Unethical Behavior Organizations Should Consider Christian...

In today’s business environment, consumers aware of unethical behavior affecting small and large-scale businesses. In most cases, organizations suffer damage reputation, shareholders options decline, revenue decline and employee moral suffers. In order to prevent unethical behavior organizations should consider Christian Principles when developing policies and procedures to prevent unethical behavior. The role of business in God’s creation is not only the institution that human beings operates in, it is an environment that people are task with carrying out specific duties and responsibilities according to specific laws and regulations. The paper will examine why business matters to God and concepts of Agnosticism, Annihilation, and Adoption. Business Matters to God According to Duzer (2012), In pursuit of God’s purpose, people need to understand the ethical limitations embedded naturally in design of the God’s creation. It is not enough too simply align our businesses purposes with God earthly design, without limitation we still fall short of Gods expectations. God’s creation purpose for business includes businesses that serve the community in a positive way that strides to serve all citizens according to God’s plan. For example, a business might be able to produce more goods and services that would enable the community to flourish. It might create more vocationally rich jobs for its employees by disregarding its duty to provide return to its shareholders (Duzer,

Death Penalty Essay - 1521 Words

I.nbsp;nbsp;nbsp;nbsp;nbsp;After spending ten long years on death row, he is escorted today by the warden down the dimly lit white hallway to the room in which judgement day will finally arrive. As he moves closer, he begins to regret having led a violent life of crime and murder that had caused him to be sentenced to death so long ago. The door finally opens, and there he stands face to face with â€Å"old sparky†, a.k.a. the electric chair. He is strapped in and a leather helmet containing a wet sponge is placed over his head along with a brass liner that functions as an entry electrode through which nearly 2500 volts of electricity will pass. The exit electrode- a band of brass also with a soaked sponge- is attached to the prisoner’s†¦show more content†¦Generally, colonies authorized capital punishment for a smaller number of offenses than English law allowed, but all colonies authorized public execution as mandatory punishment for some crimes against the s tate, people, or property. Massachusetts was the first American jurisdiction to prohibit cruel and unusual punishments with its adoption of the Massachusetts Body of Liberties in 1641. The Puritans, however, did not consider execution cruel and unusual punishment, and even authorized it for some religious offenses (Smith 2). III.nbsp;nbsp;nbsp;nbsp;nbsp;Even though capital punishment has been practiced in the US since Colonial times, many people believe that the death penalty is unconstitutional and should be completely abolished in the United States. They believe that one of the alternatives to death sentencing is jailing offenders for the rest of their lives without the chance of parole, commonly known as â€Å"life without parole† or LWOP. However, capital punishment contains many advantages over LWOP and other forms of punishment for murderers. IV.nbsp;nbsp;nbsp;nbsp;nbsp;The death penalty is both constitutional and morally right. It is true that prisons serve in reforming criminals, but in certain cases where the offender is unmistakably guilty and has a history of violent behavior, society has the right to demand the ultimate punishment to ensure their own safety. It is all tooShow MoreRelatedPro Death Penalty Speech1482 Words   |  6 Pagesintroduce myself before we get started. My name is Slick Perry and if you didn’t already know, I am the state governor of Texas. You are all aware that we are reviewing our recidivism rate to various crimes and reviewing our stance regarding the death penalty as we approach 2009. Everyone here understands that capital punishment is a very controversial topic in the United States. In Texas, from December 1982 through August 2008, only 361 criminals of the millions of Texans in our good state were executedRead MoreThe Truth About The Death Penalty973 Words   |  4 Pages In her article â€Å"The Truth About The Death Penalty†, Carina Kolodny argues that the death penalty should be abolished in all fifty states due to the fact that it is ineffective and very expensive. Kolodny believes that capital punishment has too many complications and variables that cause it be more of an issue than a real solution for capital offenses. She proposes that the death penalty should be dropped and exchanged for better programs such as Proposition 34, which replaces capital punishmentRead MoreThe Bible and Death Penal ty Essay example812 Words   |  4 Pagesa person’s view of the Bible influence what they think about the death penalty for murderers.† I would like to see if a person’s view of the bible influence what they think of the death penalty. This is interesting to me because I am interested in the field of criminal justice and the death penalty is a huge topic to this day. There are many journals that talk about studies that were done on religion and views of the death penalty which have to do with my topic of interest. My hypothesis is thatRead MoreEssay on Death Penalty: Capital Punishment and Violent Crime1570 Words   |  7 PagesCapital Punishment and Violent Crime Hypothesis Most Americans are pro-death penalty, even though they dont really believe that it is an effective deterrent to violent crime. Those who are pro-death penalty will remain so, even if faced with the best arguments of anti-death penalty activists and told to assume the arguments were absolutely true. Violent crime Violent crime is a major problem in the United States. According to the ACLU, the violent crime rate rose sixty-one percentRead MoreEssay on Article Analysis: OSullivans View of the Death Penalty1536 Words   |  7 PagesBritain should have the death penalty. O’Sullivan addresses all the main counter arguments when explain to his audience his conclusion. His supporting evidence includes death penalty decisions in history and several other statistics. Emotionally terms, faulty cause and effects scenarios, and either/or point of views are other ways the author conveys his opinion to the audience. The article begins with an overall theme threw out O’Sullivan’s piece: does the death penalty appropriately punishRead MoreThe Death Penalty Is Justified1143 Words   |  5 PagesAllison Shu 2/25/16 Period 2 Objective paper on the death penalty Capital punishment is legally authorized killing as punishment for a crime. The death penalty questions the morality of killing a person as justification for their crime. It also brings to question whether the death penalty actually serves as a deterrent for crime, and that some of the people executed are found innocent afterwards. The debates over the constitutionality of the death penalty and whether capital punishment should be usedRead MoreThe Death Penalty For Juveniles946 Words   |  4 Pages The death penalty for minors differs greatly from the death penalty for adult. The law that minor could be put on death row was decided to rule against the eighth amendment. The eighth amendment prohibits the act of â€Å"cruel and unusual punishment† which putting minors on death row breaks. On March 4, 2005 the law that minors could not be put on death row for their actions was set into place. The new laws say, â€Å"They cannot punish a minor by death penalty and they cannot punish someone for a crimeRead MoreShould The Death Penalty Be Mandatory?925 Words   |  4 Pagesopinions on the subject. When we were discussing the death penalty although my opinion didn’t change, after hearing what some of my classmates had to say about the subject during our lab I was able to respectfully see why they had those thoughts and feelings about the subject. I believe that we should have the death penalty, and that it helps prevents more crime from happening. However, during our lab students that thought we should ban the death penalty had some pretty interesting reasons behind theirRead MoreThe Death Penalty Should Be Legal1805 Words   |  8 Pagesthat we all know is the death penalty. This penalty has been going around for years. To many people it might be the best way of punishing a person. On the other hand there are people who think that if you kill a person you should be sentenced to die as well. For me I would say it might not be the best way and it not working as many would like it. When choosing if you are for the death penalty you have to okay with an insect person dyei ng or even a family member being in death row. I know that is somethingRead MoreThe Death Penalty : An Effective Reliable Tool904 Words   |  4 Pagesthe death penalty has been a frequent topic of discussion, as our recent technological advancements have evidently led individuals to consider the â€Å"new found† legitimacy of our court systems, as statistics display that our previous racial bias and the apparent morality of the practice itself have a miniscule impact on our conviction rate. Both the advancements and ethics that the death penalty provides become apparent through the utilization of anecdotes and statistics, as the death penalty has prevailed

The Case Scenario

Question: Explain The case scenario of Strong Built Construction Company. Answer: The case scenario of Strong Built Construction Company elucidates a detailed understanding of the intertwined nature of work environment, employee motivation and compensation policies that together triggers organisational success. The companys profitability as well as compensation has also been analysed to understand its present as well as future prospects of growth and sustainability perspectives in the global world. When other companies under construction industry were suffering from massively declining revenues, Strong Built Construction Company seemed to be in a better position, although a massive fall was witnessed in its profit before tax. According to the case study, the employees of the company lacked motivation by a large extent. One of the most significant steps taken by the CEO to reward efficient employees and motivate them under the scenario was to provide them with the companys shares as a basic compensation. Typical Elements of Compensation Packages Compensation packages emerged with the principle purpose of retaining potential employees within the work environment. According to the case study, it has been evaluated that Strong Built Construction Company was suffering from fall in profit before tax, which could have been the result of lack of employee motivation. To motivate employees, the company needs to implement an effective compensation plan for the existing workers. The typical compensation packages mostly rely on the increase of base salary, annual bonus, long-term incentives, perquisites and employee benefit programs among the most prominent ones (Beaudoin, Cianci Tsakumis, 2015; Gerhart, Minkoff Olsen, 1995). These packages offer certain benefits, as illustrated below in the table: Elements of Compensation Packages Description Base Salary It refers to the compensation for day to day performance of the employees, which differs on the basis of employees skills, experiences and accomplishments Annual Bonus It is a variable performance based pay to motivate the employees current status and performance, besides giving them a feeling of recognition Long-Term Incentives This reward is offered to employees, who are willing to be loyal to the company in the long term Employee Benefit Programs These rewards are offered as health, disability and life insurance planning and retirement programs (savings and pensions) benefits to the employees Perquisites It is a non-monetary reward system offered to recognise employees skills, performance and contribution towards the company through extra benefits beside monetary payments Assumptions of Traditional Agency Theory and its Influence on Compensation The traditional agency theory indicates a set of financial statistics, which focuses on the conflicts of interests observed between assets and people in the work-environment. This agency theory can define the relationship between principals (higher authority), agents (managers) and employees of a company. The relationship between principals and agents is considerably complex as compared to that of the other contractual corporate relationships. In terms of ethicist point of view, agency theory can assume principals and agents actions according to their own interests, which might get influenced due to their personal motives. Moreover, the agency theory focuses on conflicting interests as well as goals of the companys stakeholders and the manner in which it aligns with the employees compensation process as well (Foss Stea, 2014; Forbes-Pitt, 2011; Kosnik Bettenhausen, 1992). Contextually, as per the traditional theory there are several assumptions that can affect the compensation procedure of the company, as depicted in table below: Assumptions Description and Influences Human Assumption: Self Interest Bounded Rationality Risk Aversion In a hierarchical work environment, when agents (managers) and principals (higher authority) both concentrate on their personal interests rather than employees interests and motivation needs When the work environment mostly circles around the agents and principals, the employees information does not enter the hierarchical circle, and therefore results in informational conflicts There are agents and principals, who are not capable enough to take risks, which inhibits their decisions regarding compensation and benefits Organisational Assumptions Partial goals Decision making Individual goals gain more significance than collaborative goals of the organisation Communication gap may give rise to lack of information and therefore, lead towards biased decisions of principals and agents that can affect employees morale at large Differences between Extrinsic and Intrinsic Motivation Differences Extrinsic Motivation Intrinsic Motivation Description When somebody attempts to insist a person to perform a task When the individual wants to perform the task with own interest Behaviors It is based on power to influence It is entirely based on an individuals interests and willingness Typology Related to monetary influences Related to self-esteem, job satisfaction and self-awareness of the individual Extrinsic and intrinsic motivations are two different perspectives of motivating people. Intrinsic motivation deals with peoples passions, self-esteem and job satisfaction, while extrinsic motivation deals with the monetary and subjective factors. Although both the perspectives are able to motivate people, for long term effectiveness, it is the intrinsic ways that help in enriching individuals performances, as compared to the extrinsic motivating factors (Ims, Pedersen Zsolnai, 2014). Employees Attitudes towards Risks and Its Influence on Compensation Package Employees attitude is a key aspect for a companys work environment and motivational factors as well. There are certain risks associated to the work atmosphere of a company that the employees have to face in order to deal with their allotted job roles. With respect to this context, there are two types of employees attitudes observable in an organisational environment, which indicates to their risk aversion or risk seeking nature. Risk-averse employees try to avoid the risks, while the risk-seekers tend to accept the challenges associated to their job-process. Contextually, risk-seeker employees are capable enough to productively use their abilities, skills and advancements through their performance in front of the managers and higher authorities, while risk-averse employees depict a higher degree of reluctance in taking up responsibilities and accept changes in their job roles. As a result, managers as well as the higher authorities are often observed to build their trust on risk seek ers rather than on risk-averse employees, reflected apparently from the compensation structure offered to both these groups (Pepper Gore, 2014). Financial Benefits and Time Period Financial benefits, such as bonus, increase of wages, medical facilities and insurances are offered to employees to enhance their financial abilities and help them raise their living standards. With respect to the financial benefits, it can be stated that if these facilities are provided at a certain time-being, such as at the time of different festivals (Christmas), retirement and starting of a vacation among others, it might effectively motivate the employees to work efficiently. Due to the appropriate timings of financial benefits, employees can be influenced more towards the completion of their allotted job roles and thereby, satisfying their additional financial needs (Pepper Gore, 2014; Cheng and Warfield, 2005; Gjesdal, 1982). Fairness Considerations Roles in Compensation Fairness consideration reflects an equal deliberation among all the employees for similar allotted job roles within a work environment. This situation is not only applicable for same kind of work, but for the compensation policies as well. Job-related risk adherence, complicated situation handling associated with allotted job roles can be referred as some of the effective conditions for employee compensation or remuneration. At these conditions, employees are liable for compensation benefits according their skills, experiences and performances. For certain compensation incorporation, the management of the company has to implement a fair consideration among those employees, who are capable for compensation standards in terms of their motivational purposes (Pepper Gore, 2014; Jolls, 2002). Executive Compensation Committee Strong Built Construction Company requires incorporating an executive compensation committee, which will be responsible to act according to its compensation philosophy. The executive committee will be capable of recommending a compact planning for employee compensation and re-examining the procedures for assured employee benefits. The executive committee can support the organisations overall mission, attract and retain potential employees through shared objectives and values in alignment with the companys goals, which would allow the employees to obtain the required compensation opportunities, as per their skills and performances and in a reasonable manner (WPI, 2015; OReilly et. al. 2014; Hermanson et. al., 2012; Suh Han, 2003; Xie, Davidson, DaDalt, 2003). Structure of an Executive Compensation Committee To build an effective executive committee, Strong Built Construction Company will require a potential structure, through which it can re-examine the drawbacks of companys compensation policies and reinforce new policies within it. The following aspects are needed to construct the committee: Fields Descriptions / Requirements Members of Committee Seven qualified members, who are segregated according to their qualifications in the allotted job roles Segregation of Work Base salary: Members, who examine existing employees base salary according their performances Annual Bonus: Members, who justify bonus with employees salary as per their skills Incentives: Members, who identify the employees performing efficiently for providing them with incentives Benefit Programs: Members, who select employees according to their performances for providing assured benefits Perquisites: Members, who are allowed to provide extra perks to the deserving employees Selection Procedures Three managers, who are experienced and qualified Four members from outside of the organisation , who have equivalent experiences in the industry Conclusion From the analysis of the companys present scenario, it was observed that Strong Built Construction Company was suffering from lack of employee motivation. Thus, based on the above discussion related to the different compensation policies and executive compensation committee, it can be recommended that implementation of effective compensation systems are most required for motivating existing employees of the company. Through the executive compensation committee, the company can re-examine its existing policies and can introduce new remuneration systems for employee benefits. In addition to it, the assistance of intrinsic motivation from committee members will enable the employees to enhance their loyalty and morale towards their assigned job roles and attain job satisfaction in the long run. Paper by Gold, Gronewold and Pott (2012) Aim of the Research The research by Gold, Gronewold Pott (2012), aims at testing the explanations officially proposed as per the revised version of the ISA 700 report by the auditor for the evaluation of its expected gaps. Result Table All participants were requested to read the short description detailing about a fictitious stock-listed company and its financial information for two successive years, with their results listed in the following table: Complete Unqualified ISA 700 Auditors Report An Unqualified Opinion-Only Version of Report Auditors The complete auditors report on ISA 700 was disclosed along with detailed explanation provided by the auditors Only the opinions of the auditor were read Financial Analysts Complete reports with explanations were disclosed Were only interested in going through the auditors opinions rather than on the entire report Students The entire report mandated by ISA 700 was disclosed completely Only the opinions, as presented by the auditors in the report were read Purpose of Manipulation Checks The purpose of conducting the manipulation checks was to analyse, if manipulation was effective in bringing about any kind of difference between the presence as well as absence of the explanations, as provided by the auditors. This was possible only with the support of the responses gathered regarding the issue of concern (Gold, Gronewold Pott, 2009). Study of Agyei, Aye Owusu-Yeboah (2013) and Okafor Otalor (2013) Researches Aims The aim of the research conducted by Agyei, Aye Owusu-Yeboah (2013) is to examine the presence of expectation gaps in the audit reports of Ghana. In addition, the research also aimed at the assessing the roles played by the professional auditors in reducing the audit expectation gaps. Measurement of Audit Expectation From both the studies, it can be highlighted that gaps in audit expectation has evolved due to over-expectations in respect to the auditors functional roles and inadequate knowledge of people regarding auditors job roles and responsibilities. Audit expectation is however a changing element that is often critical to measure. In this context, to gain an in-depth understanding regarding the projected aim of the research, Agyei, Aye Owusu-Yeboah (2013) selected qualitative methodology, through which they gathered and analysed primary and secondary data. The researchers utilised five-point Likert scale for assessing the primary data through questionnaire survey, which were then analysed with the help of the SPSS tool. On the other hand, Okafor Otalor (2013) utilised hypotheses to gain a comprehensive understanding regarding the objective of the research and test the validity of the assumptions made. The study has utilised a mixed method for analysing the primary as well as the secondary data. Comparatively, the research conducted by Okafor Otalor (2013) was more in-depth than the research by Agyei, Aye Owusu-Yeboah (2013). Further to be noted in this regard, Okafor Otalor (2013) analysed the gathered data with the assistance of ANOVA, logit coefficient, z-statistics, probit coefficient, t-ratio and so forth. These statistical analysis tools largely contributed in making the research approach feasible and retaining the reliability as well as validity of the data gathered. Research Participants and Sampling Techniques Agyei, Aye Owusu-Yeboah (2013) had utilised purposive as well as convenience sampling technique in their study to select the respondents among stockbrokers and auditors of Ghana. The purposive sampling technique had assisted the researchers in their selection of financial statement user groups, while the convenience sampling technique helped them in selecting the specific respondents from the user groups. From this perspective, it can be stated that both the sampling techniques of this research implied a high dependence on the researchers perspectives and their present skills. However, Okafor Otalor (2013) selected their respondents through random sampling technique from the groups of accounting teachers along with their students. These respondents were accessed from the University of Benin, Benson Idahosa University and Ambrose Alli University. The process of random sampling has enabled the researchers in considering 94 self-administered questionnaires among 130 responses for dete rmining the reliability of gathered data. From both the above stated perspectives, it can be inferred that purposive as well as convenience sampling techniques reflect biasness in samples and information, while random sampling technique is free from partiality. In this context, unbiased, feasible sampling technique of Okafor Otalor (2013) was more appropriate as compared to Agyei, Aye Owusu-Yeboah (2013). Response Rate Agyei, Aye Owusu-Yeboah (2013) used hundred questionnaires among the selected groups of respondents. The researchers had distributed fifty questionnaires, each among the auditors as well as among stockholders. From both the groups, researchers had returned thirty and thirty-five questionnaires respectively. Ultimately, from those returned questionnaires, researchers found a total of forty questionnaires useful for the research. Okafor Otalor (2013) conducted questionnaire survey among 130 respondents and lastly selected 94 questionnaires for the research. Among these two researches, the study by Okafor Otalor (2013) was able to obtain satisfying data range, while Agyei, Aye Owusu-Yeboah (2013) conducted their research based on only 40 responses. From this perspective, it can be inferred that Okafor Otalor (2013) had based the research on a larger and sufficient data range but Agyei, Aye Owusu-Yeboah (2013) lacked a comprehensively valid range. Analysing the Collected Data Agyei, Aye Owusu-Yeboah (2013) had utilised a descriptive data analysis tool, such as SPSS in their research, to attain the projected goals. On the other hand, Okafor Otalor (2013) conducted a descriptive statistical analysis through SPSS. In this research, to accomplish the objective of the research, Okafor Otalor (2013) implemented the techniques of ANOVA test, logit coefficient, z-statistics, probit coefficient and t-ratio. From the discussion of both the researches, it can be inferred that the approach taken by Okafor Otalor (2013) was better than the approach used by Agyei, Aye Owusu-Yeboah (2013). Significant Flaws Flaws in the research by Agyei, Aye Owusu-Yeboah (2013): The study has only utilised selected stockbrokers as users of the published financial statements The method implemented in the study was based on only descriptive statistics on a relatively small data range, which might have produced bias results in the course of attaining the determined objective Flaws in the research by Okafor Otalor (2013) study: The study has used accounting students and teachers of different universities as samples, whose responses cannot be considered reliable enough to determine the results as per the issue of expectation gaps observed in the auditors report The result might be strong enough as per the descriptive and statistical analysis shown in this study, but it cannot be compared with the collected secondary information, which fails to enhance the validity of the results obtained References Agyei, A, Aye, B, K Owusu-Yeboah, E 2013, 'An assessment of audit expectation gap in Ghana', Int. J. Acad. Res. Account., Financ. Manage. Sci, vol. 3, no. 4, pp. 112-8. Beaudoin, C, A, Cianci, A, M Tsakumis, G, T 2015, The impact of CFOs incentives and earnings management ethics on their financial reporting decisions: The mediating role of moral disengagement, Journal of Business Ethics, vol. 128, no. 3, pp. 505-518. Cheng, Q Warfield, T, D 2005, Equity incentives and earnings management, The accounting review, vol. 80, no. 2, pp.441-476. Forbes-Pitt, K 2011, The assumption of agency theory, Taylor Francis, Abingdon. Foss, N Stea, D 2014, Putting a realistic theory of mind into agency theory: implications for reward design and management in principal-agent relations, European Management Review, Vol.11, no.1, pp. 101-16. Gerhart, B, A, Minkoff, H, B Olsen, R, N 1995. Employee compensation: Theory, practice, and evidence, CAHRS Working Paper Series, pp. 2-25. Gjesdal, F 1982, Information and incentives: the agency information problem, The Review of Economic Studies, vol. 49, no. 3, pp.373-390. Gold, A, Gronewold, U Pott, C 2009, Financial statement users perceptions of the IAASBs ISA 700 unqualified auditors report in Germany and the Netherlands, Research Report, pp. 1-43. Gold, A, Gronewold, U Pott, C 2012, 'The ISA 700 auditor's report and the audit expectation gap Do explanations matter?', International Journal of Auditing, vol. 16, no. 3, pp. 286-307. Hermanson, D, R et. al. 2012, The compensation committee process, Contemporary Accounting Research, vol. 29, no. 3, pp. 666- 709. Ims, K, J, Pedersen, L, J, T Zsolnai, L 2014, How economic incentives may destroy social, ecological and existential values: the case of executive compensation, Journal of Business Ethics, vol. 123, no. 2, pp. 353-60. Jolls, C 2002, Fairness, minimum wages, and employee benefits, Faculty Scholarship Series, paper 1454, pp. 47-53. Kosnik, R, D Bettenhausen, K, L 1992, Agency theory and motivation effect of management compensation, Group and organisation management, vol. 17, no. 3, pp. 309-330. OReilly, C, A et. al. 2014, Narcissistic CEOs and executive compensation, The Leadership Quarterly, vol. 25, no.2, pp. 218-31. Okafor, C, A Otalor, J, I 2013, 'Narrowing the expectation gap in auditing: The role of the auditing profession', Research Journal of Finance and Accounting, vol. 4, no. 2, pp. 43-52. Pepper, A Gore, J 2014, The economic psychology of incentives: An international study of top managers, Journal of World Business, vol. 49, no.3, pp. 350-61. Pepper, A Gore, J 2015, Behavioral agency theory new foundations for theorizing about executive compensation, Journal of Management, vol. 41, no.4, pp. 1045-68. Suh, B Han, I 2003, The impact of customer trust and perception of security control on the acceptance of electronic commerce, International Journal of Electronic Commerce, vol. 7, no. 3, pp.135-161. WPI, 2015, Executive Compensation Committee, Worcester Polytechnic Institute, viewed 7 June 2016, https://www.wpi.edu/offices/trustees/executive.html. Xie, B, Davidson, W, N DaDalt, P, J 2003, Earnings management and corporate governance: the role of the board and the audit committee, Journal of Corporate Finance, vol. 9, no. 3, pp. 295-316.

Supply chain mangment Essay Example For Students

Supply chain mangment Essay Supply chain management is the flow of goods, services, and information from the initial sources of materials and services to the delivery of products and activities occur in the same organization or in other organizations(Horngren695). This approach enables Regal Marine (R.M) to be highly effective, efficient, and profitable. More over supply chain management effectively manage your supply chain by synchronizing the demand for your products with your production capabilities, optimizing your resource usage, and maximizing your throughput so there are less disruptions and fewer fires to put out. Supply chain management requires companies to use the Internet to be most effective. Nevertheless Companies are failing to adapt to the Internet technology to enable effective supply chain management. In addition Research shows companies failing to use Internet technology for Supply chain management, despite the need to satisfy customer demands and it revealed: (1) Only forty eight percent currently use Internet technology to manage product order and delivery, yet over half state that responding to customer demands and improving service is the main reason for changing supply chain requirements. (2) Only fifteen percent use Internet technology right through the supply chain at all levels, with twenty three percent planning to implement a total web-enabled supply chain soon. Moreover almost half of the companies interviewed currently outsource parts of the supply chain by using an Application Service Provider. (3) Thirty-seven percent of companies were using the Internet to streamline their processes. We will write a custom essay on Supply chain mangment specifically for you for only $16.38 $13.9/page Order now We mentioned earlier the disadvantages of supply chain management, now we will the advantages and the process of supply chain management. Supply Chain Management Solutions helps companies transform supply strategy into a competitive advantage. By combining the expertise, technology and information to help companies bring immediate value and profit. Supply management is clear and direct. The process help companies find the money in their supply base, get the money to the bottom line quickly and keep the money coming with a renewable and repeatable approach. But to make supply chain management effective companies need to: (1) Get Perspective. (2) Dont Underestimate Learning Costs. (3) Reconsider Whats Efficient. (4) Serve the Partnerships. (5) Dont Overestimate. R.M and partners use the fundamentals of supply chain management and the steps that are mentioned above. To illustrate more the chain will start from the supplier network that include raw material such as aluminum, fiberglass, and glecoat then the components, which can be transmission, seats, and so on. The next step is the subassembly for example engines, wiring, and chassis. The next step in the chain is the boat manufacturers (assembly line), which include R.M and all boat manufactures, then it goes on to the most important step which is the marketing channels (dealer network) and then to the buyers. To exemplify more we will take Wal-Mart as an example. Wal-Mart one of the retailers that have an efficient supply chain, Wal-Mart a lower price retailer for wide variety of mass consumption of consumer goods. The strategy of efficient supply chain designed to deliver products at the lowest cost possible. Efficiency is achieved in variety of ways. For example, Wal-Mart keeps low inventory levels, and most are stocked in stores available for sale, not in warehouse gathering dust, the low inventory arises Wal-Marts innovative use of the cross-docking process. Cross docking allow Wal-Mart to operate only a small number of distribution centers. Moreover the company invested significantly more than its competitors in information technology to operate its supply chain. The company has a full feed back information about customers requirements and demands from it stores back to the suppliers. In addition Wal-Mart obtain their products from small suppliers, and those suppliers depend on Wal-Mart as a main buyers, as a result Wal-Mart can apply the pressure and have the products needed delivered twice or maybe three times a month. At the end supply chain management help business to improve and satisfy there everyday needs. Supply chain management one of the most efficient and profitable process. 1.Cost Accounting A Managerial Emphasis by Charles Horngren 2.Effective Management by Hartley. .ubff8e0c0ec0f4af741d7ced468376639 , .ubff8e0c0ec0f4af741d7ced468376639 .postImageUrl , .ubff8e0c0ec0f4af741d7ced468376639 .centered-text-area { min-height: 80px; position: relative; } .ubff8e0c0ec0f4af741d7ced468376639 , .ubff8e0c0ec0f4af741d7ced468376639:hover , .ubff8e0c0ec0f4af741d7ced468376639:visited , .ubff8e0c0ec0f4af741d7ced468376639:active { border:0!important; } .ubff8e0c0ec0f4af741d7ced468376639 .clearfix:after { content: ""; display: table; clear: both; } .ubff8e0c0ec0f4af741d7ced468376639 { 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; } .ubff8e0c0ec0f4af741d7ced468376639:active , .ubff8e0c0ec0f4af741d7ced468376639:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ubff8e0c0ec0f4af741d7ced468376639 .centered-text-area { width: 100%; position: relative ; } .ubff8e0c0ec0f4af741d7ced468376639 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ubff8e0c0ec0f4af741d7ced468376639 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ubff8e0c0ec0f4af741d7ced468376639 .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; } .ubff8e0c0ec0f4af741d7ced468376639:hover .ctaButton { background-color: #34495E!important; } .ubff8e0c0ec0f4af741d7ced468376639 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ubff8e0c0ec0f4af741d7ced468376639 .ubff8e0c0ec0f4af741d7ced468376639-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ubff8e0c0ec0f4af741d7ced468376639:after { content: ""; display: block; clear: both; } READ: My American Dream Essay3.http://www.keepmedia.com/pubs/SupplyChainManagementReview/2004/03/01/459506. 4.http://www.manufacturing.net/scm/article/NEb0727044.9sw.html?industry=Supply+Chain+News;industryid=2380. 5.http://www.walmart-martstores.com