Always better control (ABC) Analysis

Always better control (ABC) Analysis Always better control (ABC) analysis has historically found application in inventory and materials control. Some scholars also refer to ABC analysis as Selective Inventory Control (Wild 39). ABC analysis is among the most established techniques in the field of business administration (Lun and Hung 157).The technique has proved useful in determining the frequency of counting various items.Advertising We will write a custom essay sample on Always better control (ABC) Analysis specifically for you for only $16.05 $11/page Learn More One of the leading policies governing ABC analysis is that items in category A are characterized by accurate records and tight control, while those in category B are characterized by good records and are less tightly controlled. In contrast, C items have the minimal records and have the simplest controls. As such, the various products in an organization can be arranged into three classes namely, A, B, and C. There are a lot of simil arities between the ABC analysis and the Preto principle in the sense that items in class ‘A’ represent a large portion of the cumulative value but a smaller percentage of items in use. For example, 20 percent of items in class ‘A’ could represent 70 percent of the value of items consumed in a year. On the other hand, 30 percent of items in class ‘B’ accounts for 25 percent of the value of items consumed in a year (Wild 40). Finally, in class ‘C’, 50 percent of items in this category accounts for just 5 percent of the value of items consumed in the category annually. What this means is that ABC analysis tries to separate the most important products (those in class A) from the less important products (those in classes B and C). ABC analysis presents us with a technique for categorizing items that have a huge effect on overall inventory control (Lun and Hung 158). The ABC analysis theory appears to suggest that different inventories of a firm are unequal in value (Wild 40). For this reason, they are grouped into various categories. The categorization of the items of an organization using the ABC analysis technique allows an organization to ascertain the worth of its inventory. Accordingly, the organization is in a position to make the necessary adjustments to such inventories. For example, Class A items could be checked periodically and shipments of items in this category recorded and tracked carefully. On the other hand, items in Class B get less attention that those in Class A, while items in Class C get the least attention as they are less valuable than those in Class A. One of the strengths of the ABC analysis is that it allows managers to exercise selective focus and control on a limited number of items, and more so when the manager is faced with less items.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Also, by concentrating mainly on the ‘A’ category, the materials manager is in a position to exercise control over inventories, in addition to demonstrating visible results within a short period of time. This also helps to identify obsolete stocks (Vollmann 89). The ABC analysis further allows the materials manager to reduce clerical costs, thereby leading to enhanced inventory turnover and planning. In terms of weaknesses, the system does not provide proper codification and standardization of the inventory items needed. It also becomes difficult to make periodic reviews when only the ABC analysis is recalled. Another weakness of the system is that it only takes into account the monetary value of items at the expense of the significance attached to items of functioning, assembly, or production process. Lun, Kee and Hung, Lai. Shipping and Logistics Management. London: Springer, 2010. Print. Vollmann, Thomas. Manufacturing planning and control systems for supply chain   management. New York: McGraw-Hill, 2005. Print. Wild, Tony. Best Practice in Inventory Management, 2nd Ed. Oxford: Butterworth Heinemann, 2002. Print.

67 Causal Essay Topics to Consider

67 Causal Essay Topics to Consider A causal essay is much like a cause and effect essay but there may be a subtle difference in the minds of some instructors who use the term causal essay for more complex topics, and the term cause and effect essay for  smaller or more straightforward topics. However, both terms describe essentially the same type of essay and the goal in both types of essays is the same – to come up with a list of events or factors (causes) that bring about a certain outcome (effect). How or why did something happen? It is important to make a clear connection between each cause and the ultimate effect. The most common problem students face in writing the causal essay is running out of causes to talk about.  It is helpful to sketch out an outline before you begin writing the first draft of your outline. Your essay should include a strong introduction, good transition statements, and a well-crafted conclusion. Topics to Consider You can use a topic from this list, or use the list as inspiration for your own idea. What conditions and events led to the Great Depression?What prompts a change in fashion trends?Why do some people fear darkness?How did some dinosaurs leave footprints?What causes criminal behavior?What causes people to rebel against authority?What conditions lead to a powerful hurricane?What developments led to regional accents in the United States?Why do good students become truant?What causes war?What factors can lead to birth defects?How are insurance rates determined?What factors can lead to obesity?What can cause evolution to occur?Why does unemployment rise?Why do some people develop multiple personalities?How does the structure of the earth change?What factors can cause bulimia nervosa?What makes a marriage fail?What developments and conditions led to the Declaration of Independence?What led to the decline of the automobile industry?What factors led to the decline of the Roman Empire?How did the Grand Canyon form?Why did slavery replace indentured servitude in the American co lonies? How has popular music been affected by technology?How has racial tolerance changed over time?What led to the Dot Com bubble burst?What causes the stock market to fall?How does scarring occur?How does soap work?What causes a surge in nationalism?Why do some bridges collapse?Why was Abraham Lincoln assassinated?How did we get the various versions of the Bible?What factors led to unionization?How does a tsunami form?What events and factors led to womens suffrage?Why did electric cars fail initially?How do animals become extinct?Why are some tornadoes more destructive than others?What factors led to the end of feudalism?What led to the Martian Panic in the 1930s?How did medicine change in the nineteenth century?How does gene therapy work?What factors can lead to famine?What factors led to the rise of democratic governments in the 18th century?How did baseball become a national pastime in the United States?What was the impact of Jim Crow laws on black citizens in the United States?What fa ctors led to the growth of imperialism? Why did the Salem Witch Trials take place?How did Adolf Hitler come to power?What can cause damage to your credit?How did the conservationism start?How did World War I start?How do germs spread and cause illness?How do we lose weight?How does road salt prevent accidents?What makes some tires grip better than others?What makes a computer run slowly?How does a car work?How has the news industry changed over time?What created Beatlemania?How did organized crime develop?What caused the obesity epidemic?How did grammar rules develop in the English language?Where do political parties come from?How did the Civil Rights movement begin?