Supply Chain Management and Sustained Competitive

Question: Examine about the Supply Chain Management and Sustained Competitive. Answer: Presentation: In the current business condition, flexibly chain the executives has become an essential part for the associations. It encourages associations to upgrade the operational productivity that can make direct effect on the fulfillment level of the clients. Especially in the globalized business condition, practically all the significant associations use complex flexibly anchor system to convey items at the normal goal inside the given timespan. Successful use of flexibly chain the executives has helped association to increase upper hand in the market. Be that as it may, expanding multifaceted nature of the flexibly chain the executives has additionally made a few difficulties for the associations to deal with to keep up the productivity level of the operational procedures. Openings in the flexibly chain the board: Globalization in the business activity has given gracefully anchor the board enormous chance to build up a worldwide system so as to catch of remote market viably (Hsu et al. 2013). Besides, worldwide business structure has helped association to actualize imaginative procedures in the flexibly chain forms with the goal that it can ready to increase upper hand in the market. Shorter life pattern of the items and changing business sector structure has actuated associations to use lean flexibly chain process. Subsequently, associations need to distinguish the best lean systems with the goal that it can ready to convey item at the ideal goal viably (Monczka et al. 2015). Use of imaginative innovation in the flexibly chain the executives has given chance to the association to improve the viability of the operational procedure. In addition, it likewise helped associations to actualize complex flexibly chain the executives procedure so it can capable keep up the fulfillment level of the cli ents. Viable usage of innovation in the flexibly chain forms additionally helped associations to enter worldwide market in a considerably more viable manner. Issues in the flexibly chain the board: According to the article by Christopher (2016), associations additionally need to confront a few issues so as to use its gracefully chain process adequately. Presently, gracefully chain the board reflects giving right items in the correct quality to the opportune spot at the ideal time with the goal that clients stay fulfilled. In any case, expanding rivalry in the market has additionally affected clients to raise their desire level in regards to the sort of administrations they are accepting at the hour of buying an item. Accordingly, it makes challenges in the compelling use of the gracefully chain the board for the associations (Barney 2012). Moreover, administrations of various nations have executed a few guidelines and guidelines for keeping up the wellbeing security issue. In particular, it has made tremendous difficulties for the gracefully chain the board of the oil and gas industry. Serious business condition has additionally making pressure for the associations to diminish costs in the operational procedure. In this way, it has risen as a test for the flexibly bind the board to create techniques in such a manner thus, that it can ready to satisfy all the prerequisites in a nearly less expensive expense (Pagell and Shevchenko 2014). In addition, worldwide business structure has additionally builds the chance of dangers that associations need to look so as to lead its organizations appropriately. Along these lines, associations should concentrate on the elements like worldwide sourcing, advertise difficulties and credit accessibility so as to lessen the hazard factors in a fitting manner (Seuring 2013). Moreover, creating solid relational relationship with the providers is one of the significant issues that associations should look for compelling usage of the operational procedure. End: The above conversation features the way that flexibly chain the board is among the important variables that associations need to use so as to increase upper hand in the market. In any case, compelling usage of flexibly chain process relies upon a few factors that associations should deal with in a legitimate manner. Consequently, associations should be incredibly cautious at the hour of building up any procedure with respect to gracefully chain the executives so it can ready to have wanted effect on the viability of the operational procedures for the associations. References: Barney, J.B., 2012. Buying, gracefully chain the board and supported upper hand: The significance of resource㠢â‚ ¬Ã¢ based theory.Journal of Supply Chain Management,48(2), pp.3-6. Christopher, M., 2016.Logistics flexibly chain the executives. Pearson Higher Ed. Hsu, C.W., Kuo, T.C., Chen, S.H. what's more, Hu, A.H., 2013. Utilizing DEMATEL to build up a carbon the executives model of provider determination in green flexibly chain management.Journal of Cleaner Production,56, pp.164-172. Monczka, R.M., Handfield, R.B., Giunipero, L.C. furthermore, Patterson, J.L., 2015.Purchasing and gracefully chain the board. Cengage Learning. Pagell, M. furthermore, Shevchenko, A., 2014. Why research in practical gracefully chain the board ought to have no future.Journal of Supply Chain Management,50(1), pp.44-55. Seuring, S., 2013. An audit of displaying approaches for maintainable gracefully chain management.Decision support systems,54(4), pp.1513-1520.

Mrs. Dalloway Paper free essay sample

Dalloway, particularly on the possibility of innovation which can be characterized as new idea, craftsmanship, and culture. Explicitly Woolf centers around how the new advancements realized on account of innovation and the mechanical insurgency vary from the regular habitat and every unadulterated thing found in it. In the book Mrs. Dalloway, Woolf contends that the common world is a higher priority than innovation and new advances. All through the book, Woolf shows how diverting innovation can be through the communications her characters have with a wide range of types of it. In her article â€Å"Modern Transportation and Vitalism in Mrs. Dalloway†, Cheryl Volzer contends that the cutting edge world the characters from the book live in is troublesome and just nature takes harmony back to them. She additionally contends that the advanced advances experienced by the characters cause them to lose feelings and emotions. Volzer calls attention to that all the time it is a vehicle, clock ring, or other bit of apparatus that â€Å"not just ruins Clarissa’s way, yet in addition suspends her tangible driven recollections of affection. The epic proposes that modernity†¦ endeavors and prevails with regards to ending contemplations established in feeling and feeling† (2). While I concur the entirety of the advanced articles are very diverting for the characters in the novel, and that it is just when they are somehow or another associated with nature that they are more settled; in any case, I can't help contradicting her idea that the cutting edge innovation obliterates all feeling, as a result of the scene where numerous individuals in the city outside of the blossom shop see â€Å"a face of the best significance against the pigeon dim upholstery, before a male hand drew the visually impaired and there was not something to be seen† (14). This face which such a significant number of individuals accept to be of a renowned and notable individual, causes the residents who see it to feel pride for England and its accomplishments, and to for the most part feel nationalistic. Another model in the novel where a cutting edge object makes various characters become enthusiastic is when Big Ben tolls, here Clarissa is pondering the impacts of the ringing chimes, â€Å"a specific quiet, or gravity; an incredibly delay; a suspense† (4). This shows another bit of apparatus was fit for bringing out feeling from the characters in the book. Woolf likewise shows the amount increasingly huge nature is in the realm of Mrs. Dalloway through the entirety of the illustrations she utilizes contrasting individuals with creatures and how her characters frequently consider nature. In the diary section, â€Å"Scissors and Silks,† â€Å"Flowers and Trees,† and â€Å"Geraniums Ruined by the War†: Virginia Woolf’s Ecological Critique of Science in Mrs. Dalloway composed by Justyna Kostkowska, Kostkowska contends that, â€Å"By alluding to human involvement with characteristic terms, [Woolf] strengthens the indivisibility of nature and culture, and shows their mutuality† (187). This contention turns out to be increasingly evident all through the book when Woolf thinks about pretty much every character to something in nature as Kostkowska addresses later in her article, â€Å"An larger part of characters are over and again portrayed in flower or creature terms: Clarissa is â€Å"perched† winged creature like, â€Å"a contact of the fowl about her, of the jay, blue-green, vivacious† (4); Elizabeth is â€Å"like a poplar, [. . . ] like a waterway, [. . . like a hyacinth† (188); Septimus is â€Å"beak-nosed† (14); Peter is â€Å"hawklike† (164); Septimus sees Rezia as a â€Å"flowering tree† (148), and as a â€Å"little hen† (149); Sally is â€Å"all light, gleaming, similar to some feathered creature or air ball that has flown in† (35). Indeed, even Dr. Bradshaw is depicted as a winged animal of prey as he â€Å"swoops† and â€Å"devours† (188). I totally concur with Kostkowska’s con tention that Woolf analyzes human life to nature to demonstrate how indivisible they are. However, something Kostkowska didn’t talk about that I accept demonstrates nature and the characters in Mrs. Dalloway are constantly associated is; a considerable lot of the characters think as far as nature. One genuine model is Rezia, who, while at the recreation center with Septimus, thinks she is â€Å"like a fowl protecting under the slight empty of a leaf, who flickers at the sun when the leaf moves; begins at the break of a dry twig† (65). This section where Rezia considers herself a fowl attempting to get by in the wild mirrors how she feels about Septimus; questionable of his psychological perspective, frightened about how their relationship is going to work out, and baffled with how he acts. Considering herself a winged animal shows perusers that nature is an enormous and significant piece of Rezia’s life particularly during this period of scarcity. Somewhere else in the book where a character utilizes nature to make examinations is when Peter begins pondering human spirits and how a spirit, â€Å"fish-like occupies remote oceans and employs among obscurities stringing her way between the boles of monster weeds, over sun-glinted spaces without any end in sight into agony, cool, profound, mysterious; out of nowhere she shoots to the surface and sports on the breeze wrinkled waves; that is, has a positive need to brush, scratch, ignite herself, gossiping† (161). This idea shows how even the very quintessence of people is connected to nature. The main explanation Woolf would have included such a large number of thoughts regarding how nature is associated with people inside and out, is show the amount more significant nature is to her than the cutting edge society that she lived in. Nature was a higher priority than innovation and new innovation to Woolf, conceivably on the grounds that she could perceive how adversely the modern insurgency had influenced the earth, and on the grounds that individuals were getting less and less in contact with their common environmental factors as they were cleared up in the surge of city life. At the point when Woolf composed Mrs. Dalloway very few individuals comprehended this subject of nature she remembered for her paper. Since people are attempting to fix the harm to the condition that was begun during the Industrial Revolution, individuals are starting to acknowledge more Woolf’s message that nature and the entirety of its consistent qualities are significantly more imperative for people than the steady progression of new advancements. Works Cited Cheryl. Present day Transportation and Vitalism in Mrs. Dalloway. San Juan Unified School District. N. p. , 16 Nov. 2009. Web. 6 May 2013. http://www. sanjuan. du/site pages/rvolzer/documents/moderntransportation. pdf. Kostkowska, Justyna. â€Å"Scissors and Silks,† â€Å"Flowers and Trees,† and â€Å"Geraniums Ruined by the War†: Virginia Woolf’s Ecological Critique of Science in Mrs. Dalloway. † â€Å"Women’s Studiesâ 33. 2 (2004): 183-98. Scholarly Search Elite. Taylor amp ; Francis LTD. , May 2004. Web. 9 May 2013. lt;http://web. ebscohost. com/ehost/pdfviewer/pdfviewer? sid=419e5d71-988a-4bd2-b44b-1820b3b3997d%40sessionmgr112amp;vid=3amp;hid=118gt;. Woolf, Virginia. Mrs. Dalloway. 1925. New York: Harcourt, Brace and Co. 1981. Print.

Blog Archive Monday Morning Essay Tip The I Trap

Blog Archive Monday Morning Essay Tip The I Trap Although putting yourself at the center of the stories in your application essays is certainly important, a common problem applicants have is beginning too many sentences with the word “I.” As a general rule, you should never have two sentences in a row that begin this way. Consider the following example: “I worked for three years at ABC Plastics, a small injection molding company. I was responsible for overseeing the overall management of ABC Plastics, from day-to-day operations to strategic planning. I managed 100 people. I worked very long hours, but I learned more than I ever imagined.” Now consider the same statement reworked to avoid using the word “I” at the beginning of subsequent sentences: “For three years, I worked at ABC Plastics, a small injection molding company. My responsibilities at ABC included overseeing the overall management of the company, from day-to-day operations to strategic planning. Because I supervised more than 100 staff members, my days were long, but I learned more than I ever imagined.” As you can see, the second example reads much better than the firstâ€"and none of the sentences in the second example begin with “I.” Share ThisTweet Monday Morning Essay Tips

Classic Airlines and Marketing Concepts - Free Essay Example

Sample details Pages: 2 Words: 594 Downloads: 8 Date added: 2017/09/13 Category Advertising Essay Did you like this example? Classic Airlines and Marketing Concepts As the world’s fifth largest airline, Classic Airlines operates with a fleet of more than 375 jets that serve 240 cities with over 2,300 daily flights (University of Phoenix, 2010). Since Classic Airlines’ inception, the organization has grown to have approximately 32,000 employees with earnings of $10 million on $8. 7 billion in sales (University of Phoenix, 2010). As the company strives for continued success and profits, Classic Airlines is susceptible to challenges that affect today’s airlines. One challenge the organization faces is how to beef up its frequent flier program with methods that will demonstrate a measurable return on any investment (University of Phoenix, 2010). The purpose of this paper is to relate some marketing concepts from week one readings to Classic Airlines and its reward program. Don’t waste time! Our writers will create an original "Classic Airlines and Marketing Concepts" essay for you Create order Marketing deals with identifying and meeting human and social needs (Kotler and Keller, 2006). The American Marketing Association defines marketing as an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stake holders (Kotler and Keller, 2006). Kevin Boyle, Chief Marketing Officer (CMO) for Classic Airlines, is tasked with the opportunity to turn around the Classic Rewards Program. Reporting shows that membership in the program is down nearly 20% from the previous year, meaning that more than 160,000 supposedly loyal members are flying airlines other than Classic (University of Phoenix, 2010). By starting with the core concept of needs, wants and demands, the marketing team can figure out what parts of the program is working and not working to revamp the program. Needs are the basic human requirements which become wants when directed to specific objects that might satisfy the need (Kotler and Keller, 2006). Demands are wants for specific products backed by an ability to pay (Kotler and Keller, 2006). Kotler and Keller (2006) state that companies address needs by putting forth a value proposition, a set of benefits they offer to customers to satisfy their needs and that these offerings come from a known source, a brand (p. 25). In revamping the program, Boyle and his team can review each current benefit of the reward program and decide what meets customer needs and wants. Branding of the company can help with the program to keep the organization of the minds of prospective customers when looking to meet their travel needs. All companies strive to build brand strength (Kotler and Keller, 2006). Value and satisfaction is another concept that should be reflected in the new rewards program. The program will be successful if it delivers value and satisfaction to the target buyers (Kotler and Keller, 2006). One customer felt that he had value in the reward program as he or she had been a member for six years and called to redeem miles for an international trip, only to find no non-stop flights and limited seating; thus he or she was not truly satisfied (University of Phoenix, 2010). Another customer was not satisfied by the terms and conditions in which he or she could not redeem a companion ticket. Conclusion The chief executive officer, Amanda Miller, has acknowledged there is a problem with the rewards program as well as other challenges that the airlines industry faces. She hopes to solve the rewards program with Kevin and his team. By referring to marketing concepts along the way of revamping the program, Classic Rewards can become competitive with other top performing companies. Reference Kotler, P. , Keller, K. L. (2006). Marketing Management (12th ed. ). New Jersey, NJ: Prentice-Hall. University of Phoenix. (2010). Classic Airlines Scenario. Retrieved from University Of Phoenix, Scenario, MKT/571-Marketing course website.

Domestic Violence, Racial Socioeconomic Disparities, And...

As we constantly hear of professional athletes being involved in domestic violence and other violent crimes, it is important to notice a trend. There is always some athlete being accused of some form of domestic violence. True sociological issues need to be addressed when violent issues such as the O.J. Simpson case arises. Simpson was influenced by a variety of sociological factors that created him into a violent person, such as the way in which African Americans are portrayed by the media, racial socioeconomic disparities, and racial labeling, that are all still evident in our society today. Born Orenthal James Simpson, on July 9, 1947, Simpson was raised by a single mother also raising two other children. Simpson grew up in a largely black neighborhood, the Petrero Hill district of San Francisco. He joined a gang called the Persian Warriors when he was just 13 years old, and spent a week at the San Francisco Youth Guidance Center after getting in a gang fight in 1962. After being able to escape the clutches of the poor neighborhood he grew up in, Simpson went on to play collegiate football at the City College of San Francisco, then later at USC. After an extremely successful collegiate career, he became an NFL superstar, engulfed in fame and riches. Simpson had married Marguerite L. Whitley on June 24, 1967 and had three children with her. After one of their young daughters drowned in the family swimming pool, the couple divorced and Simpson went on to find andShow MoreRelatedCjus 230 Final Paper4022 Words   |  17 Pageschild development and socialization. There are two sides however to families; the first being a place where members love, care and provide for one another promoting healthy human growth. The second side reveals conflict, a lack of support, and violence. Families are extremely influenced by the political and economic context within which they operate (Elrod amp; Ryder, 1999, p. 53). A family’s place within the political and economic structure is important because such placement determines theRead MoreRastafarian79520 Words   |  319 PagesIn this respect, Psalm 68:31, â€Å"Princes shall come out of Egypt; Ethiopia shall soon stretch out her hands unto God,† was interpreted as a prophecy of African redemption. Casely Hayford, author of Ethiopia Unbounded, held out hope of an â€Å"African racial redemption.† Furthermore, Hayford referred to Edward Wilmot Blyden, who repatriated to Liberia and became a distinguished professor and statesman, as â€Å"God descended upon the earth to teach the Ethiopians anew the way of life.†21 Explicit Ethiopianism

The Declaration Of Independence Freedom, Liberty, And...

The Declaration of Independence affirms that the country is founded upon the principles of life, liberty, and the pursuit of happiness. However, the Democratic and Republican Parties do not always uphold these ideas in their decisions regarding social issues. The Democratic party believes in Protecting the lives of inmates, allowing women to choose whether or not to have an abortion, and support LGBT rights. While the Republican Party’s ideals consist of allowing the death penalty, being pro-life, and not supporting the rights of the LGBT community. We almost must remember to integrate our faith into the decisions we make by electing people who support those who uphold biblical ideology. The Democratic Party best upholds the natural rights given to us because they support life sentences rather than the death penalty, the right to choose to have an abortion, and the rights of the LGBT community, which comes closest to the principles of the Declaration of Independence. We must f irst determine what is being said in the constitution when they wrote, â€Å"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.† Analyzing this we can see that Locke was stating that everyone is equal, and is born with certain inalienable natural rights. These rights are given to us by God and can never be taken or even given away by any force,Show MoreRelatedMartin Luther King s I Have A Dream Speech891 Words   |  4 PagesEver since children have been born, they have celebrated Independence Day by either going to a parade, or shooting fireworks. Although, at these young ages, children don’t quite know the real importance of each of them. Martin Luther King Jr. wanted every human being, regardless of their race to be treated fairly or just. 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Preparing Budgets and Environmental Cost Report

Question: Discuss about thePreparing Budgets and Environmental Cost Report. Answer: Introduction Purpose The purpose of the report is to see if the new product will be able to generate enough cash balance at the end of each month to enable the company to pay for the following months expenses. Scope The cash budget is prepared for two companies, one of which is the manufacturer and the other distributor. Milbourn Manufacturing is the manufacturer and various budgets including production budget, labour budget, material budget, and cash budget has been prepared for the company for four months from December to March. VGL Ltd is the distributor and a cash budget has been prepared for the company for four months from January to April. Limitations The above mentioned budgets have been prepared on the basis of the sales forecast and the expected sale price by VGL Ltd. If there is any change in the forecasted sale, the planned budgets could go for a toss and the profits of both the companies may be affected. Hence, the companies should be prepared for any variation. Cash Budget VGL Ltd. Jan Feb Mar Apr Beginning Cash balance $19,00,000.0 -$1,24,10,000.0 $4,96,90,000.0 $10,96,12,500.0 Add receipts Cash sales $2,24,40,000.0 $1,63,20,000.0 $1,16,02,500.0 $1,01,35,944.0 Credit sales $7,29,30,000.0 $5,30,40,000.0 $3,77,08,125.0 Credit sales $1,68,30,000.0 $1,22,40,000.0 Total cash available $2,43,40,000.0 $7,68,40,000.0 $13,11,62,500.0 $16,96,96,569.0 Less: cash disbursements Purchases $3,52,00,000.0 $2,56,00,000.0 $2,00,00,000.0 $1,92,00,000.0 Expenses $15,50,000.0 $15,50,000.0 $15,50,000.0 $15,50,000.0 Total disbursements $3,67,50,000.0 $2,71,50,000.0 $2,15,50,000.0 $2,07,50,000.0 Ending cash balance -$1,24,10,000.0 $4,96,90,000.0 $10,96,12,500.0 $14,89,46,569.0 Melbourne Manufacturers Budgets Production Budget Dec Jan Feb Mar Apr Sales 2,20,000 1,60,000 1,25,000 1,20,000 Production units 2,20,000 1,60,000 1,25,000 1,20,000 Material Budget Dec Jan Feb Mar Material A kgs 6,60,000 4,80,000 3,75,000 3,60,000 Cost per kg $3.5 $3.5 $3.5 $3.5 Material A cost $23,10,000.0 $16,80,000.0 $13,12,500.0 $12,60,000.0 Material B kgs 13,20,000 9,60,000 7,50,000 7,20,000 Cost per kg $4.5 $4.5 $4.5 $4.5 Material B cost $59,40,000.0 $43,20,000.0 $33,75,000.0 $32,40,000.0 Material C kgs 4,40,000 3,20,000 2,50,000 2,40,000 Cost per kg $10.0 $10.0 $10.0 $10.0 Material C cost $44,00,000.0 $32,00,000.0 $25,00,000.0 $24,00,000.0 Total material cost $1,26,50,000.0 $92,00,000.0 $71,87,500.0 $69,00,000.0 Labour Budget Dec Jan Feb Mar Hours required 1,10,000 80,000 62,500 60,000 Cost per hour $36 $36 $36 $36 Labour cost $39,60,000.0 $28,80,000.0 $22,50,000.0 $21,60,000.0 Cash Budget Dec Jan Feb Mar Beginning cash balance $15,50,000.0 -$33,42,500.0 $1,87,30,000.0 $3,19,90,625.0 Receipts $3,52,00,000.0 $2,56,00,000.0 $2,00,00,000.0 Total cash available $15,50,000.0 $3,18,57,500.0 $4,43,30,000.0 $5,19,90,625.0 Disbursements Material cost $6,32,500.0 $4,60,000.0 $3,59,375.0 $3,45,000.0 Material cost $94,87,500.0 $69,00,000.0 $53,90,625.0 Material cost $25,30,000.0 $18,40,000.0 Labour cost $39,60,000.0 $28,80,000.0 $22,50,000.0 $21,60,000.0 Overheads $3,00,000.0 $3,00,000.0 $3,00,000.0 $3,00,000.0 Total disbursement $48,92,500.0 $1,31,27,500.0 $1,23,39,375.0 $1,00,35,625.0 Ending cash balance -$33,42,500.0 $1,87,30,000.0 $3,19,90,625.0 $4,19,55,000.0 Behavioural Aspects of Budget Budgetary Slack Budgetary slack is the underestimation of revenues and overestimation of expenses. When the performance of the managers is linked to the budgets, the managers may distort the information in order to appear in the favourable light. Like if the managers gets rewards for higher sales than budgeted, the manager would most certainly underestimate the sales forecasts and prepare a budget with lower sales forecast so that when the actual sales exceeds the budgeted, the manager could be rewarded. This leads to budgetary slack. Due to this, the budgets prepared may become inaccurate and the planning process of the company may go for a toss. (Hilton, 1994) Participative Budgeting If the budgets are prepared in consultation with the people who are responsible for its execution, it is called participative budgeting. Participative budgeting is more effective as the people executing it feel more committed and responsible. The various advantages of participative budgeting are: a) The budget quality is better as it has the expertise of the managers along with the top management. b) There is improved communication of the budget, improved acceptability, and a better commitment from the managers c) The managers have a better understanding of the factors involved in the making of the budget, hence this improves the understand ability of the factors. d) Ensures efficient allocation of resources e) Acts as a tool of motivation f) There is greater work clarity which leads to better performance Even though this type of budgeting proves advantageous, however there are also certain disadvantages which are: a) It is difficult to have an effective two way communication between superiors and subordinates b) The managers may try to distort the budgets and get resource allocation in their favour c) The process is expensive and time consuming d) The participation increases a responsibility for the managers which may increase their stress. (Tanase, 2013) Cash Management Strategies to Avoid Cash Shortage A temporary cash shortage may arise if the expenses are incurred before the payments are received. In such cases, the company can employ some strategies to overcome such shortage. a) Take a loan the loan can be taken from bank or any individual b) Delay payment to vendors the delay in payment would make cash available for other business expenses which need to be paid for immediately. However, the vendors should be informed and convinced beforehand. c) Sell off investments to increase liquidity d) Collect receivables at a faster rate. (NASAA, 2007) Consequences of Cash Shortage If the cash shortage is not looked upon immediately, it can lead to dire consequences which may even lead to liquidation of the business. The profits of a business may be impacted as due to cash shortage, necessary items required for operation of business would not be purchased which will hinder the production schedule and thus the company will not be able to meet sales demand on time, thus impacting the profitability. Apart from the above costs, there are also pressures that a business may face with respect to its reputation. It may lose cash discounts, may be difficult to obtain further loan, forced to pay higher prices to suppliers etc. (Shodhganga.inflibnet, NA) Consequences of too Much Cash A company should have adequate amount of cash to carry out its operations effectively. Too much of cash also poses negative consequences which is the opportunity cost. The company loses profits which it might earn from investment of such excess cash. Also there is inflation effect which means if the inflation increases, the value of money goes down and hence the value of available cash decreases which is a loss for the company. (Picard, 2011) Environmental Performance Table Operating Cost Category Amount % in relation to total cost % in relation to total sales Initial evaluation of environmental standing of new suppliers Detection costs $2,100 Testing for contamination Detection costs $28,000 Training employees (environmental) Detection costs $1,400 Inefficient material usage Detection costs $70,000 Total Detection costs $1,01,500 2.5% 1.9% Cleaning up chemically contaminated soil External Failures $2,60,000 Total External Failures $2,60,000 6.3% 4.9% Treating and disposing of toxic waste internal Failures $2,15,000 Operating pollution equipment Internal failures $19,000 Total Internal Failures $2,34,000 5.7% 4.4% Maintaining pollution equipment Prevention costs $39,000 Performing environmental studies Prevention costs $7,500 Revising evaluation of some existing suppliers Prevention costs $700 Total Prevention Costs $47,200 1.2% 0.9% Total cost $41,00,000 Total Sales $53,00,000 (Kaplan, 2012) Strategy From the above table we see that external failures amounts to the highest cost in total operating cost even though there is only one item of cost, followed by internal failures. Hence, the company should focus on reducing these costs. This can be done by preventing environmental waste production as no waste would mean no external failure costs and hence the total environmental costs would be low. Prevention costs are the lowest and if the company spends more on prevention costs, there would be less of both internal and external failures. References Hilton, R., (1994), Managerial Accounting, 2nd Edition, New York, McGraw Hill Book Company Tanase, G.L., (2013), An Overall Analysis of Participatory Budgeting Advantages and Essential Factors for an Effective Implementation in Economic Entities, Journal of Eastern Europe Research in Business and Economics, Vol. 13 NASAA, (2007), what is Cash Flow and How Should We Manage It? NASAA Training , Reading 2 Shodhganga.inflibnet, (NA), Analysis of Cash Management, accessed online on 27th September, 2016, available at https://shodhganga.inflibnet.ac.in/bitstream/10603/723/12/12_chapter%207.pdf Picard, R., (2011), Too Much Cash Becomes a Really Serious Business Problem, accessed online on 27th September, 2016, available at, https://www.forbes.com/sites/robertpicard/2011/08/08/liguidity-is-creating-short-term-investment-challenges-for-many-companies/#46f81d302ce7 Kaplan, (2012), Environmental Costing, accessed online on 27th September, 2016, available at, https://kfknowledgebank.kaplan.co.uk/KFKB/Wiki%20Pages/Environmental%20Costing.aspx