Explain the systems or total cost approach in logistics and argue( agree / disagree) how you think it adds significance to the world of business logistics Business logistics refers to a group of related activities all involved in the movement and storage of products and information. business logistics is concerned with the inbound movement of materials and supplies, and the outward movement of finished products. its goal is the delivery of the finished products required by the marketing department
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[pic][pic][pic][pic][pic]These funds are known as working capital. In simple words, working capital refers to that part of the firm’s capital which is required for financing short- term or current assets such as cash, marketable securities, debtors & inventories. Funds, thus, invested in current assts keep revolving fast and are being constantly converted in to cash and this cash flows out again in exchange for other current assets. Hence, it is also known as revolving or circulating capital or short term
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the fastest? : Income from bowling is growing @ of 44 % and Income from show rental is growing @ 28% What are the various sources of cost for the company? i. Which source is the most dominant source for the company? : Other expenses and film hire charges ii. Which source is the growing the fastest? : Employee benefit expenses is growing at 18% and cost of trading is growing at 16 % What is COGS for PVR’s movie exhibition business? In other words, what is it that the procuring as raw material
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the fastest? : Income from bowling is growing @ of 44 % and Income from show rental is growing @ 28% What are the various sources of cost for the company? i. Which source is the most dominant source for the company? : Other expenses and film hire charges ii. Which source is the growing the fastest? : Employee benefit expenses is growing at 18% and cost of trading is growing at 16 % What is COGS for PVR’s movie exhibition business? In other words, what is it that the procuring as raw material
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Inventory Management Professor Operations Management BUS430 February 26th, 2015 Managing inventories is integral to a company’s success. Having too much inventory can cost the company a lot of money and having too little can be costly by losing out on customers. It is a juggle for managers to find the right balance in accurately managing inventory. Not only do they have to make sure that they can meet the demand of the customer but they also have to cost effective. Two companies that manage
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.......5 Question 2 – MANAGEMENT OF WORKING CAPITAL 2.1 If the cost of borrowing is 18% per annum, would it be wise for Umlazi Traders to settle its accounts with Sharpe Wholesalers? ................................................................................7 2.2 Trojan Manufacturing 2.2.1 Calculate the value of inventory as at 31 December 2011 using LIFO method ..................8 2.2.2 Calculate the value of inventory as at 31 December 2011 using weighted average method.............
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net income we need to count all our inventory to find out exactly how much we have lost from shoplifting and inventory shrinkage. Since we use the perpetual inventory system we should be doing an inventory count often, especially if you believe we have a shoplifting issue going on. I used my records to give you my best count of the company’s net income. Bragg (2015) tells us, “A perpetual inventory system has the advantages of both providing up-to-date inventory balance information and requiring
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0698 accept, since payback period < 3 years 3.Two projects are mutually exclusive. Management has asked you to decide between them. Recommend which project should be accepted and why. Project A has a cost of $400,000 and has expected cash inflows of $75,000 for 10 years. Project B has a cost of $400,000 and has expected cash inflows of $90,000 for 7 years. The discount rate for both projects is 11%. Project A CF 2nd CLR WORK CF0 = 400,000 +/-enter ↓ C01=75,000 enter ↓ F01 = 10
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supply chain effectiveness What and how much to ship? When and where to ship? Objective: Minimizing inventory and other costs and maintaining or improving customer service. Slide 2 * Demand variability * Translating forecast into orders * Visibility of purchase volume * Accurately assessing volume * Vendor management * Internal collaboration and cooperation * Inventory management * Retail information systems and organizational challenges Slide 3 Demand Variability
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INTRODUCTION In this age of rapidly changing business environment, many organisations and business houses faces a constant pressure to continuously adapt and redefine their business process. One of the key processes in doing business whether big or small ranging from small grocery store to a big retail chain is the supply chain process. With the increase in exposure of the companies to the global environment, liberal trade policies, business partnerships and virtual proximity between any two locations
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