INTRODUCTION: GX International, Inc. has survived the fierce and cut-throat competition in the pharmaceutical industry for more than 20 years, it has withstood the test of time by embodying the vision of its founder which is to provide an option for Filipinos to have quality medicine at an affordable price. The supply chain department (known as the production department of GXI) has played an integral role in achieving the goal of continuously providing the lowest cost and sufficient supply of quality
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Your examination of the company should have convinced you that the key issue is that of survival. The company has £675 in the bank and running expenses of more than £110k each month. The most urgent priority is to generate some cash immediately. Then you need to think about other prompt changes that will at least stop the haemorrhage of more cash until a longer term solution can be found. Your report must focus on the existing situation and cost and efficiency changes that could quickly be made
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Running head: Process Design for Riordan Manufacturing Process Design for Riordan Manufacturing Abstract This paper suggests a new process design for Riordan Manufacturing. This design concentrates on the major phases pertaining to the manufacturing of Riordan electric fans, from start to finish. This design incorporates a supply chain for the electric fans, while taking advantage of global openings in which Riordan Manufacturing can implement. Additional analysis of the present process
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procedures. Team C Consulting Firm Inc. reviewed several areas of the business such as, cash, sales, accounts receivable, inventory, and production policies and procedures. Based on Team C Consulting Firm’s review and findings, ABC Manufacturing Company has weaknesses in each of the mentioned areas. Therefore, it is necessary ABC Manufacturing Company is provided with a comprehensive proposal of internal controls for each function of the company. Cash Controls Cash is the most liquid asset that a company
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+ Advertising 0 160,000 268,875 320,798 + Sales Force Expense 0 120,186 319,875 546,937 + Sales Office Expense 220,000 330,000 470,000 370,000 + Marketing Research 0 15,000 15,000 15,000 + Shipping 0 36,184 86,397 141,905 + Inventory Holding Costs 0 9,727 13,220 0 + Excess Capacity Cost 0 255,693 528,982 0 + Depreciation 0 25,000 70,833 95,833 = Total Expenses 340,000 951,790 1,833,182 1,550,473 Operating Profit -340,000 -271,913 717,807 5,231
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Scientific Technology Company to use this cash infusion to pay towards the $25 million the company has in long-term debt. We also recommend that Scientific Technology Company sell off the $28.33 million in inventories from the Arizona plant. This sell off would bring the company’s Inventories as a % of COGS to 55.45%, which is closer to Scientific Technology’s competitors 48-50% range. The company’s Total Assets as a % of Sales would decrease to 84.88% if these recommendations are implemented
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6-Point Structure Texts 13.1 Prepare production and shipping plans 13.2 Ensure that production keeps to plan – Part One 13.3 Ensure that production keeps to plan – Part Two 13.4 Deal with fluctuations in production 13.5 Plan and maintain inventories 13.6 Inspect finished products, deal with abnormalities and seek continuous improvement Test Relationship with ISO Unit summary Production control is the management of the production processes to ensure that the company produces goods
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“Operational expenses have a direct effect on your business’ profit margin.” (2014, Chris Mikesen) Operational expenses are any expenses related to running a business such as, labor cost, advertising expenses, and inventory cost. The team at Artemis Sportswear is now working on a proposal to cut expenses that they will present to the CEO of the company. Proposal1 “Cost reduction is not simply attempting to slash any and all expenses
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Solution of the Case: a) If a company uses LIFO, the value of closing stock will be lesser than the value calculated under FIFO method and the closing stock will be lesser in LIFO due to the higher cost of sales which in turn would result in lesser gross profit. This is transferred to Profit & Loss Account/Income Statement/Statement of Financial Performance which in turn would result in lesser net profit & high tax savings as tax would be levied on lesser Net Profit. Here Golf Challenge
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increased manufacturing, inventory and distribution costs. The proposed JITD system required the distributors to share their sales data with Barilla, who would then forecast and deliver appropriate amounts of products to the distributors at the right time in order to effectively meet demand. This was a radical change from the current and more traditional supply-chain setup where the distributors were not sharing any data and could place orders at will. Vitali's proposal came under severe criticism
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