...Slide 7: Asset Based 3PL An asset based service holds many supply chain management "assets". These assets may include anything that is pertaining with supply chain management, including technology systems, truck fleets, vehicles, aircraft, warehouses, warehousing equipment, forklifts etc. As you can see you would be restricted to using the assets that this third party logistics company suggests. There is no doubt you will be better off then before, but here is the real question to ask yourself: How do I ultimately know I am getting the best value available out there? Can you also see how this conflict of interests could pose a problem when it comes to handling claims resolution if they are using their own trucks and equipment. Pretend for a moment that if you had a claim on damaged freight, would you feel at ease with the idea that your claim would be handled in the shortest time and reimbursed for the highest value possible? Slide: 7 Non Asset Based 3PL This 3PL performs all of the services of a third party logistics service such as quoting freight, scheduling pickups and deliveries, routing, and auditing, but doesn't need to own all of the transportation assets that an asset based 3PL would own. Instead, this type of 3PL usually possesses only desks, computers, and freight industry expertise. Now you can see why they are referred to as "transportation consultants". Now this is an important point to dwell on, since a non asset based 3pl is not restricted to using any particular...
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...America can mention the most common and well-known political parties; Democrats and Republicans. But, people don’t know much about the third parties. Examples of third parties are the Know Nothing Party, Southern Democrats, Liberal Republicans, Populists, Bull Moose, Progressives, States Rights, American Independence Party, Independent/Reform Party, Green Party. These parties had a significant impact in American history because they took out votes from the Republicans and Democrats as well as they had radical changes and idealisms to the American government. In the 1840s many immigrants came to America. The Irishmen settled on the Eastern seaboard and the Germans moved out to the farmlands in the Midwest. The majority of these...
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...Third parties in the United States do not win, but they tend to keep elections interesting. Although third parties bring in votes for themselves, a majority of them have extreme views on issues. These types of views cannot put a party at the top of a nation that mainly consists of moderate individuals. America has one of the most advanced democracies and as a result has developed the two party system. The reason why a two-party system overpowers a three-party system is because, ideally, the constitution only has two sides to it, the opposing and the supporting. There are numerous third parties, the most successful one being the Libertarian party. While the United States is largely a two party system, third parties have been around for hundreds...
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...Geoffrey Giles Debt collection through the use of a third party as is the case in this article is explained to be quite beneficial with the advantages out weighing the disadvantages by a notable margin. Rather than waiting or trying to collect the debt themselves or performing an “In House” debt collection, these third party entities are able to go out and promptly recover the debt from these anonymous parties, thus eliminating or at the very least narrowing the possibility of higher consumer prices and borrowing costs, all the while relieving stress on the government as well, since all these uncollected taxes, fines and debts put a notably significant strain on the government budget as a whole. Though unfortunately it doesn’t quite end there, as these events ricochet towards business failures and even further job loss. Businesses both large and small will reap the benefits on gathering all these previously uncollected debts, as they will see their bad debt cost kept down, thus reducing their respective risk of financial insolvency and ultimately bankruptcy. And all of this is to say nothing of these third party agencies providing employment themselves, in the sum of roughly one hundred and thirty thousand jobs, and indirectly supports the employment of thousands upon thousands more through their actions. While some would argue that they are richly compensated for their actions, the advantages of using these third party debt collectors. Of the incredibly significant fifty five...
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...comfortable with many of the terms and the processing of insurance, I felt more comfortable discussing issues with customers who had questions. However, I still noticed that I struggled with insurance rejections and how to fix them in the Lewis system. I decided that learning the ropes of insurance rejections is something that comes with experience and practice. Although many of concepts of third party billing are taught during pharmacy school, it seems like they are only addressed in quick lectures that don’t require much critical thinking. An option to improve this deficit would be to address the information early and often. Repetition is one of the best ways for me to commit knowledge to long-term memory. I vaguely remember one or two labs in pharmacy practice where we practiced filling a prescription and billing it through a fake third party. If this lab was repeated more often with different kinds of rejections that are common in a community pharmacy, I think that would greatly help improve comprehension. Moving forward, I hope that with more practice I will gain a greater understanding of third party billing. I plan to discuss with my preceptor or fellow coworkers any questions that arise during my rotations and throughout my...
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...Third Party Conflict Resolution January 17, 2013 Third Party Conflict Resolution In the negotiation process, the use of third-party conflict resolutions often comes into play when parties cannot seem to reach an agreement regarding resolving mutual interests. These types of third-party conflict resolutions are: arbitration, collaboration, litigation and mediation. For the Seatcor Manufacturing Company, the use of third-party conflict resolution is necessary. The researchers of Team A have reported collaborative ideas of this case by (1) analyzing the possible intervention strategies, (2) applying what is thought to be the best strategy, (3) explained how the best strategy should resolve the conflict, and (4) developed a contingency plan in case the best strategy does not work, or is rejected. Intervention strategies Possible intervention strategies include negotiation, mediation, arbitration, litigation, collaboration and hybrids. Two types of hybrid intervention strategies are mediation – arbitration and arbitration-mediation. • Negotiation - There are four elements to the negotiation process, which include managing interdependence, engaging in mutual adjustment, creating or claiming value, and managing conflict. Negotiations consist of two or more parties be that individuals, groups, or organizations. A conflict of needs and desires exist between parties and the parties chose to negotiate. Parties expect a “give and take” process that is fundamental...
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...Third Party Risk Management: Job Description Intern-S15HEINTNG-IIMUDescriptionAbout Deloitte “Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTTL and each DTTL member firm is a separate and distinct legal entity. Each DTTL member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors and may secure the provision of professional services in their territories through subsidiaries, affiliates, and/or other entities. In the United States, Deloitte LLP is the member firm of DTTL. Services are primarily provided by the subsidiaries of Deloitte LLP, including:• Deloitte & Touche LLP• Deloitte Consulting LLP• Deloitte Financial Advisory Services LLP• Deloitte Tax LLP In India, Deloitte LLP has the following indirect subsidiaries: Deloitte & Touche Assurance & Enterprise Risk Services India Private Limited, Deloitte Consulting India Private Limited, Deloitte Financial Advisory Services India Private Limited, Deloitte Tax Services India...
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...Third Party Relationship Party Vendor/third party relationships are an important part of ___FCU’s core purpose. It is necessary and prudent that ___FCU establish and manage these types of relationships in order to strategically provide services and products we could not provide on our own. This policy will provide reasonable assurance that management is appropriately managing contracted critical vendor relationships for a maximum benefit with the least amount of risk. Senior management must ensure that all risks have been taken into consideration along with the benefits to the CU and its members, and that the risks and returns are acceptable. Careful consideration must be given to the potential risks of these relationships and how best to manage them in specific regard to the amount of control given to the vendor vs. related risks in a given situation. The length of time ___FCU has worked with a vendor will directly influence the components and depth with which a relationships in which our expectations have been met. Critical Vendor The Board has defined a “Critical Vendor” as a vendor that provides a unique service of high importance to ___FCU that cannot be easily replaced in the event the vendor is no longer able to perform. Planning and Assessment ___FCU will use the Service Provider spreadsheet to document all risk assessments. Critical vendors: There must be planning and an initial risk assessment prior to entering into any new critical vendor relationship...
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...“Ruger Clinic” Healthcare Finance – HSA525: An Introduction to Accounting and Financial Management May 1, 2011 Instructor Feedback Grade: 320 out of 320; Comments: Hi, Excellent job on the Ruger Clinic assignment. Abstract This paper discusses the following topics: value of the cost pool; The Housekeeping Service department of Ruger Clinic scenario; cost-volume-profit (CVP) analysis; capitation rates: fee-for-service approach; cost approach, and demographic approach, and conventional versus zero-based budgeting. Key words: cost pool value, cost-volume-profit (CVP) analysis; capitation rates: fee-for-service; cost, and demographic approaches, and conventional versus zero-based budgeting. Ruger Clinic 1. What is the value of the cost pool? A cost pool is “a grouping of costs that must be allocated” (Gapenski, pg 165) but “it may be beneficial to separate the costs of that support department into multiple pools” (Gapenski, pg 166) if services of the support department differ substantially. For our scenario the value of the cost pool is $100,000 in direct total costs of the Housekeeping Services department. 2. What is the allocation rate if: a) Patient services revenue is used as the cost driver? The formula for the allocation rate when patient services is used as the cost driver looks like this: Patient Services Revenue: $100,000 (direct costs) / $ 5,000,000 (patient revenue) = $0.02 per revenue dollar (allocation...
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...Are third parties doomed to failure in the USA? The success of third parties within the US can strongly be argued, in that they are ’doomed to failure’, in particular through recent years. This can be explained due to the vast sum in financial demands in which third parties cannot meet due to the inability to gain credible reconciliation to obtain huge sums of funds, and thus continue to live in the shadow of the Republicans and Democrats; two growing leading parties. Also, other factors like state legislation which encourage third party barriers, such as evidently shown in New York were for a party to be placed on the ballot paper it must reach a certain number of signatures. Through the electoral system of FPTP encouraging a two party system, and the two leading parties being seen as ’umbrella parties’ in which there is little room for a third party to offer an ideological stance on policies which has not already been covered. Means it is highly unlikely for a third party to succeed as evidently shown within the debates in 2000 with Gore verses Nader, where straight ticket voting also contributes to the third party failures. However, third parties must be credited in that it has proven to be worthy of success, like in 1996 where Jess Ventura was elected governor of Minnesota. Third parties are largely disadvantaged and doomed to fail due to their inability to raise a substantial amount of funds or ‘war chest’. this is firstly, simply down to the matter of third parties...
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...THIRD PARTY MEDIATION IN CONFLICT RESOLUTION Introduction The contemporary international system has witnessed dramatic increases in numerous conflicts. Specifically, of the six continents in the world, not even one is immune to one form of violent conflicts or the other. Of all efforts to explain the causes of these conflicts, a growing body of research findings highlights the association between economic deprivation and conflict. (Gurr 1970; Elbadawi 1992; Collier and Hoeffler 1998; Stewart 2002; Deiminger 2003; Justino 2004). Thence, circumstances of gross economic denial, together with social, political, and environmental factors precipitate conflict. Third party mediation in Conflict Resolution has gained a considerable and increasing attention from academics and policy makers. There is plethora of literature on the role of third party in conflict resolution. Due to the complexity of the discipline, conflict resolution seems to be a relative term that can mean either conflict prevention or conflict management. Likewise, debates ensued as to why a third party mediates in conflicts. For instance, people marvel why the ‘coalition of the willing’ intervened in Iraq over the unproven existence of weapons of mass destruction but not in North Korea that admitted having the weapons. In addition, NATO intervened in Kosovo, but not in Bosnia, the UN sent troops to halt ethnocide in East Timor but had done nothing to prevent same from happening in Rwanda. More ...
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...Contracts (Rights of Third Parties) Bill Bill No. 36/2001. Read the first time on 25th September 2001. An Act to make provision for the enforcement of contractual terms by third parties. Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: Arrangement of Provisions [ Jump to: Front Page / Arrangement of Provisions / Actual Provisions] 1 Short title and commencement 2 Right of third party to enforce contractual term 3 Variation and rescission of contract 4 Defences, etc., available to promisor 5 Enforcement of contract by promisee 6 Protection of promisor from double liability 7 Exceptions 8 Supplementary provisions relating to third party 9 Arbitration provisions EXPLANATORY STATEMENT EXPENDITURE OF PUBLIC MONEY COMPARATIVE TABLE Actual Provisions [ Jump to: Front Page / Arrangement of Provisions/ Actual Provisions ] Contracts (Rights of Third Parties) Bill Bill No. 36/2001. Read the first time on 25th September 2001. An Act to make provision for the enforcement of contractual terms by third parties. Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: Short title and commencement 1.—(1) This Act may be cited as the Contracts (Rights of Third Parties) Act 2001 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint. (2) Subject to subsection (3), this Act shall not apply in relation to a...
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...1. Explore the significance of the British and American first-past-the-post election system with special reference to its effect on the party system in each country. How does it limit the development of third parties? Why have the Liberal Democrats been successful in joining the government despite the strong limits on representation that the electoral system provides? Britain and America are quite commonly known as first world countries (highly developed countries) and they are known to be the most powerful countries in the world. Britain and America practice the same type of electoral system that is first past the post. Their political system is large and intense mainly due to the size of the countries. As mention in the book Introduction to comparative politics: poltical challenges and changing agenda( fifth edition) ,Britain have a democratic parliamentary government headed by a Monarch and Prime minister and on the other hand the US (America) has a Presidential system and a Federal government with power share between the National government and fifty (50) states government. Both America and Britain have a bicameral system. In Britain, the Heads of state and Heads of Government are different in the role they play in that the monarch (which is the queen) and also the Head of state is responsible for mainly ceremonial duties, the Prime minister (Head of government) looks after the day to day affairs of the government. Any decision that is made needs the queen approval. In...
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...Case analysis – IKEA Background IKEA was established by Ingvar Kamprad in Sweden in 1943, by now it has been becoming one of the world’s most well-known global brands. At the beginning, IKEA is the small grocery store until Ingvar started to provide stylish functional but low-priced furniture. At that time, his dream is to sell good furniture with low price so that most people can afford them, which was to become the whole IKEA’s corporate philosophy. In order to lower the assembling price, IKEA designed the self-assembly and flat-packed furniture. As the company growing swiftly, IKEA go down to its international expansion. It has made a set of adjustments to fit to the local market and cooperated with local suppliers to save the cost, until now IKEA has become the classic case in corporate management and internalization. Analysis - essential factors to succeed: The essential factors can be extracted as follows: 1. Low-priced strategy. “to provide the good furniture with low price so that most of the people can afford them”, this is the dream of a young boy in 1950’s, but has become the key feature of IKEA. At earlier time, furniture is very expensive, but the emersion of IKEA changed this situation, IKEA products are much less expensive than equivalent product from other store, there is no doubt that IKEA will be definitely acceptable in middle-class household and the sales began to take off. Low-priced strategy enables the IKEA to gain the majority part of the market...
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...for a grade increase, your final grade will be available on Web Smart by May 28, 2007 ____ 1. The rights under a contract for personal service normally can be assigned. ____ 2. An intended beneficiary can sue directly to enforce a promisor's promise. ____ 3. A donee beneficiary can never sue to enforce the promise of a promisor. ____ 4. The vesting of contractual rights in a third party will always prevent the original parties to the contract from modifying it. ____ 5. If a contract does not require that performance be rendered directly to a third party, the third party will be considered an intended beneficiary. ____ 6. Conditions precedent are more common than conditions subsequent. ____ 7. Concurrent conditions occur only when the parties to a contract are required to perform their respective duties simultaneously. ____ 8. A contract that involves mechanical fitness is a contract in which performance must personally satisfy the party to whom performance is owed. ____ 9. A remedy is the means employed to enforce a right or to redress an injury. ____ 10. A party seeking to recover compensatory damages may also be entitled to recover incidental damages. ____ 11....
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