productivity ratio for each week b. Explain the labor productivity pattern exhibited by the data. Answer: Productivity is a basic measure of performance for economics‚ industries‚ firms and processes. Improving productivity is a major trend in operations management because all firms face pressures to improve their processes and supply chains so as to compete with their competitors. Productivity is the value of outputs (services and products) produced divided by the value of input resources (wages
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Jones Distribution Case Finance Team -13 Executive Summary: The Company Jones Electrical Distribution was founded in 1997. The company distributes and wholesales electrical components. It is a sole proprietorship owned by Nelson Jones who is looking for a new banking relationship that will allow him to receive a larger loan to sustain his business. Even though the company has been turning in profits‚ the ineffective collection practice‚ not availing trade discounts on time and ineffective
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AN ANALYSIS ON INVENTORY MANAGEMENT AT WHIRLPOOL OF INDIA LIMITED‚ PUDUCHERRY ABSTRACT Every organization needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets/working capital in most of the undertakings. Thus‚ it is very essential to have proper control and management of inventories. The purpose of inventory management is
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Esther wants to obtain a snapshot of how customers react to their experience with the complaints centre as well as the efficiency of the consultants in dealing with complaints. Problem Background The complaints section of the call centre has been operation since late 2006. Prior to that date‚ this function was outsourced and the call centre only handled sales. Customers are often confused about the details of their M-Tel bills‚ especially during the first few months of their contracts. The level of
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Reporting Income for Dot-Coms Priceline.com 1. Under the current system of accounting‚ the company would record revenues of $250 as they are the merchants to the transaction and $200 (80% of transaction value) as their cost of goods sold. 2. Alternatively‚ the company can net off the effect and show $50 (20% of transaction value) as their commission revenue. 3. If I were the CFO‚ I would recommend to opt for the first method of revenue recognition because it would show better
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inventory holding costs. Therefore‚ quantitative and qualitative analysis needs to be done to check the feasibility of having a common National Distribution Centre (NDC) or combining the demand of certain regions or products to have an optimized solution to minimize the total cost by trading off the increased distribution cost and warehouse cost with reduced inventory holding cost Calculating the annual inventory and distribution cost of the current distribution system: In the current system
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CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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In this fast paced growing of technology and the intense level of people around the globe are using the internet‚ the social network has become an important part of everyone’s life. Since then‚ the movement of social network such as: Facebook‚ Twitter‚ Youtube etc. are fascinating and the entire modern business world seems in its rush. For that reason‚ I strongly encourage to take our business to the social network is necessary. According to CNN .com‚ the Facebook exceeded one billion active users
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Assessment 1 galanz paper: Operations management September 19‚ 2011 TABLE OF CONTENT ORDER QUALIFYING FACTORS 4 ORDER WINNING FACTORS 4 PRIORITISED VOB & VOC OF GALANZ: 5 THE ROLE OF TECHNOLOGY 6 COMPETITIVE AND OPERATION STRATEGIES 6 DIFFERENCES BETWEEN OEM/ODM AND OBM 7 GALANZ’S STRATEGY OF INTRODUCING OBM IN INTERNATIONAL MARKET 8 SUGGESTIONS FOR MR. LIANG TO LEAD THE COMPANY TO GREAT SUCCESS 9
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Role of Internal Audit Function Nano Circuits Inc‚ is a publicly traded company that produces electronic control circuits‚ which are used in many products. In an effort to comply with SOX‚ Nano is in the process of establishing an in-house internal audit function‚ which previously had been outsourced. The company began this process by hiring a Director of Internal Audits. Nano Circuits’ CEO recently called a planning meeting to discuss the roles of key corporate participants regarding the implementation
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