...Company NN December 4, 2013 Company NN December 4, 2013 Annual Report Letter to Stockholders Annual Report Letter to Stockholders Letter to Stockholders To our Stockholders, Thank you for supporting Company NN. The last four quarters has definitely been a challenging one for the Cereal industry where many cereal companies compete in the same market. Company NN has been striving to become the first choice in cereal that provides customers with the best quality and the best price. In order to achieve this, it requires a long-term strategy that will be executed fully over the next few years. In the last four quarters, we have successfully launched the six customer tailored products for three regions. For each distribution channel, we chose specific packages to meet our distributors’ requirement on packaging. By investing in reduction of setup time, we were able to change our production faster in order to meet changes in customers’ preference and market trend. We also invested in production equipment thereby reducing batch size to support our LEAN manufacturing philosophy. In doing so, we successfully attained production flexibility while incurred only a small amount of extra interest expense due to the early investment in long-term equities that spread out investment cost during the whole machine life. Also, our credit rating was consistently the best in the industry, proving that we are headed in the right direction. With the highest AAA credit rating, we had...
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...E-COMMERCE (TIT-501) UNIT I Introduction What is E-Commerce, Forces behind E-Commerce Industry Framework, Brief history of ECommerce, Inter Organizational E-Commerce Intra Organizational E-Commerce, and Consumer to Business Electronic Commerce, Architectural framework Network Infrastructure for E-Commerce Network Infrastructure for E-Commerce, Market forces behind I Way, Component of I way Access Equipment, Global Information Distribution Network, Broad band Telecommunication. UNIT-II Mobile Commerce Introduction to Mobile Commerce, Mobile Computing Application, Wireless Application Protocols, WAP Technology, Mobile Information Devices, Web Security Introduction to Web security, Firewalls & Transaction Security, Client Server Network, Emerging Client Server Security Threats, firewalls & Network Security. UNIT-III Encryption World Wide Web & Security, Encryption, Transaction security, Secret Key Encryption, Public Key Encryption, Virtual Private Network (VPM), Implementation Management Issues. UNIT - IV Electronic Payments Overview of Electronics payments, Digital Token based Electronics payment System, Smart Cards, Credit Card I Debit Card based EPS, Emerging financial Instruments, Home Banking, Online Banking. UNIT-V Net Commerce EDA, EDI Application in Business, Legal requirement in E -Commerce, Introduction to supply Chain Management, CRM, issues in Customer Relationship Management. References: 1. Greenstein and Feinman, “E-Commerce”, TMH 2. Ravi Kalakota, Andrew Whinston...
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...Wolf The simulation is broken down into a series of situations and provides suggestions throughout the inventory management system within the Elms Valley SurgiCare Center (EVSC). The simulation helps to demonstrate how cycle service level, lot sizes and safety stock have the influence to impact inventory cost. The data presented was used to calculate inventory levels as followed: I under-estimated the stock on hand quantities, over-estimated the demand for the gloves and also over-estimated the quantities ordered for the surgical gloves. Both EOQ’s were shown to be less than optimum per the simulations standards, but the decisions that I made were shown to be the best alternatives. The average price computed out to $0.27 each for surgical gloves, with what was considered to be an optimum cost of $.025 each, and $0.29 for exam gloves and an optimum cost of $0.24 each. The simulation also explored a “Quantity Discount Schedule” and the quantities required to experience price breaks. The introduction of new data was used to calculate the EOQ lot sizes and increase them to 4000 for both gloves followed by the order quantities decreased because of the excess supply. Both safety stocks and order quantities were within 100 of the optimum value. What was computed was the average cost per unit for surgical gloves at $.01 less than the optimum value, but exam gloves stayed the same, at $.01 more than the optimum value The next section of the simulation brought about...
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...Global Expansion Strategies of Two Korean Carmakers- Case Analysis B6110: Supply Chain Optimization and Outsourcing January 27, 2012 Two Korean Carmakers- Strategic Situations Daewoo and Hyundai are two Korean carmakers who enjoy many structural similarities. Yet the two are direct competitors in the Korean automobile industry, where they are jostling for position, pushing for economies of scale, and hoping to sure up a competitive advantage. Both Daewoo and Hyundai look to international expansion as their recipe for success. Each has formulated a specific expansion strategy in the past based on its particular market situation. Both Daewoo and Hyundai now look to international global expansion for future success. Expansion & Supply Chain The direct competition with each other in the Korean car market had an enormous influence on each firm’s past globalization strategies. The Korean automobile industry has been dominated by Hyundai since the 1970’s. By 1993, Hyundai had established a 50% market share in the Korean market, whereas Daewoo only held 20% (Bowon, 2005, p. 148). In 1993, Hyundai also enjoyed 58% of the market share of automobile exports by Korean companies, whereas Daewoo’s exporting efforts had failed (Bowon, 2005, p. 148). Moving forward from 1993, Daewoo and Hyundai took into account their competitive position against each other when deciding how to conduct their global expansion strategy. “Daewoo focused on expeditiously achieving...
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...ucu 403business management information systems | Enterprise Resource Planning (ERP) and Knowledge Work Systems | By: | Andrew Otieno BML/00018/1/2012Stanley Mwangi BML/000StellaDavid | Knowledge Management (KM) Knowledge Management involves developing and managing integrated, well-configured knowledge systems and increasingly embedding work systems within these knowledge systems. It involves systematically & actively managing and leveraging stores of knowledge in an organization. To do this, an organization needs to put in place; * Knowledge Work Systems (KWS) – to create knowledge * Office Automation Systems (OAS) – to distribute knowledge * Group Collaboration Systems (GCS) – to share knowledge * Artificial Intelligence Applications (AI) – to capture and codify knowledge Knowledge work systems (KWS) Knowledge work systems, such as scientific or engineering design workstations, promote the creation of new knowledge and ensure that new knowledge and technical expertise are properly integrated into the business. Knowledge work systems (KWS) serve the information needs at the knowledge level of the organization. Knowledge work systems can be defined as the information systems that aid knowledge workers to create and integrate new knowledge into the organization. A knowledge worker is a professional that intensely applies/generates knowledge at work. Their jobs consist primarily of creating new information and knowledge, like engineers, doctors and...
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...How to integrate technology-enhanced learning with business process management Nicola Capuano, Matteo Gaeta, Pierluigi Ritrovato and Saverio Salerno Abstract Purpose – The purpose of this paper is to propose an innovative approach for providing an answer to the emerging trends on how to integrate e-learning efficiently in the business value chain in medium and large enterprises. Design/methodology/approach – The proposed approach defines methodologies and technologies for integrating technology-enhanced learning with knowledge and human resources management based on a synergistic use of knowledge models, methods, technologies and approaches covering different steps of the knowledge life-cycle. Findings – The proposed approach makes explicit and supports, from the methodological, technological and organizational points of view, mutual dependencies between the enterprise’s organizational learning and the business processes, considering also their integration in order to allow the optimization of employees’ learning plans with respect to business processes and taking into account competencies, skills, performances and knowledge available inside the organization. Nicola Capuano, Matteo Gaeta, Pierluigi Ritrovato and Saverio Salerno are all ` based at the Universita di Salerno, Fisciano, Italy. Practical implications – This mutual dependency, bridging individual and organizational learning, enables an improvement loop to become a key aspect for successful business process improvement...
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...Here, there is a procedure reduction from eight to five. Reduction of this procedure can occur by combining procedures can be put together. Procedure pooled, among other procedures for recording operational cash asset acquisition, asset acquisition recording procedures for procurement and reporting asset procedures. This procedure is combined as a procedure that is both sequences. But in fact this procedure is fractured and there is a delay when the simulation is large enough at the end of each procedure. Then the inventory procedure carries the merger between inventory and inventory compilation university faculty. This is also done because it has a sequential flow and delay occur at the end of the inventory process faculties. Figure 3 shown the use case diagram of the results of the improvements made. In the provision of consumables, there are no activities are cut, because basically it is just the reduction of decision making, happened because of the reduction in scenario 1. In scenario 2 the use of documents reduced from five different documents being no documentation at all with the help of information systems. For maintenance and repair facility procedures scenario 1 of 12 activities into...
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...Outline INTRODUCTION ........................................................................................................................................... 2 I. DATA BASES............................................................................................................................................... 2 I.1. Definitions ............................................................................................................................................................... 2 I.2. Major Methods and DBMS...................................................................................................................................... 3 I.3. Information-related issues........................................................................................................................................ 4 II. COLLABORATION TOOLS (GROUPWARE) ..................................................................................... 4 II.1. Introduction & Definition ....................................................................................................................................... 4 II.2. Electronic Document Management (EDM) ............................................................................................................ 5 II.3. Process Management (Workflow) .......................................................................................................................... 6 II.4. Electronic Data Interchange (E.D.I...
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...and Directions for Operations Management Research Robert Jacobs and Elliot Bendoly Operations and Decision Technologies, Indiana University, Bloomington, IN 47405 Decision and Information Analysis, Emory University, Atlanta, GA 30322 Abstract Enterprise Resource Planning (ERP) has come to mean many things over the last several decades. Divergent applications by practitioners and academics, as well as by researchers in alternative fields of study, has allowed for both considerable proliferation of information on the topic but also for a considerable amount of confusion regarding the meaning of the term. research two distinct research streams emerge. In reviewing ERP The first focuses on the fundamental corporate capabilities driving ERP as a strategic concept. A second stream focuses on the details associated with implementing information systems and their relative success and cost. This paper briefly discusses these research streams and suggests some ideas for related future research. Published in the European Journal of Operational Research 146(2), 2003 1 Introduction – The many views of ERP Speculation on the future development and success of ERP is the topic of many popular press articles. These articles, typically written by individuals associated with the ERP companies, are often focused on the merits of the featured software. Unfortunately, in order to distinguish the merits of alternate packages, authors find it useful to introduce new terms designed...
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...focus on sales via the Internet” (Jeffery, 2008, p.2.). • 1.2 Project Goals and Objectives The goals of the project are to increase revenue by allowing sales on a national level, while maintaining the friendly level of customer service that the company is so proud of and wanting to maintain that feel. The scope controlling the organization’s retail operations are “new orders, add-on orders, order amends, order status, and lead capture with the following capabilities” (Jeffery, 2008): • Configuration and pricing • Delivery date based on standard lead times • Real-time payment processing • 100 percent validation of required data • Collection of prospect data about customers • Integration to back-end (ERP) for manufacturing and order management (p. 4). Matt Webb the CIO composed a project team that completed a...
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...ASCM 629 SUPPLY CHAIN LOGISTICS MANAGEMENT MID-TERM EXAMINATION Each essay answer for questions 1 through 10 is worth ten points. Please use a between 150 and 300 words per answer. Your answer may include content from text or readings, conference discussions, or relevant workplace examples. These must not be merely cut-and-pasted from other sources. Please do not contact a UMUC Reference Specialist in developing any answer, as discussed in the syllabus. The answer for question 11 covering the SCM Globe Simulation should be at least 500 words and will take as long as required to discuss and document your learnings during Weeks 1 through 6. This answer is worth 100 points and represents ten percent of your course grade. Please save the examination with answers as a Microsoft Word document under a new filename the includes your last name, section (either 9040 or 9041) and “midterm.” An example is \scheer9040midterm.doc . Please include your name and section number at the heading inside the document. Answers should appear in order, from one through ten. Please make sure you have an answer for each question before submitting it for grading. Completed exams are to be submitted in the mid-term examination assignments folder. These are due before Saturday, March 24, at 11:59 PM ET. Note that your assignments folder is locked after this time and the exam cannot be submitted. The test represents 30 percent of your total class grade, so please spend quality time in preparing answers. I estimate...
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...of Enterprise Resource Planning System 4. Implementation Challenge Q1. Within an ERP system package, name SIX functions that will be covered in Sales and Marketing Module. (6 marks) - Pre-sales - Sales order processing - Inventory sourcing - Delivery - Handle Billing - Payment Q2. Describe how each of the SIX functions in an ERP system package contribute to overall productivity of an organization. (12 marks) Pre-sales o Tracks customer contacts: provides the customer with a price quote Sales order processing • Uses the price quote to record items to be purchased; determines the sales price: record order quantities: configures quantity discounts: checks customer credit Inventory sourcing • Checks the inventory database to see if items can be delivered on time: updates the production planning database to avoid any shortfalls Delivery • Releases documents to the warehouse: item are picked; orders are packed and shipped Bill • Uses sales order data to create an invoice: updates accounting records: increases (debits) accounts receivable Payment • Accepts payment: decreases the customer’s accounts receivable balance with the amount of payment Q3. Give TWO typical problems that are common with manual sales order entry process. (2 marks) - Incorrect pricing Incorrect credit information Q4. With reference to the implementation of ERP system, list any FOUR factors that determine success or failure of ERP projects. • Customization (8 marks) 2 ITS1622 Enterprise Resource Planning...
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...questions such as the following: 1. What is being forecast? – events, trends, variables, technology 2. Level of focus – focus on a single product or a whole line, focus on a single company or the entire industry 3. How often is forecasting conducted? – daily, weekly, monthly, annually 4. Do the methods used reflect the decisions needed to be taken by management? 5. What are the resources available to make decisions? – Lead-time, staff, relevant data, budget, etc. 6. What are the types of errors that could occur and what will they cost the company? DECISION TO BE TAKEN FACTORS INFLUENCING FORECASTING: • Technology DESCRIPTION OF THE SOFTWARE Vanguard introduced its first product for decision support analysis in 1995. Today, over 2,000 companies in 60 countries use Vanguard’s products, including 33 of the Fortune 100. From the most accurate forecast benchmarks ever recorded to the first Web-based business modeling tools, Vanguard remains at the forefront of technical and business innovation. Virtually all business planning starts with a forecast. Whether you are...
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...Forecasting Simulations Modeling Decision Tree Conclusion Many companies and businesses use forecasting. Whether its to predict sales growth, consumer demand, profit or plan production, management wants to know how to proceed in making an informed decision about the future. This presentation will examine some of today’s most popular forecasting models by highlighting how leading companies are putting them to use. 3 Mix modeling – Marketing strategy Mix modeling can help with marketing strategies by measuring the potential value of all market input and marketing investments. The goal is a long-term revenue growth. Mix modeling’s multiple-regression technique is conducted based on the number of inputs and how these inputs relate to an outcome. The data that go into creating a marketing mix model includes: • Economic data • Industry data • Category data • Advertising data (including copy testing) Promotional data Competitive data Service data • Product data- Pricing data, Features & performance • Market outcome data- sales, revenue, profits Reference: http://www.decisionanalyst.com/Services/MarketingMixModeling.dai 4 Predictive Modeling for Consumer Demand forecast Predictive modeling is an effective forecasting model for consumer demand. The technique is based on accumulated data regarding consumer behavior. Within this process, there will be a continual monitoring of demand to track changes and trends. Tools: • Analysis Tools are used...
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...ERP system in Xinghe Electronic Commerce Company IT 500 Information Technology Professor Robert Dachowski March 23, 2014 Yue Wang, Nan Wu, Cancan Ge, Yi Ma Table of Contents Part I. Yue Wang ………………………………………………………………3-13 Part II. Nan Wu ………………………………………………………………14-20 Part III. Cancan Ge ………………………………………………………….21-24 Part IV. Yi Ma ………………………………………………………………25-31 Reference ……………………………………………………………………32 Part I Background IT tech, especially the widespread of using, has made human beings entered a brand new age which is a knowledge economic timing. Under this big timing, the business environment time has been completely changed for companies. For example, traditional business model has been replaced by E-commerce model. With an abundant of consumer’s demand, revolution of tech, short period of product life cycle and sharp competition in marketing, companies should follow this 3C guideline which is consumer, challenge and change. Also, company should match consumer’s customize demand so that the company can accelerate adapt the development of marketing’s changing. Under the new external environment, e-commerce companies need to adjust their development strategies, restructuring their business processes and organizations, also need to use modern information technology, enterprise information management. In this context, electricity providers need to use integrated enterprise management information system to provide real-time, accurate...
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