Automation here refers to the different control systems used on operating equipment like machinery, in this case vehicles with reduced or minimal human intervention. From the video showing a narration of the newest of the International Ford Plants in Brazil, it is quite evident…
Download full paperFile format: .doc, available for editing
Download file to see previous pages
On the other hand, the power of virtual integration is the use of the internet or general technology to replace physical elements of a company with specific information. Ford Motor Company recorded 5.7 million motor sales worldwide last year, using a huge network of suppliers.
As part of its objectives to create a competitive supply chain, the firm makes use of Six Sigma procedures through collaborating with Penske Logistics to improve and streamline supply chain activities. Before Ford sided with Penske Corp, its assembly plants in South America each took care of its logistics, an initiative that led to unexpected costs in transport and supplying materials as suppliers used to pick up light loads, carrying them from plant to plant. In an effort to solve this, the company established various Order Dispatch Centers (ODC) to merge shipments to plants (Chopra & Sodhi, 2012). Within a short time, it was noted that the majority of trucks have increased the capacity to 95% when distributing shipments to and from the ODC as well as a reduced plant inventory by 15%.
New technology has been put in place to help in streamlining performance. Ford Motors has used Logistics Management System, order tracing software, and metric reporting system based on the internet to achieve this goal. This shows how technology can be used to enhance competitiveness as drivers in the company now carry an electronic log and PDA scanners to offer real-time updates and ensure that all carriers have satellite communications. Meanwhile, the supply chain is stabilized through scanners that are utilized in monitoring plants delivery (Austin, 1999).
A vital facet of the strategies used in the supply chain is Ford’s emphasis on accountability at every level of supply. In order to reduce expenses and boost services, the company strengthened the car manufacturer’s bidding procedure for carriers, initiating higher specifications on technology, driver certification, safety, time
...Download file to see next pagesRead More
Net income is the major contributor to the high cash flow from operating activities followed by depreciation and amortization. The cash flow means that the organization generated significant amount of cash for such expenditures as financing current operations, purchase of fixed assets, and purchase of equity and these applications identifies benefits to diversified stakeholders.
Similarly, the cost of sales that is the cost of the products sold amounts to $2,462,100,000 according to the income statement for the year ending December 31, 2010. Consequently, to compute the cost of the inventory purchased during that trading year, the following formula has been employed.
The conclusion from this review states that it is quite probable that DB Cooper got away with his crime since no body and very little money has been found. After all, if he was the one, Lynn D. Cooper never died until 1999, 28 years after the hijacking. Was his life peaceful? Maybe, but he probably looked over his shoulder constantly, afraid the FBI would figure out who he was and come knocking any moment.
array of transport and logistics services which are delivered through three business units namely Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics. The company was previously following a decentralized payroll system which created the room for miscalculations in
Those organizations that have several branches in other countries need to take into account the cultures of the leader in that branch while balancing it with the culture of the organization. For instance, the United Nations (UN) has its headquarters in
The political environment determines if business will take place or not. If the conditions are adverse, most business pull out of the market so do the employees (Baron, 2007). The economic changes also shape the human capital retention
This has made the workplace environment, especially in government and public institutions, to evaluate some of their options. This is when it comes to hiring, compensating, and even firing their employees. Compensation policies are meant to
The summarized cash flow statement for the years 2008, 2009 and 2010 is shown in the table below to help analyze the factors that have caused the change in the Cash and Cash equivalents for the company (RadioShack Annual Report, 2010, pp 43, 44). ( in $ million) 2010 2009 2008 Cash Flows from operating activities Net income 206 205 189 Depreciation and amortization 84 93 99 Other adjustments 54 36 51 Accounts receivables (40) (80) 15 Inventories (60) (35) 94 Other current assets (4) (3) (9) Accounts payables and other accrued (85) 29 (165) Net Cash from operating activities 155 245 274 Cash Flows from investing activities Additions to plant and machinery (80) (81) (86) O
Other sectors such as the retail industry, though significantly hit by the crisis and are major sources of employment, did not benefit from government aid and faced collapse. This paper explores the scope of such crises and the government role and position in resolving the crises.
3 Pages(750 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
with a personal 20% discount.