Inventory Stratification Essay Example for Free

Inventory Stratification Essay Creating shareholder value is the ultimate goal of all businesses, so all processes should be directly tied to it.(1) The wholesale distributor’s core business process framework is a collection of process groups called 7S source, stock, sell, ship, supply chain planning, and support services. Linking these process groups to shareholder value are the process metrics – percentage of slow moving inventory; and the financial framework. This framework consists of the financial elements – inventory; the financial key performance indicators – GMROII; and the financial drivers – profitability. Inventory stratification is a specific business process under the inventory management subgroup in the stock process of 7S. Like most processes there is a common, good, and best practice for inventory stratification. Inventory stratification which includes the GMROII (gross margin return on inventory investment) method of A, B, C, D, X and Y items is considered best practice. A, B, C, and D represent items in inventory ranked by percentage of profitability from higher profitability down to zero profitability respectively. X and Y represent items with zero inventories, X represents items with gross margin dollars and Y represents items without any gross margin dollars. GMROII focuses on the items profitability making it a financial driver and is considered best practice. However, for optimal inventory stratification solutions, the final rank should include a combination method of the GMROII method; sales volume method – representative of customer-centric data; and the hits method – representative of logistics based data. Once the weighted combination data is compiled, best practices can be implemented throughout all the 7S process  groups and in every section of the financial framework linking inventory stratification (process) directly to four financial drivers: asset efficiency, profitability, cash flow, and growth. These four financial drivers increase ROI (shareholder value). With inventory stratification complete sourcing has integral data to complete best practice process metrics for supplier management. Supplier stratification can help a firm modify their supplier base into one that is profitable and efficient for all channels within the supply chain. Supplier scorecards can be created which leads to numerous financial elements being increased. Inventory stratification is key for best practice levels in determining the right number of suppliers as inventory stratification status of the product in terms of movement and profitability. This indirectly defines the required customer service level as well. With supplier performance improvement, higher satisfaction rates evolve both with the distributor and further more with the customer.. If the distributor is tracking the supplier’s performance and is able to having periodic meetings with their supplier’s based on the results of the scorecards this will drive efficiency and supplier performance improvement. Also, higher supply chain reliability occurs since the supplier knows where the distributors need increased satisfaction levels to be able to continue servicing their customer at high standards. If the scorecard says the supplier is lacking in the area of competitive pricing the distributor then has the data to begin price negotiations. This knowledge allows sourcing through the subgroup supplier management to eliminate suppliers who only provide C and D items finding the right number of suppliers for the organization. Eliminating C and D items reduces inventory and increases GMROII. You now have the option of reinvesting the resulting capital into A and B items, paying back loans, or other business opportunities. In the debt reduction case, the impact can be readily seen on the balance sheet. The investment in A items leads to further sales opportunities. The reinvestments and its associated expected inventory turns will help in calculating additional revenue and resulting improvement in EBITDA. Reinvestments can also be for capital purchases to position the business for future growth. Inventory stratification also affects the ship and store segments of the 7S process group. With the knowledge that can be obtained from the data slow moving items can be  removed from branch inventory and a Regional Distribution Center (RDC) may be implemented. This allows the branches to carry more A or B items, or simply to reduce their inventory cost. RDC’s are usually able to operate with less inventory by sales volume. Labor expense is also reduced driving profitability to the shareholders. Inventory stratification is the primary driver for sales forecast and helps populate fill rates by rank. Forecasted demand combined with lead time and safety stock is the primary component to reorder point. Inventory stratification minimizes the normally time consuming forecast process both with information systems resources and with human resources. The best practice forecasting model is driven off the inventory stratification and is therefore driven by the sell segment, this numerically factual forecast will be void of the emotional forecasting of the sales force. Marketing can use the inventory stratification to process what customers’ needs are or what customers are interested in. Inventory stratification is integral in both customer stratification which once completed and redeployment of the sales force has occurred additional revenues are recognized and cost to serve are reduced again driving profit to shareholders. Customer service often drives large, inefficient inventories in an attempt to be all things to all people. Shareholder value seeks to carry only profitable products, at reasonable levels, producing maximum sales, while also increasing market share. Inventory stratification is an integral part of this process. (1) Optimizing Distributor Profitability: Best Practices to a Stronger Bottom Line, by Senthil Gunasekaran, Pradip Krishnadevarajan, F. Barry Lawrence, NAW Institute for Distribution Excellence 2009.

Tiger Woods :: essays research papers

Tiger Woods Tiger's Real Name: Eldrick Woods. The nick-name "Tiger" was given to him by his father. It's the same nick-name of a South Vietnamese combat buddy, Nguyen Phong, who saved Tiger's father's life a few times in the Vietnam War. Rumor had it that Tiger was planning to official change his name to Tiger Woods when he turned 21 this past December but sources say he didn't do it for some reason. Tiger's Dad: Green Beret Lieutenant Colonel Earl Woods served 2 Tours of Duty in the Vietnam War. Tiger's Mother: Kultida (Tida) Woods. Her maiden name is Kultida Punsawad. Tiger's parents met in Bangkok, Thailand. They got married in 1969. Tiger Born: December 30, 1975 Long Beach, California. Tiger now lives in a new home in Isleworth, Florida. Near the west side of Orlando. Tiger moved to Florida because of the great golf weather and because he is always flying and time zone changes tired him out as he alway lost time when having to fly back to California. Tiger's Ethnicity: African, Thai, Chinese, American Indian, and European. Tiger's Religion: Tiger believes in Buddism. Not every aspect, but most of it. Tiger was 11-months old when he first started swinging a sawed off golf club in his garage. Some sources say he was actually 10-months old. Tiger's Education: In the 7th grade Tiger had a GPA of 3.86! (Now there's the real important stuff.) Tiger spent 2 years at Stanford University in California majoring in Business. Tiger has 2 half brothers and 1 half sister from his fathers first marriage. Tiger loves McDonalds (CheeseBurgers) and Taco Bell. Tiger's Caddy (Guy who carries Tiger's clubs for him): Mike "Fluff" Cowan, used to caddy for another pro, Peter Jacobsen. Tiger's Driver (Big Golf Club) is only 43-inches long, an inch shorter than most clubs used by other professionals. Tiger's Driver Club head is moving at an average speed of 122 mph at impact with the ball. Tiger uses a soft-covered three piece golf ball. My source says he uses the Titleist Pro 100. Others say he also uses the Titleist Pro 90. Tiger has a 35-inch sleeve length. (I know everything!) Tiger has a 28-inch waist size. (He's much stronger than he looks!) Tiger's Golf Coach: Butch Harmon Tiger's Agent: Hughes Norton of International Management Group Most Recent Award: ESPY (ESPN) Award "Breakthrough Athlete of the Year" Tiger is working on 2 golf books with Warner-Books he's getting paid $2.2 Million for them. Tiger's first professional win was the 1996 Las Vegas Invitational. He won $297,000. Tiger's Girlfriend: NONE. Actually, rumor has it that Tyra Banks (The SuperModel) is interested in him. Tiger Woods :: essays research papers Tiger Woods Tiger's Real Name: Eldrick Woods. The nick-name "Tiger" was given to him by his father. It's the same nick-name of a South Vietnamese combat buddy, Nguyen Phong, who saved Tiger's father's life a few times in the Vietnam War. Rumor had it that Tiger was planning to official change his name to Tiger Woods when he turned 21 this past December but sources say he didn't do it for some reason. Tiger's Dad: Green Beret Lieutenant Colonel Earl Woods served 2 Tours of Duty in the Vietnam War. Tiger's Mother: Kultida (Tida) Woods. Her maiden name is Kultida Punsawad. Tiger's parents met in Bangkok, Thailand. They got married in 1969. Tiger Born: December 30, 1975 Long Beach, California. Tiger now lives in a new home in Isleworth, Florida. Near the west side of Orlando. Tiger moved to Florida because of the great golf weather and because he is always flying and time zone changes tired him out as he alway lost time when having to fly back to California. Tiger's Ethnicity: African, Thai, Chinese, American Indian, and European. Tiger's Religion: Tiger believes in Buddism. Not every aspect, but most of it. Tiger was 11-months old when he first started swinging a sawed off golf club in his garage. Some sources say he was actually 10-months old. Tiger's Education: In the 7th grade Tiger had a GPA of 3.86! (Now there's the real important stuff.) Tiger spent 2 years at Stanford University in California majoring in Business. Tiger has 2 half brothers and 1 half sister from his fathers first marriage. Tiger loves McDonalds (CheeseBurgers) and Taco Bell. Tiger's Caddy (Guy who carries Tiger's clubs for him): Mike "Fluff" Cowan, used to caddy for another pro, Peter Jacobsen. Tiger's Driver (Big Golf Club) is only 43-inches long, an inch shorter than most clubs used by other professionals. Tiger's Driver Club head is moving at an average speed of 122 mph at impact with the ball. Tiger uses a soft-covered three piece golf ball. My source says he uses the Titleist Pro 100. Others say he also uses the Titleist Pro 90. Tiger has a 35-inch sleeve length. (I know everything!) Tiger has a 28-inch waist size. (He's much stronger than he looks!) Tiger's Golf Coach: Butch Harmon Tiger's Agent: Hughes Norton of International Management Group Most Recent Award: ESPY (ESPN) Award "Breakthrough Athlete of the Year" Tiger is working on 2 golf books with Warner-Books he's getting paid $2.2 Million for them. Tiger's first professional win was the 1996 Las Vegas Invitational. He won $297,000. Tiger's Girlfriend: NONE. Actually, rumor has it that Tyra Banks (The SuperModel) is interested in him.

E-Marketing study notes

Owned Media: carry communication megs from the org to net users on owned channels(our site) Paid media: properties owned by others who are paid to carry promotional megs (advertising) Earned media: when Individual's conversations become the channel (WHOM) Media type Definition: Examples: The role Benefits Challenges OwnedChannel a brand controls Web site, mobile site, blob twitter account Build for LET RSI with existing potential customers and earn media Control, cost efficiency, longevity, versatility, niche audiences, build B image No guarantees, company communication not trusted, takes time to scale Paid Brand pays to leverage channel Display ads, paid search, sponsorship Shift from foundation to a catalyst that feeds owned and creates earned media In demand, immediacy, scale, controlClutter, declining response rates, poor credibility limited control Earned When customers become the channel WHOM, Buzz, viral Listen & respond – earned M Is result of well executed & coordinat ed owned/pall media Most credible, key role in most sales, transparent and lives on No control, can be negative, scale, hard to measure Owned media: Content marketing: strategy involving creating & publishing content on sites and in social media.Having content available to inform ,entertain and engage users when eek the company Companies organizing themselves as media publishers online All owned media is content Sell digital content on media (music software), accept Google Ad Sense and recover payments when click on ads. Websites: Marketing public relations (MR.) brand related actively & non paid, 3rd party media coverage to positively Influence market. DVD for using W to publish plus Info: low cost alternative, Info updated, can reach new prospects. Entertain, build communities, communication channel, provide info and

Information Technology Manager Acting As A Purchasing Agent

The purpose of the study was to identify the means whereby a given organization’s Information Technology manager acting as a purchasing agent, participates in fraudulent activities, including obtaining kickbacks from vendors. This study examined measures and actions that chief information officers or chief technology officers might mandate to reduce fraud or other unethical practices while protecting the reputation of the organization, and the infrastructure of the computer systems. The results identified the importance of these measures in effectively reducing the amount of fraudulent activities. Evaluating Unethical Decision Consequences This paper provides an identification of potential means whereby Information Technology (IT)†¦show more content†¦Charges of corruption may be alleged, and could be either real or imaginary. Consequently, an organization’s best defense against fraud is to be proactive, including gaining an understanding of how to identify potential indicators of corruptive behavior by managers. It is important that the organization take action as quickly as possible to prevent corruption. Further, examination of common indicators of potential corruption, and abuse is beneficial in the identification of potential information technology fraudulent activities. Identified Types of Fraudulent Activity At almost any stage, there is potential for fraudulent activity in the IT procurement process. These activities may include a range of activities on the part of the fraudulent manager. As reported by the ACFE (2010), these fraudulent activities on the part of procurement managers include a variety of actions. Accordingly, some identified types of fraudulent activities reported in the 2010 study included categories such as: selecting those information technology projects that result in a higher return value, with specifications tailored in a manner that limited competition or favored a particular bidder, and abuse by the IT managers of confidentiality. Moreover, other potential fraudulent activity might include manipulating the preparation, which