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Criminal Justice Discussion2 Essay Example | Topics and Well Written Essays - 250 words

Criminal Justice Discussion2 - Essay Example e judge answerable for the case can comprehend the occasions of that day by viewing the video since the criminal wouldn't like to consent to the allegations (Garland 20). The one insulted then again had kicked the bucket henceforth making that to be the main accessible proof. The proof can be permitted as it plainly demonstrates what had occurred on that day. The issue could be the individual to demonstrate reality behind the tape as the lady was dead. This demonstrates the case can't be canceled on the grounds that the casualty is dead yet it can in any case go on so as to discover reality with the little proof accessible (Garland 20). With the present innovation, the observers don't need to be available face to face so as to demonstrate their case right however the court can utilize the accessible proof and contend from it. This will fill in as a fundamental advance in bringing the open certainty up in the legitimate area. It is in this manner right if the courts proceeded to denounce the casualty utilizing the

A Complete Guide to ABC Analysis in Customer Segmentation and Inventory

A Complete Guide to ABC Analysis in Customer Segmentation and Inventory If you have ever heard of the 80/20 rule, there is a good chance that the person talking about it was referring to a form of ABC Analysis. ABC Analysis is a comprehensive way of segmenting your customers or products to make sure that you get the most out of your time and your resources when you’re servicing them by breaking the items down into three easily distinguishable categories. In this article, you will learn 1) what the ABC analysis is,  2) why use the ABC analysis, and 3) how you can apply the ABC analysis to structure and prioritize your customer segments and inventory types.ABC ANALYSIS DEFINEDABC analysis is a method of analysis that divides the subject up into three categories: A, B and C.Category A represents the most valuable products or customers that you have. These are the products that contribute heavily to your overall profit without eating up too much of your resources. This category will be the smallest category reserved exclusively for your biggest money makers.For example, a software company might engineer different pieces of software, but one is a niche software that can be sold at a significantly higher price than the others. Thats why it accounts for about 60% of the overall revenue, although the company sells far less of these products compared to other software categories. Hence, this specific software is a category A product.Category B represents your middle of the road customers or products. Many wrongly approach this group as those who contribute to the bottom line but aren’t significant enough to receive a lot of attention.Yet, category B is all about potential. The members of this category can, with some encouragement, be developed into category A items.Category C is all about the hundreds of tiny transactions that are essential for profit but don’t individually contribute much value to the company. This is the category where most of your products or customers will live. It is also the category where you must try to automate sales as much as possible to drive down overhead costs.THE PARETO PRINCIPLEABC analysis is based on what is called the Pareto Principle, an economic principle created by the economist Vilfredo Pareto. Pareto gained notoriety for saying that most economic productivity comes from only a small part of the economy. Essentially, it shows that there is an unequal relationship between your input and your output.For example, a business might get 80% of its results from only 20% of its staff. This demonstrates that 20% of the staff are more productive than the other 80% of the team.Another common example of the Pareto Principle suggests that you get 80% of your sales from only 20% of your customers. In this case, these 20% would be your category A customers, hence, those who make the biggest contribution to your revenue. Basically, only 20% of your customers are valuable enough that losing one would significantly hurt the business.You can bring the Pareto Principle even further into ABC analysis when you consider lifetime value. The relationship between your input and output plays a major contribution in a customers’ lifetime value. It also forms the foundation of ABC analysis by providing guidelines for breaking down customers into different groups (A, B and C).WHY USE ABC ANALYSIS?The main use of ABC analysis is to improve your ability to deal with large and complex data sets by breaking them down into three segments. These segments define the priority of the data within whatever area you are using them in.Once the data is broken down into segments, it is easier to focus on the data and use it in a meaningful way. Breaking down the data into these segments makes specific issues in the data more obvious. It also helps in prioritizing the different segments.For example, ABC analysis can be used to segment your customers and break down customer-specific data.First, you would divide the customers into each of the three categories based on the sales volume the customer provides. Then, you would consider how that volume relates to your margin contribution.If you segment the customers successfully, the customers with the most value will go into the high priority category A, while less important customers would be placed in the bottom category C. Customers that are somewhere in between will stay in category B.The segmentation allows you to pinpoint yo ur most valuable customers. It then allows you to examine them separately so that you can form a plan of action. When you can look at things in three different categories, it is easier to allocate your resources in a more strategic way than it is if you’re flitting back and forth between charts or just trying to make sense of heaps of raw data. The benefit of taking this extra step is that it makes it easier to analyze the data strategically which in turn makes it easier to maximize your profits.EXAMPLE 1: HOW TO USE ABC ANALYSIS IN CUSTOMER SEGMENTATIONABC Analysis is performed within customer segmentation as a way to pinpoint your most valuable customers. Here’s how to use ABC analysis when creating customer segments based on value:Performing the ABC AnalysisTo perform the analysis, you’ll need to start by looking at four primary metrics for each of your customers: sales revenue, revenue potential, contribution margin and support costs.Use these four categories to create fou r different charts. Rank your customers according to each category and place them on the chart.Then, compare the charts, specifically the sales revenue and contribution margin charts. With this comparison, you can begin to break down your customers into the three groups: A, B or C.Your most valuable customers will live in A. These customers will bring in a lot of revenue and make up a significant portion of the contribution margin. Ideally, they’ll be close to the limit in terms of revenue potential.The second tier customers will live in B. These customers will be loyal customers and they will spend a good amount of money with you on a regular basis. However, these customers will not be spending as much as they could be.Category C is made up of the rest of your customers. Category C includes people who turn up every once in a while and make a purchase. It might also include those consistent customers who make a lot of small purchases. These customers will spend money but won’t c ontribute very much to your overall sales and profit. These customers also tend not to have much potential.By looking at your customers in terms of profit margin and potential, you’re creating a multi-dimensional view of your customers. Sales figures alone can be misleading. Seeing a customer who makes a weekly purchase for a small amount might trick you into thinking they are a valuable customer when they really are not.This perspective is particularly useful for dealing with the customers who lie in the no man’s land that is category B. These are the customers that you know are valuable. But until you analyze their potential, you’re not sure how valuable they really are. Using ABC analysis gives you a better idea of not only what they spend but how they spend it. Better yet, it tells you if the customer could be spending more.Rather than looking at sales figures, you’re looking at data that is actionable. Using this data enables you to make real decisions that will increas e your revenue.How to Interpret the Data?Get out your charts and your list of segmented customers again.Take a look at the potential revenue charts. You will notice that some of the customers in the B category have the potential to be in the A category. This is revenue that you’re missing out on, perhaps because you’re not allocating enough time or the wrong resources to the customer.To figure this out, look at your resource allocation chart and look at where you’re sending your teams and your money.   Start with category C. A lot of companies over-emphasize the importance of these customers and spend too much time or money servicing their needs. Look at how your sales teams are divided to see who spends time with these C customers.With this in mind, move into the B category. Look at who is servicing these customers and how often they are being serviced. Could this be improved? Make sure that these customers are not being inadvertently neglected.Then, look at what at what B cu stomers are buying and how often they are buying it. Is there another product they need that no one is selling them? Could these customers benefit from an upgraded version of the current product? What could you do to further meet the customers’ needs and encourage them to spend more money?Finally, check out category A. For many companies, category A tends to be top heavy in terms of service. Certainly, these are the customers that demand most of your time and resources. However, are you over-extending your resources here?The problem with servicing category A customers is that you desperately want to keep them happy. However, if they’re spending that much money with you, there is a good chance that they are not going to leave you just because you aren’t smothering them with attention.Take a hard look at the resources you allocate to category A customers. Determine whether there’s opportunity to share those resources with category B customers and transform them into A-level cu stomers.EXAMPLE 2: HOW TO USE ABC ANALYSIS IN INVENTORYABC analysis is also an excellent tool for inventory control. It is particularly useful for determining which of your inventory items impact your inventory cost the most. It also provides a framework for determining the best ways to manage and control your inventory.Using ABC analysis in inventory control includes the same principles used in customer segmentation. Essentially, not every item in your inventory has equal value. You’ll use this method to determine the real value of each item in your inventory and then place it into the A, B or C category based on its importance.Performing the ABC AnalysisThere is no threshold for determining which products go into which category. The category thresholds need to be defined specific to your company if you want to be able to interpret that data in a way that is meaningful for your business.However, the same principles apply when creating the categories. Category A is the smallest ca tegory made up of the most valuable products. Category B is slightly larger with products that have less value. Category C is the largest category, full of products that contribute to your bottom line but each in a very small way.Here is an example of some common threshold figures for these categories:Category A: 20% of your products, making up 70% of your annual consumptionCategory B: 30% of your products, making up 25% of your annual consumptionCategory C: 50% of your products, making up 5% of your annual consumptionHere is a useful way to divide up your products into categories:Multiply the annual number of items  by the cost per item to calculate the annual usage value for each product.List each product in descending order according to product usage value.Total up the usage value and the number of items.Translate each item and its usage value into the fraction or percentage of the cumulative total.Create a chart to connect the number of items and the usage value. Divide the char t up into A, B, and C at the points where the curve begins to change sharply.How to interpret the Data?Look at how you control the products in each category. Check out the costs associated with keeping these products in stock.If you’re currently making uniform purchases, you’re probably either over-ordering or under-ordering the vast majority of your products. This means that your storage, delivery and management costs are higher than necessary.Instead of ordering your entire stock through the same method, you might save the most sophisticated ordering system for your category A items. It is also best to improve the managerial oversight of these items to make sure that the purchase orders are correct. It is okay to decrease your supply level of category A levels and employ more man hours because these are the products most worth your while.For category B items, you might consider ordering more stock to include a safety stock level. This will reduce delivery costs, ordering time and the amount of time dealing with stock.Leave C items on automated ordering to avoid allocating too many resources to them. Keep plenty of the C products in the warehouse so that you don’t have to worry about ordering them.Following these rules can reduce the amount of man hours dedicated to your inventory, your inventory costs and the amount of time you spend ordering products.You can also look at another example of an ABC inventory analysis.[slideshare id=731471doc=abc-analysis-1226078493209854-9type=dw=640h=330]CONCLUSIONABC analysis is a great way to transform your data into actionable measurements that you can use to reduce overhead costs and drive profits. Remember that the best way to use this model is not to force yourself into the 80/20 rule but to use is as a guideline for determining who your most valuable customers are and what you can do to get more of them.

Essay on Adultery Explored in The Scarlet Letter - 1108 Words

That Nathaniel Hawthorne to chose such a controversial topic as adultery for The Scarlet Letter, his nineteenth century novel of seventeenth century sexual repression and hypocrisy (Zabarenko PG), demonstrates a delicate yet changing climate with regard to infidelity. Historically, carrying on an adulterous affair back in such an era of Puritanism and traditional values was not taken lightly; in fact, by todays standards, such horrific treatment for what is now considered an everyday occurrence was more harsh than murders suffer by current standards. Those who acted out of the vows of matrimony centuries ago, as Hester Prynne did in The Scarlet Letter, paid a high price for their momentary pleasures of the flesh. In those days, the†¦show more content†¦In truth, they had little patience for much display of immorality at all, which ultimately became misinterpreted as a complete and total abhorrence to sexuality of any kind. This was not true, however, yet their strict moral code did not bode well with outsiders, making them appear ultra conservative. What is clear within the context of historical consideration is the emphasis placed upon judgement. To determine what is right for one yet not for another; to cast ones opinion over the entire populace as a painter might broadly stroke a blank canvass; to conclude that a person is wrong by the very act he commits behind closed doors, is to be harshly and unfairly judgmental. Small town mentality is wracked with judgement. There is no escaping its suffocating presence. Historically, communities were one entity where the private business of everyone was worn much like the Scarlet Letter itself: out in the open for everyone to know. There was no sense of privacy within a world of snoops and busy-bodies. Had there been even the slightest reprieve from such intrusions upon ones intimacy, it very well may be that Prynnes shameful act of adultery would have been judged by the one entity permitted to draw such a conclusion: God. One of the most saddening aspects of The Scarlet Letter is its historically paralyzing approach when dealing with Prynnes extramarital affair. It was clear that she and Dimmesdale were inShow MoreRelated Essay on The Consequences of Sin in The Scarlet Letter853 Words   |  4 Pages The Scarlet Letter:nbsp; The Consequences of Sinnbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; It can be concluded that the consequences of sin is the theme of Nathaniel Hawthornes, The Scarlet Letter. Hawthorne explored this theme by four distinctive levels of sin. Although each level was equally displayed throughout the novel, the communal sin of mans inhumanity to man outranked all else. The primary characters are each guilty of one or more of the followingRead MoreJohn Proctor And The Scarlett Letter1299 Words   |  6 PagesHawthorne’s, The Scarlett Letter texts prevail the theme of Religion and Adultery. These particular authors wrote during the Puritan times and conveyed this time period in their texts while exploring the similarities and difference of Religion and Adultery in the Puritan Community. The Crucible’s protagonist John Proctor and The Scarlett Letter’s protagonist Hester Prynne are a part of a society with similar but different robust perspectives about religion and adultery as both texts are set duringRead MoreThe Scarlet Letter By Nat haniel Hawthorne1389 Words   |  6 PagesJimmy Hawthorne Mrs. Almack AP English 4 10/1/14 Marxism is a secular method for analysis focusing on class relations and societal conflict, which can be used to analyze The Scarlet Letter by Nathaniel Hawthorne. 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Placed intermittently throughout the novel, three different scaffold scenes show variousRead MoreEffects Of Sin And Guilt In Th e Scarlet Letter1119 Words   |  5 PagesBrian Doan Ms. Pierce AP Eng Per 1 24 October 2017 The Scarlet Letter Research Essay Dark Romanticists such as Nathaniel Hawthorne mainly focused on the imperfectness of humans and how they are surrounded by sin. One of Hawthorne’s purposes in The Scarlet Letter is the lasting effects of sin and guilt. Through his novel, he shows keeping your sin and guilt inside you will make it fester and change you for the worse. However, the novel also shows that facing your sin and guilt and revealing it willRead MoreRomanticism s Impact On America Essay1374 Words   |  6 Pagesto romantic writings, the world focused on society and logic. Romanticism allowed people to start valuing individualism and to appeal to emotional responses. This new way of thinking brought new literary styles, themes, and genres that were never explored before and are still found today. The literature of Romanticism allowed people to escape the harshness of reality and enter a different world. The establishment of a new nation encouraged the people to alter their philosophical way of thinking.Read MoreRomanticism s Impact On America Essay1376 Words   |  6 Pagesto romantic writings, the world focused on society and logic. Romanticism allowed people to start valuing individualism and to appeal to emotional responses. This new way of thinking brought new literary styles, themes, and genres that were never explored before and are still found today. The literature of Romanticism allowed people to escape the harshness of reality and enter a different world. The establishment of a new nation encouraged the people to alter their philosophical way of thinking

Andrew Carnegie An Eminent Business Man - 1063 Words

Hero or Villain? Noteworthy. Andrew Carnegie managed to overtake the business world by storm single handedly. During the Gilded Age, were the economy grew and the rich flourished, he managed to develop wealth and prosper from steel. Despite his actions being genius, they were far from heroic. Carnegie should be considered an eminent business man. Andrew Carnegie, although not a heroic figure, is a legend to the business world due to his innovative pioneering, business techniques, and leadership expertise. Furthermore, Andrew Carnegie was gifted with a vision on unique ideas. In 1872, Carnegie seized the opportunity to partner with Henry Bessemer, the inventor of steel, and build a steel mill (Document 1). Carnegie realized that iron didn’t have the capacity to succeed, because of its fragile structure. As a brilliant business man, he managed to overcome the situation. Yet, that was not is only unprecedented idea. Carnegie was unimpressed with Horizontal integration, which was a method that composed of strategical prices that eventually led your competitor out of business. Andrew Carnegie revolutionized the business world with his contribution of vertical integration. Vertical Integration allowed a company to controls its production and distribution (Document 5). In other terms, the company would buy out all the means to make their product (Document 5). Carnegie bought out all aspects of productions ranging from Iron Mining Companies to Boat companies and Port FacilitiesShow MoreRelatedHerbert Spencer Essay13142 Words   |  53 PagesTheories Social philosophy in the latter part of the 19th century in the United States was dominated by Spencer. His ideas of laissez-faire and the survival of the fittest by natural selection fitted very well into an age of rapid expansion and ruthless business competition. Spencer provided businessmen with the reassuring notion that what they were doing was not just ruthless self-interest but was a natural law operating in nature and human society. Not only was competition in harmony with nature, but itRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesquiet way. In the area of costing, Michael has undoubtedly deepened our understandings of both conceptual and practical issues, in recent years providing a voice of reason amidst all the consultancy excitement of seemingly new ways of costing the business world. He has played a similar role in the area of accounting standard setting, both taking forward the British tradition of the economic analysis of financi al accounting and, of possibly greater significance, providing some very original analysesRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesTrust Others? 280 glOBalization! Forming International Teams in a Virtual World 291 Myth or Science? â€Å"Asians Have Less Ingroup Bias Than Americans† 292 An Ethical Choice Should You Use Group Peer Pressure? 294 Point/Counterpoint Affinity Groups Fuel Business Success 298 Questions for Review 297 Experiential Exercise Wilderness Survival 299 Ethical Dilemma Is Social Loafing Shirking? 300 Case Incident 1 Negative Aspects of Collaboration? 300 Case Incident 2 Herd Behavior and the Housing Bubble (and Collapse)

News Analysis Free Essays

This article by Caren Bohan is entitled â€Å"Clinton, Obama prepare for battle in Wisconsin.† The newsworthiness of the piece has been determined by the fact that it immediately concerns the American people. It also involves proximate issues that have to do with the up-coming presidential elections and is concerned with the selection of the two persons who will vie for the presidency later in this year. We will write a custom essay sample on News Analysis or any similar topic only for you Order Now The conflict level of the situation is high. Hilary Clinton, who had been in the lead for the democratic candidacy, has now lost that lead as Obama has recently won in eight states in a row (Bohan 2008). The story, found on a Canadian website (Canada.com) is placed in the world news section as a high-priority story. This has been determined by the fact that as a close neighbor who shares a border, the political news that highly concerns United States citizens is also of great concern to the readers of this news site. The headline is clear and to the point, depicting precisely the next step in the battle between the two candidates. The image of Barack Obama is found within the article, and is well-placed at the top. Another image, one of Hilary Clinton, is also readily accessible by clicking on links associated with â€Å"more pictures† (Bohan, 2008). The candidates’ business in Wisconsin is given in detail, but only Hilary Clinton is strictly quoted in the article, as it was indicated that Obama tried to avoid the press. However, quotations are given concerning Obama’s business as identified by his spokesman Bill Burton. The overall impact of the story is that Obama’s popularity in the United States is strengthening, leaving Hilary Clinton feeling threatened. The reporters refer to her strongly appealing for the help of some of her supporters, and imply that her statement â€Å"I’m feeling good today† represents a concealment of her anxiety. Because this democratic race represents a major political event, it can be noticed that care is taken to provide in-depth analysis of the candidates’ positions and what that might mean for their prospects. The story also had an eye to the future, with predictions made (or suggested) about up-coming and related political events. This demonstrates the impact that the outcome of this important political event is likely to have on the future of America. Reference Bohan, Caren. â€Å"Clinton, Obama prepare for battle in Wisconsin.† Canada.com: where   Ã‚   perspectives connect. Canwest Publishing. How to cite News Analysis, Essay examples

Ojt Experience Essay Example

Ojt Experience Essay INTRODUCTION On the job training or OJT is one method by which students is given chance to apply the theories and computations that they have learned from the school. It also helps the students to acquire relevant knowledge and skills by performing in actual work setting. Colleges and universities require their students to  undergo such  training within  a  specific  number  of  hours  as  part  of  the curriculum. For the students, an OJT or internship program provides opportunities togo  through  the  actual  methodologies  of  a  specific  job  using  the  real  tools, equipments and documents. In effect, the workplace becomes a development venue for a student trainee to learn more about his chosen field and practice what he has learn from academy. On the  other hand, an effective OJT program also benefits the companies who accept trainees. First OJT or intern provides additional manpower for lesser labor cost than a regular employee. Most of them are all eager to learn the ropes so chances are high that they will cooperate. Employers can use this internship strategy as a method in recruiting new employees. Since the trainer or the supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make a good recruit after the completion of his internship. We will write a custom essay sample on Ojt Experience specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Ojt Experience specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Ojt Experience specifically for you FOR ONLY $16.38 $13.9/page Hire Writer OJT’s can bring fresh ideas  into the organization. Given the opportunity to speak  their  minds  freely  and  without  fear,  they  maybe  able  to  contributesignificantly in brainstorming sessions or research and eventually help improve the organizations productivity. While training the interns, employers are in fact also teaching their employees to process of guiding the trainees stretches their  patience, develops teaching skills and makes them more sensitive to the needs and mind set of the younger generation. The course of supervision also teaches them how to share what they know and be receptive to questions. Hence, theinternship  also  becomes  an  avenue  in  training  for  future  managers  of  thecompany. Accommodating on-the-job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of  learning. There is wisdom in the front lines. Such training can be