Value Chain Analysis

value chain analysis Inbound Logistics Operations Marketing Service Outbound Logistics SAP , VCM SAP , CRM – DMS Strategic Alliances Transporters, Convoy Drivers Association Dealer Network, Marketing Research Firms, Vehicle Financing Regional Warehouses, Dealer Workshops, Distributors, TASS 9 Value Chain Analysis: Tata Motors Inbound Logistics Long term contract with service provider’s – transporters and agents Personnel at regional offices for over seeing the smooth transit of goods Transparency and monitoring through deployment of IT – all transactions through SAP DTL supplies for critical high value items. Efficient storage facilities – easy storage and retrieval Operations Capital Equipment Manufacturing division – tooling development capabilities of global standard. Apprentice Trainee Course – ensuring stable source of skilled manpower. Kaizen & TPM team – continuous drive to improve efficiencies. Automated manufacturing processes. Distributed manufacturing – Assembly units at South Africa, Thailand, Bangladesh, Brazil etc Maintenance – technical competence Capacity Utilization – Mercedes Benz cars make use of Tata Motors paint shop facilities. Outbound Logistics Stockyards, all across the country Long term contracts with transporters – higher volume of business to transporters ensures competitive price. Regional Sales Office and Vehicle Dispatch Section linked through SAP. Efficient security system for prevention of any kind of pilferage Marketing and Sales Structured approach to understanding the requirements of individual customers – QFD’s conducted at regular intervals. Clear identification of product requirements, leading to development of innovative products – Tata 207 DI, Tata Ace Pan India presence and global footprint. Independent teams for addressing the requirements of institutional customers – Defense, State Transport Units Helping to augment the scarce resources – Fiat selling vehicles through Tata dealerships, in return Tata has access to Fiat’s technology and unutilized capacity. Quick assessment of the changing market dynamics and consumer preferences – Tata 407 LCV Large network of dealers – use of technology : DMS. Service Easy availability of spare parts Efficient collection of data from field and communication to the respective plants Pan India presence, as well as global presence. Large network of workshops – Dealer workshops and TASS Training facilities – for dealer end and TASS personnel Procurement E procurement initiative Global Sourcing Team – China, a key destination for sourcing essential items like tires, power steering units etc. , Steel procured from Belarus Long term relationships with a stable and loyal pool of suppliers Technology driven procurement – SAP and VCM Strategic subsidiaries & JV’s – TACO group of companies, Tata Cummins Centralized Strategic Sourcing for key components – FIP’s, Steel etc Group resources – Tata Steel and Tata International Localized supplier base at mfg. locations – low inventory levels Value Chain Analysis value chain analysis Inbound Logistics Operations Marketing Service Outbound Logistics SAP , VCM SAP , CRM – DMS Strategic Alliances Transporters, Convoy Drivers Association Dealer Network, Marketing Research Firms, Vehicle Financing Regional Warehouses, Dealer Workshops, Distributors, TASS 9 Value Chain Analysis: Tata Motors Inbound Logistics Long term contract with service provider’s – transporters and agents Personnel at regional offices for over seeing the smooth transit of goods Transparency and monitoring through deployment of IT – all transactions through SAP DTL supplies for critical high value items. Efficient storage facilities – easy storage and retrieval Operations Capital Equipment Manufacturing division – tooling development capabilities of global standard. Apprentice Trainee Course – ensuring stable source of skilled manpower. Kaizen & TPM team – continuous drive to improve efficiencies. Automated manufacturing processes. Distributed manufacturing – Assembly units at South Africa, Thailand, Bangladesh, Brazil etc Maintenance – technical competence Capacity Utilization – Mercedes Benz cars make use of Tata Motors paint shop facilities. Outbound Logistics Stockyards, all across the country Long term contracts with transporters – higher volume of business to transporters ensures competitive price. Regional Sales Office and Vehicle Dispatch Section linked through SAP. Efficient security system for prevention of any kind of pilferage Marketing and Sales Structured approach to understanding the requirements of individual customers – QFD’s conducted at regular intervals. Clear identification of product requirements, leading to development of innovative products – Tata 207 DI, Tata Ace Pan India presence and global footprint. Independent teams for addressing the requirements of institutional customers – Defense, State Transport Units Helping to augment the scarce resources – Fiat selling vehicles through Tata dealerships, in return Tata has access to Fiat’s technology and unutilized capacity. Quick assessment of the changing market dynamics and consumer preferences – Tata 407 LCV Large network of dealers – use of technology : DMS. Service Easy availability of spare parts Efficient collection of data from field and communication to the respective plants Pan India presence, as well as global presence. Large network of workshops – Dealer workshops and TASS Training facilities – for dealer end and TASS personnel Procurement E procurement initiative Global Sourcing Team – China, a key destination for sourcing essential items like tires, power steering units etc. , Steel procured from Belarus Long term relationships with a stable and loyal pool of suppliers Technology driven procurement – SAP and VCM Strategic subsidiaries & JV’s – TACO group of companies, Tata Cummins Centralized Strategic Sourcing for key components – FIP’s, Steel etc Group resources – Tata Steel and Tata International Localized supplier base at mfg. locations – low inventory levels

Payroll Department

Chapter 1 INTRODUCTION Background of the Study The manual process of payroll system comes with a step by step procedure, first is to establish a timecard system where employees fill out a timesheet or use a time clock. Use timesheets that contain unfilled slots for regular, vacation, personal or sick time. Create a separate filing system for all timecards submitted. If employer have salaried employees, create a log with the salary amount each employee should be paid each pay-period (Grace, 2012).According to the definition of Roos (2005) a payroll system involves everything that has to do with the payment of employees and the filing of employment taxes. This includes keeping track of hours, calculating  wages, withholding taxes and other  deductions, printing and delivering checks and paying employment taxes to the government. In addition, payroll system enables the employer to process its payroll through a computerized system. As stated by McGraw (2009), payroll is the sum of al l financial records of salaries for an employee, wages, bonuses and deductions.Payroll plays a major role in a company for several reasons. From an ethics in business viewpoint payroll is a critical department as employees are responsive to payroll errors and irregularities: good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner. A payroll system is the method used by payroll professionals to pay employees for their services.Regardless of the type of system used, there are basic functions that must be performed–calculation of hours worked, deductions, personal information and benefits. Payroll system allows the employer to perform the tasks necessary to ensure accurate and timely paychecks. Through the payroll system the employer creates procedures that coordinate the payroll department with these other departments. In addition, it assists human resources with tracking employee's benefit days, such as vacation time, personal time and sick time.Payroll system often has the ability to automatically transport employee punches/swipes from the timekeeping system into the payroll system automatically (Trias, 2011). It is really inescapable fact that having a manual procedure in creating payroll system takes a long time to finish a certain task because of the many steps and processes that should be taken. There is the collection of data such as daily time record, remittances, and individual manual calculation of payroll. Individual data is transferred through sheets, encoding and double checking after calculating.All this process requires labor and effort to complete the task (Quidgara, 2009). A manual payroll system requires that the payroll be processed by hand and is therefore a considerably slower procedure tha n an automated system. The former makes payroll processing simpler, and reduces errors, which are more likely with the manual system (Grace (n. d)). Manual payroll system requires payroll processing to be done completely by hand. Therefore, time card, wages and payroll, tax computations, wage garnishment and voluntary deductions are done manually.Furthermore, paychecks and pay stubs are handwritten or printed on a typewriter. The main disadvantage with this system is its high room for errors. The more manual computations the payroll representative has to make, the more errors she’s prone to make. Furthermore, it’s time-consuming because to ensure the payroll is accurate, she has to triple-check the data before printing checks. Even then, it’s possible to miss errors. Paper filing is required with this system, which can create clutter.Furthermore, if the payroll representative does not understand how to calculate payroll taxes manually, erroneous tax withholding, reporting and payment occur. This can result in penalties from federal and state tax agencies (Grace n. d). According to Schievelbein (n. d)The Department of the Interior, National Business Center’s (NBC) Federal Personnel/Payroll System (FPPS) is a modern, mainframe-based, portable, integrated, on-line, and real-time personnel and payroll system. The system provides personnel and payroll support to numerous agencies.The system is customer-driven, creating and generating the full life cycle of personnel transactions, enabling agencies to maintain records electronically. FPPS handles all current regulations including specialized pay, garnishments, special appointment programs, and more. FPPS was developed by the NBC using state-of-the-art database technology, fourth-generation language, structured development methodology, and computer-aided software engineering tools for robust performance and ease of maintenance.FPPS is a highly sophisticated and comprehensive database manag ement system providing an extensive array of human resources (HR) and payroll automation support within its core, including requirements prescribed by client agencies, the NBC's centralized Payroll Operations Division (POD), and the Office of Personnel Management (OPM). The FPPS application supports Requesting Office, Time and Attendance (T&A input), Servicing Personnel Office, Security, Time &Attendance Maintenance, and Pay Maintenance commands for Federal employees and Emergency Workers (Casuals).All data is defined in a single database which eliminates redundancy and multiple update routines. The single database concept also provides for ease of maintenance and ensures data integrity. Security is controlled by the customer and is sufficiently flexible to support all business processes. The system is table-driven to facilitate real-time data updates and maintenance. Many of these tables are on-line for customer use. FPPS also offers all required electronic interfaces with the U. S . Treasury, OPM, National Finance Center (NFC), and various accounting systems.The system offers extensive data warehousing capabilities. In an Automated  Payroll System, companies offer computer  software  that will assist you in processing payroll. You will need to input information for each employee when he is hired, but after that, the  software  will calculate payroll taxes and other deductions automatically. The advantages of this type of payroll system are numerous: Fewer potential mistakes and less time spent processing payroll. In addition, employees can be trained to run the rogram more easily, so you won't need to depend on just one person to process payroll (Richerd, 2008). A computerized payroll system saves on time and lowers your error ratio. You can enter payroll payment information quicker than with a manual system, and run payroll registers to double-check your information before printing the checks. This allows you to detect errors and adjust them before hand. Additionally, computerized payrolls simplify tax processing by computing the data for you and allowing you to do bulk print runs (Grace, n. d). A study of Marata (2011), St.Peter’s College Employees Payroll System is a system that enables the employees of St. Peter College to view the information on their payroll in a computerized manner. Nowadays all establishments are becoming modernized; they use modern technology to make a transaction fast, easy, and accurate in order to avoid and lessen the time consumed, and having a modern technology in an establishment protects and secures confidential information. It also helps human to solve and understand complex problem and analysis such us the computational need of humans.Especially to business establishment or corporation or even schools in processing enormous data and complex transaction, payroll is an example of complex transaction because it is a critical business operation dealing with numerous accounts, and produces p lenty of confidential files. An automated payroll system will not only provide an accurate calculation and fast process of payroll transaction but it will secure data through security implementation and accordingly arrange files provided by a designed database that will produce a paperless environment and a tool to help a certain user to make everything in an orderly manner.The developers have decided to solve the problems in a way that we will create a system that will lessen the time in manually entering the formulas for every employee of St. Peter College and to organize all the paper works of the Accounting Department of St. Peter College. Now that technology had made great approach in organizations, institution and even private companies, Payroll System for Silverio’s Seafood and Restaurant is not an exemption. This company needs this technology.Silverio’s Seafood and Restaurant was founded on March 10, 1996, located at Arellano Bani, Dagupan City. It is being man aged by Ms. Theresa C. Neihum. With the use of the system, it can provide an accurate and reliable process of computation of the employee salary. Deduction of SSS, PhilHealth and others is automatically computed after data has been entered. In line with this project, the developers came up with payroll system for Silverios Seafoods and Restaurant which will raise the business standards to be more competitive.Through this integrated system, it will no longer have a burden in doing payroll transactions through the use of payroll system it will easily calculate the employee’s salary, deductions and by automatically generating a pay slip. It will help promote quality of service and avoid waste of time since there are no such longer delays in the computation of employee’s salary. Conceptual Framework In order to provide this study with its groundwork, the developers utilized the concept of Input-Process-Output. Figure 1. 1 shows the paradigm of the study entitled Payroll Sy stem for Silverio’s Seafood and Restaurant.The input parts of the research paradigm consist of the current procedure in payroll, hardware and software requirements and features of the proposed system and acceptability of the system. In the process variable, Waterfall model was chosen as the software development methodology which consists of the five phases such as requirement analysis and definition phase, system and software design phase, implementation and unit testing phase, verification and system testing phase and the operations and maintenance phase.The developers output for this project is the Payroll System for Silverio’s Seafoods and Restaurant. After gathering the needed inputs, the developers came up with the output which is the Payroll System for Silverio’s Seafood and Restaurant. Figure 1. 1 Schematic research paradigm for Payroll System for Siverio’s Seafoods and Restaurant Payroll System for Siverio’s Seafoods and Restaurant Waterfal l Methodology * Requirement Analysis and Definition Phase * System and Software Design Phase * Implementation and Unit Testing Phase * Verification and System Testing Phase Operations and Maintenance Phase 1. Current process in the payroll System. 2. Hardware and software requirements of the system. 3. The features of the system. Process Output Input Statement of the Objectives This project aimed to design, develop and test a Payroll System for Silverio’s Seafood and Restaurant. Specifically, it sought to meet the following objectives: 1. To identify the current procedure in payroll; 2. To identify the hardware and software requirements of the system; 3. To describe the features of the system; and 4.To test the acceptability of the system. Significance of the Study The main purpose of the study was to develop an efficient and reliable system that will be used by the Finance Department of Silverio’s Seafood and Restaurant in the generation of payroll of the employees. T he system will improve the manual process and provide accurate information in the company and will benefit the following entities: Silverio’s Seafood and Restaurant. The system can help the company accomplish their goals and objectives, to lessen the hassles in manual computation of employees salary.The computerized payroll system will help the Silverio’s Seafoods and Restaurant to have an integrated and organized process of managing and calculating salaries for the employees. Finance Department. The system reduces the slow process of computation of payroll for each employee. This provides an accurate and reliable process of generating payroll. Treasurer. By using the system, it will minimize the time consumed by the cashier in the computation of employee salaries and has an accurate and fast generation of payroll. Developers.This study will serve as training and experience for the developers. It will also enhance their knowledge on software development. Future Develop ers. For future developers, this project will serve as their references in conducting the same study. Through further reading, future developers can get ideas out of it that will guide them to create and accomplish their projects. Scope and Limitations The study focused on the development of the generation of payroll of employees which is computed based from the rate per day, overtime, gross, net pay, and deductions such as SSS and PhilHealth.An additional feature of the system is a log-in log-out process for security purpose. Other features include file maintenance which can add employee record, edit employee information, and generate pay slip for each employee. Computation of payroll is done every 15th and 30th day of the month. The system will exclude the monitoring of employees absences or tardiness or even daily time record and leaves-of-absences, as well as generation of report of leave of absences of each employee. Definition of TermsTo have better understanding of the terms used in this context. The following terminologies were defined. Calculate. Is a deliberate process for transforming one or more inputs into one or more results, with variable change. Deduction. The act of deducting or subtraction. Gross Pay. Is an  employee's  regular  remuneration  including  allowances,  overtime pay,  commissions, and bonuses, and any other  amounts, before any  deductions  are made. Net Pay. Portion of a  salary  or  wages  that an  employee  actually gets (takes home) after  paying  all  deductions  and taxes. Payroll. Total  amount  required  to  pay  workers  and  employees  during a  week,  month  or other  period. Payroll System. A payroll system involves everything that has to do with the payment of employees and the filing of employment taxes. Salary. Agreed-upon and regular compensation for  employment  that may be paid in any  frequency  but, in  common  practice, is paid on mon thly and not on hourly,  daily, weekly, or piece-work basis. Systems development life cycle.Systems development life cycle (SDLC) is a conceptual model used in  project management  that describes the stages involved in an information system development project, from an initial feasibility study through maintenance of the completed application. System. It is an automated or manual that comprises people machine and/or methods organize to collect, process, and disseminate data that represent userinformation. Waterfall Model. Waterfall model is a SDLC approach that assumes the various phases of a project can be carried out and completed entirely sequentially.

Merits of Devaluation of The Currency. Mechanism of correcting Assignment

Merits of Devaluation of The Currency. Mechanism of correcting deficits - Assignment Example UK suffered a huge current account deficit in 2008, as high as 3% of its GDP. Later the deficit was corrected with proper implication of currency devaluation (Pettinger 2009). 2. Mechanism of sustainable investment. Devaluation requires a higher amount of domestic currency for any foreign transaction. This makes it difficult for existing investors of country to switch or transfer their investment from the country that has devalued its currency. Because switching investment to foreign country may worth considerably lesser as compared to the current worth of investment. This will make the existing investors less likely to switch their investment. Hence devaluation ensures sustenance of existing investment in the country. 3. Mechanism of economic growth As mentioned earlier, devaluation of country’s currency results in the soaring of exports and aggregate demand of country’s goods and services. This is likely to result in economic growth of the country at higher rates. 4. Increase in flow of capital A devaluing country facilitates foreign investors in terms of its now relative cheap labor and a country that will stimulate demand, due to its strong export potential, due to devaluation. Hence devaluation provides motivation of higher profitability o the foreign investors and this is likely to result in the increase of capital flow in the devaluing country. China has long been having a devalued currency. China has become home to many manufacturing firms due its export facilitations and inexpensive production. It is mainly due to Chinese devalue exchange rate (News n economics 2010) Demerits of Devaluation of Currency 1. Increase in... It is evident from the study that devaluation is largely believed to correct the trade deficit and balance of payment deficit. Decrease in exchange rate of a country’s currency will render its products and services relatively cheaper for foreign buyers. This is likely to increase demand for country’s goods in foreign market and hence its exports will increase. Moreover devaluation will make foreign goods relatively dearer for domestic buyers and their demand is likely to decrease. This will reduce the imports in that country. Increased exports and reduced imports are likely to correct the trade deficit. This will also improve the current account deficit in Balance of payment accounts and will consequently correct the balance of payment deficit of the devaluing country. UK suffered a huge current account deficit in 2008, as high as 3% of its GDP. Later the deficit was corrected with proper implication of currency devaluation. Devaluation of currency renders imports deare r to the buyers of devaluing country. Since a country cannot produce everything, imports cannot be avoided. However if a country is supposed to import raw material for production of its certain goods it will make the cost of production higher. As a result those goods may not compete efficiently in foreign market as well as their domestic demand will decrease. Devaluation increases country’s exports. This means that it affects badly on the exports of other countries by making its goods cheaper in foreign market.

Crossing Cultures Essay Example | Topics and Well Written Essays - 1000 words

Crossing Cultures - Essay Example However, as the world begins to shrink, in relation to the expansion of international relationships, the question arises as to whether various cultural beliefs should be imposed on others in global society. There is the old adage suggesting to live and let live, emphasizing that what is deemed right for one individual may actually be perceived as totally wrong for another. This creates a debate as to whether a nation, such as the United States, who touts its own views regarding morality and culture on a global scale with strong conviction, should be allowed to dictate the nature of global human rights. Especially pertaining to women, many foreign nations believe that women must conform to a lesser position in society, thus they refuse women the equal rights of their male counterparts. Should the United States (or any other Westernized nation) be allowed to dictate global rights for women and use their authority to change foreign beliefs? This paper will answer this question. Traditional Muslim beliefs in the African nation of Sudan dictate that female genital mutilation is not only an acceptable practice, but is mandated by religious doctrine (Hosken, 2005). In many instances, Muslim men in Sudan will refuse to marry a girl who has not had her clitoris removed and her genitalia sewn closed (Hosken). In most Westernized countries, this would be a criminal offense punishable by years of imprisonment for sexual assault and mutilation of a juvenile, and would likely create an explosion of social outrage over the activity. Despite efforts of the World Health Organization (WHO) and the United Nations to prevent this genital mutilation as a method to promote global human rights, the practice continues to victimize innocent Sudanese women. It is relatively common knowledge that efforts of agencies such as the WHO and United

Western Art Essay Example | Topics and Well Written Essays - 750 words

Western Art - Essay Example Classical architecture is based on the ‘symbolism’; a unit which is designed by categorization is mainly by the type of column used. Each order use to designed from the column, plus its base, plinth, or pedestal (if any), the crowning feature of the shaft, and the attractive horizontal member that triumphs of column, divided into three bands—architrave, frieze, and cornice. The Greeks used to have three orders, to get progressively slimmer and more ornately decorated: Doric, Ionic, and Corinthian, named after regions of Greece in which they are said to have been first used. The Romans later added two more orders—Tuscan, a starker form of Doric, and Composite, the richest of all. It was the combination of the features of Ionic and Corinthian—but Corinthian was the representation of the great order of the imperial Rome. Vitruvius discussed the orders, and from this resulted in the revival of the idea which represented their proportions and detailing which were codified and demonstrated in countless architectural treatises. Neolithic architecture appeared around 5500 to 8000 BC but there has been some evidence indicating that early Neolithic architecture appeared as early as 10000 BC in Syria and Iraq. Early Neolithic people especially in Mesopotamia were great builders who primarily used mud bricks to raise houses. More often than not these houses were painted with intricate landscapes of humans and animals probably depicting the way life were led in those times. These people also made elaborate tombs for their dead, a very good example of which is the Mane Braz megalithic tomb in Brittany, France. Stonehenge  is a  primitive  monument  located in the  English  county of  Wiltshire, which is the most famous prehistoric sites of world; Stonehenge is  earthworks  surrounded with large standing stones in a circular setting.  Archaeologists  believed that the iconic stone monument was erected around 2500 BC. Now if we

Summary about singin in the rain movie Essay Example | Topics and Well Written Essays - 250 words

Summary about singin in the rain movie - Essay Example To her embarrassment from Don’s reaction, she aims a pie at him but hits Lina instead. Don and Kathy however reconcile and fall in love. A subsequent presentation at the party is however successful and the producer decides to change the movie into a talkie whose production process is challenged with the worst experience being Lina’s voice. The production is then changed, upon success, into a musical with Kathy dubbing Lina’s voice. This annoys Lina and she determines to end the relationship between Don and Kathy as well as diminishing Kathy’s credit in the production. Following the success of the production, the audience calls on Lina to make a live performance. Don, his friend Cosmo and the producer decides to let Lina sing on stage while they project Kathy’s voice to the audience from the powered microphone behind a curtain. Don, Cosmo and the producer then reveals Kathy by opening a curtain, to Lina’s embarrassment forcing her to flee from the stage. When Kathy tries to run away, Don stops her, introduces her as the real star before the two sings, and they later appear kissing on a billboard advertisement of the ‘singing in the rain’ film with Don and Kathy as the stars (Donen and Kelly,

Integumentary System Lab Report Example | Topics and Well Written Essays - 250 words

Integumentary System - Lab Report Example This occurs after the neuron has reached action potential and it is the time that is necessary before the neuron is ready to stimulate the movement of ions for another electrical charge. There are two different kinds of refractory periods: absolute and relative. Absolute refractory periods are when it is impossible to initiate another transmission of electrical charge after action potential is reached. Relative refractory periods are which transmission of another electrical charge is inhibited, but it is not impossible to initiate. There are three different states in which neurons must exist in order to produce neural communication: depolarization, repolarization and hyperpolarization. Depolarization is when the inside of the cell becomes more increasingly positive as ions move in and out. If there is enough movement of ions to create a large change in electrical potential, action potential will result. Repolarization occurs after depolarization and action potential have occurred. Du ring this, ions move back into the cell which causes it to be negative again. Hyperpolarization is when the cell becomes increasingly negative which can inhibit action potential from being reached which inhibits the cell from transmitting an electrochemical signal.