Commodity Processing and Trading Company Facing Challenges Essay
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Commodity Processing and Trading Company Facing Challenges Essay
Commodity, Processing, Trading, Company, Facing, Challenges, Essay
Recycling Centre Corporation
The case describes a commodity processing and trading company that is facing several challenges as it seeks to turn its losses into profit. Important themes are touched upon including: capacity planning and control; inbound versus outbound customers; incentives and their effects; and operations strategy.
The issues of conversional waste management versus environmental awareness and recycling are raised in the case study and should be considered with regard to decisions around a proposed operations strategy.
- The case study enables for some quantitative analysis to be performed with regard to the company’s major asset: the heavy-duty spreader plant. The information required to perform the calculations is detailed in the section entitled Recycling Centre Corp. on page 3 of the case study. You should try to calculate:
- The capacity of the heavy-duty spreader in tons per week*
- The annual revenue currently being generated from this machine assuming a selling price of $370/Ton
- The annual production costs of the heavy-duty spreader
- The annual profit or loss** from this asset
* You are given the theoretical process capacity in tons per hour. To calculate the actual capacity achieved, you must take into account losses from availability, performance and quality.
- Availability takes into account any events that remove production time such as waiting time or breakdowns. Production hours – (waiting time and breakdowns) gives the net capacity.
- Performance takes into account anything that causes the machinery to run at less than the maximum possible speed when it is running. Net capacity – speed losses gives the effective capacity.
- Quality takes into account any output from the machine that is unusable such as waste or scrap. Effective capacity – waste gives the actual capacity
** If the annual costs are greater than the annual revenue, then divide the difference by the selling price/ton to identify how many additional tons of raw material are required per annum.
This information will be useful in conjunction with the qualitative information about the operations side of the business to enable you to make a fuller analysis of the organisational situation.
- Once the quantitative calculations have been performed, students should use the qualitative information provided in the case study of Recycling Centre Corporation to:
(1) Analyse the operations management of the conversional waste management side of the business and identify the different managerial challenges facing the organization. Issues to be addressed should include:
- An analysis of operations capacity management
- A financial analysis of operational costs and revenue
- A strategic customer requirements analysis
(2) Assess and compare different possible options for the strategic direction that the company should take***
(3) Argue for what you feel are the most appropriate managerial actions to take
*** You could consider using the Ansoff Matrix to help structure your arguments in this regard:
The following webpage gives a useful synopsis of the tool:
https://kfknowledgebank.kaplan.co.uk/business-strategy/strategic-choice/ansoff%27s-matrix
Written Report
The overall exercise will contribute 70% to the module assessment. The remaining 30% will be obtained from the three groupwork assignments worth 10% each.
Marks for Individual Coursework Report
- Quantitative Analysis: 20%
- Analysis of the operations management of the business: 20%
- Assessment of possible strategic direction: 20%
- Argument for what you feel are the most appropriate
managerial actions to take: 10%
70%
It is expected that the written report will not exceed 3,000 words.
All published information that has been used in the preparation of the written assignment report should be included as an appendix.
It is expected that you will use the Internet for the following:
- To visit web sites of similar organisations to Recycling Centre Corporation (the case is developed based on a real company but the name of the company is disguised) to better understand the industry and the market pressures.
- To visit other relevant sites regarding environmental strategies
- To obtain academic literature from electronic databases to provide support for your expressed views
The written report should include at least 15 references to academic literature. All references cited should be included in a bibliography at the end of the assignment.
The written report is to be submitted via Turnitin by midnight on the Friday 1st May 2020.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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