Economic Status

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BACKGROUND OF SURNECO, INC.

The Surigao del Norte Electric Cooperative, Inc. (SURNECO) was formally incorporated and registered with the National Electrification Administration (NEA) on September 24, 1977. After obtaining a Php13.5M with NEA, it took over the ownership, management and operation of the Surigao del Norte Electric Company in Surigao City which was owned by the Lumanlan after paying its assets, properties and franchise on June 26, 1978.

SURNECO’s coverage area includes Surigao City and 11 municipalities namely, Alegria, Bacuag, Claver, Gigaquit, Mainit , Malimono, Placer, San Francisco, Sison, Tagana-an and Tubod. Its first energization ceremony was conducted on September 9, 1980 at Imelda Village Kaskag Terminal in Surigao City. It also energized its 11 municipalities and Surigao City from September 1980 to December 1981. The 100 percent energization of all the 203 barangays of SURNECO’s coverage area was attained in 2004. As of June 30, 2007 it has connected 49,568 households or 91 percent of its potential house connections of 54,298 with a total registered membership of 52,242. Its circuit kilometers of lines totaled to 1497.013 kilometers as of December 2006.

At present, SURNECO is classified by NEA as an extra large cooperative with 147 employees serving 43,7446 consumers with a monthly sales of 5,893,832.7 kilowatts or equivalent to Php33,596,516,32 in June 2007. It is catergprized as a Class “B” cooperative in 2004 from Class “E” and Class “D” in 2000 and 2001, respectively. Its loan with NEA in the total amount of Php100,516,736.76 was recently condoned by the government.

For its 30 years of operation, SURNECO received the following awards: 1) Attaining 100% Barangay Energization in 2004 and being Current in Amortization Payment, both awarded by NEA on May 27, 2012 in Tagbilaran City; 2) For being consistent member of Good Standing of CRECA Association since April 30, 2003, awarded by CARAGA Rural Electric Cooperatives, Association (CRECA) on April 30, 2005 in Butuan City; 3) For consistent record of exceptional performance by garnering the highest parameters of operational effectivity awarded by NEA on August 4, 1998 in Quezon City; and 4) Top Performing Electric Cooperative Award (Category A), awarded by NEA on August 6, 1997 in Quezon City.

SURNECO continued to meet different challenges over the years. Its track record of endurance in the midst of adversity made it easier to hand on and glide to the economic crisis that our country is experiencing now. Being owners of this formidable electric cooperative, its member-consumers take the duty to protect and preserve its gains and to continue to support its significant programs. May God bless this cooperative in all its endeavors and corporate journey towards the challenge for stability.

THEORY OR CONCEPT

Material requirements planning (MRP) is a production planning and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, while it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives: • Ensure materials are available for production and products are available for delivery to customers. • Maintain the lowest possible material and product levels in store • Plan manufacturing activities, delivery schedules and purchasing activities.

Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and services, customer relationship management, etc. ERP systems automate this activity with an integrated software application. The purpose of ERP is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders. ERP systems can run on a variety of computer...
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