evaluation of the Total Supply Chain Cost (TSCC) program developed by Owens & Minor and Virginia Mason? * Virginia Mason Medical Center (VM) hired Owens & Minor (O&M) as its alpha vendor for medical/surgical supplies in 2004. At that time O&M was performing JIT and low unit measure services for VM. Together VM and O&M worked together to create a new supply chain process called the Total Supply Chain Cost (TSCC) pricing program. * TSCC was is an activity-based model that assigned
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Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
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The Bonus Army In 1924‚ a grateful Congress voted to give a bonus to World War I veterans‚ $1.25 for each day served overseas‚ and $1.00 for each day served in the States. (Bartlett) However the payment would not be made until 1945. Unfortunately‚ by 1932 the nation had become engulfed into the Depression and the unemployed veterans obviously wanted their money immediately so that they could support their families. Nearly one-third of working Americans were unemployed and desperate for relief
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1. Middleton Clinic had total assets of 500‚000 and an equity balance of 350‚000 at the end of 2010. One year late‚ at the end of 2011‚ the clinic had 576‚000$ in assets and 380‚000 $ in equity. What was the clinic’s dollar growth in assets during 2011‚ and how was this growth financed? Clinic’s dollar growth from 2010 to 2011 = 576‚000-500‚000= 76‚000 $ It was financed in increasing of Equity by 30‚000 $ and the rest in the assets which is 76‚000-30‚000= 46‚000 $ Chapter 5 1. Consider
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Agri-environment contract adoption under fixed and variable compliance costs. This report looks at the agri-environment contract adpted by farmers’ to be able to contribute and partake in the enrivonmental schemes through pressure groups and government. It provides disctinct description to the differences in fixed and variable costs. The purpose of explaining the differences were to illustrate how farmers partaking to the project would be different than how much land will be needed to chip in the
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Structure Setting and Adjustment | Definition | A pay structure is a collection of pay rates or pay ranges.Structure setting and adjustment is the process of developing‚ adjusting‚ and maintaining a pay structure. | Purpose | Pay structures are used to help organizations: * maintain pay levels that are competitive with the external labor market‚ * maintain internal pay relationships among jobs‚ * recognize and reward differences in level of responsibility‚ skill‚ and performance‚ and
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around the metro but has only one main warehouse where all the goods are stored prior to delivery. The current inventory policy of the company had been practiced for the past 15 years. It mandates the monthly reorder of stocks by the main warehouse‚ and charging the branches with the delivery cost and a 3% financing charge per month on their inventory costs. The latter policy serves as the warehouse’s control system to the branches such that they maintain “just right” inventory. However‚ the company
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WACC: Weighted average cost of capital =WACC= SS+B×Rs+BS+B×RB×1-tC note: Rs ‚ cost of equity; RB ‚ cost of debt; tC ‚ corporate tax rate. For cost of equity‚ Rs‚ we calculate it by using the SML‚ according to CAPM model. Rs=RF+β×[RM-RF] As we can see in the chart behind the case‚ beta of Worldwide Paper Company is 1.10; the Market risk premium (RM-RF) is 6.0%. Because this on-site longwood woodyard project has six year life and the investment spend over two years‚ the total long of this program
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Delivering successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view
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"Where Are You Going‚ Where Have You Been?" By Joyce Carol Oates A short story titled "Where Are You Going‚ Where Have You Been?" tells a tale of an adolescent girl who suffers consequences of growing up in the unsupportive environment and the society preoccupied by the media. It is considered to be the most famous work of Joyce Carol Oates‚ an American writer‚ the winner of many significant literary awards and a two- time candidate for the Nobel Prize in Literature. The story was first
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