Introduction to Materials Management - 169665 Words

From the Library of Girro From the Library of Girro@qq.com Introduction to Materials Management SIXTH EDITION From the Library of Girro J. R. Tony Arnold, P.E., CFPIM, CIRM Fleming College, Emeritus Stephen N. Chapman, Ph.D., CFPIM North Carolina State University Lloyd M. Clive, P.E., CFPIM Fleming College Upper Saddle River, New Jersey Columbus, Ohio From the Library of Girro@qq.com From the Library of Girro Editor in Chief: Vernon R. Anthony Acquisitions Editor: Eric Krassow Editorial Assistant: Nancy Kesterson Production Editor: Louise N. Sette Production Supervision: GGS Book Services Design Coordinator: Diane Ernsberger Cover Designer: Jeff Vanik Production Manager: Deidra M. Schwartz Director of†¦show more content†¦In this textbook, materials management includes all activities in the flow of materials from the supplier to the consumer. Such activities include physical supply, operations planning and control, and physical distribution. Other terms sometimes used in this area are business logistics and supply chain management. Often, the emphasis in business logistics is on transportation and distribution systems with little concern for what occurs in the factory. Whereas some chapters in this text are devoted to transportation and distribution, emphasis is placed on operations planning and control. Distribution and operations are managed by planning and controlling the flow of materials through them and by using the system’s resources to achieve a desired customer service level. These activities are the responsibility of materials management and affect every department in a manufacturing business. If the materials management system is not well designed and managed, the distribution and manufacturing system will be less effective and more costly. Anyone working in manufacturing or distribution should have a good basic understanding of the factors influencing materials flow. This text aims to provide that understanding. APICS defines the body of knowledge, concepts, and vocabulary usedShow MoreRelatedProcurement: Purchasing Management Association1205 Words   |  5 PagesIntroduction to Procurement Introduction  to  Procurement     Quiz  #  1   True/False  (1  mark  per  question)   1.   Competition  today  is  no  longer  between  firms;  it  is  between  the  supply  chains  of  those  firms.   True  Ã‚   False   2.   There  is  a  definitive  and  prescriptive  set  of  supply  chain  measures  that  applies  to  all  supply  chains.   True   False  Ã‚   3.   The  knowledge  and  skills  demanded  of  today’s  supply  professional  is  the  same  as  before.   True  Ã‚   False   4.   The  key  to  the  success  of  any  company  is  the  quality  of  its  employeesRead MoreThe Role of Materials Management in the Financial Performance of a Manufacturing Organization Case Study: East African Breweries Limited1513 Words   |  7 PagesUGANDA MARTYRS UNIVERSITY The role of materials management in the financial performance of a manufacturing organization Case study: East African Breweries Limited SUBMITTED BY: SAMUEL KISUKI Jr REGISTRATION NUMBER: 2012-M101-10005 A research Proposal submitted to the Faculty of Business Administration and Management April 2013 Supervisor: Mrs. Lillian Walusimbi CHAPTER ONE: INTRODUCTION 1.1 INTRODUCTION In this chapter, the researcher will talk about the background to the study, statementRead MoreLogistics : Logistics And Distribution Of Physical Goods Essay1166 Words   |  5 PagesIntroduction Source: Leeway Logistics, 2015 Logistics is considered as an operational process which includes activities such as storing, transporting and distribution of physical goods. E- Commerce has made a big change in logistics and distribution processes. Due to introduction of online purchases, way of handling materials have also been changed. Online retail industry is being expanded year to year. According to Goldman Sachs, Online Sales will reach $750B mark by 2016 with annual growthRead MoreThe Importance Of Materials Handling Procedures For The Safe Storage And Handling Of Materials1252 Words   |  6 PagesMINE1002 Essay – Materials Handling In layman’s terms, materials handling is the identification, storage, and movement of materials between locations. (Siddhartha 2017) A more complete definition suggests that materials handling is â€Å"a system or combination of methods, facilities, labor, and equipment for moving, packing, and storing of materials to meet specific objectives.†(Kulwiec 1985) Regulatory bodies provide organizations with guidelines for the development of procedures for the safe storageRead MoreIlm M3.18943 Words   |  4 PagesLEADERSHIP AND MANAGEMENT ILM/L3DipLM/0308 Introducing the qualification The ILM Level 3 Diploma in Leadership and Management has been specially designed for first line managers looking to develop a wide range of management and leadership skills suitable for their role. The qualification also develops both understanding and application of leadership skills through the use of action learning. The Diploma consists of six mandatory units ‘Understanding change’, ‘Planning change’, ‘Time management’, ‘An introductionRead MoreCase Study : High Tech And Global Engineering Group901 Words   |  4 PagesIntroduction Sandvik is a high-tech and global engineering Group with about 46,000 employees with a strong commitment to enhancing customer productivity, profitability and safety. Our operations are based on unique expertise in materials technology, extensive knowledge about industrial processes and close customer cooperation. This combination, coupled with continuous investments in research and development (RD), has enabled us achieve world-leading positions in the following areas: †¢ Tools andRead MoreSamsung Group, An Electronics Company1625 Words   |  7 PagesNgampak and Phruksaphanrat state â€Å"design and the flow of materials have a significant impact on performance of manufacturing system [1]. Wearable technology requires integration of computer and wireless technology in a form of a watch or some other wearable item, there is a lot of manufacturing required. Estimated process cycle time for the new product introduction The technology will consist primarily of electronic parts and materials and the process time should not exceed 3.5 days per unit.Read MoreBus/210 Week 7 Checkpoint -the Impact of Hrm Essay659 Words   |  3 PagesThe Impact of HRM After reviewing chapter 13 of Human Resource Management: Acquiring and Building Employees’ Skills and Capabilities; I have reached the conclusion that the best way to improve the management of human resource is to: †¢ First place to start improvement would be to improve employee’s skills. Improving employee skills would be very beneficial to any company. Training is important as an employer I want to boost character, commitment, competence, Read MoreIntroduction Of A Supply Chain Management1564 Words   |  7 PagesIntroduction Introduction A supply chain (SC) consists of a set of organizations that work together to take in raw materials, convert the raw materials into higher value products, and sell the products to the end customer (Kelly 2005). The management of these flows to generate profit is known as supply chain management (Sodhi and Tang 2012). Supply chain risk management (SCRM) is defined, very broadly, as the identification, analysis and evaluation of events that can have a negative effect onRead MoreLogistics : Logistics And Distribution Of Physical Goods1165 Words   |  5 PagesIntroduction Source: Leeway Logistics, 2015 Logistics is considered as an operational process which includes activities such as storing, transporting and distribution of physical goods. E- Commerce has made a big change in logistics and distribution processes. Due to introduction of online purchases, way of handling materials have also been changed. Online retail industry is being expanded year to year. According to Goldman Sachs, Online Sales will reach $750B mark by 2016 with annual growth

The Rock And A Hard Place - 1596 Words

Between a Rock and a Hard Place seems to be quite an appropriate title for this HBO documentary whose executive producer and star is Dwayne â€Å"The Rock† Johnson. Young men with serious criminal charges and significant prison sentences are provided a second chance by participating in the Miami-Dade Corrections and Rehabilitation Department’s Boot Camp Program in place of serving their entire prison sentence. Dwayne Johnson greets 38 cadets starting the program, lectures them on their opportunity and asserts that he wants the world to see the importance of the program. Lastly, he tells them bluntly, not to â€Å"†¦f**k this up.† (Rock and a Hard Place). For most people it would appear that participating in this 16 week program would be easier†¦show more content†¦With this insight, I found that every participant to be likable on some level and was able to see that the program increased the cadets strength of their character and their resolve. The documentary covers the support the program supplies for its participants through the various exercises, counseling sessions, classes and work opportunities. The program offers each of these benefits at different phases. The documentary presents each participant in a way that it is difficult not to find some way to relate to each of them and to even care for them or their sense of purpose. Notably, the program appears thorough with its design to offer support systems and provides various means of addressing potential obstacles of a cadets’ success, such as lack of education, lack of support from family, anger management and substance abuse. Even so, a viewer cannot help but question some of the harsh treatment. For example, in the beginning you are introduced to two young men who struggle with understanding the English commands that a drill instructor is barking at them. Later within the documentary, these same cadets are taken aside and told they are expected to work harder to overcome the challenge of not understanding English. Towards the end one cadet ends up breaking down sobbing because he fails one of his critical tests towards graduation, due to the language barrier. Though there are classes to help the participants learn to prepare for a GED, there are no tools to helpShow MoreRelatedThe Rock And A Hard Place1482 Words   |  6 Pages Between a Rock and a Hard Place seems quite an appropriate title for this HBO documentary whose executive producer and star is Dwayne â€Å"The Rock† Johnson. Young men with serious criminal charges and significant prison sentences are provided a second chance by participating in the Miami-Dade Corrections and Rehabilitation Department’s Boot Camp Program in place of serving their entire prison sentence. Dwayne Johnson greets 38 cadets starting the program, lectures them on their opportunity and assertsRead MoreBetween A Rock And A Hard Place: Is It Really Hard In These1776 Words   |  8 PagesBetween a Rock and a Hard Place: Is it REALLY hard in these Streets? A large portion of the homeless population is living on the sidewalks and streets of America. However, for some of them, that is by choice. Various places offer housing for the homeless, but the most exclusive choice is the homeless shelter. Homeless shelters are a type of homeless service that provide temporary residence for homeless individuals and families. Through the utilization of these shelters, homeless people are assumedRead MoreBetween A Rock And A Hard Place Seems To Be A Very Appropriate1474 Words   |  6 Pages Between a Rock and a Hard Place seems to be a very appropriate title for this HBO documentary whose executive producer and star is Dwayne â€Å"The Rock† Johnson. Young men with serious criminal charges and significant prison sentences are provided a second chance by participating in the Miami-Dade Corrections and Rehabilitation Department’s Boot Camp Program in place of serving their entire prison sentence. Dwayne Johnson greets 38 cadets starting the program, lectures them on their opportunity andRead MoreThe Marketing Mix Hard Rock Cafe1259 Words   |  6 PagesThe Marketing Mix Place The marketing mix consists in total of 4 elements (Product,Price, Place, Promotion) which are often referred to as ‘the four Ps’. One of those four Ps is â€Å"Place†: Place represents the location where a product can be purchased. It is often referred to as the distribution channel through which goods and/or services are moved from the manufacturer/service provider to the user or consumer. It can include any physical store as well as virtual stores on the Internet. In ourRead MoreHard Rock International - Crm1613 Words   |  7 PagesHard Rock International Executive Summary Hard Rock International is chain of cafà ©s, hotels, casinos, and theme parks spread across 53 countries. It has the world’s largest collection of rock ‘n’ roll memorabilia that the customers can see when they visit any of Hard Rock’s locations. Hard Rock’s main business model was built around a customer-centric approach. As the business was growing, the customer queries were hitting the numbers close to 56000 inquiries annually; a number that was gettingRead MoreHow to Hard Rock Cafe Success1396 Words   |  6 PagesHard Rock Cafà © is a success story in operation management. From its very first London pub in 1971, after 39 years of existence Hard Rock cafà © continued expanding and succeeding in many different countries. This paper will discuss how the 10 decisions of the Operation management were made on Hard Rock Cafà © as well as operation management challenges and opportunities confronting Hard Rock Cafà © when considering an expansion of its business in Hanoi. 1. Critically evaluate the operations managementRead MoreMusic Is Always Changing With The Times1749 Words   |  7 Pagesthere are many key attributes that help place this music around songs with similar sounds and musical ideas. The first I notice right at the beginning (during the intro up to the 0:07 mark) that hypnotic orchestral string sound. Then right after the screaming and growling sounds, the lyrics begin. Instrumentation that can be heard seems to follow the modern rock setup. You can hear hard pounding drums, heavily distorted guitar, not sure if a bass is in it hard to tell, and screaming vocals. The songRead MoreHard Rock Cafe Case Essay789 Words   |  4 PagesGroup find with the Hard Rock’s three main internal information systems (restaurant operations, merchandising, and financial)? Why was this a problem? [table – indented white bullets answer why] Restaurant Operations | Merchandising | Financial | * Different owners/franchisers implemented own restaurant management systems * No standards = hard for corporate to analyze sales * Processes broken communication worse * Different experiences at different Hard Rock Cafà ©s, any bad experienceRead MoreEssay on Media Effects975 Words   |  4 Pagesbonfires were reported. The firefighters, feeling they were under control, let these bonfires burn. Then Limp Bizkit came on, another hard-core band. In their song Breakstuff, the audience climbed a television camera tower and began ripping equipment and other electrical devices off of them. After Limp Bizkit, Rage Against the Machine, another hard-core band, played hard-core music that could have easily incited violence. When the smoke cleared away Monday afternoon, not only were thirty-seven peopleRead MoreSample Writing : You Are A Tour Operator1400 Words   |  6 PagesContent Writing Test 1. You are a tour operator offering tours and experiences and a tourist group approaches you for a tour around your city. Write an itinerary stating all the important information like the sequence of the itinerary, the places that they will visit and how the tour will be conducted (guide, mode of transport etc). Oueen of the Hills! With its crisp Mountain air, lush green hills and beautiful period architectural buildings Shimla can indeed lay claim to being the most popular

Report On Apn Outdoor’s Capital Structure †MyAssignmenthelp.com

Question: Discuss about the Report On Apn Outdoors Capital Structure. Answer: Introduction The purpose of this report is to provide information on the capital structure of APN Outdoor Group (APO) which is listed in the ASX and advice whether the firm has been successful in maximizing wealth generation for its shareholders. The report is divided four chapters as follows. In chapter one, which is the introduction, I discuss the layout of the report. In chapter two, I discuss the approach used to analyze the capital structure of APN Outdoor Group. In chapter three, we analyze other financial ratios in respect to the company. In chapter four, I conclude my analysis by providing information on whether APNs has been successful in maximizing wealth generation for its shareholders. Analysis Of Capital Structure In order to determine the capital structure of APN, we need to analyze the following information based on the companys financial reports (Lee, Liang, Miglo, 2014). Determine APN Outdoors debt to equity ratio. Perform comparison of debt/equity ratio with other similar companies in the advertising industry. Determine APNs optimal capital structure Determine APNs Weighted Average Cost of Capital. Compare APN Outdoors capital structure over past three years. Total Debt to Equity Ratio The total debt to equity ratio measures the relationship between equity capital and debt. A high ratio suggests that a company has taken more debt and consequently, is more aggressive with a higher risk (Investopedia, 2017). In 2016, APN outdoors debt to equity was 0.67. Thus its total debt was 0.67 times its equity (Yahoo Finance, 2017). Comparison of Debt to Equity Ratio to oOH! Media Ltd A similar company is oOH! Media Ltd (OML). oOH! Media is also an advertising company that specializes in billboards (oOH! Media Ltd , 2017). The 2016 debt/equity ratio for oOH! Media was 0.65 which was slightly below APN Outdoors. Weighted Average Cost of Capital Also written as WACC, the Weighted Average Cost of Capital is the expected return on the securities for a company. WACC = Weight Debt * cost of debt *(1 corporate tax) + Weight equity *cost of equity Optimal Capital Structure Lets assume that APNs corporate tax, T is 36%. Furthermore, lets assume the pre-tax interest rates for each level of debt is given as below. % financed with debt Pre tax cost of Debt 0% 0% 10% 0% 20% 5% 30% 5% 40% 7% 50% 7% 60% 9% 70% 9% 80% 12% 90% 12% Table 1: Pre Tax Interest Rates The cost of equity can be determined from CAPM. To determine the optimal capital structure of APN Outdoor Ltd, we need to find the level of debt and equity that will result in lowest WACC. To do this we can use Hamada equation (Lee, Liang, Miglo, 2014). I.e. L= u*[ 1 + (1-T)(D/E)] Where L - beta of firm that uses debt u- beta of firm without debt T- Corporate tax D/E- debt/ equity We determine that APN Outdoors unlevered u is 0.8822. We then calculate the WACC for each level of debt (see Table 2) % financed with debt Debt/Equity Ratio Beta Cost of Equity Cost of Debt-After Tax WACC 0% - 0.88219 6.46% 0.00% 6.458% 10% 0.1111 0.94492 6.75% 0.00% 6.072% 20% 0.2500 1.02334 7.11% 3.20% 6.326% 30% 0.4286 1.12416 7.57% 3.20% 6.260% 40% 0.6667 1.25859 8.19% 4.48% 6.706% 50% 1.0000 1.44679 9.06% 4.48% 6.768% 60% 1.5000 1.72909 10.35% 5.76% 7.598% 70% 2.3333 2.19959 12.52% 5.76% 7.787% 80% 4.0000 3.14060 16.85% 7.68% 9.513% 90% 9.0000 5.96360 29.83% 7.68% 9.895% Table 2: WACC We determine the lowest WACC is 6.072%. Therefore the optimal mix that will maximize the value of APN Outdoor is 10% debt and 90% equity. Comparison APN Outdoors Capital Structure over Past Three Years From the financial reports in Yahoo Finance, we note for year 2015 and 2014, the debt/equity ratios were 0.57 and 0.68 respectively. This suggests the company had taken little debt in 2015 in comparison to 2016 and 2014. Otherwise the company was still not at its optimum capital structure. Other Key Financial Ratios Liquidity ratio These ratios determine the liquidity risk for the company. They include current ratio, quick ratio and cash ratio. In 2016, APN Outdoors had a current ratio of 1.9 and a quick ratio of 1.89 (The Wall Street Journal, 2017). A high current ratio suggests greater assurance that APNs current liabilities can be paid using its current assets, thus the company does not have a liquidity risk problem (Subramanya Wild, 2009, p. 530) Profitability Ratios These ratios measure the profitability for the company. They include return on asset and return on equity. In 2016, APN Outdoors had a return on asset of 10.63 and return on equity of 17.27. Since the ratio is high, APN is doing well (Subramanya Wild, 2009). Efficiency Ratios Efficiency Ratios measure how the company is using its assets. They include inventory turnover. In 2016, APN Outdoors had inventory turnover of 10.38. A high ratio suggests strong sales (Subramanya Wild, 2009). Conclusion- Shareholder Value Shareholder wealth maximization involves increasing the share price. One of the ways to create value in a firm is by utilizing an optimal capital structure. In the case for APN Outdoors, we can see that indeed the company is not at its optimum capital structure of 10% debt and 90% equity. However, their key ratios indicate that it is making profits and dont seem to have any liquidity risk. In conclusion, APN Outdoor Group does not appear to create maximum value for its shareholders. It should aim to minimize its cost of capital so that the firms value is maximized in the long run. Some of the ways APN can minimize its WACC include lowering its interest rates and managing its operational risks. References Investopedia. (2017). Debt/Equity Ratio. Retrieved from Investopedia: https://www.investopedia.com Lee, Z., Liang, S., Miglo, A. (2014). Capital Structure of Internet Companies: Case Study. Retrieved from https://faculty.nipissingu.ca/antonm/files/2014/06 oOH! Media Ltd . (2017). About Us. Retrieved from oOH! Media Ltd : https://www.oohmedia.com.au Subramanya, K., Wild, J. (2009). Financial Statement Analysis. New York: McGraw-Hill Irwin. The Wall Street Journal. (2017). APN Outdoor Group Ltd. Retrieved from The Wall Street Journal: https://quotes.wsj.com/AU/XASX/APO/financials/annual/balance-sheet Yahoo Finance. (2017). APN OUTDOORS LTD. Retrieved from Yahoo Finance: https://au.finance.yahoo.com

Violence On Children Essays - Dispute Resolution,

Violence On Children Many children`s television programs involve a substantial amount of violence in one form or another. What impact if any, might these programs what impact, if any might these programs have on the development of aggression? Since the advent of television there has been growing concern about the apparent effects of violence on the attitudes, values and behaviours of children. Much of the research has focused on the effects of violence on television and aggression expressed by children. Some researchers and theorists believe that violence on television is inextricably linked to human aggression while do not believe a conclusive body of evidence exists to justify this view. The debate surrounding whether violence on television influences children`s aggressive behaviour has typically occurred within a social learning framework. There have been two major criticisms of the current debate. The first of these attacks questions the validity of applying effects found in laboratory studies to the real-world. More specifically, these criticisms address the artificial and unrealistic nature of the laboratory evidence used to illustrate an effect between viewing violence on television and expressed aggression in children. The second argument attacks the use of the social learning framework as it ignores any evidence which might suggest a biological or genetic component to human aggression. (eg Miles & Carrey, 1997). Social learning theory however manages to successfully address these criticisms thus maintaining its status as the major single theory used to explain the influence of viewing violent programs on children`s levels of aggression. (Neapolitan, 1981; Walter Bandura, 1965 ;Berkowitz & Alioto, 1973) Social learning theory explains human behaviour in terms of continuous reciprocal interaction between cognitive, behavioural and environmental influences of the individual. A prominent proponent of social learning theory is Albert Bandura, The social learning theory of Bandura emphasises the importance of observing and modelling the behaviours, attitudes, and emotional reactions of others. Two basic principles are involved in observational learning: acquisition and performance. Acquisition describes the response by which the behaviour is learned through observation. Performance is the process by which the observer acts out the newly learned response. Acquisition of a behaviour however, does not automatically lead to its performance. Whether or not aggressive behaviour acquired will be acted out depends on the perceived consequences of the actors behaviour for the actor and the consequences of aggressing for the observer. Furthermore, whether a learned aggressive response is performed depends, to some extent, to whether the observer and/or actor is rewarded for doing so. The effect of reinforcement on aggressive behaviour has been illustrated by numerous researchers, (Singer, Singer, Desmond, Hirsch Sanson Neapolitan, 1981). One of the most noted being a series of bobo doll studies conducted by Bandura. In a 1965 Bandura study, children saw aggressive behaviour of a model being either rewarded, punished or suffering no consequences. Children who observed a model being punished subsequently had fewer imitative aggressive responses than did those who saw the model rewarded or treated indifferently. Later, however, each child was offered a reward for performing the response carried out earlier by the model. The addition of this incentive cancelled out the effects on imitative aggression of reward and punishment of the original model. Children in all three treatment conditions had apparently learned the model`s behaviour equally well with reward acting as a facilitation for performance of these learned responses. Other studies also illustrated that children are more likely to model behaviour if they identified with the model and if the model had an admired status and the behaviour expressed had a functional value. (Bandura, 1969) These findings have direct bearing on the implications for the effect of violence shown on television. In a recent study in the Journal of Broadcasting and Electronic Media (1995), it was found that good characters, or heroes, commit 40% of violent acts; More than one third of programs feature bad characters who aren`t punished and physical aggression that is condoned; and that more than 70% of aggressors show no remorse for their violence and experience no criticisms or penalty when violence occurs. This suggests, working within a social learning framework, that violence viewed on television by children will result in increased levels of expressed aggression in children. Since according to this theory it is under these conditions, where violence is seen as desirable and unpunished, that modelling is most likely to occur. Bandura`s studies, amongst others, imply that environmental influences moderate and control the expression of aggression. One of the most influential environmental influences on a child`s life is parental. A number of researchers are of the