This case study is an introduction to issues of financial management Research Paper

This case study is an introduction to issues of financial management and Human Resource Planning and Budgeting - Research Paper Example The report highlights the payback period, employee turnover projection after the implementation of the machinery, the total cost of the an individual in relation to the human resource function and lastly an evaluation of the firms benefits after the implementation...... I also agree that an electronic copy of this project may be stored and used for the purposes of plagiarism prevention and detection. Copyright Acknowledgement I acknowledge that the copyright of this project and report belongs to Emirates Aviation College. Signed: Date: Acknowledgement This project is a success because of the support received from people who are special to me. I would like to acknowledge the support of my family including my brother and sister, my colleagues from this department and my project supervisor Introduction The company board of directors recently discussed of that the company dealings should be taken on by the medium sized Co- share company. Co-share is to take charge of all their fruit and vegetable packing and supply. Co-share is a small to medium sized supermarket with approximately 165 stores in Midlands and other areas (Mondy, Robert, and Mary, 2003, 140). Unlike LJC white Co-share is more established with strong business ethics and reasonable trade pr actices. The terms of trade that LJC demand indicate that Co-share Company should utilize all their reasonable trade products and the human resource should utilize their best practices in running the company, for example, the use of staff development and the policies that include the none discrimination laws and regulations. The Co-share company has a policy of auditing their suppliers to ensure that all the required practices are adhered to, and they participate in the lucrative activities including the investors in people (Mathis and John, 2003, 200). Background of report The move to engage in business with Co-share would require LCJ the family business to add more assets in order to facilitate the expansion. It

Role of Information Technology in Kentucky Fried Chicken Essay

Role of Information Technology in Kentucky Fried Chicken - Essay Example Information system helps to change or restructure the business and also quickens the response time to changes in the environment. There are various features of information system that can help a firm gain competitive advantage. For example the decision support system helps firms to align their information system with the business strategies. Then there is the Enterprise resource planning solutions that link the business process with the firm’s objective of optimizing the enterprise resources. Also there is the database system that having â€Å"data mining† capabilities which makes the best use of information for production, innovation and marketing (Hemmatfar, Salehi & Bayat, 2010, p. 158-160). For the purpose of this report let me first describe about the Fast food industry. It is one of the largest growing industries. The industry is characterized by the foods which are prepared and served quickly. Typically, the foods of this industry are sold in retail food outlets or in a packaged form. The major market players of this industry are Kentucky fried chicken, McDonalds, Pizza hut, Dominos, Arby’s, Subway, Fingers and Del Taco among various other players. Franchise operation acts as the most crucial element of this industry. The noticeable foodstuffs includes pizzas, burgers, sandwiches, French fries, fried chicken, ice creams and also foods like noodles, fried rice and soups among the others. Presently information technology is widely used in fast food industry. The market share of KFC and its competitors are as follows:- Figure 1 (Source: pugetsoundoff, n.d.). Information technology plays an essential role in the unprecedented growth of fast food industry. In this sector the functions of Information technology is significant as it helps in research and development process, marketing process and also in the financial segment. Information systems help organisations in the fast food industry to not only deliver products and services at low c osts but also deliver differentiated products and services. Organisations are using information system to create niche markets for themselves and at the same time focus on developing new and innovative products. The current applications being used in fast food industry include the following:- Point of sale system – It manages the total selling process of an outlet. This is also responsible for the formation and printing of the receipt. A typical retail food outlet POS includes a computer, receipt printer, bar-code scanner, customer display and a cash drawer. Apart from these basic requirements the system sometimes also consists of debit & credit card reader. The next application includes these cash registers are coupled with the computerized system which automatically prepares accounting reports and facilitates reordering of inventories. It also helps in tracking the internal orders and sales. The other application which is very much in use is the Customer Relationship Manage ment System. Customer relationship management (CRM) is all about managing and increasing customer relationships that can help the company to drive the costs down and increase the viability of products and services. (Anderson & Kerr, 2001, p.1-11). Data about customers like