Eurofood Case Analysis

EuroFood Case Analysis: History: EuroFood was created by French restaurateur, Mr Vigneau which specializes in the importing and distributing of food products from Europe to Hong Kong. EuroFood has faced a problem with inventory costs. The Olivier Company decided to buy EuroFood on the condition that inventory levels has to be reduced from its current level of 11 million Hong Kong Dollars to at least 4 million Hong Kong Dollars (assumption). In order to achieve the inventory reduction a plan of action has to proposed which details the solution to the current high levels of inventory. All the products brought to Hong Kong are shipped either by plane or through cargo boats (channels of distribution). The exclusively perishable products shipped through airplanes have no inventory records to be kept. The only inventory of Euro Foods is the products shipped via boats. The products shipped through boats are divided mainly into two types: 1. Complete Container: Contains products shipped from the same supplier. Complete container takes about 20 days to ship from Europe to Hong Kong and costs 0. Hong Kong Dollars per kilogram 2. Consolidated container: Contains products shipped from a group of suppliers using the same container as a rented facility. This shipping takes about 30 days to reach the customer and costs about 3 Hong Kong Dollars per kilogram. Main Problem: * The current level of inventory of Euro Foods is worth $11 million. This is too much compared to the Olivier Company which has the same volume of business as Euro Foods with a corresponding inventory level o f only $4 million. The order quantity is high due to wrong forecasting which leads to high inventory costs * Some products have higher inventory costs than its annual sales( Eg: The product Carton Peach has an inventory cost of $437,113 and an annual sale of $ 253,248 which led to profits of only $68,377) * Due to higher inventory levels of the products the annual profit from the respective products are significantly lower compared to products which has lower inventory level. There are too many product categories (around 200 different products) which has higher inventory levels and lower annual sales(Eg: The product Crozes Hermitage 1984 has $158 annual sales but the inventory level is $2045 and total profit is only $47) Solutions: * Cut down the products which has low profit and low annual sales but high inventory costs(Eg:Crozes Hermitage 1984 * Concentrate on top sale products like for example UHT Whipping cream 1 Liter, Portion Butter Unsalted etc. hose annual sales are high com pared to inventory costs * Make the forecasting of all products more accurate by using better forecasting techniques which can reduce the inventory level and ordering quantity more accurate * Top sale products like Whipping cream and Butter has to ordered more frequently based on the accurate forecast (using combined container) rather than storing it because these products can go bad easily. Combine the products from the same supplier to reduce the ordering quantity(Eg: Products from Supplier â€Å"Besnier† can be combined into the same container) * Negotiate with current suppliers to reduce the ordering cost * Seek third party distributors to get a lower shipping cost if negotiation with current suppliers does not work out. Assumption: * The holding costs and inventory costs affect the profit of the products * Time Frame in which the inventory reduction has to be achieved is irrelevant(Assumption)

Character and Symbolic Analysis of The Princess Bride

Story analysis: Princess Bride (Movie) Source: Princess Bride was created by William Goldman in 1973, and then made into a film in 1987. Story type: This book is written satirically. Because it is ridiculing many themes and literary ideas. The movie comes with a witty joke and an unforgettable quote. Main settings: The story starts with a beautiful and quiet farmhouse in Florin and everything is calm. It was here that Westley and Butter Cup were introduced, and they set the mood of the story for the feelings of each other. Princess Bride in the movie Princess Bride directed by Rob Liner began with a grandfather who told his story to his less enthusiastic grandchild. The story began in the country of Florin and the butter cup does not deal well with her farm boys. His name is Wesley, but she never called him. She loves him as a reward. She discovered later that he and his ship were killed by the fear of Roberts pirates. It is a princess. Ironic and fun twist. In the novel Princess Bri de, William Goldman sarizizes fairy tales and standard literary processes through his personality and behavior. The poor peasant Westley fell in love with the perfect girl butter cup, but he has to leave to find his wealth. A few years later, the butter cup thought that Westley gave her up and was forced to go out with a heartcart, cruel and computationally motivated person. Vizzini, Fezzik, and Inigo are three mysterious kidnappers who want to kidnap the princess and cause a war between Guilder and Florin. In the Enders game and the bride's princess, the character surprisingly became a hero. Wesley was chosen as a new fear pirate Roberts and saved the princess. Andel became army general and led them to victory. In each novel, characters are separated from their loved ones and they are not allowed to see them for a long time. They are not considered to be the best heroes, but they will not become great heroes in the play Romeo and Juliet Juliette deceived Romeo. Her affection for hi m was so wonderful that she asked Flair Lawrence to make a potion for her and made her appear to be dying. In this way, she avoids getting married to Paris and can see Romeo again after being expelled from town. This event is very confusing during the play. In fact, there should not be anything. Juliet died and awoke. Romeo had just committed suicide before waking up, so this time it was too late. After seeing Romeo's death, Juliet truly committed suicide.

Not Specified Essay Example | Topics and Well Written Essays - 1500 words

Not Specified - Essay Example On the other hand, when there is high capital resource then more investments could be made to set up the best production procedures and service provision systems, to enable them offer nothing but the best products to the consumer hence helping them build a strong customer base. It is however also important to notice that, the existence of these things such as capital and human resource which is seen as the basis of success and growth of a firm by many people would be useless when there are no consumers to consume the products or services been produced. In other words, it is the existence of consumers which determines whether or not the large human and capital resources possessed by a firm is needed or not. When firms are able to build a strong and established customer base, these customers help these firms to produce new and innovative products and services as a result of been able to identify some other needs of their customers and capitalizing on the trust built in them by their customers as a result of the long lasting relationship between the firm and its customers. Apart from these established customers leading or helping a firm to produce more innovative products, they can also help in improving already existing ones. From the article, you would realize that Hercules business as a result of supplying its military customers with explosives, gave them a good insight into the activities of their established customers, helped them in analyzing and figuring out some other needs or things their established customers need to be supplied with or use in their operation. This lead to the production of new companies such as the turpentine and pine oil and these products immediately after been introduced into the market had ready consumers for them since its production was motivated by the needs of some customers. This is

Learning Log of Tesco CSR and SB Assignment Example | Topics and Well Written Essays - 1500 words

Learning Log of Tesco CSR and SB - Assignment Example management and is important for all business and it is incorporated into the operations of the organization through its culture, values, decision making, strategy and reporting mechanisms. As described by Wood, corporate social responsibility has the basic idea of linking the business with the society rather than describing the s distinct entities (Idowu and Filho, 2008, p.165).The corporate social responsibility started since 1950s. Archie Carroll’s theory forms the basis of corporate social responsibility. This pyramid of Carroll’s theory comprises of four responsibilities. The first is the economic responsibility to be profitable. The second comprises of the legal responsibilities that is to obey the law that is set forth by the society. The third part of the pyramid is linked with the second part and comprises of ethical responsibilities that the business should have, to do what is right even when the business is not compelled to do so by the law. The fourth is the philanthropic or the discretionary responsibility it is all about the resources contributed by the corporations towards the educational, social, recreational or cultural purposes. The Carroll’s theory helps the organizations to comprehend the necessary principles of social responsibility, set forth the practices to achieve each step of the pyramid with the ultimate goal of reaching the top. As per the Carroll’s theory, TESCO fulfills all its economic responsibilities by being the Ireland’s top retailer; it even fulfills its legal responsibilities by following the rules and regulations. It lays down practices of being ethical by serving healthy food and satisfying the customers well by serving them more of local products and being more cautious about their impact on the neighborhood and faces the environmental challenges. It practices its philanthropic responsibilities by serving a large number of communities throughout the country, it takes care about its responsibilities as business,

Great A&P Essay Example | Topics and Well Written Essays - 1000 words

Great A&P - Essay Example The Great Atlantic & Pacific Tea Company was not the first chain retail store, nor did it invent the concept of the supermarket. A&P did not develop any new business strategies nor did they employ a single technique that hadn’t been used previously by others in some form or fashion. They were, however, able to find wild success in the transformation of the process and efficiency of food distribution in Depression-era America and afterwards. The changes A&P subsequently made to our food distribution system set the stage for it to become the largest retailer in the world between the years of 1915 and 1960. A&P recognized that the nation’s reliance on small, independent grocers was not effective since it was primarily based off high price margins and low volumes of stock. Consumers did indeed benefit from the changes A&P integrated into the modern shopping experience, but heated debate did ignite among small business owners and politicians the country over. It would seem t hat the Great A&P itself had undercut local, independent butchers, bakers, and candlestick makers in order to unite and profit from the retail conglomerate that it had envisioned. Although A&P didn’t actually cause these problems, it certainly took the heat for them, and Levinson does an ample job of illustrating how A&P’s triumphs put the organization center stage over the possibilities of corporate monopolization meant for the livelihood of small business owners nationwide. George Gilman, in the 1860s in New York City, differentiated his leather goods business into beverage and tea sales.

Methods of Quality Improvement Statistics Project

Methods of Quality Improvement - Statistics Project Example Furthermore, the R-chart shows no points outside the upper control limit or lower control limit. Therefore, the process is under statistical control and we can say that from the perspective of process variation, the process is in control. x-bar chart measures the central tendency (accuracy) of a process and indicate whether changes have occurred. R-chart measures the variability (dispersion) of a process. R-chart indicates that a gain or loss in uniformity has occurred. R-chart is independent from process mean. x-bar chart and R-chart are used together to monitor variables in process are in control (or not). R-chart is monitored before the x-bar chart. This is because the x-bar chart limits rely on the average range and if process variability is not stable and is affected by special causes, then is not a reliable estimate of variability, and thus the x-bar chart limits are less meaningful (Moore et. al., 2011). The R-chart indicates that the process variability is in control, as all the ranges for the subgroup are in-between upper and lower control limits and there is no unusual pattern, as we move from left to right on the R-chart. However, the x-bar chart indicates that the process accuracy is not in control, as not all the means for the subgroup are in-between upper and lower control limits. Rational sub-groupings are used in constructing control charts so that the individual observations within the subgroups have been measured under similar process conditions. The main idea behind rational sub grouping is that if the individual observations within the subgroups are as homogeneous as possible, then any special causes disrupting the process will be reflected by greater variability between the subgroups. When special causes are present in the process, rational sub-grouping attempts to maximize the likelihood that subgroup statistics will signal that the process is

Unemployment in black america Research Paper Example | Topics and Well Written Essays - 2250 words

Unemployment in black america - Research Paper Example Evidently, it is clear that the employment rates of minority groups are much lower as compared to the employment rate of the white people. Statistics show that black Americans have been particularly affected by this racial bias, as the unemployment rate of these minorities is higher than that of whites and other minorities groups such as American Indians. The consequence of this is that Black Americans continue to wail in poverty while there is notable economic development among the whites. Although educational differences may be the reason for this low employment rate of Black Americans, it is clear that discrimination and ignorance labour laws by organizations are the major reasons for this trend. The issue of unemployment for the Blacks in America has a long history that dates back to the last six decades. In the late 1950s, discrimination was at its highest peak and little had been established to alleviate this discrimination. Discrimination in the employment sector was depicted in various perspectives in the employment sector. First, it was quite hard for a Black American to acquire a job in this region of the world as compared to the whites. Secondly, the Africans were assigned only manual labour that saw them become more of slaves than employees. In terms of wages, they were paid much lower than the whites for similar job positions. For African women, it was rare for them to find a job and only handle domestic chores. The feeling that prevailed is that Black Americans were aliens who did not have equal rights to the whites who were the natives of America. As a result, this minority groups was isolated in the slums and most of them did not afford basic commodities such as food and housing (Nunnally and Niambi 431). The poverty level was very high in the slums where most of the African Americans lived. National statistics conducted in America during this time shows that the unemployment rate in America during this period was double