Textile Mill Scheduling - 760 Words

Textile Mill Scheduling Problem formulation †¢ Variable assignment on the length of each fabric produced and purchased: X1 - Length of fabric 1 in Yards produced as dobbie looms X2 - Length of fabric 2 in Yards produced as dobbie looms X3 - Length of fabric 3 in Yards produced as dobbie looms X4 - Length of fabric 4 in Yards produced as dobbie looms X5 - Length of fabric 5 in Yards produced as dobbie looms X6 - Length of fabric 3 in Yards produced as regular looms X7 - Length of fabric 4 in Yards produced as regular looms X8 - Length of fabric 5 in Yards produced as regular looms X9 - Length of fabric 1 in Yards purchased X10 - Length of fabric 2 in Yards purchased X11 - Length of fabric 3 in Yards purchased X12 - Length of fabric 4 in Yards purchased X13 - Length of fabric 5 in Yards purchased †¢ Monthly Data for Scottsville Textile Mill Fabrics Fabric 1 Fabric 2 Fabric 3 Fabric 4 Fabric 5 Demand, D 16,500 22,000 62,000 7,500 62,000 Selling Price, S 0.99 0.86 1.1 1.24 0.7 Variable Cost, V 0.66 0.55 0.49 0.51 0.5 Purchase price, P 0.8 0.7 0.6 0.7 0.7 †¢ Cost Fabric Manufacturing cost (Selling Price- Variable Cost) Purchasing Cost (Selling price- Purchase Price) 1 0.99-0.66= 0.33 0.99-0.8= 0.19 2 0.86-0.55= 0.31 0.86-0.7= 0.16 3 1.1-0.49= 0.61 1.1-0.6= 0.5 4 1.24-0.51= 0.73 1.24-0.7= 0.54 5 0.7-0.5= 0.2 0.7-0.7= 0 †¢ Working Hour in a Month Dobbie: 8 looms x 24 hours x 30 days= 5760 hours Regular: 30 looms x 24 hours x 30 days= 21600 hours †¢ Yard per hour FabricShow MoreRelatedCase Problem: Textile Mill Scheduling1087 Words   |  5 PagesCase Problem: Textile Mill Scheduling Assuming, X1 = Yards of fabric 1 purchased X2 = Yards of fabric 1 on dobbie looms X3 = Yards of fabric 2 purchased X4 = Yards of fabric 2 on dobbie looms X5 = Yards of fabric 3 purchased X61 = Yards of fabric 3 on dobbie looms X62 = Yards of fabric 3 on regular looms X7 = Yards of fabric 4 purchased X81 = Yards of fabric 4 on dobbie looms X82 = Yards of fabric 4 on regular looms X9 = Yards of fabricRead MoreHow the Industrial Revolution Affects Us Today5039 Words   |  21 Pagesthe raw materials, paid for the work, and took the risk of finding a market for their products. They often spread their operations to include workers in nearby villages. In the home, the whole family worked together making clothing, food products, textiles, and wood products. The way of life differed from place to place, depending on the climate, the soil, and the distance from towns and trade routes. For most people, life revolved around the agricultural seasons--planting, cultivating, harvestingRead MoreCase Analysis of Kota Fibers, Ltd Essay3444 Words   |  14 PagesCase Analysis of Kota Fibers, Ltd Name Date Executive summary Kota Fibers, Ltd engages in yarn production in Kota Town, India. Textile millers use the yarn to make traditional dresses (saris) for women in India. Kota Fibers has been in operation since 1962 and has over the years faced an annual growth rate of 15 percent. This due to the rapid growth of the female population in India. In January 2001, the Managing director of the company Ms. Pundir realized that the company has beenRead MoreEssay on Kota Fibers3343 Words   |  14 Pagesyarns to local textile weavers mainly to make the traditional women’s dress in India; the saris. Ms. Pundir was both the managing director and principal owner of the company. Kota Fibres used new technology and domestic raw materials to produce their quality product. The demand for saris amounted to 12 billion yards of fabric The Case Papers Kota Fibres, Ltd. was founded in 1962 in Kota, India. Created to produce nylon Fibre, Kota Fibres provided synthetic Fibre yarns to local textile weavers mainlyRead MoreIfacs Evolution Model of Management Accounting2827 Words   |  12 PagesSummary of Historical Developments in Cost Accounting The development of cost accounting and management control practices from the early textile mills and railroads through the formation of the great industrial enterprises in U.S. corporations has been well traced by Thomas Johnson. Johnson describes the cost accounting system of Lyman Mills, a New England textile mill that enable the managers to monitor the efficiency of the mill’s conversion of raw material into a variety of finished goods. In laterRead MoreEvolution of Production and Operations Management2318 Words   |  10 Pagesbusiness with clear line management responsibilities. (Chase, Jacobs, Aquilano, 2006:9) Operations management is the management of processes or systems that create goods and/or provide services. It encompasses forecasting, capacity planning, scheduling, managing inventories, assuring quality, motivating employees, deciding where to locate facilities, buying material and equipment and maintaining them, and more. (Stevenson, 2002:4) At the most fundamental level, operations management is aboutRead MoreLead Time Management in Garment Sector6952 Words   |  28 PagesBangladesh and some other developing countries have gradually become the global players in international trade in RMG. However, the Multi-fibre Arrangement facility, which was extended to favour the least, developed countries in exporting garments and textile has phased out after 2005. Consequently, the beneficiaries of MFA, including Bangladesh are facing severe competition in the unprotected world market. At present, this sector is facing numerous challenges nationally and globally. Lead Time ManagementRead MoreAnalysis Of Welspun Corp Ltd. Essay9873 Words   |  40 Pagesare steel, energy, and textiles, doing business in over 50 countries with 24,000 employees and over 100,000 shareholders. Its clients include companies operating in the oil and gas and retail sectors such as Chevron, ExxonMobil, WalMart, and Target. As a US$ 3 billion company, Welspun Group is one of India’s fastest growing conglomerates, registered at a CAGR of 30% over the last decade. Welspun is a fully integrated player within the Pipes, Plates Coils and Home Textiles sector, while it also hasRead MoreZara Is The Most Successful Retailer Brands Of Spanish Company Of The Inditex Group2427 Words   |  10 PagesRosalà ­a Mera. Zara is a Spanish clothing and accessories retailer in Arteixo and Galicia. The Inditex group also owns 7 brands: Massimo Dutti, Pull and Bear, Uterqà ¼e, Stradivarius, Oysho, Bershka and Zara Home. The Inditex group activities related to textile design, production and distribution. In 1980, Zara started expansion oversea through Portugal. Zara entered and opened first store the United States in 1989. Zara increased the fast international expansion in 1990. Zara stores are company owned, exceptRead MoreProduction System4042 Words   |  17 Pagesfor more inventory or call for a supervisor if assistance is needed. The terminals at each station enables central control center to track each unit at any given moment and provide management with data to make immediate decisions on routing and scheduling. Operators of the UPS control center can determine sequences of orders and colors to keep operators supplied with work and to minimize change in equipment, operations, and thread colors. A unit production system can control multiple routes and simultaneous

Dells Supply Chain Management - 1882 Words

Dell’s Supply Chain Management The term supply chain management (SCM) was initially used in wholesaling and retailing to denote the integration of logistics and physical distribution functions with the goal of reducing delivery lead times. Manufacturers and service providers have used the same term to describe integration and partnership efforts with first- and second- tier suppliers to reduce cost and improve quality and delivery timing. Terms such as integrated purchasing strategy, integrated logistics, supplier integration, value chain management, supply base management, strategic supplier alliances, lean production, Just-In-Time (JIT) logistics, and supply chain synchronization have been used in the literature to†¦show more content†¦The pulse of Dell s execution effort centers on increasing business velocity and eliminating waste. Dell employees are constantly focused on driving down backlogs, promoting best practices, and creating synergies among adjacent proces ses as seen in cross-functional initiatives such as the design-for-manufacturability effort between manufacturing and Ramp;D. This initiative successfully promoted product designs that are easier to assemble. In 1994, Dell was a struggling second-tier PC maker. Like many others, the company ordered its components in advance and manufactured to inventory. Then Dell began to implement a new business model. It converted its operations to a build-to-order process, eliminated its inventories through a just-in-time system, and sold its products directly to consumers. Dell carefully targeted corporate relationship customers that had predictable, budgeted needs and that wanted a pre-determined set of product models. The company also selected individual customers who were high-end, repeat purchasers with a preference for early technology adoption. Both account segments had the stable, predictable purchase patterns that Dell needed to make its joint build-product-to-order/buy-component-to-plan system work. In connection with this, Dell developed a set of new operations capabilities in five crucial areas (2005). First, it created the flawless make-to-order system that has been widelyShow MoreRelatedDells Supply Chain Management2081 Words   |  9 PagesDirect Sales and Build-to-Order Model: Dell’s computers, workstations, and servers are built-to-order and none are produced for inventory purposes which clearly cuts Dell’s cost on inventory. Dell customers could order through their website or even via phone, custom-made servers and workstations based on the needs of their applications. For desktop and laptop, customers are able to order whatever configuration of microprocessor speed, random access memory (RAM), hard-disk capacity, CD-ROM driveRead MoreRelationship Management Strategies in Dells Supply Chain5443 Words   |  22 Pagesusing the multinational corporation Dell, Inc, existing and suggested Relationship Management Strategies applied to both Upstream and Downstream members of a supply chain. It also examines and gives an analysis of, using several diagrams, tables and models, Dell’s product range – and the customers who buy them. This paper also examines several Key Issues associated with maintaining positive relationships with supply chain members, and how they may be worked out, besides providing an in-depth analysisRead MoreIntroduction to Supply Chain Management System: Dell Computer Corporation1451 Words   |  6 PagesIntroduction to Supply Chain Management (SCM) System Supply chain management (SCM) is the combination of activities which help a company to improve the methods to make a product or service and deliver it to customers. (Larson, 2004) SCM encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. More importantly, it includes coordination and collaboration with other people who are associated with the business likeRead MoreHow Does Dell Manage Inventory Within Its Supply Chain? Essay1445 Words   |  6 PagesHow does Dell manage inventory within its supply chain? Supply chain consist of the series of activities that controls the flow of materials and information through operations to the end-user (Greasley 2013). There is also a people element to the supply chain – customers and employees (Elliott 2016). As materials are an integral part of the supply chain, inventory management is part of the supply chain management. Inventory management can be defined as the process of efficiently overseeing the constantRead MoreDell Value Chain1717 Words   |  7 PagesVALUE ADDED CHAIN IN DELL SUBMITTED BY: SIDDHARTHA DAS ROLL NO: 32 BATCH: PGDM (FM) 2010-12 SUBJECT: Project and Infrastructure Management: Financing, Implementation and Control Table of Contents Sl.No. | Description | Page No. | 1 | VALUE CHAIN ANALYSIS | 3 | 2 | VALUE CHAIN IN DELL | 4 | 3 | DIRECT SELLING STRATEGY OF DELL | 5 | 4 | COMPONENTS OF DIRECT SELLING STRATEGY | 6 | 5 | ADVANTAGES OF VALUE CHAIN OF DELL | 8 | 5.1 | CONCLUSION | 9 | CHAPTER-1 What is ValueRead MoreDell’s Competitive Advantage:1038 Words   |  5 PagesDell’s Competitive Advantage Dell is officially the No. 1 computer systems company in the world. Dell is able to sustain a competitive advantage over competitors in the computer industry because of an extremely efficient supply chain/distribution system. Dell is able to achieve superior profits in the industry because they are a knowledgeable user of information, communication, e-commerce, e-business, internet, and web technologies. Michael Dell states that Dell is so successful because ofRead MoreFord Motor Case Study1291 Words   |  6 PagesExecutive Summary: Ford wanted to adapt the idea of virtual integration to improve its supply chain. By the use of technology; it wanted to reduce its working capital and increase profits. Moreover, the company was emphasizing more and more on shareholder value and customer responsiveness so they were looking into reengineering some of their processes which can help improve their current forecasting model and reduce OTD cycle times substantially. With new business models prevailing, Ford did notRead Moredell supply chain managment1676 Words   |  7 PagesCourse: Supply Chain Management (SCM) Assignment One – Singular Unit Supply Chain Management Subject HOW DELL IS MANAGING ITS SUPPLY CHAIN Writer Bassam Badran IV Date of delivery 10-10-2012 Due date (submittal) 10-11-2012 Grade 20% References Compiled from several articles in Business Week (1997 through 2001); cio.com (2001); dell.com, accessed March 27, 2003; Hagel (2002). 1. Principals and Reasons In this project you would understand the concept of managing the supply chain in DellRead MoreDell Supply Chain Managment2938 Words   |  12 PagesSupply Chain Management Term Paper On INVENTORY DECISIONS IN DELL’S SUPPLY CHAIN MANAGEMENT Submitted to Dr. P.R.S SHARMA Gitam School of International Business Submitted by UKR PRASANTH BABU.K 1226111138 (IB) SECTION-A INVENTORY DECISIONS IN DELL’S SUPPLY CHAIN MANAGEMENT EXECUTIVE SUMMARY Dell is the largest computer-systems company based on estimates of global market share. It is also the fastest growing of the major computer-systems companies competing in the businessRead More Ford Motor Company Supply Chain Strategy Essay1397 Words   |  6 PagesFord Motor Company Supply Chain Strategy Background In 1913, Henry Ford revolutionized product manufacturing by introducing the first assembly line to the automotive industry. Ford’s hallmark of achievement proved to be a key competence for the motor company as the low cost of the Model T attracted a broader, new range of prospective car-owners. However, after many decades of success, customers have become harder to find. Due to relatively new threats to the industry, increasing numbers of

The Feathered Serpent God, Quetzalcoatlus

My Experience Essay My Personal Experience - 1044 Words

My Personal Experience Friday, September 13, 2013 was the worst involvement ever why? My mothers decreased on this day about 4 decrepitude ago. She decreased from an asthma attack furthermore, it’s not a light of day that I don’t absence my mother. The tenacious part for my brother and I was when we first realize she had decreased even though I was still youthful and still in the schoolhouse, but I knew my enthusiasm was about to constitute due to losing my mom will modify the way I examine the indicate . I would illustrate my mothers as a gorgeous, splendid, delicate, exquisite, delightful, well-educated woman., she gave birth to an delectable young lady , she was the first woman I impression at when I opened my eyes,†¦show more content†¦When I arrive to the hospital the only action I could accept was to cry due to the case that the only action I could accept was gazing at my mothers landing there in the hospital bed. When I arrive at my residen ce my father was standing there waiting for us to arrive at the residence. When my brother pulled up he walked into the house to meet me and my father. My father embraces me and my brother as tight as on the other hand, he knew that losing a mother at an early age was tough to deal with on your own. He told us that we were going to be all right considering she would be watching over us. As a Result, we went to the creation home to identify my mothers body, yet we also picked out a wardrobe that she would relate to wear to her cremation. We knew she didn’t like to wear skirts consequently we had pick out a suit for her cause I knew that what she would have wanted to wear to her cremation. When we left from viewing my mothers body we went to find us something to wear to the cremation. The color we announce family and friends to wear was black. When we finished discovery us a few clothing to wear to the cremation we went home. A week later we had my mothers cremation at our church we attended. We knew sheShow MoreRelatedPersonal Essay : My Personal Experience1765 Words   |  8 PagesMy Personal Experience Not being able to graduate has affected my life, a bunch. Not graduating, made things difficult for me, however, made things better, but on the other hand, made them even worse for what I had been under, stress and pressure. The one person putting the most pressure on me, was none other than me, but my family puts some of the stress on me too. Not being able to walk and diplomate from High school, had been already humiliating enough for me, how I brainwashed myself, and wasRead MorePersonal Experience: Camping with my Family Essay540 Words   |  3 PagesEvery summer my dad, brother, and I go camping at least twice a month. We don’t have a set camp ground we go to, we just love camping on warm summer days and we bring our little fishing boat to the lake and ride the cool calm water. We would set the boat with our anchor, cast our fishing rods, and relax while catching so many whiskered catfish. We have been doing this for a few years since we moved here from Massachusetts. T he lakes are large with not a lot of people around, which is nice and relaxingRead More My Personal Experience with Prejudice in America Essay1148 Words   |  5 PagesSomeone once asked me how I felt about prejudice. â€Å"In contrast to what?†, or should I say, â€Å"shocking in all its forms.† Initially my response was puzzling. Let me explain. If you were to ask me how I felt about prejudice in the United States I would have to say, â€Å"Here, I am very aware of my skin color.† It is no secret that the US has had a long historical battle with racism. I am able to be educated at the collegiate level, due wholly, or in part, to the Civil Rights movement of the 1960’sRead MorePersonal Experience: My Psychotic Disorder Essay796 Words   |  4 Pagesand then I went up and gave my speech. My speech was on representativeness heuristics, just like I learned in this class. I had no problem with nervousness, I did not slur my words or make repetitive words, and I did the speech without no problems in five minutes. I did not practice nor did I prepare for the speech (other than putting slides together and an outline). I was told that it was one of the best speeches, However, this compliment did not register an emotion on my part, just as the speech itselfRead MoreMy Personal Experience Learning to Golf Essay948 Wor ds   |  4 Pagesthe imagination. My experience with golf began in May of 2005 when friends came to stay with us; my wife informed me that I would have to take Roy, her friend’s husband Golfing. I had not been to a driving range (since I was in my teens) and I had never played golf on a course before. It was quite an experience; the weather was cold, rainy and nasty the three times we played while they where here, the game hooked me badly, even with the bad shots and the nasty weather. This essay is about the causeRead More My Personal Experience with Pregnancy Discrimination Essay2883 Words   |  12 Pagesillness. Personal Experience In 1991, I myself had become pregnant, while working full time in a male dominated field, and was the only female within childbearing age. My pregnancy was unannounced until it became physically apparent. My intentions were to discuss my pregnancy leave with my employer during my last trimester. My workload was increasing with unreasonable deadlines that no one else was being subjected to. I began to feel the effects of the demands it placed on my body and my unbornRead MoreEssay on Personal Narrative: My Experiences with Learning Processes1386 Words   |  6 Pagesthrough teaching or experience. Thus learning is combination of theoretical knowledge and practical experience. When they put theoretical knowledge to practical use and is able to get some result out of the same. Learning has got various purposes, knowing the difference between different learning stages, evaluating ones strengths and weaknesses, develop action plans. Learning styles lead to self development. Self-develop ment is basically personal development. It is about improving personal knowledge, skillsRead MorePersonal Experience: My Life as a Monk Essay example1337 Words   |  6 Pagesonce you say your final vows it is very difficult to get out. My family and I decided it would be a great opportunity for me to join a monastery because I wanted to get an education and many of my family members had gone into monasteries and convents, but I was still unsure about living in a monastery for the rest of my life and being celibate. My journey became very emotional. I stayed in the monastery for a few months so I could experience life as a monk, I was called a novice at this time. I learnedRead MoreEssay on Personal Family Experience: My Mom is Such as an Angel623 Words   |  3 Pageshappening of a conversation with my mom let me realized to cherish her and be filial, which also changed who I am, since I had started being aware that mom would get older and older, and I would have less and less time to stay with her. Mom is always with me whenever I need her so that I rely on her a lot. I usually thought that she would be with me forever, so that I had neither thought about being filial to her and letting her be happy, nor cherished the time with her. Until my fifth birthday, mommy toldRead MoreEssay about My Personal Experience in Research Projects604 Words   |  3 Pages Research Experience I have proactively engaged in research activity throughout my undergraduate program. I had my first research experience in Dr. B Anand’s lab, Indian Institute of Technology (IIT), Guwahati, during my second year. The aim of the project was to study the non-fluorescent beta-barrel structured proteins and engineer its amino acid sequence to make them into fluorescent ones. Our approach was mainly based upon the studies

Utopia Story Free Essays

Utopia Thomas Mere’s utopia which was the predecessor for the concept continues to be appropriated into a range of cultures and contexts. Increasingly however, these are Utopias are dyspepsia. A utopia is defined as an imagined place or state of things in which everything is perfect. We will write a custom essay sample on Utopia Story or any similar topic only for you Order Now The word was first used in the book Utopia (1516) by Sir Thomas More. The opposite of utopia is a dyspepsia, an imagined place or state in which everything is unpleasant or bad, typically a totalitarian or environmentally degraded one. The themes present in the texts Utopia, Cataract, Fahrenheit 451 and the Pedestrian whether they are a Utopia or a Dyspepsia intertwine and give us a sense that the slightest push in any direction for our society could result in a catastrophic dyspepsia. In Ray Bursary’s The Pedestrian, the idea of technology taking over and the decline of human feelings and interactions are strongly represented. In The Pedestrian Bradbury has used a futuristic setting of society to critique It. He presents the undesired characteristics lying within our society and enhances and pronounces hem in The Pedestrian. He conveys the alienation and lack of emotions that is beginning to show in our society and presents them in his text a possible future for humanity if we were to go down that path. The way Bradbury represents technology in his short story is as if it is evil and tearing humanity apart. So devoid of emotion is the environment and surroundings of the main character that it creates a giant contrast to the main character to who Is, to the audience symbolizes as us, an average person All of the techniques such as metaphors and similes are used to enhance the alienation of the main character representing us from the environment and everything else. In the text Cataract, the main themes are, like the pedestrian, the taking over of technology and loss of humanity. In Cataract, It Is In the future and every child Is made and selected through a far more advanced form of IF where the best genes are extracted from the parent’s and then Implanted back In the mother. The hair and eye color and sex are chosen, any possibility for diseased genes is removed and as he characters are told â€Å"the children are still you, simply the best of you†. The story centers on Vincent, a child who was conceived naturally and suffered immensely because of the new way to discriminate, through inferior genes. The way the world In Cataract Is presented to the audience, with employees checking Into work by having their fingers pricked to test their blood and how strictly business like and devoid of emotion it is works to present a possible dyspepsia for our society through Cataract. Science and technology is key, there is no time nor place for emotion, this is was Cataract represents. Fahrenheit 451 Is another dyspepsia text that presents the themes of lacking emotion and the taking over of technology, In this text, everything we know In our society has been twisted and stretched to the extreme to resemble something we barely recognize. Firemen are now employed to burn all books, starting fires instead of putting them out. The characters in this text are shadows, seemingly without a purpose or many emotions. The concept of talking to each other and enjoying the environment is alien to them, their only form of enjoyment a four wall TV that surrounds like a room, further cutting them off from emotion, humanity and enclosing them in technology as such. These Dyspepsia are all conceived from the original Utopia written by Sir Thomas More, and are used like More did, to critique the society the authors live or lived in. The extreme elements in each of these Utopias could be possible and that is what the authors wanted to present, almost like a warning to us. Emily Newman How to cite Utopia Story, Papers

Coffee Shop Business Plan In Australia †MyAssignmenthelp.com

Question: Discuss about the Coffee Shop Business Plan In Australia. Answer: Introduction: Organizational Structure Location The Sunrise Coffee Shop will be located in the prime section of the commercial, shopping, entertainment, and tourist district of the downtown Queensland. The caf will be located on the ground floor in a location which offers a beautiful view of the busy district and is still away from the hustle and bustle of the downtown. Its a busy place throughout the year and offers an opportunity for generating good business all the year round (Hu, 2014). Renting the shop During the start up phase we plan to rent the premises and a beautiful 2500 square foot space has been leased for a period of 2 years, which was earlier occupied by a book caf. The place has an eclectic feel to it and the woodwork and interiors are aesthetically suitable for the atmosphere we would like to create in our coffee shop (Ruta, Saul, Tomasz, 2012). Management Team In the coffee business the staff and the team make a huge difference to the sales as people look for a coffee culture and not just the beverage. Themanagement team of the Sunrise Coffee shop would be led by a manager who already has a five year experience in themanagement aspects of the beverage industry and is well versed with the inventory requirements of a Coffee shop and will devise business strategies and look after other marketing and managerial functions and the daily operations of the Sunrise Coffee (Bouncken, Kraus, 2013). Besides the manager there will be three full time baristas who would be in-charge of the coffee preparations. To meet the other staffing needs, six more employees would be hired on a part-time basis in the first year of the operation. Looking at the sales volume the strength of the part time employees would be increased accordingly in the second year (Hu, 2014). Mission and vision The Sunrise Coffee shop would like to create a unique place in the busy world today, where the people would like to come, sit down, and read or socialize over a cup of their favourite coffee and a bite of the best pastry in town. It will be a place where we hope to provide an ambience, a customer friendly serving staff, and some of the best coffee. We want the Sunrise Coffee to be a place where people can get rid of their tension and stress and enjoy a leisure time with their coffee (Xie, Zhang, Zhang, 2014). Objectives The main objectives for the Sunrise Coffee in the first year are: To make it to the list of the Best Coffee Shops by the local coffee bar and restaurant guide book and be the most preferred destination for a coffee experience in the district. To achieve a 20% profit margin towards the end of the first financial year and increase the profit margin by a minimum of 5% every subsequent year (DaSilva, Trkman, 2014). Products and Services The main product offering of the Sunrise Coffee will be roasted gourmet coffees with varieties like espresso, cappuccino, candy-bar latte, carmelicious, Mocha, White mocha, and brewed coffee. The coffees will be offered with skimmed and whole milk and also an option of soy milk. Along with the coffee line we also plan to offer teas, some other refreshment beverages, and pastries and sandwiches to go along with the beverages. We also plan to sell coffee beans to our gourmet clientele (Xie, Zhang, Zhang, 2014). External environmental factors affecting business There is high rate of both entry and exit in the coffee shop business because there are very few entry barriers to the industry in Australia. However, the coffee shops and caf industry in Australia has reflected a strong growth and is expected to grow even further as the economy of the country strengthens further. The industry revenue forecast for the industry predicts a growth rate of 4% every year over the period of the next five years starting from the year 2016-17 (Cafes and Coffee Shops in Australia, n.d.). The demand for good quality gourmet coffee has increased in Australian consumers to such a level that even during the phase of global economic recession the coffee industry continued its growth in profits as compared to the other sectors of the food and hospitality industry. This has increased the demand for smaller coffee shops and gourmet coffee houses in the different locations in the city where consumers have a quick reach to their favourite blends of coffee (Caf or coffee shop - Business ABLIS, n.d.). The start up costs of a coffee shop is pretty low as compared to the other industries. The coffee machines can be a costly equipment to be purchased by a new entrant and the best models can cost anything near $ 10000. However, coffee machines along with the other equipment and fittings can be leased, making it much more cost effective in the initial years. The industry is very fragmented and the coffee shops have a much lower share of market concentration in comparison to the other industries (Cafes and Coffee Shops in Australia, n.d.). Risks confronting the business A coffee shop is a very customer service oriented business and therefore the risk that the services might not live up to the standards perceived by the customers can prove to be bad for the business. The industry suffers from a high rate of employee turnover especially in the casual staff and this may affect the services being offered by the coffee shop adversely. Since the coffee industry has very few entry barriers, therefore it is very important to maintain the high quality of the products being offered at prices which are competitive (Salerno, DaSilva, Bagno, et al, 2015). The coffee shops face a lot of competition not just from the local cafes but also from the big national and international chains like Starbucks, Costa Coffee, and much more. Therefore, one has to plan the marketing and advertising campaigns effectively and aggressively and top up the menu with new product offerings to tap into the target market (Souto, 2015). The pricing of the final products is dependent on the supplier costs. Therefore, the menu has to carefully planned and regulated so that our products can be competitively priced and to ensure that the cost of raw materials does not exceed the cost of sales and the quality is also maintained (Souto, 2015). Business practices to enhance performance The Sunrise Coffee Shops strategy will be to target new customers, retain the old customers, and getting the existing and new customers to come back repeatedly and more often. The USP of the Sunrise Coffee Shop is providing its customer with not just a coffee of their preference but also an ambient environment in which they would like to spend some leisure time. Comfortable sofas instead of chairs and soft music will help the customers feel relaxed and will differentiate The Sunrise Coffee shop from the other competitors in the market (Salazar, Soto, Mosqueda, 2012). The baristas have been all handpicked and have a high level of professionalism along with passion for coffee which reflects in their beverages. The marketing and advertising strategy plans to use this point as a selling point in its promotional campaigns. Sunrise Coffee shop plans to promote the message of environmental awareness through its marketing and advertising campaigns. We also plan to enter into collaboration with the local environment preservation groups and promote both health and environmental awareness on our product packaging and displays in the coffee shop (Velu, 2015). Critical Functions for the business One of the key factors which affect the success rate of a coffee shop business is the target market that you select and devising a business strategy to focus on that particular segment. Another factor is to manage the cash flows and quality controls in the coffee shop and to hire not just skilled baristas but also good business managers. The other crucial element is to operate the coffee shop at full capacity and also be flexible enough to adjust the products and services according to the changing dynamics of the target customers (Saeed, Henk, Ilan, 2017). References Bouncken B. Ricardo, Kraus Sascha (2013). Innovation in knowledge-intensive industries: The double-edged sword of cooperation. Journal of Business Research, Volume 66, Issue 10, pp. 2060-2070. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0148296313000568 Cafes and Coffee Shops in Australia. (n.d.). Retrieved August 09, 2017, from https://www.ibisworld.com.au/industry-trends/market-research-reports/accommodation-food-services/cafes-coffee-shops.html Caf or coffee shop - Business - ABLIS. (n.d.). Retrieved August 9, 2017, from https://ablis.business.gov.au/QLD/resource/ DaSilva M. Carlos, Trkman Peter (2014). Business Model: What it is and What it is not. Long Range Planning, Volume 47, Issue 6, pp. 379-389. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0024630113000502 Hu Baoliang (2014). Linking business models with technological innovation performance through organizational learning. EuropeanManagement Journal, Volume 32, Issue 4, pp. 587-595. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0263237313001254 RutaAidis, Saul Estrin, Tomasz Marek Mickiewicz (2012). Size matters: entrepreneurial entry and government. Small Business Economics, Springer Publication, Volume 39, Issue 1, pp. 119-139. Retrieved from: https://link.springer.com/article/10.1007/s11187-010-9299-y SaeedKhanagha, HenkVolberda, IlanOshri (2017). Customer co-creation and exploration of emerging technologies: The mediating role of managerial attention and initiatives. Long Range Planning, Volume 50, Issue 2, pp. 221-242. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0024630115000953 Salazar L. Alejandra, Soto C. Ricardo, Mosqueda E. Rafael (2012). The impact of financial decisions and strategy on small business competitiveness. Global Journal of Business Research, Vol. 6, No. 2, pp. 93-103. Retrieved from: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1945906 Salerno S. Mario, daSilva O. Debora, Bagno B. Raoni, et al. (2015). Innovation processes: which process for which project.Technovation, Volume 35, pp. 59-70. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0166497214001072 Souto E. Jaime (2015). Business model innovation and business concept innovation as the context of incremental innovation and radical innovation. Tourism Management, Volume 51, pp. 142-155. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0261517715001120 VeluChander (2015). Business model innovation and third-party alliance on the survival of new firms. Technovation, Volume 35, pp. 1-11. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0166497214001291 Xie L. Karen, Zhang Zili, Zhang Ziqiong (2014). The business value of online consumer reviews and management response to hotel performance. International Journal of Hospitality Management, Volume 43, pp. 1-12. Retrieved from: https://www.sciencedirect.com/science/article/pii/S027843191400125X

Matts Ethical Dilemma People and the Standards

Question: Mini-case study: Matts Ethical Dilemma(Adapted from Management Accounting, 4th Edition, D.R. Hansen and M. M. Mowen, 1997, South-Western College Publishing, Cincinnati OH)This mini case study is designed to encompass the following graduate skills/capabilities: written communication in the form of a brief written report, critical thinking, problem solving, decision making, information literacy and ethical awareness and of course, improving your basic understanding of professional accounting practice. Feedback will be given on your assignment and your grade will be available in the Grade Book on LMS.Stephanie Birchgrove, manager and owner of an advertising company in Melbourne, Victoria has arranged a meeting with Matt Rankin, the chief accountant of a large, local competitor. The two are lifelong friends. They had grown up together in a small Victorian country town and attended the same primary and secondary schools and university.Matt was a competent, successful accountant with FCPA designation but currently was experiencing some personal financial difficulties. The financial problems were created by some investments that had turned sour, leaving him with a $100,000 personal loan to pay off just at the time his eldest son was scheduled to commence his secondary education at an expensive private school.Stephanie on the other hand, was struggling to establish a successful advertising business. She had recently required the franchise rights to open a branch office of a large regional advertising firm, headquartered in Adelaide, South Australia. During her first two years, she managed to build a small profitable practice, however, the chance to gain a significant foothold in the Melbourne advertising community hinged on the success of winning a bid to represent the state of Victoria in a major advertising campaign to attract new industry and tourism. The meeting she had scheduled with Matt concerned the bid she planned to submit.Stephanie: Matt, Im at a critical p oint in my business venture. If I can win the bid for the states advertising dollars, Ill be set. Winning the bid will bring in $6,000,000 to $7,000,000 of revenues into the firm. On top of that, I estimate that the publicity will bring in another $2,000,000 to $3,000,000 of new business.Matt: I understand. My boss is anxious to win that business as well. It would mean a huge increase in profits for my firm. Its a competitive business, though. As new as you are, I doubt that youll have much chance of winning.Stephanie: You may be wrong. Youre forgetting two very important considerations. First, I have the backing of all the resources and talent of a regional firm. Second, I have some political connections. Last year, I was hired to run the publicity side of the Premiers election campaign. He was impressed with my work and would like me to have this business. I am confident that the proposals I submit will be very competitive. My only concern is to submit a bid that beats your firm. If I come in with a lower bid and with good proposals, the Premier can see to it that I get the work. Matt: Sounds promising. If you do win, however, there will be a lot of upset people. After all, they are going to claim that the business should have been given to a local advertising firm, not to some out-of-state firm. Given the size of your office, youll have to get support from Adelaide. You could take a lot of heat.Stephanie: True. But I am the owner of the branch office. That fact alone should blunt most of the criticism. Who can argue that Im not local? Listen, with your help, I think I can win this bid. Furthermore, if I do win it, you can reap some direct benefits. With that kind of business, I can afford to hire an accountant, and Ill make it worthwhile for you to transfer jobs. I can offer you an up-front bonus of $15,000. On top of that, Ill increase your annual salary by 20 per cent. That should solve most of your financial difficulties. After all, we have been friends since day one at primary school and what are friends for?Matt: Stephanie, my wife would be ecstatic of I were able to improve our financial position as quickly as this opportunity affords. I certainly hope that you win the bid. What kind of help can I provide?Stephanie: It is simple. To win, all I have to do is to beat the bid of your firm. Before I submit my bid, I would like you to review it. With the financial skills that you have, it should be easy for you to spot any excessive cost that I may have included. Or perhaps I included the wrong kind of costs. By cutting excessive costs and eliminating costs that may not be directly related to the bid, my bid should be competitive enough to meet or beat your firms bid.Required:Matt is very worried about the situation he is in. He has asked you to write a very brief confidential report addressing the following: Are Matts instincts correct should he feel some reservations about analysing Stephanies bid? Would it be ethical to analyse Stephanies bid? By analysing Stephanies bid would Matt be violating any the fundamental principles of APES 110 Revised Code of Ethics for Professional Accountants (effective 1 July 2011 with early adoption permitted) issued by the Accounting Professional and Ethical Standards Board? The revised APES 110 is available at the following address:https://www.apesb.org.au/issued-standards What would you advise Matt to do? Answer: The matter here mainly deals with the instincts of Mr Matt and reaction that he will take from his side on the request made by Stephanie; the proposals made by Stephanie clearly act towards the negative intention which is the winning of the bid by taking the help of Matt as he is the employee there. The major reason is to reach at a price that Mr Matt can help him to reach with his 00professional qualities but this might lead to a problem in professional ethics rules formed by the code. Therefore then the thinking of Matt was reasonable as he could not decided where to do any such actions within the prescribe code of ethics prescribe by the law. One of the fundamental principles being Confidentiality it becomes important for the member of the institute as Matt is to follow the code and do such actions that are prescribed by the board. The decision taken by Matt would be based one of the most important factors being the confidentiality that the profession teaches and the work way that is also taught by the professional codes. So the codes and ethics used by the professional dont allow of this request to be accepted ad it might affect him in a positive manner. Hence APES 110 talks about the codes and displays the principle of Confidentiality with others giving protection to the government directly. The advise that would be given to Matt is that he makes some efforts in the due course to make the matter and make them understand that that is wrong and this practice should not be followed otherwise could lead to hard practice from Stephanie so that he cannot approach any one from the profession of trust nicely. The decision of Matt should be based on proper knowledge of section of the APES 110 so that such no such cases arise. References https://www.google.co.in/search?q=APES+110+and+sections+110-150oq=APES+110+and+sections+110-150aqs=chrome..69i57.956j0j7sourceid=chromees_sm=122ie=UTF-8