Essay on Lack of Economic Equality in Society - 1326 Words

Everywhere in the world there are gross inequities of income and wealth. They offend most of us stated Milton and Rose Friedman in Created Equal (280) . Economic inequalities cause poverty, this disparity fuels social conflict. This economic oppression thrives within the heart of all societies. Poverty is recognized in many forms: hunger, homelessness, being ill without the ability to seek medical attention. Poverty also includes powerlessness, lack of freedom, spurred on by lack of representation. During economic change, whether gradual or suddenly, the fallout has an effect on all people. Social inequality is deeply and tightly woven throughout the world, defined by race, ethnicity, gender,†¦show more content†¦The social conflict paradigm recognizes that patterns which benefit some people more than others due to their social standings. America was once described a rich and free country where the streets are paved with gold and opportunity is knocking around every corner. Why then, are there so many poor people in America and more disturbingly that most of these poverty level people are women? The answer is quite recognizable, the disparity originates with economic inequality. Economic society does not provide the same opportunities for a man versus a Woman, nor to poor people versus people who come from a rich and prestigious family. For example, assume that a man and a woman both with the same academic backgrounds and qualifications apply for a job, the man has a marginally superior chance to secure the job as opposed to the woman?s odds. Discrimination plays a paramount role in our society today and discrimination and f avoritism is what fuels and sustains economic inequality. The woman applicant doesn?t have the same advantages, written or not written, spoken or unspoken than that of the man, these factors create social barriers. Often times we wonder why is this happen, because we are created equal as Thomas Jefferson emphasized inShow MoreRelatedThe Article Fixing Women Or Fixing The World? Smart Economics , Efficiency Approaches, And1540 Words   |  7 Pages The purpose of the paper is to review the article, â€Å"Fixing women or fixing the world? â€Å"Smart economics’, efficiency approaches, and gender equality in development† by Sylvia Chant Caroline Sweetman. This article primarily focuses on ‘Smart economics’, referring to an investment in women for encouraging economic growth and providing impetus to women’s empowerment and gender equality. This article addresses four main points. First, at the UN’s Fourth World Conference on Women in Beijing in 1995Read MoreDeontology Is An Ethical Theory900 Words   |  4 Pages Throughout history, wars over the meaning of equality have been expressed in many ways for the purpose of establishing one standard to the meaning of equal. 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The Contributions Of Paul On The Rise Of Christianity

Paris Hunt Dr. Charles Ellis HUM 1101 June 8, 2015 Chapter 4 Discussion Explain the contributions of Paul to the rise of Christianity. Paul of Tarsus is the most essential figure in early Christianity. His transformation to Christianity opened doors for the religion. Paul s associations, political aptitudes, and Roman citizenship gave opportunities other Christian pioneers needed. Paul s work made Christianity open for the masses and expanded its range past the Holy Land (Fiero 98). Paul was a Roman citizen and Jewish. His citizenship gave benefits and immunities shut to numerous early Christians. Furthermore, he was knowledgeable and rich which brought political associations that the Apostles needed. Paul was especially famous amongst Jewish leader. Initially, Paul aggrieved Christians as blasphemers. He accepted the Christians distorted Judaism by asserting Christ s divine nature. At some point after Christ s crucifixion, he changed over. As indicated by tradition, Jesus went by Paul on the road toward Damascus. In the vision, Christ asked Paul why do you persecute me? The vision shortly blinded Paul and prompted his change. Some current researchers conjecture that Paul of Tarsus endured a seizure which prompted pipe dreams. He in the long run recaptured his sight and changed over. After his transformation, Paul started his service. He isolated himself from the congregation in Jerusalem. This is essential for two reasons. Initially, it permitted him to buildShow MoreRelatedWhat Stands Beyond The Triumph Of Christianity1695 Words   |  7 Pages What Stands Beyond the Triumph of Christianity For several centuries of Roman Empire existence, it seemed that nothing could stand against its mighty power. No kingdom could match their military or political power for over five hundred years. However, the Rise of Christianity brought the defeat upon Romans. 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Erp Implementation at Mtr Foods free essay sample

Foods has been able to simplify its supply chain and increase its bottom-line growth. A MTR Foods has been grappling with the intricacies of managing its supply chain to generate a profitable rate of growth. Among the top-five processed food manufacturing companies in the country, the company has seven diverse businesses—ready-to-eat foods, instant foods, ice-cream, meal accompaniments, frozen foods, spices amp; masalas, and vermicelli—and 200 products in all. The company also exports its products to the US, Canada, Europe and Australia. The raw material required for each plant is unique. Maintaining quality while managing such a complex supply chain that involves everything from the selection of products to sending out the finished products was difficult. For instant food, we have 600 raw materials to source. As the company is in the processed foods industry, it cannot buy the raw materials that are required in bulk in advance. In the pre-SAP period we used to buy 65 percent of our annual raw material requirement in the agricultural season to get the best of the yield, which would lead to our working capital getting locked up. We will write a custom essay sample on Erp Implementation at Mtr Foods or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Some percentage of this raw material used to spoil, and had to be discounted leading to a clear input cost loss. Similarly, for our vermicelli production, we used to source 12,000 tonnes of ‘chiroti suji’ from 40 different suppliers as far away as Uttar Pradesh, Madhya Pradesh and Haryana. The first challenge was to ensure a steady and transparent supply chain since inefficiencies and delays in supplies are common and natural in agricultural commodity markets, leading to spiralling costs. Everything was done in Excel. From the bill of material onwards, the issuing of bills, input/output entry and cost analysis were compiled manually. Since data entry was done lot-by-lot and batch-by-batch, it was a time-consuming task and the process was prone to errors. Because of the manual paper-based entry system, a lot of paper bills used to land up in the finance department where they were consolidated. Reporting (accounting) was possible only after a month. Data that had been keyed in or printed during the first fifteen days of a particular month was not available. Daily reports for analysing raw material procured vis-a-vis profitability—which was desirable—remained a dream. The management did not get even preliminary data for making decisions. MTR Foods was using many legacy applications that had been developed in-house. For example, for accounting they used Tally, for purchase orders and inventory a FoxPro package. The lack of control and check mechanisms allowed anybody to alter data and goods receipt notes. Production flow and warehousing was also handled by a FoxPro application. None of these applications was linked, and duplicate entries flourished whenever there was a transfer of materials from one plant to the other. The company wanted to maintain its CAGR of 30 percent, and set an internal target of touching Rs 500 crore by 2007. To achieve this it need to grow even faster, at 50 percent. But cranking up production called for increased spending on its supply chain. The natural corollary was that an ERP package was the need of the hour. After four months of evaluating popular MNC ERP systems, MTR zeroed in on SAP in 2002 because it permitted online updating using VPN as against a competing product that required additional investment in a VSAT network. SAP’s solution was also found to be more economical, and its release of patches was faster. In March 2003, the company settled on SAP R/3 Enterprise Version 4. . Five key modules were to be deployed: production planning, material management, quality assurance, sales amp; distribution, and financial accounting. Instead of customising R/3 which would have required us to make a further investment, we decided to re-engineer our business processes to suit the R/3 package. For instance, purchase negotiations used to be conducted at the Bangalore head office; this activity was shifted to the plant. The release of payments (invoicing and verification) was done at the plant; this task was shifted to the head office. The process re-engineering to suit R/3 led to a smooth deployment, with Lamp;T Infotech as the implementation partner. The apex steering committee identified ten key functional heads for training, who, in turn, trained fifty other users. In August 2003, MTR went live with SAP R/3 and cut out the parallel processing (legacy applications). Quantifiable benefits| Improvement in working capital | In the pre-SAP environment, MTR foods used to procure 65 percent of its raw material requirements on an annual basis. After the ERP implementation, this has come down to 45 percent, and released much working capital. R/3 also lets the company calculate the exact amount of raw materials required, and brings transparency to the supply chain. Now damage, wastage and slow-moving products can be singled out. | Reduced inventory| Pre-SAP, MTR used to take 30 percent stock cover (valued at Rs 70 lakh) for 20 days. This has dropped to 14 days. | Cost control | Earlier, MTR relied on historical data to calculate profitability. According to Shenoy, the problem with this approach was that inter-category product profitability could not be determined. To maintain a good margin, product profitability should be at least 60 percent. But if it gives you only 55 percent, then an analysis needs to be conducted as to why the remaining five percent is not being earned. Additionally, there was no mechanism to check profitability on a regional basis. R/3 helps achieve cost control, category- as well as region-wise. | Fatter margins| In the past, the reasons for input or output wastage, and where those wastages happened, were not known. With R/3 in place, the company has saved one percent of the wastage. This has helped MTR raise its gross margins from 45 percent to 49 percent per month, which translates into an improvement from Rs 20 lakh to Rs 25 lakh per month in profitability. | Tabs on defaulters| MTR had to incur a loss of Rs 45 lakh per month due to payment defaults by its distributors (bouncing of cheques, etc. ) Today, it has been able to cut its losses by blocking the release of fresh orders until a distributor clears the previous invoice and falls in line with the company’s directions. With this, the company has reduced defaults to Rs 15 lakh per month.