Bimba Executive Summary

As the day-shift supervisor at the ISG Steelton steel plant, you summon the six college students who are working for you this summer, doing whatever you need done (sweeping up, sandblasting the inside of boilers that are down for maintenance, running errands, and so forth). You walk them across the plant to a field where the company stores scrap metal. The area, about the size of a football field, is stacked with organized piles of metal. You explain that everything they see has just been sold. Metal prices, which have been depressed, have finally risen enough that the company can earn a small profit by selling its scrap.

Although the company did show an increased gross profit of $8,255,000 with $6,358,000 less Net Sales in 2013 versus 2012, that increase is due to the reduction in product Cost of Goods Sold by $14,613,000. Since increases in product price will negatively affect sales, one of management’s primary goals is to keep prices stable. This objective is achieved through implementation of cost cutting programs, investing in more efficient equipment, and automation of more steps in the production process.

Moving forward to our next big trend, which lasted from February 15th until March 27th, showed an overall decrease in prices for this market. This downward trend, is credited mostly to the Trump and Mexico trade talks that I previously discussed. However, much more about these talks began to surface during this time. While reading many articles about this issue, most of them tend to

The company believes that new initiatives are necessary to bolster unit volume and especially reorders. I believe Advanced Materials lacks coherent strategy for Nundies to effectively appraise the financial worth of product service offerings. The managers must reduce the spending on order getting costs because they cannot increase their output to the capped limit of 100,000 liners. Other issues are whether or not the distribution approach currently used by the company will help reach profitability, and whether or not the company effectively reaches the target market.

After a few months of detailed scrutiny of the numbers, we were able to make pricing decisions more quickly by using the breakeven change in volume to set the new price. Based on our broad

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The main highlight of the Union Budget 2012-13 for the steel industry was the proposal to reduce basic customs duty on plant and machinery imported for setting up or substantial expansion of iron ore pellet plants or iron-ore beneficiation plants from 7.5 per cent to 2.5 per cent. The other proposals relating to the steel sector are as under:

Fifty-three miles off the coast of Miami lies Bimini and the Bimini Big Game Club. With a population of just over 2,000, it's a paradise just waiting to be experienced. It's known as Ernest Hemingway's favorite escape and some even go as far as calling it the remnant of the lost city of Atlantis.

Bil Baird collection is considered a spectacular attraction at the MacNider Art Museum in Mason City. In 1975 Baird and his wife Susanna were in Mason City attending Rotary Club as guests. At the end of the meeting Dick Leet decided to introduce himself and invite the couple to the MacNider Museum. After Baird and Susanna had completed a long tour that day the question was asked if Baird might be interested in having an exhibit with his puppets at the museum. The Art of the Puppet: Bil Baird was opened to the public August 15- September 12 in 1976. Baird arrived a week earlier to the exhibit and conducted puppetry workshops at the museums Summer Arts Festival. At the end of the second expansion in 1979 Baird and a few of his company members

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Net purchases decreased 21.7% to $128k or 24.3% of sales in January 2016 compared with $163k and 28% of sales in January 2015. Preferred pricing on 6042 aluminum, product mix, and lower volume were contributing factors to the favorable variance. January 2016 showed a slight improvement in aluminum scrap pricing up 4.3% from December 2014, however, pricing is still 31.4% lower than January 2015. Brass scrap pricing continues to decline from 2015 levels. January turnings included $6k in brass revenue.

Attached is the savings calculation for 2016 based on the 2014 categories. As you can see, Woodhaven has seen a significant reduction in volume. The decrease in sales in the Aaron’s store, coupled with the closure of underperforming stores had a significant impact on our volume. Woodhaven was able to offset some of that reduction by expanding our exposure in the market place with new customers. We have been the recipients of very soft raw material prices over the last couple of year, but the indications are that the market is turning. Recently, we have seen upward trending pricing on several key raw materials.

In addition, raw materials and various component part costs are subject to price volatility and fluctuations in availability. We source most materials through multiple suppliers, while we secure our primary material, 6042 aluminum through a short-term contract with Central Steel and Wire. Compared with the prior year, February 2018 aluminum prices trended 24.1% higher, while brass pricing rose 25%. As a result, February 2018 net purchases increased to $149k or 23.2% of sales compared with $109k or 19.8% of sales in the same period last year. As with other commodities, supply and demand and various economic factors influence scrap metal prices. In February 2018, aluminum scrap metal prices ended 8.6% above February 2017 prices and 5% lower than the prior month. Despite a 15.7% drop in total scrap volume, February 2018 scrap revenue increased 38.2% from February 2017

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