Improving a Supply Chain Management in Pharma Industry

Improving the supply chain performance moldovan vasilie , MD mail : moldovan@artelecom.net Table of Contents Abstract ..............................................................................................................3 Short description of the company .......................................................................4 Characteristics of the supply chain and logistics in pharma.................................5 Downstream supply chain in pharmaceuticals ..................................................7 Particularities of SCM in pharmaceutical field†¦show more content†¦The factory had to undergo a complete technological renewal, everything being disaffected, and during 2005 a new administrative office and a completely automated new factory have been built. The entire technological flow was GMP, GLP and ISO certified, such that in 2006, Infomed Fluids was the only producer on this niche, which was completely certified by the pharmaceutical authorities. The renewal of technology, the general management change, the introduction of a new modern informational system (SCALA) required a complete reconfiguration of the management of each department of the organization, including the logistics and supply chain departments, directly involved in ensuring market/customer satisfaction, and also in ensuring the competitive advantage of the factory with respect to other niche players and in creating added value to the investment of the stockholders. The company went through two implementation phases of the logistics and supply chain management, which will be described in this study, the changes being accomplished gradually, depending on the implementation of other management processing and on the technological and informational investments. The location of the factory – in the capital of the country, Bucharest, a city with almost 3 million inhabitants (almost 15% of the entire population of the country), a city with almost 50 hospitals (near 28% from the total number of hospital beds are locatedShow MoreRelatedCompany And Preliminary Accounting Analysis946 Words   |  4 PagesIndustry, Company and preliminary Accounting Analysis Industry Analysis To start the analysis of the industry, firstly the identification of which industry Blackmores is should be made. Since Blackmores is the company which identified as the natural health company, so the industry that Blackmores involved is the health care sector. 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Analysis Of The Movie The Backyard - 951 Words

In the booming metropolis of Los Angeles one small house is fighting to remain standing in an ever changing cityscape. This quiet home in Los Feliz is quite extraordinary, however. In the backyard of this dwelling stood the first Disney Studio. Although the backyard studio was moved to Garden Grove and turned into a museum, the remaining historic ties of the home should be enough to preserve such an important landmark in cinematic history. The 1914 Craftsman Bungalow in Los Feliz was the first residence of Walt Disney after his move to Los Angeles in his pursuit of becoming a film director. Walt lived with his Aunt Charlotte and Uncle Robert to whom he paid $5 a week in rent. After an unprosperous career as an actor and movie extra, Uncle Robert encouraged Walt to seek more steady employment. Roy Disney, brother of Walt, persuaded his brother to once again pursue animation as he had done at home in Kansas City. In the garage behind the house Walt created a makeshift studio for his early animations with Roy before the duo acquired a larger production facility across the street. The house remained an important part of Disney Family history and was the site of the Roy and Edna Disney wedding as shown in home videos available online. The residence remained in the Disney family for 30 more years. In May 2016 Sang Ho and Krystal Yoo bought the property with the intention of tearing it down and building a new two-story house on the site. The original property was deemed eligibleShow MoreRelatedO Brother Where Art Thou1597 Words   |  7 PagesTimothy O’Grady English 101 April 12, 2008 Film Analysis â€Å"O Brother Where Art Thou† This old time musical theatrical movie clip was an insightful blast from the past that made you cherish those days where it was inconceivable to not be a gentlemen, and it was a down right shame to be anything less then an honest women. 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Significance Financial Instruments Closure â€Myassignmenthelp.Com

Question: Discuss About The Significance Financial Instruments Closure? Answer: Introduation The IFRS structure determines two capital concepts; a financial concept of capital and a physical concept of capital. Financial concept of capital is the concept which is related to companys net assets and equity, whereas a physical concept of capital is a concept in which capital is related to the entitys productivity capacity (Bauer, O'Brien and Saeed, 2014). Further description of this concept is enumerated as below: Financial capital maintenance A financial concept of capital is the concept which is related to companys net assets and equity (van Mourik, 2014). While using a financial concept of capital, profit generation is only made if the net assets financial amount, during the ending period is larger than the beginning period of net assets, further is adjusted only for any distribution which was made to the owners at that the period. The major consideration provided by the users regarding the financial statements is with the financial capital maintenance of the company. This concept is supported by following two equations: Assets Liabilities = Equity Opening equity (net assets) + Profit Distributions = Closing equity (net assets) Physical capital maintenance A physical concept of capital is a concept in which entitys capital is based all upon on the production capacity, regarded on its output units. While using a physical concept, income is generated only if the entitys physical production capacity during ending period is more than the productivity during the beginning period, adjustment regarding any distributions will be paid to the owners at that period, or an increase in equity capital (McNeil, Frey and Embrechts, 2015). The major consideration provided by the users regarding the financial statements is with the productive capability maintenance of the company. A financial concept of capital must be implemented when the financial statement users is concerned about the capital investment maintenance or the purchasing capacity of the capital investment. A physical concept of capital must be implemented when the financial statement users is concerned about the entitys physical production capacity, and current value accounting. Profits are generally more during the implementation of the financial concept of capital as compared to the physical concept of capital, all because of inflation. The new and revised AASB 9 integrated the IASBs comprehensive work mentioned in Phase 1 of its project for the replacement of IAS 39 Financial Instruments: Recognition and Measurement (AASB 139 Financial Instruments: Recognition and Measurement) categorization and considerations of financial assets and liabilities. In addition to this, IASB comprehended its project on de-recognition of financial instruments (Bamber and McMeeking, 2016). This Standard is inclusive of requirements for the categorization and consideration of financial instruments, also the requirements of recognition and de-recognition for financial instruments. AASB 9 (issued in 2009) had only considered the requirements for the classification and measurement of financial assets which is consequential from the initial part of Phase 1 of the IASBs project which has objective to replace IAS 39 (AASB 139). AASB 9 Financial Instruments basically changes the means by which financial instruments are categorized and considered (inclusive of the measurements of provisions for impairment), and it also establishes extra flexibility in order to apply hedge accounting in a wider range of the activities of risk management (McMeeking and Bamber, 2015). This new and revised standard is likely to have wide consequences for entities across various industries, not just those in the sector of financial services. Current needs; Financial instruments will be shown on the basis of net approach only is an entity has an authorized enforceable right to compensate and aims to settle down on a net basis or recognize instruments at once. New and revised guidance Right to begin should be made available for balancing applicable rules Right is not conditional on future events The right should be legally enforceable in the regular course of business, bankruptcy, insolvent or default events. Before that there were four categories in accordance with AASB 139: first is the identification of fair value by PL, Second held to maturity, third loans and receivables and fourth financial assets for sale. AASB 9 contains two categories of financial assets which are Amortised cost and Fair value. In order to make an investment in equity tools, the amortised cost will not be applied, and the category of fair value category is applicable (Tahat and et al., 2016). According to this category, profit and loss of fair value are known in PL unless it is an element of hedging affiliation or its an equity tool investment (not for the trading purpose) and the company has made permanent elections to show profit and losses on that investment regarding other comprehensive income. If a company makes permanent elections for the equity instruments purchase, profits and losses must be realized in gain or loss. Once the election shows profit and loss in other comprehensive income, then it should be done the date of acquisition, it is significant for the business management to make a consideration of the policies and options of accounting previously for any purchases (McDonough and Shakespeare, 2015). While the election is completed on the basis of the item by item, mostly companys gives priority to the blanket policy choice, in which profit and loss on each investment will be presented in equity instruments in other comprehensive income. Left companies require to state choice on the basis of a case by case on the date of acquisition. For this purpose, the election is permanent and has no chance of change regarding assets life. Whilst AASB 9 allow firms to make permanent election to show profits and loss made on investments will be presented in equity instruments in other comprehensive income, it decreases instability in the total net gain for many and reduce the apparent instability in accounting for financial assets which are available for sale as per AASB 139 (Byrne, 2014). S Ltd has obtained total shares of $150,000 in Willett Ltd on the date 1 July 2015. The share showed the worth $170,000 on 30 June 2016. On 1 November 2016, S Ltd sold these shares for $200,000. Current AASB 139 treatment 2016 2017 $ $ Other income 0 50,000 Net Profit 0 50,000 Other comprehensive income 20,000 (20,000) Total Comprehensive income 20,000 30,000 Under AASB 9, the accounting implications, if S Ltd has used the permanent election to show profit and losses on that investment in other comprehensive income are as follows: AASB 9 OCI treatment 2016 2017 Other income $0.00 $0.00 Net Profit $0.00 $0.00 Other comprehensive income $20,000.00 $30,000.00 Total Comprehensive income $20,000.00 $30,000.00 Under AASB 9, the accounting implications if S Ltd had used no election are as follows. AASB 9 PL treatment 2016 2017 Other income $20,000.00 $30,000.00 Net Profit $20,000.00 $30,000.00 Other comprehensive income $0.00 $0.00 Total Comprehensive income[2] $20,000.00 $30,000.00 References Bauer, A.M., O'Brien, P.C. and Saeed, U., 2014. Reliability makes accounting relevant: a comment on the IASB Conceptual Framework project.Accounting in Europe,11(2), pp.211-217. van Mourik, C., 2014. The equity theories and the IASB conceptual framework.Accounting in Europe,11(2), pp.219-233. McNeil, A.J., Frey, R. and Embrechts, P., 2015.Quantitative risk management: Concepts, techniques and tools. Princeton university press. Bamber, M. and McMeeking, K., 2016. An examination of international accounting standard-setting due process and the implications for legitimacy.The British Accounting Review,48(1), pp.59-73. McMeeking, K.P. and Bamber, M.A., 2015. An examination of international accounting standard-setting due process and the implications for legitimacy. Tahat, Y.A., Dunne, T., Fifield, S. and Power, D.M., 2016. The impact of IFRS 7 on the significance of financial instruments disclosure.Accounting Research Journal,29(3), pp.241-273. McDonough, R.P. and Shakespeare, C.M., 2015. Fair value measurement capabilities, disclosure, and the perceived reliability of fair value estimates A discussion of Bhat and Ryan (2015).Accounting, Organizations and Society,46, pp.96-99. Byrne, L.T., 2014. Accounting for Financial Instruments: Difficulties with Fair Value Measurement and Reporting.

Discriminatory Essay Example For Students

Discriminatory Essay Equal Employment Opportunity ComplaintIn order for John to file a discrimination complaint against his employer, he is required to file a charge with the Equal Employment Opportunity Complaint counselor or representative of the company. Once the charge has been filed, an investigation is taken place, or the charge maybe selected to an EEOC program and maybe dismissed. In this case, John is given a certain number of days to file a lawsuit on his behalf. This process would have to go through several lengthy stages such as the EEOC administrative process. If gone to trial it must go through filing of a summons, response and answer, discovery process, enlisting of experts, pre-trial, actual trial and a possible appeal. In the EEOCs Charge Process, John must go to his EEOCs representative within this company and file a complaint. This is considered the administrative process. Pertinent information must be given about the plaintiff and defendant such as name, address and phone number, the date and a brief description of the charge. Once the charge has been filed the employer is notified that charges have been filed. The charge would be thoroughly investigated. A written description and date of alleged violation is requested again; interviews with people, documents are reviewed; and sometimes the facility is visited which the alleged discrimination occurred. As an alternative the charge may be assigned to the EEOC Mediation Program instead of an investigation, which both parties must consent to. If the mediation is unsuccessful, the charge returns back to investigation. There is a possibility that the charge be dismissed. If this is the case, John will be able to file a lawsuit on his behalf within 90 days. After given the notice of a right to sue from EEOC, John can then file a lawsuit within two years. This is where the statue of limitation comes into place. The suit must be filed within the discovery of the charge. John must then file a summons or a complaint in the appropriate court. Attached to the summons is a detailed complaint of the allegations and relief required in case. The defendant, Johns employer, will then receive the summons notifying them of the lawsuit. After the defendant receives the summons, they must respond by filing an answer or preliminary motion within the federal court or preliminary objection within the state court. The answer would state the allegations, which the defendant admits and denies. If the defendant fails to respond it is deemed admitted. The defendant at this time must plead any affirmative defenses and show that they are not liable because the affirmative defense rules out liability. The next step is the Discovery Process, which is the formal fact-finding stage of litigation. There are several different types of discovery processes: interrogatories, depositions, request to produce documents, physical and mental examinations and request for admissions. Both sides would then request additional information from the other party or third parties to develop their case. In most cases if privileged information is gathered, the opposing party does not have to produce this information. In addition to information gathered, the parties may be able to determine their opponents theories and strengths of their courtroom presentation. Based on their discovery plan and requests. Once the discovery process is completed, the Enlisting of Experts process is required. The plaintiff early in the pre-trial process to determine whether he has a viable claim must obtain this expert. The defendant will also obtain an expert to support the defendants theory of the case and refute the plain tiffs expert. After sufficient discovery has been made and experts are in place, either party may move for summary judgment. If the material at hand shows that there is no genuine issue as to a material fact, the court may rule and motion that there is no need for a formal trial. When either party files a motion for summary judgment, they will submit legal briefs to support their positions and the court may hold a hearing. The court may or may not deny motion. If denied, the court may grant partial summary judgment or grant summary judgment. A partial summary judgment would limit the scope of trial. .u95b19b81cc342c79e4940ee688e757b9 , .u95b19b81cc342c79e4940ee688e757b9 .postImageUrl , .u95b19b81cc342c79e4940ee688e757b9 .centered-text-area { min-height: 80px; position: relative; } .u95b19b81cc342c79e4940ee688e757b9 , .u95b19b81cc342c79e4940ee688e757b9:hover , .u95b19b81cc342c79e4940ee688e757b9:visited , .u95b19b81cc342c79e4940ee688e757b9:active { border:0!important; } .u95b19b81cc342c79e4940ee688e757b9 .clearfix:after { content: ""; display: table; clear: both; } .u95b19b81cc342c79e4940ee688e757b9 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u95b19b81cc342c79e4940ee688e757b9:active , .u95b19b81cc342c79e4940ee688e757b9:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u95b19b81cc342c79e4940ee688e757b9 .centered-text-area { width: 100%; position: relative ; } .u95b19b81cc342c79e4940ee688e757b9 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u95b19b81cc342c79e4940ee688e757b9 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u95b19b81cc342c79e4940ee688e757b9 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u95b19b81cc342c79e4940ee688e757b9:hover .ctaButton { background-color: #34495E!important; } .u95b19b81cc342c79e4940ee688e757b9 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u95b19b81cc342c79e4940ee688e757b9 .u95b19b81cc342c79e4940ee688e757b9-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u95b19b81cc342c79e4940ee688e757b9:after { content: ""; display: block; clear: both; } READ: The Lottery And The Cathedral Analysis EssayThe next stage is the Pre-Trial Conference or Settlement Conference