Raw Material College Essays Samples For Students

Inventory Management in Supply Chain

Inventory Management in Supply Chain

Inventory management

Inventory management is about specifying the percentage and shape of the stock goods. Inventory management is necessary on several places to keep the orders, store them and use it for production use. Inventory is the asset of the company and it remains an asset until it is sold and cleared (Salvo et al, 2002).

Inventory system

It is a system in which a company check over its stock. The activity done by the employees to check the company’s stock is known as inventory system. Inventory control majorly refers to logistics, operations management and supply chain ...

Inventory Management in Apple and Coca-Cola

Inventory Management in Apple and Coca-Cola

Introduction

Inventory management constitutes one of the major concerns of business organizations. Efficient inventory management enhances the profitability of an organization by ensuring that all activities involving inventories are well controlled (Hill, 2012). In essence, inventories entail all assets that facilitate normal business operations, and they include stock of goods for sale, the raw material for production, and materials consumed in the manufacturing process. Primarily, inventories constitute the largest item in the categories of current assets (Williams, 2015). The valuation of stocks at the end of financial year is crucial for determination of profitability ...

Organization Theory (Starbucks Company)

INTRODUCTION

Starbucks Company started in 1971. It was started by Jerry Baldwin, Zev Siegel and Gordon Bowker (Thompson 1). Starbucks is the largest coffee company in the world (Starbucks Company Profile 1). They were roaster and retailer of whole bean and ground coffee, tea and spices (Starbucks Company Profile 1). At that time in the past they had only one store that was in Seattle’s Pike Place Market which was opened due to the inspiration of the Alfred Peet (Chew n.p). Starbucks was named after the first companion in Herman Melville’s Moby Dick. Company’s logo was ...

Supply Chain

Supply chain of Big Mac:
The supply chain process of Big Mac includes the following transference in the structure: McDonalds uses the following supply chain for a Big Mac production (Apte, Maglaras, and Pinedo, 2008).
- Raw material suppliers include: cheese from New Zealand, beef from Spain, onion and pickle from US, sugar and oil from Brazil, buns from Saudi Arabia and packaging from Germany.
- The raw material transported to distribution centers.

Supply chain of Gasoline:

The supply chain process of gasoline includes the following transference in the structure (Krajewski, Ritzman, & Malhorta, 2007):
- At first the purchase ...

During Christmas season every year the pressure or retailers to deliver goods right today or the next day increases many folds. The case is no different for the apparel industry where the seasonal demands as well as changing fashions make it mandatory for the retailers like Marks & Spenser (M&S) to have extremely robust warehousing arrangements through out the supply chain. Most retailers particularly those who are online, depend on the strength of their supply chain network and warehousing, like logistics, in a vital part of the overall business model. In this note we will delve deeper into application of warehouses ...

Introduction

China is considered the manufacturer of the world. Several manufacturers of computers, clothing and machinery, are made in China. The manufacturers are mostly located in the east coast provinces of China. The most important Chinese cities in the manufacturing sector are Shanghai, Dalian, Qingdao, Suzhou, Ningbo and Shenzhen.
The lower wages are the most important consideration the multinational companies establish its manufacture facilities in China. The minimum day wage evolves from USD 1.23 to 1.84 USD in China, compared with the minimum wage in Australia USD 16.88 and Germany USD 11.6. Additional to the minimum wage the availability ...

Accounting plays a vital role in today’s automated world. In order to improve the efficiency, there have been some major changes in the field of accounting during the past few years. McCarthy (1982) suggested a substitute approach in order to represent accounting information. Instead of concentrating on debits and credits, which neglect some essential data about economic events, he proposed to present the detail about every resource in the firm’s control, the events that bring a change in the amount of these particular resources, and the agents who are a part of these events (‘The Resources, Events, and Agents (REA) Approach’). ...

INTERNATIONAL BUSINESS OPERATIONS

Introduction
Emerging markets in developing economies have great future comparing with the firms from developed markets. The developing economies face a lot of challenges in comparison with well-established firms. In the next decade, there are opportunities essential in promoting the emerging market. The firms in emerging market have looming future in the production and manufacturing sectors. The essay describes the opportunities and challenges that the firms from emerging market face and comparing them with firms from developed markets. Furthermore, the essay will establish and elaborate on these opportunities and challenges comparing the firms in both emerging and developed markets.

Opportunities and Challenges for Firms in Emerging Markets

...

Inventory Management System

Inventory Management System
L’Oreal is one among the world leaders in cosmetics. It has large number of factories all around the world, but still the organization manages its inventory in a well-organized manner. The organization has included advance technological and user-friendly systems to its functions to compete with the rivals in the market. L’Oreal has implemented an integrated Apriso’s FlexNet and an ERP system for the operations and inventory management. The new advance system has improved management of various operations at the organization like supply chain management, production management, inventory management, and quality management.

Previously, L’ ...

Review of the Current Situation

Calculations:
Average Inventory for plastic brack product line (which is 85% of total construction hardware inventories = Beginning Inventory + Ending Inventory/2
Average Inventory= 295,200*85% +271,000*85%/2 = $240,635
Inventory Turn = Cost of Goods Sold of Construction Hardware/ Average Inventory
Inventory Turn= 1,874,000/240,635=7.79 ~ 8 days
These calculations suggest that the average inventory is worth of $240,635 and the inventory turnover is 8 days, which means that the finished inventory is delivered for sale to the customers after eight days of moving into the warehouse. It suggests to me, ...

Current Business Problems and Possible Solutions

Abstract
The Sugar industry in Pakistan has been forced to face a number of problems in the recent years, especially for those people who are stake holders in them, most notably those of the raw material suppliers, the employees and the mill owners. Government intervention in the form of price flooring and the inability of some sugar mills such as Kohinoor Sugar mills limited in keeping up the technology pace with other larger, more technology suave sugar mills has resulted in numerous problems for the management. This paper explores some of the current problems being faced by Kohinoor Sugar ...

Imperial Oil, founded in 1880 is a giant petroleum producing company, with its headquarters located in Calgary, Canada. It is the second largest integrated petroleum company in Canada and has registered a phenomenal growth since its inception. Its operations consist of exploring and producing oil, manufacturing and distributing petroleum products for energy sources, producing chemicals for industrial and domestic use through innovative and sustainable technology. ( Annual report, 2016) reports a cash generation of $22 bn from operations only during 2010-2015. Its performance can be evaluated from the growing dividends paid to its shareholders in last 21 consecutive years. Imperial ...

Internal Analysis

The process of internal analysis helps in identifying and evaluating an organization’s capabilities, resources, and core competencies.
Internal Assessment
The internal assessment has three main components that are resources, value chain, and core competencies. The assessment of these components helps in determining the internal strength of the company.

Resource Based Views

The resource-based view helps an organization to analyze the tangible and intangible resources that are available at the disposal of the firm and can be used. These resources are determined to develop a competitive advantage of an organization. The main aim of the model is to analyze the internal resources ...

Part 1:

There are a lot of changes that can be conveyed to the board of directors regarding the upcoming events. The detailed budget that has been prepared can act as a guide for the management to understand what steps need to be taken, and how things are to be implemented in the company. Mr Wiggins should take the board of directors into confidence that the overall position of the company is strong and it can continued to operate according to the basic accounting principle of going concern. The company, therefore, need not to display its assets at the par value in the balance ...

Although Cash and Operating Cycle are both the measure as in what time period, money flows back into business, but they both differs marginally in terms of aspects of cash flow they measure:

Operating Cycle:

This metric indicates the amount of time it takes for the company to get the money invested in inventories back into cash. The metric is purposely called operating cycle as the process of purchasing raw material, processing it, selling the items and using the cash recovered from customers and then again using the cash generated to purchase the raw material will go on until the company ...

Industry Analysis: Fast Food Industry

Introduction
The fast food industry has been one of the most economically consistent industries in the world. At times when other service industries have been undergoing economic turmoil, this industry has remained strong and has, in fact, witnessed growth in the last few decades. Research indicates that the fast food industry in the United States generates more than 165 billion dollars in terms of revenue on a yearly basis (Collins, 2005). Currently, there are more than 180,000 fasts food establishments belonging to different brands. One of the reasons that could be perhaps attributed to the observed economic consistency of ...

Production processes have been revolutionized by technology. This is because technology has shaped the way products, processes and goods are produced. Technology has enabled people to simulate designs of very complex engines, aircraft models, combustion components and control centers of large ships. Though very complicated, such processes have been understood by carrying out an analysis of the product’s commodity chain. This helps in understanding the production and development of the product. Commodity chain refers to a chain of activities that consist of the labor and production activities, aimed at producing a finished product (Bair 2). These key areas work independently ...

Sustainability Issues for Textiles

The textile sustainability issues borders the manufacture of fabric from manufactured and natural fibers. As usual, this involves processes such as blending, dyeing, weaving, knitting or stripping. In a broader context, sustainability in the textile industry focuses on social issues such as working conditions, workers safety and health. However, the environmental aspects in the production process as core elements of sustainability deserve urgent attention. The main environmental issues regarding textile sustainability comprises of chemical use, water use, pollution, and energy use. In essence, materials such as wool have strong resilience and utility, thus makes them friendly to the environment as opposed ...

[Client’s Name]

Globalization: A step towards or against economic progress?

Globalization refers to the integration of national economies, trade, technology and power. Globalization has resulted and progressed due to the number of factors. The expansion of the internet has played a very vital role in stretching the trade boundaries across nations through websites as common as amazon.com and ebay.com. It also, of course, is contingent upon the imposition of import and export taxes. Through the support of the IMF (International Monetary Fund), and the (WTO) World Trade Organization, most counties are taking steps towards facilitation of global trade most commonly through decrease in tariffs. Globalization could be ...

Cement is an integral material in the construction industry and apart from infrastructure and building construction; cement has its vital role in economic development of the nations. The consumption and production are on the increase due to rapid population growth and fast industrialization. As a matter of fact, that industry is facing numerous challenges in the context of energy resources and environmental issues in the form of greenhouse emissions during the process of production. In addition, its production is associated with differently economic activities and it is predicted to grow even with a faster rate in the future years. Hence, it ...

Allocating Fixed Costs

Allocating Fixed Costs
Activity Based Costing (ABC) is different from the other traditional costing methods. The traditional costing methods, such as marginal and absorption costing methods, has only two absorption basis. These two absorption basis for the allocation of overheads are labor hours and/or machine hours. However, in Activity Based Costing, every cost unit has a separate cost driver to allocate the overheads more effectively and efficiently. The activity based costing is a more refined method of allocating the overhead costs and separate the loss making products from the profit making products. Therefore, as compared to the traditional costing methods, ...

Riordan Phase Three

Riordan has planned to shift its manufacturing plant from Michigan to Mexico to increase the manufacturing capacity and to serve increasing customer base. Company altered its supply chain design which is suitable as per new location. The change in manufacturing plant location require various changes in supply chain design and will have a great impact on existing domestic operations as well as international operations. Riordan is required to closely watch the trends occurring in domestic and international market. They should plan the changes in supply chain design based on the observations.

Domestic Trends:

Major trends, company can observe are in the field ...

A new appetite of territory expansion was observed among European empires in the nineteenth century. Several European countries participated in the race of empire building. In this round of expansion plans, these empires competed to one another and after a number of war expeditions and treaties, established their colonies in various parts of Asia and Africa. Their expansion plan was instigated by several needs and it was not possible for these countries to close their eyes to these demands. There were more than a few factors behind the spreading out plans of European empires and in this paper we would examine ...

Sulfur dioxide is considered one of the most harmful contaminant present in our environment today. It not only pollutes the land, but also pollutes water and air. The main reason for its contamination is the acidic nature it possesses. When sulfur dioxide combines with the surrounding water, it forms Sulfuric acid, which damages the soil, and hence affecting the plants which grow in this soil. On the other hand, Organic pollutants such as hydrocarbons are not very harmful because there are no acidic components in it. These pollutants decompose naturally and give of water, which causes no harm to ...

The Hershey Company was founded in 1894, and is an international leader in superiority and non-chocolate confectionary and chocolate associated grocery in the Northern American industry. The company also has a good reputation and is a leader in the gum and mint industry. The company’s leading rivals are Purdy’s, Nestle and Meiji. Hershey employs a number of strategies which have continued to ensure that the company remains ahead of its competition. These strategies include a competitive advantage, international markets, and measures of cost, productivity and opportunities. The company can steer its growth by seizing opportunities with the ...

Rapid prototyping is the most convenient way to get a replica of a three-dimensional design CAD-generated 3D application way.

These physical models can be only aesthetic and useful for the study of the potential market of the product, or they may meet some or most of the mechanical requirements which would have the final piece, offering, in this case, the possibility to perform functional tests and approval before there even preliminary molds.
That man made his hands the means that would shape the objects that determine their evolution, devised object, the object designed: tools, utensils, art, and beauty, among others. Use of science was done to create the elements that should give matter and harmony with their creations.
...

INVESTMENT ANALYSIS OF VIETNAM

INVESTMENT ANALYSIS OF VIETNAM

Summary

Vietnam has changed in the last thirty years from an agrarian country to a service and manufacture country leader in the world in growth and economic activity. The country has a communist system legally but, in the practice, the country has a liberal policy in the economy signing the Trans-Pacific Free Trade Agreement but maintaining the political control under the rule of one party. The country offers opportunities and risks for individual and corporation with the intention to invest.

Introduction

Vietnam is known in the world as the country where United States of America lost a ...

The Name of Professor:

Introduction
The main idea behind the mind of every investor is to achieve long- term growth of his or her business by serving a wider market to increase profitability. However, the existence of various factors such as competition and government regulations tends to impede the successful accomplishment of most investors’ goal. Besides, the efficiency of the strategies implemented by different investors constitutes fundamental hindrances to the realization of their long-term objectives. Therefore, efficient management is crucial to realize business expansion. Additionally, the consideration of other factors with a significant influence on the business environment is essential when formulating the ...

Industry Analysis for Backpack in Canada

Backpack is included in the baggage industry, which is increasingly growing industry in the world. Industry Analysis for Backpack can be carried out by PEST analysis, which represents Political factors, economic factors, social factors, and technological factors, and by Porter’s Five Forces, which are competitive rivalry, bargaining power of buyers, bargaining power of suppliers, threat of substitute, and threat of New Entrants (Aghazadeh). There are organized and unorganized segments in luggage market of Canada.

PEST Analysis

Political and Legal Factors
The political and legal factors that exert their impact on the luggage industry in Canada are stability of the political ...

Philosophy

The correlation of ethics and philosophy is a problem, it is difficult to say to what extent the morality is socially determined. In fact, we should talk about an individual morality, but even in this case, it should be borne in mind that even very personal, individual norms and moral values ​​in most cases have a social nature. In some cases, their social origin is not so obvious, but upon closer inspection we can find that any individual morality is largely socially determined. This situation is explained by the fact that the process of establishment and the formation of ...

The Name of class

Introduction 1
Manufacturing Process 2
Structural Components 2
Electrical Components 4
Functional Components 4
Sustainable Industrial Systems 5
Industrial Reusability 6
Service Reusability 6
Remanufacturing 6
Solutions and Interventions 6
Modifying the Structural Size and Weight of the Current Components 7
Creation of a recycling and collection center 7
Using high quality materials for all components 7
Reuse of activities 7
Sustainability in the individual components 7
Conclusion 8

References 8

Introduction
In any manufacturing activity, there has always been the need for the implementation of an efficient materials use. These was down traditionally through recycling. As at present, the need ...

Introduction

Resource curse has been one of the most debated economic issues for the past four to five decades. Indeed, it refers to a theoretical approach that connects certain indicators of a country’s economic growth to its reliance on natural resources such as oil, gas, and minerals. According to a general belief (termed as ‘resource curse’), the countries that are rich in natural and non-renewable resource are characterized by lower levels of democracy, economic growth, and development as compared to the countries with less or no reliance on these resources (Sachs, and Wartner, 2001).
On the basis of the ...

Introduction

Practical use of inventory management is among the aspects at the core of the supply chain management success. The management of different inventories such as raw material, finished goods, partner inventories, work—in the process, among others rests at the demand and supply intersection. However, the inventory management perhaps has the long way to go. The relationship between the inventory management and the corporate cash flow generation was understood recently and has currently received a broad interest level (Dekker et al., 2013). Now, firms can use supply chain to improve business performance by using the supply chain to generate ...

SWOT Analysis report on McDonald

Introduction
The objective of this report is to present the SWOT analysis of an organization based on personal experience and find out the strengths and weaknesses of the leader of the organization. For the attainment of this objective and fulfilling the requirement of the personal experience, McDonald’s has been considered for the assignment. The paper has been segmented into three chief sections. Section A contains the information regarding the business, leadership practices of a leader, and effects of leadership on culture. Section B, presents the key strengths, weaknesses, threats, and opportunities for the firm. However, the segment evaluates ...

Alliances commonly known as collaborations are mutual agreements between business entities to share resources and knowledge to expand their operations across borders. Following Globalization and liberalization of economic policies of many countries, accessibility of internal markets have become easier and all business conglomerates have taken the opportunity to gain entry into global markets and increase their business activities. The strategies formulated for entry into foreign markets varies from takeovers, collaborations, acquisition and mergers or setting up plants or retail outlets in other countries. Joint Ventures are preferred over independent establishments as expansion strategies as domestic partners are more familiar ...

In recent years, the world has turned into regional scenes through a various transformation on the way in which nations, organizations and people function. The advancement in information technology and communication have developed platforms for people to interact with each other throughout the world (Allan, 2006). Specifically, these advancements have a significant role in reducing the world into a global village. Recent technological advancements in mass communication have eliminated the boundaries of time and space, thus assisting people to travel all around the world. Social change has made it possible to understand nations without considering border issues. Through world ...

In recent years, the world has turned into regional scenes through a various transformation on the way in which nations, organizations and people function. The advancement in information technology and communication have developed platforms for people to interact with each other throughout the world (Allan 2010). Specifically, these advancements have a significant role in reducing the world into a global village. Recent technological advancements in mass communication have eliminated the boundaries of time and space, thus assisting people to travel all around the world. Social change has made it possible to understand nations without considering border issues. Through world ...

Inventory Methods used by Corvette

Description of Corvette Assembly Plant
Corvette is a branch of General Motors situated in Kentucky and is the main assembly plant behind manufacturing of the Chevrolet brand. General Motors began operations in the assembly plant in 1981 and major upgrades have taken place since then. With over 30 years of experience in the manufacturing industry, the assembly plant aims to raise the performance of sports cars by ensuring that the workforce available works in harmony to bring the desired quality. Focus is on the design, performance and the technological advancements exhibited by the cars assembled at the plant. The ...

1. What is the key learning you have taken from society’s effort to create meaningful environmental shifts?
Environmental shifts that have been seen in society since time immemorial can only be taken as a survival strategy. Environmental shifts that have been marked from the age of Jurassic are only meant for social survival. Human kind shifted itself from nomadic creature to domestic animal and that was only meant for survival. An organisation must put focus on the environmental factors for the survival which is “profit making”. The environmental changes may include political, technical or demographic changes. Either change ...

Introduction

One of the major healthcare delivery issues that has impacted patients on ethical grounds is the rapid shortage of medications. Shortage of drugs has also impacted healthcare professionals and the healthcare system owing to regulatory issues, raw material disputes, and manufacturing problems (Ventola, 2011). The shortage of drugs has led to the substitution of safe and effective drugs with alternate, compromised, and ineffective treatments. The burden of shortage has a direct impact on medication errors, healthcare professionals, and finances of healthcare facilities (Ventola, 2011). Drug shortages comprise the overall quality of care and significantly impact the healthcare system. In ...

Management

In fast food industry operations and supply chain is one of the core areas where every company has to focus on to get the desired result. In United States few of the fast food giants provide different experiences of food and services. Hamburgers are one of the favourite fast food for most of the fast food lovers and amongst teenagers. Preparation of food, its taste, ingredients, variety of toppings and delivery on time are few of the issues count in operations that do matter for customers to experience the services and feel the difference. McDonalds and Wendy’s are ...

Introduction

Traditional and well-known manufacturing companies often struggle to implement newer process changes and manufacturing practices in business. Economic order quantity was a popular concept in the early part of 20th century. Almost all companies then used economic order quantity purchasing policy. Most of the companies probably benefitted from implementing economic order quantity (EOQ), but some failed as it was not relevant for the product type and industry. In the later part of 20th century, many new manufacturing process techniques came into limelight. Just in Time system, Toyota Production System, Theory of Constraints, MRP and ERP systems, TPM, Lean manufacturing and ...

The systems of governance have an imperative impact on economic, social, and political aspects in every nation. During the colonial era, colonists had an upper hand in the way political processes were carried out in their respective colonies. As a result, the colonists introduced systems of power and governance characterized with policies and regulations that were revolted by the colonies. Colonies were against westernization by colonists as they desired to maintain their culture and beliefs. In an economic outlook, colonists exploited their colonies through mineral resources and raw materials. In India, British colonialism had an imperious role in the rise ...

It is widely accepted that a sufficient food and water consumption is an integral part of living and health promotion. Food safety and quality are therefore considered to be a major concern for food manufacturers, policy makers and general public. Although there is a significant progress in advisory labelling practice, undeclared allergens can sometimes be added into food as a result of a manufacturing process. Allergens can be defined as a substance capable of triggering immediate hypersensitivity (AAAAI, 2014). Food Standards Agency (FSA) (2014) has calculated that each year approximately 10 people die from food-induced anaphylaxis. Poorly controlled production of food also damages socioeconomic status ...

Stiff competition in the present market has compelled business enterprises or firms to invest in as well as concentrate on logistics program planning. The advancement in technology, as well as transportation technologies, have resulted in further development of logistics planning. Logistics network entails suppliers, warehouses, manufacturing centers, distribution centers as well as retail outlets. Moreover, raw materials, inventory of work-in-process as well as finished products, which flow between organizational facilities (Luo 237-239).
Logistics planning always considers every component, which has an effect on the cost. Logistics planning plays a significant role in conforming product to the requirements of customers. ...

Answer: 01

First of all, the acceptability or rejections among consumers, which constitute the target market, have a very heavy role to play in such a source-and-deliver organization. It is a must that my organization looks carefully over both, the sourcing of the materials and handing over the required product, at the end. Both are controlled from the central brain which is the call center which receives customer orders and passes on their information to their colleagues at each end.

Therefore, any company in such a business will seek to have competitive priorities in the following areas

1. Supply Chain Management
2. Order Processing and Other Information Management Systems
The above will be areas of my company’s core ...

Cost Statement

*[Contribution = Price – Variable cost]

Profit & Loss statement:

Pitch to potential investors:
Introduction:
This Pitch book or pitch report is for attracting investment to a newly conceptualized business. The business is of a chain of pizzerias that sells organic pizzas. The report is based on forecasted profits & loss statement, cash flow statement and balance sheet of one year after from the date the business starts its operations. The aim of this pitch report is to give a clear idea to prospective investors about the business model, the revenue model and the wealth that can be generated from the business if they invest in the ...

[Institution’s Name]
Financial statements are the end products of an organization in particular and it is something in which all of the information related to the company could be found . Financial Statement, which commonly referred as Financial Reports, is one of the reports in which business of the company duly described comprehensively along with the description of the financial competitiveness of the company. Inevitably, every company has a unique business under their nose and the method to keep the things alive also varies from organizations to organizations . The main perspective of this assignment is to answer two different ...

PART 1

Question 1
If the price elasticity of demand for firm X’s product is -1.75, lowering its price will result in an increase in total revenue. This is because a negative price elasticity of demand implies an inverse relationship between price and quantity demanded. It indicates that an increase in price leads to a decline in quantity demanded and a decline in price leads to an increase in quantity demanded. In addition, the price elasticity of demand is more than 1 in absolute terms hence a change in price leads to a more than proportionate change in quantity demanded. A 1% decrease in ...

Board of Directors:

Dr. John B. Elstrott (Chairman), John Mackey (CEO), Walter Robb, Gabrielle Greene, Hass Hassan, Stephanie Kugelman, Jonathan A. Seiffer, Morris Siegel, Jonathan D. Sokoloff, Dr. Ralph Z. Sorenson and William A. (Kip) Tindell, III,

Introduction:

Whole Foods Market, Inc. is a chain of supermarkets selling fresh, natural and organic food items. The headquarters of this company is situated in Austin, Texas. It is a natural grocery products made from 100% organic material producing company. It started in the 1980s, when John Mackey and Rene Lawson took some money from family and friends to start a small natural food items’ store. Later on, this ...

Abstract

There are numerous reasons as to why nations trade with each other. The main reason why countries engage in trade is due to the fact that there is a difference in the way natural resources are distributed. This is coupled to the factor of endowment. The factor of endowment refers to the money, land or labor that can be exploited to realize economic gain. The fact that every nation has a unique distribution of resources makes every country have its own economic potential. Some nations are blessed with more resources in terms of population, land and minerals compared to others. A ...

Direct costs refer to expenses related directly to production a product and they can be traced in the final product. They include things like materials, fuel or even labor .This cost usually vary in amount according to rate of output but remain uniform in each unit of production therefore termed as inconsistent.
During analysis of direct material (raw material) as a direct cost, variations may occur due material price variation or usage or efficiency variation. Price variation is the difference between the standard cost and the actual cost for the quantity of material used. Direct material usage variance comes when ...

Aggregate planning:

Aggregate planning is a big-picture approach to planning. It is the planning conducted to match the supply and demand of the product or service by identifying suitable quantities, timing of inputs, conversions and outputs. The decisions in aggregate planning are made for accurate production, inventory, staffing, and backorder levels (Apte, Maglaras, and Pinedo, 2008).

Aggregate planning is related to personnel planning:

In relation of personnel planning with aggregate planning, it is based on the cost and duties of personnel for the assigned project. The duties include (Krajewski, Ritzman, & Malhorta, 2007):
- How many personnel will work on the project?
- How much time is ...

Various health awareness programs and public health services have emphasized the adverse effects of fast food and comfort food on the general health of people, even associating it with severe health conditions such as diabetes, heart attack, hypertensions etc. However, along with all this the rate of new and franchise fast food restaurants chains are opening their outlets everywhere in the world. Regardless, of the culture or society of any country fast food is equally popular among adults and children everywhere. The average consumption of fast food globally can be depicted ...

Analysis under this model requires the examination of performance data over a specified accounting period (Marchetti, 2005). The paper analyses the performance of Competition Bikes and applies methods to pursue the same. This method relies on the final financial statements in the form of the balance sheet and the income statement. According to the returns of year 6 and 7, the revenue raised by 33% as contrasted by a year 7 and 8 net slump of 15%. This decline is a weakness. It is likely that during the second trading period; a recession had gripped the economy, thereby, reducing the returns. In addition ...

1. Benefits and Drawbacks of Adaptation
The term Globalization has gained a lot of attention in recent times. It has touched every aspects of life with embracement along with criticism. Globalization impacts culture and economy of any country by increasing diversity. Globalization means new opportunities and benefits for any company. Companies take advantage of economy of scale by supplying same products in international market. Companies sale their products at lower rates so that customers could buy these products even if products are not same or as per customer’s requirements. Various companies are known for their undifferentiated and homogeneous ...

Introduction

The company contemplates to raise the gas prices in the coming ten years. However, this cannot be taken for lightly because, rising gas prices is very essential for the company in helping it to meet rising direct and in direct costs as well as increase of the company’s profit margin. Rising cost is mainly attributed to the cost of crude oil which has been increasing year after year. This is a priority because crude oil is main raw material used in production of gas. However, the company should take caution when increasing the price to avoid loosing customers to ...

Sustainability is a way of life affecting everything an individual does; similarly the sustainability of amenities paves the way for eco-friendly developments. Amenities, their construction, use and disposal, have a significant on the natural environment and social fabric of our society. Sustainable architecture can help put into practice and even encourage a sustainable way of life. The amenities are to be designed and built to contribute positively to the sustainability agenda, to achieve economically strong, socially inclusive, stable communities while minimizing the impact on the environment (Tilder & Blostein, 2009).
The sustainable architectural design of amenities has two specific aims; First, sustainable buildings ...