MEMORANDUM TO: Board of Directors Stryker Corporation DATE: July 15th‚ 2011 SUBJECT: In-sourcing PCBs Project Recommendation The purpose of this memo is to disclose the business evaluation for the three proposed options regarding PCBs sourcing strategy. The analyzed options are: 1. To maintain the current basic sourcing policy but with improvements in the acquiring methodology of key materials. 2. To establish of a partnership with a single supplier to improve quality. 3
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Stryker Corporation: In-sourcing PCBs Table of contents: Executive summary 1. Introduction 2. Analysis of current position 3. Analysis of new project 3.1 Methodologies and processes of Valuation 3.2 processes of Valuation 4. Conclusion References Appendices A & B Executive summary: The executive for Stryker Corporation recently considered setting up own factory to produce Printed circuit boards (PCBs) – a key electronic component of many of Stryker instrument’s medical products
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Stryker Corporation Case Study Justin Noakes Executive Summary In 2003‚ the Stryker Corporation is contemplating a change in their sourcing strategy for printed circuit boards (PCBs)‚ which are used in many of their instruments. Recently‚ Stryker’s suppliers of PCBs have become less reliable. They want to eliminate this problem by building a PCB production facility and produce the boards in house. In other words‚ they want to in-source the production of PCBs. This would give the company
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What are the primary strengths and weakness of the current system? How should the performance of such a system be evaluated? The capital budgeting system at Stryker Corporation made use of formalized CER forms by which individual divisions within Stryker documented the goals for revenue‚ operating profit and cash flow across in a way that were deliverable and consistent with global corporate targets. The CER system is a rigorous one requiring thorough documentation before the divisions obtain
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COMPUTING NPV and IRR PCP Pj vs STATUS QUO STRYKER Case decrease in purchases from contract manufacturers less incremental Stryker manufacturing costs Operating income from project less architect and engineering fees pre-tax income less taxes at 36% After-tax income add back Building depreciation add back Equipment depreciation add back It & other equipment depreciation Subtotal plus NCW Savings Subtotal Cash Flow Terminal Value‚ at book value Hurdle rate Discount factor at 15% PV of Cash Flows Sum
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1. What are the missions of CERs and the capital budgeting process at Stryker? Mission: Standardize and formalize the capital budgeting process. The CERs and capital budgeting process were implemented so that a more formal process of requesting capital expenditure and approving them would be applied. All this was put in place to support cash flow targets and maintain Stryker’s 20% growth benchmark. To what extent have they been shaped by elements of corporate finance theory? They are heavily
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Stryker Corporation | In-sourcing PCBs analysis | 42506514 Ara Koh | TABLE OF CONTENTS EXECUTIVE SUMMARY The purpose of this report is to assess the performance of Stryker Corporation and recommend which company would be the better project valuation and capital expenditure proposal which is Option #3 over the coming period. The report calculates the ~~~~~~~~~~~ for in-sourcing Printed circuit boards (PCBs). INTRODUCTION When business operating‚ to maximize profit is most
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Critics of Lange often say that her female sensibility is what allows the sentiments and instincts of care to shine through. Most of her photographs were portraits‚ interested with internal emotion and disposition. Lange was referred to by her boss‚ Stryker‚ as “not only as a mother but as a matriarch”. In 1941 Lange received the Guggenheim fellowship award‚ one of the first given to a photographer‚ to document “the American social scene.” While most of the negatives produced from this period on have
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In her article “A Hundred Years of Transgender History” Stryker describes a story of transgender history. Most of her article based on a nineteenth century or the beginning of twentieth century‚ the time when cross-dressing policies existed‚ making it illegal to be transgender. Stryker provides reader with many historical evidences such as a life story of transgender woman‚ known as Johanna‚ Jenny or John‚ or such as the description of African-American drag ball. These example make Stryker’s point
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picture. During the Great Depression‚ many photographers captured the scenes of poverty and grief. However‚ there was only one photographer that truly captured the souls of Americans. According to Roy Stryker‚ Dorothea Lange "had the most sensitivity and the most rapport with people" (Stryker and Wood 41). Dorothea Lange was a phenomenal photographer that seized the hearts of people during the 1930s and beyond‚ and greatly affected the times of the Great Depression. Dorothea Lange was born
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