Fedex Case Study on Creating Value - 1256 Words

BPSM (FedEx-UPS) Creating Value at FedEx and UPS From the companys founding close to 30 years ago, FedExs strategic competitiveness has been based on an obsession with, and careful nurturing of, delivery speed and reliability as its core competencies. These competencies have been critical to the pursuit of the opportunities that were associated with Frederick W. Smiths early vision of todays fast-cycle global economy. Believing that value could be added to business firms operations if they were to receive urgently required materials on an overnight basis, Smith pioneered what is seen as a fast and reliable, yet pricey, delivery system. Historically, the foundation of FedExs successful business model has been customers†¦show more content†¦An effective supply chain management system reduces the unpredictability of the firms operations. In turn, increased predictability reduces the firms need for the kind of expensive, rapid-fire delivery FedEx excels at providing. Being able to create value by managing its own supply chain can result in a competitive advantage for the firm. In response to changes in its external environment, as manifested by customers actions, FedEx is trying to recast itself as a major provider of the type of supply-chain management systems that now threaten the firms strategic competitiveness. Flowing from a newly designed strategic intent to become the most compelling end-to-end supply-chain solution provider in the industry, FedEx wants to design networks that client organizations can use to replace their inefficient telephone and fax transactions with digital exchanges of information. These exchanges will address a number of supply-chain management issues, including those of product demand, production schedules, and the availability of raw materials. Using its systems, FedEx believes, would create more value for the client firm than would a decision to develop and use its own supply-chain management system. FedEx thinks that, working at maximum effectiveness and efficiency, its system could enable some companies to eliminate their warehouses. In general, the FedEx system is planned to allow companies to outsource all or part of their supply-chain to a singleShow MoreRelatedCASE STUDY FEDEX VS UPS1461 Words   |  6 PagesCASE STUDY FEDEX VS UPS VS HYDER MUNAVER 29-MAR-05 The Introduction: In todays fast moving world delivery of packages, parcels, documents, goods in a timely and guaranteed manner is of absolute importance. With the fast moving trend of online businesses, auctions etc.. The need for fast and reliable package delivery is growing. The logistics industry has received globally, a lot of publicity regarding the industrys attitudes on, and actions in, corporate responsibility issues. The differentRead MoreStrategy Management/Case study/FedEx2379 Words   |  10 PagesTo assess FedEx case with Strategy Management, the first question should be asked is What is strategy? Johnson and Scholes said: Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations. How Strategy is Managed is why we study Strategic Management. In its broadest sense, strategic managementRead MoreFedex Paper6620 Words   |  27 PagesBlue = Leighton Red = Karissa Brown = Adam Black = Jane The Battle for Value, 2004: FedEx Corp. vs. United Parcel Service, Inc. FedEx will produce superior financial returns for shareowners by providing high value-added supply chain, transportation, business, and related information services through focused operating companies competing collectively, and managed collaboratively, under the respected FedEx brand. FedEx Mission Statement (Excerpt) We serve the evolving distribution, logisticsRead MoreCorporate Communication in Fedex5368 Words   |  22 PagesThe role of the Corporate Communication function in the organization A case of â€Å"best practice† FedEx Alessandro Colangelo * INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.p. 2 * RESEARCH QUESTION...........................................................................................................p. 3 * METHODOLOGY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..................................................................p. 3 * ANALYSIS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...p. 4 1. The close alignmentRead MoreEssay about Fedex Analysis3650 Words   |  15 PagesACCESSIBILITY 6 PART 2: FEDEX CORPORATION 7 5 COMPANY ANALYSIS 7 5.1 PRODUCTS AND SERVICES 7 5.2 STRUCTURE 7 5.3 STRATEGY 7 5.4 GENERIC POSITIONING 7 5.5 KEY STAKEHOLDERS 8 5.6 PERFORMANCE 8 5.6.1 Marketing 8 5.6.2 Operations 8 5.6.3 Human resources 8 5.6.4 Research and development 8 5.6.5 Information Technology 8 5.6.6 Finance 8 6 COMPETITORS ANALYSIS 10 7 SWOT ANALYSIS 11 7.1 STRENGTHS 11 7.2 WEAKNESSES 11 7.3 OPPORTUNITIES 12 7.4 THREATS 12 7.5 POSITIONING OF FEDEX 13 8 RECCOMMENDATIONRead MoreInside Fedex Express15684 Words   |  63 Pages2005-2006 Inside FedEx Express By Captain Gary Peterson 12 May 2006 Edited by Ms. Gerry Yemen Inside FedEx Express Introduction As a Secretary of Defense Corporate Fellow during 2005-2006, I was assigned to work at FedEx Express located in Memphis, Tennessee. FedEx Express provides time-critical delivery services and associated information assistance globally. It is one of several Operating Companies (OPCO) within FedEx Corporation. Other OPCOs include: FedEx Custom CriticalRead MoreFedex vs Ups26352 Words   |  106 PagesFEDEX VS UPS In today s fast moving world delivery of packages, parcels, documents, goods in a timely and guaranteed manner is of absolute importance. With the fast moving trend of online businesses, auctions etc., the need for fast and reliable package delivery is growing. The logistics industry has received globally, a lot of publicity regarding the industry s attitudes on, and actions in, corporate responsibility issues. The different stakeholder groups are interested in the logistics industryRead MoreHow Corporate Communication Influences Strategy Implementation, Reputation and the Corporate Brand: an Exploratory Qualitative Study Janis Forman Anderson School at Ucla, Los Angeles, Ca Paul A. Argenti Tuck School at10228 Words   |  41 Pagesof Mind How Corporate Communication Influences Strategy Implementation, Reputation and the Corporate Brand: An Exploratory Qualitative Study Janis Forman Anderson School at UCLA, Los Angeles, CA Paul A. Argenti Tuck School at Dartmouth, Amos Tuck School of Business, Dartmouth College, Hanover, NH ABSTRACT This paper reports the ï ¬ ndings of a qualitative ï ¬ eld study of ï ¬ ve ï ¬ rms from diverse industries on best practices in corporate communication, especially as they concern the links between a company’sRead MoreUsps Case Study Essay628 Words   |  3 PagesThe U.S. Postal Service Case Study 1. Why is it important for the U.S. Postal Service (USPS) to have a high volume of mail to process? It’s important for USPS to have a high volume of mail to process because USPS is the largest postal service in the world handling about 41% of the world’s mail volume. The second largest is Japan and they only handled 6% of the world’s mail volume, which is a way of showing how important and huge is USPS as a company and that shows the importance of being ableRead MoreCase Study of Federal Express Logistics Management6981 Words   |  28 PagesA detailed case study of Federal Express Logistics Management Submitted to:Meenakshi Negi | Submitted by:Chandan SinhaCharu SinghGagandeep KaurGaurav Sharma | FedEx is a supply chain company. We are very cognizant of trying to make our customers supply chain more efficient. But, at the same time, we became very focused on our internal supply chain. - Edith Kelly-Green, Vice President and Chief Sourcing Officer, FedEx Corporation. FedExs Supply Chain Services represents the best of the best

Sheldon And Eleanor Glueck s Research On 500 Juvenile...

Sheldon and Eleanor Glueck s conducted research on 500 juvenile delinquents, non-delinquents, and they also studied adult crime. They worked on this research for half a century, Sheldon was a professor at Harvard Law School during this time. The Gluecks were influenced by Dr. Richard Cabot, which lead the Professor and Eleanor to use Dr. Richards follow up studies of medical therapy, and then they were the first ones to apply this concept. It is very rare that the value of a piece of research is immediately appreciated, and that it does not sit and collect dust. The Glueck’s studies were unusual in size and they had an extensive follow-up and coverage, they also believe that factors from all disciplines are to be considered, including biological, psychological, and sociological factors. Sheldon Glueck was a Polish-American criminologist, him and his wife collaborated in large detail on research that was related to juvenile delinquency and developed what they called the Social Prediction Tables. The tables were a model for predicting the behavior of delinquency in youth. The Gluecks were also the first criminologists to carry out research on chronic juvenile offenders and they were among the first to examine what long term effects serious delinquents that were psychopathic could have. Eleanor Glueck on the other hand was an American social worker and criminologist, Eleanor was also awarded with a Parsons Memorial Award from the United Prison Association of Massachusetts

Auditing and Assurance Standard Global Finance

Question: Discuss about Auditing and Assurance Standard for Global Finance. Answer: Introduction and Background of Firm I am appointed as a senior auditor in the firm of EA Partners. The firm has make a decision to take on a new client and asked for me to compile a risk assessment report on the firm that is a major of the initial stage of the audit plan as well as preparation. The firm selected me to carry out the analysis because of I am very much familiar with the firm in which the firm is situated. Moreover, the firm also asked me to uncover the inherent risks of the new client. This paper would be helpful to come across the relevant inherent risks in an effective way. Also, the paper would also be helpful to recommend suitable control elements that may diminish the impact of those inherent risks on the firm in an appropriate and a more comprehensive manner. On the other hand, the global financial crisis as well as variances in worldwide financial conditions has demonstrated that risks are constantly accessible or present in the import export firm. Along with this, changes in directions of the nations created risks to the import export firm. Moreover, vacillation in the swapping scale could affect in the income and benefit of the business that makes risks of import export firm. Besides, import export firm also confronted the high rivalry in the worldwide markets because of extensive quantities of local as well as international firm accessible in the business sector that additionally make risks to the organizations (Manresa, 2010). Existing Risks of Import Export Firm The above section demonstrated the current risks of the import and export firm. Auditors will break down and assess of the officially existing dangers and control chance that are identified with inner control. Along with this, auditors will assess and distinguish risks that are affected the exchanges and money related report of the firm. Distinguish and underline risks in inspecting that record or reveal botches in inside controls because of misrepresentation, blunder and error. What's more, the risks related to export and import firm will affect the accomplishment of foreign business that is identified in this paper and that is distinguished in this paper (Cook, 2004). Inherent Risks of Import Export Firm There are numerous inherent risks that are related to the import and export firm. These risks are described as below: Exchange Rate Risk: The variances in swapping scale makes budgetary danger of import and fare firm. For instance, an American exporter offering merchandise in Japan and get installment from shipper in Yen however changes in return rates sways on its sum in US dollar that makes money related dangers of them since it affects its income and benefit of the business. Along with this, the development in return rates can influence the exporter additions or incomes that make risks to the business (Griffiths, 2016). The import and export firm should be focused on the swapping scale to control or decrease hazard on account of changes in coasting rate, cash esteem and conversion scale. In the event that swapping scale is high change then budgetary danger is high and it improves the danger of misfortunes on account of firm can't precisely valuation of remote coin (Homaifar, 2004). In this way, the auditor will arrange attempt to set distinguishing hazard low through contributing the recorded money related exchange on the swapping scale, while consider the worldwide standard of examining (ISA) 200. Legal Risk: The distinctions in the law of nations their organizations are trading and importing merchandise and administrations makes lawful risks to import export firms. In addition to this, it is supposed that, the business association should concentrate on comprehension the real contrasts since they can impact the general business of the firm specifically or in a roundabout way (Pickett, 2006). Additionally, it is also found that, if the agreement is connected by the exporter or merchant keeping in mind the end goal to deal or buys merchandise to an abroad purchaser, in this circumstance both shipper or exporter would need to comprehend what legitimate principles, directions and approach would be utilized or connected as a part of the circumstance of question. Moreover, every last lawful condition ought to likewise be specified in the agreement before composing it. Similarly, the business firm should comprehend and concentrate on the legitimate guidelines, structure and approaches before th e arrangement procedure in a powerful and more precise way (Maria, K. 2007). Control Risks of Import Export Firm The major control audit risks that are related to the import and export firm are described as below: Political Risks: In today's all the more difficult and aggressive business time, every single business firm must comprehend and think about the political dependability and circumstance of the remote organization before going into any business contract. Moreover, such sorts of perils (political risks) may be inspected through conflict like and political shakiness, normal strife, war, strikes et cetera. These variables also impact the business life of a nation conflictingly (Cannon, 2011). By taking the instance of political perils, there are distinctive nations over the overall world, for instance, Vietnam, North Korea that doesn't have much outside exchange remembering the finished objective to settle stock/organization. Similarly, such sorts of political threat can impact an association and its organization structure in another nation. Apart from this, it should furthermore be noted down that, if the exporter's trade items and organization with the remote customers that are standing up to the issues related to basic strife and war, in this condition the inherent risk would be high and they may defy the issues or issue associated with the portion (Gray Manson, 2007). Rivalry Risk: In the present time, hazard associated with the restriction is one of the genuine risks that impact the matter of charge and import. Basically, it may be said that, due to more contention in the business, distinctive affiliations/firms require benefits of negligible exertion costs. For example, China is one of the greatest nations that are depicted effortlessly of work and expenses to convey stock. Likewise, in light of the less costly cost of things or items, basic threat would be high (Auditing and Assurance Standard. 2002). What's more, Auditing Standard ASA 260 Communication with those blamed for Governance for controller to sort out and play out their review permit after genuine to apply the law with structures business and reflecting impacts, for case, size and proprietorship attributes. They are trademark peril and control chance as high, the evaluator will pick set low area risk in light of the fact that on the authorized development rights really perplex procedure relate wit h the law between business countries who sign contract with. An analyst will grow the level of reliance put with the bare essential that incorporate to the exchange trading and thing account under the law of authorized advancement right (Moeller, 2009). Detection Risk of Import Export Firm The major detection risks that are linked to the import and export firm are described as below: Product Risk: As we realize that, the import and export division is depicted with meandering of items/thing and organization and this firm business work under the different business circumstances. Despite this, it is in like manner watched that, each and every term or condition of the declaration should address the inquiry that how the things or items should be managed and what might be its impact on the limit (Garczynski, 2008). Also, the reviewer is totally competent to explore specific assertions identifying with the course of action and affirmation levels in the money related reporting and analyst's thought about the threat in the matter of whether a material misrepresentation on omission or blackmail according to Auditing Standard ASA 315 Identifying and Assessing the Risks of Material. In the same course, in the import and toll firm, the business firms would need to supplant or repair the thing rapidly (Australian Government Department of exchange commission. 2014). On the premise of these b usiness circumstances, it can be said that, inborn danger would be high for presence of shoes as they might be lost or stolen. Natural Risks: Business firms identified with the import and fare business ought to likewise think about the characteristic dangers. For instance, avalanches, quakes, avalanches, tempests, surges and volcanic emissions are the fundamental driver of normal dangers that have negative effect on the import and fare business (Pickett, 2005). Despite this, it is watched that, these sorts of threat can in like manner declares the amount of customers, scattering of thing and level of consequence of the affiliations. Plus, it is fundamental to the shippers and exporters that they should moreover charge thee well about such sorts of risks by getting intense and fitting frameworks and strategies in a fruitful and real way. Of course, on the reason of Auditing Standard ASA 320 Materiality in Planning and Performing and Audit, the analyst should make mastermind and direct their survey with the objective that they can minimize the level of trademark perils (Auditing and Assurance Standard. 2002). In addition to this, inherent risk as well as business risk identified with the audit risk that distinguishes the audit accomplices to decrease internal risk of firm to easily maintain the business. A wide range of risk for example, political, legal, rivalry, and so on survey by the audit partners to accomplish audit objectives in an effective and a significant manner. Control Elements to Mitigate the Impact of Risks There are some important control elements that play a significant role to mitigate the impact of risks effectively. These control elements are given as below: Guarantees: It is one of the critical and important procedures to decrease the danger. It is on the grounds that the assurances would help and bolster dealer and purchaser since it will create certainty amongst merchant and purchaser under the law and tax collection (Puncel, 2007). Direct Credit: As indicated by this, shipper and also exporter ought to make an attractive contract with the outside client. For instance, on the premise of this, a merchant would make conceded installment for a business receipt; in this circumstance the exporter ought to guarantee himself against the danger of non-installment or late installment (Johnstone, Gramling Rittenberg, 2015). Hedging Price: Fundamentally, this technique or strategy is understood as a value adjustment program that will diminish hazard connected with the value changes over the span of time (Chaumont, 2013). Conclusion/Recommendations On the premise of above study, it is outlined that, in the import and export business segment inherent risk assume a critical part and influence the elements of the business association. Notwithstanding this, it is prescribed that; this segment ought to concentrate on lessening the diverse sorts of risk by utilizing suitable systems. Additionally, the auditors and responsible people, for example, authoritative executives ought to concentrate on improvement of inward controls. Subsequently, associations ought to attempt to dodge diverse sorts of risks that can influence the general profitability of the business firms (Australian Government Auditing and Assurance Standards Board. 2014). References Auditing and Assurance Standard. (2002).Risk Assessments And Internal Control. Retrieved from: https://www.caalley.com/aas/aas06.html Australian Government Auditing and Assurance Standards Board (2014). Australian Auditing Standards. Retrieved from: https://www.auasb.gov.au/Pronouncements/Australian-Auditing-Standards.aspx Australian Government Department of trade commission (2014). Risk management of an import and export firm Risk management. Retrieved from: https://www.austrade.gov.au/Export/About-Exporting/Risk-management Cannon, D.L. (2011). CISA Certified Information Systems Auditor Study Guide. USA: John Wiley Sons. Chaumont, M. (2013). The risk-based audit approach: Auditing. GRIN Verlag. Cook, T.A. (2004). Mastering Import and Export Management. USA: AMACOM Div American Mgmt Assn. Garczynski, M.F. (2008). Knowledge-Based Audits of Health Care Entities. Australia: CCH. Gray, I., Manson, S. (2007). The Audit Process: Principles, Practice and Cases. Australia: Cengage Learning EMEA. Griffiths, P. (2016). Risk-Based Auditing. Australia: CRC Press. Homaifar, G. (2004). Managing Global Financial and Foreign Exchange Rate Risk. USA: John Wiley Sons. Johnstone, K., Gramling, A., Rittenberg, L.E. (2015). Auditing: A Risk Based-Approach to Conducting a Quality Audit. USA: Cengage Learning. Manresa, M. (2010). How to Open and Operate a Financially Successful Import Export Business. USA: Atlantic Publishing Company. Maria, K. (2007). What can affect an import and export company. Retrieved from: https://smallbusiness.chron.com/can-affect-import-export-company-43130.html Moeller, R.R. (2009). Brink's Modern Internal Auditing: A Common Body of Knowledge. UK: John Wiley Sons. Pickett, K.H.S. (2005). Auditing the Risk Management Process. USA: John Wiley Sons. Pickett, K.H.S. (2006). Audit Planning: A Risk-Based Approach. USA: John Wiley Sons. Puncel, L. (2007). Audit Procedures 2008. Australia: CCH.

Requirement Of Lease Capitalization Samples †MyAssignmenthelp.com

Question: Discuss about the Requirement Of Lease Capitalization. Answer: It needs to be mentioned that there are certain theoretical basis for requiring lessees for the capitalization of long-term leases. The first theoretical basis is the transfer of ownership. According to the requirement of lease capitalization, it provides the lessee with the ownership of the asset at the end of the lease term. In most of the cases of industrial leases, this particular aspect can be seen. The next basis is called the bargaining of purchase option. In case the agreement of lease provides the opportunity of transfer of ownership at the end of lease term, then the lessee has the power to capitalize the lease without any further consideration (Bohuov, 2015). In this particular case, the price of the leased asset must be less than the fair market value. The next basis of capitalization is lease term. In case the lease agreement provides neither transfer of ownership nor the power to purchase, the lessee will still be able to capitalize the lease asset if it cover 75% or mo re of the expected life time of the asset. This is considered as a major theoretical basis of capitalization for the lessee. The next basis of capitalization is present value. The lessee has the power to capitalize the lease in case the lease is equal to or more than 90% value of the asset. However, the lessee will not be able to capitalize the lease in case the lease term is less than 75% of the expected life of the leased asset (Singh, 2012). The next basis of capitalization is specialized assets. In case of some specialized assets, the lessee has the power to capitalize the leased asset. However, in this case, the aforementioned criteria of leases need to be met. As per the provided case study, SD International (SDI) plans to purchase a new building worth $25 million. However, due to the debt covenant of SDI with National Commercial Bank, SDI is facing difficulty to purchase the building. It can be seen that in case SDI purchase the building, the interest expense will be increased that will decrease the interest coverage ratio less than two (Barone, Birt Moya, 2014). For this reason, the financial controller of SDI has suggested the solution of leasing the new building. In this situation, it needs to be mentioned there are both advantages and disadvantages of this suggestion. In case SDI accepts this, then the expenses will be shown as rent expenses and it will not affect the interest coverage ratio from any aspect. However, in this case, the company has to bear lease expenses as the fixed expenses similar to the interest expenses. Thus, it can be seen that in both of the cases, SDI will have to bear the same amount of expenses. However, in case of leasing the building, the interest coverage ratio will not be affected (Jackling, Howieson Natoli, 2012). In addition, like financing the building, at the end of the lease term, SDI will get the ownership of the building. From the above discussion, it can be concluded that SDI should account for the lease in the suggested manner. References Barone, E., Birt, J., Moya, S. (2014). Lease accounting: a review of recent literature.Accounting in Europe,11(1), 35-54. Bohuov, H. (2015). Is Capitalization of Operating Lease Way to Increase of Comparability of Financial Statements Prepared in Accordance with IFRS and US GAAP?.Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis,63(2), 507-514. Jackling, B., Howieson, B., Natoli, R. (2012). Some implications of IFRS adoption for accounting education.Australian Accounting Review,22(4), 331-340. Singh, A. (2012). Proposed lease accounting changes: implications for the restaurant and retail industries.Journal of Hospitality Tourism Research,36(3), 335-365.