Review Memo to the Executive Vice-President This message should be short but complete coverage of the subject matter. The information remaining should be worded concisely. The executive vice-president would like to know the differences between the two terms LIFO and FIFO so that the management can decide which inventory valuation method the company should use. Therefore, focusing on how it would affect on the P&L statements is necessary. Start the memo by mentioning to the main point that he is looking for.
The machine was getting power from the outlet but nothing works. The quickest and most economical solution to my problem would be to call a repair man. Step Six: Two Ideas that are most Imaginative or positive solutions Calling a repair man seems like the logical solution. He will have quick access to the needed parts to fix the refridgerator. Repairing the refridgerator will be much cheaper than simply replacing it.
Keep the whistle included but add a separate replacement Any solution that we choose should consider the highest customer satisfaction and thus provide our customers with the care, consideration, and ultimately value that they have come to rely on our company to provide. It should consider our business and shareholders and minimize the total cost to the company. I will talk about each option separately before my final recommendation. To remake the toy that has failed standards and repackage the whole collection, would provide our customer with what they ordered and keep intact the current relationship. On the down side, it is a significant enterprise and would cost a great amount of labor and time.
And among all measurements, MIRR is the best one in this case. The details of my analysis are listed as below: 1. MIRR (Modified Internal Rate of Return) indicates the annual rate of return on an investment that assumes we reinvest the cash flow at the opportunity rate of return. My analysis shows MIRR is the best measurement for this case since both approaches have the same scale and cannot be duplicated. This ensures us to get the reinvestment return from the cash flow on the WACC without worrying about the scale problem.
* Pareto Optimality wasn’t obtained because maximum benefits of most wanted goods and services produced at minimum cost of least wanted resources. * They are the duties you believe you owe to other people based upon your rational thought processes. According to Aristotles universal principle of personal virtue they he had done wrong. (p.89) If Dennis was really proud of what he was doing he would be open, honest, and truthful about the practice, informing everyone he
countries). The purpose of this commentary is to identify which change model should be followed for the short-term changes, describe which change model should be followed for the long-term changes, and discuss the effects that these changes would have on the employees, managers, and executives within the organization. The systems contingency model is the change model which should be adopted for the short-term, developmental change at XYZ, Inc. Given the premise that there is no
Wolfram and Mierdorf may have overlooked the importance of training, especially when the responsibility lies with the suppliers who are ultimately looking out for themselves, rather than Metro. Before moving on to a case-level rollout I believe Wolfram and Mierdorf need to work on streamlining the efficiency of the pallet-level system first. So far, I think they have done a nice job on preparing for the roll out of the pallets. It seems a lot of planning went into it and I think it was a good idea to try the new process in 10 DC's and 250 stores to see the initial reaction of the implementation. I also think creating the MGI METRO Group Information Technology company was something done very well.
Also, a low profit margin decreases the price they proposed. For Union Stamping, a low indirect cost of manufacturing, benefit from high company productivity and management efficiency might be the key factor of low price. In conclusion to my cost analysis, I will give a recommendation of which price to take would be fair and reasonable to both Frich Turbo and the supplier, with consideration of their pros and cons. Then, I will explain the steps of implementing and ways of monitoring. ISSUE IDENTIFIED Mr. Fingold, from Frich Turbo Engine Company was in the process of purchasing a replacement valve.
In general, as project manager, what approaches would you take to ensuring these problems are properly dealt with, and as far as possible, avoided? Question 3. Describe the concept of ‘Earned Value’ (EV) in controlling projects? Why does it give superior control to project managers compared with more traditional systems? Illustrate with reference to the following example.
It is the engineer obligation to report honestly and professionally even it may cause my employer to lose in the bidding. Normally in private sector’s project, profit would be the first priority to the developer. Developer would prefer consultant to cut cost by reduce the test frequency and to reduce the safety factors to the minimum in design. Another