Stdy

In: Social Issues

Submitted By rishu1232
Words 342
Pages 2
Executive Summary
Introduction:
Global Supply Chain Management Simulation is game that player decide the design, demand of forecast and number of production for a cell phone company. The company has two products, Model A and Model B, the latter is more expensive than the former in cost and selling price. The time in the game split into 4 years and, in each year, player has to make decisions for the company. In the end of each year, player will see the financial report and, based on the report, do some necessary adjustments for decisions next year.
Analysis:
Design
At the beginning, we want to be conservative. So we choose designs which have no effect on our cost. Then in coming years, based on our knowledge and information provided by managers, we chose designs which we think are important for customers.
Supplier choose and production
For Model A, we chose “farfar away” supplier, because Model A is a normal item that we wouldn’t suffer huge markdowns in the end of each year. In addition, compared with “far away” supplier, “farfar away” supplier has lower setup cost, though its lead time is longer. But we can order more to manage the stock out issue.
For Model B, we chose “pretty close” supplier in the first year, because we want to choose a lower setup cost option and because Model B is a high-end one that we wouldn’t suffer high stock out cost. In second year, we found that the capacity of “pretty close” doesn’t match the monthly demand. So we switch to “re-vefas” supplier which capacity is 5k larger and we follow this option in the following year.

Recommendation:
First, in the supplier decision for model B, we should recognize the stock out cost is huge. We should choose the larger capacity one as a buffer for stock out issue. Second, after the first year, we should realize that compared with stock out cost, inventory cost is minimal, and should…...

Similar Documents

Case Stdy Analysis

...Howard, Inc. Consulting has been hired to evaluate managerial issues that occur at ABC, Inc. This analysis is an attempt to identify and recommend ways to improve the hiring process of ABC, Inc. A number of problems were made during the recent hiring process. From the information obtained, we believed that a lack of time management and planning skills on behalf of ABC, Inc. newly hired campus recruiter, resulted in failure to accomplish all the necessary tasks to hold orientation at a specified time. Howard Inc. Consulting suggests that in efforts of reducing or eradicating the problems presented in this case, ABC should provide a detailed outline of the hiring process and each component. Background Carl Robins, a new campus recruiter with only six months on the job successfully recruited 15 new trainees in early April. He scheduled his first new hire orientation to take place in June with expectations of having the employees working by July. After being contacted by Monica Carrolls, the Operations Supervisor, on May 15 to address issues regarding the orientation such as drug screening, schedule, manuals, physicals and such, Carl Robins provided assurance that everything will be in place. After assuring that everything would be taken care of, Carl procrastinated until the day after Memorial Day to finalize things for the orientation. With only approximately two weeks left until orientation, Carl discovered that essential aspects of the hiring process had not......

Words: 998 - Pages: 4

How Studying Affects Academic Performance

...such as they would have presented in an in-class formal written assignment, but used their more familiar “msn chat” type of language manipulation. Here are several examples: yo man good study skills, I always listen to music when I study it relaxes me.. but not too much. Anyways talk to ya later in class or something, peeeeeeeeeeeeeace .x0x. ...Jill... SAl, i really like how you describe you're study habitss. I really agree with you that you should always take in between the study time because i find it makes you less stressed. And also i agree that you should not study when it is late because when its late you are more tired and you will probably forget it the next day. And i am the same as you because i always do my stdies the last minute were just like twins. Luv, Candy Yeah, ure no good, if ppl tried doing that they WOULD get no where in life, lol! You get 100's in bio, i know i know...but so do I!! Except in this new circulatory stuff. Anyways, yeah...back to the reply. Ure "tricksssssss" are not so good for ppl other than yourself. Yeah, so thats it. Have fun! bye bye p.s. All in good fun, you know, don't take it personal. For the second assignment given a few weeks later, the students were required to submit an electronic copy of their document by email to the teacher along with a jpg file of a screenshot with their score results from the online VARK questionnaire. Their assignment was to write a 200-word response to their......

Words: 11621 - Pages: 47

Case Stdy 2

...LJB Company | Case Study #2 LJB Company | Internal Control | | This document contains information about the internal controls for LJB Company | TABLE OF CONTENTS 1. Introduction …………………………………… Pg 2 2. Six Internal Control Activities ……………….. Pg 2 3. LJB Company Positive Side ………………… Pg 2 4. Segregation of Duties ……………………..…. Pg 3 5. Petty Cash …………………………………….. Pg 3 6. Human Resources ……………………………. Pg 4 7. Conclusion ……………………………………... Pg 4 LJB Company is planning to go public in the future and before doing the president of the company would like to be made aware of any regulations required of his company if they go public, so they asked our accounting firm to evaluate their system of internal controls. In the process of the evaluation, our firm noticed several problems within the organization. Fraud is a big thing to have to watch out for when it comes to business owners. There are six principles of controls activities that help with such risks like fraud. 1. Establishment of responsibility 2. Segregation of duties 3. Documentation procedures 4. Physical controls 5. Independent internal verification 6. Human resource controls Mr. President, above is a list of internal controls that will help minimize the risk of fraud. After our evaluation we have noticed some problems that may turn into bigger problems if not addressed and addressed properly. Before we get started on talking about what we noticed......

Words: 1081 - Pages: 5

Delima Case Stdy

...SUMMARY Delima Enterprise is founded in 1981 by Encik Zayed. The main activity of Delima Enterprise is conducted trading and supplying related products including manpower supplies to the oil and gas industries. The company activities had expanded into provision of engineering services. Due to encouraging business growth in 2004, the Delima Enterprise was incorporated as Delima Enterprise Sdn Bhd. Since 2006, the company awarded with several engineering projects and its cumulative revenue for 2004 is RM1 million and RM1.7 million for 2005. The company is family based company and most of them only have secondary school background. They do not familiar with the audit. They also did not familiar with Accounting Standards and the provision of the Companies Act. The company also consists from the non experiences staff of their job. In May 2006, the company had employed Cik Amy graduated from a local university with no job experience. Encik Zayed is a principal shareholder and controlling director. In May 2006, the company had secured a contract worth RM 750,000 to be implemented over duration of six month. Due to shortage funds, Delima Enterprise Sdn Bhd wants to make banking facilities from Malayan Banking Berhad and CIMB Bank Bhd. The bank required company’s Audited Financial Statements for the last two years. From the requirements, Encik Zayed realized that company did not perform any statutory audit before. In July 2006, they engaged with the external Auditor Aziz & Co......

Words: 3152 - Pages: 13

Case Stdy Variances

...CASE STUDY The management team of Thorpe feel that standard costing and variance analysis have little to offer in the reporting of some of the activities of their firm. “Although we produce a range of fairly standardized products” sates the accountant of Thorpe, “prices of many of our raw materials are apt to change suddenly and comparison of actual prices with a pre-determined, and often unrealistic, standard price is of little use. For some of our products we can utilize one of several equally suitable raw materials and we always plan to utilize the raw material which will, in our opinion, lead to the cheapest total production cost. However we are frequently caught out by price changes and the material actually used often proves, after the event, to have been more expensive than the alternative which was originally rejected. “For example, consider the experience over the last accounting period of two of our products, Alpha and Beta. To produce a unit of Alpha we can use either 5 kg of gamma or 5 kg of delta. We planned to use gamma as it appeared it would be the cheaper of the two and ours plans were based on a cost of gamma of $ 3 per kg. due to market movements the actual prices changed and if we had purchased efficiently the cost would have been gamma $ 4.50 per kg delta $4.00 per kg “Production of alpha was 2 000 units and usage of gamma amounted to 10 8000 kg at a total cost of $51 840. “Product of Beta uses only one raw......

Words: 411 - Pages: 2

Hotel and Restaurant Management

...STDY 80: Studying & Learning Final Projects: Research Paper SAMPLE RESEARCH PAPER (A) “An Overview of the Hospitality and Restaurant Management Profession” December 12, 2006 By: John Doe STDY 80: Studying & Learning Prof: Kathleen E. High, M.Ed. Mt San Antonio College Hospitality & Restaurant Management Doe: i Thesis Statement: A person who wants to become a professional in the Hospitality and Restaurant Management field should consider gaining both experience and an educational degree in order to enjoy a successful career. Purpose: To help the author understand what it will take to become a professional in the HRM field. Audience: Professor Outline: I. Introduction: The HRM profession is multi-faceted a. An Educational Degree is advantageous; Experience is also key b. Responsible for operations of a functioning food establishment c. The field is diverse and covers all demographics and populations II. Body: The HRM profession is multi-faceted because of the nature of the hospitality and restaurant industry. a. Education - A degree from an accredited university or training from a certified program can be advantageous. i. AS in Hospitality & Restaurant Management ii. BS in Culinary Arts Management iii. Business & Marketing iv. Recreation Management b. Experience – with dedication and hard work, a person may be able to work his or her way from bottom up. i. Getting a foot in the door ii. Learning from observation and practice iii. It takes time ...

Words: 1787 - Pages: 8

Stdy

...CASE1: DELIMA Mustapha Kamal Mohd Razali Aini Aman Azbir Abu Bakar Yazmiza Long Case Synopsis The case is about an enterprise founded by family members and later was incorporated as Sdn Bhd. The shareholders were mainly the directors of husband and wife who were involved in the management of the company. The company involved in trading and engineering service3s. The company has limited financial resources. Based on the audit finding the records were not properly kept and no procedures and financial system were in place and lacked internal control. The auditors were not able to express a true & fair view on the accounts and recommended to qualify the audited accounts. Introduction It was July, 2006 when En Zayed engaged the external auditor Aziz & Co ( a Chartered Accountant), introduced by his friend to perform the statutory audit for the period of 2003 to 2006. This was the first audit experience for En. Zayed and Puan Hashimah and was a difficult learning experience faced by both. The Auditors expressed their intention to qualify the financial statements of the business due to several unresolved issues. However, En. Zayed and Puan Hashimah negotiated with the Auditor to not doing so. Failing to this negotiation, En Zayed and Puan Hashimah planned to terminate Aziz & Co appointment and to replace (appoint) with their new “friendly party” auditor. Interestingly, En Zayed and Puan Hashimah were not familiar with the Accounting Standards, provisions of the......

Words: 2249 - Pages: 9

Research

...and others support WAP browser or only SMS; pre-setting a serious challenge. Another major issue is the revenue sharing agreements between mobile service providers, banks, content providers, aggregators and other service providers like utilities, travel agencies, hotel industry, retailers etc. Bamoriya and Singh (2011) found that the mobile banking face challenges like mobile handset compatibility, standardizing, software downloading, privacy & security. While the previous researchers had already examined the effect of qualities services on banking customer satisfaction, S. F. Amiri Aghdaie, * 2 F. Faghani , research aimed at applying model to examine the relationship between mobile banking services and customer satisfaction. Their stdies based on IRANIAN contest . From Indian perspective Sharma and Singh (2009) found that Indian mobile banking users are specially concerned about security issues like financial frauds, account misuse and user friendliness. Comninos et al. (2008) suggested that consumers will transact electronically if there is convenience and security in mobile banking. First mobile banking transaction services in India were offered by ICICI bank in January 2008. Research in the field of mobile banking is at the introductory stage in India. It started in the year 2005-2006, with the introduction of short message services (SMS) of mobile alerts for transactions. Then in the year 2008, Reserve Bank of India (RBI) issued the guidelines for mobile......

Words: 2664 - Pages: 11

Social Stdies Chapter 3

...Patrice Sapp 02/01/2013 Chapter 3 1. Social Cognition- How people think about themselves and the social world, or more specifically, how people select, interpret, remember, and use social information to make judgments and decisions. 2. Automatic Thinking- Thinking that is nonconscious, unintentional, involuntary, and effortless. 3. Schemas- Mental structures people use to organize their knowledge about the social world around themes or subjects and that influence the information people notice, think about, and remember. 4. Accessibility- The extent to which schemas and concepts are at the forefront of people's minds and are therefore likely to be used when making judgments about the social world. 5. Priming- The process by which recent experiences increase the accessibility of a schema, trait, or concept. 6. Self-Fulfilling Prophecy- the case whereby people have an expectation about what another people is like which influences how they act toward that person, which causes that person to behave consistently with people's original expectations come true. 7. Judgment Heuristics- Mental shortcuts people use to make judgments quickly and efficiently. 8. Availability Heuristic- A mental rule of thumb whereby people base a judgment on the ease with which they can bring something to mind. 9. Representativeness- A mental shortcut whereby people classify something according to how similar it is to a typical case. 10. Analytic Thinking Style- A type of thinking in which......

Words: 348 - Pages: 2

An Old Women

...login to view the full essay... Essay's Statistics Submitted by: ace2196 Date shared: 01/25/2014 11:43 PM Words: 676 Pages: 3 Save Paper Report this Essay Similar Documents Sowt Analysis Company Tour And Analysis Concept Analysis Of Empowerment Cashflow Statement Analysis Gap Analysis: Intersect Investments Fatface - The Analysis Of The Company Gap Analysis - Global Communications Job Analysis Environmental Analysis Telenor Pest Analysis On Pakistan Statistical Analysis Of Marketing Questionnaire Pertaining To Small Business Success In Karachi Pest Analysis On Telenor In Pakistan Job Analysis Coca Cola Swot Analysis Gap Analysis On Global Communications Swot Analysis Hard Times Theme Analysis Case Stdy Analysis Swot Analysis Of Reliance Communication Airline Industry Analysis LoginJoinRSS ©2015 TermPaperWarehouse.com Privacy Policy|Terms of Service|Copyright Information|Contact Us|Help|Advertise With Us...

Words: 562 - Pages: 3

Case Stdy Telstra

...MARKETING FOR MANAGERS [Student Name] [Instructor Name] [Course Name] [Date] MARKETING FOR MANAGERS 1.     Are the corporate objectives clearly stated and do they lead logically to the marketing objectives? Telstra is the largest telecommunication player in Australia’s market, however, the very essence of the organisation’s goals is to expand to a level where it changes the lives of a majority of Australia’s population. The company also aims to create simple tech solutions that are easy to used by everyone. It should be noted that it is hard for marketing goals to be out of line with the corporate vision as it is very generic and holds true for almost all companies, telecommunication or otherwise. (D. jyh-Fu Jeng, 2012) The corporate objectives of firm are however very well defined and lead logically to the marketing objectives. The said objectives are also reasonable and achievable while being challenging. One of the Corporate goals was to increase the number of bundled plan customers by 1 million, but with clever marketing techniques and strategies Telstra was able to raise the number by 1.9 million in 2014. A further increase in business was brought in by marketing with 16 million customers in the domestic retail market. It is easy to see that the corporate goals of Telstra are directly linked to its marketing goals (Telstra Corporation, 2015) 2.     Does the organisation follow the marketing concept, the selling concept or production concept? The Selling and......

Words: 763 - Pages: 4

Cafs Notes

...equipment | | |works full time |Reorganize transport for family | | | |Increased healthcare expenses | Managing parenting and Caring responsibilities preparations for becoming a parent or carer: Physical – prental considerations for parent and child health |Parent |Carer | |Give up smoking, alcohol, caffeine (male and female) as fertility| Often chronically tired due to caring for parents 24/7 | |and sperm production are adversely effected, and stdies show this|Health at risk due to caring responsibilities such as back | |causes miscarriage and stillbirth |pain from lifting | |live a healthy lifestyle, exercise so as to prduce a healthy | | |child and reduce stress, as stress interferes with sperm | | |priduction and ovulation. | | |EXERCISE ACCEPTBLE THRUOUT PREGANCY: | | |walking ......

Words: 2318 - Pages: 10

Hrm Republic

...STDY 80: Studying & Learning Final Projects: Research Paper SAMPLE RESEARCH PAPER (A) “An Overview of the Hospitality and Restaurant Management Profession” December 12, 2006 By: John Doe STDY 80: Studying & Learning Prof: Kathleen E. High, M.Ed. Mt San Antonio College Hospitality & Restaurant Management Doe: i Thesis Statement: A person who wants to become a professional in the Hospitality and Restaurant Management field should consider gaining both experience and an educational degree in order to enjoy a successful career. Purpose: To help the author understand what it will take to become a professional in the HRM field. Audience: Professor Outline: I. Introduction: The HRM profession is multi-faceted a. An Educational Degree is advantageous; Experience is also key b. Responsible for operations of a functioning food establishment c. The field is diverse and covers all demographics and populations II. Body: The HRM profession is multi-faceted because of the nature of the hospitality and restaurant industry. a. Education - A degree from an accredited university or training from a certified program can be advantageous. i. AS in Hospitality & Restaurant Management ii. BS in Culinary Arts Management iii. Business & Marketing iv. Recreation Management b. Experience – with dedication and hard work, a person may be able to work his or her way from bottom up. i. Getting a foot in the door ii. Learning from observation and practice iii. It takes time c. Industry......

Words: 1743 - Pages: 7