PCI, Case Study, Mia Case Study Essay Example

PCI, Case Study, Mia Case Study Paper INTRODUCTION The issue started on February 2008 when the new appointed Managing Director of PCI Sdn Bhd, En Ghani reviewed 2007 Financial Report and found out there were recent increases in costs of goods sold and inventories. The rate of increase in costs of goods sold had been disproportionate with growth of sales. En Ghani was informed that one of the reasons for the increase in cost was because of the current purchasing system that contributes to redundant purchasing and high inventory holding costs. Siti Aminah, the Chief of Financial Officer was asked to review the current purchasing system and suggested the need to implement a new computerized purchasing system that would help relieve some of its manual operations and at the same time would ensure it has the proper controls in place. En Ghani requested a formal report on current purchasing system and suggestion for a new system before the next management meeting which would be in two weeks time. En Ghani assigned Siti Aminah on the special task instead of the senior Chief Production Officer and she did not have any experience in system and technology. We will write a custom essay sample on PCI, Case Study, Mia Case Study specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on PCI, Case Study, Mia Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on PCI, Case Study, Mia Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The new system must be able to reduce costs, enhance control and provide easy management of users and services in qualitative and quantitative ways. CHARACTERS En Ghani : as the new appointed Managing Director of Penda Cable Industry Berhad, who reviewed past year Financial Report and asked for formal report from Siti Aminah. Siti Aminah : the Chief of Financial Officer that being asked to make formal report instead of the Senior Chief of Financial Officer. CURRENT PURCHASING SYSTEM IN PCI Purpose : to ensure the purchase of raw material (exclude external Aluminium cable scap) that was required for the manufacturing of cable, conductors and associated products. 1) Monthly Raw Material Summary Cik Lim General Manager of Material Resources and Planning En Razi Assistant Purchasing Manager (MRMS) Review 1st week of Forecasted Monthly Every month Material Requirement En Sam General Manager Purchasing (MMR)MRMS Planning Section En Razi 2) Cik Anne Purchasing Clerk RM100 000 En Ghani Filing En Min Raw Material Storekeeper RM 100 000 Cik Lim PURCHASE ORDER COCORDER CONFIRMATION CompetitiveNot En Sam En Razi Vendors Competitive Quotation Quotation 3) Suppliers Invoices Cik Lim Cik Anne Coded, Batched and Checked Invoices Delivery Store Received a) Verification Order Notes b) Account Payable Reference No. En Min c) Update Account Payable list in Assistant Finance Manager the computer. 4) Enclosed with the return receipt of cheque / TT for notification of payment DO,COC Vendors MaterialRAW MATERIAL STORE RMRR VCAR Financial Department (for payment) InvoicePURCHASING SECTIONShipping Document Shipping PCI BANK Document VOUCHER Voucher Approved Delivery Order RMS 2 Form Purchasing Clerk En Min Assistant Finance Manager Signed QUANTITATIVE DECISION | 2006| 2007| GROSS PROFIT MARGIN(Gross Profit/Revenue)| (12086851/176877312) = 0. 07| (48053370/298146915) =0. 16| OPERATING PROFIT MARGIN(Operating Profit/Revenue)| (6386819)/176877312 =(0. 03)| 35657392/298146915 =0. 12| INVENTORY TURNOVER(COGS/Inventories)| (164,790,461)/27434751=(6) | (250,093,545)/45,575,893=(5. 48)| AVERAGE COLLECTION PERIOD(Debtors/(Revenue/360))| 15,506,128/(176,877,312/360) =31. days| 8,453,275/(298,146,915/360) =10 days| Gross Profit Margin When the company shows the higher GPM, it indicates that the company is better in controlling their cost of sales. PCI gross profit margin in 2007 is higher than 2006. It means that the company can manage their cost of sales. For becoming years they need to make an agreement with their suppliers to prevent raw material price increase. Operating Profit Margin When the company shows higher operating profit margin ratio, it indicates that the company is profitable. Based on the calculation, PCI current year shows an improvement from the previous year. For becoming years, operating expenses in terms of administrative and selling expenses need to be avoided from getting increase to maintain the profit. Average Collection Period (Debtor) The shorter the period to collect payment from debtors, the more efficient the company is in handling their debtors. CONCLUSION As for conclusion, Siti Aminah can suggest only to maintain their old system instead of new purchasing system. This is because, the current situation did not incurred too much damage to the company, the company still can sustain even though they have to buy the raw materials in higher price. PCI is not the only company that have problem in purchasing their raw materials but all the purchasing departments across the industry experienced similar dilemma. Their main dilemma included establishing and maintaining profitable supplier relationships, confronting the problem of price increases and ensuring supply quantity. What they need actually do is to pressure suppliers to keep prices low when the cost of raw materials decreases. They can better do this by keeping their own tabs on the raw materials market.

Rajasaurus, the Deadly Indian Dinosaur

Rajasaurus, the Deadly Indian Dinosaur Also known as theropods, meat-eating dinosaurs- including raptors, tyrannosaurs, carnosaurs, and too many other -saurs to list here- had a wide distribution during the later Mesozoic Era, from about 100 to 65 million years ago. An otherwise unremarkable predator, except for its small head crest, Rajasaurus lived in what is now modern-day India, not a very fruitful location for fossil discoveries. It has taken over 20 years to reconstruct this dinosaur from its scattered remains, discovered in Gujarat in the early 1980s. (Dinosaur fossils are relatively rare in India, which helps explain why the regal word Raja, meaning prince, was bestowed on this carnivore. Oddly enough, the most common Indian fossils are ancestral whales dating from the Eocene epoch, millions of years after the dinosaurs went extinct!) Why did Rajasaurus possess a head crest, a rare feature in carnivores that weighed in the one-ton-and-over range? The most likely explanation is that this was a sexually selected characteristic, since colorfully crested Rajasaurus males (or females) were more attractive to the opposite sex during mating season- thus helping to propagate this trait through succeeding generations. Its also worth noting that Carnotaurus, a close contemporary of Rajasaurus from South America, is the only identified meat-eating dinosaur with horns; perhaps there was something in the evolutionary air back then that selected for this characteristic. It may also be the case that the crest of Rajasaurus flushed pink (or some other color) as a means of signaling other pack members. Now that weve established that Rajasaurus was a meat-eater, what, exactly, did this dinosaur eat? Given the paucity of Indian dinosaur fossils, we can only speculate, but a good candidate would be titanosaurs- the gigantic, four-legged, small-brained dinosaurs that had a global distribution during the later Mesozoic Era. Clearly, a dinosaur the size of Rajasaurus couldnt hope to take down a full-grown titanosaur all by itself, but its possible that this theropod hunted in packs, or that it picked off newly hatched, elderly, or injured individuals. Like other dinosaurs of its kind, Rajasaurus probably preyed opportunistically on smaller ornithopods and even on its fellow theropods; for all we know, it may even have been an occasional cannibal. Rajasaurus has been classified as a type of large theropod known as an abelisaur, and was thus closely related to the eponymous member of this genus, the South American Abelisaurus. It was also close kin to the  comically short-armed Carnotaurus mentioned above and the supposed cannibal dinosaur Majungasaurus from Madagascar. The family resemblance can be explained by the fact that India and South America (as well as Africa and Madagascar) were joined together in the giant continent Gondwana during the early Cretaceous period, when the last common ancestor of these dinosaurs lived. Name: Rajasaurus (Hindi/Greek for prince lizard); pronounced RAH-jah-SORE-us Habitat: Woodlands of India Historical Period: Late Cretaceous (70-65 million years ago) Size and Weight: About 30 feet long and one ton Diet: Meat Distinguishing Characteristics: Moderate size; bipedal posture; distinctive crest on head

Report on CEDPA Training Essay Example | Topics and Well Written Essays - 1250 words

Report on CEDPA Training - Essay Example She made us aware of our differences and in doing so helped us develop a greater appreciation for one another. By understanding our cultural diversities, we found that as female leaders we had many common bonds. Xiaoping was able to direct us into our personal learning style and demonstrated how our style could be flexible enough to work across culture lines and develop a team concept. We were challenged to see ourselves as women and understand our gender role. By understanding our selves as a unified team we could begin to mainstream our philosophies. At the heart of GWM's agenda is leadership. GWM stresses that leadership is not supervision and it is not management. The purpose of leadership is to establish a direction and create a vision that can be shared by others. By executing a visionary agenda, the leader inspires and motivates others into action. Instructor Sheila Ramsey instilled in us the idea that only a leader can effect change. In the changing face of the role of women, leadership is our most important quality whether it's in government, business, or the family. We were challenged to create a vision and an environment for that vision to take hold. The new directions envisioned by leadership cost money to adequately pursue. Management and senior staff will need to be creative in their approach to finance the needed projects. The fund raising presentation was given by Sue Richiedei who highlighted the need to have a well-directed fund raising strategy. A determination on the nature, purpose, and extent of the fund raising goals will lay the foundation for the fund raising plan. The course gave additional information on forming a proposal team, criteria for a good proposal, and managing the proposal process. In building an organization or program to aid women it is vital that the group has the ability to sustain itself over time. Xiaoping held a presentation on sustaining an institution through a careful analysis of finance and costs. She pointed to the need to understand where the money was coming from and place a value on its reliability. Will it be there in the future Is it independent of political pressure The importance of the expenditures is as important as the funding. Are the fixed costs really fixed Have we allowed for the fluctuation in variable costs By pinpointing the answers to these questions we can see the long-term outlook and measure the trend into the future. This understanding will give us a measure of sustainability. The care and work that goes into funding mandates that the money be spent with great control. Monitoring and constant evaluation of the project will give us the yardstick we need to measure the program's value. This requires setting baselines and endpoints. It calls for evaluation at pre-set intervals to validate data. The method of collecting and checking data is as important as the overall project. Instructor Jill Posner related the various ways in which an objective may be measured. The information may be totally objective numerical data, or a subjective and qualitative evaluation. These goals and endpoints will be used to form a project management framework. This will be the roadmap for the project's success. Throughout the process of fundraising to implementing a project, communication will be vital to keep the public informed as well as to maintain a