Premium Essay


In: Business and Management

Submitted By gurpreet316
Words 276
Pages 2
Dear Executives of Sedgman Steel,

In the case of Sedgman Steel, there was more inventory than the company had expected to carry. The amount of inventory that your company had on hand was unnecessary. Sedgman deals with 15 suppliers while its sister plant, which is located in Michigan, is the sole provider of tubing. Sedgman Steel has annual sales of approximately $1.7 billion. “Steel and tubing purchases at Syracuse plant represented approximately $65 to $70 million each year, and the purchasing manager there worked closely with sales to make sure that material costs were properly reflected in selling prices” (227). Alice, the production material control supervisor at Sedgman Steel, was informed by her boss about the large inventory that was on record. When Alice went down to the warehouse to observe what was going on, the warehouse was full with coils of steel and bundles of raw tubes. She also noticed that there was a shortage of staff at the warehouse. Alice happened to only identify five people there at the warehouse when usually there are eight. It’s clear that there aren’t enough people at the warehouse to control what is going in and what is going out. It’s not clear how many people are available in the material control department, but it’s apparent that the department needs more workers to handle inventory control, production planning and scheduling, and customer order fulfillment. My recommendations are that the Sedgman Steel company hire more workers, this way they would be ensured that there isn’t more inventory on record than needed in the warehouse. This would also cut out unnecessary costs for the company as well....

Similar Documents

Free Essay

Ethical Dilemma

...Simon: Erm... What exactly do you mean? James: Well its a situation where a clear sense of right and wrong has become a difficult choice due to the situation you are in. Simon: Just give me a minute to think. James: Take your time, just start whenever you have one. Simon: Well when I was at the quarry we used to have scrap laying around for quite a while that belonged to other companies. One day I noticed that a large pile of scrap steel that had been lying around for a while was not there any more. I thought this was strange as no one was supposed to be coming to pick it up. James: Was it normal for scrap to be lying around for long periods and then going overnight? Simon: No, but I asked everyone around in the quarry and no one seemed to know anything, so I carried on as normal. But on my way to the car park the next day there was a piece of paper lying on the floor. I figured that I must have dropped it myself but when I opened it up it was a receipt from a scrap metal dealers worth a couple of hundred pounds. James: Wow, I’m guessing its not normal to find those around? Simon: No, it was signed by my boss who I then suspected to have stolen the scrap James: Were you a hundred percent sure? Or was there any chance he'd scrapped it for the company who owned it? Simon: He stole it, I was a hundred percent, it's not company policy to do that James: What was the dilemma here? Simon: This was my boss, I had no idea what I was supposed to do James: Did the......

Words: 476 - Pages: 2

Premium Essay

Holguin Ocean Carrier

...purchase the $39,000,000 capsizes if the tax rate is zero % if its 35% it is not a good idea to do so. I came to this conclusion after doing an NPV/IRR analysis with both tax rate % using a 9% discount rate. The NPV with a 35% tax rate is negative 7,007,618 with 0% tax rate is positive 809,107. The IRR with a 35% tax rate is 6.01% with a 0% tax rate it is 9.34%. 2- Ms. Linn should not sale the ship for scrap value for 5 million instead she should do salvage value of the boat and sale the boat for much more. In order to get to this conclusion I created a year forecast for the boat of how much it will make for the remainder 10 years of it life expected. The ship will make above 15 million dollars also whoever buy the ship could later sale it for the scrape value. therefore the ship could be sold to a third person for more than the 5 million that pays to sale it for scrap. 3- In order to complete the revised analysis it is needed to forecast 25 years This is necessary because we want to know the value of the ship until its life expectance. This is related to salvage and scrap value assumed because we in order to know what is better option we need to know how much the boat it going to produce in the 25 years in order to determine if it is better to scrapped or sale it. 4- Ms. Linn should consider the daily hiring because this one will star to go lower meaning the boat will make less capital. Also she should consider the point in when she can get the most for......

Words: 350 - Pages: 2

Premium Essay

Principles of Supervision

...of the supervisors where keeping some of the money for their own personal use. If there had been a whistle-blower early on in the situation, do you think the problem would have grown as large as it did? Why or why not? I think it depends when the whistle-blower came out. For example, if the whistle blower came out 30 years ago, when the practice first started it probably would not have been a big deal. Thirty years ago ethics was not a major concern. Also, since the practice has just started, the amount of money would not have been as large. If the issue would have been raised 10 or 20 years ago, I think the problem would have been resolved. The officials would have given the supervisors clear guidelines about what to do with the scrap metal and they would have complied. Imagine all the money the city would have raised in all those years if they raised 60,000 in a few...

Words: 300 - Pages: 2

Free Essay

Elements of a Marketing Plan

...Plan Pacific Steel & Recycling, Inc. formerly known as Pacific Hide & Fur Depot, has grown from it humble beginnings in 1885 as a buyer of animal pelts, to a company that recycles ferrous scrap metal, paper, cars, aluminum, copper and also sells new steel to the public. The company is has branches in 9 western states, with headquarters in Great Falls, MT, and 1 branch in Alberta, Canada. (Pacific Steel & Recycling, 2015) Key environmental forces: Pacific Steel & Recycling strives to pursue practices that will lead to environmentally friendly decisions and ecological responsibility. Making decisions and creating lifestyles that will help protect the environment while also protecting natural resources is one of the key elements driving the company. One practice supporting this vision is to keep material that is recyclable out of the solid waste streams, making a more responsible use of landfills and turning valuable scrap materials into new products. The company has developed a partnership with the community through trade relationships and the people the company serves. (Pacific Steel & Recycling, 2015) Changes in purchasing patterns: As with oil, steel and scrap prices fluctuate on a regular basis, with the last two years dealing with very low prices scrap markets. As a result the company kept a keen eye on the market and was very careful in purchasing new steel to sell so as not to have inventory overages of material that was not turning over......

Words: 1139 - Pages: 5

Premium Essay


...Ocean Carriers Case Expectations for Daily Spot Hire Rates Next Year Iron ore and coal imports will most probably decrease the upcoming year With the increasing supply of vessels should result in a market surplus By creating this surplus, prices will be driven down, since we will have limited demand and suppliers competing Average daily rates, based on historical numbers, have a direct relationship with the number of shipments. What Factors Drive Average Daily Hire Rates? u  u  Daily hire rates were determined by supply and demand Supply includes all those used in previous year, plus new vessels purchased minus all scrapped vessels New vessels usually were bigger and more efficient, hence fewer ships were needed to carry the same amount of cargo All factors such as age of vessel, size and costs of repair and maintenance come into play in this case Demand was changing due to shipping capacity. When it was high than the use of the vessel was longer. When it was low, then more scrapped would occur u  u  u  Long Term Prospects Company policy not to operate ships older than 15 years Growth in the iron and ore markets Demand for capsizes to be high; increased exports of iron and ore u  Uncertain on expected hire rates Rise in Australian and Indian ore exports Trade volumes higher: Need for new vessels to carry the increase in shipments Should we buy the carrier for 25 years? We will discount all of the Cash Flows at a rate of 6 percent......

Words: 513 - Pages: 3

Premium Essay


...“Culture” The culture of India refers to the way of life of the people of India. India's languages, religions, dance, music, architecture, food, and customs differ from place to place within the country. The Indian culture, often labelled as an amalgamation of several cultures, spans across the Indian subcontinent and has been influenced by a history that is several millennia old.[1][2] Many elements of India's diverse cultures, such as Indian religions, yoga, and Indian cuisine, have had a profound impact across the world ‘Religions” Main article: Religion in India India is the birthplace of Hinduism, Buddhism, Jainism and Sikhism, collectively known as Indian religions Indian religions, also known as Dharmic religions are a major form of world religions along with Abrahamic one. Today, Hinduism and Buddhism are the world's third and fourth-largest religions respectively, with over 2 billion followers altogether, and possibly as many as 2.5 or 2.6 billion followers India is one of the most religiously diverse nations in the world, with some of the most deeply religious societies and cultures. Religion still plays a central and definitive role in the life of many of its people. According to a 2001 census of India, the religion......

Words: 4683 - Pages: 19

Premium Essay


...WEST VISAYAS STATE UNIVERSITY INSTITUTE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY La Paz, Iloilo City A Digital Scrapbook in Basic Networking Submitted to: ARNEL N. SECONDES Subject Instructor Submitted by: Frenze Chloe Baluco Janice Gayapa Christian John Elnacin BSIT 2A October 3, 2014 TABLE OF CONTENTS Title Page Table of Contents Introduction Networking Fundamentals Networking Lexicon Network Types Network Design Standard Topologies Hubs Switches Variation of Major Topologies Network Media Network Cabling: Tangible Physical Media Primary Cable Types Wireless Networking: Intangible Media Types of Wireless Network Network Interface Card Network Interface Card (NIC) Basics Special-Purpose NIC’s References ------------------------------------------------- Networking Fundamentals Networking History and Evolution The earliest form of electronic networking for the purpose of message transfer was the local telephone exchange, which has evolved to become a carrier network providing transport services for both voice and data traffic on a global scale. Data networks designed exclusively for computing environments followed the introduction of business computing in the 1950s. Prior to that time, computers were used mostly for research and national defense purposes. Milestones in the history of data networking include: * 1960s—The first large-scale commercial computer network is created for an airline reservation......

Words: 7158 - Pages: 29

Premium Essay

Scrap of Time

...“A Scrap of Time” An Emotional Take on the Holocaust The work of Ida Fink, the author of “A Scrap of Time” has been characterized as cold, showing a lack of compassion, and stating facts which only appeal to your sense of logic. While Fink could very well be stating facts, she draws the reader in with emotion. From the title of the story to the very last sentence. I, in the next few paragraphs will open your eyes and show you how Ida Fink is undoubtedly appealing to your sense of emotion and not just simply describing a day in the life a Jew in World War II. It’s not that simple. Can someone possibly write a story about the Holocaust and not have an inkling of emotion? The answer is no. The title “Scrap of Time” to me is an emotional title, meaning a seemingly small part of a big, drawn out time in her life. Yet she holds onto it. Keeping this scrap in the back of her mind as a reminder of what once was. An unwanted scrap of the character’s life, a life of segregation, humiliation, and anguish. The narrator recalls, “We had different measure of time, we different ones, always different, always with that mark of difference that moved some of us to pride, and others to humility. We, who because of our difference were condemned once again, as we had been before in history, we were condemned once again during this time measured not in months nor by the rising and setting of the sun, but by a word- “action,” a word signifying movement, a word you would use about a novel......

Words: 1434 - Pages: 6

Free Essay

Pom Article Scraps

...Myanmar Opposition Leader Vows Party Reform By THOMAS FULLER Published: March 10, 2013 * ------------------------------------------------- FACEBOOK * ------------------------------------------------- TWITTER * ------------------------------------------------- GOOGLE+ * ------------------------------------------------- SAVE * ------------------------------------------------- E-MAIL * ------------------------------------------------- SHARE * ------------------------------------------------- PRINT * ------------------------------------------------- REPRINTS * YANGON, Myanmar — Myanmar’s main opposition party ended a congress over the weekend with the party’s leader, Daw Aung San Suu Kyi, calling for a “good relationship” with the powerful military. She vowed to infuse new blood into the party, which is still recovering from more than two decades of persecution under military rule. Connect With Us on Twitter Follow@nytimesworldfor international breaking news and headlines. Twitter List: Reporters and Editors The weekend congress was a showcase for Ms. Aung San Suu Kyi’s efforts to revitalize the party, the National League for Democracy. By the admission of its members, the party has struggled with factionalism and poor management, but many analysts believe it will be the front-runner in national elections in 2015. For the first time since the party was founded nearly 25 years ago, delegates elected members of a central......

Words: 400 - Pages: 2

Premium Essay

5 Free Scrap!

...[Light instrumental music] Verbal communication refers to speech. Within speech, the content or the words themselves have an intended meaning. An additional dimension of meaning is also involved which relates to the way the words are delivered in volume, pitch, tone, and rate. This is also termed "paralanguage." Effective spoken communication requires the appropriate selection of both content and delivery. The content expressed should have clarity, purpose, and meaning to the receiver appropriate to their background and knowledge. The delivery, or paralanguage, used is an even more important consideration. The appropriate tone should be used, preferably one which conveys sincerity, confidence, and respect for the listener. Volume should be suitable, considering the environment, the number of listeners, and the sensitivity of the content. Empathy involves understanding another person's experience from their perspective rather than from your own perspective and being able to convey this understanding to them. Empathy is a vital tool in establishing rapport and building feelings of trust. The key to conveying empathy is the use of active listening. In this process, the receiver of the message checks that they understand what is being said and what may have been omitted. This includes: asking questions to clarify meaning; paraphrasing by stating the message in a shortened version using different words; reflecting the information back, particularly any underlying messages; and......

Words: 278 - Pages: 2

Free Essay

Porous Material Made Out of Al Scraps

...grateful I am. Thanks to you, I have this chance to study in this first class university and finally graduate. I would also like to express my gratitude to lab manager George Yang’s and Rahmat Kartono’s helps and trainings on my experiments. Thanks for all the supports from the the School of Materials Science and Engineering, UNSW Australia. ABSTRACT Recycling aluminium now is fairly popular in the world since more than 15% of the aluminium would be machined down to have the final product. However, melting these Al rubbish to make the ingots is energy consuming and not environmentally friendly. Therefore, the way of using powder metallurgy to make use of these scraps could be an economic way of recycling since it doesn't need to be fully melted. The objective of the project is to use Al6063 scraps to produce porous...

Words: 7001 - Pages: 29

Premium Essay

Has the Time Come to Scrap the Human Rights Act?

...Has the time come to scrap the Human Rights Act? The Human Rights Act is a UK law passed by the Labour government in 1998. It means that you can defend your rights in the UK courts and that public organisations, including the Government, the police and local councils, must treat everyone equally, with fairness, dignity and respect. It incorporates the European Convention on Human Rights (ECHR) into British law and was set up so matters could be dealt with in British courts and people did not have the expense, and lengthy wait, of taking the case to the European Court of Human Rights in Strasbourg. The Conservative party believe that a British Bill of Rights is a much better alternative to the HRA whereas the Liberals truly believe that instead of scrapping it, it should be enhanced and strengthened. Although there are many benefits of having a HRA, the flaws outweigh the argument to keep it and should therefore be scrapped. One argument for the abolition of the HRA is that it makes it difficult to fight terrorism and maintain Law and Order. It is hard to do so as terrorist suspects are protected by one main aspect of the HRA, if there is the possibility of them being tortured when returned to their home country the ECHR can block their deportation. For example, in January 2012, Home Secretary Theresa May wished to have Abu Qatada (Osama bin Laden’s right hand man) deported back to Jordan in order to face a trial. However, the ECHR blocked the deportation of Abu Qatada......

Words: 792 - Pages: 4

Premium Essay

Managerial Accaunting

...Boeing Dreamliner, where the planes with the low quality cost for organization $2.5 billion to add to the planes' quality and alternate clients which are Quantas Airways and a Dubai-based air ship renting firm both crossed out the request for 15 planes with the cost of by and large for $4.5 billion. "Like Boeing, organizations are progressively centered around enhancing the nature of, and decreasing deformities in, their items, administrations, and exercises. A rate of imperfections viewed as typical in the past is no fairer. In this section, we concentrate on three sorts of expenses that emerge as an aftereffect of imperfections—spoilage, rework, and scrap—and approaches to represent them. We likewise describe how to determine (1) cost of products, (2) cost of goods sold, and (3) inventory values when spoilage, rework, and scrap occur.” (Horngren, 2011) Spoilage is units of production—whether fully or partially completed—that do not meet the specifications required by customers for good units and that are discarded or sold at reduced prices....

Words: 1420 - Pages: 6

Free Essay

Tire Shredding Machine Market

...and other materials. They sell their machines at a range of $115,000 to $1,350,000. (Depending on the features of these machines). Also, I found a Chinese company that sells its tire shredder machine for $250,000. According to our case, the manufacturing costs are only $17,000. 3- When do you think that your company will start receiving profits? Due to the high competitive advantage, our sales should sky rocketing, simply, because our costs of manufacturing are extremely low comparing with the market. As a result you should be able to maintain profits at the first your. 4- What is the total available market? There are at least 275 million scrap tires in stockpiles in the U.S. In addition, approximately 290 million scrap tires were generated in 2003. Markets now exist for about 80 percent of scrap tires - up from 17 percent in 1990. The...

Words: 1536 - Pages: 7

Free Essay

Hll Case

...Environmental Pollution at Hindustan Lever’s Kodaikanal Plant In mid-2004, Hindustan Lever Ltd (HLL) executives looked back at the events of the past three years at their mercury thermometer factory in Kodaikanal in the south Indian state of Tamil Nadu. After mercury leakage from the plant had been reported in March 2001, heavy expenditure had been incurred in environmental risk assessment, waste disposal and health monitoring. The expenditure had exceeded the total profits generated by the plant since its inception. But the pressure from NGOs, led by Greenpeace , who had been protesting since March 2001 had not subsided. The NGOs had indulged in novel ways of keeping the issue alive. These included chaining themselves to the HLL branch office in Chennai on 15th November 2002, disrupting the Annual General Meetings (AGMs) of HLL held on 13th June 2003 and 29th June 2004, shouting slogans and brandishing placards and enlisting sympathy from ex-workers and the general public. Greenpeace also maintained the pressure on HLL through its website, photoalbums, posters, persistent media briefing and seminars. The NGOs had most recently attacked HLL in April 2004 in a seminar in Chennai. Even as they waited anxiously for the regulator, Tamil Nadu Pollution Control Board’s (TNPCB) nod to start decontamination of equipment and remediation of soil, HLL’s senior managers believed they had discharged their duties conscientiously. They wondered what more was needed to be done...

Words: 5949 - Pages: 24