...Owens & Minor along with other distributors provide inventory storage and management services for hospitals and other healthcare providers. Manufacturers typically don’t want the responsibility of holding inventory and prefer to ship product as soon as its finished. The role of distributor has changed over time and they are now doing more for the customers. At one point distributors were just responsible for a small percentage markup to deliver product infrequently to the hospital docks. What are the services rendered by the distributor to manufacturers and hospitals? Distributors like Owens & Minor provide hospitals with the purchasing of materials, along with its warehousing as well as product returns. They also offer additional services such as managing JIT and stockless inventory programs for hospitals. Its typical for a distributor to also manage the product from the manufactures delivery to the hospital’s dock. This service is much better positioned with a distributor as they have the systems and visibility to manage this process and it’s a byproduct of their own service to their customers. O&M also tracks and verifies customer contracted purchases at contracted prices and volumes. They also monitor agreements between end users and manufacturers. O&M is also adding warehousing and transportation services for their customers. They handle receiving, put-away, tracking, order management and shipping for their customers while carrying the...
Words: 898 - Pages: 4
...MBAD 6213 WE CASE 4: Owens & Minor Inc. Q: Evaluate the impact cost plus pricing has on distributors, customers and suppliers. DISCUSSION In a Cost-Plus model, the customer pays a base manufacturer price plus a negotiated percentage of the base price as the distributor markup. Under a Cost-Plus pricing scheme, Owens & Minor was not realizing the true cost of warehousing and delivering their products to the customers. The distribution costs for bulky items were usually higher than for smaller, higher cost items. Customers could demand enhanced services from distributors, since price was based on product cost rather than delivery cost. Customers were able to shift their inventory-carrying costs to the distributor. Stockless, just-in-time, and low-inventory customers were not profitable to Owens & Minor. The Cost-Plus model enabled customers to demand greater and more costly services since the additional costs to Owens & Minor to provide the enhanced service levels were not factored into the price. To keep costs down, distributors needed to provide the very least service possible to keep the customer. Cost-Plus Pricing heightened the contradictions between what the customer wants and what the distributor is willing to provide. Customers could “cherry-pick,” by purchasing the most expensive products directly from manufacturers. Manufacturers were motivated to ship high priced, high volume items directly to the end-customer hospitals. Cost-plus pricing...
Words: 380 - Pages: 2
...inspiration for some of the greatest works of art. Wilfred Owens would use his experience on the battlefield to capture the purest, most untainted image of war in his literary work. His ability to let the moment speak for itself, letting the vivid imagery represent the war and not adding anything to change what happened, would be the catalyst for what makes Owens the greatest war poet. However, greatness always has a beginning, born on March 18, 1893 in Oswestry, England, Wilfred Owen would go on to be educated at Birkenhead institute and would enroll in the University of London. According to the encyclopedia of Britannica, “after an illness in 1913 he lived in France. He had already begun to write and, while working as a tutor near Bordeaux, was preparing a book of “Minor Poems—in Minor Keys—by a Minor”. In 1915 he would enlist in the British army to serve for his country of origin. The warfare of The Great War would swiftly affect the young soldier. Seeing the various methods of countries’ inhumane slaughter of others led to Owens choice to document the war and its effects. These experiences are forever etched in history because of his literary work that survived the Great War. Sadly his work is the only piece of him that survived as he would be killed...
Words: 1086 - Pages: 5
...Compensation and Benefit Strategy of an Organization Jane Q. Student DeVry University Professor Dibenedetto June 23, 2013 Abstract: The aim of this paper is to examine the compensation challenges within Owens & Minor and create a compensation strategy that will benefit not only the company, but the employee. With the constant change in today’s business world, to have a competitive advantage makes it difficult for employers to attract and retain the most talented employees. Identifying the company’s compensation strategy ensures the organization offers the right pay and manages the pay increases to retain top talents. When we hear the word compensation we think about compensating an employee for their work performed, but there is much more to compensation and a company’s strategy than what a person is paid. Compensation and benefits, “includes not only salary, but also the direct and indirect rewards and benefits the employee is provided with in return for their contribution to the organization. To determine compensation, organizations should develop a compensation and rewards program that outlines an equitable process for compensating employees” (“Compensation and Benefits,” n.d.). This plan is an extremely important piece of the overall HR approach to keep the company competitive and successful in the global market. Throughout this paper we will discuss the compensation and benefits strategy of the organization and recommendations on how to create a well-structured...
Words: 2720 - Pages: 11
...It is generally believed that every person can make a binding contract as they wish (Maclntyre, 2008). But because the contract is a legally binding agreement, the law recognises some specific groups who either have not reached the maturity or do not have the capacity to fully understand the nature and extend of agreements that they make with others. Therefore it is important for every organisation and individual to understand that a number of persons have a restricted capacity to contract. These are minors, persons of unsound mind, drunks and corporations (Owens, 2001). All others can make a binding contract as they please. Beale, Bishop and Furmston (2008) argue that the law of minors` contracts is very difficult and space precludes a full attention of it. The Family Law Reform Act 1969, s. 1 explains that a minor is a person who has not reached the age of 18. Until the Act came into effect on 1 January 1970, the age of majority was 21 (Owens, 2001). Contracts made by minor fall into three categories and these are valid contracts, voidable contracts and void contracts....
Words: 2231 - Pages: 9
...Cost of Capital at Ameritrade 1. What factors should Ameritrade management consider when evaluating the proposed advertising program and technology upgrades? Why? 2. How can the Capital Asset Pricing Model be used to estimate the cost of capital for a real (not financial) investment decision? 3. What is the estimate of the risk-free rate that should be employed in calculating the cost of capital for Ameritrade? 4. What is the estimate of the market risk premium that should be employed in calculating the cost of capital for Ameritrade? 5. In principle, what are the steps for computing the asset beta in the CAPM for purposes of calculating the cost of capital for a project? 6. Ameritrade does not have a beta estimate as the firm has been publicly traded for only a short time period. Exhibit 4 provides various choices of comparable firms. What comparable firms do you recommend as the appropriate benchmarks for evaluating the risk of Ameritrade’s planned advertising and technology investments? 7. Using the stock price and returns data in Exhibits 4 and 5, and the capital structure information in Exhibit 3, calculate the asset betas for the comparable firms. 8. How should Joe Ricketts, the CEO of Ameritrade, view the cost of capital estimate you have calculated? Colorscope, Inc. 1. Why would any customer, let alone large advertising agencies and departmental stores, go to Colorscope rather than go to the large printers listed in Exhibit 3? ...
Words: 882 - Pages: 4
...There had previously been some minor famines, but they were just a decade away from The Great Potato Famine. The British were controlling the Irish, who were fighting for ownership of their own land. When these things are listed in a textbook next to statistics of Irish deaths and migrations, they are upsetting, but when we understand these issues by seeing the lives of a group of young Irish people directly affected, it is devastating. In Translations, Hugh tells Yolland about the complexity of the language and the reason why it is so important. He explains that their culture’s beauty and what they deserve to show off is the language because it holds their culture. Hugh describes it as a, “syntax opulent with tomorrows,” meaning that it holds the hope of the Irish people...
Words: 1280 - Pages: 6
...Peter (CEO of ACME Corporation) called Dave and asked him if he would move barrels of toxic waste from Indiana to Ohio and in return for his services he would receive five-thousand dollars. He then tells Dave that a contract would be arriving in the mail and the offer is open for seven days. The contract that Peter has sent to Dave is a unilateral contract (promise for an act) (Clarkson, Miller & Cross, 2012). Peter has made an offer to Dave. Dave can accept the offer by signing and returning the contract to Peter when it arrives. When Dave receives the contract he signs it and mails it back to Peter. The signing of the contract by Dave has put Peter and Dave into an agreement that is binding. For a contract to be valid it must contain an agreement, consideration, contractual capacity and legality (Clarkson, Miller & Cross, 2012). The contract is valid because Peter has made a promise with consideration to Dave with the intentions of paying him five-thousand dollars after he moves the barrels of waste from Indiana to Ohio, the offer is clearly communicated by Peter to Dave and Dave accepts the offer by signing the agreement and returning it. Peter and Dave both have the capacity to enter into agreement because they are mentally competent adults and the legality of the contract is valid because it accomplishes a goal that is legal (Corbin, n.d.). Since Dave has signed the contract and mailed it, the mailbox rule applies to this situation. Good insight! So once Dave placed the contract...
Words: 975 - Pages: 4
...Is Pro Wrestling fake or real? EN1320 Comp1 Research Paper IIT-Tech As long time avid fan of pro wrestling I always get ask is pro wrestling is fake? Sure pro wrestling is a male oriented soap opera, that storylines and matches do have predetermined outcome. Predetermined meaning the refs, wrestlers and bookers know who is going to win or lose a match before the actual match starts. Yes the hazards can be real inside the squared circle because if a wrestler receives or takes a “bump” the wrong way. It could be a career ending injury that wrestler might not even wrestle again. That being said every pro wrestler trains day in and day out to insure nobody gets hurt in the squared circle. For the untrained eye or people who don’t follow wrestling do not factor that in. Now the question that is always topic of debate about pro wrestling is it a sport or entertainment? Pro wrestling is part entertainment part sport because Greco Roman wrestling style it uses. The moves preformed like headlocks, suplexs and slams come from the Greco Roman wrestling style. Pro wrestling uses “Gimmicks” meaning the persona, usually artificially created; one has in order to draw fan interest. Here is where the entertainment comes into play for pro wrestling. Without the entertainment aspect of it, pro wrestling would boring, stale and not really fun to watch. Who wouldn’t want to watch a guy named “Dude Love” an overweight guy wearing tie dye, sunglasses and talking like a throwback 1960's hippie...
Words: 1353 - Pages: 6
...David Owen Dodd was a young boy at the age of seventeen years old, who was a confederate.On December 24, 1863, he sent David Dodd—a minor and therefore assumed neutral—to Little Rock to deliver letters to former associates seeking investments for the tobacco deal. Confederate Gen. James F. Fagan issued the boy a pass. Dodd rode a mule to Little Rock, carrying a birth certificate showing he was an underage 17 along with his pass. Long story short he got caught with some very important papers which led on to him eventually getting tried and hanged for treason.But since he was a lady’s man while he was in town he met a girl and decided he wanted to attend a dance with her, and if he wouldn't have attended the dance and left when he was supposed to then he most likely wouldn't have been stopped twice, and wouldn't have been tried and hanged for treason.Though he did not reveal the source of the information, a young girl named Mary Dodge and her father were summarily escorted back to their home in Vermont. These events have led to him being called the "Arkansas Boy Martyr of the Confederacy".Many people believe he definitely should have been hanged and he got what he deserved,union, while others believe that he was just a boy and he didn't know what he was doing,confederate....
Words: 568 - Pages: 3
...Is Pro Wrestling fake or real? (07/31/2015) EN1320 Comp1 Research Paper IIT-Tech As long time avid fan of pro wrestling I always get ask is pro wrestling is fake? Sure pro wrestling is a male oriented soap opera, that storylines and matches do have predetermined outcome. Predetermined meaning the refs, wrestlers and bookers know who is going to win or lose a match before the actual match starts. Yes the hazards can be real inside the squared circle because if a wrestler receives or takes a “bump” the wrong way. It could be a career ending injury that wrestler might not even wrestle again. That being said every pro wrestler trains day in and day out to insure nobody gets hurt in the squared circle. For the untrained eye or people who don’t follow wrestling do not factor that in. Now the question that is always topic of debate about pro wrestling is it a sport or entertainment? Pro wrestling is part entertainment part sport because Greco Roman wrestling style it uses. The moves preformed like headlocks, suplexs and slams come from the Greco Roman wrestling style. Pro wrestling uses “Gimmicks” meaning the persona, usually artificially created; one has in order to draw fan interest. Here is where the entertainment comes into play for pro wrestling. Without the entertainment aspect of it, pro wrestling would boring, stale and not really fun to watch. Who wouldn’t want to watch a guy named “Dude Love” an overweight guy wearing tie dye, sunglasses and talking like a throwback...
Words: 1356 - Pages: 6
...Death of Osama bin Laden and its effects to al-Qaeda Name: Institutional Affiliation: Date: Death of Osama bin Laden and its effects to al-Qaida It has been four years down the line since the death of the al-Qaeda leader Osama bin Laden. In history, Osama has been the potential leader in organizing terrorist activities that have left thousands dead and several injured. His charismatic leadership led to large number of recruitments of the youth men all over the world. Osama was assassination done by the US Navy seals in a night raid on a high-walled compound in Abbottabad, Pakistan (Owen, M., & Maurer, 2012). His assassination had a great impact on the running of the al-Qaida organization. Osama bin Laden had significantly achieved high recognition as the symbol of international terrorist. Consequently, Osama declared war on the US and allies affiliated to US. His mission was followed by organized and fruitful attacks by al-Qaeda militants’ in various countries. Back in the 1990s, he organized a successful attack on the USS Cole, US embassy in Kenya and Tanzania respectively. There were also attacks in Bali, Madrid, and London. Indeed, the death of Osama is a big blow to the al-Qaeda terrorist operation that has been depending on his strategic attacks. It is unfortunate to the organization since they have so far no one with such charismatic leadership to replace him (Bergen, P, 2013).. Osama’s death has significantly reduced the al-Qaeda into a confused and non-coherent terrorist...
Words: 664 - Pages: 3
...Death of Osama bin Laden and its effects to al-Qaeda Name: Institutional Affiliation: Date: Death of Osama bin Laden and its effects to Al-Qaida It has been four years down the line since the death of the Al-Qaeda leader Osama bin Laden. In history, Osama has been the potential leader in organizing terrorist activities that have left thousands dead and several injured. His charismatic leadership led to large number of recruitments of the youth men all over the world. Osama was assassination done by the US Navy seals in a night raid on a high-walled compound in Abbottabad, Pakistan (Owen, M., & Maurer, 2012). His assassination had a great impact on the running of the al-Qaida organization. Osama bin Laden had significantly achieved high recognition as the symbol of international terrorist. Consequently, Osama declared war on the US and allies affiliated to US. His mission was followed by organized and fruitful attacks by al-Qaeda militants’ in various countries. Back in the 1990s, he organized a successful attack on the USS Cole, US embassy in Kenya and Tanzania respectively. There were also attacks in Bali, Madrid, and London. Indeed, the death of Osama is a big blow to the al-Qaeda terrorist operation that has been depending on his strategic attacks. It is unfortunate to the organization since they have so far no one with such charismatic leadership to replace him (Bergen, P, 2013).. Osama’s death has significantly reduced the al-Qaeda into a confused...
Words: 661 - Pages: 3
...I dive trying to grab the handle, but a gust of wind causes the handle to fly high into this teeny tiny tree. The string is still all the way reeled out. This string is so long that the handle is stuck in one tree and the kite itself is stuck in an even bigger tree. With our luck the even bigger tree is across the road at the neighbor's house. We cannot get all the way to it because the kite is all the way at the tippy top of the tree. By this point Tarissa and I are laughing hysterically as I am also attempting to scold her for releasing the handle. Little Owen goes inside as I climb this super small tree, confused at the event that had just happened. The tree is so small that the biggest branch there is is as big as my forearm, and every single branch that I stepped on would either bend like rubber or snap as easily as a candy cane. It was absolutely horrifying. As I am in this tree trying to shake the handle out of it, Shanandria comes by laughing at us and telling us to give up on it. I was not going to give up on Iron Man. After about twenty minutes, Tarissa and Shanandria decide that they are going to try to throw a rock to me with a rope tied around it, and that would be how they got the rope to me. This tree was not big enough for more than one person at a time. Well, let me just say, they...
Words: 1826 - Pages: 8
...1 Communicable Disease Report Avian Influenza 2 Avian Influenza , also called AI or Bird Flu, is a viral infection that infects domestic poultry, such as chickens, turkeys quail, geese and wild birds as well. The Avian Influenza virus is divided into two groups the highly pathogenic group and the low pathogenic group. The HPAI spreads rapidly among birds and has a high death rate. The LPAI causes only minor illness in birds and occurs naturally in migratory birds. Avian Influenza often causes no apparent signs of illness and in some cases has been reported to cross the species barrier and cause disease and/ or infection in humans. The Avian FLu first infected humans through the H5N1 AI virus in 1997 during an outbreak of AI through poultry in Hong Kong. (Protect Your Birds From Avian Influenza, www.USDA.com ), (Avian influenza, www.WHO.int/mediacentre ). The most recent global outbreak of Avian Influenza found for this report was in 2003, 2004. During this time the Avian Flu spread from Asia to Europe and Africa resulting in millions of poultry infections, hundreds of human cases and many human deaths as a result. In December of 2003 the most recent global outbreak of H5N1 strain of AI began when South Korea identified the virus in their poultry populations. In addition through import and ...
Words: 1538 - Pages: 7
