Corporate finance Essay Example | Topics and Well Written Essays - 2000 words - 3

Corporate account - Essay Example The company’s profits have likewise expanded over the previous year and this shows a degree of progress and bettered activities. The figuring of the CAPM features that Super Cheap Auto pays out a more significant level of return than the market while the base return expected by the investors is 9.30%. Likewise dependent on the figuring of the WACC, it has been noticed that the organization requires a base return of practically 10.50% from every single new venture and this is the rate to be used for the speculation evaluations later on. Very Cheap Auto manages retailing of vehicles in Australia and New Zealand. This paper targets breaking down the organization and talking about the money related parts of the organization. The paper will start with a diagram of the organization followed by the current exercises of the organization. The paper will likewise talk about the company’s capital structure and parts of obligation and value that the organization works with. Computation of the capital resource evaluating model and the weighted normal expense of capital of the organization will likewise be examined. Excessively Cheap Auto Group Limited is a retailer of vehicle items. The organization takes into account the business sectors of Australia and New Zealand and gives the nation amazing brands of vehicles just as car parts. The organization falls under the NAICS codes of 441310 †which manages the Automotive Parts and Accessories Stores. Likewise the SIC Codes that the organization works under are: 5013 †Motor Vehicles Supplies and New Parts Industry Report, 5531 †Auto and Home Supply Stores Industry Report and 5731 - Radio, Television, and Consumer Electronics Stores industry report (High Beam Business, 2010). The organization was begun as a car parts and extras retailer in Queensland in 1974. Throughout the years the organization has seen tremendous development and now works in more than 212 outlets and the in pretty much every state

Google Versus Microsoft Clash of the Technology Titans Free Essays

Google established by Larry Page, Sergey Brin and built up at 1998, they center around participation in internet providers and items, for example, search, programming and online notice and cell phone. Microsoft Corporation is a product company that improves fabricates, produce PC, gracefully, licenses and help assortment items and administration include to figuring. They are found by Bill Gate and Paul Allen at 1975, they are the most remarkable American programming organization worldwide and pull in different client. We will compose a custom exposition test on Google Versus Microsoft: Clash of the Technology Titans or then again any comparative theme just for you Request Now Microsoft and Google have been the most remarkable innovation brands worldwide in America up to this point. Them two have explicit highlights, accomplish available and pull in numerous clients on the planet. In any case, every one of them needs to be on the top and commands the innovation advertise so the contention is certainly occur. 1) Define and look at the business techniques and plans of action of Google and Microsoft. Google were just a pursuit organization around then, however with new framework PageRank search calculations which are broke down connection between sites by the quantity of explicit pages and the basic inside those pages. Likewise, with web based promoting administration, Google can acquire different benefits like posting the substance of any organization on the highest point of site, utilizing Pay-Per-Click (PPC, etc. Likewise, the organization degrees framework and receive procurement that license them to require the quickest pursuit paces and assortment of Web-based items. With those systems, they cause Google to turn into the best looking through assistance on the planet. Besides, Google accepts that online application will be huge organizations later on, in light of the fact that its middle ventures and search-promoting business develop. Additionally, with the advancement of web may permit registering errands so as to be implemented through the site, we can sit on PC and remote control just as spare server farms instead of our work area. It is called as distributed computing and it is center to Google’s plan of action pushing ahead. Microsoft accomplished available through the quality of its Window working framework and Office work area profitability applications. Likewise, they broaden their working framework and embrace securing bunches of organization to degree their situation just as produce different items that blend progressively explicit highlights. Moreover, they gracefully assortment programming for work areas and servers. They are additionally corporate with cell phone enterprises. Microsoft and its items are all things considered staples for organizations and clients hope to build up their profitability with PC. For the plan of action, Microsoft has accomplished in foundation the model of work area registering. Microsoft’s protest is innovative work the Internet however they have to persuade clients to continue utilizing the work area as the point of convergence for registering undertakings. 2) Has the Internet assumed control over the PC work area as the focal point of the activity? Why or why not? No, the web can't be taken over by the PC work area. As a result of, customer may utilize cell phone, scratch pad, etc so as to interface web quickly at anyplace. Particularly, 4G is as of late discharged so it permits client can get to web at the quickest speed or Wi-Fi is likewise a most ideal approach to associate web. With the beneficial outcome of web, client can spare, download and store information which is called as distributed computing or send information to other individual on our cell phone or scratch pad. In this manner, customer doesn't have to invest loads of energy in work area to perform registering undertakings. In this way, the web makes people’s life become simpler and agreeable. 3) Why has Microsoft endeavored to procure Yahoo? How can it influence its plan of action? Do you accept this is a decent move? Microsoft needs to secure Yahoo since they want to improve its Internet nearness. Yippee is web organization which is basic improvement in online interface, Search motor Yahoo, internet based life site, ad, Yahoo! New, etc, they are one of the most well known brand around the world. In this way, if Microsoft procures Yahoo, they can improve in advancement, news, administration, website composition. What's more, Microsoft needs to demolish the danger of a publicizing bargain among Google and Yahoo. Google is a one of the most perilous adversary to Microsoft. Additionally Google’s innovation continues improving and emerge heaps of benefit per search. Consequently Microsoft needs to decrease the improvement just as nearness of Google available. Going to Microsoft’s new objective, they should accomplish in enhance and disturb in search, win in show commercial, rehash gateway and internet based life encounters. Hurray is an organization that comprise these components and it appropriates to Microsoft’s crusade. They would concentrate on building up the web by gaining Yahoo. In any case, work area processing from Microsoft ought to be influenced on the grounds that the piece of the pie of work area available is diminishing altogether while the significant of web is more extensive. As a result, the piece of the overall industry in Microsoft would be gone down as well. As I would like to think, this is a decent move for Microsoft. In spite of the fact that, the quantity of client for work area registering is diminishing fundamentally yet in the event that they obtain effective Yahoo which is center around web. Microsoft can broaden their item and administration into new ways. Web is developing so quick step by step and pulling in countless clients around the world, so Microsoft ought to follow the necessities of clients to expand the piece of the pie just as income. 4) What is the hugeness of Google Apps to Google’s future achievement? Google Apps is a progression of Web-based applications that incorporate Gmail, quick informing, schedule, word preparing, introduction and spreadsheet applications (Google Docs) and instruments for building communitarian Web destinations. These frameworks are more easier and not unpredictable as opposed to Microsoft’s Office applications. Google offers those applications for nothing to emerge alluring and improve the Google’s nearness available. Then, client must compensation for Microsoft’s Office applications and they are very costly. In this way, with Google Apps, they can contend and limit the intensity of Microsoft. What's more, with the improvement of web, Google permit client download their application for nothing on web. Additionally, Google Apps communicate with Iphone, Galaxy S3,4 to carry their applications closer to customer. Google offers Premier versions which is cost $50 every year per client while Microsoft offers $500 per individual to claim their applications. In this way, Google offers a less expensive cost than Microsoft. Later on, Google Apps may draw in numerous buyer instead of Microsoft and assist Google with increasing more benefit and push up the intensity of Google. Be that as it may, Microsoft Office had been assembled and spent different dollars for a difficult year prior to inquire about and create, draw in countless client and they realize how to utilize these application. Thus, buyer might be difficult to change to Google Apps in light of the fact that it is another frameworks, client needs to figure out how to utilize it and most likely generative mistake at whenever. In this way, Microsoft Office is a major hindrance that forestalls the improvement of Google Apps later on. 5) Would you use Google Apps rather than Microsoft Office applications for figuring undertakings? Why or why not? No, I would not utilize Google Apps rather than Microsoft Office application. As I would like to think, Google Apps is a serious new framework, it is less complex and less expensive than Microsoft Office. Nonetheless, Google Apps is intended for clients who use processing task at the first run through. It is about principal form of Microsoft so shopper will figure out how to utilize registering task proficiency. Be that as it may, Microsoft Office had been existed for quite a while back and pulled in numerous shopper just as significant level of fulfillment. These days, the vast majority use Microsoft Office as their first decision, they can pay for them, and even it is very costly. In any case, the activity and framework from Microsoft Office are proficient and collaborate completely with figuring errands. In any event, when purchaser utilizes Macbook, Imac, they download programming from Microsoft like window 7, 8 to utilize Microsoft Office. In spite of the fact that, Apple make iWork yet there are little individuals utilize that framework. In this way, I will follow Microsoft Office and keep on utilizing it as my best decision. 6) Which organization and plan of action do you accept will win in the epic battle? Legitimize your answer Both of Microsoft and Google are the most well known available around the world. Microsoft has fabricated and created registering assignments for quite a while prior. Likewise, their item and administration are draw fascination from numerous clients, they fulfill consumer’s need and what they need. Likewise, Microsoft expands to versatile industry by coordinate with Nokia. They are additionally making loads of uncommon programming that numerous purchasers utilize, for example, window 7, 8, XP. Microsoft accepts that work area processing will rule the market later on yet with the created web, work area figuring is do not utilize anymore. Web is presently the most significant for shopper. Google is an organization that excellent being developed their item and administration identified with web. With web crawler, promoting, web-base, Google Apps, Google App Engine (permit developer makes their own application), they permit client performs processing task through web, client can utilize cell phone, journal to interface web and incorporate with these applications. With this plan of action of Google, they draw in different clients worldwide and improve the nearness of Google. Subsequently, Google may win in this contest contrast with Microsoft End Microsoft is more grounded being developed figuring errand, work area and programming. They have fulfilled customer and pulled in numerous clients. Be that as it may, Google makes all processing task through web. This is a thing that Microsoft can't be better t

Application project 1 Essay Example | Topics and Well Written Essays - 1250 words

Application venture 1 - Essay Example Promoting really can assist them with choosing the best thing. How else you would realize what toothpaste to pick. Do you have sufficient opportunity and cash to attempt all the items? Besides, new items show up every day, and the assignment of commercial is to educate purchasers regarding these progressions and enhancements. That is the reason promoting causes you to purchase precisely what you need. Speaker 1: Or it encourages you to purchase what you didn't require at all and, also, couldn't bear, however notice made you get it! That is the thing that I am discussing. Before Apple appearance no one idea that phones can be a piece of picture, and no one would accept that a student can set aside cash for snacks to purchase IPhone in light of the fact that she accepts that it will make her look at cooler without flinching of her companions. What's more, that is because of publicizing which doesn't advise however convinces purchasers with mental instruments. That is commercialization, when individuals quit picking deliberately however get affected by the intensity of brand which is made with the assistance of promotion. Speaker 2: Look, showcase has showed up when the progress showed up. Before Internet and TV period individuals were selling their items with the assistance of splendid signs which were subbed by TV and Internet ads. It is a straightforward development. What's more, all things considered individuals purchased the items which spoke to them most and were pertinent to their comprehension of value. The young lady with IPhone watches the remainder of the phones' advertisements, and has a free decision which one to purchase. It is only that Apple sells results of high caliber that are somewhat costly for understudies, yet the relationship among quality and cost is completely ordinary. Speaker 1: I comprehend your point, yet indeed before brilliant plugs individuals didn't understand what number of things they need! Have you seen these advertisements of beauty care products, dresses, devices with youthful and flawless models? Publicizing makes individuals imagine that

The Affordable Care Act Should be Reformed, not Repealed - 275 Words

The Affordable Care Act Should be Reformed, not Repealed (Research Paper Sample) Content: Students Name: Professors Name: Course: Date: The Affordable Care Act should be reformed, not repealed The Affordable Care Act, just like any other Federal Law, has its flaws. However, a close examination of the act reveals that Americans have benefited from affordable health services. Overall, the ACA has helped the government and policy makers to expand insurance cover and scope of health services. The move to adopt the ACA has been applauded by the majority of Americans who believe that it was an effective strategy that the government used to shift from a financing system to an institution that rewards health care providers for their ability to provide high quality services. Based on the pieces of evidences provided by researchers from different fields of studies, this paper argues in support of the statement the Affordable Care Act should be reformed, not repealed. Hardcastle et al. (317) in their article "Improving the Population's Health: the Affordable Care Act and the Importance of Integration" indicated that the primary goal of healthcare is to improve health outcomes through the provision of effective medical services. Furthermore, the researchers indicated that public health systems must remain committed to those plans that can improve the overall health of the population. While health care services receive huge funding and support from politicians and policymakers, public health in most cases are starved of resources. Therefore, the only way to reduce morbidity and mortality rates is by shifting the attention of politicians and policymakers to public health services. With ACA, the federal government has been able to maximize positive health outcomes. The integration of private health care and public health has also helped service provider to ensure equal distribution of resources and health services. In a different study, Saltzman, Christine, and Alain (2095) demonstrated that ACA is a reflection of the kind of dominance health care has over public health. The ACA has become an important tool used by the US government to enhance access to health care services mainly through reforms in insurance scheme. By repealing the ACA: (1) the US government will not have the opportunity to fulfil its primary goal of improving health outcomes; and (2) the government will simply be displaying its non-commitment overall health issues. Politicians will be proving to the entire world that they are driven by their desires and not the health needs of the population. On the contrary, Bauchner (29) in the article "Health Care in the United States: A Right or a Privilege indicated that the Affordable Care Act has negative economic and social effects on Americans. On the perspective of negative impacts, the researcher indicated that the increasing family premiums means that the employer-sponsored market will continue to operate at higher costs than the expected level. The increase in costs at base level will compel households to seek for alternative health care services. The same effect will be seen across individual markets where according to Eun-Cheol (750), the new rules and regulations will lead to a general increase in health premium for individual consumers and households. Despite all the contrary opinions, studies have shown that the ACA is an important factor towards effective health delivery. Therefore, repealing ACA means doing away with all the essential subsections touching on ObamaCare, Medicaid, and Medicare. In other words, the Affordable Care Act should be ...

Relationship Between Transformational And Transformational...

The relationship and transformational theories of leadership are aligned with my personal development plan because the Multifactorial Leadership Questionnaire (MLQ) test result shown me high score on the leadership characters, which, indicate that I have charismatic and inspirational leadership qualities. Next, test scores suggestive of individualized consideration (role modelling), intellectual stimulation (assumptions solutions), and contingent (creating opportunity). When I understood the transformational leadership theory, then I realized that, Transformational leadership is a process that modify and transforms people. It concerns with emotions, values, ethics, and long-term goals. Transformational leadership is concerned with†¦show more content†¦Finally, doing this will provide the greatest satisfaction for the workers and ultimately, who are satisfied with their work will most likely provide excellent productivity to the organization. The Authentic Leadership Self-Assessment Questionnaire (ALSAQ) result shows that I have a high authentic total score along with high scores on self-awareness, an internalized moral perspective, which evocative and providing meaning, challenge, taking responsibility. The balanced processing, and relational transparency, which indicates I value the equality and morality. All these features indicate authentic leadership is a complex process. If we look at the terminology defined by the books on authentic leadership. They wrote it is a complex as well as an interpersonal relational process based on many factors which nurtures its development. If we study the authentic leadership characters like passion, compassion, consistency and connectness with followers. Which shows authentic leadership as a process centered on the interactions between leaders and followers. ALSAQ result tells me that I have an authentic leadership behavior. I like authentic leadership from Martin Luther King Jr. because a sense of right and wrong being his guiding factor. Authentic leaders listen to the inner conscience to guide them in decision making and taking a stand on controversial issues. In this way,

Synthetic Psychoactive Drugs Commonly Called...

Amphetamines, a group of synthetic psychoactive drugs commonly called psychostimulants or central nervous system stimulants, were first synthesized by L. Edeleano, a German chemist in 1887 (Amphetamine). This group of drugs includes amphetamine, dextroamphetamine and methamphetamine. The racemic ÃŽ ±-methylphenethylamine, a version of amphetamine, was later discovered in 1910 by Dale and Barger (Heal). This version was synthesized in 1927 by G. A. Alles while trying to find an alternative for ephedrine. In 1935, Benzedrine was released onto the market as a treatment for narcolepsy, mild depression, and a multitude of other disorders. Two years later in 1937, the drug, now known by the generic name of ‘Amphetamine,’ became available for†¦show more content†¦Each airman would simply need the oversight of their commander and flight surgeon, as well has having routine physical examinations, explicit guidance for the circumstances under which the drugs could be us ed, and a signed consent form (Caldwell). In January of 1984 the use of amphetamines and â€Å"go-pills† were turned into Air Fore Regulation 161-33 (Jedick). Amphetamine, also known by the IUPAC name of 1-phenylopropan 2-amine, contains the functional groups methyl (CH3) and amine (NH2). These functional groups cause the drug to release the neurotransmitters dopamine, serotine and norepinephrine from the nerve endings in the brain (Iversen). This happens because of the similar structure to dopamine. Once the neurotransmitters have been released, the amphetamines cause a buildup of them around the synapse and plug the transporter molecules preventing their re-uptake. This causes a flooding of extra neurotransmitters in the brain. Since amphetamines are so similar in structure to dopamine, the drug is able to enter the terminal button through the neural membrane as well as through the dopamine transporters. The amphetamine molecules then trick the mind into believing that it is dopamine being taken up. Once in the presynaptic neuron, the amphetamines, disguised as dopamine, push the extra dopamine into the synaptic gap, and the transporte rs are forced to work in reverse, producing even

Supplier Relationship

Question: Write an essay on Supplier Relationship. Answer: Supplier relationship is one of the major concerns for any organization, in which reseller organization buys products from the supplier in order to resell the products. Sourcing and selecting the right suppliers and maintaining strong relationship with them are the main priorities of the retail organizations towards successfully running the organizations (Islam et al., 2013). The organization that is chosen for this study is Popular Holdings, which is a distributer and retailers of books in the local education market. The scandal that this organization has faced was to choose their preferred suppliers depending on their personal relationship and not depending on the quality and price of the products of the suppliers, which led to huge negative reputation in the market and even distressed suppliers attention (de Souza et al., 2014). The study will represent issues related to supplier selection criteria of this organization. The study will recommend appropriate criteria to be applied in the supplier selection criteria of this organization. Through analyzing the importance of ICT in purchasing operation, the study will demonstrate ICT in improving the purchasing operation of the organization. Lastly, the study will also recommend appropriate tools to be considered in analyzing the cost of purchasing of this organization. Key Information of Popular Holdings Popular Holdings is a renowned Singapore based retail organization that is engaged in publishing, distributing and retails different kinds of books in the local market of Singapore (Popularworld - Home. 2016). The organization operates in international markets through their subsidiaries in those markets. The organization also provides assessment titles, stationary products and multimedia products. It is the largest bookstore within Southeast Asia that has almost 143 retail outlets in all over the world (Thai, 2013). The organization has multiple number of sources from which the organization get multimedia sources and stationary products. The organization also uses global suppliers in getting books like autobiography. The main competitors of this organization are MPH Group and Page one that also design and sells different type of books in the market of Singapore. The goal of the organization is to provide quality books and multimedia products to the customers and provide it at value f or money price. The strategy of this organization can be seen in provide all newly published books and e-learning facility to the overseas students. The organization offers their products at affordable price because they value for the money of the customers. Supplier Selection Criteria Issue Popular Holding Group sells books, multimedia products and stationary products to the customers. Though the organization publish their own books and sell it the local market, the organization needs suppler in getting various type of story books for the adult customers. Apart from that, the organization also needs audiovisual products to be supplied by the suppliers. In order to match the syllabus of student of different countries, the organization needs international suppliers, who will provide books by matching the syllabus of the students (Sohal Rahman, 2013). Furthermore, the organization is trying to expand its business through providing foods and beverages to the customers. Manufacturing of these kinds of products would need extra cost, which will be too costly in operating the business. Therefore, the organization needs supplies of readymade products that this organization resells to the customers. The purchasing goal of this organization is to get quality products from the supplier so that it can meet the demand of the customers properly. Apart from that, the goal of purchasing is also to get the products at lowest cost so that it can minimize the cost of organization. However, the organization uses multiple source suppliers for getting different types of products in all the different areas of their business. In this situation, the organization is becoming failed towards maintaining good relationship with all the suppliers. The organization is not able in efficiently prioritizing their existing suppliers as their product standard. Apart from that, the organization has lack of information communication technology towards providing authentic inventory information to the global suppliers. Therefore, the suppliers are becoming failed in providing products timely and according to the needs of the organization. Lack of ability of the organization in prioritizing the supplier sometim es leads to wrong selection in terms of costly suppliers that increases the cost of the organization. Appropriate Criteria and Decision in supplier selection Cost Analyzing Cost analyzing of the suppliers should be one of the prime activities of Popular Holdings in selecting the suppliers from local as well as from global markets. The organization should look at the competitive pricing of the suppliers and thus, choose such supplier only who provides products at lowest cost so that cost of company is minimized (Fernie Sparks, 2014). The organization should also analyze the financial stability of the organization towards selecting right suppliers out of many suppliers. Quality and safety Not only should the price of the suppliers, but also Popular Holdings incorporate quality of the products of suppliers before purchasing the products from their suppliers. The organization sometimes faces quality issue due to immediate selection of suppliers and therefore, they do not get time for analyzing the quality of the products. In this way, the poor quality of the products may disappoint the customers by decreasing the customer value. The organization should maintain a safety standard for their product to be sold to the customers, so the purchasing manager should follow those standard in choosing the suppliers. Delivery Due to global selection business, the organization has to select suppliers globally. The organization has to select those suppliers only who will be able to timely deliver the products to the customers. This will increase the value of the products to the organization through keeping its time value. Service Popular Holdings should select the suppliers based on the ability of the suppliers in providing service on the products provided to the organization. If the products come from the supplier seems to have any issues, they should take it in return through promising to provide right products (Dyckhoff, Lackes Reese, 2013). Convenience The ways, the suppliers would provide the products, should be in convenient way. The organization should select the suppliers based on their convenience in providing the products. The organization should choose only those suppliers that use right vehicles towards providing timely delivery of products to the customers. Risk evaluation In order to evaluate the feasibility of the supplier selection, an organization has to evaluate the risk associated with it (Monczka et al., 2015). Popular Holdings should track all the records associated with the suppliers in identifying the risk with them and accordingly minimizing the risk through selecting right suppliers. Purchasing Management Concept for ICT According to Musso and Risso, (2013), the concerned organization has to effectively deal with both inbound and outbound logistics, which will eventually enhance the firms distribution system. On the other hand, Frehe and Teuteberg, (2014) pointed out that ICT tools help in centralizing and communicating with the suppliers in real time basis, which helps in improving the lead time management. Information communication technology (ICT) tools are highly important for accessing relevant and important information on time for getting competitive advantage over the competitor organizations (Frehe Teuteberg, 2014). ICT tools will help the Popular Holdings in interacting with different other organization in terms of supply chain management through efficient data sharing, exchange of data in high speed towards meeting customer demands. Using ICT tool the organization will be able to provide timely information to the supplier organizations and thus, they will be able to provide timely delivery of the products to the customers. Apart from that, the ICT tools facilitate the organization in communicating authentic information about the inventory to the suppliers so that they can supply right amount of products to the organization (Fadiya et al., 2015). It will improve the purchasing operation of the organization through minimizing the waste of products due to overburden of supplied p roducts. ICT Tools Bar Code Tool Bar Code readers will be effectively useful in implementing automatic data capture system, which improves the accuracy and speed of data entry in the computers (Musso Risso, 2013). It will also improve in counting the raw materials stored in the inventory and count the finished goods. Thus, it will improve in accessing the exact amount of products needed from the suppliers. Apart from that, the bar code reader tools also can record the purchasing requirement of the organization 5 to 7 times quicker than the normal employees of the organization can, and thus, it would reduce the labor cost of the organization and increase the reliability of the organization in assuming demand of products to be purchased from suppliers. ICT tools also communicate the right motto of the organization with the supplier so that the supplier can provide products by meeting all the requirements of the customers. RFID ICT tool RFID ICT tool will facilitate Popular Holdings in bulk reading of organizational inventory. This technology will also help the organization in tracing the products throughout the process of supply chain management. ICT tools also help in reducing the cost of the supply chain management as it reduces the labor cost due to bulk reading of information of the organizational products (Tan et al., 2012). Purchasing Cost Analysis The concerned organization is not following centralized procurement technique and therefore redundancy of raw materials is quite evident. On the other hand, the organization is not well equipped with real time inventory monitoring through e-technology. The organization follows traditional inventory management techniques and therefore, the system is not proven to be up-to-date (Santos et al., 2016). The organization is basically multi-source based retail outlet, which is not completely aware of allocating and disintegrating its updated inventory. Therefore, in terms of corporate sustainability and minimizing wastage of procurement, the organization needs to incorporate certain techniques for purchasing cost analysis. Purchase Cost Techniques 4.1.1 Cost Analysis An organization needs to analyze preliminary the actual cost to purchase regarding the good that needs to be supplied (Chen Guo, 2015). This is because cost is related to storage, handling and delivery. The organization needs to centralize the types of sources of supply so that handling cost does not exceed further in terms of human resource. The actual cost of procurement is consisted of cost of supplies and cost of handling, where the later must not exceed more than 7 percent than the earlier (Simchi-Levi et al., 2013). Maverick Spending An organization that follows purchase requisition procedure, it eventually increases the cost of procurement (Fayard et al., 2012). Therefore, it is required for the organization to take care of the type of inventory management and implement ad hoc purchase technique in future. The maverick purchases will be identified and filtered out that will reduce the cost of procurement. Centralized Warehousing The organization follows multisource supply and therefore, each of the inventories is categorized. This has increased the purchasing cost for the organization. Therefore, it is recommended that the organization have to reduce the cost of purchasing by centralizing its warehousing so that handling cost is reduced. Activity Based Costing An organization needs to follow activity based costing so that the consumption cost of actual supplies is reduced (Kang, 2015). The cost of each day has to be organized in terms of concurrent activities, so that the final cost of handling inventory is reduced, which will be same for Popular Holdings. Bidding System The concerned organization has expanded from the past to a large extent and therefore, it has created good reputation in the market. Therefore, in order to reduce purchasing cost, it needs to follow bidding technique, where the lowest bid will be granted. The supplier with lowest cost will be granted and it will reduce the cost of inventory. Conclusion While concluding the study, it can be said that Popular Holdings has multiple source of suppliers and they are unable to maintain strong relationship with the suppliers. On the other hand, due to global sourcing of suppler, the organization is unable to provide timely information to them and prioritizing the suppliers. However, the organization can be able to mitigate this supplier selection issues through adopting appropriate supplier selection criteria. The organization will choose those suppliers, who will be able to provide quality products in timely manners with lowest price. In order to maintain consistent relationship with the suppliers, Popular Holdings should incorporate ICT tools in improving purchasing operation of the organization. ICT tool like bar code reader will facilitate the organization in automatic counting of raw materials in the inventory and accordingly place order of purchasing to suppliers. On the other hand, RFID would facilitate the organization in recordin g bulk information about the purchasing of the organization in shortest possible time. Purchasing cost analysis tools would facilitate the organization in prioritizing the suppliers to be selected in terms of cost benefit analysis. In order to analyze purchase cost, the organization should use centralized warehouse system that will keep record of each of the inventory of the organization. Activity based costing will reduce the give an accurate estimation of overall cost. References Chen, L., Guo, Z. (2015, September). Logistics Cost Control Performance Evaluation of Third Party Logistics Enterprises. InFifth International Conference on Transportation Engineering. de Souza, R., Goh, M., Lau, H. C., Ng, W. S., Tan, P. S. (2014). Collaborative urban logisticssynchronizing the last mile a Singapore research perspective.Procedia-Social and Behavioral Sciences,125, 422-431. Dyckhoff, H., Lackes, R., Reese, J. (Eds.). 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Logistics and supply chain management.Research in Transportation Economics,41(1), 3-16. Kang, M. (2015). Activity-based Costing Research on Enterprise Logistics Cost Management.Business and Management Research,4(2), p18. Monczka, R., Handfield, R., Giunipero, L., Patterson, J. (2015).Purchasing and supply chain management. Cengage Learning. Musso, F., Risso, M. (2013). ICT Innovation for Buyer-Seller Relationships in International Supply Chains. InDriving the Economy through Innovation and Entrepreneurship(pp. 659-670). Springer India. Popularworld - Home. (2016). Popularworld.com. Retrieved 10 June 2016, from https://www.popularworld.com/en/index.php Santos, T. F. D., Gonalves, A. T. P., Leite, M. S. A. (2016). Logistics cost management: insights on tools and operations.International Journal of Logistics Systems and Management,23(2), 171-188. Simchi-Levi, D., Chen, X., Bramel, J. (2013).The logic of logistics: theory, algorithms, and applications for logistics management. Springer Science Business Media. Sohal, A. S., Rahman, S. (2013). Use of third party logistics services: an Asia-Pacific perspective. InHandbook of Global Logistics(pp. 45-67). Springer New York. Tan, M. I. I., Razali, R. N., Desa, M. I. (2012). Factors influencing ICT adoption in halal transportations: A case study of Malaysian halal logistics service providers.International Journal of Computer Science Issues,9(1), 62-71. Thai, V. V. (2013). Logistics service quality: conceptual model and empirical evidence.International Journal of Logistics Research and Applications,16(2), 114-131. Watanuki, M. (2015). Review of logistics service regulations for freight forwarding businesses: what should be addressed for a better logistics regulatory framework?.World Bank Policy Research Working Paper, (7401).