment/ Contact us at: SUPPORT@ACTIVITYMODE.COM HRM 531 WEEK 5 LEARNING TEAM ASSIGNMENT Complete the Training Plan task as described in the Email from Traci on the Atwood and Allen Consulting page. Learning Team Assignment: Training Plan Purpose of Assignment For this task, Traci has asked you to develop a training plan for your client. This task requires you to develop an effective learning process that aligns with the chosen business's organizational strategy. You also consider how to use a needs assessment to identify areas of learning opportunities, and then select the appropriate training methods to optimize training effectiveness. You also need to explore strategies for evaluating employee training and development activities to ensure they are achieving the intended purpose. Developing a training plan, from needs assessment through the evaluation strategies, is important to ensure your workforce is receiving the knowledge and skills necessary to best perform its duties. Resources Required Week Five e-mail from Traci and Week Five client communications Includes a plan for needs assessment, which may involve the following:Environmental analysis Organizational analysis Demographical analysis Operational analysis Individual analysis Includes a plan for training methods, which may involve the following:Types of media Learning...
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...HRM 531 WEEK 4 PERFORMANCE MANAGEMENT PLAN A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=hrm-531-week-4-performance-management-plan Visit Our website: http://hwsoloutions.com/ Product Description HRM 531 Week 4 Performance Management Plan, Supervision and primary organizational modification within today’s business involves flawless purposes and position among divisions and staffs. The foundation for such alteration is the performance plan, stepping stones to a definite future. How effectiveness methods and highpoints in meeting its performance strategy will be key reasons for success. The purpose of this paper is to present the arrangement implements used to attain calculated development points over single rights. These tools consist of a professional model, an expressive model of preferred worker skills, a fiscal incentive system, and a performance assessment system, all dedicated upon structural and planned alignment. Bradley Stone field Limousine Company should have stimulates workers to constantly attempt for the highest levels of performance. We designed a performance management plan to meet the expectations of the company: Employee Ratings, Employee Incentives and Employee Compensation is provided every day, not only during review intervals. Positive criticism is provided on areas to be handled. Workers are motivated to evaluate their job responsibilities and duties and notify management of issues. Workers are motivated to talk about frustrations...
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...InterClean Company Development Plan University of Phoenix-Diamond Bar HRM/531 Human Capital Management September 19, 2010 InterClean looks at two key elements of a job analysis, one it identification of major job requirements (MJR) which are the most important duties and responsibilities of the position to be filled. They are the main purpose or primary reasons the position exists. The primary source is the most current, official position description. The second element is identification of knowledge, skills and abilities (KSA) required to accomplish each MJR and the quality level and amount of the KSA’s needed. Most job analysis deal with KSAs that are measurable, that can be documented, and produce meaningful differences between candidates. Typically, possession of KSAs is demonstrated by experience, education, or training. Goals of KSAs is to identify those candidates who are potentially best qualified to perform the position to be filled. (U.S. Department of Interior, 1998) InterClean ------------------------------------------------- ...
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...Cost/Benefit analysis of Employee Training programs University of Phoenix HRM/531 Training is a process that can provide significant value and rewards that far outweigh its financial costs. The effects of training touches the lives of employees from the first day of a new job through retirement The purpose of this paper is to show how employee training benefits not only the organization but also the environment as well. The reader will be introduced to an oil distribution company undergoing costly problems because of poorly trained employees. These problems have resulted in repeated environmental violations. An analysis of the company was conducted to weigh the cost/benefits of incorporating an effective employee-training program to address the problem. The outcome of the analysis will determine whether the training is financially feasible, or if another project should be pursued. In addition, the effect of management behavior on productivity, the definition and use of behavior costing, effects of high performance work policies on business financial performanceas that relate to the company; along with recommendations based on researched data gathered will be given in this paper. Training is defined as an activity leading to skilled behavior. Employee training involves a set of planned activities that organization will have their employees complete in order to increase their job knowledge, skills, and abilities. In practice, training gets employees accustomed...
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...http://homeworktimes.com/downloads/acc-202-complete-course-acc-202-entire-course/ http://homeworktimes.com/downloads/acc-206-entire-course-new/ http://homeworktimes.com/downloads/acc-206-new-week-1-assignment-chapter-one-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-assignment-chapter-two-three-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-journal-institute-management-accounting/ http://homeworktimes.com/downloads/acc-206-new-week-3-assignment-chapter-four-five-problems/ http://homeworktimes.com/downloads/acc-206-new-week-3-journal-hershey-company/ http://homeworktimes.com/downloads/acc-206-new-week-4-assignment-chapter-six-seven-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-chapter-eight-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-final-paper/ http://homeworktimes.com/downloads/acc-212-financial-accounting/ http://homeworktimes.com/downloads/acc-250-complete-course-acc-205-entire-course/ http://homeworktimes.com/downloads/acc-290-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-291-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-340-entire-course-acc-340-complete-course/ http://homeworktimes.com/downloads/acc-400-complete-course-acc-400-entire-course/ http://homeworktimes.com/downloads/acc-407-entire-course/ http://homeworktimes.com/downloads/acc-455-complete-course/ http://homeworktimes.com/downl...
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...|[pic] |Course Syllabus | | |School of Business | | |HRM/531 | | |Human Capital Management | Copyright ©2011 by University of Phoenix. All rights reserved. Course Description This course prepares students to address the concepts of personnel development as managers. Students learn criteria for developing effective job analysis, appraisal systems, and appropriate career development plans for employees. Other topics include personnel selection, employee compensation, benefits, training, workplace diversity, discipline, employee rights, unions, and management behaviors. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies...
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...Week 4 Learning Team Reflection Amber Hart. Jacob Lewis, John Froedman, Trish Small, Caitlyn Sanders HRM/531 May 4, 2015 Professor Stapleton Week 4 Learning Team Reflection Amber Hart This performance management plan for Landslide limousine is meant to ensure a positive structure and developed strategies to capture the market and keep employees. Without a functioning plan, the business will find it hard to thrive in the current market. I discussed a plan that would help recruit the best people for the right position, and develop an alignment between the employee’s goals and the company’s goals. Communication lines established at the beginning of the business are paramount due to businesses that fail due to a lack of a good plan. The job analysis I discuss shows how everyone contributes to making a great one. I went a step further to give examples of a form that needs to be filled out to show employees and management what is required by the employee to complete the tasks related to the position. This information will be used to help correct position functions to be more beneficial to the employee and the company. Communication received and given in all directions is believed to be a cornerstone the businesses success. I discussed the 360-degree feedback and how it would relate to a customer service company, such as this limousine company. Jacob Lewis Landslide Limousines is a company that wants to thrive on the success and reputation of its employees. Mr. Bradley...
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...Employment Law Compliance Plan HRM/531 June 6th, 2015 Employment Law Compliance Plan Memorandum To: Traci Goldman From: Date: 06/06/2015 Subject: Employment Laws Regarding your request, I am to prepare an employment law compliance plan for Ms. Mary Lee Luther, HR Director for Clapton Commercial Construction. I understand that the company is based in Detroit, Michigan but would like to expand their business in Arizona. The company currently employs 650 employees and would be adding 20% personnel in the new state. Although there are common federal employment laws that are applicable to both states, there are a number of employment laws that vary from state to state. I will first delve into discerning the laws in Michigan and Arizona: State Child Labor Laws Under the Fair Labor Standards Act, the federal government has set a minimum age requirement for a youth seeking to work as well as employment limitations on individuals under the age of 18 (Federal Child Labor Laws, 2013). The law further distinguishes between agriculture and non-agriculture employers. Children or youth under the age of 14 are not allowed to work for non-agricultural employers unless they are employed: 1. by their parents in non-hazardous jobs 2. as actors or performers 3. Delivering news paper 4. Home workers making wreaths from natural materials Children ages 14-15 may work but with limited hours. Children 16-17 may work but cannot be employed in hazardous industries as deemed...
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...| |Instructor Policies | | |HRM - 531 | | |Human Capital Management | | | | |Campus: WEST LOOP LEARNING CENTER |Schedule:03/17/2011 - 04/21/2011 | |Class Hours: 6:00 – 10:00pm | | |Facilitator Information | | | |Dr. Don Wicker | |dwnee@email.phoenix.edu (University of Phoenix | |dwnee1234@aol.com (AOL) ...
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...Performance Management Framework Mr. Stonefield is starting his own business in Austin, Texas, called Landslide Limousine Service. One of the fundamental elements to building this new business venture is creating a framework for performance management. The framework must include necessary employee job skills, the methods used for measuring these skills, the process for addressing skill gaps, and the approach for delivering effective performance feedback. It is important to understand how the performance management framework (PMF) aligns to the organizational business strategy. Mr. Stonefield previously stated he wants to provide first-class transportation to his customers. His goals are realistic for the first year with an anticipated -$50,000 in revenue, and 10% turnover. The success of the business’s performance management will ensure there will not be any additional lost revenue, and turnover stays at, or under target. The goals set in place lay the foundation for the future of this company, and a clearly defined PMF will foster highly engaged employees and lead to continual revenue growth. It is imperative Mr. Stonefield’s employees have the necessary job skills to allow Landslide Limousine to achieve its goals and gain a positive reputation. A job analysis is “The process of obtaining information about jobs, including the tasks to be done on the jobs as well as the personal characteristics necessary to do the tasks” (Cascio, 2013, p.690). Mr. Stonefield has elected Atwood...
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