Company Overview Fonterra - Free Essay Example

Sample details Pages: 7 Words: 2161 Downloads: 6 Date added: 2017/06/26 Category Marketing Essay Type Research paper Did you like this example? COMPANY OVERVIEW: FONTERRA YEAR OF ESTABLISHMENT: Fonterra group was formed in year 2001 No. of years in Business: It has been 14 years since Fonterra is in Dairy business. Relevant Industry: Fonterra has become a house hold name in dairy. Don’t waste time! Our writers will create an original "Company Overview: Fonterra" essay for you Create order It has spread its wings in many nations like Australia, United States, China etc. Fonterra has many sub brands like Anchor Milk, Farm Gate Milk, Tip Top, Anchor Cheese, Anlene etc. Head Office: Fonterra is working internationally with its head office based in New Zealand Address: Una Place, Takanini, New Zealand. Basic Activities of Company: Exports: Products: Milk, Cheese, Butter and Ice Cream. Countries: United States, China, Australia, Malaysia, Middle East, Africa, Countries of European Union to name few. Activities: Sourcing, production, Manufacturing, Marketing. Company Mission: Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s mission is to be natural supplier of dairy nutrition for everyone around the globe, every day. Objectives: To make Fonterra well-known brand world-wide. Being the natural source of dairy nutrition for everybody, everywhere, every day. Develop strong customer partnerships with leading companies in the food and nutrition industries to become their supplier of choice. Policy: Following is explained the Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s Policy for its commitment to achieve its objectives: Commitment: It is Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s policy to design, develop, implement and maintain a Business Management System that: Overseeing Fonterra, including its control, accountability, decision-making and compliance procedures. Ensuring that Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s goals are clearly established, and that strategies are in place for achieving them (such strategies being expected to originate from management). Establishing policies for strengthening the performance of Fonterra, including by ensuring that management is proactively seeking to build the businesses of Fonterra through innovation, initiative, technology, new product development, and the development of Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s business capital. Establishing performance criteria for Fonterra and monitoring the performance of the Chief Executive Officer and management against these. Appointing the CEO, setting the terms of the CEOà ¢Ã¢â€š ¬Ã¢â€ž ¢s employment arrangements and, where necessary, terminating the CEOà ¢Ã¢â€š ¬Ã¢â€ž ¢s appointment. Adopting appropriate procedures to oversee compliance with all applicable laws, regulations, codes and accounting standards. Establishing Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s risk profile and ensuring that Fonterra has appropriate risk management and regulatory compliance policies in place and that these are monitored on a regular basis, including in relation to health and safety obligations and food safety and quality obligations and objectives. Approving Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s strategy, business plans and policies. Approving and monitoring the progress of major capital expenditure, capital management, and major acquisitions and divestments. The prime management system is always committed towards developing, implementing companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s policies and reviewing them regularly for assumed results. Determining the payment to be made for milk supplied by farmer shareholders. Ensuring that adequate plans and procedures are in place for succession planning in relation to the Board and the CEO. Overseeing progress towards meeting the objectives described in the introduction, including through appropriate engagement with senior managers across Fonterra, and in particular with those managers responsible for championing imperatives around food safety and quality. Assurance and improvements: Fonterra is continuing reviewing its policies and working practices. It involves its shareholders in review meetings and other business related processes to ensure its Management system remains appropriate and fruitful towards its activities, products, services and business related risks. Communication: Fonterra always communicate its policy to its employees at all levels to make sure they work towards same goal and contribute accordingly. The policy is periodically reviewed by companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s management team to check its effectiveness and to make sure employees are working in right direction and in effective way. Business Management System: Purpose and Scope: At Fonterra, purpose of Business Management System is to support its employees in their business related activities so that their interactions are consistent and effective and their work is always fruitful and generate sustainable profit for company while following a nd obeying all current laws and regulations. Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s documented and tested step-by-stepmethodaimed at smooth functioning throughstandardpractices. Fonterraà ¢Ã¢â€š ¬Ã¢â€ž ¢s management system aims on topicssuch as Organizinganenterprise, Setting and implementingcorporate policies, Establishingaccounting, Monitoring, Quality controlprocedures, Choosing andtrainingemployees, Choosingsuppliersand gettingbest valuefrom them, Marketinganddistribution. Compliance is a legal act which cannot be ignored at any cost. Financial Compliance: Compliance issues related to financial management of sale and or purchase, most critically, most stringent illegal monetary movements. Relying on handful of employees say 2 or 3 employees for legal compliance matters, isnà ¢Ã¢â€š ¬Ã¢â€ž ¢t enough. It has to pervade across the organization. Compliance is something which is beyond company administration and is vital for Import/ Export. Not following this can lead to desaturase results which can lead to following: Fonterra can miss deadlines for delivery, which will cause company unexpected costs which will eat its profits. It can also cause Fonterra losing its customers which will hinder its trustworthiness. As per contract signed with its distributors, it can lead to penalties also. Fonterra has set following set of rules for its employees to overcome Money Laundering, Bribery and Client entertainment, Information Security and Data Protection, Trade Finance L/C situation: Directors must act honestly and in good faith in what the Director believes to be the best interests of Fonterra. Directors must carry out their duties in a lawful manner and use reasonable endeavours to ensure that Fonterra carries out its business in accordance with applicable laws and with a high standard of commercial integrity. Directors must act in accordance with their fiduciary duties and exercise any powers for proper purposes. They should comply with the spirit as well as the letter of the law mindful that in addition to purely legal requirements the proper discharge of their duties as directors requires high ethical and moral standards of behaviour. Directors must avoid conflicts of interest wherever possible, and where these do arise, declare and manage them in accordance with legal requirements and the intent and content of this Charter. If a known conflict exists, the Chairman will take all reasonable steps to avoid any relevant papers being circulated to the affected Director prior to any Board discussion taking place. The affected Director should excuse themselves from discussion and should not vote on matters in which they have an interest. Directors will not take for themselves any opportunity discovered through the use of Fonterra property, information or position, or use Fonterra property, information or position for personal gain. Directors will not accept gifts or personal benefits of any value from external parties if that could be perceived as compromising or influencing any decision by the Director or Fonterra. (g) Directors will only trade in Fonterra securities (including Co-operative Shares and Fonterra Shareholdersà ¢Ã¢â€š ¬Ã¢â€ž ¢ Fund Units) in accordance with the Securities Trading Policy. Directors will maintain and protect the confidentiality of information of or held by Fonterra, except where disclosure is allowed of required by law or a relevant regulatory body or the information is otherwise in the public domain. The qualifications and skills of employees include: unquestioned honesty and integrity; a proven track record of creating value for shareholders; time available to undertake the responsibilities; an ability to apply strategic thought to matters in issue; a preparedness to question, challenge and critique; the ability and knowledge to comprehend the wider commercial and economic framework in which Fonterra operates; and a willingness to understand and commit to the highest standards of governance for Fonterra. Custom Compliance: Along with financial compliance, Custom Compliance is equally is equally important and should must not be neglected. It is a technical area which can be worked at with proper training and accurate paperwork and legal advice. Process and Function interactions: Organization Structure: The structure of an organization is based on the business process and functions it carries out and structure identifiers like different terms and departments involved, authorities and international business related activities. Following is an example of organizational structure: Every organization has an Export Compliance Officer in Export Department. Export Compliance Officer is authorised for all compliance related jobs. His responsibilities includes: Signing and authorising license applications. Maintain trade compliance policies and operational procedures. Maintain other procedural changes that apply to export compliance. Prepare complex licenses and agreements to support programs. To supervise and provide development opportunities to the export and import compliance staff. Criminal and Civil liability, Penalties for violating laws and for non-compliance. Standard Operating Procedures: Pro-forma Invoice/ Quotation: It is originated by Sales and Marketing department. Identify the who the customer is, what his product is and which country he is from. Pricing to be worked out which can include freight charges, local transportation, miscellaneous charges, arrival cost or duty etc. To get approval from head of department of Marketing and Finance and Export Compliance Officer. Confirming and matching quotations with agreement. Contract: Started by Sales/ Marketing Team Suggests the terms, contract has been agreed at. Most importantly it includes clauses like payment clause, credit, dispute settlement, terms of trade, description of products etc. Approval from Marketing, Finance and Legal Head, Export Compliance officer. Supplier selection and control: Originated by Supply Department. Supplier is usually selected while keeping factors like, ability to comply with Export/ Import Laws and Regulations. Financial stability of supplier, their reputation, feedback from other companies etc. Export Compliance Officer, Finance head, Supply chain and Legal etc. are involved while selecting a supplier of raw materials. After selection, Supplier is continuously examined to make sure his reliability and performance. Review of Supplier is done each year to track its performance and to consider amount of business to be sourced through him. Purchase order processing Procedure: Purchase Order Processing Procedure can easily be understood with help of following image: When purchase requisition is made, Dept. manager approves the order. It is then approved and signed by Plant Manager. Further Purchase Order form is filled and its copy is mails/ couriered or faxed to supplier to confirm order. Firm record the Purchase order no. After receiving the delivery, receipt of product is matched with PO and on matching, it is sent to accounts department. Procurement of the Order: After order is received, Electronic or Written communication with customer is done, sending him details of order known as Acknowledgement of Order. Afterwards, the sales manager verifies the order and matches it with quote in terms of price, quantity, product no., description, delivery, credit, trade terms, documents, payment terms etc. Order Documents are generated and information of order is entered in Order Processing Form. Plant manage r reviews the order and schedule production meetings. Order is sent to production department. Quality check is carried out while and after production and results are documented for each batch. After production, order is shipped to customer and the details of order received are sent to billing department. Once the order is received by customer, payments received from customer are sent to accounts department for processing. Once the order is complete, all documents related are placed in order files under customerà ¢Ã¢â€š ¬Ã¢â€ž ¢s name, which can be Sales Order, Acknowledgement of Order, Customer order Form, Work Order etc. Documentation and record keeping: Business Management System documents are controlled and kept safe to make sure they describe product, process, responsibility, reliability of records. Management system follows an approved process which is maintained in a documented procedure. List of current version is maintained and their distribution is controlled. Correct versions of documents are available at the locations where they are needed. All controlled documents are approved for release by designated authority responsible for the process. Distribution system is designed to ensure that personnel are aware of relevant documents. Regular training is implemented to ensure that access to the Controlled Technical Data is limited to only those individuals approved to access this data. The Business Management System records are maintained to provide evidence of conformity to requirements and to demonstrate the effective operation of the BMS. Records are made available to review by customer, regulatory authority in accordance with the contract or regulatory requirements. Any records containing confidential data are limited to those individuals approved to access the data. Training: Training sessions aims all employees of company. Almost each employee is given an overview about company and its international business while at time of joining. Organizations has to make sure that person involved in the job is trained for his individual duties. Employees are often monitored by their supervisors to determine their capability to carry out their respective job and responsibilities. Each employeeà ¢Ã¢â€š ¬Ã¢â€ž ¢s training and capability level is recorded and reviewed at regular intervals. Audits: Audits are done at regular intervals to make sure the sturdiness of various departments of an organization to meet 100% compliance. Area Frequency Type of Audit Frequency Type of Audit Marketing Quarterly Internal Yearly External Finance Monthly Internal Yearly External Purchase Monthly Internal Yearly External Training Half Yearly Internal Yearly External References Export Compliance Jobs: Compliance Crossing. (n.d.). Retrieved from Compliance Crossing Web Site: https://www.compliancecrossing.com/job-description/4485/Export-Compliance-Jobs/# Ltd, F. C. (31-Aug-2012). New Zealand Productivity Commission: Local Government Regulatory Performance Issues Paper July 2012 . Fonterra Group. Auckland. Management System: Business Dictionary. (2015). Retrieved from Business Dictionary Web Site: https://www.businessdictionary.com/definition/management-system.html

Essay about Accuracy of the Film The Battle of the Somme

Accuracy of the Film The Battle of the Somme The film The Battle of the Somme was a documentary made by the British government. It was released during to the World War I to give an insight of what was happening on the battlefields in France. It was purposely designed to raise the spirits within Britain and reassure those concerned about there loved ones out on the battlefield. However, It would appear form the evidence studied that the film was not completely accurate or truthful. This essay will review the evidence studied and prove or disapprove this view. The film is split up into three sections; Preparations for battle, morning of the attack and after the attack. The film shows pictures of†¦show more content†¦In some of the pictures taken during the film it is hard to see how the cameramen manages to get his equipment ready so quickly, or why he is not shot at. It all points towards the fact that some of the film was likely to have been staged. The way the film portrays the British armys equipment and supplies is supported by many of the sources. Articles from Newspapers strongly support the films views. For example, one article says The British bombarded the Germans with strong weapons, destroying trenches. Photographs also support the films claims with many pictures of huge ammunition stores. Letters in addition support the film, with letters home saying things like, We ate a huge breakfast with bacon and eggs. and generally saying how the conditions were not unbearable and actually quite fine. However, some sources challenge the films views. Diaries generally disagree with the film with some soldiers saying in their diaries, Food was often stolen from us and we went hungry for days on end. Cartoons in magazines also disagree with the government with many captions of hungry British soldiers. Overall the evidence suggests that the film provides a relatively realistic overview of the Britishs equipment and supplies. Thi s is because although more sources support the governments claims, those sources that supportShow MoreRelatedOrganisational Theory230255 Words   |  922 Pageswhich these learning outcomes provide challenges to the organization in the twenty-first century. Annotated further reading Each chapter concludes with an indication of further reading. We have also included, wherever possible, indications of films and other media that provide insights into the issues covered in the chapter. Discussion questions Finally, each chapter concludes with a number of questions that have been developed for use in seminar discussions or would be suitable as the basis

Carbon Tax

Question: One of Australias largest exports is coal, the burning of which emits significant amounts of carbon dioxide. Using the economic concepts and models introduced in this unit, explain the key differences between a carbon tax and an emissions trading scheme.Critically evaluate the key arguments for and against the carbon tax. Using demand and supply analysis Illustrate how a carbon tax is expected to impact on the market price and quantity traded for a product that creates significant pollution during production Answer: Introduction Carbon tax is a tax that is levied on the carbon content of the fuels. It is considered as a form of carbon pricing. The green house gases emissions is caused by the combustion of the fossil fuels since it is closely related to the carbon content of the fuels. A tax is levied on these emissions in order to tax the carbon content of the fossil fuels at the time of the product cycle of the fuel. The key arguments for and against carbon tax In Favor of carbon tax The main reason behind the implementation of carbon tax is the reduction of carbon pollution. After implementation of the carbon tax, the total carbon pollution that occurs from consumption of electricity in the national energy market has reduced by 5.3 million tons in the 12 months to May 2014. Australia is one of the largest emitter of carbon pollution and the largest per capita. The reduction of the release of carbon has measurable impact on the carbon pollution in the atmosphere. The carbon intensive industries create negative externalities because the external cost of the emission of carbon is ignored. Carbon tax will put a limit to the emissions cost. The carbon tax will enable the business organizations and the consumers to plan their spending of energy and it will provide greater certainty in the investment decisions. The efficiency of the business organizations will increase. The large initial cost of investment can be saved. Carbon tax will be a source of revenue for the Go vernment. If the carbon tax is implemented then the government can reduce the other taxes. The carbon tax will be redirected to the most affected to ensure that the introduction of carbon tax will be revenue neutral. Against carbon tax It is argued that the carbon tax will not reduce the emission of the harmful toxic gases. The implementation of the carbon tax will not affect the carbon consumption. Thus the carbon tax will not have an favorable impact on the economy (une.edu.au, 2011). The level at which the tax will result in favorable outcome is yet not known. Thus the carbon tax will through various changes. This will create political issues in the country. The implementation of flat carbon tax will affect the low income families. The low income households will have to pay a higher tax rate. The implementation of carbon tax by a specific political party will create political vulnerability (Aph.gov.au, 2015). Affect of carbon tax on the demand and supply The industries releasing green house gases will be affected by the implementation of the carbon tax. With the implementation of the carbon tax, the cost of production of the industry will increase. With the rise in the cost of production the company has to increase the price of the product. The rise in the price of the product will reduce the demand for the product as the consumers will search for alternatives. This will reduce the supply of the product and the quantity produced will decline. The demand and supply curve will show the effect of carbon tax implementation. The difference between carbon tax and emission trading scheme Since July 2012, Australia has had set up its carbon estimating plan. It is normally alluded to as a "carbon tax", additionally as an "Emission Trading Scheme (ETS) with a settled cost". Also the arrangement is to move to an ETS with a skimming cost. An ETS lives up to expectations by setting a cap on emanations and obliging emitters to hold a license for every ton of Coà ¢Ã¢â‚¬Å¡Ã¢â‚¬Å¡ that they radiate. The level of the cap decides the quantity of grants accessible. In the event that emitters don't as of now hold a grant, they should either reduce their emanations or purchase a license from an alternate emitter, who should then curtail. This implies that an expense is forced on outflows, equivalent to the cost of purchasing or offering a license. Yet critically its not really the value that causes the general cuts in emanations. The cap decides the level of outflows, and the obliged cuts in discharges cause the cost (Kreiser, Duff, Milne Ashiabor, n.d.). That is, grants have a worth on the grounds that they permit you to abstain from making cuts in emissions. A carbon assessment is kind of the inverse. An expense is added to all outflows, equivalent to the level of the duty, and these reasons individuals to decrease. There i s no cap on discharges in an expense based framework. Individuals are allowed to radiate as much or as meager as they like, yet in the event that they do transmit, they must pay the assessment. Not at all like an ETS, under a carbon charge is it the value that decides the level of outflow (Stern, 2007). Economists contend that, if the business is left to work without any restrictions, green house gas emissions will be extreme; following there is lacking motivation for firms and families to diminish discharges. All things considered, they suggest applying the polluter pays rule and putting a cost on carbon dioxide and other nursery gasses (Sinclair, 2011). This can be actualized either through a carbon charge (known as a value instrument) or a top and-exchange conspire (a purported amount instrument). A carbon tax forces an expense on every unit of green house gas discharges and gives firms (and families, contingent upon the extension) a motivation to decrease contamination at whatever point doing so would cost short of what paying the assessment. Thus, the amount of contamination diminished relies on upon the level of tax paid. The expense is calculated by evaluating the expense or harm connected with every unit of contamination and the expenses connected with controlling that contamination. Getting the duty level right is key: excessively low and firms and family units are prone to select paying the assessment and keeping on polluting, well beyond what is ideal for society. Excessively high and the expenses will climb higher than would normally be appropriate to lessen discharges, affecting on benefits, occupations and end shoppers (Zhang, Zhang Zhang, 2013). By complexity, a cap and trade system sets a greatest level of contamination, a cap, and disperses emanations licenses among firms that create discharges. Organizations must have a grant to cover every unit of contamination they create, and they can acquire these licenses either through a starting allotment or closeout, or through exchanging with different firms. Since a few firms inescapably discover it simpler or less expensive to decrease contamination than others, exchanging happens. Whilst the greatest contamination amount is situated ahead of time, the exchanging cost of licenses vacillates, getting to be more costly when interest is high in respect to supply (for instance when the economy is developing) and less expensive when interest is lower (for instance in a retreat). A cost on contamination is subsequently made as a consequence of setting a roof on the general amount of discharges. In certain glorified circumstances, carbon expenses and cap and trade have precisely the s ame results, since they are both approaches to value carbon. Nonetheless, truly they vary from numerous points of view (ABC News, 2011). One distinction is the way the two approaches convey the expense of diminishing contamination. With cap and trade, it has frequently been the situation that allows is given out free of charge at first (known as "grandfathering"). This implies less expensive agreeability for industry in the early phases of the plan, on the grounds that they pay for any additional licenses purchased from different firms not for the starting tranche of grants given to them to cover the greater part of their outflows under 'the same old thing'. This methodology is clearly well known with industry and clarifies why grandfathering has been utilized, since it causes get firms to acknowledge controls on emanations in any case (Rckert, 2015). By complexity, with an assessment there is a prompt expense for organizations to pay on every unit of nursery gas delivered, so there is a greater introductory hit to the asset report. Anyway while grandfathering is better for close term business gainfulness, it is not so much the best result for society. Surely, it denies the administration of important incomes, which it could bring up in selling the licenses at first, and which could be utilized to lessen different expenses. What this implies for environmental change approach is wrangled about. In the short term, most economists concur that instability alone contends for an assessment. Environmental change relies on upon the load of nursery gasses in the climate, and in every year the increment in that stock because of new discharges is little, so the earth is most likely not that delicate to the vulnerability about the level of emanations realized by picking an expense, at minimum over a year or two. On the opposite side of the record, the expense of decreasing contamination is very touchy to changes in emanations, since it can be lavish to organizations to change their generation techniques suddenly. In the long haul, be that as it may, it is less clear whether an assessment is best, on the grounds that enormous changes in the load of nursery gasses in the climate may cause considerable natural harm. A few economists prescribe a cross breed model that may offer the best of both planets (The Conversatio n, 2011). This has a tendency to include a top on discharges (to control the amount of contamination), yet with modification systems, for example, a carbon value floor or roof, to keep the cost of a license inside satisfactory limits. Mixture plans have their own particular issues, in any case, for example, more prominent many-sided quality and more intercession by the controller in the license market. Whichever of these arrangements is favored to place a cost on carbon, they speak to only one of various approaches expected to cut nursery gas discharge (the Guardian, 2013) Conclusion Carbon tax and emission trading scheme are two ways of reducing the carbon emissions. This will prevent the formation of the green house gases which has adverse effects on the environment. The implementation of carbon tax will have negative impact on the production of certain products but it will protect the economy on a larger scale. References ABC News,. (2011). Explained: Carbon taxes, emissions trading and direct action. Aph.gov.au,. (2015). Carbon taxes Parliament of Australia. Kreiser, L., Duff, D., Milne, J., Ashiabor, H. Market based instruments. Rckert, K. (2015). Longlife: Development of standards, criteria, specifications (pp. 260-300). Sinclair, M. (2011). Let them eat carbon. London: Biteback. Stern, N. (2007). The economics of climate change. Cambridge, UK: Cambridge University Press. The Conversation,. (2011). Explainer: The difference between a carbon tax and an ETS. the Guardian,. (2013). Carbon tax v cap-and-trade: which is better?. une.edu.au,. (2011). The Impact of a Carbon Tax on the Australian Economy: Results from a CGE Model*. Zhang, R., Zhang, Z., Zhang, J. (2013). LISS 2012. Berlin: Springer.