Warehouse Costs: Storage, Possession, and More
Storage Cost
Storage cost refers to any cost that comes from the physical use of space in the warehouse during a determined time.
Possession Cost
Possession cost is a financial concept that encompasses storage cost plus other concepts derived from risk and the interest of invested capital.
Cost Center
A group of people/machines that do similar and repetitive operations in the storage area. Examples:
- Picking products
- Product preparation
- Truck loading and unloading
Operation
A group of specific work that is
Read MoreOrganizational Theory: Design, Effectiveness & Contingency
Why Organizations Exist and Their Purposes
Organizations exist because more value can be created when people work together in a coordinated and organized way than if they work alone. The purposes they serve are:
- Specialization and Division of Labor: The division of labor leads to specialization, and specialization leads to employees becoming experts in their jobs.
- Increase Large-Scale Technology:
- Economies of Scale: Cost savings that result from producing larger volumes on automated product lines.
- Economies
Understanding Written Expression: Models and Processes
Model Composition of Written Expression
Written expression is the process by which we understand a text. Camps and Cassany explain the various proposed models for the composition of written expression, from proposals that distinguish three linear phases (prewriting, writing, and rewriting) to more sophisticated models of parallel stages. However, the most widespread theoretical model, and the one most applied to education, is that of Flower and Hayes (1980 and 1981).
From the first moment we decide
Read MoreCybersecurity Acronyms, Protocols, and Incident Response Essentials
Cybersecurity Essentials: Acronyms, Protocols, and More
COPE: Corporate Owned, Personally Enabled
BYOD: Bring Your Own Device
Cryptography
Asymmetric: DHE, ECC, RSA
Symmetric: AES, DES, IDEA, RC4
Access Control Models
MAC: Mandatory Access Control. Admin applies policies where users cannot modify permissions based on their discretion.
RBAC: Role-Based Access Control. Access based on a set of predefined rules, not on individual user discretion.
ABAC: Attribute-Based Access Control. Access based on a combination
Read MoreConstruction Activity and Environmental Impact
Construction Activity and the Environment
Definitions
- Environment: The physical, social, chemical, and biological factors that form a system in which a body carries out its functions.
- Ecosystem: A system consisting of living organisms in a particular place and the environment conducive to them.
- Sustainable Development: Development that meets present needs without compromising the ability of future generations to meet their own needs.
- Sustainability: The maintenance of ecosystem components and functions
Mimo’s ERP Implementation: Challenges and Solutions
Lack of Integration Between Systems: Disconnected systems: Shopify (e-commerce), BBVA (payments), Basecamp (events), Mygestion (invoicing), ICG POS (hotel store). Issues: Data isolation, manual data transfer, errors, duplications, and delays.
ERP Deployment Challenges and Delays: Initial intent: Integration and automation through SAGE ERP. Issues: Delays in POS integration with accounting; incomplete first phase by 2015; second phase (events integration) not started by 2017.
Inadequate Communication
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