Raw Material Reports Samples For Students

Executive Summary

McDonald’s, with its huge customer base and steadily increasing revenue, has proved the excellence of it operations management. Operations management can be defined as a long term strategy that shapes a company’s operations in such a way that it is aligned to organisational goals, market requirements and available resources. The objective of this paper is to delve through the effective operations management strategies of McDonald’s that have significantly contributed to its huge success. It studies the various the components of operations management and how effectively it has been utilised in McDonald’s.
The corporation is the leader in ...

The implementation of these variance costs is to assist in understanding the disparities between the actual and planned costs. This will assist Kaufmann Manufacturing Company reduce its costs as the other financial period sets in.

Raw material price

It is computed as; (Actual price – Budgeted price) × Unit price
1st 6 months = (2400 – 2281) × 12 = $1,428
2nd 6 months = (2400 – 2432) × 12 = $384

Raw material Usage

1st 6 months = 590,000/3 = (196,666.70 × 12) = $2,360,000.40
2nd 6 months = 600,000/3 = (200,000 × 12) = $2,400,000

Raw materials activity

1st 6 months = (Actual activity – Standard activity) = (590,000 – 590,000) = 0
2nd ...

Introduction to the Company

Two brothers Richard and Maurice made a food chain in 1940 by the name of McDonalds. In start they had twenty five food items. But they noticed that there large portion of profit comes from the sale of their hamburgers, so they decided to limit their food items to the burgers, shakes, apple pie, and soft drinks and french-fries. Now McDonalds has many branches in many parts of the country. They have 32000 branches in 119 countries and have approximately 1.7M employees. McDonalds headquarter is placed in Oak Brook, Illinois. They have social responsibility and ethical policies. The most attracting ...

Value Chain

The objective of analyzing Monster’s value chain is to make a product that will become popular to its customers, which includes not only the production segment but also marketing and distribution (Horngren and Data, 2015). This is because products will eventually need to be discontinued due to changing customer preferences and product innovation from competitors. This means that the company’s core operations and its products must continuously evolve and this could be done using the value chain analysis tool. For an energy drink company like Monster, one of its main goals is to continuously adapt to the ...

Business Accounting Assignment 1: Business Report on Accounting Practices and Financial Standing of Crafty Limited

Introduction
Final Accounts are prepared at the accounting cycle in order to determine the financial state of a business during a designated period. Preparation of final accounts include Manufacturing and Trading account statements, Profit and Loss Account sheets and the Balance Sheet. In order to calculate the amount of profit or loss a business entity has generated within a specified period, the Trading, Profit and Loss Account is prepared; since the Balance Sheet provides a snapshot of the assets and liabilities of a business, its interpretation reveals how financially viable the business is currently; while the most important function ...

Supplier Management Portfolio Section 1 2

Key performance indicators for suppliers: 2
Terms and conditions template: 2
Supplier Management Portfolio Section 2 3
Delivery of goods: 3
Receiving of goods: 3
Damaged goods: 3
Disputes and Arbitration: 3
Supplier Management Portfolio Section 3 4
Supplier assessment procedure: 4
Review of outcomes 4
Recommendation of supplier 5
Supplier Management Portfolio Section 1
Key performance indicators for suppliers:
A number of key performance indicators are going to be used for suppliers to the company. Savings is the first key performance indicator for suppliers wishing to work with the company. Savings will be calculated as the amount of ...

- Monitor resource usage
- Review and Identify Trends

Methods used

The following are the methods used to review and evaluate the effectiveness of the policy.
Reporting
The recording of the reading from each month should be made so that statistical methods can be used toward easy comparison. In essence, the monthly reading needs to be compared alongside each other for example a bar chart for a whole year. This can be used to set targets. In addition, it will also increase information creditability and create a willing participation by all stakeholders.

Report to others

This ensures that clear purposes and demand for undertaking ...

Porter’s Five Forces Model

Michael Porter’s Five Forces model gives a strategic insight to the firm. It considers the five forces necessary to create a competitive advantage. This model helps the strategic manager to understand where power lies, and helps in creating sustainable competitive advantage. The analysis of foot wear industry according to the Porter’s model is given below:

Threat of New Entrants

The threat of new entrants in the footwear industry is high. There are a few entry barriers. The government regulations are few. Moreover, the inputs are easily accessible. It is not tough to arrange workforce, technology, raw material and expertise. However, advanced technology can lead ...

This report comprehensively discusses the significance of keeping financial records and how financial information available in the financial statements of an entity help wide range of stakeholders in assessing company’s performance to make viable economic decisions. Moreover, as follows the report also defines the budgetary control process and different costing methods and their effects on short term and long term performance of the business. I would also like to discuss the statutory requirements of recording and reporting financial information for entities operating in the United Kingdom.
There are several reasons for companies to retain their financial records. ...

Executive Summary

Ocado is one among the top most online grocery supermarkets in United Kingdom. It does not have many physical stores but operates through an internet and deliver orders to people at their home. The Ocado has the best online infrastructure and offering services to customers in United Kingdom. This assignment is based on strategic review of the company Ocado. It discuss about internal and external factors and conduct Porter’s Five Analysis, Industry lifecycle, PESTLE analysis, Strategic group and SWOT analysis to determine the actual standing of the company in the market. In the later section, future recommendations have ...

A forty-three year old male with cases of irritated eyes and increasingly blurry vision. The man also reports cases of skin irritation which are at certain instances severe and cases of difficulty in breathing.

His skin irritation and difficulty in breathing stared six months ago.at the onset these complications were mild and isolated in their frequency but gradually they are becoming more persistent. Irritation of the eyes started three months ago and his vision started to get blurry a month ago.

Past medical history

Noncontributory.
Family history
His wife, parents, and two sisters are all perfectly healthy. His three daughters are ...

Section A: Strategic Case Analysis

In this section, the current business and corporate implemented strategies of Willie’s Wraps will be analyzed and defined. Just a brief background about the company, Willie’s Wrap was founded by brothers Richard and Fred Willie who were both machine operators in a components factory in 1981. After the said factory was closed, the Willie brothers used their redundancy pay to purchase machines to star-up their own wrapping business. They generally acquire their market from start-up companies looking for affordable wrapping solutions. The business grew in volume and range as the Willie brothers have learned more and more about their ...

Executive Summary

Burberry is a British fashion house, which offers luxurious pieces and accessories. It distributes everything going from clothing to accessories and even perfume, fragrances and household materials. It is an iconic British product and represents a true image of the British culture abroad. It was widely known by its distinctive tartan pattern, which has been subjected to a lot of copies around the world. The importance of the brand and its strength in the economic world can be figured by the fact that her majesty Queen Elizabeth II and his royal highness, prince of Wales have granted the company Royal Warrants. Burberry ...

Introduction

The name of this business is Star Magazine. The name springs from the kind of the business together with the activities involved. The Star Magazine will be involved in the marketing of an educative, informative, and inclusive magazine called Star. The magazine captures such critical areas in the society as Education, Environment, Entrepreneurship, and Empowerment. Consequently, the Star Magazine organization highlights these as the key areas the society that needs to be addressed accordingly. It is however important to note that the main role of the company is to get the content of the magazine from a group of university ...