...MGT 309 3 April 2015 Problem Set 1: Information and Forecasting 2. Mr. McNeely would have a major positive affect to his current means of ordering if he switches to Web-based ordering system. The following categories are where each positive change will occur: order accuracy, time, and quick filling of orders. The order accuracy will change due to the easily accessible selection capabilities that one can use while listening to an order being placed. The time category is due to the time reduction of having to send information via male or call order to the manufacture warehouse. Instead he can now send order via web and continue on to the next order. The quick filling of orders also reduces the times. By the company sending orders via web base the warehouse that stores the inventory can begin placing the order together quickly instead of waiting for an order sheet or invoice to come in via mail or courier. 4. A. Based on the aggregate monthly forecast the LA DC will demand 3000 pairs. Memphis and Dayton will demand 3600 and 4200 respectfully. The remaining 1200 will be shipped directly from the warehouse. B. If the forecast in July results in an increase by six percent the following increase in demand from each DC will be as follows: LA will demand 3180, Memphis will demand 3816, Dayton will demand 4452, and the remaining 642 will be distributed from the warehouse. 6. A. Yes I believe Mr. Gregory should do the change. It would cost more money, but the reduction of inventory...
Words: 355 - Pages: 2
... |FIN 604 Fin. An. & Control |Sec-A |Prof. Dr. Md. Rafiqul Islam |B/303 | | |FIN 604 Fin. An. & Control |Sec-B |Ms. Pallabi Siddiqua |A/308 | | |HRM 602 Industrial Relations |Sec-A |Mr. Dipak Kanti Paul |A/312 | | |MGT 431 Business Communication |Sec-A |Mr. Sahin Ahmed Chowdhury |A/501 | |SUNDAY |MGT 432 Organizational Behavior |Sec-A |Ms. Nahid Sultana |B/307 | | |MGT 432 Organizational Behavior |Sec-B |Mr. Akbor Ali |B/303 | | |MGT 432 Organizational Behavior |Sec-C |Prof. Dr. Nazrul Islam |B/301 | |...
Words: 1035 - Pages: 5
...February 04, 2015 IUBAT–International University of Business Agriculture and Technology Spring Semester January 05-April 08, 2015 Day Section Class Schedule 8:30-9:30 CSC 103 (Sec-A) SM #402 CSC 103 (Sec-B) MSS #407 CSC 103 (Sec-C) KD #408 CSC 103 (Sec-D) GM #421 CSC 103 (Sec-E) DAS #501 CSC 103 (Sec-F) PB #502 CSC 103 (Sec-G) DMAH #503 09:3510:35am CSC 103 (Sec-B) MSS #407 CSC 103 (Sec-C) KD #408 CSC 103 (Sec-D) GM #421 CSC 103 (Sec-E) DAS #501 CSC 103 (Sec-F) PB #502 CSC 103 (Sec-G) DMAH #503 CSC 103 (Sec-H) HR #606 ENG 101 (Sec-A) SR #607 ENG 101 (Sec-I) NZM #504 ENG 101 (Sec-J) ENG 101 (Sec-I) NZM #504 ENG 101 (Sec-J) ART 102 (Sec-N) KK #506 ART 102 (Sec-S) MAH #507 ART 102 (Sec-O) SAC #508 ART 102 (Sec-U) NKD #402 CSC 103 (Sec-H) HR #606 ENG 101 (Sec-B) SR #607 ENG 101 (Sec-D) ATMSA #405 ENG 101 (Sec-H) NF #603 ENG 101 (Sec-G) SR #607 ENG 101 (Sec-C) LAM#604 ENG 101 (Sec-D) ENG 101 (Sec-F) JU 10:40-1 ll:45l:40am 12:45pm CSC 103 CSC 103 (Sec-A) SM (Sec-I) #323 MSS#402 CSC 103 (Sec-J) MMR #520 CSC 103 (Sec-K) PB #521 CSC 103 (Sec-U) PPP #601 CSC 103 (Sec-T) DAS #602 2:00-3: 00pm CSC 103 (Sec-I) MSS #402 CSC 103 (Sec-J) MMR #520 CSC 103 (Sec-K) PB #521 CSC 103 (Sec-U) PPP #601 CSC 103 (Sec-T) DAS #602 ART 102 (Sec-H) MMI #403 ENG 101 (Sec-H) NF #603 ENG 101 (Sec-C) LAM #604 3:05-4: 05 pm ART 102 (Sec-A) NKD #403 ART 102 (Sec-B) KK #401 ART 102 (Sec-C) MMI #507 ART 102 (Sec-T) SAC #508 ENG 101 (Sec-N) SI #621 4:105:10pm CSC 103 (Sec-L) MAH #502 CSC 103 (Sec-M) MAB#503 CSC 103...
Words: 19305 - Pages: 78
...Problem Set 1 MGT-309 – Intro to Logistics Management November 23, 2014 Cosme Lucio Professor Jerry Bilbrey 2a. 2*8*44,000=704,000 .12*.75=.09 704,000/.09= 7,822,222.222222222 = 2796.823595120404 = 2797 2b. Inventory Carrying Costs = (2,797/2)*0.75*12% = $125.87 Order Costs = (44,000/2797) = 15.73 = 16, 16*$8(per order) = $128.00 Transportation Costs = 44,000 units *0.05 per unit = 2,200 (Q=2,797) = 125.87+128+2,200= 2453.87 Inventory Carrying Costs = (4,000/2)*.075*12% = $180 Order Costs = 44,000/4,000 = 11orders, 11orders*$8 per order = $88 Transportation Costs = 44,000*$0.04 per unit = $1760.00 (Q=4,000) = 180+88+1,760 = 2,028 2c. 4,000 CUPS = 11 orders, 33 days between orders 4a. Common days’ supply of chocolate chewies at DC: DS= [(42,000 – 7,000) + 18,500]/4,500 = 11.8888889 = 12(Rounded Up) 4b. Fair Share Allocation Logic: Cincinnati Allocation = (11.8888889 * 2,500) – 12,500 = 17,222.2222 Phoenix Allocation = (11.8888889 * 2,000) – 6,000 = 17,777.7778 6a. Yes. The demand never exceeded what was in stock and causing a stockout. 6b. SD = 1.811 6c. Yes. The frequency wasn’t out of bounds with mean, mode, median. 6d. SD = 1.095445 6e. SD of Combined Probabilities = 6 6g. f(k) = 0.061667 6h. k = 1.1, Required safety stock for the desired 99 percent is 6.42 with an average inventory of 36...
Words: 252 - Pages: 2
...Training and Development Plan Training and Development Plan Maria Correia Lange, Terry Billow, Marco Mendoza & Michael Grant II MGT/431 Human Resources Management Dr. Penny Wilkins March 15, 2010 Organizations big or small have a leader who helps create a vision and carry out the company goals. Leaders have the ability to simply influence others. “They are the painters of the vision, architects of the journey.” ((Bateman & Snell, 2009) they are the creators of mental images for the future. They set the standards of excellence and clear choices of possible values and inspire pride. Introduction SMC is a manufacturing company that specializes in ergonomic office equipment. SMC is located in a small town in the Midwest with a population of 30,000 people. Although currently faced with unemployment rates of 2.2%, along with other local companies experiencing recent activity in labor organizing. SMC is determined and committed to staying local. SMC has a CEO, five directors and a female supervisor in customer service with a minimum education of a high school diploma. Without a formal development plan the increase in business will likely fail. Team Creatives Management Group is the outside contracting firm that will be responsible for evaluating SMC and design a formal training and development plan to help this company succeed. Included in the development plan will be an instructional design, a development and implementation plan, evaluation and lastly, reinforcement...
Words: 1045 - Pages: 5
...Groups and Teams Paper MGT 307 February 1, 2011 John A. Zawora, Ph.D. Group and Team Diversity Oxford's English Dictionary defines a group as "an assemblage of persons, animals, or material things, standing near together, so as to form a collective unity; a knot (of people), a cluster (of things). In early use the word often conveys a notion of confused aggregation, which in recent use is not implied." (Oxford English Dictionary, 2011). Comparatively, a team is defined as "a number of persons associated in some joint action; hence, a group collaborating in their professional work or in some enterprise or assignment" (Oxford English Dictionary, 2011). Several variations and types of groups exist. According to Robbins & Judge (2009) A group is made up of "two or more individuals, interacting and interdependent, who have come together to achieve particular objectives. Groups can be either formal or informal" (Robbins & Judge, 2009, p. 284). In formal groups, the structure is more organized and the focus is specifically directed toward achievement of organizational goals and objectives. In informal groups, the structure is far less ordered and there is not as much emphasis placed on accomplishing goals directed by the organization. There are several types of sub-group categories. Command groups, task groups, interest groups, and friendship groups are all examples of sub-group types as described by Robbins & Judge, (2009). Task and command groups are aligned under...
Words: 810 - Pages: 4
...The Impact of Financial Education in High School and College On Financial Literacy and Subsequent Financial Decision Making by Lewis Mandell Kermit O. Hanson Visiting Professor of Finance and Business Economics Foster School of Business, University of Washington Senior Fellow, Initiative on Financial Security, Aspen Institute Presented at the American Economic Association Meetings San Francisco, CA January 4, 2009 The Impact of Financial Education in High School and College On Financial Literacy and Subsequent Financial Decision Making Abstract: Many consumers appear to lack the financial literacy needed to make financial decisions in their self-interest. A growing number of analysts and politicians are blaming the intersection of low levels of financial literacy with complex, financially-engineered products for the current economic meltdown and have proposed a number of solutions to this problem. These solutions range from mandatory education in personal finance to required simplification of financial products and greatly increased regulation. This paper examines evidence on the effectiveness of personal finance education on both financial literacy and financial behavior. If the problem can be solved through education, it is likely to reduce the perceived need to limit choice in the marketplace for retail financial products. If education is shown to be ineffective, the future of financial product innovation and financial engineering may be greatly limited. Supporting...
Words: 10007 - Pages: 41
...Case 1: Integrated Logistics for DEP/GARD MGT 309 The Integrated Logistics for DEP/GARD takes us inside of contract renewal negotiations for DuPont Engineering Polymers (DEP) and Gard Automotive Manufacturing (GARD). Tom Lippet is the sales representative for DEP and Mike O’Leary is the purchasing agent for GARD, he is due to retire and replaced by Richard Binish. O’Leary begins to explain to Tom Lippet the contract will only renew for a year and give him insight on the upcoming changes that Binish will began to implement into the company. Binish wants companies to demonstrate “order winning criteria” (Bowersox, Closs, Cooper & Bowersox, 2013). Order-winning criteria are unique selling points or a competitive advantage. It differentiates the products or services from competition. The terms order-winning and order-qualifying were introduced by professor T. Hill from the London Business School to differentiate the criteria that allows a company to compete in the market (order-qualifying) from the criteria that provide a competitive advantage (order-winning), (www.referenceforbusiness.com). In the DEP/GARD Supply Chain, they have several stages that are adding value, such as their ability to maintain a 7-day supply of all their compounds and their continuous advancements in technology, their packaging and product manufacturing. One of the companies down falls has been the inability to move their product at a consistent rate, their delayed paperwork process and inventory...
Words: 1119 - Pages: 5
...Kyle Reed MGT 309 Dr. Williams 09/06/2015 Research Paper – Enron and Ethics in Financial Reporting Table of Contents Cover Page – Page 1 Table of Contents – Page 2 Introduction – Page 3 Statement of Problem – Pages 4-5 Analysis of Problem – Pages 5-6 Conclusion – Pages 6-7 References – Page 8 Introduction A major scandal that still resonates in financial markets today was Enron’s bankruptcy. The business environment of the time included a deregulated energy market (specifically in California) that allowed Enron to inflate their stock prices and offer their commodities at a premium. Additionally, there was little oversight for off balance-sheet transactions. This allowed Enron officials to hide losses in offshore captives with the help of Andrew Fastow. This and other creative accounting practices allowed Enron to report huge profits while in reality Enron was not legitimately profitable. Enron also inflated revenue numbers by buying and selling the same commodities over and over, reporting each transaction at full value (Forbes). In turn, this inflated stock prices of the company beyond what was reasonable. Statement of Problem The decline of Enron began in 2001 with Jeff Skilling being named CEO. During this time, a vice president of Enron voiced her concerns regarding the unethical business practices of the company and described the company as an “Elaborate Hoax” (NY Times). Former CEO Mr. Lay, meanwhile, had been telling investors that the now decreased...
Words: 992 - Pages: 4
...University Course # MGT 499 Module 2: Strategic Management: External Analysis In this module, my case assignment was to perform an external analysis of Toyota. Like other companies, Toyota operates in a complex global industry. In order to develop and execute a successful strategy, the Toyota Corporation must take into account the global automotive environment. As part of strategy Toyota must look at their current opportunities in the market. Along with these opportunities, Toyota also faces some threats. Toyota has taken many actions to respond to these environmental contingencies. Based on my analysis, Toyota should continue to focus on its customers, as well as coping with change, and announcing their responses to its customers. Toyota Motor Corporation is a multinational automaker headquartered in Toyota, Aichi, Japan; in the current market they have many opportunities. Currently, Toyota is one of the world’s largest automobile manufactures and employs over 300,000 employees. A major opportunity for Toyota is the new fuel efficient cars that they are producing. With the oil prices reaching record highs, Toyota has the advantage over other car manufactures with their more fuel efficient cars. This is one of their keys to success right now. Toyota is also producing cars that are targeted towards the younger generation of drivers. A great deal of money can be made here also. Acting on any opportunities in the automobile market is a risk...
Words: 1063 - Pages: 5
...Case 1: Integrated Logistics for DEP/GARD MGT 309 March 7, 2015 Dr. Williams Background Gard Automotive Manufacturing’s purchasing agent Mike O’Leary has announced his retirement and his predecessor, Richard Binish, has been announced. One of Gards long term suppliers, Tom Lippet, of DuPont Engineering Polymers (DEP) is coming in to negotiate a new contract. DEP’s polymer is a critical feedstock of the GARD’s manufacturing process. DEP’s supplies have always met Mike’s standards and he’s had few production problems reported from his production managers. Tom’s approach to supplying the business is different than Mike’s. Tom has and MBA with a concentration in purchasing and logistics. Prior to be announced as Mike’s predecessor, Tom worked in inventory management. While in this position Tom used the 80/20 rule to eliminate suppliers and products that were not profitable. Tom’s company is award a one year contract. After the contract signing Mike explains to Tom what Richard is looking for in delivery and options moving forward. Mike reviews with Tom that his company’s product no longer stands out from the pack and that its delivery standards are below Richards expectations. He also explains that Richard’s expectations for delivery will only increase in the coming years. The conversation Mike has had with Tom gives him time to review the competition and his company’s standards. Tom can use this as an opportunity to reevaluate how his company compares to...
Words: 1099 - Pages: 5
...Western Pharmaceuticals (A&B) 1 MGT 309 - Western Pharmaceuticals (A&B) Case Analysis 4 February 1, 2015 Latrina L. Black Professor James Maddox Western Pharmaceuticals (A&B) 2 Background Western Pharmaceutical (A) was founded by George’s grandfather in Los Angeles. George, who is the CEO of the newly formed United Pharmaceuticals, decided to have Western Pharmaceuticals (A) merge with one of the largest over-the-counter cold remedy companies, Atlantic Medical. This merger was to help guarantee coast-to-coast market penetration for both Western’s upset stomach products and Atlantic’s cough syrups (Bowersox, Closs, Cooper, Bowersox, pg. 453). Western Pharmaceutical (B) is an extension of Western Pharmaceutical (A). It requires an inventory analysis focusing on determining inventory requirements. Although the firm wanted a comprehensive inventory analysis, the information available was limited due to the merger and a simultaneous move to an Enterprise Resource Planning system (Bowersox, Closs, Cooper, Bowersox, pg. 457). Issues Addressed 1. Multiply the demand quantity by the service level to estimate resulting sales as opposed to demand. This process will determine a weighted service level. Columns, AN, AO, and AM is the weighted sales for each DC product combined. The AQ column is the total quantity for sales in DC and column AR is the total quantity for the demand for DC. The average service percentage is shown in column AQ and AR. The...
Words: 1086 - Pages: 5
...Integrated Logistics for DEP/GARD MGT-309 May 10, 2015 RK Introduction Supply chain management is “multiple firms collaborating to leverage strategic positioning and to improve operating efficiency” (Bowersox, 4). Proper integration and management results in efficient and successful operations. Without effective supply chain management, business functions can fail through reduced reliability of delivery, frequent shifts in operations to make up for shortages in materials and delivery, which ultimately can lead to a reduction in a firm’s reputation. Customers want products and resources at the right time, condition, product, price, place, and person. DEP/GARD contract negotiations is a case where DEP has to improve its economic, market, and relevancy value to remain a supplier for GARD. Analysis Firms must constantly seek to improve operations to improve the customer perspective of value, from an economic, market, and relevancy perspective (Bowersox, 5). Without improving value, a firm can become obsolete and lose business. Under a new purchasing agent, GARD looks to improve its efficiency of operations. Currently the firm works within a 10 day delivery, plus or minus 2 days, which is a 5 day service window. If this is the industry standard, GARD will not have a competitive advantage over other similar firms and must continually seek to improve it operations. GARD seeks to reduce the service window to 3 days. This added value will improve GARD strategic position...
Words: 1264 - Pages: 6
...Westminster Company Elaine Winn Saint Leo University MGT 309 Introduction to Logistics Management Instructor: Patti Williams September 13, 2015 Integrated Consumer Products Introductions Originally founded as a family owned pharmaceutical supply business, Westminster Company expanded, aggressively introducing new products. The small family owned business, consisting of three separately owned companies, each manufacture and distribute their own unique line of products. Viewed as a successful corporation, the family refuses to rest on its laurels and constantly seek means of improvement. Impact on Alternatives Through growth, new alternatives are introduced to monitor inventory, procure supplies and transport and warehouse purchases received. The changes under consideration should each produce a positive effect. The introduction of POS technology and receipt of customer based orders creates a system designed specifically to increase sales while minimizing warehoused items. Fulfilling these orders would enable fewer but more accurate deliveries. The use of RFIDs affords the ability to identify products purchased and moved throughout the day for both orders and the fulfillment of same. On-site work teams could assist in debundling delivered products, allowing for more appropriate procurement decisions. Integrated delivery of the three separate locations would incorporate deliveries into one location, subsequently decreasing...
Words: 1347 - Pages: 6
...Cisco vs Coca Cola Tadeusz Czuprynski MGT 450 Date: 21 January 2012 For: Carol Jones Abstract: The basic purposes of this essay is to emphasis and culminate the principles of Acquisitions by describing the application of the knowledge learned, with the following companies of Cisco the technology giant and Coca Cola the soft drink giant. There are many specific goals that companies may be looking to achieve by dong this, but the main underlying reason is to guarantee the long-term sustained achievement of fast profitable growth for their business. They have to keep up with a rapidly increasing diversified global market and increased competition. Nowadays, with the struggle for competitive advantage becoming stronger and stronger, it is almost essential to form alliances. An acquisition is the purchase of one business or company by another company or other business entity. Consolidation occurs when two companies combine together to form a new enterprise altogether, and neither of the previous companies survives independently. Acquisitions are divided into "private" and "public" acquisitions, depending on whether the acquiree or merging company (also termed a target) is or is not listed on public stock markets. An additional dimension or categorization consists of whether an acquisition is friendly or hostile. Whether a purchase is perceived as being a "friendly" one or a "hostile" depends significantly on how the proposed acquisition is communicated to and...
Words: 1468 - Pages: 6
