Leagility Defined for the Supply Chain Two words‚ lean and agile‚ combine to make the word leagility. Supply chain managers need lean supply lines to eliminate waste and keep costs low. They also require agile supply chains to get the right amount of the product to the right place in order to satisfy the ever-changing nature of the marketplace. Traditional management recommended a lean supply chain for products with a stable demand‚ yet low profit margin. Conversely‚ products with a high profit
Premium Supply chain management
We already know that following are the important cost concepts related to the production process of a firm: • Fixed Cost • Varibale Cost • Average Cost • Marginal Cost please refer to following page Introduction to Cost Concepts to understand various cost concepts in detail. Here we will briefly state again the meaning of above stated cost concepts for better understanding of the module on short run cost analysis. Fixed Cost is that cost which does not change (that is either goes up or
Premium Marginal cost Costs Economics
Cost/Benefit Analysis Evaluating Quantitatively Whether to Follow a Course of Action You may have been intensely creative in generating solutions to a problem‚ and rigorous in your selection of the best one available. However‚ this solution may still not be worth implementing‚ as you may invest a lot of time and money in solving a problem that is not worthy of this effort. Cost Benefit Analysis or CBA is a relatively* simple and widely used technique for deciding whether to make a change. As its
Premium Cost-benefit analysis Net present value Costs
Which Flour Has The Greatest Amount of Gluten Eliza Kate Introduction My problem is to find which flour has the most gluten. My problem is important to me because I like to bake. The problem is important to the world because some bakers may need to use a certain type of flour for the foods they make and I would like to help them out as if I were a professional. My independent variable is the type of flour and my dependent variable is the amount of gluten. Research Flour‚ Wheat‚ Cereal
Premium Wheat Flour Bread
Deegan & Unerman – Financial Accounting Theory 2e Chapter 4 Answer 4.1: Chapter 4 has provided a number of factors which have been suggested to explain why different countries use different systems of accounting. These include: o The extent of economic development within a country. It is argued that as countries become more ‘wealthy’ they tend to develop their own accounting standards (which can be costly). Less developed countries often adopt accounting standards issued by the IASC (which
Premium Culture
Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
Premium Costs Variable cost Depreciation
Jordan Dorelus The Great Gatsby 11-13-12 “Then suddenly she threw down her napkin on the table and excused herself and went into the house.” “Tom! Tom! Where are you Tom! We’ve got Company on the table and you just get up from the discussion‚ for what‚ to answer a stupid phone call‚ and who might that be at the other end of the line.” “Honey‚ it’s an important call…‚” Tom began. Who could be so important that they call during Dinner time while we have a guest over and you
Premium Woman The Great Gatsby Girl
1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
Premium Costs Variable cost Total cost
Cost of Capital Definition: cost of capital is the rate of return that a company must earn on its project investments to maintain its market value and attract funds. The cost of capital to a company is the minimum rate of return that is must earn on its investments in order to satisfy the various categories of investors‚ who have made investments in the form of shares ‚ debentures and loans. The cost of capital in operational terms refers to the discount rate that would be used in determining the
Premium Finance Net present value Weighted average cost of capital
Additional Funds Needed Method: Most companies expect growth in sales‚ which means its assets also must grow. Asset growth requires additional funds‚ so the firm may have to raise additional external capital if it has insufficient internal funds. If we assume that none of the firm’s ratios will change‚ we can use a simple approach‚ the Additional Funds Needed (AFN) method‚ to forecast financial requirements. • Required Increase in Assets In a steady-state situation in which no excess capacity
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable