Globally Optimized Operations TLMT 441 Research paper

Globally Optimized Operations TLMT 441 - Research Paper Example Globally optimized operations are increasingly being used by companies in the real world business situation, to enhance their profits. As opposed to the traditional approach of seeking independent opportunities for the improvement of the business operations, companies can increase their profits by considering the various broader subsets of the business and observing how each of the major processes affect each other. For example, a business can in the case of a shop scheduling, a business organization can look a the logistics of the delivery of raw materials for the shop as well as the various details of post production inventory shipping, retailing and marketing. This critically analyzes the concept of global optimized operations with particular focus to its contemporary and future application in logistics and supply chain management. According to Laurence (2009), companies can effectively use global optimization solutions to optimize their operations such as sourcing, production, procurement, production and distribution processes at the same time. Globally optimized operations deals with the sets and functions of the optimization in a given criteria. In this regard, the optimization operations consist of a particular constraint with a set of bounds. In the set of bounds and constraints, the variables being considered are optimized. According Ballou (2007), Supply Chain Management is currently viewed as the management of a set of processes, in whereby each process is made up of activities relevant to achieving a particular objective. For example, some of the major processes in involved in SCM include customer management, customer relationship management, order fulfillment, demand management, supplier relationship management, manufacturing flow management and returns management among others. In global optimized

Financial Plan Essay Example | Topics and Well Written Essays - 500 words

Financial Plan - Essay Example Financial break-even point is defined as â€Å"the point where revenue equals expenses and profit is zero† (Smartacus Corporation, 2011, par. 1). For Dr. McDougall’s financial situation, assuming fixed cost = $2.8 and variable cost = $2, the number of units that must be sold to break-even is 3,800 units. The components of the cost of goods sold is calculated by establishing the â€Å"Beginning Finished Goods Inventory + Cost of Goods Manufactured = Finished Goods Available for Sale – Ending Finished Goods Inventory = Cost of Goods Sold† (Averkamp, 2011, par. 1). For Dr. McDougall’s financial performance, it could be assumed that the COGS was arrived at using this: Financial information could be used to determine the available resources which can be used in future plans and endeavors. For Dr. McDougalls’s future plans include the research and development of innovative products of similar natural ingredients in other preparations to cater to other cultural tastes. Therefore, financial information would serve as the gauge for decision-making and to design appropriate strategies that would achieve the defined goals. The relevant financial ratios to determine profitability and success are profitability ratios such as the gross profit margin (gross profit/sales) = 60%; operating profit margin (operating profit/sales) = 31%; and net profit margin (net income/sales) = 26%. These ratios define that there are substantial profits generated from the manufacture of food products that provide a successful measure of returns for the company. Averkamp, H. (2011). How do I calculate the cost of goods sold for a manufacturing company. Retrieved September 22, 2011, from Accounting Coach: http://blog.accountingcoach.com/manufacturing-cost-goods-sold/ Smartacus Corporation. (2011). Break-Even Analysis and Break-Even Point. Retrieved September 22, 2011, from college-cram.com: