SOLE PROPRIETORSHIP: This is a type of business with one owner. The business may not even need to be registered with the state as long as they are “doing business” as themselves. It is a very easy to start up a sole proprietorship‚ and more often than not it does not require a great deal of money. Another advantage is that the profits go straight to the sole proprietor who doesn’t need to worry about sharing or dealing with another individual or entity on the day to day operations as well as
Premium Corporate tax Business law Sole proprietorship
sector for a long time. The service industry has recognized that the JIT system can be adapted successfully in their processes and add value to the basic inputs used to create the end product. The most important aspect of JIT is that it lays emphasis on the process and not on the end product. It therefore can be applied to any process within the service sector. The author has followed Benson’s (1986) guidelines for applying JIT in service‚ which are as follows: • synchronization and balance of
Premium Lean manufacturing Service system Customer service
Chain (JCT2) Task 1 Business Fundamentals Simulation Review A. Documents From Simulation Cumulative industry results for last four quarters ending in quarter: 4 Minimum Maximum Average Mr. Matts Machines Total Overall 0.00 749.39 11.82 1.75 Financial Performance -73.50 211.50 9.41 6.46 Market Performance 0.00 0.65 0.11 0.44 Marketing Effectiveness 0.00 0.82 0.24 0.67 Investment in Future 0.00 468.30 1.22 1.71 Wealth -2.12 5.21 0.47 0.93 Human Resource Management 0.00 0.82 0
Premium Balance sheet Revenue Income statement
Time/s The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Submit this document with any required evidence attached. See specifications below for details. Performance objective In this assessment task‚ you will demonstrate skills and knowledge required to assist in planning for recruitment and obtaining approval for your plans. Assessment description Across three assessment tasks you will support the recruitment
Premium Customer service Job description Recruitment
Dell – Supply Chain Management Case Study 1 Case Contents 1. Introduction......................................................................................................2 2. Dell – Company Overview ...............................................................................2 3. Dell Products and Services .............................................................................3 4. Dell – Key Facts ................................................................................
Premium Dell Personal computer Supply chain
Vol.4‚ No.2‚ 2014 www.iiste.org Risk management and profitability of manufacturing firms in Uganda Noah Mwelu1; Donatus M. Rulangaranga2*; Suzan Watundu3; Will Kaberuka4; Cathy K. Tindiwensi5 1. Department of Procurement and Logistics Management of Makerere University Business School‚ P. O. Box 1337‚ Uganda 2. Department of Management Science of Makerere University Business School‚ P. O. Box 1337‚ Kampala‚ Uganda. 3. Department of Management Science of Makerere University Business
Premium Risk management Management Risk
16 C H A P T E R JIT and Lean Operations D ISC USSI ON Q U ESTI O NS 1. JIT is a philosophy of continuous and forced problem solving. It is a continuous program that replaces a series of “fad” programs. 2. A lean producer is a company that adopts a philosophy of minimizing waste‚ striving for perfection through continuous learning‚ creativity‚ and teamwork. 3. The Toyota Production System (TPS) has three core components: continuous improvement‚ respect for people‚ and standard work
Premium Lean manufacturing Toyota Production System
Case Study – JIT Failure at Sony Ericsson Once one of the world’s leading cell-phone manufacturers‚ Ericsson knows only too well how painful a disruption in the supply chain can be. It is a story that has become something of a legend in supplychain circles. In March 2000‚ a lightning bolt struck a Philips Electronics semiconductor plant in Albuquerque‚ N.M.‚ triggering a small fire in a chip-processing machine that took the plant offline for months. Although the plant was Ericsson’s sole supplier
Premium Management Supply chain Supply chain management
AFT Task 1 AFT2 Accreditation Audit July 5‚ 2015 Western Governor’s University Table of Contents Compliance Status……...…………………………………………………………………..…….3 Plan for Compliance………………………..………………………………………………….....3 Justification…………………………………………………………………………..…………...4 Source………………………………………………………………………………………..……5 Compliance Status PC .01.01.07 Pain is assessed in all patients (The Joint Commission‚ 2013) Finding: In outpatient rehabilitation‚ the initial assessment of pain does not indicate
Premium Pain Hospital
Asian Restaurant Project December 1 2012 Project Risk management Plan for the Asian restaurant operation. Contents RM Methodology: Open an Asian restaurant. 1 Role and Responsibilities: 1 Budget: 2 Timing: 2 Risk Categories 2 Definitions of risk probability and impact. 3 Outcome : Risk management Plan. 5 RM Methodology: Open an Asian restaurant. Resource of data and information: - Approach: surveys‚ quantitative‚ questionnaire
Premium Risk management Project management