Inventory Management for EMC Research Paper Example | Topics and Well Written Essays - 1000 words - 1

Inventory Management for EMC - Research Paper Example Figure 1 indicates that most of the goods are work-in-progress. At the beginning of the year work-in-progress (WIP) represented approximately 39% of the goods in stock, finished goods 25, raw materials 21% and purchased parts 15%. At the end of the period they represent 36%, 28%, 19% and 17% respectively. According to Wong (2006) the first step in determining an inventory situation can be facilitated through the use of ABC analysis. This analysis determines the importance of items and the level of controls placed on them. Using the relative proportions of cost of goods sold for the company’s product line the relative proportions of the different inventory types are shown in Table 1 below. The actual raw material and purchased parts that are used to make the different products in each product line has not been identified but it shows that 37.48% are decorative hardware, 27.25% construction hardware, 25.85% Cabinet Hardware and 9.42% Fasteners. In order to improve the inventory situation at EMC the company should first apply ABC analysis. ABC analysis places emphasis on the value of inventory (Wong n.d.). Focusing on inventory with the highest value can allow companies to assign the necessary resources to achieve the optimum inventory levels and in so doing reduce inventory cost while ensuring that customers needs are met (Wong n.d.). ABC analysis when applied to EMC’s inventory situation will help the company determine the importance of items and the level of controls that should be placed on them. The majority of EMC’s inventory relates to items used in the production of decorative and construction hardware. These could be described as the A items because they are of higher value while those used in the production of cabinet hardware would be the B items, and fasteners - C items. The A items (a combination of decorative and construction hardware

Report on recruitment and selection processes Assignment - 3

Report on recruitment and selection processes - Assignment Example ort involves a comparison of the two versions of the selection and recruitment policies included in the 2000 policy guidelines and the 2010 policy guidelines of the company. The report is suitably concluded by providing recommendations regarding the changes which may be necessary for improving the overall process of the recruitment and selection policies of Healthcare United. It can be identified from the comparison that there are significant ways in which the 2010 policies can be improved. The main recommendations given are that the time related to all the procedures must be made more flexible, the involved personnel should be made task oriented, documentation process should be made short and simple and support and training should be more task related. Healthcare United operates in the domain of healthcare and is one of the leading healthcare providers in Australia. Healthcare United is an advanced organization in terms of strategic planning and human resource management. The company has always tries to employ the best possible human resources available in the domain of healthcare. The company is an equal opportunity and unbiased employer which has helped to maintain a sustainable and ethical image over the years of its operation. The company employs 1500 healthcare professionals who work in two sites of the company. One of the sites of Healthcare United is located in Victoria and the other is located in NSW. The company has recently drafted a new strategic plan that it aims to implement while opening up another office in a new location. The selected location is Hobart in Australia itself. In this situation, it is significant for the company to compare the effectiveness of the new guidelines with that of the old guidelines. With m ore than 1500 employees working in different sites of the company and with the company planning to open up a new office in another area, it has become of imminent importance to create well-defined and functional recruitment and selection