This ratio is calculated using the following formula: Operating profit margin = Earnings before interest and tax / Sales Revenue = $13,119,000 / $42,000,000 = 31.235% The Net Profit Margin is a profitability ratio that is indicative of the profitability levels of the company with regard to the net income in comparison to the revenues of the firm (Weygandt et al
In addition, there is a high risk for lack of completion of the project. Therefore, project Palomino is the recommended project for investment (Baker and English, 2011)
In this phase, all of the set tasks, duties and responsibilities will be initiated and undertaken by those assigned the roles. The tasks will be expected to be completed in the time frame given (Heldman, 2003)
The Key Deliverables Associated with the Selected Project In project management, the key deliverables of a project are the final product or services that are handed to the client. The deliverables more often than not have a due date, are specific, measurable and are tangible (Kloppenborg, 2014)
Integrated supply chain management can increase efficiency, and therefore overall performance (Stadtler, 2014). For example, data is needed from different departments to manage the process through the supply chain, including accurate forecasts from the sales department, production schedules and timing from operations, and effective logistics (Christopher, 2011)
Part B Schlumberger is a leading oil field services company, providing supply chain operations on a global basis, with revenue of $39.54 billion in 2011 (Cohen and Rousell, 2013)
Supply Chain Management Case Studies Case Takeaways The case study provides several takeaways (Dittmann, 2013); four of the most important, along with an explanation regarding why they are important are as follows; Ongoing monitoring and assessment should take place, reviewing both performance and measurements utilised, this is an important takeaway as it has been the inefficient supply chain that resulted in a Durable Industries losing a significant level of business, and a threat of losing more
The firm should assess the supply chain from the perspective of customers. This is important as it is well established that firms need to satisfy customer needs to retain business (Kotler & Keller, 2011)
2. Integrated supply chain management can increase efficiency, and therefore overall performance (Stadtler, 2014)
The contractor has to create a program for correcting the identified problems. The contractor should also, where necessary, come up with logical objectives to rate the success level of achieving the required result (American Association for Access, Equity and Diversity, 2015)
Among the simplest methods for the government to nurture and motivate small enterprises is the use of federal contracts. According to the 1953 Small Business Act, small enterprises need to get an equitable share of contracts by the federal government, and that those small enterprises must possess the most possible practical opportunity for participation in contracting with the central government (McVay, 2009)