Warehouse management Essay Example | Topics and Well Written Essays - 2000 words

Warehouse management - Essay Example It has become outdated when a company could take an order and quote to deliver after a month or two but today delivery is either the same day or in some cases the next day. This happens to keep your existing customer, which is far cheaper than finding a new one hence satisfying a current customer becomes paramount. Reichheld and Teal (2001) in a well-established research found , 5 percent customer retention can increase many companies profits by 25 to 95 percent, and cost of 6 to 7 times more for gaining a new customer than keeping an existing one. To ensure organizations maintain high performance in their operations that contribute to customer retention and satisfaction the idea of a warehouse has helped them to increase their accuracy, timeliness, customer is provided with the right product in the right condition and at the right time. This paper addresses the measures that enhance the performance of a warehouse. Performance and productivity of the warehouse is measured to ensure customer expectations and continuous improvement of the warehouse and avoid incurring additional costs and loss of customers. The suitability of any of the measures is governed by customer expectation, although they need to align to the company’s resources. Rushton, Croucher and Baker (2010), asserted that the method used should address both the cost of service provision and the level of customer service. Here, the areas measured within the warehouse are cost, flexibility, reliability, and asset utilization. There are a number of measures used nowadays in warehouses, which are based on productivity, cost performance measures, and those related space, labor, and equipment utilization. Most warehouse managers experience a big problem of inadequate space with many warehouses operating with about 20 percent of their available space at any time. Warehouses with high space utilizations result in high cost on employees for their

Kinetic lab report Example | Topics and Well Written Essays - 500 words

Kinetic - Lab Report Example the amount of time for a given amount of product, sulfur, to form). Recall that a rate for a chemical reaction is expressed as an amount of product formed (or reactant used up) divided by the time interval of the change: The aim of my experiment is to determine the dependence of the initial rate of reaction on the initial concentration of thiosulfate ion. The concentration of the other reactant, H+, will be kept constant. A higher initial concentration of thiosulfate will lead to faster rate of reaction, since an increase in the number of thiosulfate ions per unit volume will lead to higher probability for successful collision. (2) A solution of 1 M sodium thiosulfate, is available (center bench or hood). Add 70 mL of this solution to 210 mL of water to make a solution approximately 0.25 M in thiosulfate. We will refer to this as your "stock thiosulfate solution". (7) The experiment is now repeated four more times, using progressively more dilute thiosulfate solutions. Note, however, that for each experiment, the disappearance of the "X" corresponds to formation of the same amount of precipitated sulfur in the reaction mixture. The diluted solutions are prepared as follows: The collected data indicates that the rate of reaction is increasing with increasing amounts of thiosulfate solution. An increase in the amount of thiosulfate augments the amount of particles available in solution to react. Hence there is a larger probability for reactants to react and so the rate of collisions increases which in turn increases the rate of reaction. Moreover as it is assumed that the total amount of sulfur created during the reaction remains constant, it can be implied that the usage of reactants during the reaction is small which supports the idea that the concentration of reactants is constant throughout the reaction. Given the two unique sets of data, the stock solution

Characteristics of Money to Function Effectively

Characteristics of Money to Function Effectively Explain the characteristics required by money if it is to carry out its functions effectively. What is money? Money is primarily a current medium exchange, for a person to buy goods and services from other person in the form of coins and banknotes (Freeman, 2012). It is critical to have a clear definition between money and wealth. In general, people may tend to use the term â€Å"money† as a synonym for â€Å"wealth†, such as Warren Buffet has a lot of money. However, economists clarify that these two terms are not in fact synonymous. In the side of economics, â€Å"money† is specifically used to refer to the currency, but not an individual’s wealth or assets. Yet, technically anything can be served as money as long as it possesses the following four main functions (Beggs, 2014). First of all, it must have the primarily function of serving as a medium of exchange. People need an item that is able to act as money to undergo the activities of buying and selling goods and services. In other words, an item that considered as money must be widely being accepted as payments for goods and services (Beggs, 2014). Money has made the transactions easier as everyone is willing to trade money for goods and goods for money. However without money, the transactions must be conducted through the barter system where exchange can only happen if there is double coincidence of wants. This system will cause inconvenience to the people as they cannot buy what they want or need or the seller may hard to sell his goods unless double coincidence of wants happens. Hence, we can conclude that money has eliminated the inconvenience which was faced in barter transactions by eliminating the double coincidence when purchasing or selling goods and services (UPADHYAYA, 2012). People can buy what they need from the seller and inversely seller can sell all the goods and services to people who need. Besides that, money is able to create efficiency as it eliminates uncertainty regarding what is going to be accepted as payment by various businesses. With a generally accepted medium of exchange, trades are easier, more efficient, and resources can spend more time doing production (Money Functions, 2000-2014). Besides that, an item must work as unit of value or standard value in order to consider as money. Money is being used as the common benchmark to designate the prices of goods throughout the economy (Money Functions, 2000-2014). Money provides and measures various goods and services with different value that produced in the economy, in the terms of monetary unit. Without this function, money is extremely hard to identify since there is no value in between, and also hard to make a decision on how much volume of goods and services should be given in exchange of a given quantity of a commodity in a barter economy (UPADHYAYA, 2012). However, money has solved this problem by letting people to know the exact value or price of a good. It enables both the suppliers and buyers to make wise decisions about how much to supply for the goods and how much to purchase in exchange (Function of Money, 2013). Moreover, money must be able to hold its purchasing power over time to a reasonable degree so that people can store surplus purchasing power and use it whenever they want and need. If money could not store even for some period of time and still remain valuable in exchange, double coincidence in barter system would not solve and therefore would not adopted as a medium exchange. People will face a problem in buying whatever they want or needed (Function of Money, 2013). So, this feature adds to efficiency as it gives producers and consumers flexibility in the timing of purchases and sales (Beggs, 2014). Money can also be accumulated to provide a source of wealth. It may not be the best store of value in economy since it depreciates with inflation, but money is more liquid than others as it is readily accepted everywhere. Furthermore, money is an easily transported store of value that is available in a number of convenient denominations (Function of Money, 2013). The last main function of money is acting as a standard of deferred payment in an economy. It simply means that money is used for specifying future payments for current purchases. People who purchase some high value goods can pay off the payments in their future. This function may seem confusing or obliterate, but it is a direct result of the store of value and unit of account. However, for money to be deferred payment standard, it must retain its value and also store its value by anticipating future money values based on future inflation (Money Functions, 2000-2014). If money failed to do so, there would be a big different between the current price and future price that both creditors and debtors would stand to lose in this situation. The characteristics of what item can be served as money always depend somewhat on the degree of complexity in the society. A relatively simple economy, with relatively few goods and services, few producers and consumers, and few transactions, may be able to function with a form of money that would not work in a more complex society. Nowadays, it is impossible for a shell or furs working particularly well as money in Canada. However at an earlier time, it could and it did in a simpler economy (The Characteristics of Money, 2000). There are some general characteristics that money should possess where it is usually important for whatever serves as money in a modern society. First, money must be durable that needs to withstand every day wear and tore (Rouse, 2011). Money must have the ability to survive repeated usage over time by retaining the same shape, form, and substance. Money also must not be easily decomposed, deteriorated, degraded, or otherwise change form so that it can store its value a period of time. Durability is fundamental for money to perform the related functions of medium of exchange and store value. People who are willing to accept an item which act as money for the payment of goods, are due to the confidence and trusty on that item where it can serve as a medium of exchange for something value and also able to trade in future time for other goods. If an apple is acting as money and pay for everything in apples, problem will arise since apples will be rotten in few days and can’t store value although able to work as a medium of exchange. So when an item is able to work as a medium of exchange, it usually able to store value fr om one transaction to the next too. Somehow, it is also related to the function of standard of deferred payment that durability ensures that money can be survived over an extended period of time. Therefore, people are able to pay off their payments in their future (Money Characteristics, 2000-2014). Second, money must be divisible where has ability to be broken down into smaller units or smaller denominations for transactional purposes of varying values goods. People will only need as much money as is necessary for their purchases. For example, 100 cents is equal to RM1. If the money is in bigger units, then people will hard to pay their low price goods as division is too big and will cause inconvenience. For an item to function as the medium exchange, it must be divisible so that people can purchase goods with wide range of different values. It must have increments that allow to be traded for both high value goods and also low value too with everything in between. Unit of account can also be performed in this characteristic by providing a common measure of the goods and services’ value being exchanged. Therefore, it is necessary for money to be easily broken down for different types of transactions (Money Characteristics, 2000-2014). Third, money must be portability or transportability where it can be easily moved from place to place for transportation. Money must be portable that give an advantage to all people for transporting or transferring their money from a place to another place or one to another. To perform the medium of exchange, money should be light and easy enough to bring everywhere for purchasing goods and even bring it for travelling. However, if money is as heavy as an elephant, it is hard to bring it everywhere and cause inconvenient to people. Hence, money must be portable for medium of exchange. Fourth, money must be difficult in counterfeiting and limited in supply so that money is able to store its value. It simply means that money cannot be duplicated easily by everyone other than the government. It must be relatively hard to produce and obtain by people. If everyone is able to â€Å"print up† or â€Å"whip up† a batch of money at any time when they needed, the store value of the money will drop since they can produced easily without limit. Moreover, if money can be reproduced by people, price will highly likely be very high since everyone can obtain it easily and couldn’t control the supply. Hence people need a lot of that item in order to exchange goods. It will affect the store of value and somehow the medium of exchange too (The Characteristics of Money, 2000). Fifth, in terms of a form of currency being accepted within society, money must be accepted by everyone in the economy (Normanton). It simply means that money should be widely accepted as a means of payment that every country must agree to accept it as a medium of exchange. Everyone in an economy must be able to exchange for goods and services, and hence this acceptance is for the purpose of exchanging. Acceptability is important for money to perform the relatively functions of medium of exchange and standard of deferred payments. If a type of money is only accepted in certain areas and not others, it will be inconvenience for people to exchange goods and services outside the country. Moreover, it also related to the standard of deferred payments. The currency must be accepted by everyone so that the current purchases can be paid in future. Last but not least, money should maintain a relatively stable value which is stability or uniformity. Money must be worth the same over time or simply means always maintain the same value for a long period (Rouse, 2011). Money within that specific currency must look the same by depending on the various types of currency that are available (Normanton). If the money value is not stable every time, it will consider as useless money since money is the standard for people to measure accurately for the value of commodities (Studypoints, 2011). Stability helps to perform all functions of money in an economy. As the money is stable, people can exchange their goods and services with reasonable prices from each other. Other than that, money can be counted and measure accurately as the money is stability. By relating to the function of store of value, stability can provide people a source of wealth. If the money is not stable, people will get back less money than the money they have invested. S tability of money can also help to perform the function of standard of deferred payments by enabling people to pay in future time. If the money is not stable, people will tend to confuse on how much they need to pay for that good. In conclusion, the functions of the money are interrelated with the characteristics of money. If one of the functions or characteristics failed to do so, it will seriously affect the currency of the value in an economy. Hence, the money needs to be durable, portable, and divisible, be stable, difficult in counterfeiting and limited in supply, and also acceptable to all countries and people. However, the most essential attribute of anything that serves as money is acceptability that it must be readily accepted by people in the economy. Bibliography The Characteristics of Money. (2000). (Canadian Foundation for Economic Education, 1994) Retrieved March 14, 2014, from Money: Its Functions and Characteristics: http://www.moneyandyouth.cfee.org/en/resources/pdf/moneyfunct.pdf Money Characteristics. (2000-2014). Retrieved March 14, 2014, from AmosWeb: http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpdc=dspk=money+characteristics Money Functions. (2000-2014). Retrieved February 23, 2014, from AmosWEB: http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpdc=dspk=money+functions Function of Money. (2013). Retrieved March 08, 2013, from CliffsNotes: http://www.cliffsnotes.com/more-subjects/economics/money-and-banking/functions-of-money Beggs, J. (2014). What is Money? Retrieved February 23, 2014, from About.com: http://economics.about.com/od/money/a/What-Is-Money.htm Freeman, A. (2012, January 12). Economics and Liberty : What is Money? Retrieved February 23, 2014, from WordPress.com: http://economicsandliberty.wordpress.com/what-is-money/ Normanton, R. (n.d.). What Are The 6 Characteristics Of Money? Retrieved March 15, 2014, from Blurtit: http://travel.blurtit.com/1119605/what-are-the-6-characteristics-of-money Rouse. (2011, March 26). Functions and characteristics of money. Retrieved February 24, 2014, from Mr Rouse Online Classroom: http://mrrouse.com/2011/03/26/money/ Rouse, M. (2011, March 26). Mr Rouses Online Classroom. Retrieved March 14, 2014, from Functions and Characteristics of Money: http://mrrouse.com/2011/03/26/money/ Studypoints. (2011, November 21). What are the good qualities of money materials. Retrieved February 24, 2014, from Studypoints: http://studypoints.blogspot.com/2011/11/what-are-qualities-of-good-money_7256.html UPADHYAYA, K. (2012). 4 essential functions of Money. Retrieved January 23, 2014, from http://www.preservearticles.com/201104115268/4-essential-functions-of-money.html

The Formulaic and Episodic X-Files and Supernatural Essays -- Televis

The subjects of this study, The X-Files (Carter, 1993-2002) and Supernatural (Kripke, 2005-), can be seen as innovative pioneers of ‘narrative complexity’ and of the ‘monster-of-the-week’ (MOTW) concept. Mittel identifies narrative complexity, ‘At its most basic level, narrative complexity is a redefinition of episodic forms under the influence of serial narration—not necessarily a complete merger of episodic and serial forms but a shifting balance. Rejecting the need for plot closure within every episode that typifies conventional episodic form, narrative complexity foregrounds ongoing stories across a range of genres. Additionally, narrative complexity moves serial form outside of the generic assumptions[.]’ (Mittel, 2006, p.32) The monster-of-the-week concept is rather self-explanatory, but can be described as telling standalone stories that literally feature a monster, or enemy, every week however, The X-Files have challenged the serial, standalone nature of the concept (Kruse, 1997-8, p.110). The X-Files stars FBI agents, Mulder and Scully, as they take charge in investigating the ‘X’ files (cases that occur through unknown phenomena). Mulder, the believer, and Scully, the sceptic, face corrupt government officials and monstrous mutants while trying to uncover the meaning to unknown phenomena that otherwise, cannot be explained. The episodic and formulaic series allow Mulder and Scully to face phenomena after phenomena while being spliced with an undercurrent of the more serial format of a greater ‘mytharc’ concerning government corruption and of the alien colonisation of earth. Supernatural tells the story of Dean and Sam Winchester, brothers-in-arms, who also, within formulaic and self-contained episodes, hunt monsters... ...d Everyday Life in Buffy the Vampire Slayer. In: M. Hammond and L, Mazdon, eds. 2005. The Contemporary Television Series. Edinburgh: Edinburg University Press, pp.159-182. Hodges, L., 2008. Mainstreaming Marginality: Genre, Hybridity, and Postmodernism in The X-Files. In: J. P. Tellote, ed. 2008. The Essential Science Fiction Television Reader. Kentucky: Kentucky University Press, pp.231-246. Mittel, J., 2007. Film and Television Narrative. In: D. Herman, ed. 2007. The Cambridge Companion to Narrative. Cambridge: Cambridge University Press, pp.156-171. Mittell, J., 2006. Narrative Complexity in Contemporary American Television. The Velvet Light Trap, 58(32), pp.29-40 Nixon, N., 1998. Making Monsters, or Serializing Killers. In: R. Martin and E, Savoy, eds. 1998. American Gothic: New Interventions in a National Narrative. Iowa: Iowa University Press, pp.217-236.

Caso Scott and Sons Company Essay

O. M. Scott and Sons Company is a business in the lawn care and garden product industry. Currently, the company is reviewing the results of 1961 and preparing plans for the 1962 selling season. Sales were increasing and so is net income except for the year 1960 to 1961. he company is facing a good economy as evidenced by the increase in sales. Industry is investing in research and development of products. Competitors are slowly entering the market. O. M. Scott and Sons Company is a business in the lawn care and garden product industry. Currently, the company is reviewing the results of 1961 and preparing plans for the 1962 selling season. Sales were increasing and so is net income except for the year 1960 to 1961. Presently, the company is using a combination of traditional seasonal dating plan and trust receipt plan to encourage and enable as many dealers as possible to be well stocked in advance of seasonal sales peaks. Also, this combination was used to retain security interest in merchandise shipped. Documents the organizational changes that took place at O. M. Scott & Sons Co. in response to their leveraged buyout. Provides the opportunity for students to discuss the effects of high leverage on management decision making, and the differences between operating as a small subsidiary of a large conglomerate and as a free-standing company. Focuses on the role of the LBO sponsor in the management of the company, the role of restrictive debt covenants, and the effect of changes in the compensation system at the company. – See more at: http://www. iesep. com/es/o-m-scott-sons-co-leveraged-buyout-13961. html#sthash. U5XhTQSy. dpuf Presently, the company is using a combination of traditional seasonal dating plan and trust receipt plan to encourage and enable as many dealers as possible to be well stocked in advance of seasonal sales peaks. Also, this combination was used to retain security interest in merchandise shipped. Documents the organizational changes that took place at O. M. Scott & Sons Co. in response to their leveraged buyout. Provides the opportunity for students to discuss the effects of high leverage on management decision making, and the differences between operating as a small subsidiary of a large conglomerate and as a free-standing company. Focuses on the role of the LBO sponsor in the management of the company, the role of restrictive debt covenants, and the effect of changes in the compensation system at the company. – See more at: http://www. iesep. com/es/o-m-scott-sons-co-leveraged-buyout-13961. html#sthash. U5XhTQSy. dpuf he company is facing a good economy as evidenced by the increase in sales. Industry is investing in research and development of products. Competitors are slowly entering the market. O. M. Scott and Sons Company is a business in the lawn care and garden product industry. Currently, the company is reviewing the results of 1961 and preparing plans for the 1962 selling season. Sales were increasing and so is net income except for the year 1960 to 1961. Presently, the company is using a combination of traditional seasonal dating plan and trust receipt plan to encourage and enable as many dealers as possible to be well stocked in advance of seasonal sales peaks. Also, this combination was used to retain security interest in merchandise shipped. Documents the organizational changes that took place at O. M. Scott & Sons Co. in response to their leveraged buyout. Provides the opportunity for students to discuss the effects of high leverage on management decision making, and the differences between operating as a small subsidiary of a large conglomerate and as a free-standing company. Focuses on the role of the LBO sponsor in the management of the company, the role of restrictive debt covenants, and the effect of changes in the compensation system at the company. – See more at: http://www. iesep. com/es/o-m-scott-sons-co-leveraged-buyout-13961. html#sthash. U5XhTQSy. dpuf he company is facing a good economy as evidenced by the increase in sales. Industry is investing in research and development of products. Competitors are slowly entering the market. O. M. Scott and Sons Company is a business in the lawn care and garden product industry. Currently, the company is reviewing the results of 1961 and preparing plans for the 1962 selling season. Sales were increasing and so is net income except for the year 1960 to 1961. Presently, the company is using a combination of traditional seasonal dating plan and trust receipt plan to encourage and enable as many dealers as possible to be well stocked in advance of seasonal sales peaks. Also, this combination was used to retain security interest in merchandise shipped. Documents the organizational changes that took place at O. M. Scott & Sons Co. in response to their leveraged buyout. Provides the opportunity for students to discuss the effects of high leverage on management decision making, and the differences between operating as a small subsidiary of a large conglomerate and as a free-standing company. Focuses on the role of the LBO sponsor in the management of the company, the role of restrictive debt covenants, and the effect of changes in the compensation system at the company. – See more at: http://www. iesep. com/es/o-m-scott-sons-co-leveraged-buyout-13961. html#sthash. U5XhTQSy. dpuf

Labor Force

In any industry or company service workers do raise some complaints due to the way their employers treat them or due to the condition of working place.   These are some of the complaints most of workers do raise.   Service workers at times complain about low pay, no benefits and lack of effective communication from their employers.   Other issues such as workers being treated like slave laborers with no breaks and sexual harassment by he employers.   Problems such as political, height and weight discrimination are also faced by workers.   Some workers are mocked either because they are too short, tall or overweight.   Last problem is failure by employer to provide safety gadgets to its employees. In order to solve the above issues raised by workers, unions have been found to be of help.   Unions always try to analyze workers problems and try to protect them against threats from their employers.  Ã‚   In a case where safety gadgets are to be provided, unions do assist them in obtaining these safety measures.   Just like in oil mining fields gumboots and helmets are necessary because of accidents. Most workers tend to run away from jobs because there is no safety at the work place (Gus, 1995). Some of the reasons why new collar workers would not want the same benefits and clout that Blue collar workers were able to get by unionization are:   New collar workers get more benefits while blue collar workers get less benefits.   This makes collective bargaining become very hard because of the difference.   The more benefits you receive the stronger the bargaining power.   Blue collar workers are paid less and retirement age is always a bit early. Since blue collar workers are influenced by their employers they are always afraid especially in presenting their grievances. They fear threats of being sacked by their employers, which may make them loose their jobs (Gani, 1996). New collar workers may be hesitant to join a union especially when they realize that there are no benefits in what the union has to offer.   Normally workers need benefits that collective bargaining can bring but if the union is found to have no teeth to protect their interest then unionization is seen as useless.   Another reason why new collar workers may be reluctant to join unions does come from the influence of employers. Some employers use divide and rule tactics where they hold meetings with individual employee.   In this case they send messages of threats in the workforce cautioning workers that they risk suspension.   New collar workers also become reluctant to join unions because of lack of patience.   Most of them lack that time to wait long when it comes to fighting to achieve what they want (Michael, 2003). The future prospects of union in service industry according to my feeling are that it may end up fading with time.   This is because most of these unions do not commit to their core objectives why they were formed.   Workers are withdrawing from the unions because they feel they are cheated where by the system that is suppose to help them protect there is doing no job. References Gani, A  Ã‚   (1996). International Journal Manpower: Who Joins the Unions and Why (pp54 – 55) Mc B. up Ltd. Gus, T. (1995).   Look for the Union Label. Me Sharpe Publishers. New York Michael, D. (2003).   Why Unions Makers.   Amazon.com Books Publishers. New York.