PCI, Case Study, Mia Case Study Essay Example

PCI, Case Study, Mia Case Study Paper INTRODUCTION The issue started on February 2008 when the new appointed Managing Director of PCI Sdn Bhd, En Ghani reviewed 2007 Financial Report and found out there were recent increases in costs of goods sold and inventories. The rate of increase in costs of goods sold had been disproportionate with growth of sales. En Ghani was informed that one of the reasons for the increase in cost was because of the current purchasing system that contributes to redundant purchasing and high inventory holding costs. Siti Aminah, the Chief of Financial Officer was asked to review the current purchasing system and suggested the need to implement a new computerized purchasing system that would help relieve some of its manual operations and at the same time would ensure it has the proper controls in place. En Ghani requested a formal report on current purchasing system and suggestion for a new system before the next management meeting which would be in two weeks time. En Ghani assigned Siti Aminah on the special task instead of the senior Chief Production Officer and she did not have any experience in system and technology. We will write a custom essay sample on PCI, Case Study, Mia Case Study specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on PCI, Case Study, Mia Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on PCI, Case Study, Mia Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The new system must be able to reduce costs, enhance control and provide easy management of users and services in qualitative and quantitative ways. CHARACTERS En Ghani : as the new appointed Managing Director of Penda Cable Industry Berhad, who reviewed past year Financial Report and asked for formal report from Siti Aminah. Siti Aminah : the Chief of Financial Officer that being asked to make formal report instead of the Senior Chief of Financial Officer. CURRENT PURCHASING SYSTEM IN PCI Purpose : to ensure the purchase of raw material (exclude external Aluminium cable scap) that was required for the manufacturing of cable, conductors and associated products. 1) Monthly Raw Material Summary Cik Lim General Manager of Material Resources and Planning En Razi Assistant Purchasing Manager (MRMS) Review 1st week of Forecasted Monthly Every month Material Requirement En Sam General Manager Purchasing (MMR)MRMS Planning Section En Razi 2) Cik Anne Purchasing Clerk RM100 000 En Ghani Filing En Min Raw Material Storekeeper RM 100 000 Cik Lim PURCHASE ORDER COCORDER CONFIRMATION CompetitiveNot En Sam En Razi Vendors Competitive Quotation Quotation 3) Suppliers Invoices Cik Lim Cik Anne Coded, Batched and Checked Invoices Delivery Store Received a) Verification Order Notes b) Account Payable Reference No. En Min c) Update Account Payable list in Assistant Finance Manager the computer. 4) Enclosed with the return receipt of cheque / TT for notification of payment DO,COC Vendors MaterialRAW MATERIAL STORE RMRR VCAR Financial Department (for payment) InvoicePURCHASING SECTIONShipping Document Shipping PCI BANK Document VOUCHER Voucher Approved Delivery Order RMS 2 Form Purchasing Clerk En Min Assistant Finance Manager Signed QUANTITATIVE DECISION | 2006| 2007| GROSS PROFIT MARGIN(Gross Profit/Revenue)| (12086851/176877312) = 0. 07| (48053370/298146915) =0. 16| OPERATING PROFIT MARGIN(Operating Profit/Revenue)| (6386819)/176877312 =(0. 03)| 35657392/298146915 =0. 12| INVENTORY TURNOVER(COGS/Inventories)| (164,790,461)/27434751=(6) | (250,093,545)/45,575,893=(5. 48)| AVERAGE COLLECTION PERIOD(Debtors/(Revenue/360))| 15,506,128/(176,877,312/360) =31. days| 8,453,275/(298,146,915/360) =10 days| Gross Profit Margin When the company shows the higher GPM, it indicates that the company is better in controlling their cost of sales. PCI gross profit margin in 2007 is higher than 2006. It means that the company can manage their cost of sales. For becoming years they need to make an agreement with their suppliers to prevent raw material price increase. Operating Profit Margin When the company shows higher operating profit margin ratio, it indicates that the company is profitable. Based on the calculation, PCI current year shows an improvement from the previous year. For becoming years, operating expenses in terms of administrative and selling expenses need to be avoided from getting increase to maintain the profit. Average Collection Period (Debtor) The shorter the period to collect payment from debtors, the more efficient the company is in handling their debtors. CONCLUSION As for conclusion, Siti Aminah can suggest only to maintain their old system instead of new purchasing system. This is because, the current situation did not incurred too much damage to the company, the company still can sustain even though they have to buy the raw materials in higher price. PCI is not the only company that have problem in purchasing their raw materials but all the purchasing departments across the industry experienced similar dilemma. Their main dilemma included establishing and maintaining profitable supplier relationships, confronting the problem of price increases and ensuring supply quantity. What they need actually do is to pressure suppliers to keep prices low when the cost of raw materials decreases. They can better do this by keeping their own tabs on the raw materials market.

Explain the distinction between transaction costs and other costs that occur in economic systems.

Explain the distinction between transaction costs and other costs that occur in economic systems. IntroductionThe economic importance of transaction costs in widely recognized. In modern economies, transaction costs have become equally (and perhaps more) important than production costs. Early economic theory focused entirely on production costs assuming that transaction costs did not exist. However, nowadays it has become relatively more sensible to do research in transaction cost rather than production cost.Naturally, there are four parts to the essay. The first part explains the definition of transaction cost. The following parts try to compare the difference with production costs and look at factors contribute to transaction costs. The last part is giving case on retail industry to analysis changes in transaction cost cause restructure such as vertical integration, multi-channel and so on. I would like to point out to possible problems with finding support for the conclusions reached in this paper.Main body1 Definition of transaction costTransaction cost has been described by Arrow as the costs of running the economic system but besides that no clear definition has been provided.English: Sample solvency cone in 2 dimensions with...Broadly speaking, Transaction Costs are all costs of organizing and facilitating exchanges. They are not incurred by firms only. We as individuals incur transaction costs, when we buy a packet of cigarettes from newsagent or purchase cinema tickets. They account for over one third of US economy and are even higher for less efficient economies.A number of kinds of transaction cost have come to be known by particular names. Search and information costs are costs such as those incurred in determining that the required good is available on the market, who has the lowest price, etc.. Bargaining costs are the costs required to come to an acceptable agreement with the other party to the transaction, drawing up an appropriate contract, etc.. Policing and enforcement costs are the costs of making...

Analyzing The Moral Panic Of Media Media Essay

Analyzing The Moral Panic Of Media Media Essay Thompson(1998) describes 5 key elements in a moral panic. It is something or someone who is defined as a threat to values and interests; the threat is depicted in an easily recognisable form by the media, with use of aspects such as Exaggeration, distortion, prediction and symbolisation. This then causes a rapid build up of public concern. Newspaper coverage and news broadcasts are commonly known to exaggerate issues in society which then encourage the public to react timorous to the concerns. Lastly, moral panics are continuously used to result in; a response from the authorities or opinion-makers. Thus, this included changes made evident from law enforcement, the councils and general charity organisations. The final element is that panic recedes or results in social changes. There are many issues that are often subject to moral panics such as Youth Crime/Gun Crime, Binge Drinking, child abuse, sex and violent behaviour, drug abuse, paedophilia, the law and asylum seekers and immig ration policy. A moral panic can be defined in several ways, one definition is a kind of short-hand for public hysteria, by definition irrational, and is almost always held to be indicative of someone elses behaviour rather than our own (Critcher, 2003). The media directs its judgments and perspectives at members of society that are classed as unacceptable or deviant. In his book Moral Panics and the Media, Chas Critcher explains that Moral panics involve a  ¿Ã‚ ½heightened level of concern over the behaviour of a certain group or category and the consequences that the behaviour presumably cause for the rest of society(Critcher,2003,pg 23). A moral panic must be manifested in concrete ways in other words there must be a public commentary in the form of media; such as newspaper coverage and news broadcasts. In relation to Thompsons description the media then proposes legislation and social movement activity. The media is acting as a voice for the public; some may argue that it offe rs biased/distorted views of issues which therefore cause a moral panic. Conversely, it can also be argued that the media plays a crucial role in establishing a moral panic as a way of creating awareness to the public; thus without media involvement this is not possible. A key subject that is continuously making heavy appearances in tabloid newspapers and news broadcasts daily; is Gun/Knife crime which is commonly affiliated with youth culture/youth gangs. To understand how Thompsons, Critchers and other theorists concept of moral panic works, analysis of media coverage is critical. The media has developed and distorted representations of British youth for a long time, and certain coverage in British cinema, documentaries, press coverage and broadcasting have made it evident that the representation of  ¿Ã‚ ½youth ¿Ã‚ ½ is seen as a threat to many. However the coverage differentiates from different forms of media. The coverage of moral panics in broadcasting differs to press; tel evision news broadcasts, are described as unbiased and therefore have a minor affect on moral panics as the impact might have not been on such a large scale. However in major moral panics they tend to have the same large amount of coverage on daily.

Comparative Media Analysis Research Paper Example | Topics and Well Written Essays - 250 words

Comparative Media Analysis - Research Paper Example The first article is on the report that was presented by Chymlley Organization. According to the article, they had a perception that the use of pests is not effective given the fact that this is another way that reduces the insects that are in the environment. According to the organization, their view in regard to the pests, they view them with an aesthetic perception and not in a layman’s way. This is the benefits accrued o having diverse types of animals (Mtsiva, 2003). The National Environment Management Authority, (NEMA) of the republic of Singapore however encourages this natural suggestion in controlling pests. According to the organization, they view this as an environmental friendly method owing to the fact that there is no chemical that is discharged on to the ground. The organization considers this method in mind environmental conservation (Khopkar, 2007). The weakness of these two articles is that in the first article, it focuses on the aesthetic benefits of the pests and insects but not mentioning the adverse effects of the pests on productivity. The second article on the other hand focuses on the environmental conservation measures but not mentioning the ecological balance in terms of biodiversity (Bharuch,

International Terrorism Essay Example | Topics and Well Written Essays - 2000 words

International Terrorism - Essay Example From this paper, it is clear that the first considered anarchist of his time was Pierre-Joseph Proudhon who went against the appropriateness of a central government calling for its abolition to be replaced by a system of autonomous groups and communities which was virtually governed by contract and mutual interest in place of laws. Mikhail Bakunin believed that only thru destruction can a society with a collective ownership of the means of production be created. The violent nature of anarchists saw its beginnings in Errico Malatesta’s theory that only thru the propaganda by deed can socialist principles are achieved. Thus began the murders of President Sadi Carnot of France (1894), Antonio Cà ¡novas del Castillo, the prime minister of Spain (1897), Empress Elizabeth of Austria (1898), King Umberto of Italy (1900), President William McKinley of the United States (1901) and Josà © Canalejas y Mà ©ndez, another Spanish prime minister (1912). August Spies wrote in 1886 that â⠂¬Å"A pound of dynamite is worth a bushel of bullets† and soon enough seven policemen were killed by a bomb thrown at them while dispersing a strike. France had its Restaurant Và ©ry dynamited in 1892. This paper makes a conclusion that as many writers would attest, their ideas only gain prominence thru publicity and the more they get exposed to the public, the more they will be discussed. And in addition, this presents a problem to the authorities especially now that information can be disseminated by just surfing the internet.... (Wikipedia, 2007) The problem with the definitions by these scholars and the institutions as well is that who determines who the terrorist are. For the government, any act that uses force to pursue a goal can be called a 'defense' act and the violence associated with it can be much more massive than what a suicide bomber can do. If we consider the actions taken, for example, by the CIA to topple governments such as that of Fidel Castro's Cuba, we see that it was not considered as a terrorist act but a matter of pursuing national security. However, in the definitions that these people offer, these acts uses deliberate force and violence to achieve a political goal. The arguments surrounding the definition of what is a terrorist is best summed up by the popular saying, "One man's terrorist may be another man's freedom fighter." 2.0 Justifications of Terrorists In the popular media, we are bombarded with pictures of men, women and even children tagged as terrorists. If we take a closer look, however, we notice that these people are actually ordinary people who we may have met in a public place. What concerns us now and to most people is to know what drives them to blow up themselves and take as many people's lives with them. We have mentioned that one's man's terrorist may be another man's freedom fighter. In this context, we find that most people give up their lives and kill people in the process in the belief that they are doing so as a service to their cause. Some organizations tagged as terrorist groups take on a religious color blended with political goals. According to the United States Department of State, the most prominent of these are Muslim organizations such as Islamic Jihad

Employee Engagement and Grievance Handling Essay Example for Free

Employee Engagement and Grievance Handling Essay Title of the Project Employee Engagement and Grievance Handling Process Statement about the Problem This topic has been chosen because in every organization, employee engagement activities are conducted as employee  productivity  is clearly connected with employee engagement. It is a  business management  concept. An engaged employee is one who is fully involved in, and enthusiastic about his work, and thus will act in a way that furthers their  organizations interests. Thus, engagement is distinctively different from employee satisfaction, motivation and organizational culture. An integral part of employee engagement is a strong grievance handling mechanism. Objectives and Scope of Study a. Analyze the Employee Engagement activities that are being done at ‘Indigo’and the outcomes of these activities. b. Understand the process mapping for employee engagement. c. Techniques used for engaging employees in our organization d. Grievance handling process e. Introduction and types of grievances. f. Discuss the grievance handling process at organizational, process, project ; individual level g. Methods used in grievance handling h. Understand how Employee Engagement activities and Grievance Handling processes go hand in hand. Methodology Research methodology talks about data collection of the project work. The data collection as such is divided into: I. Primary Data a. Questionnaire survey b. Face-to-face discussion with existing employees who are there in the organization for more than six months or so. c. Discussion with Human Resource specialists. II. Secondary Data 1) Journals 2) Company records and reports 3) Internet Searches 4) External websites 5) On line survey conducted by company.

Light Paper -- essays research papers fc

Light is a kind of electromagnetic radiation. It is made up of vibrations between a certain group of frequencies. When light is given off from a source it spreads out over a larger area. Scientists are still dumbfounded by exactly what light is. When light hits a smooth or polished surface it "bounces" off at the same angle that it hit. Reflecting telescopes are made of concave mirrors and they have helped astronomers chart the universe because the mirrors interact with each other to magnify what is being observed. Refraction is when light bends as it goes through glass, water and other transparent objects that are denser than air. A prism is an instrument that spreads out a ray of light into the color spectrum. A lens is another instrument that uses the light refraction, but lenses are put to more practical uses (I’m not saying that a mirror isn’t practical enough.). ______________________________________________________________________ Welcome to the wonderful world of light, including the refraction and reflection of light. Refraction is the bending of light when it travels through a denser, or thicker material, such as water. Reflection is a bit different though; when light hits a smooth or polished surface it "bounces" off the surface at almost the same angle (Depending on how flat the surface is.). But before we get onto that, lets talk about light and exactly what it is. THE NATURE OF LIGHT Light is a kind of electromagnetic radiation, which means, that they are magnetic waves and particles which are caused by electricity. Light consists of very fast oscillations at a certain group of frequencies, that can be detected by the human eye. When light vibrates at different frequencies the eye sees different colors. When light is emitted, or given off, from a source such as the sun, it moves in straight lines, and starts to filter out into a broader area as it travels farther. If it is interrupted by an object it will have an alteration in its course. Many Physicists as well as scientists are still puzzled by the nature of light. Sir Isaac Newton, an English physicist and mathematician, thought light of as a series of particles, because it was apparent that light moved in a straight line. To explain refraction and reflection he b... ...ds of lenses, but these are the two basic ones. Lenses are put to many good uses such as refracting telescopes (Reflecting telescopes have concave mirrors), glasses, magnifiers, microscopes, and many other important things that we use in our every day lives. Light pays an important role in everyone’s lives, basically we couldn’t see without it; but it has also confused many scientists and physicists whether light is a wave or a particle. Light travels in a straight line and spreads out over a larger area, but if it is interrupted by something its course changes. One thing that can change the direction of light is a hard, polished surface, such as a mirror. When a light hits a mirror it "bounces" off it at the same angle that it hit, if the mirror is flat (which most are). Another thing that can interrupt the travel of a light ray is a denser material than it was already in. This is called refraction, which is the bending of light. Prisms and lenses are pieces of glass that are specially designed to refract light rays and put them to use. Light can be mysterious in many ways, but in other ways it can be useful. bibliography Encyclopedia Britanica 1999 Light Paper -- essays research papers fc Light is a kind of electromagnetic radiation. It is made up of vibrations between a certain group of frequencies. When light is given off from a source it spreads out over a larger area. Scientists are still dumbfounded by exactly what light is. When light hits a smooth or polished surface it "bounces" off at the same angle that it hit. Reflecting telescopes are made of concave mirrors and they have helped astronomers chart the universe because the mirrors interact with each other to magnify what is being observed. Refraction is when light bends as it goes through glass, water and other transparent objects that are denser than air. A prism is an instrument that spreads out a ray of light into the color spectrum. A lens is another instrument that uses the light refraction, but lenses are put to more practical uses (I’m not saying that a mirror isn’t practical enough.). ______________________________________________________________________ Welcome to the wonderful world of light, including the refraction and reflection of light. Refraction is the bending of light when it travels through a denser, or thicker material, such as water. Reflection is a bit different though; when light hits a smooth or polished surface it "bounces" off the surface at almost the same angle (Depending on how flat the surface is.). But before we get onto that, lets talk about light and exactly what it is. THE NATURE OF LIGHT Light is a kind of electromagnetic radiation, which means, that they are magnetic waves and particles which are caused by electricity. Light consists of very fast oscillations at a certain group of frequencies, that can be detected by the human eye. When light vibrates at different frequencies the eye sees different colors. When light is emitted, or given off, from a source such as the sun, it moves in straight lines, and starts to filter out into a broader area as it travels farther. If it is interrupted by an object it will have an alteration in its course. Many Physicists as well as scientists are still puzzled by the nature of light. Sir Isaac Newton, an English physicist and mathematician, thought light of as a series of particles, because it was apparent that light moved in a straight line. To explain refraction and reflection he b... ...ds of lenses, but these are the two basic ones. Lenses are put to many good uses such as refracting telescopes (Reflecting telescopes have concave mirrors), glasses, magnifiers, microscopes, and many other important things that we use in our every day lives. Light pays an important role in everyone’s lives, basically we couldn’t see without it; but it has also confused many scientists and physicists whether light is a wave or a particle. Light travels in a straight line and spreads out over a larger area, but if it is interrupted by something its course changes. One thing that can change the direction of light is a hard, polished surface, such as a mirror. When a light hits a mirror it "bounces" off it at the same angle that it hit, if the mirror is flat (which most are). Another thing that can interrupt the travel of a light ray is a denser material than it was already in. This is called refraction, which is the bending of light. Prisms and lenses are pieces of glass that are specially designed to refract light rays and put them to use. Light can be mysterious in many ways, but in other ways it can be useful. bibliography Encyclopedia Britanica 1999