Materials and Inventory Essay Example for Free

Materials and Inventory Essay In the S, T, and P facilities, it has been identified that some of the manufacturing processes are related with one another. Due to the interrelatedness and the other problems seen from the different facilities, it is seen that a problem from one facility affects the others. This is observed to be especially true for the area of the management and inventory control. Materials management is oftentimes associated to inventory control and this is defined as the act of â€Å"managing the organization’s raw materials, work-in-process, finished goods, and products in-transit† (Griffin, 2002 as cited in Adam Sammon, 2004, p. 28). The primary focus of the materials and inventory management involve being accountable for all WIP and stock, coordination with the suppliers in order to organize production requirements, maintain a desirable inventory level, manage the processes related to physical inventory audits, establish automated forms of inventory systems, manage the condition and coding of the materials, coordinate with or manage the purchasing department, discuss with major suppliers regarding the prices and terms, choose new suppliers, ensure that the methods in existence are in sync with the changes in the environment (Charvet, 1997). The importance of these processes would lie on the need for materials and inventory in creating a long-term advantage in terms of competitive grounds (Jamal et al., 2007). Upon a review of the situation for the three facilities, there are several findings that are worth noting. First, the frequency as to when the accessory parts run out in S facility is seen to be declared on a habitual interval. The causes and implications of this could include that the T and P facilities are not able to meet the demands of the S facility because identification of the quantity is not fully carried out by the T and P facilities. Moreover, it could be that there are problems with the shipping schedule from the T and P facilities wherein the time as to when the accessories are needed in the S facilities is not clearly identified or unknown that is why shipments are not organized. Second, formal receipt of the materials needed for production in the T and P facilities is not present as well as a system in order to reflect this to have arrived at the T and P facilities in order to acknowledge the shipment from the S facility. The establishment of a system would also entail the need for the creation of a formal receiving dock where shipments pass through. It allows for the inspection of the shipments and the respective entry into the inventory system of the respective facility. Third, concerns arise, too, with the wasted productions due to malfunctioning equipment or wrong materials used. Incidences such as this could be experienced when routine maintenance on the equipment and evaluation of the materials is not carried out to ensure that errors are minimized. In light of the problems identified for the materials and inventory aspect, there are recommended measures that are used in order to resolve the problems. First, it is necessary for the facilities to have a computerized inventory system wherein the necessary parts are interrelated with one another. The benefit derived from having a computerized system for the inventory control is attributed to its ability to organize the data of the organization in an efficient manner and the reduced costs associated with inventory control (Palmer, 2005). Second, there is the need to provide for a receiving dock for the shipments wherein the materials shipped are immediately entered into the system to reflect both an acknowledgement receipt and confirmation to the other facility from which it came from. This makes inventory easier as it is done as the shipments are brought in which means that it is always update. Third, training with regard to the evaluation and maintenance of the equipment should be provided to the employees who are responsible for this. Likewise, there should be a regular schedule for assessment of equipment condition and materials to ensure that disruptions and errors are kept to a minimum. References Adam, F. Sammon, D. (2004). The enterprise resource planning decade: Lessons learned and issues for the future. Hershey, PA: Idea Group Publishing. Charvet, S. (1997). Words that change minds: Mastering the language of influence. (2nd ed. ). Authors Choice Publishing. Dubuque, IO: Kendall Hunt Publishing Company. Jamal, N. M. , Mastor, N. H. , Saat, M. M. , Ahmad, M. F. , and Abdullah, D. F. (2007). Cost and management accounting: An introduction. Johor Darul Ta’zim: Muapaat Jaya Percitakan Sdn. Bhd. Palmer,D. (2005). Maintenance planning and scheduling handbook. New York, NY: McGraw-Hill Professional.

Inflation :: essays papers

Inflation Hyperinflation The term "hyperinflation" refers to a very rapid, very large increase in the price level. Measurement problems will be too minor to notice on this scale. There is no strict formal definition for the term, but cases of hyperinflation tend to be expressed in terms of multiples rather than percentages. "For example, in Germany between January 1922 and November 1923 (less than two years!) the average price level increased by a factor of about 20 billion." Some representative examples of hyperinflation include "Hyperinflation 1922 Germany 5,000% 1985 Bolivia *10,000% 1989 Argentina 3,100% 1990 Peru 7,500% 1993 Brazil 2,100% 1993 Ukraine 5,000%" These quotations from other web pages are given mainly as examples of what people have in mind when they talk about hyperinflation, and I cannot say just how accurate the figures are. In any case, figures for the purchasing power lost in hyperinflations can only be rough estimates. Numismatics (coin and currency collecting) gives some examples of just how far hyperinflations can go: an information page for currency collectors tells us that, in the Hungarian hyperinflation after World War II, bills for one hundred million trillion pengos were issued (the pengo was the Hungarian currency unit) and bills for one billion trillion pengos were printed but never issued. (I'm using American terms here -- the British express big numbers differently). The story behind the German hyperinflation illustrates how all hyperinflations have come about, and is of particular interest in itself. After World War I, Germany had a democratic government, but little stability. A general named Kapp decided to make himself dictator, and marched his troops and militias into Berlin in an attempted coup d'etat known as the "Kapp Putsch." However, the German people resisted this attempt at dictatorship with nonviolent noncooperation. The workers went out in a general strike and the civil servants simply refused to obey the orders of Kapp and his men. Unable to take command of the country, Kapp retreated and ultimately gave up his attempt. However, the German economy, never very sound, was further disrupted by the conflict surrounding Kapp's putsch and by the strike against it; and production fell and prices rose.

Great Gatsby Criticism Essay

In Marilyn Roberts’ criticism of F. Scott Fitzgerald’s The Great Gatsby she compares the main character Jay Gatsby to another main character of another novel and movie, Tony Guarino of Scarface. Marilyn Roberts states in her criticism that the writers of Scarface used Jay Gatsby as a model to represent the rise of their own protagonist, Tony Guarino. Scarface is much like The Great Gatsby, a classic rag to riches stories by means of not so legal practices. Affluence, power, and lives of luxuriant ease are what these two men portray. With money and power these men also need high-status women in their lives. For Jay Gatsby the woman he chases after is Daisy Buchannan, the wife of Tom Buchannan. In the world of Tony Guarino the woman in his life is named Poppy. Influence from The Great Gatsby is shown here and throughout the two stories, the name Poppy is a flower like Daisy’s name also is a flower. Poppy and Daisy are also much alike asides from both their names originating from a flower. Both Poppy and Daisy are shallow, self-absorbed, and deceitful. Another comparison brought up is that both women are in their own relationships not with Tony or Jay. Jay Gatsby and Tony Guarino are determined to take these women out of their relationships so that they can be together with them. Tony uses his wealth to try and win over Poppy buying her clothes and even a home, Jay also uses his immense wealth to try and win Daisy over which is not successful. To show their characters immense wealth the writers of both Scarface and The Great Gatsby used shirts as symbols. These shirts are used as symbols to represent the American Dream, limitless freedom, wealth, and ambition. The men also use the shirts to try and win over their love interests. In The Great Gatsby, Jay pulls out his shirts collection to show Daisy, â€Å"They’re such beautiful shirts,† she sobbed, her voice muffled in the thick folds. â€Å"It makes me sad because I’ve never seen such–such beautiful shirts before. â€Å"(Fitzgerald). Jay does this to show off his wealth, throwing expensive and high quality shirts onto the floor. The writers of Scarface made their own rendition of the scene. While touring Tony’s house Poppy seems unimpressed but when Tony takes her to his bedroom he pulls out his shirt collection and throws them on the floor, Poppy eases up when shown the shirts. Both men are also considered as gangsters in Roberts’ criticism. Jay runs an illegal alcohol bootlegging ring and Tony runs a drug cartel. Along with Gatsby’s death Tony is also killed for pursuing the woman he thinks he loves and not by a fellow gangster. Tony’s death like Gatsby’s is rooted in jealousy. Jay Gatsby is killed by a jealous husband (Wilson) thfdafa at thought Jay killed his wife (Myrtle).

An A to Z List of Countries That No Longer Exist

As countries merge, split, or change their names, the list of countries that no longer exist has grown. The list below is far from comprehensive, but it includes the most notable former countries. Abyssinia Also known as the Ethiopian Empire, Abyssinia was a kingdom in northeast Africa. In the early 20th century, it split into the states of Eritrea and Ethiopia. Austria-Hungary A monarchy established in 1867, Austria-Hungary (also known as the Austro-Hungarian Empire) included not just Austria and Hungary but also parts of the Czech Republic, Poland, Italy, Romania, and the Balkans. The empire collapsed at the end of World War I. Bengal Bengal was an independent kingdom in southern Asia that existed from 1338 to 1539. The area has since been divided into the states of Bangladesh and India. Burma Burma officially changed its name to Myanmar in 1989. However, many countries still have not recognized the change. Catalonia Catalonia was an autonomous region of Spain. It remained independent from 1932 to 1934 and from 1936 to 1939. Ceylon Ceylon was an island country located off the coast of India. In 1972, it changed its name to Sri Lanka. Corsica This Mediterranean island was ruled by various nations over the course of its history but had several brief periods of independence. Today, Corsica is a department of France. Czechoslovakia Czechoslovakia was a country in eastern Europe. It peacefully split into the Czech Republic and Slovakia in 1993. East Pakistan This area was a province of Pakistan from 1947 to 1971. It is now the independent state of Bangladesh. Gran Colombia Gran Colombia was a South American country that included what is now Colombia, Panama, Venezuela, and Ecuador from 1819 to 1830. Gran Colombia ceased to exist when Venezuela and Ecuador seceded from the union. Hawaii Though a kingdom for hundreds of years, Hawaii wasnt recognized as an independent country until the 1840s. The country was annexed to the United States in 1898. New Granada This South American country was part of Gran Colombia from 1819 to 1830 and was an independent country from 1830 to 1858. In 1858, the country became known as the Grenadine Confederation, then the United States of New Granada in 1861, the United States of Colombia in 1863, and finally, the Republic of Colombia in 1886. Newfoundland From 1907 to 1949, Newfoundland existed as the self-governing Dominion of Newfoundland. In 1949, Newfoundland joined Canada as a province. North Yemen and South Yemen Yemen split in 1967 into two countries, North Yemen (a.k.a. the Yemen Arab Republic) and South Yemen (a.k.a. the Peoples Democratic Republic of Yemen). However, in 1990 the two rejoined to form a unified Yemen. Ottoman Empire Also known as the Turkish Empire, this empire began around 1300 and expanded to include parts of contemporary Russia, Turkey, Hungary, the Balkans, northern Africa, and the Middle East. The Ottoman Empire ceased to exist in 1923 when Turkey declared independence from what remained of the empire. Persia The Persian Empire extended from the Mediterranean Sea to India. Modern Persia was founded in the 16th century and later became known as Iran. Prussia Prussia became a Duchy in 1660 and a kingdom the following century. At its greatest extent, it included the northern two-thirds of modern Germany and western Poland. Prussia, by World War II a federal unit of Germany, was fully dissolved at the end of World War II. Scotland, Wales, and England Despite recent advances in autonomy, part of the United Kingdom of Great Britain and Northern Ireland, both Scotland and Wales were independent nations that eventually merged with England to form the United Kingdom. Sikkim Sikkim was an independent monarchy from the 17th century until 1975. It is now part of northern India. South Vietnam South Vietnam existed from 1954 to 1976 as the anti-communist counterpart to North Vietnam. It is now part of unified Vietnam. Taiwan While Taiwan still exists, it is not always considered an independent country. However, it did represent China in the United Nations until 1971. Texas The Republic of Texas gained independence from Mexico in 1836. It existed as an independent country until it was annexed to the United States in 1845. Tibet A kingdom established in the 7th century, Tibet was invaded by China in 1950. Since then, it has been known as the Xizang Autonomous Region of China. Union of Soviet Socialist Republics (USSR) For decades, this country was the most powerful communist nation in the world. In 1991, it broke into 15 new countries: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldovia, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. United Arab Republic In 1958, non-neighbors Syria and Egypt joined together to form the United Arab Republic. In 1961, Syria abandoned the alliance, but Egypt kept the name United Arab Republic for itself for another decade.