Longxi Machinery Works – Quality Improvement Issues Mr. Shi‚ Manager of the Quality Management Department at Longxi Machinery Works (Longxi) received a report regarding quality concerns with the production of a critical part used in the engine called duo-gear shaft (DGS). This was not the first time that quality concerns about this part had come to Shi’s attention. The immediate task is to lower the defect rate of the production of DGS to a satisfactory level. The basic issue lies on the motivation
Premium Total quality management Motivation Quality assurance
-1- THE KARACHI ELECTRIC SUPPLY COMPANY LIMITED INTRODUCTION History Karachi Electric Supply Company Limited (KESC)‚ (formerly Karachi Electric Supply Corporation) is one of the city’s largest employers: around 17‚000 people currently work for the company. It is also one of the oldest companies in Karachi and was established in the city even before the creation of Pakistan in 1947. Incorporated in September 13‚ 1913‚ under the Indian Companies Act of 1882‚ the company was nationalized in 1952 but
Premium Electricity generation Karachi
Summary: Champion Road Machinery Limited‚ the worlds second largest manufacturer of graders and other large machinery has been performing well above expectations and cash properly managed. A financial analysis of the Champion Road Machinery Company was performed in order to provide recommendations on the dividends distribution policy. Decision on the Company’s dividends policy will depend on three main factors: * Current financial situation (Cash flow‚ Required Retained Earnings‚ Projected
Premium Management Marketing Strategic management
CASE STUDY December 2002 Procter & Gamble: Building A Smarter Supply Chain Issue/Solution To remain profitable‚ consumer products manufacturers must find ways to optimize the performance of their supply chains. They need to support marketing promotions better and avoid frustrating consumers with out-of-stock situations in the store. Situation • Procter & Gamble realized it needed a “consumer-driven supply network” to stay ahead in the consumer packaged goods industry. Retailing’s “first
Premium Supply chain management Supply chain
Property‚ Plant and Equipment Property‚ Plant and Equipment I- Nature of Accounting Issues Businesses purchase and use a variety of fixed assets‚ such as equipment‚ furniture‚ tools‚ machinery‚ buildings‚ and land. These fixed assets are long-term or relatively permanent assets. Also‚ they are tangible assets because they exist physically. They are owned and used by the business and are not offered for sale as part of normal operations. Perhaps the most descriptive titles these assets are
Premium Depreciation Generally Accepted Accounting Principles International Financial Reporting Standards
Supply Chain Management of Ford Motor Company As the second-largest automobile company in the world‚ Ford Motor Company represents a $164 billion multinational business empire. Known primarily as a manufacturer of automobiles‚ Ford also operates Ford Credit‚ which generates more than $3 billion in income‚ and owns The Hertz Corporation‚ the largest automobile rental company in the world. The company manufactures vehicles under the names Ford‚ Lincoln‚ Mercury‚ Jaguar‚ Volvo‚ Land Rover‚ and Aston
Premium Ford Motor Company
denial of choices and opportunities‚ a violation of human dignity. It means lack of basic capacity to participate effectively in society. It means not having enough to food and clothing a family‚ not having a school or clinic to go to‚ not having the land on which to grow one’s food or a job to earn one’s living‚ not having access to credit. It means insecurity‚ powerlessness and exclusion of individuals‚ households and communities. It means susceptibility to violence‚ and it often implies living in
Premium Poverty
Income and Expenditure Approach Ways of Measuring GNP Gross National Product (GNP) is the sum of all the final market values of goods and servicesin a given economy at a given period of time. This is the quantitative summary of all transactions of goods and services transacted within the economy in a year. It measures only legal and registered transaction. Non produced transactions are not included such as second hand sale‚ transfer of payments and buy and sell. Gross domestic product (GDP) is
Premium Gross domestic product Economics Tax
13/08/2012 Topic 3 Property‚ Plant & Equipment The nature of PP&E • AASB 116 defines property‚ plant & equipment (PP&E) as: • tangible items • with a specific use within the entity • that are expected to be used during more than one period AASB 116 specifically excludes assets held for re-sale PP&E is normally divided into classes. Common classes include land‚ buildings‚ machinery‚ motor vehicles. • • 1 13/08/2012 Initial recognition of PP&E • Cost of an item is recognised as
Premium Depreciation Generally Accepted Accounting Principles
different instruments. Public expenditure has traditionally been a component of fiscal policy which is an instrument of the State to influence economic growth. Several models of government investment and growth have been designed to investigate the relation between government expenditure and economic growth. However‚ some debate prevails. To illustrate‚ studies done by Landau (1986)‚ Barro (1990)‚ Grier and Tullock (1989) reveal a negative relationship between government expenditure and economic growth‚ while
Premium Economic growth Endogenous growth theory