Managing the effectiveness and value of the supply chain has become a top priority. Supply chain management focuses on aligning people, processes, information, and technology to a common set of goals and objectives across the supply chain of products and services to meet the needs of all industries, companies will drive increased profitability and efficiency.
In 2002, discount stores such as Kohl's, Target, and Wal-Mart were recording strong sales, while Kmart Corp.--the granddaddy of them all declared bankruptcy. Several factors contributed to the downfall, but one of the biggest is that Kmart didn't compete on price, a failure some attribute to its inability to master supply-chain technology and, consequently, benefit from supply-chain efficiencies. For instance, unlike Kmart, Wal-Mart used E-business system to regularly communicate sales and inventory data from every store to thousands of suppliers and buyers and deploy a private trading hub to consolidate its purchasing globally and bring suppliers online to bid on contracts--all part of a plan to lower costs and pass on savings. Promotions almost never caused problems for Wal-Mart because of its tight links with suppliers. As a result, Kmart's consumers often found that the sales merchandise and/or merchandise that were part of a promotion, was often out of stock when they reached the store.
In: Accounting
In: Economics
Research the accounting profession and choose three possible career paths that interest you. Describe those careers and why they are of interest. Your initial post should be 250-500 words and should demonstrate solid academic writing skills.
In: Accounting
Select any two countries and using the academic literature examine the impact of cultural differences on the negotiation process. Outline the cultural characteristics of each country and then provide a comparative analysis of how these cultural characteristics impact upon how they negotiate.
In: Economics
(APT model)Fama and French rationalise their SMB and HML factors as reflecting the extra riskiness of small stocks and low price-to-book value stocks respectively. Do you feel that this explanation is convincing? (give academic support or example)
In: Finance
Academic research paper about alternative healing modalities through the lens of their respective liberal studies concentration.
method of analysis, and results/discussion sections.
Base on African American cultural background, social position, values of low income
In: Nursing
The complete title of Moliere’s most famous play is Tartuffe, ou
l’Imposteur, or in English, Tartuffe,
or the Imposter. But in the play, and in academic criticism, the
title character is referred to
as a hypocrite. Explain the difference between a hypocrite and
an imposter, relating these ideas to
Tartuffe, the character.
In: Psychology
What is the Formal Structure of the Organization and how is the change of environment going to impact how work is organized and coordinated? Describe how this will look as an Organizational Design for the future. Please provide academic references and scholarly insight to support your suggestions.
In: Operations Management
What is the Formal Structure of the Organization and how is the change of environment going to impact how work is organized and coordinated? Describe how this will look as an Organizational Design for the future. Please provide academic references and scholarly insight to support your suggestions.
In: Operations Management
2. Identify the fraud risk factors posed by DHB for its independent auditors. Which of these factors, in your opinion, should have been of primary concern to those auditors?
3. During the 2004 DHB audit, the company’s independent auditors had considerable difficulty obtaining reliable audit evidence regarding the $7 million of obsolete vest components that allegedly had been destroyed by a hurricane. What responsibility do auditors have when the client cannot provide the evidence they need to complete one or more audit tests or procedures?
4. What responsibility, if any, do auditors have to search for related-party transactions? If auditors discover that a client has engaged in related-party transactions, what audit procedures should be applied to them?
5. Compare and contrast the internal control reporting responsibilities of the management and independent auditors of public companies.
6. What potential consequences do frequent changes in auditors have for the quality of a given entity’s independent audits? Identify professional standards or other rules and regulations that are intended to discourage auditor changes or provide disclosure of the circumstances surround them.
7. David Brooks apparently made threatening remarks to certain of his company’s independent auditors. What actions should auditors take when they are the target of hostile statements or actions by client executives or employees?
8. Does the SEC have a responsibility to protect the investing public from self-interested corporate executives? Do professional auditing standards or other rules or regulations impose such a responsibility on independent auditors?
9. The audit committee of DHB Industries was criticized for failing to carry out its oversight responsibilities. What are the primary responsibilities of a public company’s audit committee?
In: Accounting