Online Requisition Essay Example for Free

Online Requisition Essay Introduction In the world of business, Information system is such where data are collected, classified and put into process interpreting the result thereon in order to provide an integrated series of information for further communicating and analyzing. In a progressively more spirited worldwide atmosphere, Information System plays the role as enabler and facilitator, which endows with tactical values to the officialdom and considerable step up to the excellence of administration. An Information System is a particular type of work system that uses information technology to detain, put on the air, store, retrieve, manipulate or display information. Information system enables companies to react, respond, cater, store, retrieve, disseminate, and control their new valuable asset that is information. In the years to come, a good information system within a company will be no longer an option; it will become a compulsory in determining success. Upgrading the computer information system is not an option in this technology-driven era; it is a requirement. Companies that use an up-to-date information system to gather, assimilate, and evaluate internal as well as external information are gaining competitive advantage over other firms. Management is quicker to cater to customer’s needs and complaints. With the growth of communication networks, there are almost no barriers between the firm’s management, employees, customers and suppliers. Networked computing systems have made new modes of work possible. Conceptual Framework of the Study Products and information Xammp MySQL The customers will input their information and serarch for products Xammp is the software used in this study. MySQL is the database used in this study. Online requisition material for gilmore computer solutions cabanatuan campus INPUT PROCESS OUTPUT Figure 1.1 shows the customers will be able to search for products and services faster and easier. Figure 1.1 the Proposed Systemfor the Company Verification Statement of the Problem The proponents aim to present the general problem and specific problems 1. What are the advantages of the website in a business? 2. Does the website give accurate information about the company? 3. What are the possible problems that the website will encounter in the future in terms of: 4.1 record duplication 4.2 accessibility of the information 4.3 transaction Objective of the Study The reasons for this company to have a website are pretty obvious. Whether they sell products that appeal to a large audience or products that are hard to find, if those products can be delivered quickly to homes or other businesses, online availability is a great way to increase sales. These websites may either maintain their own shopping cart software or use a third party e-commerce service. If a business provides a service or products confined to a small, local market, they can advertise on the web very economically. At the same time, they can offer a great deal of helpful information about their company, products, services that might not be possible with more conventional types of advertising due to higher costs. Significance of the Study To the Customers: it will give the customers an idea where to buy computer parts and where to repair their computer. To the researchers: it will benefit us through applying what we have learned in this project. To the company: it will benefit the company in the way that the company will e introduced to other places, be more popular and it will ring them more customers. Scope and Delimitation The study focuses on the advantage of using Operational information system in a company. The study will be conducted in Gilmore Computer solutions, Cabanatuan City * Survey on the customers * Interviews on the employee and the manager Definition of Terms Information System – Information System is a combination of people, hardware, software, communication devices, network and data resources that processes (can be storing, retrieving, transforming information) data and information for a specific purpose. System – A system is a procedure, process, method or course of action designed to achieve a specific result. Data Factual information, especially information organized for analysis or used to reason or make decisions. Officialdom one who holds an office or position or an administrator, especially one who acts in a subordinate capacity for an institution such as a business. Retrieve – The act of bringing back a data. Disseminate – scatter or to spread. Its main usage is probably to disseminate information. Website – A set of interconnected webpage, usually including a homepage, generally located on the same server, and prepared and maintained as a collection of information by a person, group, or organization. Internet – a vast computer network linking smaller computer networks worldwide Workforce multiplier – make the work faster and more efficient. Shopping cart software – Typically, a shopping cart is the interface between a companys web site and its deeper infrastructure, allowing consumers to select merchandise, review what they have selected; make necessary modifications or additions; and purchase the merchandise. Maintain – To keep the system working properly. Advertising is the nonperson communication of information usually paid for and usually persuasive in nature about products, devices or ideas by identified sponsors through the various media. The Proposal Gilmore computer solutions Cabanatuan City offers different kinds of services on computers. The store also sells high quality computers and parts of computers. Making a website for the store will make it more popular in many different areas. A website where customers can look and order for the store’s available products that they need for their computer.

Servant Leadership in Romantic Relationships Essay -- servant-leadersh

When two people come together and form a relationship the question of who should wear the pants in the relationship may come to light. Should the man be the head of the relationship? But why cant the woman be the leader? My perspective on a relationship is two people going through this crazy journey we call life side by side. The servant-leadership theory supports my perspective that a leader can effectively lead by serving first his followers. The servant-leadership theory does not place the leader above the followers. It rather puts the attention of the leader on emphasizing the concerns of the followers, empathizing with them and nurturing them (Northouse, 2013). This theory focuses on the followers first. The leader must empower those he/she is serving so that the person can reach their full potential. The leader focuses on the greater good of the group. Northouse (2013) explains that Greenleaf identified 10 characteristics that are central to the development of servant-leadership. The ten characteristic include listening, empathy, healing, awareness, persuasion, conceptualization, foresight, stewardship, commitment to the growth of people, and building community. Following these characteristics we can begin to explain the servant leadership role in a relationship. In order for a relationship to be successful each member will need to take on the role of servant-leader. The important aspect is that the two individuals are looking out for each other. They both are nurturing the relationship and doing what will be best for the greater good of the relationship. Listening is very important in order for this to occur. There is a difference between hearing and actively listening. When one actively listens, they can pick out the... ...thers life together. Each person now has a new family, a new group of friends, and will even create a family of their own. As a servant-leader one should encourage their partner to continue their old friendships and make new friends together in the process. This will help the relationship feel safe and connected with others. Meeting someone who you’d like to share every moment with is a wonderful experience. Being a leader does not mean taking charge of the other person or being bossy in order to get your way. Successful relationships are those where both individuals serve each other and know when it is appropriate to lead. Servant-leadership shows that leading side by side in order to grow together and nurture the relationship can be an effective way to lead. Reference Northouse, P.G. (2013). Leadership: Theory and Practice. Los Angeles: Sage Publications.

Banking Formalities

BANKING FORMALITIES : SUCH AS NEGOTIATION OF DOCUMENTS Negotiation means the standard procedures that bank performs which includes checking of the documents and giving value to the seller. The issuing bank may issue the LC available by negotiation with a nominated bank or it may allow the LC to be freely negotiated with any bank. In the first case, the beneficiary, that is the seller, has to present the documents only to that bank, which is the nominated bank.Nevertheless, the nominated bank is not bound to negotiate if it has not undertaken a separate payment obligation to the seller. The nominated bank may simply refuse to negotiate the documents drawn under the LC. This is because, by having been nominated by the issuing bank, it does not constitute and undertaking to negotiate. If, however, the nominated bank has added its confirmation to the LC at the request of the issuing bank, thereby undertaking a separate payment obligation to the seller, then it has to honour its undertak ing and pay for the documents drawn under the LC if they are in order (Article 9b).LC which does not nominate any bank is normally available for negotiation with any bank in the country of the seller which is willing to negotiate the documents. For the information of all traders, there are 4 types of negotiation practiced by banks around the world. They are: 1. Negotiation without recourse 2. Negotiation with recourse 3. Negotiation against indemnity 4. Negotiation under reserve Let me explain Negotiation without recourse first and the rest at a later posting.A seller may present his documents drawn under LC directly to either a) The issuing Bank (bank that issues the LC) or b) The confirming bank (bank that adds its confirmation at the request of the issuing bank) or c) To his own bank If the seller chooses to present the documents directly either to the ISSUING BANK or to the CONFIRMING BANK, these banks make payment WITHOUT RECOURSE to him. Meaning, the payment that has been paid to the seller shall not in any way become claimable by these banks in the event the documents are found not in order after making such payment.These banks cannot have recourse to the seller because by issuing or confirming the LC, they have taken upon themselves the risk that the party from whom reimbursement is to be obtained may become insolvent. I hope this would give traders a general idea of how the LC operates and the implications to buyer and seller. BANKING FORMALITIES :OBTAINING PACKING CREDIT AND POST SHIPMENT FINANCE Packing Credit : Overview Packing credit is a loan/ cash credit facility sanctioned to an exporter in the Pre-Shipment stage.This loan facilitates the exporter to purchase raw materials at competitive rates and manufacture or produce goods according to the requirement of the buyer and organize to have it packed for onward export.. The lending institutions seek a Letter of Credit opened in favour of the exporter from the overseas buyer along with the irrevoca ble (cannot be canceled once drawn) Purchase Order favouring the exporter. Packing Credit facility will cover all the working capital needs of the exporter including raw materials, wages, packing costs and all pre-shipment costs.Packing credit is available for generally a period of 90 days and the exporter has to pay lower rate of interest compared to traditional Overdraft or Cash Credit facility. Exporters use this facility so they can bid the most competitive price for export thus gaining more business opportunities for export. Packing Credit : Documents The borrower and/or the guarantors have to provide the following documents to the banks or the lending institutions while submitting Packing credit Application. Certain documents may be demanded by the bank or the lending institutions in post sanction phase or on periodical basis. Address Proof : Latest Electricity/Telephone Bill or Receipt of Maintenance Charges or Valid Passport or Voter’s Identity Card or Purchase/Lease Deed/ Leave & License Agreement of Residence or Office Premises. * Identity Proof : Valid Passport, PAN Card, Voter’s Card, Any other photo identification issued by Government Agencies. * Business Proof : VAT/CST Registration No. or MIDC Agreement or SSI Permanent Registration Certificate or Warehouse Receipts or Shop & Establishment Act Certificate or Copy of Lease Agreement along with the latest Rent paid Receipt. * Business Profile on Company’s Letterhead. Partnership deed in case of partnership firms. * Certificate of incorporation, Date of Commencement of Business and Memorandum of Title Deeds, Form 32 in for Addition or Deletion of Directors in case of companies. * Last three years Trading, Profit & Loss A/c. and Balance Sheets (duly signed by a Chartered Accountant wherever applicable). * Last one years’ Bank statement of the Firm. * If existing loan, then sanctioning letter and repayment schedule of the same. * Firm/Company’s PAN Cards. * Individu al Income Tax Returns of the Individual/Partners/Directors for last three years. Last one years’ Bank statement of Individuals, Partners, Directors . * SEBI formalities in case of listed companies. * Share Holding pattern of Directors duly certified by a Chartered Accountant. * List of the Existing Directors of the company from the Registrar of the Companies. Packing Credit : Process 1. Personal interview /discussions is held with the customers by the bank’s officials. 2. Bank's Field Investigation team visits the business place/work place of the applicant. (All the documents submitted are verified by the bank with the originals so as to ensure the authenticity of the same. 3. Bank verifies the track record of the applicant with the common information sharing bureau (CIBIL). 4. In case of fresh projects the bank analyses the back ground of the applicant/firm/company and the Technical feasibility/financial viability of the project based on various parameters and also th e existing market conditions. 5. Depending on the size of the project the file is put up for sanction to the appropriate level of authority. SANCTION AND DISBURSEMENT : 1. On approval/sanction, the sanction letter ,is issued specifying the terms and conditions for the disbursement of the loan.The acceptance to the terms of sanction is taken From the Applicant. 2. The processing charges as specified by the bank have to be paid to proceed further with the disbursement procedure. 3. The documentation procedure takes place viz. Legal opinion of various property documents and also the valuation reports. (Original Documents to title of the immovable assets are to be submitted) 4. All the necessary documents as specified by the legal dept. , according to the terms of sanction of the loan of the bank are executed.Disbursement of the loan takes place after the Legal Dept. Certifies the Correctness of execution document Post shipment finance Pre-shipment is also referred as â€Å"packing cre dit†. It is working capital finance provided by commercial banks to the exporter prior to shipment of goods. The finance required to meet various expenses before shipment of goods is called pre-shipment finance or packing credit DEFINITION: Financial assistance extended to the exporter from the date of receipt of the export order till the date of shipment is known as pre-shipment credit.Such finance is extended to an exporter for the purpose of procuring raw materials, processing, packing, transporting, warehousing of goods meant for exports. IMPORTANCE OF FINANCE AT PRE-SHIPMENT STAGE: * To purchase raw material, and other inputs to manufacture goods. * To assemble the goods in the case of merchant exporters. * To store the goods in suitable warehouses till the goods are shipped. * To pay for packing, marking and labelling of goods. * To pay for pre-shipment inspection charges. * To import or purchase from the domestic market heavy machinery and other capital goods to produce export goods. To pay for consultancy services. * To pay for export documentation expenses. FORMS OR METHODS OF PRE-SHIPMENT FINANCE: 1. Cash Packing Credit Loan: In this type of credit, the bank normally grants packing credit advantage initially on unsecured basis. Subsequently, the bank may ask for security. 2. Advance Against Hypothecation: Packing credit is given to process the goods for export. The advance is given against security and the security remains in the possession of the exporter. The exporter is required to execute the hypothecation deed in favour of the bank. . Advance Against Pledge: The bank provides packing credit against security. The security remains in the possession of the bank. On collection of export proceeds, the bank makes necessary entries in the packing credit account of the exporter. 4. Advance Against Red L/C: The Red L/C received from the importer authorizes the local bank to grant advances to exporter to meet working capital requirements relating to processing of goods for exports. The issuing bank stands as a guarantor for packing credit. 5. Advance Against Back-To-Back L/C:The merchant exporter who is in possession of the original L/C may request his bankers to issue Back-To-Back L/C against the security of original L/C in favour of the sub-supplier. The sub-supplier thus gets the Back-To-Bank L/C on the basis of which he can obtain packing credit. 6. Advance Against Exports Through Export Houses: Manufacturer, who exports through export houses or other agencies can obtain packing credit, provided such manufacturer submits an undertaking from the export houses that they have not or will not avail of packing credit against the same transaction. . Advance Against Duty Draw Back (DBK): DBK means refund of customs duties paid on the import of raw materials, components, parts and packing materials used in the export production. It also includes a refund of central excise duties paid on indigenous materials. Banks offer pre-shipme nt as well as post-shipment advance against claims for DBK. 8. Special Pre-Shipment Finance Schemes: * Exim-Bank’s scheme for grant for Foreign Currency Pre-Shipment Credit (FCPC) to exporters. * Packing credit for Deemed exports. SOME SCHEMES IN PRE-SHIPMENT STAGE OF FINANCE . PACKING CREDIT SANCTION OF PACKING CREDIT ADVANCES: There are certain factors, which should be considered while sanctioning the packing credit advances viz. 1. Banks may relax norms for debt-equity ratio, margins etc but no compromise in respect of viability of the proposal and integrity of the borrower. 2. Satisfaction about the capacity of the execution of the orders within the stipulated time and the management of the export business. 3. Quantum of finance. 4. Standing of credit opening bank if the exports are covered under letters of credit. 5.Regulations, political and financial conditions of the buyer’s country. DISBURSEMENT OF PACKING CREDIT: After proper sanctioning of credit limits, the disbursing branch should ensure: To inform ECGC the details of limit sanctioned in the prescribed format within 30 days from the date of sanction. a)  Ã‚  Ã‚  Ã‚  Ã‚   To complete proper documentation and compliance of the terms of sanction i. e. creation of mortgage etc. b)  Ã‚  Ã‚  Ã‚  Ã‚   There should be an export order or a letter of credit produced by the exporter on the basis of which disbursements are normally allowed.In both the cases following particulars are to be verified: 1. Name of the Buyer. 2. Commodity to be exported. 3. Quantity. 4. Value. 5. Date of Shipment / Negotiation. 6. Any other terms to be complied with. 2. FOREIGN CURRENCY PRE-SHIPMENT CREDIT (FCPC) * The FCPC is available to exporting companies as well as commercial banks for lending to the former. * It is an additional window to rupee packing credit scheme ; available to cover both the domestic i. e. indigenous ; imported inputs. The exporter has two options to avail him of export finance. To avail him of pre-shipment credit in rupees ; then the post shipment credit either in rupees or in foreign currency denominated credit or discounting /rediscounting of export bills. * To avail of pre-shipment credit in foreign currency ; discounting/rediscounting of the export bills in foreign currency. * FCPC will also be available both to the supplier EOU/EPZ unit and the receiver EOU/EPZ unit. Pre-shipment credit in foreign currency shall also be available on exports to ACU (Asian Clearing Union) countries with effect from 1. 1. 1996.Eligibility: PCFC is extended only on the basis of confirmed /firms export orders or confirmed L/C’s. The â€Å"Running account facility will not be available under the scheme. However, the facility of the liquidation of packing credit under the first in first out method will be allowed. Order or L/C : Banks   should not   insist  Ã‚   on   submission   of   export  Ã‚   order   or   L/C   for   every disbursement  Ã‚  Ã‚   of   pre-shipment  Ã‚   credit , from exporters  Ã‚   with consistently  Ã‚   good   track   record. Instead, a system of periodical submission of a statement of L/C’s or export orders in hand, should be introduced.Sharing of FCPC: Banks may extend FCPC to the manufacturer also on the basis of the disclaimer from the export order. Export Finance HSBC is a market leader in Export Finance, recognised through annual Dealogic surveys. Through a team of professionals in strategic locations globally, Export Finance arranges medium- and long-term financing for HSBC clients in the public and private sector across the globe buying capital goods and services. Finance can cover marine assets, aircraft, power generation equipment, infrastructure development, manufacturing equipment, oilfield services and a host of other goods and services.Export Finance also features regularly in the financing of limited recourse projects, as a project financing tool. Export Finance uses gove rnment guarantee programmes, Export Credit Agencies (ECAs), in an exporting country to credit enhance the financing to the buyer, thereby achieving highly competitive pricing for the buyer. It also allows borrowers to access a new pool of risk capital, often with appetite for extended tenors relative to traditional bank financing. Export Finance provides structuring, arranging, documentation and distribution services for clients in relation to almost all ECAs.

High Hopes at Miracle-Gro in The Medical Marijuana Field

Dana Mattioli authored High Hopes at Miracle-Gro in Medical Marijuana Field in a published WSJ.com article of June 14, 2011. The article describes a new exploration venue undertaken by Scotts Miracle-Gro Co., to expand its market into the medical marijuana field. The company aims to increase its revenues by diversifying its target market as a result of the recent legalization of medical marijuana in several states. The main characters in this article include Scotts Miracle-Gro Co. who is venturing into the medical marijuana field with Miracle-Gro products. Centennial Seed Co. and General Cannabis Inc. are also mentioned as companies that support the medical marijuana field. These new niche marketing strategies are supported with data†¦show more content†¦The product itself does not necessarily need to be changed as its purpose will be identical in the new market. However, the product’s packaging, advertising, image, and distribution channels will need to be redesigned and managed differently. Mostly, Scotts will need to be able to convince its new target market of its product’s benefits and value, to generate sales. Scotts is entering an extremely controversial market of semi-legal marijuana. According to the article, only sixteen states approved laws to legalize marijuana for medical reasons. 68% of the U.S. states have not legalized marijuana and still disapprove of its use. Scotts will need to pursue a unique public relations strategy to address such potential concerns about growing marijuana. Scotts will need to build an awareness and credibility to its product and promote its benefits in the new market. It will carefully need to choose its messages and vehicles to deliver them. Its communication mix will have to defend the product in the new market and advocate the medical benefits it will create and generate. Like Scotts, several other companies could benefit from the growth in the medical marijuana industry. These may be companies that create products that assist with marijuana growth such as seed, sprinkler systems, hot house builders, and lighting. Additionally, companies that assist with packaging, delivery, and shippingShow MoreRelatedFundamentals of Hrm263904 Words   |  1056 PagesRecruiting 132 Foundations of Selection 154 PART 4 Chapter 8 Chapter 9 TRAINING AND DEVELOPMENT Socializing, Orienting, and Developing Employees 182 Managing Careers 208 PART 5 Chapter 10 Chapter 11 Chapter 12 Chapter 13 MAINTAINING HIGH PERFORMANCE Establishing the Performance Management System 230 Establishing Rewards and Pay Plans 260 Employee Benefits 286 Ensuring a Safe and Healthy Work Environment 312 PART 6 Chapter 14 LABOR–MANAGEMENT ENVIRONMENTS Understanding Labor