International Supply Chain Management Case Study Essay

4.782 international supply chain management Case Study Wang anqi 20142345 Word Count: 2641 Introduction Late accentuation on worldwide environmental change is expanding weight on automotive executives to make the right decisions in many areas to settle on the right choices in numerous zones, including RD and assembling. Shiv industry is the automotive parts industry face challenges from the lower end competition comes from the unorganized sector and the higher end of technology competition comes from more evolved industries in the current Indian scenario. Indeed, discharge level targets, presently being referred to, undermine to change the whole structure of the car business. These difficulties hit an industry effectively tormented with high expenses, low profit margins, and accelerating competition. In the interim, numerous others are experiencing some type of rebuilding. General macroeconomic and budgetary circumstances are not so much positive, either. The expense of vitality and crude materials keeps on expanding because of rising worldwide interest. Solid vacillations in return an d interest rates posture another test and are troublesome and excessive against which to support. In this dynamic business environment, a predominant supply chain is one basic component to helping automakers separate themselves from the opposition. Actually, a number of patterns in the car business are strengthening the need to reclassify supply chain techniques, designs,Show MoreRelatedAn Empirical Analysis Of Supply Chain Risk Management1692 Words   |  7 PagesHoenig in the paper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk management was the motivation of this work. In this paper, theRead Mo reAgile and Lean Supply Chain Management1719 Words   |  7 Pages Leagile is the combination of the lean and agile paradigms within a total supply chain strategy by positioning the decoupling point so as to best suit the need for responding to a volatile demand downstream yet providing level scheduling upstream from the marketplace. The decoupling point separates the part of the organisation (supply chain) oriented towards customer orders from the part of the organisation (supply chain) based on planning. In this report, I attempt to prepare the literature reviewRead MoreCulture Mistakes by Pizza Hut1311 Words   |  6 Pages2010. Donovan  , R. Michael (2005).  Effective Supply Chain Management (Movahedi et al., 2009, defining supply chain management, evolution of supply chain studies Lambert, 2008) mentioned by Cooper et. al., 1997 Enclyclopedia of e-commerce (2009), definition of supply chain management 2007 – Springer; J Oleskow, M Fertsch, P Golinska, data mining as the efficient tool for the effective supply chain integration LIU.,F; study and explore the supply chain base on CRM, 10 Mar 2011   Tseng, D. S., CoxRead MoreDrivers For Automotive Manufacturing Industry1631 Words   |  7 Pagesmaintain the long term future of the automotive industry in terms of growing the share of the value chain and by getting ahead in the field of research and development (RD) on ultra-low emission vehicles. This strategy sets out the drivers for the automotive manufacturing industry. †¢ Legislation: Governments all over the world is enforcing legislations to protect the environment based on the international agreement on climate change (Kyoto Protocol, 1987) and legislation of the European Union. The UKRead MoreZara Supply Chain1103 Words   |  5 PagesAbstract Zara has been operating in Europe since the year 1975. This paper includes a study of the strengths and weaknesses of Zara Company supply chain management system. It divides the supply chain process into three distinct phases. It shows how the company has managed to embrace technology to deliver its products to customers in real time. The paper also contains a comparison between Zara and its main global competitor in the market. The paper concludes by outlining some of the challenges theRead MoreSuccess of a company mainly depends on how effectively a manager can integrate the overall business700 Words   |  3 Pagesmanager can integrate the overall business function, where integrative management, responsiveness, globalization and financial sophistication acting as driving forces for the emergency of supply chain logic. As a Business graduate, I always look forward to studying such program which can purify my Knowledge and skills in my areas of interest. I would like to express my interest in applying for the Masters in Supply Management program at LUT. My bachelor’s degree is directly related to this programRead MoreManaging the Complexities of the Change Process Relating to Supply Chain Performance1093 Words   |  4 PagesManaging The Complexities of the Change Process Relating To Supply Chain Performance Introduction With every industry facing greater turbulence and uncertainty there is a corresponding urgent need for concepts, frameworks, models and methodologies that provide enterprises with greater intelligence and agility in responding to threats and opportunities. The unique or special series of issues that complicate the change process are detailed in this analysis. Of the many industries faced with theRead MoreResource Management At Apple Inc.1146 Words   |  5 PagesResource Management Resource management is another interesting and important topic in the business of various organizations engaged in the manufacturing and sale of goods and service. Several organizations in the technology industry have managed to make investments in this industry, and thus it is important to monitor the use of various resources to avoid wastage. Resource management is currently considered as a strategy that is focused on reducing the cost of production and thus reducing the costRead MoreAnalyzing Ikea s Growth Of The Firm, Dunning Oli Framework Approach Of Foreign Direct Investment ( Fdi )1325 Words   |  6 Pagesapproach of Foreign Direct Investment (FDI), this essay will also declare several issues may exist in an international business as well as factors should be considered in global supply chain control. Moving on to analyse IKEA s implementation of global supply chain control and emphasize its outsourcing plan, comparing to other corporations what competitive advantage IKEA ga in in managing supply chain and outsourcing. Main body: Referring to the leading theories of the firm approach conducted by EdithRead MoreOutback Steakhouse - Going International992 Words   |  4 Pages | |Going International | 1) There is a combination of business practices and features that made Outback Steakhouse (OBS) successful in the US market: †¢ Unique human resources management style where management and joint venture partners take on ownership of their business and share success

E-Prescribing and Its Function in Healthcare Essay

Electronic-prescribing, often referred to as e-prescribing, is a fairly new, innovative way for physicians and other medical personnel to prescribe medications and keep track of patients’ medical history. Not only has e-prescribing enabled prescribers to electronically send a prescription to the patients’ pharmacy of choice, in the short amount of time it has been available, it has significantly reduced health care costs, not only for the patient, but for the medical facilities as well. In 2003, e-prescribing was included in the Medicare Modernization Act (MMA) which jumpstarted the role of e-prescribing in healthcare. It has proven to significantly reduce the yearly number medication errors and prescription fraud, and its widespread†¦show more content†¦Not only does the electronic method of prescribing save time, it has also cut down on the number of accidents caused by the misinterpretation of handwriting. Although now almost obsolete, hand-written prescript ions have been the cause of many medical errors because certain sound-alike or look-alike drugs have, in the past, been incorrectly substituted for one another. A report given by the insurance company, Excellus BlueCross BlueShield disclosed that if all physicians were to begin using electronic-prescription systems, â€Å"more than two million adverse reactions or events – ranging from inconsequential to severe – could be avoided each year† (wgrz.com). According to pharmacist and associate director for the Food and Drug Administration’s Office of Drug Safety, Jerry Phillips, â€Å"Six-hundred sound-alike or look-alike drug pairs have been identified as possible sources of error since 1992† (nytimes.com). For example, Lamictal, a mood-stabilizing anticonvulsant, is quite similar in spelling to Lamisil, an antifungal drug. Because of these strong similarities, it is not difficult to understand how easy it could be for medical personnel to mistake cer tain medications. But with e-prescribing, because the prescription is sent directly from the prescriber to the pharmacy, the number of accidents caused by misinterpretation of handwriting has already beenShow MoreRelatedApplication Of A Computerized Physician Order Entry1644 Words   |  7 Pages. It creates the platform and offers the opportunities to health care organizations to standardize it’s health care practices. It also has the tendency of creating and providing physicians and nurses and other clinicians the right and professional environment that is more conducive than a paper based setting to the dynamic and complexities of today’s health care challenges. Computer physicians order entries helps in interdepartmental communication of key vital health information for sound clinicalRead MoreInformation Systems And Database Technology1599 Words   |  7 Pages It also enables more effective searching of clinical records to support patient care, monitoring, and r isk management, as well as, the classification of administrative and statistical purposes. Providing better quality information for authored healthcare professionals helps improve the overall quality of patient care (ieCE n.d.). In addition, there are several health information standards organizations that may be applicable to our organization. †¢ ANIA for exchanging data processing standardsRead MoreImplementation Of An Electronic Health Record1447 Words   |  6 PagesCrescent Healthcare, has a system in place that is called Carves this is just a variation from a program for logistics. The original program in called runzheimer and is promoted as a range of employee mobility services relating to business vehicles, relocation, route planning, healthcare scheduling travel management. This system relies on’ the nurse on each visit completing handwritten documentation and ticking boxes, each time they see the client. This documentation is then sent to the officeRead MoreAdvancements Of Medicine : Medical Medicine1317 Words   |  6 Pagesonly they can read themselves, which causes problems when going to get the prescription filled because the pharmacist may read it as the wrong medicine or dose. The modern way of getting prescriptions filled is through a process called electronic prescribing. This process occur s by sending prescribed medicine to pharmacist directly (medicare.gov). According to medicare.gov, using electronic prescription can save time because patients won’t need to drop the prescription off. Most prescriptions take aboutRead MoreA Better Understanding Of The Nursing Profession And Care For Patients1392 Words   |  6 Pagesor propositions derived from nursing models or from other disciplines and project a purposive, systematic view of phenomena by designing specific inter-relationships among concepts for the purposes of describing, explaining, predicting, and /or prescribing†( â€Å"Nursing Theories†, 2012). Throughout this paper we will explore Sister Callista Roy and her theory of adaptation to form a better understanding of the nursing profession and care for patients. Sister Callista Roy, like many other nursing theoristsRead MoreEssay about C156/Wtt Task 13156 Words   |  13 Pagesmembers to assist with this task and together we have narrowed th e search to two health care systems. Those two systems are EPIC and Meditech and we will now discuss the advantages and disadvantages of each, with a final recommendation for our new healthcare system. Identification and Roles of Team Members/Expertise The first person on this team is the acute care nurse manager. The acute care nurse manager is a bachelor prepared nurse and is beneficial to this team because of her close relationshipRead MoreImplementation Of An Electronic Prescribing System5537 Words   |  23 Pagesimplementing an electronic prescribing system, a variety of sources were reviewed. As the HITECH Act nationwide was contributory to the recent surge of adoption for e-Rx systems, the focus of the research was to find research data reflective of successful implementation and practical guidance. In order to extract retrieve necessary information, a variety of sources were reviewed; journal articles, review articles, meta-analysis, and national guidelines on implementing e-Rx systems. Due to the heightenedRead MoreManaging Multiple Morbidities On Older People3276 Words   |  14 PagesManaging multiple morbidities in older people Abstract As Healthcare systems are improving the number of people who are living longer is increasing. As a result, the number of older people living with multiple morbidities is on the rise. The medical care system must adapt a broader approach to manage such complex conditions due to the interactions between conditions and higher risks associated with polypharmacy. Clinical trials tend to exclude older people with multiple morbidities which generatesRead MoreInterview Of A Masters Prepared Nurse1517 Words   |  7 PagesLearning is an ongoing process and you continued to learn throughout your lifespan, whether or not you are enrolled in an University. The reasons B.G shared to pursue her Masters Education were as follows: a. It helps to improve her career. Per her it’s an investment in yourself, which will ultimately pay off in both tangible and intangible means. Her annual income has increased which gives her more opportunity have a polish life. b. It is essential for her chosen professional field. Job marketRead More1. (. The Ehr In A Private Family Practice. Noelle Hall.2125 Words   |  9 Pagesimplementation and functionality of an Electronic Health Record in a private family care practice setting. With this study, we will find out the advantages, the challenges, and the reasoning behind the use of EHRs in a private medical practice along with it’s involvement of meaningful use and interoperability criteria. I. INTRODUCTION In the last decade, Health Information Technology (HIT) has been drastically changing due to the constant development of new technologies. With these new technologies comes

The Legend of the Pearl Free Essays

Once upon a time, there was a butterfly who was so sad and lonely that he did not want to live anymore. As he stood, very depressed, on the sea-shore, thinking about the uselessness of his life, he heard a soft, clear voice beside him. â€Å"Good morning. We will write a custom essay sample on The Legend of the Pearl or any similar topic only for you Order Now Who are you? † The voice asked. â€Å"I’m a butterfly, but who are you? A speaking stone? I don’t believe it! † The voice replied. â€Å"I’m not a stone. I’m a shell, an oyster! I’m a living being just like you are. † â€Å"Would you like to be my friend? † The butterfly asked. I have no friends, and I’m very unhappy because nobody loves me. I want to die in the sea. † â€Å"I don’t want you to die,† said the shell. â€Å"I am just as lonely and sad as you, and I too have never known what it is like to be loved, but, now that you are here neither of us is alone. Stay with me, be my winged prince and tell me all about the things that you have seen in the world; things that the eyes of a daughter-of-the sea will never see. † The butterfly stayed at the shell’s side and they grew to love each other, more than anyone could ever imagine. The butterfly had collected all the colours in the world in his wings and he gave them, as a bouquet, to his sweetheart, while the shell gave, as her gift from the sea, all the mysterious whispers of the deep. Their joy was short-lived, as butterflies have a shorter lifespan than shells, and when the butterfly died, the shell buried him in the sand. Then she cried and cried so much that she died of her sadness, and was dissolved by her tears. Next morning, on a small mound of sand, marked with a coral cross, appeared the very first pearl, made from the tears of the shell, the colours from the butterfly’s wings and their love. The End How to cite The Legend of the Pearl, Essay examples

Fair Value Accounting Consequences of Booking

Question: Discuss about the Fair Value Accounting for Consequences of Booking. Answer: Introduction: It has been found that in the field of accounting, the entries are composed of various kinds of assets that include both non-profit organization and for-profit organization (Dagwell, Gaffikin Wines, 2015). These assets can be classified into many sections and these are able to employ or generate by operational behavior of the firm on a daily basis, as these help in estimating the current assets. Moreover, the fixed assets suppose in calculating the financial condition of the firm for several fiscal years. In addition to these, it has been found that abundant firms involve many intellectual properties in the analysis like trademarks, copyright assets and many more. Additionally, this includes those assets that have been appeared due to acquisition of many firms or due to popularity of the firm among the customers for its goodwill and brand image (Bartelmus, 2014). Therefore, it has been noted that these types of assets can be employed directly in order to gain increased revenue. Thes e raised earnings also assist the firms in increasing their profit percentage and customer base indirectly. It has been found that there are several types of assets that cannot be measured in units as their presence cannot be understood physically and are termed as intangible assets. Therefore, the intangible assets are generally recorded in the accounts book of a firm according to the amount attached for procuring assured assets. On the other hand, it has been found that with the passage of time, the actual value of the assets decrease significantly (Khaddafi, Heikal Pravita, 2015). It has been identified that the accounting organizations utilize impairment during the period when the decreased amount and the real value are adjusted with the account of impairment and loss takes place due to fall in the value of assets on the basis of many factors. However, there are some common factors that can be applied to several assets, but some of the factors lead to downfall of value of certain assets. Moreover, vale of equipments, instruments as well as machineries have found to depend on its manufacturing capacity and utilization factor (Bebbington, Unerman O'Dwyer, 2014). Most of such assets are occupied for producing it more and it is likely to decrease the capability of the future production. The high market value of various older tools and machineries started to decrease and finally get obsolete as at present day s modern machineries, instruments and equipments play a vital role. Furthermore, the land value rises with the passage of time and this might reduce due to alteration of vicinity significance and appearance of over population, new cities and shifts in political centers and public centers (Damodaran, 2016). The trademarks and patent rights decrease its value especially after the appearance of shifting in clients choice and modern technologies and the goodwill adds value to it. However, during decrease of value of acquired assets, the value of goodwill also decreases, particularly in purchasing. Nowadays, all firms signify fiscal declarations for the demand of the stakeholders as they have various interests. Moreover, they evaluate these declarations for various viewpoints and both the government and the board of accounting standards puts huge importance on investors interest (Chen, Shroff Zhang, 2014). Therefore, all the listed firms represent both the accurate and fair values of assets and liabilities. Finally, it can be said that the stakeholders who are concerned with assets valuation consider it as an effective option for investment. The shareholders might take defective decisions by depending on the overstated fiscal declarations, if the firms falsely represent its financial declarations without involving the fair value of assets (Lange, Fornaro Buttermilch, 2014). The board of accounting standards has implemented the concept of impairment in order to gain the interest of the stakeholders. Moreover, the government along with the accounting standards offers detailed instruction for impairment of loss and generation of fiscal declarations after the introduction of various standards of accounting and policies of government. Generally, the impairment loss takes place when the carrying amount of assets increases more than its recoverable quantity (Picker et al., 2013). The carrying amount is related with the asset expense and value and depreciates it as per an appropriate technique of depreciation. It has been found that there are mainly two kinds of recoverable amounts, so a firm is capable to select the fair value of asset as a recoverable amount, particularly after the reduction of the needed costs i.e. expected to be practiced by asset. Moreover, asset value is also considered as the recoverable amount and it can be illustrated through net cash flow, which is expected to gather from the assets of future periods. When two values are provided as per IAS 36, this is considered as efficient for selecting the highest one among two (Vernimmen et al., 2014). As per IAS 36, the impairment loss can be calculated by deducting the amount of recoverable assets from the amount of asset carrying. The impairment loss generally debited as per the respective asset in order to diminish the book value of asset and to control the amount of asset accounting that has reduced the value. However, this amount of impairment loss can be adjusted along with the Profit and Loss account and income state ment. Additionally, it is portrayed as the non-operating loss in income statement. Furthermore, when a firm retains Revaluation Surplus account, then Impairment Loss account is credited with Revaluation Surplus account and this reduces the entire amount of shareholders equity (Bepari Mollik, 2015). Finally, it can be concluded that an asset group is also counted as Cash Generating units and it includes the goodwill that is produced from acquisition of assets, but the impairment loss is not regulated consequently. Moreover, the entire value of CGU units needs impairment and here, the impairment loss can be determined by previously mentioned method. In addition to these, it was used to adjust with the account of goodwill. However, if a certain balance is missed even after adjusting along with the goodwill of the firm, then the balanced amount would line up with the assets of CGU that is dependent on the book value of the asset. References Bartelmus, P. (2014). Green accounting: Balancing environment and economy.Creating a Sustainable and Desirable Future: Insights from 45 Global Thought Leaders, 175. Bebbington, J., Unerman, J., O'Dwyer, B. (2014).Sustainability accounting and accountability. Routledge. Bepari, M. K., Mollik, A. T. (2015). Effect of audit quality and accounting and finance backgrounds of audit committee members on firms compliance with IFRS for goodwill impairment testing.Journal of Applied Accounting Research,16(2), 196-220. Chen, W., Shroff, P. K., Zhang, I. (2014). Fair value accounting: consequences of booking market-driven goodwill impairment.Available at SSRN 2420528. Dagwell, R., Gaffikin, M., Wines, G. (2015). Corporate Accounting in Australia 2nd Ed. Damodaran, A. (2016).Damodaran on valuation: security analysis for investment and corporate finance(Vol. 324). John Wiley Sons. Khaddafi, M., Heikal, M., Pravita, I. (2015). Analysis of Factors Affecting the Choice of Corporate Accounting Conservatism.European Journal of Economics, Finance and Administrative Sciences, (80). Lange, C. D., Fornaro, J. M., Buttermilch, R. J. (2014). Qualitative assessment of impairment for goodwill and other indefinite-lived intangibles.The CPA Journal,84(6), 22. Picker, R., Leo, K., Loftus, J., Wise, V. J., Clark, K., Alfredson, K. (2013).Applying international financial reporting standards. Milton: Wiley. Vernimmen, P., Quiry, P., Dallocchio, M., Le Fur, Y., Salvi, A. (2014).Corporate finance: theory and practice. John Wiley Sons.