Thursday, August 27, 2020

Difference Between Cost Control and Cost Reduction

Contrast Between Cost Control and Cost Reduction Presentation A cost decrease program is a sort of technique which is to improve benefit of the association or by expected to get a decent outcome that stream to the primary concern of the fiscal report and excluded from any genuine harm to the association itself. As this program is significantly more about diminishing expense or decreasing costs of the association, so a decent cost decrease program is about how to control the harm of an association. Besides, a cost decrease program is said can be improved the productivity of an association in light of the fact that by lessening costs, benefits are expanded without making others changes. Then again, if the cost decrease program can coordinated with a business improvement program and maybe, at long last it will get the twofold benefit. A cost decrease program must be a finished arrangement that is results-situated. An organized cost decrease program will put the organization on target to accomplish most extreme benefit and accomplish the best. Besides, this program likewise infers a progression of program that hold the entirety of the basic attributes and nature of the item and consequently it must be restricted to changeless and real investment funds in the expenses of assembling, organization, conveyance and selling, realized by disposal of inefficient and inessential components structure the plan of the item and from the methods and practices did in association therewith. What is the distinctive between cost control and cost decrease? Truth be told, cost control otherwise called cost the board or cost regulation; it controls the expenses of the association at the given level. Plus, cost control accentuation on guaranteeing that the expense doesn't surpass the standard spending plan of the association. Organizations use cost control strategies to screen, assess, and at last upgrade the effectiveness of explicit territories, for example, offices, divisions, or product offerings, inside their tasks. Be that as it may, cost decrease is a force practice or is an activity which will out the entirety of the push to sparing expense from whatever level they are. Cost decrease doesn't have any norm, or anything is acknowledged as perfect. Each component of cost is examined, each activity is screened and each system is dissected to distinguish the available resources of decreasing expenses. Cost decrease can bring about sparing the item cost, fabricating cost s, and life cycle cost. There are two unique ideas between cost control and cost decrease. Cost control is accomplishing the cost focus as its goal while cost decrease is coordinated to investigate the conceivable outcomes of improving the objectives or organization benefit. In this manner, cost control will end the activity when accomplished the association target or goal. While cost decrease is a persistent procedure and it has no obvious end. Besides, cost control attempt to achieve the most minimal conceivable expense under existing conditions though cost decrease doesn't perceive any condition as perpetual since a change will bring about bringing down the expense. On the off chance that the cost control accentuation is on at various times, while the cost decrease accentuation is on the present and future. In addition, cost control is a preventive capacity while cost decrease is a correlative capacity. It run in any event, when a productive cost control framework exists. The contrast between both of it tends to be summed up as cost control guaranteeing the expenses is as per built up measures while cost decrease is worried about attempt to improve the expense by constant and without agreement with any of the norm. The primary advantages of cost decrease programs are it can improve gainfulness and upgrade income of the association. It presents the key components and elements to consider in program plan and usage. Cost decrease program is additionally can guarantee the outcomes will coordinate with the objectives or objective and the estimations of the association. Cost decrease program is one of the most testing obligations or errands that an organization needs to attempt, particularly when there are such huge numbers of ways open to cost-cognizant directors. At long last, a coordinated duty decrease program can diminish the burdensome monetary weights that can stable a companys improvement and can let loose valuable capital that can be result to the organizations long haul advantage. Writing Reviews/Case Study/Research Findings There are five cases and cost decrease strategies in these writing audits. The strategies including Target Costing (TC), Activity-Based Costing (ABC), Just in Time (JIT), Enterprise Resource Planning (ERP), and Value Engineering (VE). Contextual investigation 1 (Target Costing) Definition: Target costing additionally called item costing technique in which an endeavor at the arranging and advancement period of an item life cycle to accomplish a predetermined cost that is chosen by the board. This methodology is to look for the lower costs by planning a quality item that decreases costs in the creation stage. It tends to be depicted as a deliberate procedure of cost the executives and benefit arranging. Contextual investigation: In 1993, Toyota utilizes target costing way to deal with by and large decrease costs at the plan stage. By utilizing this methodology, Toyota defines objectives for cost decrease and afterward attempts to accomplish these new focuses through plan changes that will achieve the cost decrease objective. Toyota was looking at the expenses of the new plan with the old structure so as to ensure a cost decrease after usage of the new method. This is the fundamental thought that Toyota uses to accomplish their companywide objectives. There are a few stages in the succession of value, creation, and cost choices. Initially, Toyota chooses what the new retail cost of the car by taking the old cost and including the estimation of any new capacities. The business division concocts the recommendation for the creation volume by taking past numbers and ordering them to showcase patterns and the condition of contenders. Second, Toyota is center around cost arranging. This cost arranging depends on the item plan and focuses for retail cost and furthermore creation volume. The motivation behind utilizing cost arranging by Toyota is for decide the sum by which expenses can be diminished through better structure of the new model. Toyota builds up a benefit focus on that is deducted to decide their objective expense. These cost arranging choices are made for a long time before they discharge the model. Toyota appraises the rough expenses of another model by aggregates of the cost varieties of the new model and the old model. This strategy is useful to Toyota, since it will in general be less work and gives increasingly exact outcomes. What's more, it likewise enables the particular divisions to comprehend the cost variances. Other than that, Toyota evacuates variable costs the two models acquire, for example, compensation and backhanded expenses by utilizing this methodology. In the interim, they utilize their choices on costs that change between the two models in structure and creation volume. The primary concern for this situation study is to show how cost arranging at Toyota is centered around the plan stage. Toyota does this by defining objectives for cost decreases through structure changes. Toyota takes these objectives and afterward evaluates them to various divisions to make the important changes. Toyota accepts that by changing item configuration to deliver lower cost to accomplish a more significant level of productivity. Contextual investigation 2 (Activity-based Costing) Definition: Action Based Costing is a costing model that distinguishes the cost pools, or movement focuses, in an association and doles out expenses to items and administrations (cost drivers) in view of the quantity of occasions or exchanges engaged with the way toward giving an item or administration. The idea of Activity-Based Costing has been viewed as an advanced technique for cost figuring since the mid 1980s. Furthermore, Activity-Based Costing (ABC) doles out assembling overhead expenses to items in a more consistent way than the conventional methodology of basically assigning costs based on machine hours. Action Based Costing initially relegates expenses to the exercises that are the genuine reason for the overhead. It at that point allocates the expense of those exercises just to the items that are really requesting the exercises. Contextual investigation: Boeing Commercial Airplane Group (BCAG) is the universes biggest producer of business planes. It includes roughly 60% of Boeings complete incomes. BCAG Wichita is a cost place fabricating plant delivering fuselages, noses, swaggers, nacelles, and push reversers for 737, 747, 757, 767, and 777 plane models. In May 1999, the plant utilized around 16,835 representatives straightforwardly, and was answerable for circuitous work of 53,100 specialists inside the province of Kansas. As a component of its general drive to pick up and hold world-class aviation fabricating status, BCAG Wichita is centered around building up a lean, proficient plan and creation framework upheld by a powerful cost administration methodology. The cost administration system underpins activities intended to connect the assembling procedure and bolster exercises in order to rearrange the entire creation process, while expanding profits by the utilization of lean strategic policies. Cost the board methodology activities incorporate improving creation, shortening stream and process durations, expanding quality and stock turnover, recognizing center items and forms, and connecting the structure and assembling procedure to diminish item an ideal opportunity to-showcase. Action Based Costing connections and supports the assembling procedure. It gives data to tailor business streams and material administration, expenses of action and procedures, esteem included versus non-esteem included examination and gainfulness investigation used to improve the settle on versus purchase dynamic procedure. ABC additionally gives investigation of set-up and run costs, expenses of booked and unscheduled upkeep, expenses of advantage disappointmen t, and expenses of assembling limit, in this way permitting manuf

Friday, August 21, 2020

Im Back!

I’m Back! No, I was not abducted by aliens. I was abducted by field hockey, which currently owns my life. And I apologize for that. But Im back, and now that my schedule is really wacky, Ill be updating more often! (I have classes in the morning and afternoons, often with breaks over 2 hours in between. It makes for a nice lunch/blog update time.) Today is the first day of classes, but before I get into that, we have some recapping to do. This is the most awesome picture I took this summer (the bag was part of the packaging of my brand new awesome laptop): OK, I find that image hilarious. Maybe its just me. My parents drove me up here with all my stuff and were staying at the Hotel at MIT, which is oddly connected to Star Market, where most MIT students buy their groceries if theyre so inclined. So my parents said, Hey, while were here, why dont you come grocery shopping? That way you can buy lots of big, bulky things and we can drive you back to your dorm with them. Oh, and well pay for it. This was too much to pass up. After dragging my many possessions into my (awesome) new room (pictures to come later, when it looks nice enough that I wont be embarassed posting pictures of it on the Internet), this is what my fridge looked like: Thats right, its sole contents were a bottle of water and a box of seafoam fudge. Mmmm, the tastes of home. (I love New Jersey, for those of you just tuning in.) After.a lot of my parents money later, I bought all this: And then my fridge looked like this: Of course, it was another 4 days or so before I actually unpacked all my pots, pans, and kitchen utensils. Thankfully, the field hockey team has team dinners every night for the first week of practice. Each night, a different class was responsible for preparing something edible for the team to eat. The Senior Surprise consisted of homemade baked ziti (quite possibly my favorite dish of all time), the Junior Jubilee was pizza (always a classic), and the Freshman Fiesta was homemade tacos. (Ambitious freshmen!) One of the members of my class, who shall remain nameless, named our event the Utter Disappointment. That was kind of sad, because it doesnt even have alliteration. We ended up ordering subs, which was not quite as disappointing as advertised. Then there were lots of fun and exciting Orientation events. I did some Burton-Conner Rex events and worked a couple of shifts on the ambulance as well. Now all the freshmen have been assigned to their permenant rooms, and its frat rush week. Which means there are all kinds of parties and free food and events all over the place. Today was the first day of classes, and rush dies down just in time for the weekend, which I will be spending out of state at an overnight field hockey tournament. Basically, my life is a non-stop party. Oh! One more thing about Orientation- the coolest event ever is the East vs West waterwar, where residents of either side of campus line up across Kresge Oval andget each other wet. This is what my feet looked like after waterwar: This is what I looked like after waterwar: Basically, someone from East Campus had snuck over to our side of the field and was swinging around a black trash bag which was actually filled with water, I believe. People were shouting for us to watch out, so I turned around just in time to duck. I was one of the closest people to this guy. Then someone yelled, Get him! So I tackled him. Into a mud puddle. I dont know, it seemed like the thing to do at the time. (I look clean, but my clothes were not.) Anyway, seeing as how today is the first day of classes, I guess its a good thing that I finally figured out my schedule. Heres what Im taking this semester: 2.001: Mechanics and Materials 2.003: Dynamics and Vibrations 6.081: Special Subject/Introduction to EECS 21M.600: Introduction to Acting So far Ive only been to two of them, so Ill fill you in on the details later. Right now, I want to go make my room look more like a room and less like a storage closet. Because then I can take pictures of it and show them to you. Yay.

Monday, May 25, 2020

What Is Poverty By Jo Goodwin Parker And The Poverty Of...

Poverty has been a controversial issue in the United States. It has taken lives and has built obstacles for many Americans today. Poverty is a physical and mental handicap to many Americans who are not able to get past this barrier. However, some may argue poverty is just an excuse for those who decide not to put effort. Not to mention, two articles will share their story about the issue of poverty. â€Å"What is poverty?† By Jo Goodwin Parker and â€Å"The Poverty of Equality† by Stephen Moore and Peter Ferrara, which will give us an insight in living conditions, income, social services. In the article â€Å"What is Poverty?† By Jo Goodwin Parker, the author will give us a personal experience on how it is to struggle with poverty by going in depth about living conditions, income, and social services. Goodwin Parker, describes her conditions living in poverty, she mentions her mattress stained by dirt and reeking of urine with a garbage that she cannot manage to clean up. Not to mention, it was not only her that suffered, but her three children who were with her through every uncomfortable dirty night. To the author poverty was tiring as she elaborates she is always tired. It is clear to Goodwin Parker poverty was like a disease that would limit her from working and making money to sustain her family. She cannot wash dishes, clean clothes, bathe her children because she lacks money to provide hot water or soap. To add, not only was hers and her children’s living conditions terribleShow MoreRelatedPerspectives On Poverty, By Jo Goodwin Parker And The Pov erty Of Equality1258 Words   |  6 PagesPerspectives on Poverty The readings, â€Å"What is Poverty† by Jo Goodwin Parker and â€Å"The Poverty of Equality† by Stephen Moore and Peter Ferrara, both share the topic of poverty. They are different because each author expresses their point of view differently. Summarizing â€Å"What is Poverty†, the author goes through a serious of misfortunate events on a daily basis to acquire food, yet her gatherings are not enough. On the other hand, the author of â€Å"The Poverty of Equality† explains that it is unfair

Thursday, May 14, 2020

Should Gay Marriage Be Legalized - 1313 Words

Decoteau, 1 Genevieve Decoteau Prof. Legum Philosophy 73 Extra Credit – Should gay marriage be legalized? Marriage is considered to be the rite of passage from an religious point of view, it is considered as holy matrimony before the eyes of God. Attraction between individuals of the same sex has been a topic of debate. However, over the past few years gay individuals made a decision to our grievances of oppression despite receiving tremendous critics from the public. Initially, gay marriages were in the rise of heated debates between the supporters and critics among the church being at the forefront. However, times are different now , and gays are becoming more accepted in the society as well as all that pertains to daily lives such as marriage, gay events just to mention a few. This argumentative essay focuses on the central issues of gay marriage and evaluating arguments on whether the gay marr iage should be legalized. During medieval times, gay people were considered immoral. Researchers carried out studies based on mental functioning all in an effort to determine the cause of affective dysfunction. In the process, critics posed an argument that gayShow MoreRelatedGay Marriage Should Be Legalized938 Words   |  4 Pages Gay marriage is in fact a controversial topic that many people feel strongly about. I believe that gay marriage should be legalized without being penalized by people who disagree with it. I will, within reason, explain to you why gay marriage should be legalized and argue against Karlee’s essay about why gay marriage shouldn’t be legalized. The first thing Karlee talks about in her opposing essay is, â€Å"Children of same-sex couples, biological or not, need both a mother and a father inRead MoreShould Gay Marriage Be Legalized?935 Words   |  4 PagesThere is a lot of controversy about gay marriage and whether or not it should be legalized in certain states that haven t yet legalized it. My opinion on this topic is that it should not be legalized for various reasons. My reasons on this have nothing to do with religion because religion shouldn’t have anything to do with their opinion; religion is a biased opinion because of its authenticity. Another thing that shouldn’t be considered is their opinion that doesn’t have a reasoning behind it likeRead MoreShould Gay Marriage Be Legalized?1705 Words   |  7 PagesPaper Option 1 Gay marriage has and still is a huge controversy in the United States. I will say though that the U.S. has come along way when it comes to same-sex marriage. As of November 20, 2014 gay marriage is now legal in thirty-five of the fifty U.S. states. Massachusetts was the first state to legalize same-sex marriage in May of two thousand and four. As of October ninth two-thousand and fourteen, only sixteen out of one hundred and ninety-four countries allow same sex marriage. By those oddsRead MoreGay Marriage Should Be Legalized1379 Words   |  6 PagesName: Tutor: Course: Date: Gay Marriages Marriage is considered as hypothetically speaking, a rite of passage whilst from the religious point of view, it is considered as holy matrimony before a supreme being. Attraction between individuals of the same sex has been a topic of debate since time immemorial. However, over the past few years gay individuals have opted to air grievances of oppression despite receiving tremendous critics from the public. Initially, gay marriages were unfathomable eventsRead MoreShould Gay Marriage Be Legalized? Essay1828 Words   |  8 PagesIntroduction What does it mean to be gay and why does society discriminate against those who are deemed to be gay? This paper establishes that being gay is primarily based on the supposition that one is either homosexual, transgender, lesbian, or bisexual. It also establishes that one of the primary reasons why gays are discriminated against within the society is religion; that some of the views held by different religious conclaves substantiate gay rejection by the society. On a more personal ratherRead MoreGay Marriage Should Be Legalized1280 Words   |  5 Pagescommunity and abides by the law should be afforded the rights of an American. However, not all citizens are afforded equal rights. Gay and lesbians are consistently denied rights that are typically taken for granted by the average American. Specifically, gay and lesbians couples are denied the right to marry even if they are upstanding citizens. They are held at an unfair disadvantage solely because of their sexual orientation. This discrimination must stop because gay and lesbian couples are law-abidingRead More Should gay marriages be legalized? Essay1504 Words   |  7 Pages Should same sex marriages be legal? nbsp;nbsp;nbsp;nbsp;nbsp;Same-sex marriages have been very controversial since becoming an issue in Canada regarding the Canadian Charter of Rights and Freedoms. Several people state that same-sex marriages should be legal, while others disagree, saying it should not be permitted. There have been many debates and inquiries about this issue for several years; the MP’s and Parliament will finally settle the problem within the next year or so. Many are in favourRead More Gay Marriage Should be Legalized Essays1696 Words   |  7 Pages There are numerous opinions and standing views on gay marriage. The argument regarding gay marriage should be legalized or not is extremely controversial. According to an article from the Human Rights Campaign, there is nothing wrong with allowing homosexuals to have the same rights as those who are heterosexual. Every individual person should be granted equal rights, regardless of sexuality. Gay marriage should be legalized in all states and coun tries, it has been held off for too long. MoreoverRead MoreShould Gay Marriage Be Legalized?727 Words   |  3 Pages Everyone, regardless of gender orientation or sexual preference deserves equal rights, such as marriage, feeling comfortable with whom they are, and being treated like any other human being. Right now gay marriage is a hot topic in many states, however, what say should the government get in who you love and want to marry? Beyond a court room, research has been done on the idea of transgenderism and what causes people to be like that or if people are truly born in the wrong bodyRead MoreShould Gay Marriage Be Legalized? Essay464 Words   |  2 PagesMarriage is defined as the state of being a married couple voluntarily joined for life. In the definition it says couple, with out indication of gender. In our society gay marriage is a hot topic. Previously legalizing gay marriage was out of the question, but as times has changed and more liberal politicians have gained office to reflect th e views of today’s society. One of the reasons that LGBT people fight for the right to marry because married couples receive more protections and advantages in

Wednesday, May 6, 2020

The Role of the Women in Greek Mythology - 1321 Words

In the text Mythology by Edith Hamilton, women are portrayed as being property and objects. During this time women were seen to be not as good as men. They saw perfection in relationships between men and young male adults as the best relationships to have. However, homosexuality was frowned upon. Men were considered knowledgeable and educated, but women were seen as a burden placed on man by the Gods. When it came to women nothing was valuable about them but their beauty. When a woman was beautiful she was wanted by many men: a man would do almost anything to have the possession of a beautiful woman and have her as his property. It was as if a woman’s role was to only be a man’s beautiful possession and to procreate the lineage of a†¦show more content†¦They fought for Helen as if she was an object in which they had to have as their property. This also shows what role a woman’s beauty can have in a Greek man’s life. Just as Helen had captured the eyes of many men, resulting in them fighting over her pure beauty, another character named Hera takes advantage of what she could do with her looks. Hera was the wife and one of the three sisters of the godShow MoreRelatedWomen Of Ancient Greek Mythology Essay1535 Words   |  7 Pagesthroughout history. Women were commonly regarded as the subservient gender, an idea that was no different in Ancient Greece. Throughout Greek mythology, women were considered inferior and troublesome symbols, while men were known for courage, leadership, and strength. While there is no argument of the flagrant sexism that is illustrated in Greek mythology, it can also be claimed that women were given a situated position of freedom, necessity, and power as well. Many popular Greek plays and myths containRead MoreGreek Goddess And Greek Women874 Words   |  4 PagesThis review attempts to analyze the Greek goddess Athena as well as Greek women whose function in society co ntrasts with the roles of a goddess. This topic is of relevance to feminist’s who are smashing down barriers on stereotypes of women, this study attempts to shed some light to recognize the roles of Athena and Greek women. Past research has analyzed the differences between Greek women and Athena on how they contrast with responsibilities. What is often ignored is the complexity of both individualsRead MoreThe Amazons Were A Group Of Warrior Women Who Fought Many Of The Great Greek Heroes1596 Words   |  7 Pagesgroup of warrior women who fought many of the great Greek heroes. They consistently went against what was considered the normal female role and led lives like their male counterparts. Unlike some myths in Greek mythology, the myths that involve the Amazons are spread out over time and often have multiple variations of one myth. Myths involving the Amazons even sometimes have versions of the same myth with different Amazon warriors, making it difficult to understand what Amazon women is associated withRead More Equality Between Men and Women in Modern Society vs. Ancient Greek Society625 Words   |  3 PagesIn todays society, women hold a position equal to that of a man. However, this has not always been the case especially in the Ancient Greek society. In the society there were many rules and regulations for all, but in particular the women had it the hardest. Women were seen as insignificant characters in the Ancient Greek society. While the men†¦.women attained the most difficult job of all, bearing children. These women in the society had very little freedom, actually no freedom at all. Can youRead MoreGreek Mythology And Its Impact On Modern Culture1055 Words   |  5 Pagesfrom Greek Mythology and has had a significant impact on our history and mythology helped shed light to it’s culture, religion, and government of ancient Greece. The Mediterranean has served as a vessel for the early civilizations., Greek mythology has i nfluenced the life style and religion of the Greeks, especially because Greek mythology served as the primary basis of Greek belief, it became the nearest thing the Greeks had to a holy bible.1 These mythologies served as the center of Greek lifeRead MorePoseidon And Greek Mythology729 Words   |  3 PagesToday, there are many parts of the world associated with the Greek gods/goddesses and Greek mythology. Poseidon is one of the more familiar gods. Most people may not know all the details of his mythology. Poseidon is the powerful god he is because of his importance to Greek mythology, his family, his traits, and his myths. Poseidon plays an extreme role in Greek mythology. As told, it says, â€Å"He was the Lord and Ruler of the Sea (the Mediterranean) and the Friendly Sea (the Euxine, now the BlackRead MoreGreek Mythology and Its Effects on Civilization803 Words   |  4 PagesGreek religion encompasses the collection of beliefs and rituals practiced in ancient Greece in the form of both popular public religion and cult practices. Many Greeks recognized the major gods and goddesses, such as Zeus, Poseidon, Hades and many others through philosophies such as Stoicism. The religious practices of the Greeks extended beyond mainland Greece to the islands and costs of Ionia in Asia Minor to Sicily and southern Italy, and scattered Greek colonies in the Western MediterraneanRead MoreGreek Mythology And The Mythology1154 Words   |  5 Pagesand lessons of Greek mythology have shaped art and literature for thousands of years. Later Greek writers and artists used and elaborated upon these sources in their own work. Did you know that in ancient Greece, stories about gods and goddesses and heroes and monsters were an important part of everyday life. They explained everything from rituals to the weather, and they gave meaning to the world people saw around them. Many consumer products get their names from Greek mythology. For example sportsRead MoreAthenas Impact on the Lives of Ancient Greeks Essay1027 Words   |  5 PagesAthena was the Greek Goddess of many ideas, but she was famous mostly for her superior wisdom, her cunning skills in times of war, and her implausible talent for household tasks, such as weaving and pottery. She was celebrated more than any other God in ancient mythology, was the supposed inventor of countless innovations, and her figure gave reason for Greek woman to gain rights long before others of their time. The goddess of war, the guardian of Athens, and the defender of Heroes; Athena’s impactRead More Greek Goddesses Essay1145 Words   |  5 P ages The Greek Goddesses In Greek mythology the gods and goddesses of Mount Olympus played a major role in everyday life. The Greeks respected them and thought of the gods as all mighty. In Ancient Greece the people honored and believe in the deities. Myths, poems, and epics tell the stories and beliefs referring to the gods and goddesses. Many literary works display the power and jobs of the goddesses. The Greek people lived to please the deities in hope of gaining a better lifestyle. The

Tuesday, May 5, 2020

Investment Management Cost Management

Question: Discuss about the Investment Managementfor Cost Management. Answer: Annualized standard deviation is given by standard deviation multiplied by square root of twelve. Australian = SD x 12 = 4.9 x 12 = 16.97 International = 5.5 x 12 = 19.05 Sharpe ratio is a way of measuring risk adjusted return on an investment. = (annual return T bill)/ standard deviation Australia = (10.58 1.02) / 4.9 = 1.95 International = (11 1.0) / 5.5 = 1.82 Tracking error is comparison between a portfolio and benchmark. = square root of observed frequency x active standard deviation Australia = (5 x 12) x 2.8 = 2.1 International = (5 x 12) x 2.5 = 19.36 Information ratio = mean of active return / standard deviation) x square root of number of years Australia = (-0.05 / 2.8) x 60 = -0.138 International = (-0.1 /2.5) x 60 = -0.31 According to the equity exposures, Australia did not perform well. The standard deviation was larger than the international value indicating there were larger swings in return series. The Sharpe ratio showed that Australia was able to have better returns in view of the risks that they experienced. The international community did not do well in this front as demonstrated by their lower ratio. Australia performed poorly as compared to the bench mark. On the other hand the international was very okay. The tracking error was low for Australia than the international. The information ration for Australia was lower which signals a poor performance. Annualised return = (1 + R) years 1 30 June 2010 2012 Australian = (1 75) 2 1 = 5475 Bench mark = (1 - 4003)2 -1 = 16 016 003 30 June 2012 2015 Australia = (1 76)3 1 = 421 874 Bench mark = (1 5452)3 1 = 1.619e11 Australia performed well just like the benchmark. The annualised return increased tremendously for 5 years. This can be attributed to the active management system that is in place to deal with most of the investments. The indexing strategy adopted is not very good this has affected the performance. Another strategy is required to replace index strategy. They also might have had incompetent managers who might have not been able to control the swings. They need to look into a change of management style and system. The investment using private equity fund approach may not be working under the circumstances. Clearly, a different one should be adopted. The calculations above indicates poor performance of the fund. All comparisons with the international and bench mark shows Australia fund is lagging behind. There is need to have a closer view and overhaul every aspect like management, the fund approach, index method etc. the index funds are good since they provide estimates and are ratios which can be used for comparisons of many aspects of a countrys economy. The comparison can be extended to inter countries. The disadvantage that makes such funds inappropriate are that it tends to leave out many things pertaining to the economy. This subsequently leads to an underestimation of the growth economic wise in a country. Actively managed funds offer a disadvantage in that there is constant engagement which then makes it possible to detect any shortfalls or downward trends which can be corrected in time before the fund is depleted. However, this method has several overheads which are not good and may affect the overall performance in that it utilises a substantial amount of the fund. The actively managed funds have performed better than the index fund in Australia. This can be observed from the annualised returns when viewed from the 2010 to 2015. Based on the figures obtained I would certainly root for the active fund because of its eminent advantages and outstanding performance in Australia. The growths are real and one can easily predict them. For the last five years i.e. 2010 2015, the growth style adopted which is active currency hedging was adopted. The equity exposures in Australia did not perform well meaning this style is wanting. The trustees surely need to go for the value style. It is superior to the one that was used and it can promote tangible economic growth in Australia. The investment of inflows is indeed a major issue from the analysis. It does not allow the proper flow of funds to all the sectors where they might be required within the shortest time. The inflow system should be greatly enhanced so that no sector is suffocated of funds. There should be constant monitoring of the trickling down effects of the funds to detect any shortfalls or any obstacle that might delay the flow. Adding value to an active management is important and requires appointment of managers to head various aspects of the economy. It also demands that investment be made on short term things that can give quick returns and be adjusted accordingly. Constant monitoring is crucial to seal any loopholes that might arise in this porous style. In a situation where the bond points are changing in an unprecedented fashion like is expected in this system the only way out is to adopt an index strategy that is flexible so that the shocks are well taken care of without harming the economy per se. In the Australian fixed interest risks are very common leading low annualised returns if not well managed by managers. Australian and international property is also quite expensive and has suffered a lot form the recent experiences, the management cost has been sky rocketing leading to excesses. Private equity is very unpredictable and cannot be easily correlated with other classes. It can therefore be hectic trying to draw comparisons and parallels of its performance. The alternative would be value added form which promotes management and injects fresh impetus into the whole investment. The next is index management which is very stable and is suitable for comparisons with other sectors and inter countries (Clinton, Van der Merwe, 2006). Managers A has done exceptionally well in terms of the results that he has put forward. For instance, the reported annual dividend is higher (4.51%) signifying good profits for the investment chosen. The fully flanked dividend was quite stable during manager As period. Fund managers should try a combination of value addition and active management. This will enable them to have better control of the investment, the trickling effect will be very high and there will be good monitoring and comparison of the investments in many fronts van der (Merwe, 2011; Clinton, Matuszewski, Tidrick, 2011). References Clinton, D., Matuszewski, L.,Tidrick, D. (2011). "Escaping Professional Dominance?". Cost Management. New York: Thomas Reuters RIA Group (Sep/Oct). Clinton, D., Van der Merwe, A. (2006). "Management Accounting - Approaches, Techniques, and Management Processes". Cost Management. New York: Thomas Reuters RIA Group (May/Jun). Friedl, G., Hans-Ulrich, K., Burkhard, P. (2005). "Relevance Added: Combining ABC with German Cost Accounting". Strategic Finance (June): 5661. Sharman, A. (2003). "Bring on German cost accounting". Strategic Finance (December): 29. Kilger, W. (2002). Flexible Plankostenrechnung und Deckungsbeitragsrechnung. Wiesbaden, Germany: Gabler GmbH. van der Merwe, A. (2011). Presentation at IMA's annual conference - Managerial Costing Conceptual Framework Session. Orlando, FL: Unpublished.

Monday, April 6, 2020

The Book Thief and The Art of Racing in the Rain Essay Example

The Book Thief and The Art of Racing in the Rain Paper Is it hard to living every day of life not knowing what tomorrow could bring?In both novels, The Book Thief and The Art of Racing in the Rain, have similar conflicts that define the strength of the characters. The Art of Racing in the Rain is a story from a dogs point of view. Most of the book is based on a conflict in which Dennys wife, Eve, dies unexpectedly from cancer. Although Eve knew her illness was severe, she chose to hide it from her family. Eve’s parents claim custody of Denny’s daughter, Zoe and blame him for many incidents that didn’t occur. The Book Thief is a story that takes place during World War ll. Liesel, the main character is having to adapt to a new family after her mom gave her up for a chance for a better life. The family she stayed with lived in Molching Germany, while Hitler committed his atrocities throughout Europe. While Jews were getting exterminated, Liesel and her family hid Max, a Jew in their house. They risked their lives by doi ng that. Liesel experienced many deaths in her life, but throughout these hard times, she maintained the will to live. The main conflict of adapting to a new lifestyle is seen throughout both novels. Both Enzo, the family dog, and Liesel have to adapt to very hard situations that are almost unimaginable. In Book Thief by Markus Zusak, the narrator says, â€Å"At school, Rudy made a special point of seeking Liesel out during the breaks. He didn’t care that others made noises about the new girl’s stupidity† (47). Liesel had just moved in with her new family and was attending her first day of school. She was a new girl who didnt know how to write. People thought she was stupid. She had to learn to adapt by starting in a new school where she was less educated than the other students. In The Art of Racing in the Rain, Denny is faced with the unimaginable. Garth Stein says, â€Å"To live every day as if it had been stolen from death, that is how I would like to live. To fe We will write a custom essay sample on The Book Thief and The Art of Racing in the Rain specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Book Thief and The Art of Racing in the Rain specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Book Thief and The Art of Racing in the Rain specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Sunday, March 8, 2020

The Little Girl Eater, by Septimus Dale Essay Example

The Little Girl Eater, by Septimus Dale Essay Example The Little Girl Eater, by Septimus Dale Essay The Little Girl Eater, by Septimus Dale Essay In class we read the story of The Little Girl Eater, by Septimus Dale. The central character is a man called Mason and the story begins with him lying on sand beneath an old coal jetty; hed been there a long time, after taking a short cut when the tide was out, through the girders. He knew the tide was heading back his way, and would eventually drown him. It was early April so it was very unlikely that some one would find him. Mason felt sick and weak; huge waves of nausea hit him like the waves of the sea. He could no longer feel his lower limbs, nor move them. Mason felt that he must reason out a manner of escape before it was too late. Mason had tried calling out to begin with, but this was a failure. However, an ingenious plan formed in his mind: if he were to burrow downwards, instead of trying to force himself upwards, he might dig himself enough clearance to crawl clear. It all depended on what lay beneath. Miranda was a little girl, not pretty at all; in fact, eminently ugly: her nose was lengthy; she had an extremely obese physique. The road her car was travelling on was jolting; she was on the back seat; her mother in the front with her friend, Johnny, who was driving. Johnny was nice: he didnt mind going anywhere with his car, unlike her dad. They were going to the sea. Johnny wanted to send Miranda down to the beach to play, for obvious reasons. Mason soon stopped burrowing because it had frayed him out. The pier was made on a solid concrete base but the concrete bank was not high enough to hold the girder. Suddenly he saw a tin can lying half-submerged in the sand; he decided, hed give him self an instant death by cutting his throat, a quicker way to die, less tormenting than to be slowly drowned by the waves of the sea. Miranda was gazing down on Mason below, a funny sort of man, because she could only view his shoulder and his arms. She was afraid to ask him what he was doing because she knew grown ups got upset easily. Mason wasnt upset when she ran away because he knew she would tell someone shed seen him. When Miranda told her mother, Mirandas mother was shocked when she said a bloody man. She told Miranda she shouldnt make up silly stories. Johnny told Miranda the man under the pier was a Little Girl Eater: who lived under the sea and, when the tide was out, waited for silly little girls and gobbled them up instantly. Miranda asked her mother if she could go back to play on the beach.

Friday, February 21, 2020

Quantitative analysis Essay Example | Topics and Well Written Essays - 2250 words

Quantitative analysis - Essay Example The measurement is based on a proper sequence, and time intervals are equally distant and uniform (Schelter, Winterhalder et al. 319). The main aim of this kind of analysis is to determine any possible existence of a pattern or sequence in a given set of data. The time series analysis itself offers variety of methods, namely the forecasting approach, the univariate approach, which involves limited variables, and other advanced techniques like Gaussian and Box-Jenkins model. Large number of events can be counted as examples of time series analysis that we see in our daily life in our routine activities. For example, the constant rise in the inflation rate, the unemployment rate, the rise in salary, local currency depreciation, annual budgets estimation and comparison with the past values and prediction of upcoming budgets – all these things are possible through the effective tool known as time series analysis. Time series analysis is a vast entity in itself and contains various other methods and approaches, which makes it one of the most effective means of quantitative analysis of data. Various types of Time Series Analysis Continuous time series As the name applies, the samples and patterns are collected over a continuous and recurrent time frame (Tsay 287). Discrete In contrast to continuous time series, the discrete method attains certain values at fixed and definitive moments. Deterministic vs. Stochastic The data so obtained is deterministic in nature, that is, the accuracy and predication level is relatively high and accurate. The stochastic method involves relative use of probability and assumption based on the trends. These trends are collected from the past and present values, which enables the prediction of future trends. Advantages There are a number of advantages attached to this form of analysis; the first and foremost is the possibility to analyze things based on solid foundations and evidence, which involves study and consideration of sampl es and patterns from past values and may include the data from present values if a future trend is to be determined. It enables gathering data on a more consistent pattern that is relatively more reliable. Another advantage of this pattern is the co-relational factor and dependency between the variables involved. With the element of dependency in the analysis, the results become more reliable and consistent, and in such cases a change in one, or any other alteration, might result in disturbance and variation in the other, so the entire system is under a uniform control and each entity is dependent on the presence and behavior of the other entity in the system under analysis. Due to this feature, it has the ability to determine the linear and non-linear functions and relations. Other salient features of time series analysis include constant observation, with no data missing in-between, and the time slots and observational chunks are equally spaced. Applications Though time series ana lysis finds its application in a large number of places and circumstances, the most notable of them is the process of forecasting. Forecasting is an essential tool of managerial world and in other processes where predictions are needed and made about a certain future value. Time series analysis is the best tool for it. The process is naturally designed in such a way that completely fulfils the requirements of a

Wednesday, February 5, 2020

Analysis Assignment Example | Topics and Well Written Essays - 750 words - 3

Analysis - Assignment Example The quality control management depends on the policies and procedures of the various sections of the quality plan. The Credit Quality control procedures and policies are in place to ensure that the auditors are able to access the potential violation of any guidelines in connection with the policies and the procedures. The credit control procedure covers the following sections of the quality control plan: 1. Reviewing of policies for the changes in management- this complies with the quality control plan section of reviewing of procedural compliance in servicing. This assists in adjusting the quality control plan for audit, examinations, and findings procedures. 2. The review of outdated contents and a review of names of unaffiliated entities that are not relevant to the areas of editing - This relates to the quality control policy of ensuring that all mortgagees are eligible and has no connection with delinquent federal debt. 3. The control also makes preliminary conclusions regarding the strength or weaknesses of policies and procedures to come up with the areas best for transactions tests. This is to ensure that the quality control plan upholds timeliness and frequency in terms of servicing functions. 4. The credit quality control also involves testing whether the actual practices are consistent with the written policies and procedures of operations. This would make it easier to eliminate weakling procedures. The Servicing Quality Control policies and procedures address various sections of the quality control plan. As covered in the quality control plan, servicing quality control deals with issues revolving around the customer care, loss mitigation, default management, loan administration, and cash management, investor reporting and shared services. The servicing quality control checks the effectiveness of the PLS policies and internal controls to ensure that the business line has approximately mitigated key risks (James and Donald 287). The

Tuesday, January 28, 2020

Procesos Industriales y de Servicio

Procesos Industriales y de Servicio Cadena de valor: es un modelo teà ³rico que permite describir el desarrollo de las actividades de una organizacià ³n empresarial, descrito y popularizado por Michael E. Porter. La cadena de valor categoriza las actividades que producen valor aà ±adido en una organizacià ³n en dos tipos: las actividades primarias y las actividades de apoyo o auxiliares. Las actividades primarias se refieren a la creacià ³n fà ­sica del producto, su venta y el servicio posventa, y pueden tambià ©n a su vez, diferenciarse en sub-actividades. El modelo de la cadena de valor distingue cinco actividades primarias: Logà ­stica interna: comprende operaciones de recepcià ³n, almacenamiento y distribucià ³n de las materias primas. Operaciones (produccià ³n): recepcià ³n de las materias primas para transformarlas en el producto final. Logà ­stica externa: almacenamiento de los productos terminados y distribucià ³n del producto al consumidor. Marketing y Ventas: actividades con las cuales se da a conocer el producto. Servicio: de post-venta o mantenimiento, agrupa las actividades destinadas a mantener o realizar el valor del producto, mediante la aplicacià ³n de garantà ­as. Las actividades primarias està ¡n apoyadas o auxiliadas por las tambià ©n denominadas actividades secundarias: Infraestructura de la organizacià ³n: actividades que prestan apoyo a toda la empresa, como la planificacià ³n, contabilidad y las finanzas. Direccià ³n de recursos humanos: bà ºsqueda, contratacià ³n y motivacià ³n del personal. Desarrollo de tecnologà ­a, investigacià ³n y desarrollo: obtencià ³n, mejora y gestià ³n de la tecnologà ­a. Abastecimiento (compras): proceso de compra de los materiales. Para cada actividad de valor aà ±adido han de ser identificados los generadores de costes y valor 2. Identificacià ³n y priorizacià ³n de macroprocesos Las empresas y sus divisiones autà ³nomas dirigen sus asuntos principales por medio de grandes sistemas de uso repetido que son intrà ­nsecamente multifuncionales llamados macroprocesos. La mayorà ­a de los macroprosesos son procesos empresariales que tienen sus papeles dentro del concepto de sacar nuevos productos, procesar los pedidos de los clientes, cobrar, contratar empleados, entre otros. Los macroprocesos reciben informacià ³n de los proveedores, procesan esta informacià ³n, producen productos concretos y sirven esos productos a los clientes, externos e internos. El procesamiento realizado concuerda con la definicià ³n de proceso: serie sistemà ¡tica de acciones dirigidas al logro de un objetivo. Cuando las empresas crecen los macroprosesos se vuelven muy numerosos. Un macroproceso consiste en muchos segmentos llamados microprocesos. Cada uno se lleva a cabo dentro de una unidad organizativa funcional que, con frecuencia, està ¡ presidida por un supervisor de primera là ­nea. En resumen, los macroprocesos son aquellos que tienen mà ¡s de un proceso. 3. Diagramas de relacià ³n, interdisciplinarios y de flujo. Las herramientas que permiten visualizar mejor las rutas hacia el cambio son: los diagramas de relacià ³n, de proceso y de flujo. Los diagramas ayudan a dar visibilidad a trabajo. Ayudan a documentar las rutas que se emplean para satisfacer al cliente. El anà ¡lisis de estos diagramas permiten aumentar identificar acciones de mejora o cambio como: reducir tiempo de ciclo, disminuir defectos, bajar costos, medir desempeà ±os, reducir nà ºmero de pasos que no proporcionan valor agregado, etc. Se convierten en requisitos previos e importantes para tener à ©xito en el rediseà ±o estructural, reingenierà ­a o benchmarking. Diagrama de relacià ³n: Indica las interrelaciones o và ­nculos existentes entre los clientes y proveedores en las distintas partes de la organizacià ³n. Visià ³n global que describe las interacciones entre las principales funciones de la empresa. Es una imagen de las conexiones de entrada y salida (clientes y proveedores) entre las partes de una organizacià ³n, como las funciones, departamentos, divisiones o à ¡reas Diagrama de procesos interdisciplinarios: Muestran la forma en que los principales procesos atraviesan los là ­mites de varias funciones. Revela quà © ocurre en el interior y muestra la secuencia de pasos de los procesos productivos, entradas y salidas. Ilustran la forma de hacer el trabajo en las organizaciones, las trayectorias que siguen los insumos al ser transformados en resultados que los clientes valoran. Flujogramas: Herramienta mà ¡s conocida para ilustrar procesos productivos. Para definir, documentar y analizar procesos, con nivel alto de detalle. Un flujograma es la representacià ³n grà ¡fica de las secuencias de pasos que integran un proceso.   Mientras mà ¡s informacià ³n se incorpore serà ¡ de mà ¡s utilidad. Existen tres mà ©todos bà ¡sicos para recolectar la informacià ³n necesaria para crear un diagrama: Auto generacià ³n. Cuando se domina completamente el proceso. Entrevistas personalizadas. Con proveedores, operarios y clientes del proceso. Validacià ³n. Entrevista en grupo. Participacià ³n conjunta de todas las personas relevantes e involucradas, para la creacià ³n y validacià ³n del diagrama. El criterio mà ¡s importante para seleccionar el proceso es el impacto que tiene sobre el valor que percibe el cliente. Seleccionar los procesos que realizan las mà ¡ximas contribuciones al cliente como clase mundial y alta competitividad. Existen Otros criterios como la reduccià ³n de costos, reduccià ³n de tiempo de ciclo o respuesta, minimizar o eliminar defectos, cuellos de botella, tecnologà ­a obsoleta, etc. 4. Descripcià ³n de procesos Informacià ³n bà ¡sica (encabezado) Nombre del proceso Responsable o dueà ±o del proceso Cliente (persona, à ¡rea, depto. o empresa) Inicio Final Fecha en la cual se hace la descripcià ³n del proceso. Versià ³n Quià ©n lo elaborà ³ Quià ©n lo autorizà ³ Observaciones   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Elementos que constituyen la descripcià ³n del proceso ENTRADAS ACTIVIDADES RESPONSABLE SALIDAS Documentos o productos Accià ³n que se realiza con los elementos de entrada para producir las salidas. Deben de expresarse con verbos activos Personas o personas que ejecutan la accià ³n. Documentos o productos. FORMATO PARA DESCRIPCIÓN DE PROCESOS CRà TICOS IDENTIFICADOS A continuacià ³n se presenta el formato para que cada persona describa el proceso indicado. NOMBRE DEL PROCESO_________________________________________ DUEÑO DEL PROCESO__________________________________________ INICIO DEL PROCESO: __________________________________________ FINALIZACIÓN DEL PROCESO: __________________________________ CLIENTE_______________________________________________________ FECHA_____________________VERSIÓN: __________________________ ENTRADAS ACTIVIDADES RESPONSABLE SALIDAS Elaborado por:_______________________  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Aprobado por: _____________________ Fecha: _______________   Circulacià ³n: ______________________________________ 5. Rediseà ±o y validacià ³n de proceso Para ser competitivos deberà ­amos de abandonar las viejas ideas acerca de cà ³mo se debà ­a organizar   y dirigir un negocio. La reingenierà ­a significa volver a empezar, arrancando de cero. En esencia, la idea està ¡ en el pensamiento discontinuo. La identificacià ³n y el abandono de reglas anticuadas y de supuestos fundamentales que sustentan las operaciones o procesos corrientes. La reingenierà ­a es la revisià ³n fundamental   y el rediseà ±o radical de los procesos para alcanzar mejoras espectaculares en medidas crà ­ticas y contemporà ¡neas de rendimiento, tales como costos, calidad, servicio y rapidez. METODOLOGà A I: FASE I Filosofà ­a empresarial: Visià ³n, Misià ³n y Valores. Definir la empresa (productos o servicios, competencia, estructura, etc.) Identificacià ³n de procesos Clasificacià ³n de procesos crà ­ticos (cadena de valor) Diagrama de interrelaciones de procesos crà ­ticos FASE II Mapeo de procesos crà ­ticos. Recursos, documentos, apoyo e indicadores de eficiencia   y eficacia. Descripcià ³n de procesos crà ­ticos. Construccià ³n de diagramas de los procesos crà ­ticos.  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   FASE III Validacià ³n de los procesos. Complementar los procesos con medidas importantes dependiendo del tipo de proceso (tiempo, distancia, satisfaccià ³n.) Anà ¡lisis de Valor Agregado. Eliminar lo no necesario y que no agregue valor. Tratar de mejorar las necesarias que no agregan valor en cuanto a la dimensià ³n clave. FASE IV Analizar y rediseà ±ar los procesos. Cuantificar las mejoras. Validar el nuevo proceso Programar su implementacià ³n. Proyectar los beneficios Seguimiento y evaluacià ³n. Mejora de los procesos. METODOLOGIA II: PREPARACIÓN: 1.1 Reconocer la necesidad 1.2 Desarrollar consenso ejecutivo 1.3 Capacitar al equipo 1.4 Planificar el cambio IDENTIFICACIÓN: 2.1 Modelar clientes 2.2 Definir y medir rendimiento 2.3 Definir entidades 2.4 Modelar procesos 2.5 Identificar actividades 2.6 Extender modelo de proceso 2.7 Correlacionar organizacià ³n 2.8 Correlacionar recursos 2.9 Fijar prioridades de procesos VISIÓN: 3.1 Entender estructura del proceso 3.2 Entender el flujo del proceso 3.3 Identificar actividades de valor agregado 3.4 Referenciar rendimiento 3.5 Determinar impulsores del rendimiento 3.6 Calcular oportunidad 3.7 Visualizar el ideal (externo) 3.8 Visualizar el ideal (interno) 3.9 Integrar visiones 3.10 Definir subdivisiones SOLUCIÓN: Diseà ±o tà ©cnico 4 A1. Modelar relaciones de entidades 4 A2. Reexaminar conexiones de los procesos 4 A3. Instrumentar e informar 4 A4. Consolidar interfaces e informacià ³n 4 A5. Redefinir alternativas 4 A6. Reubicar y reprogramar controles 4 A7. Modularizar 4 A8. Especificar implantacià ³n 4 A9. Aplicar tecnologà ­a 4 A10. Planificar implementacià ³n SOLUCIÓN: Diseà ±o Social 4 B1. Facultar a empleados que tienen contacto con clientes 4 B2. Identificar grupos de caracterà ­sticas de cargos 4 B3. Definir cargos / equipos 4 B4. Definir necesidades de destrezas y personal 4 B5. Especificar la estructura gerencial 4 B6. Rediseà ±ar fronteras organizacionales 4 B7. Especificar cambios de cargos 4 B8. Diseà ±ar planes de carreras 4 B9. Definir organizacià ³n de transicià ³n 4 B10. Diseà ±ar programa de gestià ³n del cambio 4 B11. Diseà ±ar incentivos 4 B12. Planificar implementacià ³n TRANSFORMACIÓN: 5.1 Completar diseà ±o del sistema 5.2 Ejecutar diseà ±o tà ©cnico 5.3 Desarrollar planes de prueba y de introduccià ³n 5.4 Evaluar al personal 5.5 Construir sistema 5.6 Capacitar al personal 5.7 Hacer prueba piloto del nuevo proceso 5.8 Refinamiento y transicià ³n 5.9 Mejora continua ESTRUCTURA Là ­der. Alto ejecutivo que autoriza y motiva el esfuerzo total de la reingenierà ­a. Actuar como visionario y motivador, ideando, exponiendo la visià ³n del tipo de organizacià ³n que desea crear, comunica a todo el personal el sentido y propà ³sito. Debe tener autoridad sobre los recursos necesarios. Ser un autà ©ntico là ­der, vigoroso, emprendedor, convencido y conocedor. Dueà ±o del proceso. Gerente responsable de un proceso especà ­fico y del esfuerzo. Tiene la responsabilidad de rediseà ±ar su proceso. Debe acomodarse al cambio y ser sereno ante la adversidad. Motiva, inspira y asesoras a los equipos. Equipo. Grupo de individuos dedicados a rediseà ±ar un proceso, lo diagnostican, supervisan y ejecutan. Producir ideas y planes para convertirlos en realidades. Capacitarse, inventar y descubrir, creatividad y sà ­ntesis. Comità © Directivo. Cuerpo formulador de polà ­ticas, desarrollan estrategias y supervisan el progreso. Priorizan, asignan recursos y resuelven conflictos. Zar. Individuo responsable de desarrollar tà ©cnicas e instrumentos y de lograr sinergia. Capacita y apoya; coordina las actividades. 6. Herramientas para la optimizacià ³n de procesos PROCESO HERRAMIENTAS 1. Identificar problemas para resolver y proyectos de mejora. à ¼ Recoleccià ³n de datos à ¼ Tormenta de ideas à ¼ Principio de Pareto 2. Investigar las verdaderas causas del problema y/o factores para un proyecto. à ¼ Grà ¡ficas e histogramas à ¼ Listas de verificacià ³n à ¼ Tormenta de ideas à ¼ Diagrama causa efecto à ¼ Principio de Pareto à ¼ Anà ¡lisis de registro de produccià ³n o inspeccià ³n. 3. Determinar las mejores opciones o soluciones. à ¼ Principio de Pareto à ¼ Tormenta de ideas 4. Aplicar y evaluar las soluciones. à ¼ Recoleccià ³n de datos à ¼ Listas de verificacià ³n à ¼ Grà ¡ficas e histogramas 5. Tomar acciones para evitar que el problema se repita o asegurar que el proyecto sea exitoso. à ¼ Conceptos modernos de control à ¼ Modelos de planeacià ³n. 6. Presentacià ³n a la Gerencia. à ¼ Presentacià ³n profesional con la participacià ³n de todos los involucrados. RECOLECCIÓN DE DATOS Consiste en la recopilacià ³n de datos en forma acumulativa y sistemà ¡tica que se efectà ºa sobre determinada situacià ³n (equipo, proceso, procedimiento, actitud u otros) en formatos adecuados como reportes, hojas de trabajo o formas claras y durante un perà ­odo de tiempo, que està ©n directa o indirectamente relacionados con la calidad y el servicio. Procedimiento: a) Plantear claramente los objetivos del proyecto o del problema a resolver b) Analizar cada caso para definir quà © se va a medir u observar c) Registrar y ordenar todos los datos obtenidos d) Relacionarlos de manera que puedan proporcionar informacià ³n confiable e) Procesar la informacià ³n obtenida y validarla con los expertos en el tema f) Ordenar los datos de acuerdo con el grado de importancia o impacto g) Seleccionar la informacià ³n relevante a la solucià ³n del problema o al à ©xito del proyecto. TORMENTA DE IDEAS Es una tà ©cnica que consiste en dar oportunidad a todos los miembros de un equipo de trabajo, para opinar y sugerir con relacià ³n a un determinado proyecto o problema. Procedimiento: a) Se coloca el grupo frente a un rotafolio en forma circular. b) Nombrar a la persona que escribirà ¡ las ideas c) Se inicia el aporte de ideas uno por uno de acuerdo con la direccià ³n de las agujas del reloj. d) Cada idea es registrada en el rotafolio por la persona designada e) No se permite interrumpir o censurar al expositor de turno f) Las ideas se van desarrollando por està ­mulo de las ideas de los otros g) Se da por finalizada esta fase, cuando todos hallan agotado sus ideas del tema en cuestià ³n. h) Anà ¡lisis y reflexiones: cada quià ©n analiza la lista de ideas generadas, se permiten las preguntas para aclaraciones, se descartan las ideas descabelladas o no posibles, se utiliza alguna tà ©cnica adecuada para ordenarlas de acuerdo con la importancia que el grupo   considere adecuada. PRINCIPIO DE PARETO En todo fenà ³meno que resulte como consecuencia de la intervencià ³n de varias causas o factores ordenados de mayor a menor, segà ºn sea su importancia, se encontrarà ¡ que un nà ºmero pequeà ±o de causas, que encabeza la lista, contribuye a la mayor parte del efecto; mientras que el grupo restante, contribuye a una pequeà ±a parte del efecto.    CAUSAS  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   EFECTO Pocos Vitales  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Muchos Triviales Grà ¡fica de Pareto: Es una grà ¡fica presentada por barras verticales en forma descendente, correspondiente a la priorizacià ³n dada por el principio de Pareto o regla 80/20. Procedimiento: a) Identificar el efecto que nos interesa analizar (proyecto o problema crà ­tico) b) Hacer lista de todas las posibles causas que contribuyen al efecto (tormenta de ideas), si es posible se puede de una vez cuantificar el impacto. c) Ordenar dichas causas basadas en su contribucià ³n de mayor a menor, con su peso cuantitativo real o por medio del porcentaje. d) Graficar en forma de barras para identificar los pocos vitales y los muchos triviales. DIAGRAMA CAUSA EFECTO O DE ISHIKAWA. Es una herramienta para el anà ¡lisis de causa efecto, utilizada para determinar acciones o soluciones a problemas identificados a travà ©s de un anà ¡lisis de Pareto. Este diagrama de Ishikawa se traza con una espina dorsal o là ­nea central que constituye e camino a la cabeza que es donde colocamos el efecto (proyecto o problema a resolver), hacia la cual se dirigen las espinas que està ¡n constituidas por las causas y sub-causas. Tà ©cnica de las 5M ´s: En las empresas se utiliza esta clasificacià ³n de causas, que aunque no es obligatoria, incluye la clasificacià ³n de causas en cinco categorà ­as, que la experiencia muestra que son prà ¡cticas y nos ayuda a ordenar la informacià ³n de una forma bastante simple. Las categorà ­as especà ­ficas son: à ¼ Mano de obra à ¼ Mà ©todos y procedimientos à ¼ Materiales à ¼ Maquinaria y equipo à ¼ Medio ambiente. Procedimiento: a) Definir el problema o situacià ³n a realizar. Normalmente derivado del anà ¡lisis de Pareto. b) Dibuje un cuadro o rectà ¡ngulo al lado derecho de la hoja o superficie en la cual va a construir el diagrama y escriba dentro del cuadro el problema o efecto. c) Dibuje una flecha horizontal de izquierda a derecha que llegue al cuadro dibujado d) Dibuje las espinas, cinco si decide utilizar las 5M ´s, rotulando cada una con las categorà ­as. e) Coloque cada una de las causas de acuerdo con su naturaleza en la categorà ­a que considere adecuada.  Ãƒâ€šÃ‚   Utilice previamente la tormenta de ideas. f) Al terminar de la clasificacià ³n en el diagrama, determine las causas mà ¡s importantes para definir una accià ³n concreta. Mano de Obra  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Mà ©todos y Procedimientos Maquinaria y  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Materiales  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Medio ambiente Equipo CAUSAS EFECTO GRà FICAS ESTADà STICAS, HISTOGRAMA Las grà ¡ficas son representaciones de algà ºn fenà ³meno o evento cualquiera a travà ©s de figuras, sà ­mbolos, là ­neas, dibujos, etc   Al mismo tiempo, son herramientas de comunicacià ³n que permiten expresar de una forma muy clara, simple y efectiva lo que nos nà ºmeros muestran confusamente u ocultan. Procedimiento: a) Ordenar los datos en un formato adecuado para el efecto. b) Decidir quà © tipo de grà ¡fica serà ¡ à ºtil y verificar si se cuenta con los datos necesarios para construirla. c) Construir la grà ¡fica de acuerdo con los datos trazando en los casos que se necesiten los ejes horizontal (X) y vertical (X). d) Asigne la escala mà ¡s adecuada, buscando la proporcionalidad mà ¡s adecuada para el tipo de grà ¡fica que se construirà ¡. e) Dibuje a mano o con la ayuda de la computadora la grà ¡fica especà ­fica. f) Una puntos, correlacione variables, utilice porcentajes, etc.   dependiendo de si es una grà ¡fica de barras (verticales u horizontales), grà ¡fica de pastel o circular, un diagrama de dispersià ³n, una grà ¡fica de Pareto, un histograma, una grà ¡fica de control, etc. PRESENTACIÓN A LA GERENCIA Tambià ©n se denomina presentacià ³n de proyectos y es una de las actividades mà ¡s importantes y provechosas para los equipos, ya que todos tendrà ¡n la oportunidad de exponer frente a la gerencia. Consiste en presentar todo lo que se ha trabajado desde la tormenta de ideas para identificacià ³n de problemas o proyectos, hasta el planteamiento final de la solucià ³n, en la cual todos los integrantes de un equipo han aportado ideas, creatividad, trabajo y han colaborado para alcanzar el à ©xito. Procedimiento: Antes de la presentacià ³n: a) El equipo de trabajo debe prepararse y ordenar la presentacià ³n de su proyecto para que sea claro y preciso. b) Organizar, estableciendo un orden là ³gico de temas y asignarlos de tal manera que todos participen en la presentacià ³n.   c) Practicar la presentacià ³n para enmendar errores y cumplir con el tiempo designado. d) Preparar todos los detalles necesarios con anticipacià ³n, para evitar contratiempos. e) Asegurarse que en el lugar de la presentacià ³n donde se va a realizar està © bien acomodada y que se cuente con todos los recursos necesarios. f) Asegurarse que sean invitados y que asistan todas las personas que son vitales para la presentacià ³n. 7. Justo a tiempo Es una filosofà ­a industrial, que considera la reduccià ³n o eliminacià ³n de todo lo que implique desperdicio en las actividades de compras, fabricacià ³n, distribucià ³n y apoyo a la fabricacià ³n (actividades de oficina) en un negocio. El desperdicio se concibe como todo aquello que sea distinto de los recursos mà ­nimos absolutos de materiales, mà ¡quinas y mano de obra necesarios para agregar valor al producto. Justo a tiempo (JAT) implica producir sà ³lo exactamente lo necesario para cumplir las metas pedidas por el cliente, es decir producir el mà ­nimo nà ºmero de unidades en las menores cantidades posibles y en el à ºltimo momento posible, eliminando la necesidad de almacenaje, ya que las existencias mà ­nimas y suficientes llegan justo a tiempo para reponer las que acaban de utilizarse y la eliminacià ³n de el inventario de producto terminado. Para que el JAT sea efectivo es necesario desarrollar una cultura de intervencià ³n de las personas, de trabajo en equipo, de involucramiento de las personas con las tareas que realiza, de compromiso o lealtad de los colaboradores con los objetivos de la empresa, para que el JAT funcione. APLICACIONES Produccià ³n o procesos de produccià ³n. n Utilizar mà ¡quinas de mà ºltiples propà ³sitos, en las que fà ¡cilmente se pueda pasar de la produccià ³n de un componente a otro. n Aplicar las tà ©cnicas de grupos o celdas, donde las series de componentes se puedan producir juntas, esto permite reducir los perà ­odos de planificacià ³n. n Trazar un esquema en U, en el cual los materiales se colocan en un costado de la U, y los productos terminados en el otro costado, permitiendo la reduccià ³n del movimiento del material. n Utilizar à ³rdenes de compra generales , que autoricen a un proveedor a suministrar una cierta cantidad de material durante un perà ­odo de tiempo, esto evita las à ³rdenes individuales, ahorrando tiempo y esfuerzo. Reduciendo los costos operativos. Niveles de inventario reducidos n Utilizar un sistema para hacer que los materiales fluyan de acuerdo con los requerimientos de produccià ³n / trabajo, conocido tambià ©n como sistema de afluencia antes de un sistema de almacenado. Mejoramiento del control de calidad n Insistir en los detalles de calidad de los proveedores o fuentes. n Adoptar un sistema de control de calidad total, comenzando con la calidad de los artà ­culos suministrados por el proveedor, poniendo à ©nfasis en la calidad en la là ­nea de produccià ³n de los artà ­culos manufacturados y en la calidad del servicio que presta el colaborador. Mejoramiento de la calidad y la fiabilidad. n Diseà ±ar calidad y fiabilidad en el producto. Utilizar tà ©cnicas de ingenierà ­a del valor, diseà ±o para la fabricacià ³n y diseà ±o para el montaje. El objetivo es eliminar el descarte y todos los defectos, para que los clientes reciban una calidad superior con menos reparaciones de garantà ­a. Flexibilidad del producto. n La menor cantidad de trabajo en proceso permite una mayor capacidad para responder rà ¡pido a los cambios en las demandas del consumidor para diferentes artà ­culos. Responsabilidad en la distribucià ³n. n Al utilizar el sistema de afluencia y el control de calidad total permite dar una mejor respuesta a los clientes, en cuanto a una distribucià ³n puntual de productos y de servicios de calidad. Utilizacià ³n de los activos. n Reducir la inversià ³n de capital. n Al reducir los inventarios y contar con un manejo mà ¡s eficiente, se requieren menos activos para los procesos actuales. Esto permite reducir los gastos operativos de las instalaciones actuales o brinda mà ¡s espacio para la expansià ³n del negocio. Utilizacià ³n del personal n Promover la capacitacià ³n cruzada del personal para trabajar en diferentes à ¡reas de produccià ³n. Los empleados familiarizados con el proceso contribuyen al mejoramiento continuo; pues poseen mà ¡s sentido de propiedad con respecto al producto o servicio. Minimizacià ³n de los costes: n Reducir el inventario. n Reducir el desperdicio de material y el desaprovechamiento de la mano de obra debido a los defectos. n Establecer cuotas de trabajo simplificadas que significan menores costes por primas. n Reducir los costes mediante el mejoramiento del mantenimiento preventivo. n Simplificar los procesos administrativos para reducir el trabajo por empleado. FASES FASE 1: Definir el porquà © El porquà © de aplicar el JAT es convertir la produccià ³n de la empresa en un arma estratà ©gica y no sà ³lo para bajar costos. En esta fase hay dos pasos: 1. Concientizacià ³n: Las directivas tendrà ¡n que formarse una idea clara del JAT a fin de generar tres visiones del futuro relacionadas entre sà ­: n Visià ³n del Proceso Fà ­sico -ver a la empresa dentro de 3 a 5 aà ±os, en su proceso fabril, flujo de materiales, compras, distribucià ³n, etc. n Visià ³n del Clima Organizacional -Se debe tener un fuerte liderazgo del presidente, una à ©tica en toda la empresa que propicie la innovacià ³n y haga sentir a los empleados que su aporte es importante, trabajo en equipo y cooperacià ³n entre departamentos, personas que està ©n acordes con los requerimientos del cargo y que se sientan motivadas a contribuir al mejoramiento de su empresa. n Visià ³n del Mercado -Ver posibles oportunidades en el mercado para adelantarse a la competencia. 2. Formular Estrategia de Produccià ³n/Mercado: Dicha estrategia debe ser comprensible para todos. Un nivel se referirà ¡ al crecimiento y expansià ³n otro nivel a responsabilidades de los cargos y otro a estabilidad de los cargos. FASE 2: Creacià ³n de la Estructura En la organizacià ³n entran en juego cuatro protagonistas clave:   n El comità © directivo: Encabezado por un alto ejecutivo, el gerente de planta, representantes de gerencia medias, supervisores y empleados comunes. n Un facilitador: Persona accesible y de confianza, su funcià ³n es que el esfuerzo JAT sigua su marcha y que se alcancen los objetivos a corto y largo plazo. n Los grupos encargados de proyectos: Son los encargados del proyecto piloto, de la implantacià ³n del JAT   proyecto por proyecto. Formado por miembros de administracià ³n superior intermedia y los empleados de la fà ¡brica que pondrà ¡n en prà ¡ctica   los cambios n Los jefes de los grupos de proyectos: Son administradores del grupo y el enlace con el comità © directivo. FASE 3: Puesta en Marcha del Plan  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Comprende tres pasos: 1. Proyectos piloto e implantacià ³n proyecto por proyecto: se establecen ciertas tà ©cnicas JAT, como agilizacià ³n del alistamiento, las celdas de maquinaria, y los sistemas de halar. Otros proyectos pilotos girarà ­an en torno a à ¡reas externas de oportunidad, tales como compras JAT. 2. Educar: Capacitar al personal para que adquieran las habilidades necesarias para llevar a cabo el JAT. 3. Cambiar Sistemas y Normas. Para que se amolden a los principios del JAT. 8. Kaizen Kaizen es un sistema enfocado en la mejora continua de toda la empresa y sus componentes, de manera armà ³nica y proactiva. El Kaizen surgià ³ en el Japà ³n como resultado de sus imperiosas necesidades de superarse a si misma de forma tal de poder alcanzar a las potencias industriales de occidente y asà ­ ganar el sustento para una gran poblacià ³n que vive en un paà ­s de escaso tamaà ±o y recursos. Hacer posible la mejora continua y lograr de tal forma los mas altos niveles en una serie de factores requirià ³ aparte de constancia y disciplina, la puesta en marcha de cinco sistemas fundamentales: 1. Control de calidad total / Gerencia de Calidad Total En su desarrollo inicial, hacà ­a à ©nfasis en el control del proceso de calidad. Esto ha evolucionado hasta convertirse en un sistema que abarca todos los aspectos de la gerencia, y ahora se conoce como gerencia de calidad total (TQM). La gestià ³n de calidad total es una manera de mejorar constantemente la performance en todos los niveles operativos, en cada à ¡rea funcional de una organizacià ³n, utilizando todos los recursos humanos y de capital disponibles. El mejoramiento està ¡ orientado a alcanzar metas amplias, como los costes, la calidad, la participacià ³n en el mercado, los proyectos y el crecimiento. en la aplicacià ³n de mà ©todos cuantitativos y recursos humanos para mejorar el material y los servicios suministrados a una organizacià ³n, los procesos dentro de la organizacià ³n, y la respuesta a las necesidades del consumidor en el presente y en el futuro. La gestià ³n de calidad total integra los mà ©todos de administracià ³n fundamentales con los esfuerzos de perfeccionamiento existentes y los recursos tà ©cnicos en un enfoque corregido, orientado al mejoramiento c

Monday, January 20, 2020

AIDS and STD Education :: Free AIDS Essays

AIDS and STD Education Adults (over the age of 18) from the _________ company and other peope who I know were randomly assigned to receive the survey. The group includes married males and females as well as single male and females. There are 19 female and 31 male subjects. A survey consisting of twenty statements concerning sexually transmitted disease and HIV infection. The survey was designed by myself . The purpose of the survey is to measure participants awareness of AIDS and sexually transmitted diseases. I am trying to show that people are not well informed about subjects such as condom use, condom use and alcohol, transmission of sexual diseases, and the magnitude of the AIDS problem. Subjects are asked to choose the level with which they agree or disagree with each statement. There are two levels of agreement and two levels of disagreement. See appendix A. A consent form was signed by all participants. See appendix B. Results t-test*: t (48) = -2.2185, p < .0313 | | | df cv pv Variable N Mean Std Dev. Minimum Maximum Q1 50 1.420 0 .810 1.00 4. AIDS and STD Education :: Free AIDS Essays AIDS and STD Education Adults (over the age of 18) from the _________ company and other peope who I know were randomly assigned to receive the survey. The group includes married males and females as well as single male and females. There are 19 female and 31 male subjects. A survey consisting of twenty statements concerning sexually transmitted disease and HIV infection. The survey was designed by myself . The purpose of the survey is to measure participants awareness of AIDS and sexually transmitted diseases. I am trying to show that people are not well informed about subjects such as condom use, condom use and alcohol, transmission of sexual diseases, and the magnitude of the AIDS problem. Subjects are asked to choose the level with which they agree or disagree with each statement. There are two levels of agreement and two levels of disagreement. See appendix A. A consent form was signed by all participants. See appendix B. Results t-test*: t (48) = -2.2185, p < .0313 | | | df cv pv Variable N Mean Std Dev. Minimum Maximum Q1 50 1.420 0 .810 1.00 4.

Saturday, January 11, 2020

Inventory Management Essay

Inventory is the quantity or total amount of goods and materials in a store or factory for some immediate or some future use. The reasons for holding more than adequate stocks of inventory would be 1.  Ã‚  Ã‚  Ã‚  Ã‚   to keep business operations running and to meet current orders 2.  Ã‚  Ã‚  Ã‚  Ã‚   to meet unforeseen demand and to effectively meet customer orders 3.  Ã‚  Ã‚  Ã‚  Ã‚   to take care of the lead time , ie , the time gap between ordering the stores and   receiving them and place orders accordingly 4.  Ã‚  Ã‚  Ã‚  Ã‚   to use as a hedge against price increases and inflation and control losses 5.  Ã‚  Ã‚  Ã‚  Ã‚   to even out erratic demand requirements. Inventory control or inventory management is an attempt to maintain an adequate supply of goods while minimizing inventory costs resulting from obtaining and holding inventory with the purpose of providing information to â€Å"efficiently manage the flow of materials, effectively utilize people and equipment, coordinate internal activities and communicate with the customers.†Ã‚   .   Some of the terminologies related to inventory management are EOQ-Economic Order Quantity   – or how much to order SAFETY STOCKS- how much inventory to hold on hand REORDER LEVEL – the minimum levels of stocks at which new order for stocks is to be placed. Visual control –enables the manager to examine the inventory visually and determine if more inventory is required. Tickler control -enables the manager to physically count a small portion of the inventory each day so as to cover the entire range of inventory regularly over several days. Click sheet control is a method whereby the manager records the item as it is used on a sheet of paper. This information is used while determining the reorder levels.   Stub control (used by retailers) enables the manager to retain a portion of the price ticket when the item is sold. The manager can then use the stub to record the item. Point-of-sale terminals relay information on each item used or sold. The manager receives information printouts at regular intervals for review and action. Off-line point-of-sale terminals relay information directly to the supplier’s computer who uses the information to ship additional items automatically to the buyer/inventory manager. The final method for inventory control is done by an outside agency. A manufacturer’s representative visits the large retailer on a scheduled basis, takes the stock count and writes the reorder. Unwanted merchandise is removed from stock and returned to the manufacturer through a predetermined, authorized procedure.

Friday, January 3, 2020

The Fall of Communism in Eastern Europe Essay - 2009 Words

The Fall of Communism in Eastern Europe Many political beliefs exist. Everyone has the right to chose what to believe in, what ideas to have, what to seek and how to achieve his goals. Political science is not very defined and strict. Specific rules saying that if one believes in a certain idea he should join a certain party do not exist. Certain things match certain group of people and other things this group of people would not accept. The same principle can be applied for countries. Communism appears to be successful for China, but it failed for Eastern European countries. It is very important the proper way of government to be found and used by the government of a country. The failure of the government can lead to failure in†¦show more content†¦Karl Marx is the most famous theoretician of communism. Johnson acknowledges Marx’s most famous quote: â€Å"From each according to his ability; to each according to his need† which is a thought that within itself includes the basic idea of communism. Pro fessor Johnson explains that the deeper deliberation of the concept is that everyone is expected to co-operate in the process of production. The individual citizen’s equal rights of access to consumer goods though would be completely unaffected by his own individual contribution to production. (Johnson) It was expected of people to stop thinking about money and how much they get, how much they can spend and how to get more. Furthermore they had to stop thinking about profit, contracts, banking, loans, insurance etc. The communist leaders thought that would eliminate all the major social problems such as class conflict, political oppression, racial discrimination, inequality of sexes, religious prejudice, and cultural backwardness. They believed it would also put an end to more such â€Å"psychological† forms of suffering as isolation and feelings of powerlessness. Johnson claims that the specific type of communism that occurred in Easter Europe was the Marxist-Leninist variant of socialism where people believed that a truly communist society can be achieved only through the powerful overthrow of capitalism and the establishment of a â€Å"dictatorship of the proletariat†. They thought thatShow MoreRelated The Status of Women in the Work Force After the Fall of Communism in Eastern Europe3913 Words   |  16 PagesThe Status of Women in the Work Force After the Fall of Communism in Eastern Europe The fall of communism in Eastern Europe and the former Soviet Union marked the end of an era in which official ideology and state policy often masked the reality of citizens lives. 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After World War II, with the rise of the United States and the USSR as the world’s foremost superpowers, Europe split between East and West. NATO allied Western Europe and the United States against the rise of communism. The Warsaw Pact allied Eastern Europe militarily. This effectively split Europe into two competing camps that ensured relative peace for the following decades. In 1989, however, that changed entirely. With theRead MoreEssay on The Fall of Communism1064 Words   |  5 PagesWWII, most of Eastern and Central Europe’s countries were being occupied by the soviet army. They came to be controlled by the Soviet government and pulled back behind an â€Å"iron Curtain†. Winston Churchill’s famed Iron curtain remark refers to the countries that fell under the spell of t he Soviet Union and shut out the western world ways of capitalism. The countries of Eastern Poland, Hungary, Czechoslovakia, Bulgaria, Yugoslavia, Romania, Albania and Eastern Germany formed the Eastern Bloc that wasRead MoreCauses anf Results of Communism in Eastern and Central Europe611 Words   |  3 PagesCommunism was one of the political theories founded by Friedrich Engels and Karl Marx in the end of the 19th century . Both of these philosophers had the same point of view concerning the economic and political principles. Also, Communism brought up many changes to International Relations , and the body of the essay will describe the causes and results of Communism in Eastern and central Europe. In 1844 Engel and Marx started to discover interesting facts about Communism and no longer in 1848Read MoreThe Collapse Of Communism Was A Major Victory For The United States1231 Words   |  5 Pagesto the East Germans who had been oppressed under communism in East Germany. The transition let Germany govern themselves, ending the control of the United States, Britain, France and the Soviet Union. This event was important in America; because it symbolized the collapse of communism. It meant that the United States cold war with Russia was over, It recreated a trade relation with America and countries all over the world. The collapse of communism was a major victory for the United States. â€Å"By theRead MoreCommunism And The Soviet Union Essay1672 Words   |  7 Pagestwo ideological blocks. The eastern bloc popularly known as the United Socialist Soviet of Russia (USSR) and the western bloc dominated by United States and European countries. Now the Soviet Union supported socialist economic ideology and was prepared to ensure that the socialist countries remained socialist-by all means. On the other hand, United States and allies were for capitalism and were determined to spread it as far as possible. They detest socialism and communism because it was against buildingRead MoreThe War Of The Cold War1504 Words   |  7 Pageswas the fight for communism vs. capitalism. With this, I contend, that there are various contributions from this war, that created the society that we live in today. At the end of World War Two, came the beginning of the Cold War. The war lasted from about 1945 to 1963. There were many different aspects of importance to this war, but some of the main focuses were on the more bigger issues. Some of those issues involved; The possession of nuclear weaponry, the division of Europe into two differentRead MoreContainment: Cold War and George C. Marshall Essay960 Words   |  4 Pagesthree specific programs or institutions in your response. * First laid out by George F. Kennan in 1947, Containment stated that communism needed to be contained and isolated, or it would spread to neighboring countries. This spread would allow the Domino Theory to take hold, meaning that if one country fell to communism, then each surrounding country would fall   * Kennan sent a 8000 telegram to the U.s (long telegram) he told insight on soviets and there ruthless expansion. He said thatRead MoreCollapse Of The Soviet Union Inevitable1334 Words   |  6 Pagesfrom 1945-1991, the Cold War came to an end due to the fall of the Soviet Union. It was inevitable due to the fact during the last few years of the war, the USSR face internal domestic problems such as their financial/economic situation, failed political reforms, and revolution throughout the Union itself. The causes to the collapse of the Union not only affected them but affected the world to present day. The first major reason why the fall of the Soviet Union was inevitable was due to their internal