Various Aspects of Supply Introduction A supply chain organization is an important part of connecting the various stakeholders – people, activities, and resources – for efficient delivery of goods and services. Manufacturing, sales, and other sourcing activities are integrated into the process. We shall analyze some of the perspectives that have shaped the supply chain in recent decades. Discussion Adopting Lean and JIT Lean is a model of manufacturing that is highly associated with Toyota Motor Company (Pekuri et al., 2014). The model aims at the gradual development of the efficiency of a system by the elimination of wastes. Wastes are the human activities that use up resources yet lead to the actual value. Some perspectives contribute to waste. They include the excess and early production and delays caused in the process. In this case, delays refer to lost waiting time for raw materials whereas early and excess production leads to waste by capturing resources early on in the production period which assumes the risk of changing consumer tastes and preferences. One of the key principles of lean is the…
Butterfly Diversity in New York & Hong Kong I have chosen to compare and contrast the diversity of Lepidoptera (butterfly) in New York State and Hong Kong. I chose this taxonomy group as I’ve always found Lepidoptera to be quite beautiful but also biologically fascinating with how they developmental throughout their lives. I decided to compare Lepidoptera in New York State and Hong Kong as they are both regions that have large populated cities but also marsh/farmlands but are on opposite sides of the world. Below I have listed the 5 common species of Lepidoptera in New York State & Hong Kong: New York: Vanessa atalanta (Red Admiral’s) – Geographic Range: Red admiral’s are found in temperate regions of North Africa, North and Central America, Europe, Asia, and island regions of Hawaii, and the Caribbean. Habitats: Mostly semi-shade forest habitats, gardens, parks and only very rarely completely open terrain Characteristics: features a black forewing with white spots at the tip, and a bank of bright red-orange on the trailing edges.[unique_solution] Lycaena phlaeas (Cooper Butterflies) – Geographic Range:…
Causes of Unemployment among people with disabilities A person with a disability is someone who has a mental or physical impairment which has caused a long-term effect on her/his ability to carry out day-to-day activities. Despite passing of The American with Disabilities Act of 990, which guides on the legal rights of people with disabilities on employment, people with disability are still facing many challenges in getting a job. The hiring of people with a disability remains far lower when compared to people without limitation because of some reasons which can be solved regardless of cultural barriers. Employment of people with disability has been showing a negative trend despite the growth of economic conditions. The phenomenon behind this challenge is that employers’ biases and stereotype have made them be less willing to employ disabled people. Most people with disabilities are less accessed to education; special individual schools for those people are fewer compared to the number of disabled people. Less productivity of people with disability when compared with those without together with lack of the necessary abilities, skills and knowledge…
Climatic Change and Community Sustainability Climatic change is a significant drawback to community sustainability. The impacts of climatic change reduce an individual’s ability to conduct activities that enhance sustainability. Change in atmospheric temperature leads to various health problems that interfere with the quality of life. In many cases, resources are diverted to combat the negative results of climatic changes. The resources would have been used in other sectors, such as education and agriculture, to promoted sustainable developments. Further climatic change interferes with the resources meant for the future generation (Pandey, 2020). From the course readings, it was noted that various factors, such as greenhouse gases like carbon dioxide, land-use changes, soot, and aerosols, are the significant causes of climatic changes. Drastic changes in the global climate thwart the efforts of communities to attain self-sustainability (Burn, 1994). As it becomes one of the major worldwide challenges, this paper intends to provide critical analysis of how climatic change prevents sustainability. Climatic change destabilizes the earth’s temperature equilibrium and has adverse effects on the environment and human beings that thwarts efforts for sustainable…
Managerial economics Managerial economics mainly involves the management of scarce resources and reducing the expenses of the organization. The field teaches managers to plan and control the costs of the firm. After reflecting on Week 3, it is clear that the most important concepts are associated with pricing. It is also worthy to note that various types of demands exist in economics. The important ones are aggregate demand and price elasticity. Factors such as the substitute for a product, greater brand demand, and lesser industry demand and a long-time period increase the elasticity of demand. These concepts are important in managerial economics because business managers will make decisions based on the pricing strategies and demand of the consumers. They are profit-seekers, and the only way of ensuring long-term profit is to raise the price of a product. Nevertheless, it is necessary to consider the demand aspect of it. Otherwise, companies will fail to compete with industry rivals. In Week 3, the terms, concepts, and methods used in managerial economics have been highlighted, and the necessity of understanding the concepts related…
Sustainable Foods Appetizer Tomato basil soup – Tomatoes contain antioxidant vitamins A and C, which help cells in the body from dangerous free radicals. Tomatoes also have a low carbon footprint making them environmentally sustainable (Sorensen and Kristian 237). Main Course Garlic herb baked chicken with sweet potatoes and asparagus – Chicken has a lower carbon footprint compared to beef. Chicken produces 6.9 kg CO2 making it the least emitter of carbon dioxide compared to similar sources like turkey (Dunkley and Dunkley 22). Sweet potatoes have a minimal carbon footprint at approximately 0.095 kg co2 (Liu 386). They are also rich in antioxidants and have high fiber content that promotes gut health. Asparagus is a vegetable packed with nutrients and can easily be found at the local markets in Pullman, Washington. Dessert Skinny pineapple cheesecake bars – This is a low carb dessert. Also, pineapples are locally available and also loaded with nutrients and antioxidants (Liu 385). Alteration for Allergies The common food allergies that people report are dairy products, seafood, nuts, and lactose (Liu 386). If attendees indicate food…
Details about Case 2014-00010430 The case number 2014-0010430 involves a second-degree sexual assault reported on Friday, November 30, 2013, by an eighteen-year-old female victim. The incident occurred on the night of Thursday, November 21, 2013. On 21/11/2013, the victim reports having had cantaloupe muffins at 0830hours. She later ate chicken pasta between 1130 and 1200 hours. She attended her politics class lectures during that day. At around 1800 hours, the victim ate chicken with French fries and cucumber. She then took two shots of vodka before heading out to Louise Bar with fellow friends from her class. She then met a few friends at the club who came from her hometown. At around 2230hours, she went to the bartender and took the third shot of vodka with water. The victim claims to have distorted memories since drinking the third shot of vodka. She reported that the last thing she could remember was visiting the lavatories, where she and her friends took pictures. When she regained a sense of self, she was at the backside of the bar with a male…
THE ECONOMIC STATE OF UNITED STATES QUESTION ONE The US GDP (Gross Domestic Product) from the Year 2006. Gross Domestic Product (GDP) refers to the market value or the whole monetary value of the products manufactured in the interior borders of a country during a definite period. GDP offers the economic rate of a particular country, and hence can be used to derive the economic growth rate of the country. The following table indicates the GDP of the United States from the year 2006-2009. Year GDP Amount (In billion U.S. dollars) % Change in GDP 2005 13036.6 ————————————– 2006 13814.6 2.9% 2007 14451.9 1.9% 2008 14712.8 -0.1% 2009 14448.9 -2.5% 2010 14992.1 2.6% 2011 15542.6 1.6% 2012 16197 2.2% 2013 16784.9 1.8% 2014 17527.3 2.5% 2015 18224.8 2.9% 2016 18715 1.6% 2017 19519.4 2.4% 2018 20580.2 2.9% 2019 21429 2.3% Graphical Representation of the above date Unemployment Rate in the U.S. from 2006 to 2019 Unemployment occurs when people are willing to find work but can’t find a job, this in turn, leads to reduction in the…
A brief synopsis of the concepts of managerial finance Managerial finance is concerned with the effect of certain financial techniques on businesses. After reading the concepts presented in the textbook, the most important ones identified are the cost of capital and the weighted average cost of capital (WACC). The former one refers to the amalgamated cost of various sources such as preference shares, retained earnings, debt, and equity (Lambert, Leuz & Verrecchia, 2007). The cost of capital varies in accordance with the cost of the source. The usage of the type of source varies depending on the needs of the firm. It gives rise to the concept of WACC. Understanding both the concepts from the viewpoint of an organization and an investor is vital. One of the components of the cost of capital is the cost of debt. It signifies the rate of interest that an organization is supposed to pay while increasing the debt capital (Modigliani & Miller, 1958). An organization can reduce its tax liability because, in a real-life situation, total interest paid in order to raise…
A discussion on the crucial concepts of managerial finance Managerial finance is often described as a hybrid approach that combines the concepts of managerial accounting with those adopted from corporate finance. Sound knowledge of financial management helps in the creation of organizational value while promoting agility by efficiently allocating scarce resources between the competing opportunities for business. Thus it is essential to understand its key concepts, some of which are discussed below. Essential concepts discussed in the chapter Incremental cash flow The term refers to the flow of cash in an organization as a result of undertaking a new project. It enables the organizational leaders to compare multiple opportunities and decide on the most fruitful investment option in hand. Financing cost: The cost of finances is described as the costs in addition to the interest and various other charges that are associated with lending money for building or purchasing assets. Sunk cost: It refers to the costs incurred by the entity which cannot be recovered any longer. These costs must be considered during the investment decision-making process. Incremental cost: It…