Personal Philosophy and Model of Supervision Essay

Personal Philosophy and Model of Supervision - Essay Example The supervisor’s role within this is multi-faceted, and includes many important features that are vital within counseling objectives. Often dealing with multiple tasks that require differing methods, the supervisor serves as mentor, teacher, evaluator, and counselor, while also assuring cliental needs. S/he is there to encourage, protect, teach, inform, train, advise, and guarantee the successful training of supervisees, through the implementation of a personally chosen supervisory model that has evolved in the course of professional experience. When facing the challenge of defining a supervision model that serves all of the above criteria, but which is still personal and tailored to any given philosophy on the role of counseling, the situation of the supervisee sitting under the supervisor immediately springs to mind. What are the expectations of the supervisee? What are they hoping to achieve, to obtain, from their mentor? What is their role within the procedure, and how can they help to ensure that effective training occurs? I believe, above all, that supervision is first and foremost client, or supervisee, orientated. The main reason for wanting to enter any caring profession is always to do with helping others, and in this respect, supervision is no different. A caring nature, compassion, concern, availability, and the desire to see changed lives, all form part of my reasons for wanting to enter into this vocation. However, having these much needed elements does not form a good supervisor – it is just the starting point. Supervision aspires to take someone from this starting point and to shape them into a professional supervisor, who is able to perform all of the necessary functions that supervising entails. Teaching professional conduct, ethics and safety, different procedures, techniques, and so forth, it is through good supervision that good supervisors are formed – or, of course, the opposite. And, therefore, the

Meanings of Intelligence and Adaptive Behavior Essay Example for Free

Meanings of Intelligence and Adaptive Behavior Essay Until several years ago, many students who were classified as having ID or assigned into an inclusion classroom were not expected to participate in standardized testing, however as late, everyone in public schools is expected to participate in standardized assessments. Some educators are happy with the change while others are concerned the assessments are not an accurate assessment of what students actually know. For many students with learning disabilities, standardized assessments often don’t accurately indicate what the student truly knows and where they have deficits. One problem with assessing students with ID is the identification and classification of ID is that they differ greatly between states and is often inconsistent. According to Kortez, students with specific learning disabilities are served under the IDEA, however we use the word â€Å"classification† when referring to the category of and indentified student’s specific disability or disabilities (Kortez). The major problem that arises is the fact that identification is being highly inconsistent which is raising the concern students being mislabeled. It seems as though some educators are either over identifying or under indentifying students. However, this is not just a problem on the educator’s level; it is also showing up on the state level. It seems as though when the combined across the nation, identification is inconsistent. More than half of all students being served are doing so under the IDEA part B umbrella, students with specific disabilities, while the number of students recognized as† learning disabled ranges from 3% to 9%† across the United States (Kortez). According to Kortez, not all states implement the same policies, guidelines, or criteria, therefore some states have a significant higher or lower number of students identified based on what they as a state deem legitimate. Because there is such a difference in policies, it is therefore difficult to d etermine an adequate way to assess students with disabilities. Inclusion needs to be implemented in a way that will not only boost the quality of performance generated by the assessment but also the constructive outcome of the education being provided. The difficulty therefore lies in being able to implement a sound assessment because of the significant essential factors. One factor that would have to be determined is how many special education students would qualify as ineligible to partake in the regular education assessments. Another factor that would be solved would be how the regular education assessment could be enhanced to better suit the needs of the special education students. Also, the decision would have to be made to determine the criteria for students who would qualify for accommodations and which accommodations would be appropriate. In order for all these decisions to be made, it is essential for all the characteristics as well as the needs of the indentified students be met, and it is almost impossible if the identification and cl assification of the students continue to be inconsistent. Another problem with assessing indentified students is the fact of accommodations. When a test is given to a student with disabilities, certain changes or â€Å"accommodations† are made. Some of these accommodations are simple as testing the student in a smaller group, allowing the frequent monitored breaks, allowing the student extra time to finish the assessment, or reading the directions or questions to the student. When small changes such as these mentioned are made, they are referred to as accommodations. However if changes such giving the student a different test, illuminating parts of the test, or change the test in any way it is referred to as a â€Å"modification† and the assessment is no longer considered a standard test and is referred to as a non-standard test. When it comes to the element of measuring the assessment, the main goal to implementing accommodations is to better validate the information regarding the students and their disabilities. Testing cons istency is implemented in order to increase the accuracy by getting rid of the immaterial variations for the testing between schools. For instance, if one school allows thirty minutes for a test and another allows an hour and a half, the longer test would be considered the bias between the two. When it comes to students and their disabilities it is only fair that accommodations be made in order to make the test fair for everyone. For example, if a student has a profound vision problem then it would only make sense to change the presentation of the test (larger print, recording), in order to show a more true result of what the student actually knows, instead of not doing well simply because they can’t see the text well enough. If accommodations aren’t standard then results will not be consistent and therefore we won’t have an accurate snapshot of what the students actually know. A third problem that may arise when testing students with disabilities is the design, construction, and evaluations of the test. One circumstance that needs to be considered where testing is concerned is the design of th e test. Some tests can be biased in one area where another assessment may be biased in another area. Some tests are designed to assess a certain group of students with similar backgrounds and therefore are biased against those students who don’t share a similar background. While there are methods for dealing with bias are implemented, not all the methods are not equipped to detect bias toward students with disabilities. Systems used for assessing bias often insist on students being paired on some criterion measure of the structure of relevance. For example, if a reasonable criterion could be settled on for fifth graders in math proficiency, then the students without disabilities and students with disabilities could be matched together and then determine if the two sets of students were similar or different in the same areas. The second area of design that needs to be considered is the difficulty of the assessment itself. Often, most students with disabilities do not perform well on assessments. Furthermore, most assessments are too complex for students with disabilities, therefore often rendering results that are intimidating for students with disabilities and may also cause unfavorable reactions from their teachers. Some students may be nonverbal students and may not be about to write or say their answers, making it impossible for them to par take in standardized tests. Many of the students with ID have a mixture of intelligence deficits and adaptive behavior that initiates their academic deficits. These deficits can’t be the effect of a sensory impairment, a specific learning disability, or a behavior disorder, and would have to start showing systems before the child reaches school age. If a student’s cognitive deficit seems to be mild, then their deficit would resemble a broad disability with no specific area. The students who have been diagnosed with a specific learning disability will have functioning highs and lows. Students with intelligence disabilities have a difficult time across the curriculum as well as adaptive behavior. As time goes on there are more and more students who have to take standardized tests. This can be difficult for teachers, especially when it is almost impossible to accurately assess them and their progress. Some of the problems that occur when assessing students with ID, is the classification and identification of students, deciding what accommodations or modifications should be used for each child, and if the test that is being administered is level appropriate for the students with disabilities. References 1. Kortez, Daniel. Center for the Study of Evaluation. Project 1.1 Comparative Analyses of Current Assessment and Accountability Systems/Strand 3 Daniel Koretz, Project Director, CRESST/Harvard Graduate School of Education http://www.cse.ucla.edu/products/reports/TR587.pdf 2. Centra, J. A., (1986). Handicapped student performance on the Scholastic Aptitude Test. Journal of Learning Disabilities, 19, 324-327. 3. Clarizio, H. F., Phillips, S. E. (1992). A comparison of severe discrepancy formulae: Implications for policy consultation. Journal of Educational and Psychological Consultation, 3, 55-68.

House Voices Essay -- Ghosts Descriptive Essays Personal Narrative

House Voices I will start with my new house. It is down the street from where my grandma and great aunt live. The house has two levels, the main floor and the basement. There are two bedrooms, the office, the bathroom, the living room with a fireplace, dinning room, and the kitchen on the main level. The basement contains the laundry room, the family room, a bathroom, and a large storage area. The house was for sale because the old woman who lived in it before us had died in the summer heat while her air conditioner was broken. Her neighbors found her in her house. It was later discovered that she had been dead for a few days. She was lying on the floor, in the only hallway in the house, just beyond the bathroom door. I have always wanted a bedroom in the basement, but there have been no basement bedrooms in any of the houses we have lived in. So I improvised by cutting the long storage room in half with a big blanket hanging from the central I-beam, making my own basement-bedroom with a pre-existing bathroom just three feet from my bedroom door. The only drawback is that the blanket-wall separates my bedroom from the storage room that is filled with boxes upon boxes of the "stuff" we just don't have enough time or space for. One of my presents for Christmas a few years ago was a brand new Talk Boy Jr. The Talk Boy Jr. is a small, palm-sized recording device that records one message at a time and will play the message when you press a button. Basically it is a small version of the Talk Boy, which uses a tape. As I got older, I stopped playing with it. One time, when my sister was on vacation from college, she recorded a small saying she often used, along with her distinct laugh, which was, "You're suck a dork, te he h... ...d walking, and a moment later, BOOM! The three pound glass baking dish exploded, shooting shards of sharp glass in every direction possible. Every direction possible, that is, with the exception of the location where Darren was standing. We have never stopped picking up shards of glass from small corners in the kitchen, but not a single sliver of glass touched him, even though he was standing right in front of the oven. He never thought the voice he heard to be anything less than a gesture of kindness. Many people believe in this ghost stuff, but many do not. I believe in ghosts, and not only because of my personal experience. So, is this all fact, or fiction to you? If you want to make up your own mind about my situation, ask me to play the tape for you. If just for fun, I at least have something new to say to my friends when starting a conversation, "Hey Pal."

Pestle analysis by pepsico. Essay

PepsiCo is the largest selling beverage the world over, of course after its arch rival Coca Cola. It accounts for a 37% share of the global beverage market, and therefore they need to understand each and every country’s market in order to stay in line with their PESTLE situations. Pepsi is a big brand, currently holds the 23rd place in the Interbrands report of the World’s Leading Brands. Their advertisements feature major celebrities and athletes like David Beckham, Robbie Williams, Britney Spears, and Michael Jackson etc. Their market reach is also very diverse, as they’re present in almost every country from the US to New Zealand. Their PESTLE analysis is given below: Political: Pepsi is a non-alcoholic beverage and is therefore regulated by the FDA. So, they’re supposed to maintain a firm standard of the laws set out by the FDA with consistency. Also, many different markets across the world have different set of regulations that are either relaxed or are either stringent. There is competitive pricing by Pepsi’s competitors and that is one factor that Pepsi has to keep in mind at all times. The political scenario also matters greatly as there can be some civil unrest in certain markets or due to inflation the sales of the product can fall. Most importantly, cross border situations are starkly different therefore Pepsi has to stay in line with all those policies and changes so that they can adapt to all those changes accordingly. Economic: As the recent economic downturn has plagued the economy, companies had to restructure their sales and marketing campaigns greatly. Also, with diminishing profits they had to undergo downsizing internally and re-think upon how to penetrate the market. Economic conditions have the highest influence on a business, regardless of what trade it is in. Though, in Pepsi’s favor, the economic downturn that started in 2008 resulted in increased sales of its beverages mainly as people were being laid off from jobs, they were spending time with friends and family or at home. Social: Social factors greatly impact Pepsi, as it’s a non-alcoholic beverage it has to remain in line with the strict and stark differences of cultures the world over. Also, Pepsi has to communicate its image as a global brand so that the people can associate it with themselves as something that connects the world together. Usually, the social implications are seen in marketing campaigns for example certain countries have religious festivals, so Pepsi has to keep in line with all those festivals in order to understand the psyche of their market and how they can cash upon the opportunity. Technological: With the advent of the new age in technology, companies have completely integrated themselves with all the recent changes that have taken place. To mention a recent trend that has greatly picked up and something that almost every business is turning toward is Social Media. The social media explosion has allowed for increasingly interactive engagement with the consumers with real time results so Pepsi has to stay ahead of all the developments that take place with keeping in view how the youth of today utilizes technology for their benefit and how can Pepsi reach them in order to keep on increasing brand recall and brand engagement. Legal: There can be many legal implications upon the beverage industry. I would cite one very famous incident took place in India, where Pepsi was accused of using contaminated water, given a lab test that was done upon the water flowing into the Pepsi factory that was located nearby an industrial estate. A massive recall was issued for the products from shelves and then the product was tested costing the company many billions of dollars upon the tests as India is a very major market. Environmental: These factors can affect Pepsi, but not immensely alter its trade and profit generation as these factors affect agri-businesses much more directly.

Orem

Strengths Orem’s theory provide a comprehensive base to nursing practice. It is functional in the different fields of nursing. May it be in clinical setting, education, research or administration. Moreover, this theory is as applicable for nursing by the beginning practitioner as much as the advanced clinician(George JB. , 1995). Another major strength of Orem’s theory is it’s advocacy for the use of the Nursing Process (Balabagno, et. al, 2006). Orem specifically identified the steps of this process.She also mentioned that the nursing process involves intellectual and practical phases. Limitations The ambiguity of applying theory to nursing practice may lie in the fact that one theory does not always specifically support all aspects of nursing care. Orem’s self care deficit theory may not encompass all aspects of care and needs of a specific client. For instance, some dilemma with Orem’s theory include having an unclear definition of family, the nu rse-society relationship and public education areas are weak.These issues are essential in the management and treatment plan in caring for patients. Although the family, community and environment are considered in self care action, the focus is primarily on the individual (Balabagno, et. al, 2006). Another limitation is the definition of health as being dynamic and ever changing with states ranging from health or non health, wellness or illness (Fitzpatrick JJ, 2005).This definition of health directly contradicts the experience of some patients with varying needs and levels of care requirements. One of the most obvious limitations of Orem’s theory is that throughout her work, it can be said that a limited recognition of an individual’s emotional needs is present within the theory (George JB. , 1995). It focuses more on physical care and gives lesser emphasis to psychological care. Other theories address this limitation quite adequately such as Jean Watson’s Theo ry of Caring.

Kalahari Desert essays

Kalahari Desert essays Desert- an arid land mass covered with sand and thorny bush which receives less than 10 inches of rainfall per year. A desert, in my opinion, is a harsh environment that is unable to support life. So let us explore a so called desert and compare it to definition. The Kalahari is a desert located in Southern Africa, but is it a desert? It is argued that the Kalahari resembles the Sahel more so than the desert. What is the Sahel? It lies on the outer regions of desert and has more vegetation and grassy hills. In short it is land that is able to support life, mostly through various vegetation and increased rainfall. Through researching the desert it is apparent that the Kalahari is in fact not a desert by definition or by my opinion, and is known to receive up to 40 inches of rainfall per year, defying the definition of a desert. This region is home to several tribes, many species of wildlife, and various vegetation. This contradicts my opinion and the definition. Thus, the Kalahari is a life supporting environment and not an uninhabitable desert. The Kalahari Desert is large arid landmass that covers more than 190,000 square miles of Southern Africa. It spreads from the Orange River to Angola, and from Namibia in the west to Zimbabwe in the east. This desert is spread through several countries including South Africa, Namibia, and Botswana. Its landscape includes vast amounts of waterless land, red sand, sand dunes, some trees, shrubs, grasses, low hills and flats. The Kalahari has only one river as a source of water to support the life around it. This huge sand mass was created by erosion of the soft stone formations of the past . So at one point in time it can be said that the Kalahari was not a desert. Through these years of erosion it became a desert. Now, through the adaptation of vegetation (10-20,000 years ago) it has become more like a Sahel. This has allowed the Kalahari to be inhabited by various forms of li...

Problem Identification And Agenda Setting Example

Problem Identification And Agenda Setting Example Problem Identification And Agenda Setting – Coursework Example The First Stages in Agenda Formulation Affiliations The First Stages in Agenda Formulation Problem identification entails the expression of dissatisfaction with the prevailing status quo. For example, in the education system people can express their dissatisfaction with the inadequate facilities in the United States schools that support the marginalized. Schools are mandated to provide all the students with quality education regardless of their physical and psychological disabilities (DeMatthews, 2014). Students who are physically disabled and who are not native English speakers face difficulties coping with the other students in the class. Federal policy guidelines are silent regarding the issue of disproportionate representation of the special needs children in the schools. The problem results in emotionally affected students who end up living miserable lives for lack of proper education. In agenda setting, the definition of underlying alternatives is essential to the policy proce ss and in shaping the desired outcome. Before the issue is fully adopted and formulated, the alternative approaches are outlined so that the best option can be implemented (LAITS). To determine what issue advances into the agenda policy, the options that can address the plight of the disabled in schools are analyzed. For example, should the federal government provide separate facilities, increase the resources in current facilities, or provide extensional support to the affected children. Many problems exist in the contemporary US, but few of them make it to the public policy agenda. In the United States, a problem has to be identified as a salient issue to move onto the policy agenda. In most instances, the power of the people can move problems in the society further to be adopted as policy agendas. In addition to the influence and the power of the people, there are issues that move immediately to the policy agenda following significant events that act as the triggers (Boundless, 2014). Parents of the affected children with the support of the rights groups also contribute significantly to identifying the said problems. Boundless (2014). â€Å"Issue Identification and Agenda Building.† Boundless Political Science. Boundless. Retrieved from https://www.boundless.com/political-science/textbooks/boundless-political-science-textbook/domestic-policy-15/the-policy-making-process-95/issue-identification-and-agenda-building-513-7629/DeMatthews, David, Edwards, D. Brent, and Nelson, Timothy (2014). "Identiï ¬ cation Problems: US Special Education Eligibility for English Language Learners." Elsevier Ltd. International Journal of Educational Research 68: 27-34. Elsevier Ltd. LAITS. The Public Policy Process. Retrieved from laits.utexas.edu/gov310/PEP/policy/

ACT Math Tutor

What Makes for An Effective SAT/ACT Math Tutor SAT / ACT Prep Online Guides and Tips You’d think that finding a good SAT/ACT Math tutor should be simple – just get someone who is really good at math to tutor you. Unfortunately, just because someone is good at math doesn’t make her the most effective tutor, particularly when it comes to the SAT or ACT. For instance, while I'm better at SAT/ACT Reading (compared to SAT/ACT Math), I'm actually a better math tutor, because I don’t always â€Å"get it" right away – I have to try out different ways to teach myself the material before I grasp it fully. Read on for more specifics on what makes the most effective SAT/ACT Math tutor. And if you want specific advice on SAT/ACT Reading tutoring as well, don't worry– we have an article about what to look for in an SAT/ACT Reading tutor here. feature image credit: Math, Math, Math, math, mathh....maaah..... by Aaron Escobar, used under CC BY 2.0/Cropped from original. Effective SAT/ACT Math Tutors Are High Scorers Effective SAT/ACT math tutors must have scored in the 99th percentile on the test. At PrepScholar, we take it one step further: not only do we exclusively hire 99th percentile scorers, but many of these tutors were perfect scorers on the sections that they tutor. Why is this important? Because in order to be able to customize teaching, a tutor must have mastered the material. This doesn’t just mean knowing the content (probability, plane geometry, etc.). Tutors need to understand HOW the SAT/ACT questions you on math. The medium to hard questions in particular are not things you would have learned in school – it’s as much about interpreting the questions as it is solving the problems. Effective SAT/ACT Math Tutors Can Pinpoint Your Weaknesses The best math tutor needs to understand WHERE students are making mistakes in the questions. When all is said and done, a particularly challenging math question can test half a dozen or more skills. Take this sample problem: There are many complicated steps you have to take to solve this problem. Understand the problem: what’s this weird question even asking for? What information does the problem give you to solve the question? How do you use this information to solve the question? How does the angle of a polygon relate to the number of sides? How many degrees are in a quadrilateral? What does this mean about the degree measure of the other two sides? What does this mean about how many sides the polygon has? A student who misses the question could be tripped up by any one of these steps. How should a tutor address this? A mediocre tutor will just make sure the student understands how to get the answer to this particular question and move on. Why is this bad? It’s inefficient – it’s highly unlikely this particular question will show up on the SAT/ACT, and so the assistance given is not generalizable. Furthermore, it doesn't identify the student's actual weaknesses - it just patches over serious problems with a quick fix. The best tutor will pinpoint exactly where the student is having issues, then work on weaknesses until there are no longer any issues.A student who doesn't understand the formula for polygon angles needs very different help from a student who makes mistakes in the algebraic portion of this question. If the tutor doesn't identify these weaknesses and address them, the student will find it very hard to improve her score. be my valentine (cc) by Martin Fisch, used under CC BY-SA 2.0. Disclaimer: We at PrepScholar do not guarantee that the best tutors will be immortalized in statue form. Effective SAT/ACT Math Tutors Will Customize Test Strategies To You The best tutors will understand optimal strategies and be able to teach them to students, customizing the strategies to a student's particular level. Read on for an example of two different strategy suggestions: one suggestion is for someone aiming for a 600 on the SAT or 27 on the ACT and the other is for someone aiming for a perfect score on the SAT/ACT). Students who are aiming for a 600 or a 27 or a can skip hardest 25% of questions and instead focus on easier ones. For more strategies like these, read our articles on how to improve low SAT Math Scores or low ACT Math scores. If you're aiming for the perfect score, on the other hand, you might need to take note of time management. Take a timed practice test, and if you run out of time, mark the questions you answer with extra time. Compare your scaled score with extra time with your realistic score (the score that only includes questions answered during the normal time period). If your score differs by more than 50 points (on the SAT) or 1 point (on the ACT), you have serious time management issues. Are you generally slow at math questions, or were there particular questions that slowed you down? For more time management tips and other strategies, read our articles on scoring an 800 in SAT Math or 36 in ACT Math. Actions To Take The best way to get a sense of any tutor’s teaching style is to get her to demonstrate how she’d explain the process of answering a difficult question. PROTIP: Pick out a question ahead of time that you previously missed and have had trouble with from a real SAT and use it every time, so you can compare the explanations of multiple tutors. I’ve also compiled a list of sample questions parents and students might want to ask potential tutors. Click to download the PDF, or click on the image below. Use the answers to these questions to assess how a tutor teaches and whether or not her particular teaching style and method will be effective for you. What’s Next? Curious about tutoring for the SAT/ACT Reading sections? If you haven’t already, read our guide to the most effective SAT/ACT Reading tutoring, as well as our article on the key qualities of an effective SAT/ACT tutor. What do tutors actually do during SAT/ACT Tutoring? Demystify the mystery with our explanation of what SAT/ACT tutoring involves here. Want to get serious about improving your SAT/ACT score? Our tutoring service is designed to be the most effective in the nation. We hire the best tutors from across the country. This is then paired with our exclusiveonline drillingprogramthat gives your tutor complete insight into your progress to design the most effective sessions. Think about what improving 160 points on your SAT, or 4 points on your ACT, can do for you. Learn more about tutoring now:

MANAGING PEOPLE AND PRODUCTIVITY Essay Example | Topics and Well Written Essays - 4750 words

MANAGING PEOPLE AND PRODUCTIVITY - Essay Example This has given rise to the need for companies to pay a great deal of attention to employee performances on the job and motivate them effectively, in order to improve the productivity of an organization. The recent credit crunch has hit the banking industry particularly hard, turning the spotlight on the manner of functioning of these institutions. The need for quality and accountability in these organizations has become even more evident, especially in a recessionary environment where productivity has become even tougher to attain. The management of human resources has come to play an even more important role in achieving that productivity and motivating employees has become vital, especially for the banking industry. This study therefore proposes to apply a case study approach to examine issues surrounding the motivation of employees in Barclays Bank. The true origins of the crisis can be traced back several years to the late 1990s when, concomitant with financial deregulation in the United States that commenced during the Reagan administration, banks began to change their traditional mortgage arrangements. Earlier, mortgages issued were few and far between, because banks provided them to customers only after intense verification checks on credit and customer income. The customer was then obliged to make regular monthly payments to the bank. Earlier, banks had to finance their mortgages largely from their existing deposits from other customers; as a result this restricted the scope of their lending. With the rise in the mortgage bond market, this situation changed because banks were able to find additional sources of funding for loans through investors in mortgage bonds. Banks began to lump their mortgages together with other kinds of loan assets and sell them off to investors in the bond market, through the process of securitization of loans. In recent years, many of the regulatory measures that were instituted as a part of the New Deal after the Great depression of 1929 have been overturned, including the Steagall Glass Act, which imposed restrictions on speculative activity. (Chossudusky, 2008). Inflation in most developed countries was held down in developed countries such as the U.S. and the U.K. using the cheap imports available from countries such as China. Since inflation rates were low, this also helped to keep interest rates low, pushing up the value of property prices.(Blythe, 2008). Such an atmosphere, where property values appeared to be stable and keep rising, only encouraged banks further to branch into more speculative activity related to mortgage lending, and to lend out more than what they had on deposit from customers.(Blythe, 2008). The model presented below graphically depicts the traditional model of mortgage lending as compared to the current, existing system which involves third party bond investors, with deregulation encouraging speculative activity by banking institutions. Fig 1: The new model of mortgage lending (Source: http://news.bbc.co.uk/2/hi/business/7073131.stm) THE NEW MODEL OF MORTGAGE LENDING Top of Form How it went wrong Bottom of Form As per the new model, the banks rely on additional source

DQ2 Essay Example | Topics and Well Written Essays - 750 words

DQ2 - Essay Example The payments made to the suppliers of resources are expressed and revealed (explicit) or are present but not clear (implicit). Therefore a firm incurs both implicit and explicit costs while producing products. Explicit costs of the firm are the cash expenditures or monetary payments made to the suppliers who provide materials, labor services, fuel, transportation services and other similar requirements. These monetary payments are made for using the resources owned by suppliers. Implicit costs of the firm are the opportunity costs incurred for using the firm’s self employed and self owned resources. Implicit costs are the monetary payments the self owned and self employed resources may have otherwise earned through their best alternative utilization. Economists does not use the same cost data as accountants use because economists include both implicit costs and explicit costs related to production and also include normal profit which is necessary to acquire and retain resources for a particular line of production. Economists view economic costs as the opportunity cost of resources utilized whether it is owned by the firm or others (McConnell 2005 p.155). Accountants on the other hand consider profits as the balance of revenue after deducting accounting costs (or explicit costs) only. For the economists, economic cost (explicit and implicit costs including normal profit to producer) reduced from total revenue is the economic profit (McConnell 2005 p.156). Changes in demand, supply and equilibrium occur due to fluctuations in customer income, tastes or changes in customer expectation or the changes in the price of related products. Changes in supply occur as a result of changes in the price of resources, taxes or technology. These changes can have an effect on the equilibrium of price and quantity (McConnel, Brue & Campbell 2004 p.50). Price

Finance and Accounting Dissertation Essay Example | Topics and Well Written Essays - 1500 words

Finance and Accounting Dissertation - Essay Example Activity Based Costing (ABC) is a managerial accounting system which determines the cost of activities without distortion and provides management with relevant and timely information. It does not represent just a new set of overhead allocation rules or techniques to value inventory. ABC represents a way to look at operating costs and provides methods to dissect the underlying activities, which cause costs to exist† (Dunn 1891). The problem here, which is to be solved, is â€Å"Does the activity based costing play a vital part in financial performance†. For this purpose we have to know about the relevance of activity based costing. Here an example is given to know the difference about the activity based costing and conventional costing. E.g. Assume that Product A and Product B are manufactured by the same company. Product A is a low volume item and new one, it requires particular activities such as additional testing, special engineering, and some machine setups because i t is ordered in less quantities. Product B is a big volume product produced constantly and needs little concentration and does not require the particular actions. â€Å"If this business makes use of conventional costing, they assign or assign every expense to goods on the basis of the amount of machine hours. This will effect in small expenses rate due to Product A, since it do not contain numerous machine hours. Though, it performs order loads of testing, engineering and setup actions. The Product B will be owed a huge quantity of expenses owing to every device hours, except it insist small expenses action and no special attention† (Emerging Issues in Cost and Management Accounting n.d). The result will create a serious miscalculation of both products’ real price of manufacturing expenses. This costing will raise above this situation by transferring expenses on above the one action that is., the machine hours will not only be the activity, all other activities are tak en into consideration while costing the product. Background of the Study: Activity based costing will recognize the cost of additional testing, machine setups, special engineering and other activities that cause the costs. These activities consumed the resources of the company. So in activity based costing, they will calculate the cost of resources used in these activities and the product cost will be fixed accordingly. The cost of activity is assigned only to the product which demands the activities, which means the cost of special engineering, additional testing will not assign to the product B. Aims and Objectives: Here, the objective of the study is to understand â€Å"does the activity base costing play a vital part in financial performance†. Obviously, there are reasons to say that activity based costing plays a vital part in financial performance of organizations. But before stating it, we need to critically analyze the financial performances reports and compare the fi nancial performance of activity based costing and conventional costing methods. From the above examples itself, we can understand how the activity based costing is an advantage for the organization. The real cause of costs is recognized and it is added to the product cost. This method eliminates the chances of miscalculations and hence gives additional profit to the organization. But activity based costing also have some problems like; some costs are complex to allocate during this

Monarch PLC Airlines Essay Example | Topics and Well Written Essays - 2500 words

Monarch PLC Airlines - Essay Example Monarch Airline operates in an environment that has appreciated the advantages of technology, innovation, and rapid changes in their trading environment (Doganis 2006). Its customers have diverse interests and satisfaction levels hence serving as the main drive for change. In addition, the airline faces a lot of competition from other airlines operating within the same locality and destinations. With such a diverse and demanding environment, the airline has had to make major improvements to continue meeting the market demands. For example, to continue meeting the high demands on bookings by customers, the organization had to change from making bookings over the internet to using open skies by Navitaire. This has seen the company grow to handle large systems of operations within small timelines. It has also favored the company in protecting its information while changing swiftly to the ever-changing demands in the airline market. The survival of any business depended on how the manage ment will handle the risks since they are inevitable but manageable. Challenges and opportunities keep on changing making it hard for any company to operate in a highly competitive area. Therefore, for any business to grow, risk taking is a practice to embrace (Flouris & Yilmaz 2011). Monarch airline is not exempted in this and thus has had to face many risks. Overcoming and managing the risks has seen the company grow to where it is today. Managing risks involve balancing between rewards and losses. It entails minimizing bad outcomes and enhancing good outcomes (Thomas 2002). It comes with a preparedness to handle any misfortunes that will take place in the cause of operation. It has been proved that everybody would play on the safe side of life. This provides a shield against unplanned events that endanger the running of a company or any part in the society (Flouris & Yilmaz 2011). However, some risks are inevitable and uncertain to happen. When they happen, it is only prudent to learn how to cope with them. Uncertainties and ignorance stands as major challenges in coping with the situations. Through the authorities, the balancing act should be approached from an open point of view that will accommodate all parties involved. Risk management in any organization is perceived to be the responsibility of specific individuals. However, this should not be true since every human being by nature is a risk manger. Every person by nature is responsible to handle the nature of risk created by his or her behavior (Douglas & Wildavsky 1983). The only thing that the authority can do is to ensure that every individual within the operations of the organization are well informed of the risks involved and the possible ways out of the risks. In every organization, risk experts and safety regulators stands out as very important part in the daily running of the institution. They identify risk issues early before everybody else does that (Thomas 2002). Risk authorities estimate t he magnitude of risk and therefore advise the parties involved accordingly. However, there has been cases where many people insist in taking much risk than can be handled (Douglas & Wildavsky 1983). One could be because of ignorance and two could be lack of knowledge on how much such risks could cost the organization. Risk is

Improving Life in the United States Essay Example | Topics and Well Written Essays - 750 words - 1

Improving Life in the United States - Essay Example One of the major concerns of America today is the growing number of obese people. Children are not exempted from such and this calls more attention to how American families are raising their children. Doctors and researchers all agree that American diet have drastically changed, relying on easy to prepare foods or the readily available victuals from fast foods. They are now promoting changes in how Americans eat, going back to how our ancestors, decades ago, ate. On a parallel, as this problem is being resolved, similar attention is solicited to a much wider scope of concern. The production and consumption of local farm products is advertized at a higher level because of its effect on the various aspects of American living. First, from health advocates who suggest that home-grown fruits and vegetables are far healthier because they are locally available while they are still fresh, with more nutrients as compared to imported products that have undergone various stages of preservation. Secondly, by environmentalists who suggest that local production and consumption will create a tight-knit interconnection between producers and consumers, enabling accountability between them (Morris, 641). Such a situation will create awareness about how the products are produced and transported and therefore will demand high standards of maintaining quality services from farmers and producers. Such awareness in turn, will help consumers appreciate the efforts of farmers and producers. Thirdly, from economists who argue that buying locally grown food is not only good for local economy but on a global level as well. Although there are beliefs that local production will kill developing countries’ economies especially those who rely on exportation for their economic growth, Morris says otherwise. To prove his point, he cites CARE, a non-profit organization that works to fight global poverty which refused to accept tens of millions of dollars in federal money for food aid in Af rica, arguing that such help undercuts farmers, making their situation worse and not better. He thus suggests that local production to make Africa self-sufficient is rather the solution to their problem and not reliance on exportation or help extended by successful countries (642). The environmentalist’s perspective mentioned earlier reflects in part the argument of Al Gore in his Nobel Lecture in 2007. He informed the American people that on the day he delivered his lecture, 70 million tons of global-warming pollution has been dumped and a larger amount will be dumped again the next day (721). If such an increase has been constantly growing for the past five years, imagine how large both American producers and consumers contributed to such pollution. The lack of accountability and awareness in the production and consumption of imported goods surely is a great factor to this global crisis. Therefore, in response to Al Gore’s call for the Americans to forge a united eff ort, with great individual involvement, everyone should become aware of this impending crisis that might dim the future of the next generation. Being accountable, this generation should act and, act quickly, together (724). The modern American lifestyle has improved a lot when one evaluates on the basis of technological advancements. However, there is no denying that such achievements have destructive consequences not only individually and locally but also globally. The fast-paced modern

Labor Relations - 5 question essay Example | Topics and Well Written Essays - 1000 words

Labor Relations - 5 question - Essay Example Key national interference in support of unionism together with the â€Å"the National Labor Relations Act of 1935† and â€Å"Norris-LaGuardia Act of 1932† (Baird, 2011) were based on the fake notion that labor and business management are mutual rivals. In reality, both labor and management are engaged by customers to manufacture products and services, and thus it creates no logic to presume a sharp difference between the two units. Labor and Management are harmonizing in nature, not rivals. Both the workforce and the management are the inputs to the manufacturing process. Recently â€Å"The National Labor Relations Board† has permitted a new regulation entailing private companies to show posters informing the employees on their right to create a union, along with their right to allocate union writing and getting associated to further forms of union operations devoid of retaliation (LAS VEGAS REVIEW-JOURNAL, 2011). Answer 2 A huge majority of agreements in the U.S . have been attained by the means of non-economic weapons like collective bargaining. In this procedure the organization representatives and the Labor discuss together their issues to arrive at a commonly satisfactory agreement. When the negotiation between the involved agents does not produce new agreements, the partakers usually go for mediator support. The unbiased mediators get together with the quarreling parties to offer them a helping hand and view the domains of harmony (Craver, 2013). The mediators search for means to tackle the domains of difference. The facilitators persuade the bargaining parties to move beyond their affirmed positions to allow them to investigate their fundamental wellbeing. If mediation fails then a type of obligatory attention arbitration approach is followed that unites final proposal and conservative interest arbitration (Laner and Manning, 2013). The major benefits of such non economic approaches are saving a lot of time while the main limitation i s spending a huge sum of money for the discussed procedure. Answer 3 Off shoring advantages- Cost: cost saving and taxes saving are the key reasons for firms taking on off shoring. Firms can cut the labor charges, worker administration and organization cost, workplace room and apparatus cost and list continues. Making the most of the â€Å"Time Zone Advantage†: Off shoring offers the firms the benefits of developing the time zone by getting surround the clock advantages. Flexibility: The process of off shoring offers the firms with definite flexibilities involving the elimination of appointing and extinction charges in the other nation (Light speed IT solutions, 2012). Off shoring disadvantages- Political environment:  the Political environment in overseas nations is a major source of insecurity as these can be unbalanced at times. Alteration in management policies can amplify the expenditure. Differences in work culture and practices - A vast divergence remains always in t he job culture and that are tough to conquer. Hidden charges:  frequently the unseen cost like legal charges and changeable exchange rate are hard to determine in advance. Variations in currency rates influence the profits to a great extent. Communication hurdle:  It is a lot hard to correspond with firms in other nations that converse in a diverse native dialect. Face to face conferences are very costly

Improving Life in the United States Essay Example | Topics and Well Written Essays - 750 words - 1

Improving Life in the United States - Essay Example One of the major concerns of America today is the growing number of obese people. Children are not exempted from such and this calls more attention to how American families are raising their children. Doctors and researchers all agree that American diet have drastically changed, relying on easy to prepare foods or the readily available victuals from fast foods. They are now promoting changes in how Americans eat, going back to how our ancestors, decades ago, ate. On a parallel, as this problem is being resolved, similar attention is solicited to a much wider scope of concern. The production and consumption of local farm products is advertized at a higher level because of its effect on the various aspects of American living. First, from health advocates who suggest that home-grown fruits and vegetables are far healthier because they are locally available while they are still fresh, with more nutrients as compared to imported products that have undergone various stages of preservation. Secondly, by environmentalists who suggest that local production and consumption will create a tight-knit interconnection between producers and consumers, enabling accountability between them (Morris, 641). Such a situation will create awareness about how the products are produced and transported and therefore will demand high standards of maintaining quality services from farmers and producers. Such awareness in turn, will help consumers appreciate the efforts of farmers and producers. Thirdly, from economists who argue that buying locally grown food is not only good for local economy but on a global level as well. Although there are beliefs that local production will kill developing countries’ economies especially those who rely on exportation for their economic growth, Morris says otherwise. To prove his point, he cites CARE, a non-profit organization that works to fight global poverty which refused to accept tens of millions of dollars in federal money for food aid in Af rica, arguing that such help undercuts farmers, making their situation worse and not better. He thus suggests that local production to make Africa self-sufficient is rather the solution to their problem and not reliance on exportation or help extended by successful countries (642). The environmentalist’s perspective mentioned earlier reflects in part the argument of Al Gore in his Nobel Lecture in 2007. He informed the American people that on the day he delivered his lecture, 70 million tons of global-warming pollution has been dumped and a larger amount will be dumped again the next day (721). If such an increase has been constantly growing for the past five years, imagine how large both American producers and consumers contributed to such pollution. The lack of accountability and awareness in the production and consumption of imported goods surely is a great factor to this global crisis. Therefore, in response to Al Gore’s call for the Americans to forge a united eff ort, with great individual involvement, everyone should become aware of this impending crisis that might dim the future of the next generation. Being accountable, this generation should act and, act quickly, together (724). The modern American lifestyle has improved a lot when one evaluates on the basis of technological advancements. However, there is no denying that such achievements have destructive consequences not only individually and locally but also globally. The fast-paced modern

Structures, Fluid Mechanics, Materials, and Soil Mechanics Math Problem

Structures, Fluid Mechanics, Materials, and Soil Mechanics - Math Problem Example Accordingly, most pretensioned concrete essentials are assembled in a workshop and have to be transported to the building site, which confines their size. Pre-tensioned essentials may be balcony components, floor slabs, beams, lintels, or foundation piles. An inventive bridge-building method by means of pre-stressing is the strained ribbon bridge design.The method I would use to prestress: I would use bonded post-tensioning methodFused post-tensioned concrete refers to the descriptive term for a process of applying firmness after pouring the concrete as well as the curing process (in situ). The concrete is placed all around a plastic, aluminum, or steel curved duct, meant to follow the region where otherwise pressure would arise in the concrete component. A collection of the tendons are fished via the duct and the concrete is drizzled. Once the concrete becomes hardened, the tendons are then tensioned by the hydraulic jacks which react (push) on the concrete associate itself. When th e tendons are all stretched adequately, according to the specifications of the design (see Hooke's law), they are then lodged in position and sustain pressure after the jacks are detached, which transfers the pressure towards the concrete. The channel is then mortared to shield the tendons from decay. This method is normally used to build monolithic blocks for house construction; this normally happens in places where the expansive soils (like adobe clay) generate difficulties for the typical foundation of the perimeter.... Pre-tensioned essentials may be balcony components, floor slabs, beams, lintels, or foundation piles. An inventive bridge building method by means of pre-stressing is the strained ribbon bridge design. The method I would use to prestress: I would use bonded post –tensioning method Fused post-tensioned concrete refers to the descriptive term for a process of applying firmness after pouring the concrete as well as the curing process (in situ). The concrete is placed all around a plastic, aluminum, or steel curved duct, meant to follow the region where otherwise pressure would arise in the concrete component. A collection of the tendons are fished via the duct and the concrete is drizzled. Once the concrete becomes hardened, the tendons are then tensioned by the hydraulic jacks which react (push) on the concrete associate itself. When the tendons are all stretched adequately, according to the specifications of the design (see Hooke's law), they are then lodged in position and sus tain pressure after the jacks are detached, which transfers the pressure towards the concrete. The channel is then mortared to shield the tendons from decay. This method is normally used to build monolithic blocks for house construction; this normally happens in places where thr expansive soils (like adobe clay) generate difficulties for the typical foundation of the perimeter. All strains from periodic expansion as well as contraction of the core soil are reserved into the whole tensioned slab that supports the building devoid of substantial flexure. Post-tensioning is similarly used in the building of several bridges, both following the curing of

Global Systems Development Corporation Essay Example for Free

Global Systems Development Corporation Essay GSDC is a software development firm with sales, marketing, and project offices in major cities of North America. We provide a global project management services, on-site personnel as needed for design, and testing and liaison with teams of developers in India and Eastern Europe. GSDC is known to have extensive experience in website development and have completed several successful websites implementation for institutions of higher education. Background and analysis STI has been working with GSDC to implement the new website, and GSDC views STI as a premier customer. As the project has unfolded, however, cost overruns and delays have occurred. STI claims that GSDC underbid the project and was too optimistic in its bid and project plan. Time has been lost and the project has cost overruns to date of $200,000. Given todays  date and the need to have the site in place, STI management has clearly articulated that the new website must be up and running within 60 days of the beginning of these negotiations. Proposed goals, objectives, target population and implementation plan Considering the state of the project we are about 75% complete and we can finish the project under tight constraints. GSDC is the most knowledgeable and with only 25% left of the project left to complete we believe that the completion of the project by GSDC would benefit both parties. Both sides can take a â€Å"lessons† learned. Considering the work completed there is not much left of the project to scope and our confident that we can finish out the final pieces and components of the website. The value in continuing the relationships shows that both companies have a level of professionalism and a can do attitude that is admirable in the business world. The most important consideration for GSDC is that we meet our clients’ needs and that the customer is satisfied with the finished product. The must complete the website for the negation to be considered successful. Annual project budget Organization HISTORY, MISSION, Vision and Structures STI Institute is located in the Midwest offering wide ranges of programs in arts and sciences, business, and education programs. The school includes a variety of Master’s Degree programs, and continuing education for the community. The institute Attracts over 6,000 students annually, 5,000 undergraduates, 1,000 graduate students, as well as part-time students in the Midwestern region including local and state. We have been working with GSDC to implement the new website, and we both agree that the project costs are over budget. There has been too much time delay, and we need to come to an agreement to finish within 60 days of beginning negotiations. Proposed goals, objectives, target population and implementation plan Project is almost at completion but with the communications between both parties not being clear on requirements. After reviewing the complaints from GSDC the overall solution will agree upon STI select few to work closely with GSDC personnel to exchange ideas and come to a resolution. We will clarify requirements, support the on-site and remote development teams, and perform timely testing. In order to be 100 % complete within the 60 day period. The value in continuing the relationships shows that both companies have a level of professionalism and a can do attitude that is admirable in the  business world. Once everything is agreed upon we suggest we have are selected personnel to video conference with GSDC on an agreed time to make sure the progress is underway. Therefore if there’s any changes to be made it in constant overview and finished in time.

Labelling Theory And Criminal Behavior In Society Criminology Essay

Labelling Theory And Criminal Behavior In Society Criminology Essay Labelling theory is very useful in explaining criminal behaviour. Labelling theory is one of the theories which explain the causes of deviant and criminal behaviour in society. It gives an insight on what could make an individual be attracted to criminal behavior as opposed to morally desirable behavior. This is very important for criminologists, law enforcement bodies and health care professionals who try to rehabilitate criminals. This paper will discuss the labeling theory with respect to crime. Various theorists who discuss this theory will be studied in order to better understand criminal behaviour. A summary of issues discussed will also be given at the end. This theory was advanced by Becker and it explains the causes of criminal and deviant behaviour in society.  [1]  This theory emphasizes that criminal behaviour occurs as a result of the dominant social group labelling minority groups who are viewed to be committing acts which are against social norms. The theory discusses how the behaviour and self identity of an individual can be influenced or determined by different terms which the dominant population uses to classify or describe them. According to this theory, when the society gives negative connotations to an individual, this influences the individual to adopt the labels which are attached to them. When the society labels a person as deviant, such people internalise the negative label and after time, they adopt the nature of a deviant person so as to conform to societys expectations. Every person knows how other people judge them through previous interactions with other members of society. The self can be said to be moulded according to this perception by society. When the society changes the perception which it has on an individual and sees them to be deviant, an individual may re-evaluate their self depending on the authority of other peoples judgement. The society or dominant group has the power to decide what constitutes deviance. This group defines deviance and explains the levels which can be tolerated by society.  [2]  When this group labels someone as deviant, they may change their treatment of the individual. This change usually depends on the extent of deviance exhibited by the individual. The change in treatment of the individual affects their self image. The higher the change, the higher their image is affected. In some cases, especially when the self image is greatly affected, the individual changes their nature to conform to the labels which are given to them. Becker identifies two groups in society; rule makers and rule breakers. Rule makers and breakers are seen to be two different groups which are in state of contrast. The rule breakers perceive themselves to be in contrast with rule makers as far as moral values are concerned. Rule breakers therefore detach themselves from society and become outsiders. However, there is a bond which exists within rule breakers, and they may perceive themselves to be the mainstream society and the rest of society to be outsiders. It is important to note that Becker did not support any deviance theories which were advanced as explanations for causes of crime. Various theories such as differential association, strain theory, control theory and others attempt to explain the causes of crime. However, Becker was opposed to these theories since he was of the opinion that deviance does not exist. The dominant social group was seen by Becker as imposing their view of deviance, and accepting deviance would be accepting the views shared by this majority. Primary and secondary deviance Becker explains that there are two levels of deviance; primary and secondary deviance. Primary deviance is the initial level of deviance which is committed by a person. This deviance may either be unintentional or intentional.  [3]  Many people fantasize or think of committing deviant actions and this may trigger the commission of deviance. Secondary deviance is the deviance which is committed after the labelling by society. The labels which societies give to a person trigger secondary deviance. There are various steps in which secondary deviance is achieved. The first step is being seen committing a deviance act and being labelled a deviant by society. Accepting the deviant label is the second step towards achieving secondary deviance. Some people may accept the deviant label and begin committing deviant acts as opposed to their normal way of life. The third stage is commission of acts which are consistent with those of a deviant. This occurs after a rule breaker has accepted th e deviant tag and they begin practicing a culture which is consistent with that of deviants. Beckers case study Becker carried out a case study in which he attempted to find out how marijuana came to be associated with deviants in the United States. During the late 1930s, the Bureau of Narcotics began campaigns against marijuana use in the US. Since the bureau was new, it began these campaigns as a way of justifying its existence. The ethnic Protestants were the prevailing religion during this time and they despised actions taken purely for achieving ecstasy. The Protestant group can be said to be the dominant group as discussed earlier. This group preached of the need to free people from the bondage of drugs. The bureau then began explaining the adverse effects of drugs, including showing the public evidence from Mexico, which had one of the highest rates of drug abuse in the world. As a result, legislation was passed to discourage the vice. However, in spite of the legislation, the abuse of marijuana has continued. This can be explained by the labelling theory. The dominant group, the Protes tant, branded people who use marijuana deviants. Many of them accepted the tag and continued abusing the drug since this was perceived to be the expectation of the society which branded them a deviant. Another case, which was observed by Thomas Scheff relates to people with mental illnesses. Most people who the society brands as mentally unstable usually begin acting according to how the media portrays the mentally ill.  [4]  Once they do so, they have access to professionals in mental illnesses. Most people act like the mentally unstable to at a point in life. However, not all are branded mentally unstable and only those who society perceives as weak are. This is consistent with the labelling theory in which the dominant group labels the minority group. Erving Goffman and labelling Goffman explains the concept of labelling through the use of social stigma. Stigma is behaviour, reputation or attribute which discredits a person or group. Goffman describes it as the difference between actual and virtual social identity.  [5]  Goffman explains that people often make certain assumptions based on interaction with other people. These assumptions often translate to expectations and people are expected to behave in certain ways based on these assumptions. These expectations gradually become demands and everyone demands that certain people act in a certain way based on the initial assumptions. When we begin analysing whether out expectations will be met we realise that all along we had been making assumptions. There are six levels of stigma which were associated with Goffman. The first is concealment and this is the ability of one to hide stigma.  [6]  The second is disruptiveness and this is the ability of stigma to affect social relations. Aesthetics is the reaction by other people to stigma. Origin relates to the beginning of stigma and can either be deliberate, accidental or by birth. Course is the fifth aspect and it relates to the progression of stigma over time. The sixth aspect is peril and this is the ability of stigma to pose as a danger to other people. Goffmans contributions to the theory of labelling are important. They explain what may make the dominant social group label the minority group. This also explains why the minority group may be under pressure to change their normal way of life and adapt to the labels which have been given to them. In order to reverse the adverse effects of labelling, stigma should be eliminated through avoiding assumptions about people. People should judge others through long term interaction rather than short term or casual interaction. Importance of labelling theory in understanding crime Labelling theory has been seen to alter the normal actions performed by actors who the society has branded or labelled. The labelling makes them alter their actions and adopt those which are consistent with the labels which are attached to them. This is important in understanding crime since criminal behavior can be explained by this theory. When a person commits a criminal act, this is primary deviance and it may be unintentional or intentional. However, when the society brands that person a criminal, this may alter his or her self and they may start committing criminal activities. This is secondary deviance since it is influenced by the label which the society has given the person. Gradually, such people form groups in which they seek identity. They perceive the law abiding citizens to be a threat to their existence and they target them in their criminal activities. In order to reverse the criminal behavior and reduce crime, the society should avoid giving negative connotations to people, and see criminal behaviour as a mistake which can be rectified through rehabilitation. The society should understand the adverse effects of giving labels to people, since instead of being a deterrent to crime, it becomes a catalyst to crime. Labelling theory, amongst other theories serves to inform the public, law makers, law enforcers and health practitioners of the ineffectiveness of labelling minority groups. Criticism of labelling theory One of the criticisms of the theory is that it is impractical. Empirical tests have not been tested on the population and it therefore cannot be taken to be accurate. It is difficult to test and many sociologists do not perceive it to be a true theory. Another weakness of this theory is that it does not explain primary deviance.  [7]  This theory only explains secondary deviance but does not explain what motivates one to commit primary deviance. It is therefore perceived to be inconclusive. Further research should be done on the labelling theory in order to determine whether it is accurate and applicable to the society today. Summary and conclusion Different aspects of the labelling theory have been discussed. Labelling has been seen to facilitate crime and deviant behaviour through encouraging people to act according to labels which are attached to them. Initially criminal activities may be unintentional or intentional depending on the actor, and this is the primary stage of deviance. However, subsequent crimes may be committed as a result of labelling and this is the secondary stage of deviance. In order to reduce crime we should reduce the negative connotations which are given to people, especially criminals. The society should take crime as a mistake committed by a person, which should be reversed through rehabilitation, rather than admitting that crime is the nature of the person. Goffman has also been seen to discuss stigma, and this is important in explaining the labelling theory. Due to the assumptions discussed by Goffman, criminals are stigmatised and this encourages them to commit criminal acts according to labels designated to them. However, the research done on labelling theory is inconclusive due to the weaknesses which have been discussed. The absence of practical tests and inability to explain primary deviance shows that more research is needed on the topic. This will prove whether labelling theory is applicable to the modern society. This paper is useful to sociology students, law makers, health care practitioners, law enforcers and the general public since it enables all these groups understand the nature of crime.

The Slave Trade :: essays research papers fc

Intro: Slavery, the owning of slaves as a practice or institution. The condition of being a slave, bondage, servitude. Slave, a human who is owned as property by, and is absolutely subject to the will of another: bondservant divested of all freedom and personal rights. Hard to believe but on of the most horrifying occurances in World History, is the Slave Trade. It was a time in which people were sold as merchandise, where human beings were being treated as if they were not human. Beaten, being taken on a ship to an unknown land, drowned because of rations, and space, inhumane........ yes, unrealistic........ no. What was it? The capture and forced labor of Africans by Europeans began in the early 16th century. Africans were rounded up by other Africans as objects of trade with the Europeans. Eventually, slave ships became a regular sight in what came to be known as "the Middle Passage." These ships provided a constant flow of African slaves to Brazil and the Caribbean Isla nds, where the human cargo was auctioned off and brought to Europe or the New World.. Many of the ships wee not cleaned. The "cargo" was not feed or cleansed properly. Many captives died from the inhuman conditions on these voyages. Who had control? England gained control of the slave trade under the Treaty of Utrecht in 1713, and managed the shipment of slaves to Spanish colonies. As the colonies gained independence from Spain, they outlawed slavery, and soon slaves were most in demand in North America, particularly on plantations. Few were fortunate enough to be house servants; most performed menial labor in the fields. How did it end? As far back as the mid-1500s, Jean Bodin, a French political philosopher, condemned the institution of slavery as immoral and unnatural.

Donnie Darko

Donnie Darko Assessment Dashiell Lieberman I would like to answer this question not as the Dashiell we all know and love but as an existential Dashiell. As an existentialist I would want the truth and the facts; that is a lot different than wanting an explanation. An existentialist doesn't believe that everything needs an explanation and a reason. They believe in the cold hard truth and facts like the great existential characters Donnie Darko and Mersault of The Stranger, who died for representing the ultimate truth like Christ.So the truth I seek for my one day outside of reality is the creation of the world, the universe and who or what is the creator. Everything else in this world has been altered and corrupted by man and society but not the beginning; that is true and untouched. I want to know the overall truth of the world, the great mystery that the whole world has wondered. The origin of everything is my biggest wonder as a man just looking for the truth with no explanations o r interpretations.I would travel through time and space searching and observing the creation of everything that has come to be. I would love to talk to the creator, if so, and just ask him some casual questions or learn of our scientific origins and it's amazement. If I had this one day I wouldn't waste it by doing insignificant things to make me happy for an hour; I would go big of course, I mean really big. I want these hours of freedom to change my life forever giving me the ultimate truth of the world so as an existentialist I can be satisfied knowing that there is no meaning or maybe there is.

Facebook Stalkers

Gabriel Montelongo Mr. Segura English 1301. 001 18, February 2013 The Book of All Evil There is no denying that social networking is at its finest. With over 1 billion users, Facebook has pushed itself into part of everyday lives. However, Facebook isn’t all flowers and butterflies. A website that stalkers use to rub one off to whoever they stalk, should not be perceived as a good thing. Neither should it be considered a good thing when a college student tries to write his essay, and keeps getting distracted by notifications.Facebook is a tool used for stalking, addiction, but worst of all, procrastination. One of the scariest thing about Facebook is the stalkers. Facebook has made stalking easier with the use of one of its features called â€Å"Lists†. Basically what this feature does is it allows the user to single out anyone in the friends list, and stalk anyone that has been added. The stalker can even single out what kind of updates a person has; such as photos, po sts, and recent locations visited.People that use Facebook should think twice about what they share with the world. On the bright-side, Facebook does allow the ability to block stalkers, but it is rendered useless if the stalker decides to fake a new account. If anyone out there has an interest in stalking, Facebook would be the first place they would look. When awkward, socially-undeveloped, cave-dwellers want to make friends, they use Facebook. They proceed to add pretty, young women, in hopes that they get a chance to be with them.However, that almost never happens, so these people then become angry and delusional. This is how stalkers tend to form over Facebook. These stalkers then proceed to stalk their rejecters, and then later end up in creepy stalker stories. This happens almost every day on Facebook, seriously. Social networking has become so common, that not many think about how they are being manipulated. Facebook has this control over people, using something called †Å"notifications†.People post updates on their page, and if people think it’s cool, then it’ll get â€Å"likes†. Notifications are then sent to the person telling them that someone liked their update. That right there encourages the user to post more updates. The more likes that people receive, the more it makes them want to update their status. This is how it keeps its users; through making them think that people actually care about what they are saying. Facebook manages to keep its users through a clever, but mischievous design.Though widely recognized as a place for friends, Facebook is more like a spreading of disease. Through mischievous design and manipulation, Facebook can actually cause addiction. A reward system of notifications and likes can make a person feel like something was accomplished through something as simple as a status update. This accomplishing feeling make the self-conscious Facebook users feel accepted through having their statuses â€Å"liked†, and will try to reanimate themselves in search of that same feeling.Facebook addiction is now being recognized as a legitimate addiction, and will soon find itself in future psychology books. Not only is Facebook perfectly designed for stalkers, but also to distract students from finishing homework. Facebook has a billion plus users, a majority of which are teenagers and young adults. Distracting a kid couldn’t be easier with Facebook. Give a pre-teen a website full of friends, and that pre-teen could be on it for hours.The same effect happens with young college students; only the college student knows that he has an essay due Wednesday. Said student will then proceed to write the essay, only to get distracted by friends on Facebook. It is a horrible feeling when students know that not much time is left, and begin to hate themselves for procrastinating. An evil that every teenager in this day and age has to deal with, every day of their lives. Facebook is a curse; one that destroys us from the inside out.Never mind the fact that almost one in every five divorces have been Facebook related, it creates stalkers that could eventually evolve into serial killers. Facebook breeds addiction and manipulates our already screwed up society. It has students thinking that they will only be on for five minutes, which then becomes an hour. Facebook is itself a problem that causes even more problems. A problem that’s here to stay until a new socializing website comes and takes over, and causes even more problems.

Inventory Control Essay

INVENTORY CONTROL Inventory is any stock of economic resources that is stored for future us e it is commonly used to store materials, in process packing materials, spares etc, stocked in order to meet respected demand or distribution in the future. Although inventory of any materials is an idle resources the sense, it is not meant for immediate use. It is necessary to maintain some inventories lot the smooth functioning f the organization. Inventories are essential: The following is the list of the major reasons for maintaining Inventory a) Protect against irregular demand: Inventories are kept to meet fluctuating demand. b) Protect against irregular supply: a strike by the suppliers employees is one reason why deliveries may not teach on time. Lacks of materials at supplier’s level, strikes in transportation network are other possible reasons for delays in supply. Inventory is used as buffer that can be used until late deliveries arrive. c) Protection against inflation: Inventories are often kept as a hedge against inflation. In this case inventories are building up in anticipation of price increase. This speculative practice is common in commodity markets. d)Benefits of large quantities purchasing quantities of an item often entities the buyers to a discount. Similarly in case of manufacturing large production lots, the utilization of make efficient automotive equipment can be equipment can be justified by reducing the per unit manufact uring cost. e)Saving the order cost: ordering in large quantities reduces the number of time the order must be placed and processed. Since the fixed cost of ordering will be. f) Other reasons: Inventories are kept for several other reasons; an Inventory may improve the bargaining power of firm with a supplier (or with its own employees) by making the company less dependent on them. Inventories are also kept so that machine can be shut down for overhear. THE STRUCTURE OF THE INVENTORY SYSTEM The Inventory system involves a cycle process, which is assumed to run over several periods, whose major characteristics are: a) Inventory level: an item is stocked in a warehouse, store or any other storage area. This stock continues an Inventory. The size of the Inventory is called the Inventory level (or Inventory on Hand). b) Depletion: the Inventory is depleted as demand occurs. Assume that one starts with an  Inventory of 100 units. As time passes the Inventory is reduced. The rate of demand can be constant (e.g three units every day). A constant demand reduces the Inventory leveling equal steps. c) Recording: to rebuild an inventory, the item is replenished periodically. When the inventory level is reduced to a certain level called the record point, a replacement order is placed. The time between reordering and receiving is called lead-time. d) Replacement, shortages and surpluses: in most basic inventory models, it is assumed that the reorder is scheduled so that the replacement will arrive exactly when the inventory level reaches zero. Such an assumption holds if the demand is constant. However if the demand fluctuates and the lead- time varies, the shipment may arrive either before or after stock is completely depleted, that is the depletion and replacement and replacement does not coincide. In such a case a surplus or shortage will occur. If the shipment arrives after depletion, then the demand cannot be met and shortage will occur. When the shipment arrive prior depletion, an inventory level larger than zero or surplus exists. e) Safety stock: shortage can be eliminated or reduced by deliberately building up a safety stock. It is extra inventory held against the possibility of stock out. f) The average inventory: the balance of inventory on hand in case of constant demand, it is about half the maximum inventory. g) Basic inventory decisions: the major decisions the management makes in the inventory area are: âž ¢ How much to order at one time (what order quantity should be) âž ¢ When to order this quantity (what the reorder point should be) âž ¢ Should safety stock be build up? How large should it be? INVENTORY CARRYING COSTS Inventory carrying costs refers to the cost of handling stocks. The following elements constitute the Inventory carrying costs a) Capital cost is an important item in determining the pest of carrying inventory. Capital cost is either the cost of borrowing capital or the cost of diverting companies finds to invest in inventories. The former means the interest rate the later implies the foregone opportunity cost. There are thus two methods of determining capital cost. The first method is to use the bank lending rate, if the money were to be borrowed. The other method is to  consider the opportunity cost of the money (the return that the money will yield if invested elsewhere). b) Storage cost; includes cost of storage (i.e. annual rent or depreciation), cost of preservation i.e. rust preventive oils and ‘eases), cost of record keeping, and cost of periodic/annual stock verification etc. c) Deterioration and. obsolescence: deterioration is the loss, from reduction in the inventory value due to one or more of the following reasons: The part/item/material may have limited shelf life and hence may deteriorate if stored for a long time, e.g. rubber parts may crack after approximate six months life, and for example, ammonia sheets may spoil if stocked beyond three months. The items also deteriorate when the storage conditions are inadequate, unsatisfactory or both. Some of the parts may also get damp, dried up, or spoiled Deterioration can also result from poor handling of the stores. Some of the fragile items may collide with other and break. This process of deterioration, thus, reduces the value of the stocks and they may not be now worth the value recorded in the accounts book. Obsolescence is the loss from reduction in inventory value of the items/ components rendered unusable by the company due to changes in design or due to development in the field. The risk of Obsolescence varies from industry to industry and is obviously greater than those industries where modifications are frequent and new, developments are regular. The problem is still severe in industries producing fashion goods. That is why many progressive business firms tend to get rid of theft surplus stocks which otherwise would become obsolete by some sort of periodic action such as clearance sales etc. d) Insurance cost: inventories, like other assets, are covered by insurance cost is thus the premium paid or payable to cover the company against loss due to unforeseen across such as fire, theft etc. PROCUREMENT COST: Procurement cost is also called ordering cost, replenishment cost or recumbent cost is the cost incurred to replenish the stock of an item. It is in fact, the cost incurred at different stages of the procurement function &  is obtained by dividing the cost of activities like requisitioning order writing, orders follow up, receiving and inspection, records keeping and bill payment per period by the number of orders processed during the period. Procurement cost, therefore , represents average cost to be expended to place an order and execute the delivery once. . Basic elements of procurement cost are as under: (a) Paper work cost: The procurement function is built around paper work since all orders, small or big, need paper work. Purchasing function sets out with paper work (materials requisitions) pushes through paper work (enquiry forms, purchase order forms goods receipt notes, inspection notes stores’ receipt notes) and ends up with paper work (cheques to pay suppliers invoices). The requirements of this paper v vary directly with the order frequency and its cost is considered as one of the elements of procurement cost. ‘ (b) Postage cost: Postage cost is the cost expended to mail documents necessary to the business transaction. Purchase orders are sent to authorize vendors to supply the goods, delivery schedules are mailed communicate immediate as well as future requirements, amendments to purchase orders are issued to alter modify quantity, price or other terms, goods inspection notes: are posted to acknowledge receipts of materials & inform inspection results, discrepancy notes are sent to highlight shortage in the quantities received, cheques are dispatched to settle suppliers bill etc. Postage cost is also incurred for the exchange of statement of accounts; debit notes credit notes & other documents required in the transaction. , (c) Follow up cost; Follow up cost is the function of seeing that the suppliers affect deliveries on time. The Follow up function nowadays has become the foremost function of the buyers. Vendors be it small manufacturers, traders or a supplier at a distance takes little initiative in delivering the goods on time. Major portion time of the buyers, therefore, is spent in purchase follow up; pre delivery follow up & shortage chasing. Telephones, trunk calls, telegrams & telex are the aids commonly used by the buyers for the pre-delivery follow up as well as for shortage chasing. The costs on such communication Medias is yet another major element of procurement cost. (d) Costs of visits to the vendors plants: Follow up with the vendors at times requires visits by purchase personnel & therefore costs of such visits are considered towards procurement cost. (e) Expediting cost: Follow up with the vendors enables buyers to secure advance information of expected delays. Pre-delivery follow up enables buyer: > To make alternates arrangements (i.e. request other suppliers for early delivery), > To decide expedited routing of goods from suppliers. For the single-source items, the buyers in the event of delaying may have no choice but to dire expedited routing of goods. The difference between the expedited routing costs and order routing costs, if borne by the buyer too forms a part of procurement cost. (f) Operating cost of vehicles; Vehicles are employed for collection & delivery of materials from/and to the vendors, collection materials from transporters I railways godown etc. The operating cost of such vehicles should be considered (if the vehicle is exclusively used by the materials department for buying materials for local market, to chase vendors and / or to bring goods to the plant). As yet another element procurement cost. (g) Inspection &.testing: Inspection & testing costs include costs of destructive test. Too frequent purchases increase inspection costs. (h) Administrative costs; Purchase is a major function & it requires performance of number of activities. Indents are to inform the purchase department of the impending need, inquiries are floated, .quotations received, rates are compared, terms of payment are looked into and then an order is placed suppliers whose terms are attractive, progress on the order is reviewed and follow up with supplier done wherever necessary materials on arrival are checked for quantity & inspected for quality suppliers invoices are received, verified and paid for. All these activities add — up into big expenses, the salaries  being the main expense. Other related expenses of these activities are indirect wages, gratuity, bonus ESIC provident fund, depreciation on office equipment etc. SELECTIVE CONTROL: Selective control means variations in method of control from item to item based on selection basis. The criterion used for the purpose may be cost of item, critically, lead to consumption, procurement difficulties, or something else. Various classifications are employed render selective treatment to different types of materials, each classification emphasizes in of particular aspect. For example, ABC analysis emphasizes usage value (Le. consumption of items in terms of money), VED analysis considers critically, HML employs prize criterion and 8DB analysis is based on procurement difficulties. Selective control can be divided into 8 types as per table: |Classification |Criterion Employed | |1.ABC analysis |Usage value (i.e consumption per period x prize per unit) | |2. HML analysis High-Medium-Low |Unit price (i.e it doesn’t take consumption into account) | |3.VED analysis Vital-Essential- Desirable) |Critically of the item (i.e loss of production) | |4.SDE analysis (Scarce- Difficult-Easy) |Procurement difficulties. | |5.GOLF analysis (Government-Ordinary- local-Foreign) |Source of procurement | |6. SOS analysis (Seasonal-OFF-Seasonal) |Seasonal | |7. FSN analysis (Fast-Slow-Non Moving) |Issue from stores | |8. XYZ analysis |Inventory investment | ABC ANALYSIS ABC analysis underlines a yen important principle ‘vital few trivial many’. Statistics reveal that just a handful of items account for bulk of annual expenditure on materials. These items are called ‘A’ items, therefore hold the key to business. Are numerous in numbers but their contribution is less significant. ABC analysis thus tends segregate all items into three categories: A, B and C on the basis of their annual usage .The categorizations made enables us top ay the right amount of attention as merited by the items. A-items: It is usually found that hardly 5 to 10 % of the total items account for 70 to 75% to total money spent on the materials. This items required detailed and rigid control and need to be stock in smaller quantities. These items should be procured frequently, the quantity occasion being small. A healthy approach ,however, would be to enter into contract with the manufacturer of this items and have their supply in stagger lots according to pre determine programme of the buyer. This however will be possible when the demand is steady. Alternatively, the inventory can be at minimum by frequent ordering. B-items: This item are generally 10 to 15 % of the total items and represent 10 to 15% of the total expenditure on the materials. These are intermediate items. The control on this item need not be as detail and as rigid as apply to A items C-items: These are numerous (as many as 70 to 80% of the total items), inexpensive (represent hardly 5 to 10% of total annual expenditure on materials), and hence insignificant (do not required loose control) items. The procurement policy of these items is exactly the reverse of A items. Items should be procured infrequently and in sufficient quantities. This enables the buyer to avail price discount and reduce workload of the concern department. Conducting ABC Analysis To conduct ABC analysis following 6 steps are necessary: 1) Prepare the list of the items and estimate their annual consumption (units) 2) Determine unit price (or cost0 of each item. 3) Multiply each annual consumption by its unit price (or cost) to obtain its annual consumption in rupees (annual usage) 4) Arrange items in ascending order of their annual usage starting with the highest annual usage starting with the highest annual usage down to the smallest usage. 5) Calculate cumulative annual usage and express the same as cumulative usage % so express the number of item into cumulative item percentage. 6) Plot cumulative usage percentage against cumulative item percentage and segregate the item to A, B, C categories. ABC Analysis can be applied almost to all aspects of material management such as: a) Purchasing b) Receiving c) Inspecting d) Store keeping and e) Issue of store f) Verification of bills g) Inventory control and h) Value analysis etc. Purpose of A-B-C Analysis: i. To separate the pre dominant few from vast majority of items whose annual consumption is very low. ii. To avoid to cost iii. To give selective control iv. For better purchase policy to give maximum attention to A items v. For better pre-design and pre purchase analysis vi. Effective value analysis vii. Realistic market research viii. Reliable source development and ix. Better follow up |A |B |C | |Very tight control on inventory |Moderate Control |Loose Control | |Only exact requirement to be procured |More or less exact requirement |On estimated usage | |Posting of individual issues in stores card |Individual postage |Collective posting | |Continuous check on production schedule and |Broad check |Hardly any check | |revision of delivery deals | | | |Very low safety stock if possible not at all |Low safety stock Bi-Monthly ordering or quarterly|Fairly large safety stock by Ordering | |Regular expediting and follow up & reduction in |Some follow up |No follow up necessary | |lead time | | | |Very Strict consumption control |Past consumption is the base |Desirable consumption comes with less attention | |Accurate material planning needed with respect to|Past consumption is the base |Rough estimate | |forecasts. Data base should be accurate & up to | | | |date | | | |Concerted effort of cost reduction |Moderate attempts are enough |Annual Review suffices | HML ANALYSIS H-M-L Analysis is similar to ABC analysis, except for the difference that instead of usage price criterion is used, The items under this analysis are classified into three groups) which are called high, medium and low. To classify, the items are listed he descending order of Unit price the management for deciding the three categories then fixes the cut of lines. For example, the management may decide that all items of unit. Price above RS.1000 will be category, and those having unit price between Rs 100 to R. 1000 will be of ‘M’ category, and having unit price below RS. 1 00 will be of ‘L’ category. HML analysis helps to # Assess storage and security requirements e.g. high priced items like bearings, worm wheels etc. (required to be kept in cupboards). # To keep control over consumption at the departmental head level e.g. indents of high medium priced items are authorized by the departmental head after careful scrutiny of the consumption figures. # Determine the frequency of stock verification, eg. high priced items are checked more frequently than low priced items. # To evolve buying policies to cntro1 purchases. e.g. excess supply than the order quantity may be accepted for ‘H’ and ‘M’ groups While it may be accepted for ‘L’ group. # to delegate authorities to different buyers to make petty cash purchases, e.g ‘H’ and ‘M’ may be purchased by senior buyers and L’ items by junior buyers. VED Analysis VED analysis represent classification of items based on criticality. The analysis classifies the item into three groups called Vital, Essential and Desirable. Via1 category encompasses those items for want of which production would come to a halt. Essential group includes items whose stock out cost is very high and desirable group comprises of items, which d not cost any immediate loss of production. The stock these items entail nominal expenditure and cause major disruptions for a short duration. VED analysis is best suited for spare inventory. Inflict it is advantageous to use more than 1 method. E.g. ABC & VED analysis together would be helpful would be helpful for inventory control of spares. SDE – ANALYSIS SD E analysis is based on problems of procurement namely: # Non-availability # scarcity # longer lead time #Geographical location of suppliers and # Reliability of suppliers etc, S-DE analysis classifies the items into three groups called ‘Scares’, ‘Difficult’ and ‘Easy. The information so developed is then used to decide purchasing strategies. ‘Scarce’ classification comprises of items which are in short supply, imported chanalised through government agencies. Such items are best to procure once a year in lieu of effort and expenditure involved in the procedure for import. ‘Difficult’ classification includes those items, which are available indigenously but are not easy to procure. Also items which come from far off distance and for which reliable source do not exist fall into this category. Even the items, which are difficu1t to, manufacture arid only one or two manufacturers are available belong to this group. Supplies of such items require several months of advance notice. ‘Easy’ classification covers those items which are redily available. Items produced to commercial standards, items where supply exceeds demand and others which are locally available fall into this group. The SDE analysis is employed by the purchase department: (i) To decide on the method of buying. E1g. Forward buying method may be followed for some of the items in the ‘Scare’ group) scheduled buying and contract buying for Easy group. (ii) To fix responsibility of buyers. E.g.  senior buyers may be given the responsibility of ‘S and ‘D’ groups while items in ‘E’ group may be handled by junior buyers or even directly by storekeeper. G-NG-LF ANALYSIS /GOLF ANALYSIS The G-NG-LF analysis (or GOLF analysis) like SDF analysis is based on the nature of the suppliers, which deteiir1ine quality, lead-time, and terms of payment, continuity or otherwise of supply and administrative work involved. The analysis classifies the items into four groups namely G, NG, L and F. ‘G’ group covers items procured from ‘Government’ suppliers such as the STC, the MMTC and the public sector undertakings. Transactions with this category of suppliers involve long lead-time and payments in advance or against delivery. ‘NG’ (0 in GOLF analysis) group comprises of items procured from Non-Government (or Ordinal Suppliers. Transactions with this category of suppliers involve moderate delivery time, end availability of credit, usually n the range of 30 to 45 day. ‘L’ group contains items bought from ‘Local supplier the items bought from local suppliers are those which are cash purchase or purchased on blank orders.. ‘F’ group contain those items, which are purchased from ‘Foreign suppliers’. The transactions will such suppliers, # Involve a lot of Administrative and procedural work. # Require initial clearance from government agencies such as DGTD. # Necessitate search-of foreign suppliers. # Require opening of letter of credit. # Require making of arrangement for shipping and port clearance. S-OS ANALYSIS S-OS analysis is based on seasonality or otherwise of the items. The analysis classifies the item into two groups: SOS (I.e. seasonal) and OS (off scasona1). The analysis identifies items, which are: (i) Seasonal items are available only for a limited period. For example agriculture products like  raw mangoes raw material for cigarette and paper industries, etc are available for a limited time and therefore such items are procured to last the full year. (ii) Seasonal but are available throughout the year. Their prices however are lower during the harvest time. The quantity of such items requires to be fixed after comparing the cost saving due to lower prices against higher cost of carrying Inventories. (iii) Non-Seasonal items whose quantity is decided On different considerations. F-S-N Analysis F-S-N analysis is based on the consumption figures of the items. The items under this analysis are classified into three groups: F (Fast moving), S (Slow moving) and N (Non moving). To conduct the analysis, the last date of receipt or the last date of issue whichever is later taken into account. and the period usually in terms of number of months that has elapsed since the last movement is recorded. Such an analysis helps to identify: (i) Active items which require to be reviewed regularly. (ii) Surplus items whose stocks are higher than their rate of consumption and (iii) Non moving items which are not being consumed. The last two categories arc reviewed farther t decide on disposal action to deplete t stocks and their stocks and thereby release companies productive capital. Further detailed analysis is made of the third category in regard to their year-wise stocks and the items can be sub-classified. As non-moving for 2 years, 3 years, 5 years and so on. XYZ ANALYSIS X-Y-Z Analysis is based. on value of the stocks on hand (i.e. inventory investment); Item whose inventory values are high are called X items while those whose inventory values are low are called Z items, Y items are those, which have moderate inventory stocks. Usually X-Y-Z analysis is used in conjunction with either ABC analysis or HML analysis.; ‘.X-Y-Z analysis when combined with- ABC analysis is used as under. |Class of Item |A |B |C | |X |Efforts to be made to reduce stock to Z|Effort to be made convert them to Y |Steps to be taken dispose of surplus | | |category. |category |stocks | |Y |Efforts to be made to convert to Z | |Control may be further tightened | | |category | | | |Z | |Stocks levels may be reviewed | | Basic (Wilson) EOQ model with infinite replenishment rate. Assumptions underlying the EOQ model: 1. The demand of the item occurs uniformly over the period at the known rate. 2. The replenishment of the stock is instantaneous. 3. The time that elapses between the placing a replenishment order & receiving the item into stock, called lead-time is zero. 4. The price per unit is fixed & is independent of the order size. 5. The cost of placing an order & process the delivery is fixed & does not vary with the size. 6. The inventory carrying charges vary directly & linearly with the size of the inventory as is expressed as a percentage of average inventory investment. 7. The item can be produced in quantities desired there being no restriction of any kind. 8. The item is fairly long shelf life, there being no fear of deterioration of spoilage. Nowadays an EOQ technique is not much in sue because an open order with delivery schedule can be placed on a supplier for all future periods. This keeps down the purchasing cost. With the availability of computer links (networking techniques/email etc.) between the buyer & the supplier there is no need to physically raise a purchase order, avoiding major purchasing cost. At the same time computer helps in ensuring Just-In-Time inventory. Limitations of EOQ The assumption listed above may not come true in real life situations, thus limiting the use of model. Price of material may not remain same throughout the year. Availability of materials is another constraint material will have to be purchased at the same time at which is available. There can be delay in real situation in placing orders since many times the calculated EOQ is an inconvenient number and some time is wasted in taking decision for rounding off this number. In real situations suppliers receive in irregular. Availability of materials is another constraint material will have to be purchased at the time at which is available. There can be delays in real situation in placing orders since many times the calculated EOQ is inconvenient number and some time is wasted in taking decision for rounding off this number. In real situations suppliers  receive an irregular stream of orders since the use of EOQ usually leads to orders at random points. If suppliers are allowing discounts and if quantities are purchased above a particular level, the discount will also have to be taken into consideration for fixing the ordering quantity. Also purchasing costs are nowadays reduced to a great extent because of computer links between buyer and seller. So in practice purchasing cost and inventory carrying cost are not exactly opposite to each other. Often the inventory carrying cost and purchasing cost cannot be identified accurately and sometimes cannot be even identified properly. Replenishment Systems: One of the jobs of the materials department is to ensure uninterrupted supply of materials to the production department. To accomplish this task, the materials department has to monitor the stock levels and place order regularly. Two questions that arise are- 1. When to place an order? & 2. What quantities to order? Two main systems are followed for the same. 1. Fixed order quantity system 2. Fixed order interval system Each system has certain conditions, which govern the circumstances of its use. Fixed order quantity system (Q-system of Inventory): Here the quantity to be ordered is worked out as the economic order quantity (EOQ), and the minimum stock level is also worked out. When the stock in hand reaches this level, an order is placed for a quantity equals to the EOQ. Features of fixes-order-quantity system: a) Reorder quantity is always the same, which is equal to the EOQ. b) The time interval between the orders varies. c) Reordering is done when the stock in hand is equal to safety stock plus the lead time consumption (this is known as the reorder level). d) Average inventory is equal to safety stock + Q/2. e) Maximum inventory will be equal to the safety stock + Q. f) Minimum inventory equals the safety stock. g) This system is normally used for items of lower value where orders are placed infrequently and the lead time average consumption etc. is fairly constant. To operate this system it is necessary to post the receipts and issues on the material card and a book stock worked out regularly. The reorder level is normally shown on the top right hand corner of the card; so that the book stock comes down to this level an order can be initiated. To simplify this system many firm use a two-bin system one is the main-bin & the other is reserve-bin. The stock in reserve bin equals the reorder level. When the main bin is empty it indicates an order has to be placed for the said item. Important formulae: 1. Fixed order quantity system: Reorder level = safety stock + lead time consumption Reorder quantity = Q Maximum inventory = Q + safety stock Minimum inventory = safety stock Average inventory = Q/2 + safety stock Total cost of ordering = no. of orders x cost per order = Annual consumption x cost per order Cost carrying inventory = average inventory x cost per unit x inventory carrying cost Total cost of managing the inventory = cost of ordering + cost of carrying. Fixed order interval system (P-system of Inventory): Under this system the stock in hand is reviewed at periodic intervals and an order is placed for which vary with the stock in hand, the review period is decided by the management and the consumption during this review period, and lead time consumption is worked out. The quantity ordered is decided depending on the stock in hand, so that the order quantity and the stock in hand will take care of the requirements till the next review period plus the lead time consumption plus the safety stock. Features of fixed-order-interval system: a) The interval between two orders is fixed. b) The maximum level (basic parameters of the system) is equal to review period consumption. Lead time consumption + safety stock. c) Reorder quantity equals the maximum level (as worked out above) minus the stock in hand plus stock on order. d) Average inventory equals safety stock + lead time consumption/2. e) Maximum inventory equals safety stock + lead time consumption. f) This system is used for high consumption value items (A category) needing a strict control. Reestablishment where large numbers of items are produced and a continuous sale is made as to follow such a system. Important Formulae: Maximum level (basic parameters) = Review period consumption + lead time consumption + safety stock. Reorder quantity = Max level – (stock in hand +stock on order). Maximum inventory = safety stock + lead time consumption. Average inventory = safety stock + lead time consumption/2 Total cost of managing the inventory = cost of ordering + cost of carrying. Problem based on fixed order interval system: The monthly consumption of a unit costing Rs. 400 the order cost is Rs. 36, and the inventory carrying cost is 1.5% p/m. if the review period = lead time = one month and the safety stock maintained is half the review period. 1. Fix the necessary parameters to operate a fixed order interval system. 2. What will be reorder quantity if the stock during the first reviews of 650 units. 3. What will be the reorder quantity if the stock during the second review is 200 units and also it is given that the order placed earlier has not yet been received. Given: Review period = lead time = 1 month. Review period consumption = lead time consumption =400 units. Safety stock =  ½ month’s consumption = 200 Necessary parameters (maximum level) = review period consumption + lead time consumption +safety stock = 400 + 400 + 200 = 1000 units. During the first review, The reorder quantity = maximum level – stock in hand =100 – 650 =350 units. During the second review, The above ordered quantity is still not received, hence Reorder quantity = maximum level – (stock in hand + stock on order) = 100 – (200 + 350 ) = 1000 – 550 = 450 units. Factors that influence the level of safety stock: a) Category of item: In case of ‘A’ category items where a better control is exercised it may not be required to keep a high level of safety stock. In addition to this a high level of safety stock and high value of consumption item will also increase the inventory carrying costs. b) Lead-time: Normally longer the lead time more is the chances of fluctuation and hence more is the requirement of safety stock. c) Number of suppliers: In case there are a number of suppliers available for an item, it is not necessary to keep high level of safety stock as any stock out situation can be handled easily from alternate sources of supplies. d) Criticality of an item: Safety stock for critical items needs to be high e.g. in case of packing materials the safety stock need to be high as stock cut in packing material will affect the delivery of finished goods to the customers, but in case of lubricants where lubrication can be delayed safely by a few days a lower safety stock can be maintained. e) Availability of substitutes: Lesser safety stock can be kept for items where substitutes are available easily. f) Possibility makes the item in-house: If it is possible to make an item in-house at a short notice on case of emergency. A lower safety stock will suffice. g) Risk of obsolescence or deterioration: It is better to have lower safety stock for items where the cost of deterioration is higher than the cost of no stock situation. h) Space restrictions: Restrictions in the storage space is another factor influencing the safety stock levels. i) Stock out cost/management policy: The cost of stock out and the management’s decision to allow stoppage of production due to no stock situation (depending upon the market and company’s financial conditions) also influence the decision on the safety stock levels. Service level The amount of safety stock needed to determine by the service level desired by their company. The service level id probably that amount of inventory had during the lead time is sufficient to meet expected demand – i.e. the probability that a stock out will not occur, a service level of 90% means their id’s 90 probabilities that demand will be met during lead time. Service level (SL) is the ratio of the no. The units delivered without the delay to the no. of units demanded. Thus, SL = No. of units delivered without delay / No. of units demanded. SL = No. of units demanded – No. of units short / No. of units demanded. SL Range: 0 < SL < 1 I.e. SL = 0 means complete delivery failure. SL = 1 means 100% service (No shortages) SL is expressed as a%. i. Percentage of stock outs = SL = No. of order periods when stocks were zero / Total No. of order periods x 100 This is indicative of the probability of being out of stock while awaiting a supplier’s delivery and is, therefore independent of the order size. ii. Percentage of stock outs = SL = No. of working days in which stocks were zero / Total no. of working days x 100 This ratio is a measure of the probability of being out of stock during the year. iii. Percentage of stock outs = SL = No. of units / No. of units demanded x 100 This ratio would show the average potential sale lost. Service Level is a target specified by management defined in terms of, a. Order Cycle Time b. Cash Fill Rate c. Line Fill Rate d. Order Fill Rate e. Any Combination of These. a) Order Cycle Time (Performance Cycle of Lead Time): The performance cycle is the elapsed time between the release of a purchase order by a customer and the receipt of the corresponding shipment. b) Case Fill Rate: It defines percentage of cases or units ordered that can be shipped or requested e.g. a 95% case fill rate indicates that, on average, 95% cases out of 100 could be filled from available stock. The remaining 5 cases would be back – ordered or deleted. c) Line Fill Rate: It is the percentage of order lines that could be filled completely. Each line on an order is a request for an individual product. So at order may have multiple lines e.g. when a customer order is received requesting 80 units of product A and 20 units of product B, the order contains 100 cases and two lines. If there are only 75 units of product A available and all 20 of product A, the case fill would be 955 (75 +20) / (80 + 20) and the line fill would be 50%. d) Order Fill Rate: It is the percentage of customer orders that could be filled  completely. In the example above, the order could not be completely filled, so the resulting order fill would be zero. The inventory function is a major element of the logistics process that must be integrated to meet service objectives. While a traditional approach is achieving a higher service level is to increase inventory, other approaches include use of faster transportation modes, better information management to reduce uncertainty, alternative sources of supply. While it is the task of overall logistics management to meet the prescribed service objectives inventory management plays a particular key role. Inventory Policy: Inventory policy consists of guidelines concerning †¢ What to purchase or manufacture †¢ When to take action †¢ In what quantity It also includes decisions regarding inventory positioning and placement at plants and at distribution centers. E.g. †¢ Some firms may decide to postpone inventory positioning by maintaining stock at the plant. †¢ Other firms may choose to place more products in local distribution centers i.e. nearer to market. Another inventory policy element concerns inventory management strategy. One approach is to manage inventory centrally. This requires more coordination and communication. Average inventory: Average inventory consists of the materials, components, work in progress and finished products typically stocked in logistical facilities. From a policy viewpoint, the appropriate level of average inventories include:- a) Cycle inventory or base stock or lot size stock: It is the portion of average inventory that results from replenishment process. At the beginning of a performance cycle, stock is at a minimum level. Daily customer demands â€Å"draw off† (consumes) inventory until the stock level reaches zero. Prior to this, a replenishment order is initiated so that stock will arrive before a stock-out occurs. The replenishment order must be initiated when available inventory is greater than or equal to the customer demand during the performance cycle time. The amount ordered for replenishment is called the order quantity. The average inventory held as a result of the order process is referred to as Base Stock considering only the order quantity: Cycle inventory or base stock or lot size stock = Order Quantity / 2 b) Safety Stock Inventory: The second part of the average inventory is the stock held to protect transit the impact of uncertainty on each facility. This portion of inventory is called safety stock. It is used only at the end of replenishment cycles when uncertainty has caused higher than expected demand or longer than expected performance cycle times. Average Inventory = Order Quantity + Safety Stock / 2 c) Transit Inventory or Pipeline Inventory: It is the stock that is either moving or awaiting movement in transportation vehicles. Transit Inventory is necessary to achieve order replenishment. From a logistics management perspective, transit inventory introduces two sources of complexity into the supply chain. i. It represents real assets and must be paid for even though it is not accessible or usable. ii. There has typically been a high degree of uncertainty associated with the transit inventory because shippers were unable to determine where a transport vehicle was located or when it was likely to arrive. Increase focus on small order amounts, more frequent order cycles. JIT strategies have resulted in transit inventory becoming a larger percentage of total inventory assets. Ownership of Transit Inventory †¢ If transferred at destination: It is not owned by consignee. †¢ If transferred at origin: It is owned by consignee. Just In Time (JIT) JIT is a Japanese management philosophy, which has been applied in practice since the early 1970’s in many Japanese manufacturing organizations. It was first developed and perfected within the Toyota manufacturing plants by Taiichi Ohno as means of meeting consumer demands with minimum delays. Taiichi Ohno is frequently referred to as the father of JIT Toyota was able to meet the increasing challenges for survival through an approach that focused on people, plants and systems. Toyota realized that JIT would only be successful if every individual within the organization was involved and committed to it, if the plant and processes were arranged for maximum output and efficiency, and if quality  and production programs were scheduled to meet demands exactly. JIT manufacturing has the capacity, when properly adapted to the organization to strengthen the organization’s competitiveness in the market place substantially by reducing wastes and improving product quality and efficiency of production. There are strong cultural aspects associated with the emergence of JIT in Japan. The Japanese work ethic involves the following concepts. †¢ Workers are highly motivated to seek constant improvement upon that which already exists. Although high standards are currently being met, there exist even higher standards to achieve. †¢ Companies should focus on group effort, which involves the combining of talents & sharing knowledge, problem-solving skills, ideas & the achievement of a common goal. †¢ Work itself takes precedence over leisure. It is not unusual for a Japanese employee to work 14 – hour a day. †¢ Employees tend to remain with one company throughout the course of their career span. This allows the opportunity for them to hone their skills & abilities at a constant rate while numerous benefits to the company. †¢ These benefits manifest themselves in employee loyalty, low turnover costs & fulfillment of company goals. From above it is very clear what it needs to implement JIT successfully. In fact it also suggests the critical reasoning behind the fact that why in India JIT is not 100 percent followed. One more significant thing to be considered here is the correct interpretation of JIT. JIT is more of a manufacturing & waste elimination philosophy than commodity purchasing technique. It originally referred to the production of goods to meet  customer demand exactly, in time, quality & quantity, whether the customer is the final purchaser of the product or another process further along the production line. It has now come to mean producing with minimum waste. Waste is taken in its most general sense & includes time & resources as well as materials. There are seven types of waste namely: †¢ Waste from overproduction †¢ Waste of waiting time †¢ Transportation waste †¢ Processing waste †¢ Inventory waste †¢ Waste of motion †¢ Waste from product defects Elements of JIT System Successful JIT system is the logical outgrowth of the combination of the following practices: †¢ Continuous improvement †¢ Attacking fundamental problems – anything that does not add value to the product †¢ Devising systems to identify problems †¢ Striving for simplicity – simpler systems may be easier to understand, easier to manage & less likely to go wrong †¢ A product – oriented layout produces less time spent in moving of materials & parts †¢ Quality control at source – each worker is responsible for the quality of their own output †¢ Poka-yoke – full proof tools, methods, jigs etc. to prevent mistakes †¢ Total productive maintenance – ensuring machinery & equipment functions perfectly when it is required, & continually improving it †¢ Good housekeeping – workplace cleanliness & organization †¢ Set up time reduction – increases flexibility & allows smaller batches †¢ Ideal batch size is 1 item per batch, i.e. single piece flow †¢ Multi-process handling – a multi-skilled workforce has greater productivity, flexibility & job satisfaction †¢ Leveled/mixed production – to smooth the flow of products through the factory †¢ Kanbans-simple tools to ‘pull’ products & components through the process †¢ Jidoka (Autonomation) – providing machines with the autonomous capability to use judgment, so workers can do more useful things than standing watching them work †¢ Andon (trouble lights) – to signal problems to initiate corrective action Benefits of JIT Systems JIT system has a number of benefits, few major are mentioned below: †¢ Reduced levels of in-process inventories, purchased goods, & finished goods. †¢ Reduced space requirements †¢ Increased product quality & reduced scrap & rework †¢ Reduced manufacturing lead times †¢ Greater flexibility in changing the production mix †¢ Smoother production flow with fewer disruptions †¢ Worker participation in problem solving †¢ Pressure to build good relationships with vendors †¢ Increased productivity levels & utilization of equipment’s It can be said in summary that JIT is the management philosophy, which emphasizes on the waste elimination as well as vendor integration to create certainty in the material planning process, which ultimately results into no inventory, & hence inventory control means to follow JIT. VENDOR MANAGED INVENTORY (VMI) VMI can be defined as: It is a streamlined approach to inventory & order fulfillment. With it, the supplier & not the retailer, is responsible for managing & replenishing inventory using an integral part of VMI, i.e. EDI, by electronic transfer of data over a network. It can also be seen as a mechanism where the supplier  creates the purchase orders based on the demand information exchanged by the retailer/customer. Vendor Managed Inventory (VMI) is basically evolved to facilitate the operations at retail stores. It involves a continuous replenishment program that uses the exchange of information between the retailer & the supplier to allow the supplier to manage & replenish merchandise stock at the store or warehouse level. In this program, the retailer supplies the vendor with the information necessary to maintain just enough merchandise stock to meet customer demand. These enable the supplier to better project & anticipate the amount of product it needs to produce or supply. The manufacturer has access to the supplies inventory data & is responsible for generating purchase orders. VMI was first applied to the grocery industry, between companies like Procter & Gamble (supplier) & Wal-Mart (distributor). But if applied properly, VMI can provide the benefits of smoother demand, increased sales, lower inventories & still reduced costs of lost sales to the other industries. JUST IN TIME (JIT) – II VMI results into outsourcing of the inventory planning activity to the suppliers whereas JIT-II goes a step ahead where supplier manages the complete production plans. LANCE DIXON ther father of JIT 2 describes it as-: â€Å"This is the ultimate partnership program for the compatible customers and suppliers, because it is the next logical step in the application of the management cycle to the value cahin through management of time within the supply chain. It represents the use of alignment and mobilisation of strategies with suppliers using in-plant vendor representatives to achieve breakthrough changes†. JIT systrem was based upon the synchronised planning between the buyers needs and suppliers porduction capabilities.JIT 2 can be reagrded as a major catalyst for the productive change across organistions and qualifies a key component of the macro logistics management model.In other words, we can say that JIT system assures the uninterrupted incoming material supply as per demand , whereas the JIT 2 ensures the uninterrupted production from manufacturing lihnes. Infact JIT-2 eliminates the need for the sales planning activities for sipplier organisation and the puirchasing and planning actrivities from the buyer organisation,which were carried out independently. Bioth activitiea are carried out simultaneously in JIT-2 environment this results into more integrated and realistic plans to enable achieving targets It is based upon a mutual trust realtionship where the supplier represenataive is empowered to use the company’s purchase oreders to place orders, which in theory replaces the purchaser and the supplier’s sales person .In practice the supplier representative is brought into the plant on a full time basis. This person is allowed to attend any product design meetings for his product and has full accesss to all relevant facilities, personnel, and data. Purchasing staff is freed up from all the paper work and administartive tasks, allowing them toi cultivate other skills such as negotitiating and sourcing. PO placements and communication is improved;time is saved; material cost reduction is realized. JIT-2 provides a natural foundation for the EDI, effective paper work and administrative savings. Material costa re reduced on an ongoing basis. Supplier personnnel work onsite and perform various planning and buying aswell. Because supplier personnel interface daily, increased insight leads to fewer schedule change surpirises. This results in reduced inventory as the supplier plans directly from the customers MRP system on real time basis. JIT-2 brings considerable technical knowledge and support onsite involves purchasing to design and engineering. Supplier inplant reperesntatives aer empowered with the combined authority of the materials planner, buyer and supplier, resulting in a uniquely effective and empowered support role. Another advantage of JIT-2 to the supplier is that they usually get â€Å"EVERGREEN CONTRACT† which means n o end dates and rebidding.Coupled with EDI links and information technology exchanges, which arfe a p[art of the overall logistics packages, the JIT-2 concept can offera supplier a very serious strategy advantage. BENEFITS OF EDI: †¢ Increased internal productivity through faster information transmission as reduced information entry redundancy. †¢ Better accuracy by reducing the number of times and individuals involved entry. †¢ Improved channel relationships. †¢ Increased external producvtivity. †¢ Increased ability to compete internationally. †¢ Decreased operating cost through: a)Reduced labour and material costs associated with printing,mailing, and paper based transactions. b)Reduced telephone,fax, and telex communications. c)Reduced clerical cost. PERSONAL COMPUTERS: Pcs are influencing logistics management in three ways: 1. Low cost and high portability wih a capability of bringing accurate information to the decision maker whether in offfice at he warehouse. âÅ"“ Which markets to serve âÅ"“ Which product to pick next in thw warehosue âÅ"“ Driver reporting and delivery information. âÅ"“ Reporting vehicle location âÅ"“ Identifying lowest-cost fuel stop. 2)Repsonsiveness and flexibility offered by decentralised PCs enable more for service capabilities. The use of local area networks (LANs) wide arear network (WAN) and client/server architecture offers benefits of decnetralized responsiveness, flexibility, and redundacy while providing data integrated throughout the enterprise. LAN is a network of PCs that use phone lines or cable to commuinicate and resources such as storage and printers. LAN is resticted to relativiely geographical locations such as an office and warehouse, WAN operates across a wide geography; while the architecture uses the decnetralized processiing  power of PCs to provide LIS operation flexibility. Server is a large computer that allowes commom data ot be shared by a numvber of users. Client implies network of PCs that access the data and manipulate them in different ways to provide extensive flexiblity. The client/server network can globally track inventory in motion, provide shipment informatio to the customers when desired and also facilitate decisions regarding facility location, invenrotry analysis, routing and scheduling. ARTIFICAIL INTELIGENCE (AI): AI descrivbes technologies aimed at making computers imitate human reasoning and are concerned with symbolic reasonings rather than numeric processing. The applications of AI are : ââ€" ª Carrier selection. ââ€" ª International marketing and logistics ââ€" ª Inventory Management ââ€" ª Information system design COMMUNICATIONS: Historically logistics activities had a distinc disadvantage since they involved movements in either a transport ot material handling vehicle or were very decntralized. But nowadays information technology has significantly enhaced logistics perofrmance through faster and widespread communication. Applicatgion of Radio frequency (RF), satellite communcaitions, and image processing technologies has overcome the problems caused by porduct movement and geographical decentralization. RADIO FREQUENCY TECHNOLOGY: RF technology is used within relatively small areas, such as ditribution , to facilitate two-way information exhange. The applications are in: âž ¢ Real time communications with material hanlders such as forklift drivers and order selectors. âž ¢ Updating instructions and priorities to forklift drivers on real time basis. âž ¢ Two-way commuincations of warehouse selection instruction, warehouse cycle count verifaiction and label prinintg for guiding package movement. Satellite Commuincations: Satellite communication is used for providing a fast and high – volume channel for information movement around the globe. THE applications are as follows: âÅ"“ Communications dishes on the top vehicles allow commuinations between drivers and departures. âÅ"“ Provides uptodate infoormation regarding location and delivery and allows departures to redirect trucks in repsonse to need or traffic congestion. âÅ"“ Used by retail chains to transmit quickly daily sales bac to the headquarters that help in activating store replenishment and also to provide input to marketing regarding local sales pattern. POOR INVENTORY MANAGEMENT: It Exhibits the following characteristics: 1.An increase in the number of back-orders,indicating too many stockouts. 2.A constant number of back orders,but rising inventory investment. 3.A higher than normal customer turnover. 4.A increasing number of cancelled oreders from customers or intermediairies. 5.Insufficeicnt storage space for too much inventory. 6.An increase in the number and RUPEE value of obsolete products. All these symptoms have a large finanical impact on the firm | | |INVENTORY PLANNING METHODS | |FAIR SHARE ALLOCATION | |DISTRIBUTION REQUIREMENT PLANNING (DRP) | Fig7 .2 Inventory planning methods FAIR SHARE ALLOCATION: It is a simplified inventory management method that provides each ditribution facility with an equitable or fair share of available inventory from a common source such as a plant warehouse. Fig 7.3: Fair Share Allocation The figure under reference indicates current inventory level, and daily requirements for three distribution centres served by a common plant warehouse. Using fair share allocation rules, the inventory manager determines the amount of inventory that can be allocated to each distribution centre from the available inventory at the plant warehouse. Assume that from a total inventory units of 600, (see Fig.7.2) it is desirable to retain 100 units at the plant warehouse; therefore 500 units are available for the allocation. The calculation to determine the number of day’s supply is done as shown below. DS= A + I/O where DS= No. of days supply for distribution centre inventories. A= Inventory units to be allocated from the warehouse. I= Inventory in units for distribution centre J. D= Daily demand for distribution centre J. In the above example, DS = 500 + (50 + 100 + 75 )/ (10 + 50 + 15) = (500 + 225 )/ 75 = 9.67 days Thus, the fair share allocation means that each distribution centre should be brought unis to 9.67 days stock. The amount to be allocated to each distribution centre is determined by the expression: A = (DS – I/D) x D Where A= Amount allocated to distribution centre J DS = Day’s supply that each distribution centre is brought up to. I= Inventory in units for distribution centre J. D = Daily demand for distribution centre J. Thus the amount allocated to distribution centre 1 in the above example will be: A = (9.67 – 50/ 10 ) x 0 = (9.67 – 5) x 10 = 4.67 x 10 = 46.7 (rounded 247 units) The allocation for distribution centers 2 and 3 can be determined similarly as 38 and 70 units respectively. The key feature of  the fair share allocation method is that it coordinates inventory level across multiple sites. It’s limitation lies in the fact that it does not consider site specific factors such as difference in performance cycle, time , economic order, quantity or safety stock requirement. Hence, the major limitation is the inability to manage multi stage inventories. DISTRIBUTION REQUIREMENT PLANNING: DRP is the logical extension of manufacturing requirements planning ,MRP determined by production schedule that can be controlled by the enterpreise and generally operates in a dependent demand situation. DRP is guided by customer demand which are not controllable by the ebetrprise and operates in an independent environment where uncertain customer demand determines inventory requirements. Manufacturing requirements planning coordinates to scheduling an integration of materials into finished products. DRP takes over the responsibility of coordination once the finished goods are received in the plant warehouse. Constraints to the effectiveness OF INVENTORY PLANNING: 1. Requires accurate and cordinated forecasts for each distribution centre. 2. Requires forecasts for each distribution centre and SKU as well as adequate lead time to allow product movement. 3. The errors in forecast may exist because of prediction of demand at wrong location ———————– Distribution Centre 1 Inventory- 50 units Daily use- 10 units Plant Warehouse : Inventory-600 units Distribution Centre 3 Inventory- 75 units Daily use- 15 units Distribution Centre 2 Inventory- 100 units Daily use- 50 units