Businesses Processes Are the Most Important at Summit Electric Supply Essay

1. Which businesses processes are the most important at Summit Electric Supply? Why? There are several business processes that were used by the Summit Electric Supply company. Among them the important ones are: 1) ERP software from SAP-> Scalability and investors visibility was the two factors most important to the company and both these factors were very well tackled by the ERP software.SAP functionality in sales and distribution, materials management and financials greatly benefited the company to boost its distribution capacity. 2) SAP’s NetWeaver BW – For Business Intelligence reporting and analysis this process was used. This helped the company to evaluate the profitability of its sales channels,using what-if solutions. 3) The â€Å"Batch management† process- Wires and cable are Summit most important product category. It buys these products in reels of length 5000 feet and then cuts them into various lengths and sells to the customers which make it difficult to maintain the inventory of this product. The batch management process removed the problem of maintaining the inventory of such products. 2. What problems did Summit have with its old systems? What was the business impact of those problems? There were a few problems that Summit went through with when they were using the old legacy systems. Some of the few problems they came across were— The old system caused them to have delay with their supplies. Also the system was complicated as it would separate different categories of products which eventually was difficult to combine when needed. The business impact from the problems was that the system was not able to keep up with the fast growing business. It limited the business as it was only able to handle a few range of numbers and location at a time. 3. How did Summit’s ERP system improve operational efficiency and decisions making? Give several examples. Summit’s ERP system improved operational efficiency and decisions making by advancing operations. It made the processing faster and distributed the supplies on time. With the old system the Summit had to do a huge amount of manual work. The employees would have to go into details with the customers just to find specific manufactures to identify a product. Once they have done that they would have to put it into Microsoft excel spreadsheet. The whole old system was too much time consuming. For example collecting and reviewing all the invoices manually would take up to a month and the company would have stacks of papers of the copies of the invoices to give to their vendors. Now the new ERP system has improved it. They are now able to produce more data quickly and they are able to view them more often. The ERP system has helped provide tools to help the company evaluate the sales channel with what-if scenarios. For example, now that the company uses this tool, they are now able to evaluate profitability by the branch, sale person, customers, and manufacture. Now the exposure to the internal working of the system, on how its operations are performed have been greatly enhanced which in turn makes the company and the management to make important decisions. 4. Describe two ways in which Summit’s customers benefit from the new ERP system. One way that the Summit’s customers are benefitting from the new ERP system is that they can rely on the company for their needs and products. The company is now more efficient with the new ERP system. The company wants the customers to feel that they can provide what all they have produced —all the products which the customers want are being dispatched to them in a short time period. Also customers can track their order status and from which manufacture it came from. Large customers that have long-term job sites are benefitting from the new system as well. The company built temporary warehouses on-site to supply the customers with its electrical products. They create what they call parent-child warehouse relationship to be able to work with the customers. That means that if a Summit’s office has more than a few temporary on-site warehouses than the warehouse can be controlled like subparts of the main Summits warehouse. With this system, it helps to prevent anybody from selling the consigned inventory into the warehouse. 5. Diagram Summit’s old and new process for handling chargebacks. The old process for handling chargebacks had so many flaws in it due to which the company was losing on revenue opportunities and sometime barely making any profit. Processing chargeback in the old system was very much manual. You have to compare the sales to contract. This means that a distributor can have up to hundreds maybe thousands of contracts. They have to identify the chargeback and which manufacturer with enough documentation of the contract. They would have to go through the customers invoices for detailed manufacturers to identify which chargeback they could have claimed. Then after identifying they would have to put the chargeback details in Microsoft Excel spreadsheet. The new process for handling chargebacks was more efficient. It automatically review Summit’s billing activity for the day and the compares it to all chargebacks agreements loaded in the SAP system by the end of every day. Whenever there was a match in the system they were able to claim. The system is after identifying the claimable chargebacks were able to create a separate chargeback document outside the consumer invoice. The system is able to process chargeback more quickly and is able to review it within the same day. Since it is fully automated, the company increased its claim by 118 percent over the old system.

Finance law Essay Example | Topics and Well Written Essays - 500 words

Finance law - Essay Example zation of banking and the system of accounts but is not applicable to the relationships between the banking institutions and recipient’s, not loans or between clients settling accounts. The law covers the following subsections, legal regulation of an organization’s income and expenditures. It deals with the budget laws, foreign exchange legislation and the legal grounds of credit in institutions, companies or State. There are several instances in the case study where financial law applies. First, the Northpic bank limited is in the record for providing financing facilities to the Q companies for a number of years in the form of loans. Loan agreements, debentures and letters of credit signed between the two organizations involves documentation, which is a part of financial law (Bamford 2011, P.4). A financial lawyer offers advice to the two companies on local law issues, and from other professional stakeholders. Financial law manifests through the legal grounds of credit set by the signing of the corporate treasury agreement document between Tco and the Q group of companies. A financial lawyer witnesses the signing of the agreement. He or she ensures the execution of the terms in the agreement throughout the contract span of duration. Financial law articulates for honoring and keeping of the agreements through a legal perspective (Ryder, Griffiths, & Singh 2012, p. 344). It is a type of fiscal security to the parties involved. Another instance where finance law is evident from the case study is the Risk transfer process where Northpic transfers risks to the Southpoc. A financial lawyer oversees the signing of the Risk transfer document and files a copy binding the two institutions together. Southpoc deciding that it wants some security and requires Tco to pledge a deposit maintained by Eastpac, another bank requires application of financial laws. Security law is a subsection of the financial law and ensures that the organizations involved in a given financial

Decadal Sand Bar Behavior Essay Example | Topics and Well Written Essays - 1000 words

Decadal Sand Bar Behavior - Essay Example Tough availability of the material is of equal importance in forming a sand bar; the size of the material of the Sand Bar depends on the size of the waves or the strength of the material. As a bar is merely a disposition of material by the water, in case of vessel grounding on these bars is worse off than grounding on stationary rocks. This is because of the more destruction caused by the shifting action of these materials. These bars can spread over a considerable range in size and length, from just a couple of meters in a small stream to large depositions stretching over hundreds of kilometres along a coastline, commonly known as barrier islands. Long shore currents or even fluvial currents in the shallow water coastal environments are responsible for the construction of submerged bars. These bars are strongly determined by the amount of unused sediment available along a shore. These sediments along the shore are called its "sand budget" and determine the number of bars that form along the coastline. The types of submerged bars and the orientations and shapes are controlled by the way the sediments are transported through the shore zone. Along the shoreline which is mostly dominated by waves, the shore current carry and deposit the sediments along the shore face in parallel bars to the shore. ... The phenomena of wave refraction and zone interaction are also responsible for creating shore currents that helps the disposition and transportation of sand particles in deep water. Tides also are a major medium of transportation of the sediments; submerged tidal bars which are perpendicular to the coastline are also formed due to these bidirectional tidal currents. There are tidal deltas which are kinds of submerged bars formed on either side of the island inlet due to the tides which transport sand into and out of coast through barrier island inlets. These submerged bars are also formed in places where the rivers enter the ocean. When fresh water from a curbed channel discharges into the ocean having salt water, the current becomes slow and deposit its sediment at the mouth of the river called the channel mouth bar. Many of these different kinds of submerged bars namely long shore bars, channel mouth bars and the tidal bars coexist in a same environment. This is due to the wave action and tidal currents which influence the shore to a great extent. Shore parallel and perpendicular processes create bars with intermediate curved or diagonally oriented structures. These submerged bars characteristically obstruct natural and man-made outlets into the ocean, and are hazards well know to the navigation. Offshore features of a beach include bars that that are formed at or off the shore of a sea or a river. There are times when large waves attack the beach shore-zone and some of the beach's sand is redistributed off the shore resulting in a sandbar or long shore bar. Due to these bars forms the waves start breaking and because these breaking waves set up currents towards the shore with a currents countering along the

Three advantages of having globalization in Islamic Societies Term Paper

Three advantages of having globalization in Islamic Societies - Term Paper Example Globalization's flourishing of education has numerous advantages to Islamic Societies. First is the benefit of education that will not only make Muslims educated but will also enable them to fulfill their duties of attaining education (IslamiCentre 1). Through globalization, education will also become accessible to everybody and this will include the poor who would hugely benefit from a universal education because it would become affordable (if not free) and accessible to them (YaleInsights 1). Education will suddenly be transformed from being only available to the few and the elite to the general masses of Muslim. Globalization will also become education cheaper and thereby, affordable for almost every Muslim. The Muslims who never saw a classroom or a teacher can now be reached through globalization's global village that the day will come that every Muslim will become educated making Islamic society the center of learning again. Globalization’s advantage will also help propa gate the proper teachings of Islam. Its scholars would be able to reach more Muslims and this would result to more educated Muslims understanding the Quran and in the process helping them to become better Muslims and better persons. The proper teaching of Islam will also prevent its misuse where evil deeds are committed its name. Through the proper teaching of Islam, the extremists can no longer justify their acts because Muslims will find it unacceptable having understood the Quran well for they are properly educated. In the same manner, the West can no longer blame Islam for its terror because it will understand that Islam is never a religion of conflict and ignorance but a rather religion of peace and learning. A globalized environment will also increase the cooperation and collaboration between Islamic nations and it can lead to economic success in different Islamic countries. This can be done through increased trade, mutual protection and greater cooperation. Thus, poverty in t he Muslim world will cease and Islam can no longer be blamed for poverty. This will strengthen Islamic societies because when they are no longer poor, they will have more time and energy for study and self-development. In the process it will make Muslims closer to one another and in so doing, strengthens the bond between them making them brothers and sisters in Islam. This bond brought by globalization can address the common issue of Islam's fragmentation that Shininy stated in his study that there is lack of unity between various Arab nations. With globalization, there will be more opportunities for Muslims around the world to interact thereby making Muslims united again. In addition, globalization will make the mobility of people faster and this will help Muslims visit each other to foster unity. This unity can also counter the influence of the Western world and preserve the culture and tradition of Islam which had been assailed since (Shibiny X). In addition to the preservation o f Islamic culture and tradition from the influence of the West, globalization's trade can also lead to the strengthening of the ties of different nations in the Islamic world

Porter's Five Forces Model to the American automotive industry Research Paper

Porter's Five Forces Model to the American automotive industry - Research Paper Example Introduction In the automotive industry or any similar business field, an essential step is to identify the critical paths and limiting factors involved in profitability. Where does the power reside in a business situation? Based on the forces of supply and demand which party can command the most advantageous bargaining position? A number of business tools and theoretical models address these and other questions; the Five Forces model is among them. When the manager has a clearer understanding of the strengths and weaknesses of all parties involved in a potential transaction, it permits him or her to leverage the situation to maximum advantage, and prepare for the most likely responses from the other party (Samuelson & Marks, 2012) Overall, it is beneficial to acquire data allowing the manager to take a longer view of holistic market forces in order to define costs and risks in terms of doing business. In any competitive environment, an inevitable hierarchy will develop, likely throu gh a combination of simple random forces as well as actual merit. These forces are influenced by social and legal factors in a civilized environment, but within the competitive framework certain fundamental rules will remain universal. This analysis will focus upon Porter's Five Forces model as an explanatory tool to put these factors in perspective relative to the automotive industry. By 2009, the global recession crisis sent ripples through the banking sector, credit markets and then most productive industries across the industrialized world. The American automotive industry was no exception. Chrysler and General Motors were on the financial precipice, and Ford faced an uncertain future. 2008 automotive sales had plummeted to historic lows, with sharp declines in the disposable income and available lines of credit for the purchase of new vehicles. A loan process was deemed necessary in order to rescue these and other industries from total collapse, at the likelihood of further dam age to the American – and potentially the global economy. Industry Definition For the purposes of this analysis, the automobile industry will be defined as the American corporations involved in the direct manufacture of automobiles, and the challenges they have faced in light of the current financial crisis. The scope of this analysis will include the interests of car production as well as sale, and the companies in the United States that perform both functions. Specifically, this will focus on what are termed 'The Detroit Three', generally understood as Ford, Chrysler, and General Motors. Industry Profile With the immediate danger of total collapse averted as a result of the federal loans, it is necessary to take stock of the situation using sound theoretical planning in order to plot the next move forward for the automotive industry. Theoretical models to identify forces and threats must be given careful consideration during the planning process. The planning process must i nclude the prospects and profile of the 'big three' automakers as described above, specifically the damage to the economy that might ensue if they were allowed to go bankrupt and fail entirely. Structured bankruptcy agreements for General Motors and Chrysler were considered during the spring of 2009, with considerable national debate regarding the possible ripple effects from their collapse (McAlinden et al., 2009) Ultimately there were two approaches by which

Edgar Allen Poe Research Paper Example | Topics and Well Written Essays - 1000 words

Edgar Allen Poe - Research Paper Example Edgar Allan Poe was born in Boston, Massachusetts on January 19, 1809 (Kennedy, 2001, 19). Personal misfortunes were, sadly, a persistent episode during his lifetime. He never met his father who abandoned his mother. His mother died from tuberculosis. After his parents’ death Edgar was adopted by Frances and John Allan, a rich trader in Richmond, Virginia (Kennedy, 2001). From the very beginning of Poe’s authorial vocation, he adored creating verses for the most important persons in his life. Soon after, when he reached maturity and understood life’s unpleasant realities, his narratives became more disquieting and darker, possibly because of his overindulgence in alcohol and drugs (Magistrale, 2001). His horror tales are still regarded as one of the most chilling and frightening tales ever written, and, due to this, several literary scholars contemplated on the possible sources of these dark themes. Numerous literature activists and historians have assumed that h is problematic love life was the root whereas others have pointed to his drug and alcohol addiction (Magistrale, 2001). ... Poe implanted this in his famed masterpiece Alone (Hoffman, 1998, 38): â€Å"From childhood’s hour, I have not been as others were; I have not seen as others saw; I could not bring my passions from a common spring.† As mentioned above, several of the most significant persons in his life were a vast source of influence because of their deaths. His reaction to death consistently included more heightened addiction to alcohol and drugs (Kennedy, 2001); hence, it is difficult to make a decisive difference between the influences of Poe’s individual loved ones. Nevertheless, since the deaths happened prior to the drugs and alcohol addiction, it was only death which occupied the utmost position in his life, bringing about series of self-destruction that sooner or later put an end on his own existence (Kennedy, 2001). In spite of his personal misfortunes, nevertheless, he stays as one of the most treasured and broadly celebrated of all American authors. His disturbing and frightening tales and poems will survive through ages and be read by innumerable people from various societies and different eras, a reality which would have certainly given some spring of calm for this agonized, gifted, and disturbed individual. Almost every well-known author that came after Poe, embodying practically all national literatures, was familiar with him, and writers who were not personally influenced by his idea were compelled somehow to recognize it, if simply in a feat of denial (Kennedy, 2001). The reputation and significance of Poe as an author were at first freed from the nasty rumors of Rufus Griswold, his literary architect, by the determined attempts of Charles Baudelaire, a French writer (Magistrale, 2001). The influence of Poe on 19th century French literature

Bodega Dreams by Quinonez, Ernesto Research Paper

Bodega Dreams by Quinonez, Ernesto - Research Paper Example In order to understand light, we compare it to darkness; in order to understand man, we come compare it to woman; and in order to understand reason, we compare it nature. However, these binaries are not equal, in that one side of the binary is posited as good, rational, civilized, and empowered, and the other side of the binary is posited as bad, irrational, uncivilized, and subordinate. This process of dividing everything into categories of good and bad is important when attempting to understand the dynamics of power in social relationships, especially ones that are characterized by race, class, and gender. The codification of binaries has acted as a catalyst for the process of othering, which explains how certain groups remain in possession of power while other groups are continuous enslaved by social, political, and educational institutions that benefit from their oppression. Lena Dominelli defines othering as following: Thus, racism is about relations of dominance and subordination which are rooted in the ‘othering’of others as a social process of exclusion in which particular personal attributes are identified as the basis for a racialised ‘othering’ to occur. These characteristics are aspects of an individual’s or group’s identity which are castigated as ‘inferior’ by a dominant group which has the power to enforce its definitions of reality on others. They may be based on biological features such as skin color and hair type, cultural practices, linguistic abilities, or religious observances which are adversely valued socially and weighted against the interests of the subordinated group. (39). This assumption of the superiority of one race to dominate, manipulate, and abuse other groups who are perceived as inferior has colored much of American history (Lorde, 115). However, regardless of how hard the other tries