Supply Chain Management Task 1
A.
Fourth quarter cumulative balanced scorecard:
Cumulative industry results for last four quarters ending in quarter: 4| |Minimum|Maximum|Average|Mobile Office Computers|
Total Overall|0.00|444.77|7.74|0.50|
Financial Performance|-53.84|186.46|7.41|5.62|
Market Performance|0.00|0.67|0.09|0.26|
Marketing Effectiveness|0.00|0.82|0.17|0.67|
Investment in Future|0.00|267.79|0.70|1.14|
Wealth|-0.90|4.57|0.35|1.02|
Human Resource Management|0.00|0.81|0.17|0.68|
Asset Management|0.00|2.13|0.27|0.87|
Manufacturing Productivity|0.00|1.00|0.18|0.73|
Financial Risk|0.00|1.00|0.23|1.00|
Income statements for the four quarters:
Income Statement| |Quarter
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For example, in the first through third quarters, I was paying my employees $45,000 per year, with only expanded health coverage. After the third quarter, I realized my competitors were offering more, and that they would be recruiting the best salespeople if I didn’t change my offering. I checked my budget, and saw that I could pay my employees more and offer better health coverage, which would help me to recruit and retain the best employees with the most potential to increase sales. That in turn lead to better sales the fourth quarter.
A pro forma statement is “a financial statement prepared on the basis of some assumed events and transactions that have not yet occurred.”(Rollins, 2011) Pro forma statements are historical statements that provide statements; the most common are the income statement, balance sheet, and the statement of changes in financial position. They give management the opportunity to show the progress a company has made from each financial planning cycle to the next financial planning cycle. They also help to forecast what the company will need in upcoming cycles. In the Marketplace simulation, I used my income statement (an example of a pro forma statement) to analyze my company’s inventory, and how much it was costing when I created too much inventory. For example, in quarter 2, it was costing me $61,969 for inventory holding costs, and in
Reorders are placed at the time of review (T), and the safety stock that must be reordered is:
Supplies are the vital factor to having successful operation and to be efficient with the business you are providing. In order to bring value to the organization, you must insure that customers are satisfied with the quality health care provide in each transports, so that they can continue use transport with future transports.
When implementing project 1, you face technical and market risk. How would you assess the risks embedded in Project 1?
1. As I began my journey as a new business owner of a computer company I needed to define my company 's goals, decide which direction I wanted to take the company to and create a mission statement that will best represent my company. Since the company was new I needed to come up with something catchy and promising that would invite potential clients to find out more about the products we offer. Since there were more participants in this game and from my professional experience I learned that staying on the same path and making advancements is more beneficial than trying to change directions every time. In this case I remained focused on the same two groups for the remaining 3
The second metric that is beneficial to Riordan is the Efficiency Metric. This metric “is a ratio of the actual output of a process relative to some standard” (Jacobs & Chase, 2011 pg. 117). This metric is beneficial in determining if
The pro forma statements provide an essential standard for operating a company throughout the year. These statements can determine whether expenses are expected to run higher in the first quarter than in the second. They can also decide whether sales can be expected to run above average in certain months. Furthermore, they can determine when a business should increase their marketing campaigns to boost sales in slower months. These statements provide a business with invaluable information to make important business decisions (Business Town, n.d.).
2. Pro forma financial statements, by definition, are predictions of a company’s financial statements at a future point in time. So why is it important to analyze the historical performance of the company before constructing pro forma financial statements?
What do pro forma financial statements show? Pro forma financial statements are basically the projected results for the financial statements in future, using the given assumptions of what is likely to happen in the current time. A pro forma financial statement shows the consequences of financial choices in the context of financial statements •
In this week chapter, we were introduced to another financial tool which is the Pro forma financial statement that provide a look the potential result of financial decision. Per AccountTools (2011, August 5) What Are Pro forma financial statement? Retrieved from http://www.accountingtools.com/question-and-answers/what-are-pro-forma-financial-statements.html a pro forma financial statements are the complete set of financial reports issued by an entity, incorporating assumption or hypothetical condition about events that may have occurred in the past or which may occur in the future. Pro forma financial
6. A pro forma income statement analysis that includes a forecast of revenue for the coming year, major cost and expense categories, earnings, earnings per share, and dividends. Rely on your own forecast. Do not base your analysis on a sales or earnings forecast from a secondary source such as Value Line.
An effective supply chain is the key to creating business value, and with expansion on the horizon. Good planning and willingness to adapt to changes are key to maximizing our results. In order to do this we have come up with a plan that will make Lady Americana mattresses a household name in our target expansion markets. In the state of Oklahoma, Lady Americana has already become a brand that has a bed in almost every home. The current systems in place are effective for todays operations, below are some challenges and recommendations to improve upon this to create an effective supply chain, that will grow with you as your business does.
The determination of these values requires you to add columns to the Inventory Analysis worksheet. Mr. Milligan asks you to use the worksheet provided. As Mr. Milligan will use the Inventory Analysis worksheet during a presentation, he wants the worksheet to have a professional appearance. To enhance the worksheet’s appearance, you include an appropriate header and format to the worksheet, column, and row labels. The header should display the name of the business, the name of the worksheet, and the current date. As you construct the worksheet, you use the currency format for all columns containing dollar values. Also, for any column that contains a percentage, you
Finances are one of the most crucial parts of any business. Every business has to be aware of what type of resources, especially financial resources, it has available to work with. The financial aspect of a business determines almost every other aspect of that business. Being able to utilize budgets, in order to reduce costs and make profit, is imperative.
6. A pro forma income statement analysis that includes a forecast of revenue for the coming year, major cost and expense categories, earnings, earnings per share, and dividends. Rely on your own forecast. Do not base your analysis on a sales or earnings forecast from a secondary source such as Value Line.
The processes involved in the supply chain are very critical to the business organization. It is therefore very central and critical for the organization to make sure that it is operating or running a supply chain process that is very practical, efficient and sustainable as well as those that are simple to implement in terms of the operational costs. Sustainability means that the company is operating on renewable resources, no environmental pollution, generates products that meet the needs of the customer among others. As such the company or the business entity is in a position to operate in a way that is beneficial to itself, to the environment and to the society within which it operates (Cooper 14). There are three major