...MAKERERE UNIVERSITY MAKERERE UNIVERSITY BUSINESS SCHOOL FACULTY OF MARKETING AND INTERNATONAL BUSINESS IMPACT OF INVENTORY MANAGEMENT AND PROFITABILITY OF A COMPANY A CASE OF KK FOODS EXPOTORS LIMITED AMANYA AMOS 12/U/15971/EVE SUPRRVISED BY ATUGONZA FAITH A RESEARCH REPORT SUBMITTED TO MAKERERE UNIVERSITY BUSINESS SCHOOL IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE OF BACHELOR OF INTERNATIONAL BUSINESS OF MAKERERE UNIVERSITY APRIL, 2015 DECLARATION I declare that this research report is my original work compiled from my personal exposure in the stated fields and never previously submitted by anyone to any other university or institution for any award. Signature..…………………………… Date……………………………… AMANYA AMOS 12/U/15971/EVE APPROVAL This research report by Amanya Amos has been submitted for examination with my approval as her academic supervisor. Signature..………………………… Date……………………………… ATUGONZA FAITH (ACADEMIC SUPERVISOR) DEDICATION This work is dedicated to all my family members who have worked so hard to educate me. My the lord bless them ACKNOWLEGMENT To begin with, I thank the Lord Almighty for having blessed me with all that I have always needed in my life, and seeing me through up to this level that I have reached. I owe special thanks to KK Foods Exporters limited to be attached to their organization. I really have to owe special thanks to my mother Mrs.Baguma Beatrice, my sisters patience Penelope and Kobusinge...
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...Supply Chain in the Food Industry by Abdelrahman Ahmed El-Hefny Bachelor Thesis submitted to the Operations Department at the Faculty of Management & Technology German University in Cairo Student registration number: 16-1841 Date: 29th May 2012 Supervisor: Professor Dr. Ehab Yaseen Table of Contents Table of Contents ............................................................................................................. ii Table of Tables ................................................................................................................ iv Table of Figures ................................................................................................................ v Abbreviation List ............................................................................................................. vi 1 Introduction .............................................................................................................. 1 2 Literature Review ..................................................................................................... 3 2.1 Overview on the Supply Chain..................................................................... 3 2.1.1 Definition of the Supply Chain......................................................... 3 2.1.2 Types of Supply Chain ..................................................................... 4 2.1.3 Supply Chain Processes ..........................................
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...with economic growth, while high inflation can signal an overheated economy. As an economy grows, business and consumers spend more money on goods and services. In the growth stage of an economic cycle, demand typically outstrips the supply of goods, and producers can raise their prices. As a result, the rate of inflation increases. If economic growth accelerates very rapidly, demand grows even faster and producers raise prices continually. An upward price spiral, sometimes called “runway inflation” or “hyperinflation”, can result. The inflation syndrome is sometimes described as “too many dollars chasing too few goods:” in other words, as spending outpaces the production of goods and services, the supply of dollars in an economy exceeds the amount needed for financial transactions. The result is that the purchasing power of a dollar declines. In general, when economic growth begins to slow, demand eases and the supply of goods relative to demand. At this point, the rate of inflation usually drops. Such a period of falling is known as disinflation. DEFINITION: True inflation begins when the elasticity of supply of output in response to increase in money supply has fallen to zero or when output is unresponsive to changes in money supply. When there exists a state of full unemployment, the conditions will be clearly inflationary, if there is increase in supply of money. But we don’t subscribe to the classical view that when there is full employment we can say that money supply...
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...5/3/2014 Topic Outline MARKETING ENVIRONMENT Principles of Marketing Lecture 2 Scanning the marketing environment Components of the marketing environment. Impact of the macro-environment. Impact of the micro-environment. Marketing Environment • Scanning the Marketing Environment Companies scan the marketing environment in order to change and adapt their marketing strategies – as it provides opportunities and threats. In doing this companies must be proactive, It is pointless to conduct environmental scanning unless marketing strategies are changed to fit with the environment. A company’s marketing environment consists of the actors and forces outside marketing that affect marketing management’s ability to build and maintain successful relationships with target customers. 1 5/3/2014 Components of the Marketing Environment Macro-environment Micro-environment Macroenvironment: Demographic Changing age structure of the population Changing family structure The larger societal forces The forces close to the that affect the whole company that affect its ability to serve its customers: microenvironment: Political Company Economic Competitors Demographic Suppliers Cultural Marketing Intermediaries Technological Customers Natural Publics Increasing diversity Better-educated, more white-collar, more professional population Geographic shifts in population Macroenvironment: Demographic Demography: The study of human population in terms of...
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...convenience and habit which in returned is hard to change. Over the years majority consumers have realized that their purchasing behaviour has a direct impact on many ecological problems (Laroche, 1996). The growth of organic agriculture is seen as part of the emerging marketing trends where consumers demand to know what benefits a food could deliver before making a purchasing decision, consumers tend to seek for “Natural aspect” of the Food products, as well as their effects on Environment. On the other hand, the healthy issue is becoming one of the prior concerns of consumers in purchasing products, especially when it comes to food. This factor is appeared as the main driving force for consumers to purchase organic food (Yin et al., 2010). According to Jia et al. (2002) food is categorized as “organic” if the product does not contain artificial synthesized fertilizers, pesticides, livestock, growth regulators and poultry feed additives. A variety of agricultural products can be produced organically, including produce, grains, meat, dairy, eggs, and processed food products. "Organic" does not mean "natural." There is no legal definition as to what constitutes a "natural" food. However, the food industry uses the term "natural" to indicate that a food has been minimally processed and is preservative-free. Natural foods can include organic foods, but not all natural foods are organic.In recent decades, the global organic market has been expanding in accordance to the increase of its...
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...A Study on Impact of Packaging on Rural Consumer Buying Behaviour Towards FMCG Products in Bhopal (M.P) Imran Mehraj Dar Research Scholar in Management Studies Barkutallah University,Bhopal,(M.P) Imranmehraj.dar@gmail.com ABSTRACT In the ever increasing competition of today's global market the need for effective product promotion is crucial, and the product packaging has come to play a more important role as a brand communication vehicle. To achieve communication goals effectively, knowledge about consumer psychology is important so that manufacturers understand consumer response to their packages. This paper aims to investigate the impact of packaging on Rural Consumer buying behaviour towards FMCG products. The challenge for researchers is to integrate packaging into an effective purchasing decision model, by understanding Consumer’s behavior towards the packaging of FMCG products When consumers search for and process information in-store, the product's package can contain relevant and useful information for the consumer. Product packaging forms the end of the 'promotion-chain' and is close in time to the actual purchase and may therefore play an important role in predicting consumer outcomes. Packages also deliver brand identification and label information like usage instructions, contents, and list of ingredients or raw materials, warnings for use and directives for care of product. Packaging characteristics are being measured such as various sizes of Package, different...
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...TABLE OF CONTENTS CHAPTER ONE 1 PROJECT OBJECTIVES AND RESEARCH APPROACH 1.1 OVERVIEW OF NIGERIA FOOD SERVICES INDUSTRY ………………………………….4 1.2 OVERVIEW OF MR BIGG’S ……………………………………………………....................4 1.3 OVERVIEW OF TANTALIZERS ………………………………………………………………….5 1.4 RESEARCH MOTIVATION ………………………………………………………………….......5 1.5 STUDY OBJECTIVE AND RESEARCH QUESTIONS ………………………………………5 1.6 RESEARCH APPROACH ………………………………………………………………………….5 CHAPTER TWO 2 INFORMATION GATHERING AND TECHNIQUES USED 2.1 SOURCES OF INFORMATION……………………………………………………………………6 2.2 METHODS OF INFORMATION GATHERING …………………………………………………7 2.3 LIMITATIONS OF INFORMATION GATHERING ......…………………………………………7 2.4 ACCOUNTING ANALYSIS TECHNIQUES 2.4.1 FINANCIAL RATIO ANALYSIS ………………………………………………………………………………7 2.4.2 GRAPH CHARTS……………………………………………………………………………………………….7 2.5 BUSINESS ANALYSIS MODELS 2.5.1 PEST FRAMEWORK....……………………………………………………………….............................9 2.5.2 PORTER’S FIVE FORCES MODEL ....…………………………………………………………………….9 CHAPTER THREE 3 DATA PRESENTATION AND ANALYSIS 3.1 DATA PRESENTATION ……………………………………………………………………………10 3.2 FINANCIAL ANALYSIS 3.2.1 PROFITABILITY ………………………………………………………………………………………………..11 3.2.2 LIQUIDITY ………………………………………………………………………………………………………13 3.2.3 EFFICIENCY ……………………………………………………………………………………………………...
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...management is the word coined for the effective management of all the partners and the information disseminated between them. Take an example of Dell computers, Micheal Dell cant built his business just by selling the computers to the customers, but he need to see the complex problems of the customers and solve these problems through just in time manufacturing of the product, then how to minimize the wastage in the production then to evaluate what customers are doing and how they can make their production efficiently (NYT 2010), as the manufacturer cannot sell the product at the higher prices than the competitors are selling but through effective management you can actually reduce the cost, so concisely he need to be a master of supply chain management. Before supply chain management there was effective inventory control system exist but due to some pit falls like; no supply chain metrics, inadequate definition of customer service, , organizational barriers, inaccurate delivery status data, simplistic inventory stocking policies, inefficient information systems, ignoring the impact of uncertainties, and an incomplete view of the supply chain (Teigen 1997). There is a need for another system that have all the competences to deal with all these problems, so the supply chain management is evolved which is not only efficient and effective but also have a good collaborative and communication strategies. Then the evolution of supply chain management activities is started and up till now six...
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...LARGE BUSINESS 3 McDonald’s 3 Business Model 3 Mission Statement 4 Vision 4 SWOT Analysis 4 Learning Outcome 1: Understand the nature and the importance of Operations Management 8 1.1 The importance of operational management 8 Examples of operations management in McDonald’s 9 1.2 Assess the operations management in terms of production of goods and services safety, on time, low cost, quality and within the law 11 Production of goods and services safely 11 Production of goods and services on time 12 Low cost 12 Quality and within the law 13 1.3 Significance of links between operation management and strategic planning 14 1.4 Operations management system diagram 17 2.1 The impact of “Three E’s” (Economy, Efficiency and Effectiveness) make on operations management 18 Economy 18 Efficiency 18 Effectiveness 19 2.2 Identify any measure adopted for cost minimization and quality maximization 19 Measures for cost minimization and quality maximization 21 2.3 Evaluation of the significance of the five performance objectives 22 Learning Outcome 3: Understand how to organise a typical production process 25 3.1 How linear programming can assist to make operations management more effective 26 3.2 Compare and contrast critical path analysis and network planning 30 Critical path analysis and network planning 30 3.2 Mechanism of operational planning and control 32 3.3 Why is operational planning and control necessary 32 3.3...
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................................................................................................................. 4 Major Segments in FMCG Sector ...................................................................................................................... 6 Competitive landscape ...................................................................................................................................... 7 Supply & Demand and-side Drive .................................................................................................................... 9 Porters‘ Five Force Model .............................................................................................................................. 11 Critical Success Factors .................................................................................................................................. 12 Environmental scanning (PESTEL Analysis) ................................................................................................. 13 MARKET TREND AND OUTLOOK ................................................................................................................ 16 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11...
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...of the Indian economy. The IT outsourcing, software and call center/ BPO industries, in particular, have helped skyrocket India’s economic development in recent years. Economic development in India still depends on the various sectors that constitute the Indian economy – agriculture, services and manufacturing industries. India is rated as one of the top economies in the world in terms of purchasing power parity (PPP) of the gross domestic product (GDP) by leading financial entities of the world, such as the International Monetary Fund, the World Bank, and the CIA (as referenced in the CIA World Factbook). As far as agriculture is concerned, India is the second largest in volume of output. Certain related sectors of agriculture have played a major role in the development of the Indian economy by providing employment to a number of people in the forestry, fishing and logging industries. In 2009, the agricultural sector contributed 17.5% to the entire GDP, and more than 50% of the total labor force working in India is employed in the agricultural sector. Production volume has gone up in Indian agriculture at a consistent rate since the 1950s. Much of this improvement can be attributed to the five-year plans that were established for the development of Indian agriculture. Developments in irrigation processes, as well as various modern technologies used have contributed to the overall advancement of agricultural processes. Substantial amounts of research and...
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...personality of Sir Syed Maratib Ali envisioned the importance of trade and industry in the sub-continent. He expanded his agricultural business into trading and industrial partnerships. Soon after independence of Pakistan in 1947, the business activities were further developed into industrialized operations. Ali Group is currently one of the oldest and most successful business groups in the country. After the immense success of Treet Corporation Limited (rated in the top 25 companies in KSE), the company has decided to delve into corrugated box making industry. A new company by the name of Packaging Solutions has been formed which is to be the first ever organized corrugated company with online database dealing with imported raw materials. Fully automated machinery accented by highly sensitive computer controlled system along with the state-of-the-art IT mainframe is being introduced for the customers. For the first time in Pakistan video conferencing is being made available for all large...
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...Decision By: Tibebe Abettu Submitted To: Professor Lundondo Mumeka ECO 555 Managerial Economics Strayer University August, 2014 Despite outstanding technological advancements in the industry, the quality of manufactured food products has become a major concerns of the time when seen from the health and wellness perspective. In the 21st century higher income, urbanization, other demographic shifts, improved transportation, and consumer perceptions regarding quality and safety are changing the global food consumption patterns. Even though the consumption of such food products is ever increasing due to the rising population growth in the world, thanks to the advancement of information technology people has now become more and more concerned about their health and well being especially in the developed world. Some Low-fat, low-calorie food products have been there for decades but have gained greater acceptance when their nutritional virtues are being Recognized (Altschul). The growing social awareness and initiative regarding health and wellness is also gaining traction among food manufacturers around the world that many of them are changing their business models to satisfy the growing demand. Foods with low calories and low fat have gained vast popularity in the past few years. The companies that have emerged as the vital competitors in this line of business are Healthy Choice and Lean Cuisine. These companies contain a very glorious history and...
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...EARTH” whose aim is to fix the food chain. This initiative is relevant to the 'Farmhouse' brand for making our breakfast line (which includes cereals and cookies) healthier than our competition and more environmental friendly. The product would reflect the values of the “FRIENDS OF THE EARTH” NGO such as finding natural alternatives in order to eliminate animal feeds composed of high protein soy products for farm animals. This is an issue which captures our attention as farm produce and animal by-products are used in our food products and end up on the tables of customers. The 'Farmhouse' products would use all natural, locally sourced ingredients, without preservatives and additives. This conveys the message of supporting local neighborhood farmers to boost consumer awareness regarding where their food comes from. By collaborating with neighborhood farmers, it is possible to reduce pollution (CO2 emissions) and ensure the highest quality when it comes to the ingredients and raw materials used. Packaging of our boxes (external) will be produced from recycled material with our program “ we give life to old boxes” and we use water based ink to minimize the impact on the ecosystem, to further meet customer expectations of our green product-line the internal packaging will be constructed out of cellulose to be 100% biodegradable, more convenient as it is microwavable, as well as eliminating the health risks arising from the use of plastics with food products. Strengths Green product...
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... The Philippines is one of the few countries that produces the four varieties of commercially-viable coffee, this includes Arabica, Liberica (Barako), Excelsa and Robusta coffee. Coffee occupies an important place in the Philippine economy, being wildly consumed as a beverage. In the world trade, coffee ranks first among non-staple food and it is rated as the fifth most important agricultural product. Filipinos are known to be the great consumers of coffee. While coffee is a global commodity, and Starbucks is a global phenomenon, the global culture surrounding coffee has eclipsed the fact that Filipinos hold a special place in their hearts for coffee. Coffee marks the Filipino’s daybreak. It also graces the Filipino’s mid-afternoon snack. It may even find itself as a Filipino night owl’s post-dinner treat. That’s why the Philippine coffee industry has found more room to grow. Just when everyone thought that no one could break Nescafe’s monopoly on coffee production, San Mig Coffee found its own niche in the market. Then Kopiko took the 3-in-1 niche by storm with its delicious Kopiko Brown Coffee. Table 4.1 Economic Macro-Environment Factor | Implication | Effect on Proposed Product | ADO expected Annual inflation rate to decrease from 4.3% in 2014 to 4.0% in 2015 | Reducing commodity prices should be expected | Reduced cost of sales and increased sales revenues | GDP growth is forecast at 6.4% in 2014 and 6.7% in 2015 | Lower unemployment rates and ceteris paribus...
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