Identify a preliminary set of tangible and intangible costs you think would occur for this project and the system it describes. What intangible benefits do you anticipate for the system? The tangible cost of building this system are the resources needed to finish the project (The right human technical skills, equipment, hardware, software,). The intangible cost are potential problems that might occur, unexpexcted delays, and mistakes that might occur. The intangible benefits that I anticipate for this system are making work less stressful on the users allowing them to perform better and create a more coordinated and easier way to obtain information.
MGMT 411 Case Study # 3: Westminster Company 1- What impact would the three new alternatives have on transfer and customer freight costs? Why? The way I see it there are a number of constraints placed on the company. System consolidation makes it easier for transportation economies to be gained. Truckload volumes would be more easily gathered to and from distribution centers, lowering transfer and customer freight costs.
I believe that everyone has something to gain from improvements in the insurance health care system. Since the 1930, many Presidents have tried to pass Health care reform and failed in Congress. As a result, the numbers of uninsured have increased over the years. Due to the lack of action at the federal level, many states have taken action to lower the number of uninsured. They have formed plans under
Do you think Altera’s new strategy will be successful? What are some advantages and disadvantages of the new strategy? Yes, I think their new strategy will be successful, because their new strategy offsets some of the risk associated with carrying too much inventory, since they only build finished products to customer orders and build die banks to stock. The intent of this strategy was to improve visibility into customer information, inventories and build plans, facilitate product development collaboration, and improve Altera’s inventory management. This allows them to reduce safety stock levels and inventory holding costs as well.
The distributors also had an eye on Barilla’s inventory and placed orders for products whose level fell below a specified level, thereby fluctuating the demand. * Centralization based on the data obtained from distributors help to schedule production for Barilla and reduces inventory, which benefits everyone. Therefore, cheaper production and distribution costs for Barilla. When Just in Time Delivery was implemented in Florence warehouse, lead time from the time of order to delivery reduced form 10 days to 3 days. * It improves the relationship between Barilla and its customers by increased supply chain transparency and helps to build trust.
Employees want to see that their employer will have the necessary insurance benefits to cover necessary family and personal needs. Constructlt is an imaginary business that gives an outlook on reality. Health care is an economic business for consumers. Issuing health care benefits to employees continue to create a scarcity effect within organizations. The low supply of health insurance among the American population has created a greater need for insurance at a higher price.
Should Prescription Drugs Be Advertised to Consumers? Prescription drugs should not be advertised directly to consumers. Many research organizations and pharmaceutical companies argue that prescription drug ads are beneficial to the consumers stating they are informative. However, other organizations counter that Direct-to-Consumer (DTC) drug ads are often just for profit. Prescription drug ads are just a sales pitch, that is not regulated efficiently by the Food and Drug Administration (FDA), causing consumers to purchase prescription drugs based on misleading information.
2- What impact would warehouse consolidation have on inventory carrying costs, customer service levels and order fill rate? Inventory carrying Costs would be reduced with better utilization of facilities and less duplication of effort. The company operates two warehouses in Newark, NJ and Los Angeles, CA. Theses are clear candidates for consolidation. Regardless of any changes
These different programs are usually found in Health Maintenance Organizations, HMO’s, and Preferred Provider Organizations, PPO’s. Managed care itself was put in place to lower the medical costs, to force providers to give discounts on their rates, reduce unnecessary hospitalizations, thus causing the whole industry to become more competitive and efficient. Managed care uses a Network of providers and facilities that agree to keep costs down, while providing an array of services. They also encourage preventative care, and often give financial incentives to the enrollees to use this care efficiently. Another early HMO started because “Henry Kaiser, whose name became synonymous with prepaid health care, was impressed with Dr. Garfield’s program.
Lower cost can be brought about through computerised accounting systems as it is far more efficient. The better use of recourses and time contributes towards the saving of the company’s money. It also reduces the amount of employees needed which greatly reduces labour expenses. Money which is saved through computerised accounting systems can be spent in another area which is more important for example, expanding their company or investing in new technology which will further create more favourable costs. Computerised accounting systems allow managers to identify clearly and accurately the company’s financial position and so they can see where they need to makes changes in order to reduce their costs.