Question

In: Economics

Prithvi Ltd. has many sections and departments. It is organised into these functional areas: • research...

Prithvi Ltd. has many sections and departments. It is organised into these functional areas: • research and development (R&D) • global supply (including supply chain management, manufacturing and logistics) • sales and marketing • global support functions (providing, for example, legal, financial and HR services). These functional areas effectively run independently. However, company follows a structure in which all areas can contribute to the vast range of projects that are running at any one time. Prithvi Ltd. uses the skills and competencies of its people to bridge its functional areas. Currently, there are 4 ongoing projects viz. Trinity, Accolade, Earthen and ScribTech. Trinity project requires one research scientist, one logistics engineer, one legal advisor and a financial analyst. Accolade project requires 2 scientists, one junior HR manager, and one engineer from manufacturing department, two sales representatives and an accountant. Earthen project requires 3 scientists, production manager, marketing manager and a financial officer. ScribTech. project requires one data scientist, two sales representatives and one accountant. Draw the organization structure that you recommend for Prithvi Ltd. if the objective is to pinpoint project-profit responsibility.

URGENT. Will upvote quickly.

Solutions

Expert Solution

Supply chain consulting service, also known as supply chain coaching, is a process that allows an organization to reduce it costs, improve its customers experience and identify value initiatives within its order life cycle. Our supply chain logistics consulting services focus on where your organization is currently performing well and where there is room to drive improvement. The goal of coaching is to coach your company to identify improvement opportunities and act upon those initiatives to deliver long term sustained value.

When your organization works with a supply chain coach from Rockfarm Supply Chain Solutions, you can expect to see a significant improvement in overall performance. In every supply chain the metrics to success are highly visible. Did we ship on time? Did our product arrive damage free and on time? All questions that can be answered with clear metrics and improved upon. The challenges is in the process oversight. This is where Rockfarm’s Supply Chain Coach identifies deeper issues within your order lifecycle that generates risk to your business. The reasons organizations decide to seek out Supply Chain Coach services include:

  • To mitigate risk.
  • Identify improvement areas.
  • To get access to independent, third-party insights on supply chain technology and processes.
  • To help implement supply chain initiatives.

Leveraging the extensive expertise of the Rockfarm organization, our supply chain support services can help with several aspects of transportation and logistics, including:

  • Network Rationalization

    A Rockfarm supply chain coach can help you explore business possibilities such as growth, acquisition, downsizing and customer realignment, and assess the impact each would have on your supply chain. In doing so, your organization will become more resilient and you’ll better understand the true costs and benefits each potential move could bring.

  • Technology Assessment

  • Project Management

  • On-site Support and Training

Learn more about any of our supply chain logistics consulting services by speaking with a Rockfarm team member directly.

What Is Our Supply Chain Coaching Process?

Rockfarm Supply Chain Solutions’ process seeks to tap into the potential that already exists within our clients. Our coaches work on establishing a relationship with our clients that is built on trust. Since coaching is often one-on-one, rather than a one-size-fits-all approach, we are able to tailor our process to the need of a particular company or a particular individual.

Our process is what separates our coaches from typical supply chain consulting services. We use a proven, step-by-step process we can tailor to the needs of your business. For a supply chain overhaul or upgrade, this involves:

  • Data Extraction

    Data is one of the most important tools in a supply chain upgrade, and one that helps you make decisions based on historical performance rather than your perception of things on the ground. We use data from your complete inbound and outbound shipment history to create a performance baseline for measuring the effectiveness of our proposed changes.

  • Analysis

  • Design

  • Construction

  • Implementation

  • Continuous Improvement

Benefits of Working with Rockfarm

Ultimately, our global supply chain consulting services help your business achieve several key goals, such as:

  • Improving access to data and making more informed decisions: Businesses these days rely on data to help them see how they are performing and where there is room for improvement. When you work with one of our coaches, your team’s executives are better able to read the data in front of you and to understand how it affects your business overall. Using the numbers and information available, you’ll be better equipped to make decisions about purchases, logistics and other day-to-day business operations.
  • Improving on-time shipping while lowering your costs: Fast shipping is a must these days, but it can often be very expensive for logistics and shipping companies to achieve. Getting customers their shipments on-time or before the quoted time is also an imperative, but one that comes at a cost. Rockfarm will help your organization improve its shipment speed and will find a way to do so that doesn’t increase the financial strain on you or that doesn’t add to your business’ expenses.
  • Winning and retaining new customers: When your organization develops a track record of on-time deliveries and excellent customer service, more and more clients are going to be interested in working with you. In addition to improving your shipping speed, Rockfarm’s supply chain consulting service can help you find more ways to win clients and to keep the customers you already work with coming back for more.
  • Benchmarking supply chain performance against competitors and industry averages: Where does your company stand in comparison to your competitors? Our supply chain coaches can help you develop benchmarks, so you can compare your business to your competitors. We’ll also work with you to help you see how you compare to the average in the industry and determine what you can do to best those averages.
  • Using technology in a smarter, more effective manner: Technology has done a lot to improve supply chain management and streamline logistics. Working with a supply chain coach, you can find how to make technology work for your business and can discover what you can do to maximize the use of technology, leading to more on-time deliveries, reduced fuel costs and greater efficiencies.
  • Improving cash flow by reducing inventory levels and distribution costs: Your supply chain coach can work with you to help you determine the appropriate levels of inventory to maintain to deliver orders to clients quickly, without requiring you to keep high levels of stock on hand at all times. The less inventory you need to store, the lower your warehouse costs will be. Methods such as drop-shipping or shipping directly from the manufacturer help you to cut costs while providing high levels of service to your clients.

Related Solutions

Prithvi Ltd. has many sections and departments. It is organised into these functional areas: • research...
Prithvi Ltd. has many sections and departments. It is organised into these functional areas: • research and development (R&D) • global supply (including supply chain management, manufacturing and logistics) • sales and marketing • global support functions (providing, for example, legal, financial and HR services). These functional areas effectively run independently. However, company follows a structure in which all areas can contribute to the vast range of projects that are running at any one time. Prithvi Ltd. uses the skills...
A large company is organized into 3 different functional areas: manufacturing, marketing, and research & development....
A large company is organized into 3 different functional areas: manufacturing, marketing, and research & development. The employees claim that the company pays women less than men for similar jobs. The company randomly selected 4 females and 4 males from each area and recorded their weekly salaries in dollars. Area (rows) Female Male Manufacturing 1016, 1007, 875, 968 978, 1056, 982, 748 Marketing 1045, 895,848, 904 1154, 1091 878, 876 Research & Development 770, 733, 844, 771 926, 1055, 1066,...
Give examples of functional departments
Give examples of functional departments
You Beaut Ltd is an Australian company which has a functional currency that is A$. It...
You Beaut Ltd is an Australian company which has a functional currency that is A$. It has reporting periods ending on 31 December and 30 June. On 22 November 2020 You Beaut Ltd sold some inventories to a Chinese customer for the agreed price of 400,000 Yuan. The original purchase cost of the inventories was A$75,000. On 19 January 2021, the customer pays the amount owing on the sales invoice to You Beaut Ltd. The applicable exchange rates were:                                    ...
You Beaut Ltd is an Australian company which has a functional currency that is A$. It...
You Beaut Ltd is an Australian company which has a functional currency that is A$. It has reporting periods ending on 31 December and 30 June. On 22 November 2020 You Beaut Ltd sold some inventories to a Chinese customer for the agreed price of 400,000 Yuan. The original purchase cost of the inventories was A$75,000. On 19 January 2021, the customer pays the amount owing on the sales invoice to You Beaut Ltd. The applicable exchange rates were:                                    ...
Transfer Pricing KingXY Ltd is organised on decentralized lines, with each manufacturing division operating as a...
Transfer Pricing KingXY Ltd is organised on decentralized lines, with each manufacturing division operating as a separate profit centre. The manager of a division has full authority to decide on sale of the division’s output to outsiders and to other divisions. Division Y has always purchased its requirements of a component from Division X. But when informed that Division X was increasing its selling price to R300, the manager of Division Y decided to look at outside suppliers. Division Y...
Sunshine Industrial Ltd, a massive retailer of electronic products, is organised in four separate divisions. The...
Sunshine Industrial Ltd, a massive retailer of electronic products, is organised in four separate divisions. The four divisional managers are evaluated at year-end, and bonuses are awarded based on return on investment (ROI). Last year, the corporation as a whole achieved a ROI of 13 percent. During the past week, the divisional manager of the Asia-Pacific Division was approached about the possibility of buying a competitor that had decided to redirect its retail activities. The following data relates to the...
Anthea Company Ltd was organised in 2012 to operate a tax preparation business. During the first...
Anthea Company Ltd was organised in 2012 to operate a tax preparation business. During the first year, the company issued 10 000 ordinary shares at $50 cash per share. $25 was payable on application, $15 payable on allotment and the remainder in calls. Management were pleasantly surprised that applications were received for 13 000 shares. The excess monies received were offset against amounts due on allotment and any remaining funds (if appropriate) were offset against calls due. All amounts due...
For an IT department that supports an accounting department as well as other functional areas of...
For an IT department that supports an accounting department as well as other functional areas of the company, which cost allocation method would you choose? Provide support for the basis of your decision. Chose from direct method, step method, and reciprocal method.
List five functional areas and their sub-functions. Briefly explain?
List five functional areas and their sub-functions. Briefly explain?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT