Rock Solid Industrial Parts is planning to grow from 50 employees to 100 employees in the next 3 years covering the west coast and mountain states. With this goal in mind the CEO and the director of the IT department will need to adjust to the growth of the company by making sure that as the number of employees grow managers will fill the available positions. Staff is the factor that will support the growth of the business. In order for the company to sustain a competitive position in the market it will need to fill the management
Introduction: This memo presents information regarding essential manufacturing indicators for the four countries in which we are considering locating a new plant. Those four countries, Brazil, the Czech Republic, Thailand, and South Africa, are all being measured for their literacy rate, level of government corruption, wage rates, and quality of infrastructure, in that order. I will display data on each category, explain where it is coming from, and what it means. I will also provide my own opinion on how each indicator should be weighted. We will also be having meetings later in October to discuss these options, so the memo will end by briefly providing information on those meetings.
Genie Wiley is a child who spent the first 13 years of her life in nealy total isolation suffering severe abuse and neglect. She was never allowed to leave her bedroom; locked in bed at night and strapped to a potty chair during the day. When Genie was discovered by investigators and social workers, she was severely underdeveloped; those who first saw her said she appeared to be six year old. In addition to this, Genie was immobilized,still in diapers, and unable to communicate. Genie Wiley’s birth had no complications; however, she was later diagnosed as having a hip dislocation at eleven months, forcing her to use a frejka splint and delaying her being able to walk.
The author of this book explained the remarkable breakthrough that came from the case study of Genie. She was a 13 year old girl who was rescued after being emotionally and physically abused. She was held hostage in one room for her whole life and was strapped to an infant potty chair. As seen, overtime she must have grown and gotten too big for the chair making her bone structure grow inaccurately and messing up her critical period. The main breakthrough from this study is that Genie barely could speak.
Direct labor which is a human resource will be recalculated on the basis of sales of 3 million bikes. It may happen to produce 1 million products, they require 50000 employees but to produce 3 million products they require 200000 employees and to be on safer size, 10% extra labor will be recruited which will give a total of 220000 employees. Therefore it is clearly understood that the company can prepare their Labor Requirement budget directly from the sales budget. The same concept will apply to overhead and capital expenditures because overheads are directly proportional to the production and if the sales are high, product will automatically are high. Similarly quantity requirement will lead to the requirement of machines.
1. What factors in the WorldCom case support the conclusion that CEO Bernie Ebbers Knew about the financial statement fraud? What factors support his defense that he did not know about the fraud? Bernie Ebbers Knew about the financial statement fraud because he was the one who encourage others to go into financial fraud because of the stock prices were going down, which was affecting his marginal loan. For that reason, he was trying to sell his stock, but the board of Directors lent him $341 million, along with 2% interest rate.
In "From Barave New World" by Aldous Huxley. The author does not describe the characters so that we can imagine how they look. The purpose of the author is that we know all the facts in the story so that we can decide and support with side of the story we think is the correct one. The conflict started when The Savage wanted to be happy but his idea of happiness is unhappiness for the new civilisation. The happiness for The Savage is to have God, poetry, real danger, and other things but for the new civilisation happiness is to do things comfortably.
Current businesses have the cost advantage of having local manufacturing
A Case Study: Polaris Industries Inc. In 2010, Suresh Krishna, vice president of operations at Polaris’ Industries had to decide if the company should continue manufacturing their side-by-side all-terrain vehicles in their Roseau, MN plant or move the operations to either Monterrey, Mexico or the eastern region of China (Schroeder & Goldstein, 2017). The case study outlines several qualitative and quantitative factors that needed to be considered. Factors that management should take into consideration when relocating a manufacturing company is they need to make sure it would be profitable, this includes the initial costs connected to relocating which include, shipping costs, future growth, and start-up costs. They also must consider how moving the facility will affect the customers and employees displeased, and the quality of the product may drop below what the customers are used to (Schroeder & Goldstein, 2017).
Highly qualified employees + + + + Sustainable competitive
Employees with current skills and expertise are generally more potential for the growth of business. To satisfy the actual demands of diverse customers within a freshly opened up store on completely new area demands apparent perception of the consumer user profile for the reason that spot to pick the actual share. The training practice facilitates staff to use their occupations efficiently according to correct information, skill, comprehending and sources. Workers distinguish spaces among their information and ability prior to starting training and advancement practice. Q.3
Working across the entire production line in this way gives them a powerful means to analyze financial information. It offers them with daily techniques that are simple to understand and easy to use. Math is very simple with simple formulations. Just simple equations that can be easily adjusted to analyze a variety of situations. Cost is defined as product cost, labor, overhead, consisting of materials, etc.
Based on our calculations in Appendix 1. at the first stage support costs were allocated to two existing departments, i.e. Machining and Assembly, based on direct labor hours. Therefore total amount of costs assigned to Machining department is $472.000,00 and to Assembly department is $248.000,00. At the second stage total costs from both departments were distributed to products (Regular and Deluxe). Referring to our calculations in Appendix 1.
ECONOMIES OF SCALE In microeconomics, economies of scale refers to the cost advantages which an enterprise obtains due to size, output or scale of operations , with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output. Often operational efficiency is also greater with increasing scale, leading to lower variable cost. Economies of scale applies to a wide variety of organizational and business situations and at various levels of an enterprise, such as a business or manufacturing unit, plant or an entire enterprise. For example, a large manufacturing facility is expected to have a lower cost per unit of output than a smaller facility, when all other factors are equal, while
With a piece of the value chain gone a company can respond quicker to a threat or new idea and with better flexibility. Location-specific resourcing advantages are country and human capital related. They include: infrastructure, government policy, labor, knowledge and time (Kedia & Mukherjee, 2009). A country overseas could be better equipped with the infrastructure to complete a piece of the value chain for a company in the US. Government policy may also be in better favor to the business process or service, as well as lower cost labor, more knowledge and time management.
