...still be delivering to retailers. Case 1: Roma Average Inventory Demand filled by regional warehouse Order cycle Current Model (values in Lire on per piece basis) Operating cost per order cycle Inventory cost per order cycle Transportation cost (10 trucks in 8 days delivering 1200 items) Total cost per piece per order cycle 1200 154.8 7.751937984 (1200/154.8) 961.3333333 (3605*(8/30)) 276 (1035*(8/30) 3166.666667 (0.38m*10/1200) 4404 8 Days TPE Model (values in Lire on per piece basis) Operating cost (8days) Inventory cost Transportation cost (1 small and one big truck daily for 8days) 192.2666667 (20% of 3605)*(8/30) 0 No inventory 3866.666667 (8*(0.38+0.2)m/1200 4058.933333 345.0666667 Saving (Lire per piece per 8 days) Case 2: Catanzaro Average daily demand filled by regional warehouse Demand filled by regional warehouse Order cycle Current Model (values in Lire on per piece basis) Operating cost per order cycle Inventory cost per order cycle Transportation cost (5 large and 4 small trucks in 8 days delivering 1200 items) Total cost per piece per order cycle Transit Point Experiment Scenario 1 (2 small trucks daily) Operating cost per cycle Inventory cost Transportation cost ( 2 small truck daily partially loaded) 58.68 780 13.29243354 (780/58.68) 1551.2 (3324*(14/30) 803.1333333 (1721*(14/30)) 8333.333333 ((5*0.9m+4*0.5m)/780) 10687.66667 14 days 310.24 0 17948.71795 18258.95795 Scenario 2 (1 Big truck daily)...
Words: 1313 - Pages: 6
...still be delivering to retailers. Case 1: Roma Average Inventory Demand filled by regional warehouse Order cycle Current Model (values in Lire on per piece basis) Operating cost per order cycle Inventory cost per order cycle Transportation cost (10 trucks in 8 days delivering 1200 items) Total cost per piece per order cycle 1200 154.8 7.751937984 (1200/154.8) 961.3333333 (3605*(8/30)) 276 (1035*(8/30) 3166.666667 (0.38m*10/1200) 4404 8 Days TPE Model (values in Lire on per piece basis) Operating cost (8days) Inventory cost Transportation cost (1 small and one big truck daily for 8days) 192.2666667 (20% of 3605)*(8/30) 0 No inventory 3866.666667 (8*(0.38+0.2)m/1200 4058.933333 345.0666667 Saving (Lire per piece per 8 days) Case 2: Catanzaro Average daily demand filled by regional warehouse Demand filled by regional warehouse Order cycle Current Model (values in Lire on per piece basis) Operating cost per order cycle Inventory cost per order cycle Transportation cost (5 large and 4 small trucks in 8 days delivering 1200 items) Total cost per piece per order cycle Transit Point Experiment Scenario 1 (2 small trucks daily) Operating cost per cycle Inventory cost Transportation cost ( 2 small truck daily partially loaded) 58.68 780 13.29243354 (780/58.68) 1551.2 (3324*(14/30) 803.1333333 (1721*(14/30)) 8333.333333 ((5*0.9m+4*0.5m)/780) 10687.66667 14 days 310.24 0 17948.71795 18258.95795 Scenario 2 (1 Big truck daily)...
Words: 1313 - Pages: 6
...concerns and allow me a chance to interview Kyle about information I felt was pertinent to the issue at hand. Kyle has some doubts about whether he is qualified to attend the University of his choice, Duke University. He is also concerned with whether he will be successful at all in his future education and career. The purpose of testing Kyle is to provide him with guidance about his future college major and continuing education. Testing Kyle will help determine his strengths, weaknesses and interests to help him find the career and college major that best match his personality. ASSESSMENT METHODS: Examinee Biography Otis-Lennon School Ability Tests (OLSAT) California Psychological Inventory (CPI) State-Trait Anxiety Inventory (STAI) Strong Interest Inventory (Strong)| Big 5 Personality Inventory EXAMINEE BACKGROUND INFORMATION: Kyle Smith is a 17 year old senior at Erwin High School in the small town of Erwin. He is 5'8" and weighs about 143 lbs. Kyle lives with both of his parents and also has two older brothers who left the house when Kyle was around eight years old. Kyle's paternal grandfather was an alcoholic and abandoned his family when Kyle's dad was young. Kyle's dad only received a fifth grade education before he had to quit school to work in the mills. Now he works very hard and supports his family during the week, but is a weekend alcoholic. Kyle describes his dad...
Words: 3747 - Pages: 15
...Columbia, Dick’s, and Sportswear Financial Analysis Lynnette Villarreal Webster University Abstract This paper will address a financial comparison analysis for three like sportswear companies—Columbia Sportswear Company, Dick’s Sporting Goods and Big 5 Sporting Goods, Corporation. The analysis is conducted by leveraging three kinds of financial statistics used to spot issues in companies’ financial information—common size analysis and ratio analysis. The following is a synopsis of the three companies and their financial comparison. It will provide financial data that managers use to keep alert of anything that should be reporting to there top director of the company. Executive Summary The FINC 5880 course is charged to do a financial comparison of three for profit organizations that are publicly traded. Yahoo Finance will be used to retrieve the latest financial for the three companies. This study will compare and contrast the companies by providing background information. Financial statements provide businesses with the basic tools for determining how well their operations perform at all times. Many entrepreneurs do not appreciate that financial statements have a value that goes further than their use as supporting documents to loan applications and tax returns (Gitman, 2006). These statements are concise reports designed to summarize financial activities for specific periods. Owners and managers can use financial statement analysis to assess the past and...
Words: 5303 - Pages: 22
... Company Objectives and Strategy STC’s primary objective was to be the recognized international leader in providing integrated quality management systems to manufacturers of electronic devices and equipment. This objective required maintaining its leadership in creating new test technologies and new products for all segments of the design and test markets. This commitment to maintain fundamental superiority in test expertise required very heavy spending on research and development. Case Analysis Early in march 1985, Bill Watson, president of STC was reviewing a 5 year financing plan prepared for the company by Harry Finson, Chief financial officer. After some study, Mr. Watson identified several questions for further consideration and resolution: 1. In view of the uneven growth in sales, inventories and receivables and earnings in the past were Mr. Finson’s 5 year forecast useful? Mr. Finson’s 5 year forecast is somewhat useful because the...
Words: 727 - Pages: 3
...3 phase approach to solid inventory record system o Design of the inventory record system and creation of the internal capabilities to put into place and keep it operating o Straightforward development of initial inventory balances o Ongoing operation and control of the inv record system, where responsibilities are defined and sources of errors can be located and eliminated. • measuring inventory accuracy needs to take into account tolerance. Might miss exact number on most of the items but might fall within the % variance of each item and then no problems. Thus overall inventory accuracy = (total accurate records / total records checked) *100 = % of accuracy • dollarizing value of firms inventory may be accurate to penny but that accuracy could hide appalling level of part specific inaccuracy. • tolerances may be set based on a products: o usage o dollar value o lead time o level in the bill of material o criticality o method of handling • most companies multiply usage by value in order to compute ‘dollars spent during the year for each part’. That typically will follow 80/20 rule. 80% of dollars spent per year will be on 20% of parts. Chart would be: ▪ Cost Class Parts Puchased % $ Spent % Tolerance % ▪ A 20 80 +/-0 ▪ B 30 15 +/-2 ▪ C 50 5 +/-5 • This however ignores the velocity of...
Words: 1251 - Pages: 6
...Answers to guide questions 1. Ribbons and Bows performance from April to June 2010 shows a net income (before tax) of $1,480. As a start up company, it was able to sustain its operations and produce its key business elements. The company’s profit during this period may not be as impressive as those from established businesses but “fairly satisfactory”. |Cash | |Dr |Cr | |3/31 4,000 |5/1 1,800) (Sewing Machine) | |5/30 7,400 |5/30 1,510 (Salaries expense) | | |5/30 1,800 (Rent expense) | | |5/30 2,900 (Merchandise) | |11,400 |8,010 | |$ 3,390 | | Looking at the Cash T-account, a total of $8,010 went out to cover expenses with only $7,400 cash revenue. Expenses exceeded revenues. If it weren’t for the working capital of $4,000, they wouldn’t...
Words: 700 - Pages: 3
...information: 4 4. McDonald’s operation strategy: 5 5. Supply network: 5 6. Operation management: 7 7. Theory and practise: 10 8. Wastes and solutions: 13 9. Conclusion: 15 10. Reference list 16 1. Abstract McDonald’s is the largest chain of global foodservice retailer, their global operation strategy calls “plan to win” which means focus on improving existing food and service rather than overextension. Therefore, there are 3 factors need be concerned: supply chain management, operation management and potential waste of operation. Firstly, the objectives of supply chain management are that: control the quality of suppliers, ensure the logistic work efficiently, and monitor the information flow between each process, hence to make customers satisfied with our food. Secondly, we analyse the process of producing a Big Mac meal, then we found that, due to the high volume of production and low variation in demand, McDonald’s order qualifying factors are low price and quick service. Moreover, to attract more customers, the order winning factors are better quality with valued price of food and higher flexibility of choice. And managers also need to ensure all staff receive specific skill training, especially those work in high visible sector, like casher and French fries station. Finally, avoiding potential waste is also important to improving operation results. In this case, we main focus on Muda of overproduction, inventory and waiting. And we provide some suggestion to...
Words: 3320 - Pages: 14
...Personality and Individual Differences 39 (2005) 317–329 www.elsevier.com/locate/paid GoldbergÕs ÔIPIPÕ Big-Five factor markers: Internal consistency and concurrent validation in Scotland Alan J. Gow *, Martha C. Whiteman, Alison Pattie, Ian J. Deary Department of Psychology, School of Philosophy, Psychology and Language Sciences, University of Edinburgh, 7 George Square, Edinburgh EH8 9JZ, Scotland, UK Received 12 May 2004; received in revised form 16 July 2004; accepted 17 January 2005 Available online 2 March 2005 Abstract GoldbergÕs (2001) IPIP Big-Five personality factor markers currently lack validating evidence. The structure of the 50-item IPIP was examined in three different adult samples (total N = 906), in each case justifying a 5-factor solution, with only minor discrepancies. Age differences were comparable to previous findings using other inventories. One sample (N = 207) also completed two further personality measures (the NEO-FFI and the EPQ-R Short Form). Conscientiousness, Extraversion and Emotional Stability/ Neuroticism scales of the IPIP were highly correlated with those of the NEO-FFI (r = 0.69 to À0.83, p < 0.01). Agreeableness and Intellect/Openness scales correlated less strongly (r = 0.49 and 0.59 respectively, p < 0.01). Correlations between IPIP and EPQ-R Extraversion and Emotional Stability/Neuroticism were high, at 0.85 and À0.84 respectively. The IPIP scales have good internal consistency and relate strongly to major dimensions of personality...
Words: 6942 - Pages: 28
...automotive spare parts supplier and retailer in Kalimantan Barat since 1990. Serayu Motor is headquartered in Pontianak with distribution area throughout Kalimantan Barat. As a player in the automotive industry, Serayu Motor has burdening problem that caused from their inventory system. Within this report, our group will conclude a way to define, measure, analyze, improve and control for Serayu Motor to gradually solve the problem. Hopefully the proposed suggestion will be beneficial for Serayu Motor to maintain their business. Jakarta, 27 November 2011 CHAPTER 1 COMPANY OVERVIEW 1. Background Serayu Motor has been a leading automotive spare parts supplier and retailer in Kalimantan Barat since 1990. Serayu Motor is headquartered in Pontianak with distribution area throughout Kalimantan Barat. The company specializes in heavy vehicles spare parts and industrial equipment for a wide variety of industries. These industries include forestry, mining, palm plantation, and infrastructure. The company is founded by Iskandar Tansari who already in automotive spare parts industry since 1980 with Metro Motor that focused on supplying spare parts to big industries and have flourished because of its dedication to providing the highest quality of spare parts and surpassing service standards that results in a value that is unmatched. The companies then merged into Serayu Motor and combined the customer bases. 2. Vision and...
Words: 2191 - Pages: 9
...successful till now and Big Bazaar has also been successful with its policy of low price selling to consumers which is typically demanded by indian consumers. It also has its tag line to be “Isse sasta aura cha kahin nahi” . While big players like wal-mart are internationally renowned stores for their convenient stores with broader alleys , lesser waiting offering convenience to customers. They have larger stores than those big bazar and have a greater product offering and yet believe to concentrate quality first and yet is the retail store to sell products at lowest cost worldwide. Because there has been a wide range of customers that stays of hustle and and when stores may offer convenience with lower prices as for big players like Walmart , Big Bazaar definitely will shake with its concept of “indian bazaar environment” as development grows indian population has also shown a shift from inconvenient traditional bazaars to convenient malls. ANSWER 2 The traditional SCM has been succesfull for BB though Reliance opting for exclusive SCM has till now failed to be successful as the exclusive SCM is quite expensive for FMCG sector. Reasons for it being inventory management i.e. inventory carrying cost and government regulations. Firstly , big bazaar doesn’t hold more than 5-7 percent reason being they order like multiple regular orders instead of one big order providing them two benefits- they don’t have to maintain huge inventories reducing inventory cost and also it solves...
Words: 710 - Pages: 3
...declining sales are: 1. Ineffective strategy from the management board While e-commerce is booming and Internet sales are flourishing, Best Buy has not developed its Internet retailing operations aggressively, and is falling behind other virtual retailers. From 2006 to 2011, online sales of consumer electronics have seen overall value growth of $9 billion (Euromonitor International, 2012). One of Best Buy’s competitors, Amazon, is a profitable e-commerce business. It has captured many customers with its cheaper options, fast shipment, and convenient way to shop. Euromonitor International (2012) asserts that although Best Buy’s Internet retailing operations have a significant growth rate of 17%, Internet sales account for only 5% of the company's total sales value in 2011.This statistic shows that Best Buy is lagging behind competitors in e-commerce business. Best Buy’s strategy did not follow the online shopping trend, failed to build up its Internet retailing operations, and thus attracted fewer customers. 2. Lack of institutional and individual skills Best Buy’s poor marketing, sales, and innovation skills have caused its disappointing...
Words: 1432 - Pages: 6
...complete. Not just that, but also company needs to have bigger storage or space for this kind of situation. Objectives: 1. To rent a bigger warehouse wherein they can accommodate the inventory resulting to increase the holding cost. 2. To have Inventories management 3. To Allocate of raw materials 4. To Schedule about how products to produce so that it will not be sitting around their warehouse. 5. To Develop forecasting methodology and techniques to understand the demands. SWOT ANALYSIS: STRENGTHS: 1. They are very good about customizing their products. 2. Customers already know about their capabilities as a producer. 3. Good quality of their products 4. Proper management because they are no complains about their product 5. Good quality control WEAKNESSES: 1. Customized furniture are given more consideration because they are more saleable compared to the standard products. 2. They don’t have proper warehouse that will fit their inventory. 3. Other standard products are not finished because if there is a new customized product they will make it first. OPPORTUNITIES: 1. They can widen their sales because they have good reputation for their customers. 2. There sales will be better if they will have innovation in their management. 3. Big warehouse means big space where they can have more space for their products and able to sale more Threats: 1. Some products will be destroyed/damaged because they don’t have enough space to place...
Words: 703 - Pages: 3
...rivalry higher (price war) - Bargaining power of supplier high - Leader change -> policy, goal - New opportunity market (tablet) - PC market stagnant - Still focusing in US market - US crisis, decrese in ability to pay -> demand changes-------- - Government regulation - to go green (higher cost) - Inventory cost higher (dead stock higher) - R&D cost 1% revenue made to stock) mass production - Segment changes (corporation -> home user) External Analysis PEST Analysis Political: Governments forces the industry to use technology that go green. Economical: Economic downturn, make the customer think twice to buy a PC`s for themselves. They prefer lower spec PCs in purpose to reduce the price. Socio culture: Customer behavior in US, it shown that people who using PC`s are growth year by year. That was the opportunity that even the economic was in crisis, people are still need PC. Technological: An additional technological trend impacting the computer industry is that customers prefer to use a single vendor for all of their computing platforms. From the customer’s perspective, this simplifies technology upgrades and one company is accountable for all of its needs. 5 Forces Analysis Understanding the external environment is key to successfully competing in the computer hardware industry. Porter’s Five Forces of Competition provide a framework for Dell to outline the bargaining power of suppliers and customers, the threat of new entrants, the threat of substitutes...
Words: 2314 - Pages: 10
..................................................................................................... 4 MySCU ........................................................................................................................... 4 Elluminate Live! ............................................................................................................. 4 Where to get help ...................................................................................................................... 5 School enquiries ............................................................................................................. 5 IT&TS helpdesk.............................................................................................................. 5 Academic Skills Development Unit ............................................................................... 5 Student Services ............................................................................................................. 5 Library...
Words: 4247 - Pages: 17
