...1.0 Introduction Armco Inc. is a steel manufacturer that used to be the sixth largest in its industry in US (in 1990). The Kansas City Works within its Midwestern Steel Division was hit by the decline in the business in the US steel industry despite its good performance in the past. Consequently, it downsized and incurred significant losses in most of the 1980s. This entity produces two primary products including grinding media and carbon wire rod, one being recognized in the industry for its durability while the later being non profitable and only covering some of its fixed costs through volume. 2.0 What’s wrong with the old system? (a) Inconsistency with organization’s strategy The Objective of Armco Inc. is maximizing profits and sustaining its position among the leaders in the US manufacturing steel industry. To achieve this objective, Armco has adopted a cost leadership strategy with a broad appeal and has managed to grow bigger through joint ventures and expansion of its product lines in implementing its strategy. However, the strategy adopted by the Kansas City Works is based on differentiation due to its cost disadvantages such as union labor costs and inefficient plant infrastructure.Union labor costs in Kansas City were higher than those of some of its nonunion competitors, particularly those located in the Southeastern U.S. and non-U.S. locations. The Works had an inefficient plant infrastructure because the plant was designed to accommodate five times as many employees...
Words: 660 - Pages: 3
...Sharrain Walls Variance Analysis Grand Canyon University: HCA-530 July 5, 2016 Introduction Various reports help with viewing and keeping track of the productivity of a department. Managers find these reports very helpful with assisting to find an issue, trend, overspending, and underspending. A report commonly used is a variance report, which compares the planned amount to the actual amount. This report is critical in determining major decisions and viewing fluctuations. The report can be in the form of a table or graph and can be considered favorable or unfavorable based on the results. Vice Presidents look for the report to be clear and direct. Managers should include all factors associated with the variance report as well as the relationships between variance reporting, interpreting variance report results, and actual reports. Variance Analysis When viewing the results of the report consider the hospital size and utilization of the services offered by the hospital. When performing a variance analysis, relationships can be identified. Favorable (positive) and unfavorable (negative) correlations are critical in business planning. An example would be, variance analysis may show that when sales for product a rise in sales for product B. This type of relationship may be used for success of other products (Cross, N.d.). When using a variance report for forecasting variance data allows managers to identify factors such as seasonal changes for the favorable and unfavorable...
Words: 650 - Pages: 3
... UNCLASSIFIED SECURITY CLASSIFICATION OF THIS PAGE REPORT DOCUMENTATION PAGE lb RESTRICTIVE MARKINGS Ia.REPORT SECURITY CLASSIFICATION Unclassif led 2a. SECURITY CLASSIFICATION AUTHORITY 3. DISTRIBUTION /AVAILABILITY OF REPORT 2b. DECLASSIFICATIONiDOWNGRADING Approved for public release; distribution is SCHEDULE unlimited. 5. MONITORING ORGANIZATION REPORT NUMBER(S) 4. PERFORMING ORGANIZATION REPORT NUMBER(S) 6a. NAME OF PERFORMING ORGANIZATION 6b. OFFICE SYMBOL 7a. NAME OF MONITORING ORGANIZATION (If applicable) I Code 37 Naval Postgraduate School Naval Postgraduate School 7b. ADDRESS (City, State, and ZIP Code) 6c. ADDRESS (City, State, and ZIPCode) Monterey, Ca. Monterey, Ca. 94943-5000 9. PROCUREMENT INSTRUMENT IDENTIFICATION NUMBER A 8b. OFFICE SYMBOL (If applicable) 8a. NAME OF FUNDING/SPONSORING ORGANIZATION 93943-5000 10. SOURCE OF FUNDING NUMBERS 8c. ADDRESS (City, State, and ZIP Code) PROGRAM ELEMENT NO. WORK UNIT ACCESSION NO. TASK NO. PROJECT NO. II. TITLE (Include Security Classification) * Automated Financial Management Information System for Navy Field Activity Comptrollers 12. PERSONAL AUTHOR(S) Tar Taylor, Shaun Kevin ShaunE OFKevineoDa)IS 13b. TIME COVERED TO FROM 16. SUPPLEMENTARY NOTATION The views expressed in Master s Thesis ([fonthDay) ,4 DATE OF 13a. TYPE OF REPORT AE ON ,s PAGE COUNT i 110 this thesis...
Words: 17752 - Pages: 72
...HOW TO WRITE A TECHNICAL REPORT by Alan Smithee A report submitted in partial fulfillment of the requirements for ME 000 Some Course Department of Mechanical Engineering Fictitious Institute of Technology 01 January 9999 ABSTRACT Mechanics of writing a technical report is explained in a pseudo report format. The purpose of this pseudo report is to explain the contents of a typical engineering report. It can also be used as a template for an actual engineering report. With some adaptation, the format can be extended to other type of technical writings as well. TABLE OF CONTENTS ABSTRACT ................................................................................................................................i LIST OF FIGURES AND TABLES ......................................................................................... iii LIST OF SYMBOLS .................................................................................................................iv ACKNOWLEDGEMENTS ........................................................................................................v INTRODUCTION ......................................................................................................................1 EXPERIMENTAL DETAILS.....................................................................................................1 RESULTS AND DISCUSSIONS................................................................................................2 SECTION DESCRIPTIONS...
Words: 3413 - Pages: 14
...Pharmaceutical Industry to increase sales throughthe Pharmaceutical Industry to increase sales through better customer relationship management.better customer relationship management. 3. 3. MRWebPlus deliversMRWebPlus delivers Online ReportingOnline Reporting Ease of UseEase of Use Low Cost of OwnershipLow Cost of Ownership needed to succeed in today’s challengingneeded to succeed in today’s challenging business environment.business environment. 4. 4. Monthly processMonthly process Reports give out meaningful info which help MRs to perform better ASM can generate Employee Activity Report Product and doctor wise details of promotion, Call Monitoring Report etc ASM can generate Daily call summary Territory wise sales analysis etc MR enters Daily Call Report MR makes daily sales calls to doctors ASM approves Tour Program MR enters Tour ProgramMR enters Tour Program for the monthfor the month starts here MRWebPlusMRWebPlus 5. 5. MRs do not submit call reports on timeMRs do not submit call reports on time Collation of data is tediousCollation of data is tedious Productivity of the sales team is unknownProductivity of the sales team is unknown Analysis of data is time consumingAnalysis of data is time consuming Online tracking of sales team’s efforts is difficultOnline tracking of sales team’s efforts is difficult ChallengesChallenges faced by Pharma Companies 6. 6. Are you hassled by loads of tediousAre you hassled by loads of tedious paperwork?paperwork? Still going through...
Words: 420 - Pages: 2
................................... P. 6 Reliability .................................................................................................... P. 7 Clarity ......................................................................................................... P. 8 Conclusion .................................................................................................... P. 9 Bibliography .............................................................................................. P. 10 Introduction Global Reporting Initiative (GRI) is provides the globally applicable guidelines to business organization that voluntary use to design and ensure the quality of their sustainability reports. GRI framework is helping the organization to measure and report the sustainability report’s three aspects that includes economics, environmental and social performance. This framework can be used in any size, industry or location. (G3 guideline, p2) Bel Group is a global brand which supplies different type of cheese and provide food service. Headquarters of Bel Group is in France. It provides their product to...
Words: 2186 - Pages: 9
...Leslie M. Rogakis HCA 240-0500 03/29/2015 Professor Tirizia York Variance Analysis A variable department manager has many factors to consider when interpreting and analyzing a variance report. Variances can be attributed to factors such as increased or decreased volume, wage increases, cost increases for equipment and cost increases for supplies. Variance reports are a tool that can be utilized to analyze how well a company is doing with meeting current budgetary goals as well as a means for forecasting information for future budgets. In preparing a variance analysis report to be presented to the vice president, the information needs to be simple enough to understand easily, but detailed enough for the information to be useful to the person reading the report. To ensure a well-rounded variance report it should include information such as budgeted values, the actual values for the specific term as well as the overall variance. This paper will explain the relationships between variance reporting, interpreting or analyzing variance report results, and actual results of performance. A variance report is a valuable tool used to analyze a company’s or a specific department’s performance in a given period. When variances in wages occur, there are several factors that could have contributed to that variance. Such factors include higher than expected patients admittance, longer than average patient days and possibly wage increases awarded to staff. An additional factor could...
Words: 1238 - Pages: 5
...Laboratory Report Format 1. Title Page: The following is an example of the proper lab report title page format. Of course, you must substitute information pertinent to the specific lab and course. The title page will be a single, whole page. Laboratory Exercise #1 Verification of Ohm's Law by Fred Derf Lab Partner: Jonathan Dough EETH 1811 Electronic Circuit Technology Lecture Section 001 Lab Section 101 Performed on: February 31, 1994 Submitted on: March 1, 1994 To: Dr. Pepper 2. Objective(s) Describe in formal language (third person impersonal) the objective(s) of the lab. State the rules or theories to be investigated in the lab. Rule of thumb: someone else, using the same knowledge you have, should be able to complete the task given this information alone. In some cases, lab objectives may be given to you. You should expand these supplied objectives whenever appropriate. List all components (including values) and major equipment required to perform the exercise. Be sure to include make, model, and serial numbers of all equipment used. This listing should not include items such as meter leads or jumper wires, which are required for the use of the laboratory equipment. By listing the equipment itself it is implied that the necessary meter leads or other connecting apparatus is included. Provide all detailed schematics which, when implemented, will produce the results desired. Do not include developmental schematics here. Computer drawn schematics are preferable...
Words: 772 - Pages: 4
...[PROJECT STATUS REPORT] Rev. 1.0, 25/10/2013 Company here Bi-weekly Project Status Report GENERAL INFORMATION Project Name Project Manager Project ID Number Prepared by Project Sponsor Reporting Period Ending Date [DD/MM/YYYY] Report Number Section I TASKS/MILESTONES COMPLETED This section only includes tasks/milestones that are completed since last reporting period (Report Number CT-BWR-09, dated 23/05/2012). [Insert rows as needed] Description of Task/Milestone Baseline Finish Date [DD/MM/YYYY] Current Status* Actual Finish Date [DD/MM/YYYY] Remarks [PROJECT STATUS REPORT] Rev. 1.0, 25/10/2013 Section II Company here ISSUES IDENTIFIED [Insert rows as needed] Description of Issue Reported by Reported Date [DD/MM/YYYY] Estimated Resolution Date [DD/MM/YYYY] Remarks Section III PROJECT CHANGES [Insert rows as needed] Change Reques t ID No. Description of Change Change Requestor Approval Status Action Steps Actual Resolution Date [DD/MM/YYYY] Current Change Status* [PROJECT STATUS REPORT] Rev. 1.0, 25/10/2013 Section IV Company here UPCOMING TASKS/MILESTONES This section only includes tasks/milestones that are to be completed by next reporting period, ending 06/06/2012. [Insert rows as needed] Description of Task/Milestone Baseline Finish Date [DD/MM/YYYY] Current Status* Remarks *Key: This column should be populated with the task/milestone current status. Valid options...
Words: 386 - Pages: 2
...sustainability report considers the contribution and impact that non-financial issues have on the company, it can range from Governance to Climate Change. It is a complex concept, but in summary it is “meeting the needs of the present without compromising the ability of future generations to meet their own needs”. – www.sustain.ucla.edu Recently reporting on certain sustainability issues have now become mandatory to report – “UK government announces that under the Companies Act 2006, companies are now required to report their emissions in their directors’ report”. * Why is it important Along with the recent introduction of the G4 standards and the GRI recommendations, the significance of a sustainability report has become progressively more critical as pressures on companies both publically and institutionally to provide and publish reports increases in light of recent natural disasters. It is said that we “use about 40% more resources every year compared to what we put back”, some companies make it their mission to make it known that they give back to the environment e.g. Velvet. There is a need for a measurement system to be put in place to assess industry’s impact however currently accounting is inadequate for numerous reasons. - - http://ezproxy.bcu.ac.uk:2055/science/article/pii/S0155998210000128 The increase in awareness has meant that external users e.g. customers, investors and even shareholders are making decisions based on these reports. Detailed reports may...
Words: 699 - Pages: 3
...SESSION: MARCH 2011-SEPTEMBER 2011 NIPS COLLEGE OF IT AND MANAGEMENT ALL AHABAD [Synopsis and Project Guidelines] MCA-6th Semester BCA-6th Semester PGDCA-2nd Semester And MBA-4th Semester IMPORTANT DATE S ynopsis Approval Last Date Project S ubmission Date MBA S ynopsis Approval Last Date MBA Project S ubmission Date : : : : 20/05/2011 27/07/2011 30/05/2011 10/08/2011 IMPORTANT INFORMATION MCA-6th S em Project Coordinator PGDCA-2nd S em Project Coordinator BCA-6th Sem Project Coordinator MBA- 4th S em Project Coordinator : Mrs Seema S rivastava : Mr.Gangesh Kumar :Mr.Deepak Mishra Ph:9451686685 :Mr. Jitendra Kumar Keswani Ph: 8081313153 SYNOPSIS GUIDELINE SYNOPSIS AND PROJECT GUIDELINES MCA- BCA- PGDCAMCA -6 BCA-6 & PGDCA -2 Synopsis Format 1. Introduction Of Project 2. Objective Of The Project 3. Scope Of The Project 4. Project Plan 5. The Existing System 6. Background Of The Organization 7. Current Problems 8. Areas For Improvement 9. Proposed System 10. Input/Output Requirement 11. Hardware And Software Requirement 12. Database Requirement 13. System Design 14. Tables And Fields For Database 15. Database Dictionary 16. E-R Diagram 17. ‘0’ Level DFD 18. ‘1’ Level DFD 19. Security Control 20. Future Scope Of The Project 21. Conclusion NIPS COLLEGE OF IT & MANAGEMENT ALLAHABAD Ph: 0532-3291133 th th nd 1 SYNOPSIS AND PROJECT GUIDELINES 22. Reference Or Bibliography Some Suggested Project Title 1. Bank Transactions Management 2. Hotel...
Words: 1572 - Pages: 7
...coin, it could be an advanced neural network application focused on detecting money laundering schemes. Whether it is simple or advanced, data analysis provides many benefits in the prevention and detection of fraud. On one hand, the fraud examiner gains insight on 100 percent of an organization’s transaction data vs. more limited manual methods of selection. Further, this approach can generally be completed in less time than manual procedures, given the automation of the work. Examiners also gain improved business intelligence as the generated reports often lead to conclusions beyond whether just fraud occurred. Such new insights can lead to suggested process improvements to the client. The Institute of Internal Auditors (IIA) Research Foundation recently announced the posting of a free online document to help fraud examiners worldwide use computers to fight fraud. Proactively Detecting Occupational Fraud Using Computer Audit Reports, written by the author of this article, is designed to assist fraud examiners and management in implementing data analysis...
Words: 2941 - Pages: 12
...1/27/2016 CARFAX Vehicle History Report for this 2005 NISSAN 350Z ROADSTER: JN1AZ36A55M760083 For Personal Use Only Vehicle Information: No accident / damage reported to CARFAX 2005 NISSAN 350Z ROADSTER VIN: JN1AZ36A55M760083 ROADSTER 3.5L V6 FI DOHC 24V REAR WHEEL DRIVE Standard Equipment | Safety Options 2 Previous owners 3 Service records available Personal vehicle 130,424 Last reported odometer reading Worth $90 more than retail book value This CARFAX Vehicle History Report is based only on information supplied to CARFAX and available as of 1/27/16 at 5:16:33 PM (EST). Other information about this vehicle, including problems, may not have been reported to CARFAX. Use this report as one important tool, along with a vehicle inspection and test drive, to make a better decision about your next used car. Price Calculator™ Adjust the value of this 2005 Nissan 350Z Roadster based on the information available in this report 1) Retail Book Value 2) CARFAX Price Adjustment™ + $90 $ Enter retail book value here 3) Adjusted Retail Value Begin by entering the retail book value Above retail book value Ownership History Owner 1 Owner 2 The number of owners is estimated Year purchased 2005 2015 Type of owner Personal Personal Estimated length of ownership 9 years 6 months Owned in the following states/provinces California California Estimated miles driven per year 14...
Words: 1343 - Pages: 6
...Assessment Task 3 Notification BUSINESS STUDIES PRELIMINARY ASSESSMENT TASK Assessment Task 3 Notification Assessment Task 3: A BUSINESS REPORT Date Issued: Wednesday 6th May, 2013. Subject: Preliminary Business Studies, Topics: 1-3 Title of Task: Business Report on an SME Weighting: 30% Due Date: Part 1 - This should be presented to your teacher by Friday 17th May (Wk 3). It may be presented as either one page of notes or a one page mind map. Part 2 - Tuesday 11 June 2013 (in your lesson), 2013 Term 2, Week 7 (PF- P4, MW-P3) Component: Inquiry & research, Communication of business information, ideas & issues in appropriate forms, Knowledge and understanding of course content Outcomes: P1 discusses the nature of the business, its role in society and its legal structure P2 explains internal and external influences on business P3 describes factors contributing to the success or failure of small to medium business enterprises P4 assesses the processes and interdependence of key business functions P6 analyses the responsibilities of business to internal and external stakeholders P7 plans and conducts investigations into contemporary business issues P8 evaluates information for actual business situations P9 communicates business information and issues in appropriate format Outcomes: P1 discusses the nature of the business, its role in society...
Words: 1119 - Pages: 5
...concept and benefits of having a budgetary control system. The Concept Budgetary Control In order for a company to operate successful, it is important for the company to evaluate its financial status on a weekly, monthly and/or quarterly basis. In order to do so a budgetary control reporting system must be created. This system identifies which type of budget reports will be created to compare the actual financial activity of the company with the projected activity, when each report will be evaluated, and what information will be obtain from the reports. Once reports are analyzed by executives and managers try to determine what may have caused the budget variance as well as trying to correct the problem to improve the outcome. Budget Formats and How They Are Used The type of budget format used for a company depends on how the company wants to analyze its financial activity. The two budget formats are static and flexible. Static budget reports are used by an company that analyzes its financial activity as a whole. Many companies use a static budget report when creating a master budget. Flexible budget reports are used for a company that analyzes it financial activity by departments. There are companies that use both a static budget and flexible budget when analyzing financial activity because it provides a breakdown of variable costs and fixed costs during a reporting period. Benefits of Budgetary Control There is no guarantee that a company will always have financial...
Words: 426 - Pages: 2
