Final Paper Free Essays

Cost is flexible in hosing the kind of product to sell in different country, so that those products can meet the right demand of the customers from that particular country. Going global is a big decision, so Cost must take close observations into many different countries and those markets before deciding the best country operate its business. Location is considered as one of the crucial factors that lead to a business’s success. We will write a custom essay sample on Final Paper or any similar topic only for you Order Now The business should consider any tangible or intangible costs, political or climate risks, and the proximity to suppliers. There are four methods to choose a location: factor rating, location break- even analysis, center of gravity, and transportation model. In this case, I feel like Cost has applied the center of gravity method, which means finding a location of the single distribution center serving several destinations. Cost is operating as a warehouse or retailer, so it definitely wants to find the location that is near to households and other types of businesses. In that way, it can act as the main source of distribution to other businesses. Besides carrying variety kinds of products, Cost also has great services in different areas. Some of them are auto program, health and dental plans, payroll services, boat and REV loans, mortgage purchase and refinancing, etc. These services are very benefiting for customers’ daily life. With the hope of keep growing and improving, Cost really value customers’ feedback on any kind of service that they provided. Cost always wants to bring the best services and high quality products to its customers. Cost truly value quality because it always wants to bring the best things its customers. Every product that is delivered to Cost warehouses needs to go through a quality checking yester. Everything includes groceries, appliances, automotive supplies, tires, toys, hardware, jewelry, electronics, books, clothes, health and beauty aids, tobacco, wines, furniture. Cost is known for carrying top quality national and regional brands, with a hundred percent satisfaction guaranteed, at prices consistently below traditional wholesale or retail outlets. When having quality as the top thing in the list, Cost must ensure that it has an efficient inventory management system. Managing inventory is important because it keeps track of the number of inventory need of everyday, reduce the shrinkage, and avoid out of stock situation. Just-in-time (IT) is a Japanese term that describes the method of inventory control to help increase efficiency and reduce costs by receiving goods only as needed. The method requires the producers must be able to accurately forecast the demand. Cost is applying this very well. The inventory is well managed; out- of-stock and shrinkage has never a problem to Cost, because it acts as a store and also a warehouse; therefore it can hold the goods for long. Some businesses also choose Cost as their supplier, so they will buy in bulk at the rower price. Cost is not only good at managing inventory, but it also has a great supply chain management strategy. What Cost does is sharing detailed inventory and sales data with its brand suppliers. These suppliers, in turn, are responsible for stocking the product on Cost’s shelves. This helps to eliminate the potential for a bullwhip to develop as suppliers can make accurate orders to refill the stock. Cost is incentive to provide timely, accurate data to its suppliers and suppliers are persuaded to reorder appropriate quantities of Cost. Additionally, both companies benefit by avian a more reliable system to keep products on shelves for consumers. Every business needs an appropriate process design so that it can meet the customers’ requirements within the cost constraints. Among the five transformational systems -? job shop, flow shop, product focused, main customization, and project focused, Cost belongs to the product focused system. This means there are more standardized products, with high volumes, but it should keep a consistent quality, and emphasizes on low cost. Products and services play an important role in an organization, but we just never forget the workforce is also an essential factor. Human resources department (HER) is where the business recruiting and training its employees. In 2006, Cost had 71 ,OHO full-time employees and 56,000 part-time employees; and I believe these numbers have increased a lot since then. When hiring new employees, Cost should give some sort of job specialization to everyone, which describes the requirements of certain position that Cost is offering, and a little information on the salary. From that, the people who find he/she is fitting in certain qualifications will apply or the position. Cost is one of a few retailers that pay and treat well to its employees. According to Jim Senegal, â€Å"having a well-compensated workforce was very important to executing Cost’s strategy successfully. † By providing many benefits to the employees, it also brings Cost a significant advantage, because everyone knows that Cost pay the highest wage, and also a retailer that treats employees nicely and fairly. Besides paying high wages, Cost also provide many sources of motivation to its employees, such as awards ND bonuses; in order to make the job becomes more interesting, Cost should change its motivation regularly. How to cite Final Paper, Papers Final Paper Free Essays What is the purpose of P. P. A. We will write a custom essay sample on Final Paper or any similar topic only for you Order Now C. A? The purpose of P. P. A. C. A is to supply affordable coverage to a larger number of individuals (Kroger, Burrus 2011-2012) to reduce the premium costs for millions of working families and small businesses. Also reduce what families will have to pay for health care and give Americans new affordable choices of private insurance plans. The purpose for Affordable Care Act is to make health insurance available to most uninsured low and middle income individuals (ObamaCare Summary). What issues in the U. S. health care system were the laws intended to address? How did those issues develop historically? Issues that the health care system law intended to address is saving money for the consumers on health insurance premiums, it also addresses many tax credits for small businesses and individuals. * Providing coverage to Americans with pre existing conditions * Protecting your choice of doctors * Ending lifetime limits on coverage * Restricting annual dollar limits on coverage * Removing insurance company barriers to emergency services * Covering preventive Care at no cost to you These issues developed historically from the early history health was dominated by physicians and the hospitals. Physicians had a relationship with their patients to where they had the ability to pay and collect their own bills. In 1934 American Medical Association (AMA) published this statement â€Å"No third party must be permitted to come between the patient and his physician in any medical matter (Number 1979) (Sultz, Young 2011). In the 19th century Americans used insurance through their employer that was designed to make up for lost income during sickness. The federal government’s coverage of health care for special populations played a prominent role. Over the years , the U. S. overnment develop , revised and otherwise adjusted a host of categorical or disease specific programs designed to address needs not otherwise met by state or local administrations or private sector(Sultz, Young 2011). Kennedy administration in 1961 grew from $7 billion to $24 billion for grants in aid programs excluding social security and Medicare. Federal, state government and Medicare legislation made s everal misjudgments they were underwriting the skyrocketing costs and underestimated the growing number of older adults in the U. S. What are some of the key features of the P. P. A. C. A? How will the law reshape the U. S. health care system? Key features of the P. P. A. C. A is rights and protection that has a Summary of Benefits and Coverage (SBC) which is a short plan language that makes it easy for consumers to know what they are buying when shopping for insurance. Another key feature is Consumer Assistance Program offers hands on assistance to more people who will allow you to file complaints, enroll in health coverage and get educated about your rights and responsibilities. More Key Features: Insurance choices a variety of alternatives to the individual private insurance market: * Pre existing condition plan Young adult coverage * Affordable insurance exchanges * Co- op insurance plans Insurance costs provides you with new ways to hold insurance companies accountable and keep your costs down (Healthcare. gov) * Value for your premium dollar * Lifetime and annual limits * Flexible spending account changes * Rate review 65 or older offends eligible seniors a range of preventative services with n o cost sharing and discounts on drugs. * Medicare preventative services * Medicare drug discounts * $250 â€Å"donut hole† rebate (2010) * Strengthening Medicare Employers; tax credits and new programs are now available to small businesses. * Small employer tax credits * Early Retiree Reinsurance Program (ERRP) The law will reshape the U. S. health care system by starting a financial incentive for physicians , hospitals and health care providers also will stop insurance companies from dropping you when you’re sick also reduces growth in healthcare spending. This new law gives women the same rates as men and gives seniors access to cheaper drugs. What is your opinion about the P. P. A. C. A overall? How did you develop that opinion? My opinion about the P. P. A. C. A is that I think that is a good start in trying to get our country out of debt we are so quick to criticize the money that is being spent on healthcare that we didn’t realize that before this bill came out we was $2 trillion in debt. I think that the new law is helping many all Americans instead of just a certain category of people. Many elderly people are now able to afford to pay for their medication and get insurance even though they have a sickness. I developed my opinion by reading the bill myself to understand what the key features are and how the law will help many Americans obtain healthcare with low cost, and quality for everyone. Which features of the P. P. A. C. A do you think will have the biggest effect on our health care system? I think that the pre existing condition plan will have a big effect on the health care system because many insurance companies have already been collecting money for the insurance plan that they thought was best for their customer the law states that the insurance company cannot drop them because they have become very sick to where their insurance won’t cover it. How to cite Final Paper, Essay examples