Generic Biologics As A Tool For Evaluating The Safety And...

1.Background/Statement Of Problem: Generic biologics (otherwise referred to as biosimilars or follow-on biologics), are described by the FDA as biological products that are highly similar to already approved biological products, notwithstanding minor differences in clinically interactive components and for which there are no clinically meaningful differences between the biosimilar and the approved biological products in terms of safety, purity and potency [4]. Biosimilars are copies of approved biologics, whose patent protection has ended and are analogous to a generic version of a chemically derived drug. Generic biologics are however more complicated to develop than a generic version of a chemically derived drug owing to their complex structure and inherent variability [3]. The assessment of bioequivalence as a tool for evaluating the safety and efficacy is based on the fundamental Bioequivalence Assumption that if two drug products are shown to be bioequivalent in average bioavailability, it is assumed they will reach the same therapeutic effect and be used interchangeably [1]. However, characterizing generic versions of small molecules drugs is considerably easier than characterizing biologic drugs due to several key characteristics [3], based on the fact that characteristics of biologics are influenced by: choice of source materials (cell line), production process, purification process and the final pharmaceutical formulation. Differences inShow MoreRelatedtable of proposal target and time scale10137 Words   |  41 Pagesthe SWOT Analysis (Threats and Opportunities) and PEST. As I think it is the most suitable auditors in making a research for PFIZER external situation. SWOT ANALYSIS www.google/image.com Based on Marketing notes books, SWOT analysis is a tool for auditing an organization and its environment. It is the first stage of planning and helps marketers to focus on key issues. SWOT analysis is a very short analysis and it is very easy to understand. SWOT stands for strength, weaknesses, opportunitiesRead MorePharmaceutical Price Controls in the Oecd Countries47662 Words   |  191 Pagesthat consumers would benefit both from technological breakthroughs and the competition that further innovation generates. The United States also relies on a strong generic pharmaceutical industry to create added competitive pressure to lower drug prices. Recent action by the Administration and Congress has accelerated the flow of generic medicines to the market for precisely that reason. By contrast, in the Organization for Economic Cooperation and Development (OECD) countries studied in this reportRead MoreGsk Annual Report 2010135604 Words   |  543 Pagessubstantially re-engineered GSKâ €™s business through major restructuring and a more rigorous approach to capital allocation. The effects of these changes in 2010 were masked to some degree by speciï ¬ c events. Reported sales, for example, were impacted by generic competition to Valtrex, and reduced sales from Avandia and pandemic related products. Meanwhile earnings were impacted by the signiï ¬ cant charge we took to help resolve long-standing legal matters. This belies the good progress we have made to executeRead MoreCase Study148348 Words   |  594 PagesIntroducing Strategy The Environment Strategic Capabilities Strategic Purpose Culture and Strategy Business Strategy Corporate Strategy and Diversification International Strategy Innovation and Entrepreneurship Mergers, Acquisitions and Alliances Evaluating Strategies Strategy Development Processes Organising for Success Leadership and Strategic Change The Practice of Strategy Pages 30 37 47 59 69 79 88 99 108 115 122 132 144 150 162 Case Teaching Notes The LEGO Group: Working with StrategyRead MoreProject Mgmt296381 Words   |  1186 Pagesscope 5.3 Creating a WBS 5.4 Tools and techniques 6.1 Define activities 9.1.2. Responsibility matrixes 10.1 Communication planning (.2.3.4) [App. G-4] Chapter 12 Outsourcing 12.1.1 Procurement requirements [G.8] 12.1.2.3 Contract types 9.4.2.3 Conflict management 12.2.7 The art of negotiating 12.2.3.5 Change requests Chapter 13 Monitoring Progress Chapter 5 Estimating Times and Costs 6.4 Activity duration estimates (.3) 6.4.2 Estimating tools (.1.3.4) 6.3.1 Identifying resourcesRead MoreMedicare Policy Analysis447966 Words   |  1792 Pagescov21 erage shall notify enrollees of the change at least 90 days 22 before the change takes effect (or such shorter period of rmajette on DSK29S0YB1PROD with BILLS 23 time in cases where the change is necessary to ensure the 24 health and safety of enrollees). †¢HR 3962 IH VerDate Nov 24 2008 12:56 Oct 30, 2009 Jkt 089200 PO 00000 Frm 00102 Fmt 6652 Sfmt 6201 E:\BILLS\H3962.IH H3962 103 3 Subtitle C—Standards Guaranteeing Access to Essential Benefits

Technology And The Digital Economy Essay - 1854 Words

The continuous improvements in technology and the digital economy have given means to the economic innovations that are taking place on the internet, such as the growth of crowdfunding. This has enabled business entrepreneurs, organisations and individuals to seek funding or donations online for their projects, business start-ups and personal related issues. Crowdfunding has given people the ability to reach a larger population when seeking funds through online crowdfunding platforms without being restricted to family and friends and without having to acquire loans which may be required to be paid back, as most crowdfunding websites do not require anything to be paid back in return for the funds raised. Outlaw (2013) states that there are four main types of crowdfunding being used in today’s economy which include: Donation, Reward, Debt and Equity Investment crowdfunding. Rewards based crowdfunding; the most widely used form of crowdfunding, is being used mostly by entrepreneurs as it allows users to start a campaign on websites such as Kickstarter.com and Indiegogo.com. Through these websites, individuals and creators of projects can pitch their products and services with a targeted goal amount and a reward system that encourages investors and donors to pledge and receive a reward if the set goal is achieved. The rewards are usually in the form of a discounted price when purchasing the product or being the first to own the product when it launches. This excitement to be theShow MoreRelatedTechnology : The Backbone Of Digital Economy938 Words   |  4 PagesWe are living in an era governed by the internet and technology. Technology has paved ways for businesses as a whole to be more productive and operate more efficiently. The internet and information technology has also proven to create huge breakthroughs for various departments within businesses. à ¢â‚¬Å"In the information era, ITs are widely applied in all organizational functions by transforming organizational architecture and the way that people work, communicate, and interact within and across organizations†Read MoreGlobalization : The New Era Of Global Flows883 Words   |  4 Pagesthe volatility the market is seeing today. However, in reality, we are entering a new phase of globalization defined by flows of data and information. Digital flows, which were virtually nonexistent at the turn of the millennium, now exert a larger impact on GDP growth than the age old trade in goods. According to a recent Mckinsey report, Digital globalization: The new era of global flows, found that trade of all kind contributed 10% or roughly $7.8 trillion to global GDP. Data alone accounted forRead MoreDevelopment Of Information And Communication Technology1625 Words   |  7 PagesCommunication Technology (ICT), the Digital Economy has begun to enter our field of vision, and it has become an important driving force of global economic and social development. This idea has been launched by OECD (Organization for Economic Co-operation and Development). Due to the promotion of the digital economy, the development of human changes from the atomic process to information processing (Negroponte, 1995). In digital economy, the digital network and communication technology facilities provideRead MoreAnalysis : Addressing The Tax Challenge Of The Digital Economy1602 Words   |  7 PagesAddressing the Tax Challenge of the Digital Economy Base erosion and profit shifting (â€Å"BEPS†) is a reference to the overall tax strategies of large multinational organizations that involve exploiting the differences and gaps in the tax systems around the globe. By capitalizing on those differences, corporations are able to move their profits around to countries with low or zero tax rates, synthetically decreasing the amount of taxes paid. Although this practice is not inherently nor necessarilyRead MoreDigital Technology And Its Effect On Society1170 Words   |  5 PagesDigital citizenship can be defined as the norms of appropriate, responsible behavior with regard to technology use. 1. Digital Access: full electronic participation in society. Technology users need to be aware that not everyone has the same opportunities when it comes to technology. Working toward equal digital rights and supporting electronic access is the starting point of Digital Citizenship. Digital exclusion makes it difficult to grow as a society increasingly using these tools. HelpingRead MoreTechnological Advancements Around The World Have Developed1609 Words   |  7 Pagesapplication technology as a critical tool useful in the definition of social as well as economic advancements. The extent to which different people can access the technological advancements is significant to the definition of how challenging it is for people to access the same technological advancements, hence the creation of a digital divide. The digital divide can be defined as the state of social inequality defined in relation to the access, use, as well as impacts linked to the use of digital communicationRead MoreHow Does A Generic Digital Wallet Work?1654 Words   |   7 Pagesdoes a generic digital wallet work? What typical features does a digital wallet offer to users? (2 mark) Digital wallet is a software app (application) for you smart phone that digitally stores your loyalty cards and coupon codes in your phone so you don’t have to keep a bunch of plastic cards in your wallet. Digital wallet also uses NFC (near field communication) to pay for you purchases replacing your credit cards. 2. What technologies are currently required to use a digital wallet? NFC technologyRead MoreComputer, Robotics, And Automation Are Driving More And More Of Production1225 Words   |  5 Pagesfrom technological changes to becoming a more sustainable, broad- based economy: Reducing the tyranny of distance, boosting trade and creating new business models but also promoting outsourcing of work overseas. Internationalising labour markets are expanding the skilled labour pool. Developing commercially functional goods and services from new technologies often takes a lot longer than expected. Leveraging clean technologies to improve sustainability. Fostering entrepreneurship and addressingRead MoreMarketing Space(Digital) Place(Physical) Essay1620 Words   |  7 Pagesâ€Å"marketing involves decisions crucial to the success of every organization, whether large or small, profit or nonprofit, manufacturer, retailer, or service firm.† (p. 4). In this new economy and web-savvy age that we are living in, companies must be able to have not just a physical place for the organization but a digital space for it as well to compete with their online competitors and to shift themselves into the global market that is accessible, available, marketable and viable in every way fromRead MoreFdi Of Digital Indi An Initiative Of Government Of India Essay1651 Words   |  7 PagesFDI IN DIGITAL INDIA Dr. Shobha Edward,M.C.S.,M.Phil.,P.G.D.P.M.L.L.,P.G.D.C.S.M.,D.L.T.,Ph.D., Associate Professor, Principal i/c Head of the Department of Corporate Secretaryship, K.C.S.Kasi Nadar College of Arts Science. Email: shobhaedward@gmail.com _________________________________________________________________________ Abstract Digital India is an initiative of Government of India to integrate the government departments and the people of India. Digital India mission is expected to

Employee of the Month Free Essays

string(66) " day for the person that shows the most dedication and hard work\." Employee of the Month After watching â€Å"Employee of the Month,† it was clear to see that there were two main issues. These issues were motivation and ethics and they both came up throughout the entire movie. It was almost immediately shown that moviation was an issue at the Super Club (where they all work) with almost all of the employees, each seemingly being motivated in a different manor. We will write a custom essay sample on Employee of the Month or any similar topic only for you Order Now Since the main protagonist of the movie was Zack (played by Dane Cook), an in-depth look at how his motivation changes throughout the movie would be a great comparison to the real life problems of motivation that employers face. The best way to understand Zack’s styles of motivation would be to look at them through Maslow’s hierarchy of needs. Maslow’s hierarchy states that people have five basic types of needs: physiological, security, affiliation, esteem, and self-actualization. Through the accomplishment of these, a person would be able to work their way up the hierarchy and eventually come to the point at which they are maximizing their personal achievement with self-actualization. When looking at how this applies to Zack, it is clear that he was not at the top of the hierarchy at the beginning of this movie, and it is only through many different events and realizations that he begins to achieve what he is personally capable of. As the movie starts, Zack seems to be somewhere between the stages of affiliation and esteem. It seems that he is finding the physiological, security, and most likely also the affiliation needs all achieved, but that is where it seems to stop. The physiological needs, which include basic survival needs such as food, water, air, and shelter, are all being provided as he has a home to go to and seems to be fairly well nourished throughout the film. The next stage, the security needs, also seem to be satisfied. Being able to live with his grandmother and not engaging in any kind of dangerous activities seems to prevent him from being in danger of any pain or life-threatening situations. This leads him to the affiliation stage, which seems to be the last stage of the hierarchy that he has satisfied at the beginning of the movie. Affiliation needs are those that involve being loved, and having friendship, both of which Zack seem to have. Again, living with his grandmother seems to fulfill the part of being loved, as they have a very good relationship. Along with that, his close group of friends at work seem to fulfill the part of having friendship, as he is seen constantly talking to them and hanging out with them. However, this seems to be the extent of what he has fulfilled at the start of this film. The next stage in the hierarchy is the esteem stage. Esteem focuses on respect, recognition from others, and feelings of self-worth. It seems apparent that other that his close friends, there aren’t many people that truly recognize Zack and probably even less that actually have respect for him. Therefore, though it seems that he is content with his position at the beginning, he is not actually happy about where he is at and doesn’t have the feelings of self-worth that come with achieving the esteem stage of the hierarchy. This, however, soon begins to change with the arrival of a new cashier, Amy. When she transfers to the store, Zack suddenly has a reason to achieve a higher stage, both with a challenge against the lead cashier (Vince) and also challenging himself that he can become the employee of the month. During this competition with Vince, Zack begins to focus more on being recognized by others for the work that he does, begins to be respected by both his peers and his supervisors, and finally starts to have a sense of self-worth because he is able to compete with the reigning 17 time employee of the month. This is probably the longest stage throughout the movie, leading to many changes in both his behavior and his relationships with his friends and his enemies. The final stage of Maslow’s hierarchy is the self-actualization. Though it is a long time coming for Zack in the film, he eventually reaches this stage by losing everything that he has. It is towards the climax of the movie that everything seemingly falls apart for the main protagonist, and it is only after he apparently loses all that he has been working for that he realizes that he shouldn’t be working just to impress others, but instead take pride in the work he does and do the best he can simply for himself. When he reaches this stage, he is able to focus on what he must do and eventually makes right everything that had previously gone wrong. He discovers the fact that trying to please everyone around him will only end up stretching him too thin, and the only way to truly achieve his own maximum personal achievement is to take pride in his work. Throughout the movie, it is possible to see the different stages of Maslow’s hierarchy and what kind of characteristics come with being in a certain stage. When only worrying about the lower levels of the hierarchy, it is easily possible to simply become complacent with your job and lack the motivation to achieve your personal best. It is only when you can become proud of your work and strive to achieve the very best that you personally can that the achievement of self-actualization is possible. Not only are employees motivated by their own needs, but they are also motivated by different techniques that employers use. In the movie, it appears that they are partially relying on the goal-setting theory. This theory assumes that the mere existence of a goal is motivating. One of the techniques the managers apply is a gold star sticker every day for the person that shows the most dedication and hard work. You read "Employee of the Month" in category "Papers" Then at the end of the month the stars are counted up and the one with the most is the employee of the month. In order for this theory to work, however, there are some principles that must be met: 1) Set clear and specific goals, 2) Assign difficult but achievable goals, 3) Increase employee acceptance of goals, 4) Provide incentives to achieve goals, and 5) Give feedback on goal attainment. The first principle is met in this instance. The employees are aware of what they need to do to attain a gold sticker, and that they need the most stickers to achieve the goal of employee of the month. The second principle is met as well. The goal is difficult in that you have to be better than everyone for most of the month, but there is always a winner every month so it is obviously achievable. The managers may need to work on the third principle, though. Not all the employees, like Zack in the beginning, accept the goal or think they are worth achieving. The managers could potentially involve employees in the goal-setting process to make them more accepting of the goals. There may not be any monetary incentives for the employee of the month, but there is a higher status associated with the title. This fact means that the fourth principle is being met. When someone is made employee of the month, they receive the intangible incentive of being recognized by their co-workers and managers as being worthy and a hard worker. There is also feedback given on achieving the goal of employee of the month. In the movie, there is a banquet and a car that was going to be in Vince’s honor for being employee of the month for 18 months in a row. One of the managers from corporate comes to the store to give recognition, also. Reinforcement theory is also apparent in the movie. The gold sticker method is an example of operant conditioning under this theory. Operant conditioning proposes that if a pleasurable consequence follows a behavior, the behavior will continue. When an employee displays good behavior or is an outstanding employee, they receive a gold star. This encourages employees to continue to get gold stars and continue their behavior so that they can eventually become employee of the month. Operant conditioning is also apparent in how they deal with bad behavior. The managers use extinction for this. Instead of punishing employees for unwanted behavior, they ignore it. Zack never was really punished for not being his best, he was just ignored. But Vince was the center of attention because of his good behavior. Although there were many factors involved, ignoring Zack did help stop his bad behaviors, like being late and slacking off. The most popular approach to designing work for increased motivation in the U. S. is the job characteristics model. The core characteristics are: skill variety, task identity, task significance, autonomy, and feedback. These are all things that increase an employee’s psychological motivation because they feel their job is meaningful. Not all people, however, like jobs with enriched job characteristics. Zack at the beginning of the movie is a prime example of this. He is only working for the extrinsic values, like a paycheck. He wasn’t concerned with doing extra or with getting anything extra out of his job. Another big issue that was prominent throughout the entire movie was ethics. There are many examples of common ethical situations that were broken and there was not much done to stop all the nonsense that went on during the workdays at Super Club. In our textbook it states that â€Å"Usually, procedures and policies in a company regarding social responsibility reflect the ethical values and decisions of the top management team. † Now the top management team in the movie seemed out place and not really caring what went on with the employees. They were more worried about other things going on in the store and outside the store. So while the managers worried about other activities going on most of the employees just goofed off most of the day and made work seem more like a hang out than actual work. Everything the employees did during the movie made it funny, but in all reality most of the employees would have been fired for what they have done. There were three main managers in the movie: Glen Gary (store manager), Dirk (Assistant Manager), and Glen Ross (CEO). Glen Gary and Dirk most of the time were walking around with a check board looking for good things that were happening and figuring out who they could give the gold star to that day. They were only aware of the good things going on in the store and were really missing out on what the employees really did at work. Glen Gary was more worried about impressing corporate and making his older brother Glen Ross happy and keeping him out of their store. Dirk was just there doing the same things as Glen Gary and was sucked into his management style. It seemed that their store was performing exceptionally well under the circumstances of the management style and the work ethic of some of the employees, but they probably could be doing a better job than what was really going on. Ethics was something never talked about in the movie, and one can clearly see that the managers were not concerned with the ethical dilemmas of the store. In our textbook it has a section in Chapter 4 named â€Å"Ethical Philosophy†. There are two traditional views discuss under this topic in the chapter. The first view is teleological ethical theories, which is the morality of an act or practice that comes from its consequences. There are several different examples throughout the movie that prove this theory correct. One example is in one of the opening scenes where a young boy wants a remote control truck, but his mom tells him no and that it is too expensive for them to buy. Zack overhears this conversation as he casually rolls by and cuts the box open and states that there is now a 40 percent discount on the box because it is open. Although it is not in the best interest of the store to sell it a low, discounted price, Zack is just being himself and trying to help the boy out in getting the new toy. The consequences of this act could be brutal for Zack or nothing could happen to him. If he gets caught on surveillance or another employee reports him, he could very easily be fired or put on some sort of probation for disobeying store policies. On the other hand if Zack does not get caught he will continue to do this for other customers and therefore lower the stores income. The people that Zack is giving the discounts to are going to think that he is very nice for doing that or may question the ethics of the store. So their response may either be a good or bad as well. They can either return to the store and expect to receive the same treatment with a good deal or someone will cut a package open for them again. The good outcomes would be like utilitarianism. Cutting a box open for a customer, to lower the price of the product, is crucial to Zack, because he wants to make customers happy. The bad outcome would be that the customer would not come back to the store because they were offended by the act that Zack committed. There are many different ways one can analyze the situation, but the consequences can be good for some and bad for others and vice versa. This is when the deontological theory comes into play. The theory focuses on actions that have a good or bad morality regardless of their outcomes. One should simply follow their companies ethic guidelines, even if that means that the customers you are working with aren’t happy. In the end, motivation and ethics played a big role in the film, â€Å"Employee of the Month. † Having motivation and having there be ethics in a workplace, is a big part in most companies today. Without these the company would most likely fail. How to cite Employee of the Month, Papers

Simulation of Inventory Planning and Control

Question: Discuss about the Simulation of Inventory Planning and Control. Answer: Introduction: Supply chain management is a field of business which impacts the students and the business holders an important aspect of the best method through which one can ensure smooth flow of the inputs and output in the firm. It gives the framework through which the best managerial workload in the logistics sector of an organization should be put in place. Companies who apply the most suitable model of the supply chain in the firm will avoid the challenges which come with recklessness. For instance, their businesses will not face theft and fraudulent activities since all behaviors are in an organized perspective. In our case, one will delve upon Coca Cola manufacturing company. As the supply manager of this large corporation, one is expected to have the best modus operandi so as to counter defy arising from running a big organization. Additionally, Christopher, (2016) states that, Coca Cola is a multinational association and thus the manner in which the inflows and the outflows moves should b e critically studied. This corporation was established in 1886 by purchasing the franchise rights of the Coca-Cola formula and brand which was dealing with nonalcoholic drinks. Later on, the management decided to incorporate it and develop into a soft drink company. By the year 1929, this association at established branches all over the world dealing with the manufacturing of different kinds of soft drinks under the umbrella Coca-Cola. Currently, it is found in all continents. Besides, it is ranked the best in the production of nonalcoholic drinks in the universe. Its achievement was realized from the well-developed distribution and strategic management from the headquarters (Souza, 2014). Therefore, in this piece of work, one will delve upon the core flows in the supply chain, the make process, the supply chain forecast of the Coca-Cola enterprise so as to come up the precise information pertaining procurement administration. Key flows in supply chain The efficient flow of different constituents of a company production is pivotal in ensuring there is the coherence of the manufacturing involved. These mechanisms encompass products, information, and cash and return flow. The Coca-Cola Company has all these strategies in place so as to pave the way for continued improvement of its trade globally. The corporation has an integrated production flow so as to ensure the business runs accordingly. Their processing plant is created in such a way that they receive the sugar from the supplier and the concentrated formula from the coca cola international. After having received, they dilute and the process of the formulae which are then bottled in different plants owned by the company (Pinho, et al., 2017). The product is later own sold to the regional dealers who then ensure they reach those dealing with them from a local perspective. The final stage in production ends with the selling of the product to the consumer. Additionally, the information system of Coca Cola Company is also quite modernized. The supply chain information flows from the suppliers to the manufacturers as per the request and vice versa. The manufacturers then consult with the different branches dealing with the assembly concerning the products as well as the various management sectors of the branches (Liu, Yeh Lo, 2017). As the distribution continues, the meeting point communicates with the retailers concerning the amount they need as well as the distributors communicate with assembly point by giving out their views. The consumers and the retailers from the last stage in which the customers receive the information from the retailers as well as the retailers receive complaints and so forth from the buyers. The kind of communication used in coca Company is a two way method (Goodier, 2015). It is represented in the table below; The cash and return flow are also utilized in the corporation so as to ensure sustainability of different sectors of production in it. The consumers buy the soft drink from the retailers who sell them in their shops. The money collected is used by the retailers to purchase the soft drinks from the wholesalers who make their direct purchases from the assembly points (Papadopoulos et al., 2017). The funds received from the sales are sent to the Coca Cola International who uses the returns in making of the budget for the company (SHARMA, 2016). Coca-Cola Company should apply some theories so as to guarantee their continued sustainability in the trading field. Primarily, they should employ strategic choice theory which entails that the company should have a well-developed system through which they can deal with political forces which might affect the distribution of their yields. This approach will ensure the challenges experienced by the company in war-torn parts of the world are solved . Besides, the company should apply the use of systems theory in solving matters related to financial, human and information material in the firm. The company should apply this model so as to certain that the internal and the external factors shaping up the business improve (Wieland Handfield, 2016). The game theory can be included as well in the running of the endeavor. It helps in solving of the different decisions affecting the firm, for instance, the managerial body in making decisions. The make process The production planning is one of the critical sections a company mainly dealing with foodstuffs component must have so as to avoid challenges ranging from competition, loss of market and even complaints from the consumers. The complaints may be as a result of substandard products and so forth. The coca cola company has an excellent system of planning in their production and material sector. They have achieved this through application of tools of planning. Notably, the mission and vision statement serves as a framework through which everyday action is pecked upon. They ensure that their working conditions are convenient for people of all ages and so forth. Moreover, they are driven by the portfolio of quality brands of beverages. According to Esmaeilikia, et al., (2016), the materials used in the production are received directly from the head office in Argentina to different plants in the world. The host countries managerial bodies are given the mandate of procuring sugar from the su ppliers of their choice. On the arrival of the concentrated beverage material, the already assembled sugar is mixed with the water and other chemicals as measured by the food scientist employed by the corporation. After that, the products are packaged in bottles of different capacity and crated ready for distribution to the buyers. The production process has been simplified by use of the diagram below; To improve the processing and material collection, Coca Cola Company should apply the resource-based theory in running its company (Mohamed Omwenga, 2015). This argument is based on the usefulness of the different material in the firm. For instance, the company should be vigilant on the way in which they keep their materials. It is pivotal for them to have a store in which they should be keeping of the crates of bottles of different magnitudes. The resultant will ensure that they are in good shape so as to avoid breakage and likewise ensure that they are safeguarded from theft. Furthermore, the company will have a constant accessibility in keeping vigil on the manner at which production is taking place in the firm. The sole aim of this theory is also to keep the company on toes concerning what they need in the production. These ideas will lead them into making of the budget pertaining them in an overt manner (Genovese, et al., 2017). The aiding principle is the transaction cost econ omic theory which outlines that the company should have a list of their required materials so as to give room for drawing of the budget as per the materials. The Coca Cola Company should use this ideology so as to avoid incurring a lot of unnecessary expenditures resulting from assumptions on the resources needed for production purposes. Supply chain forecast Various companies use forecasting models in coming up with the most practical framework through which production can be achieved in the enterprise. This measure has been made possible through the availability of different market patterns encompassing the several business organizations globally. Coca Cola Company being among profit-making companies should also consider making use of different available forecasting models in the market (Correia et al., 2017). There are two dominant forecasting techniques available in the market which include; quantitative and qualitative models. The qualitative prediction approach entails the use of judgmental values while trying to establish the future aspect of the trade in the firm. This method is utilized in the cases where the data available is insufficient, unavailable or it is no longer relevant for the use in the company. The commonly used types of qualitative analysis in the business spectrum are; market research, personal insights, panel cons ensus and visionary forecasting. They are based applied in the introduction of new product in the market. On the other hand, the quantitative prediction technique in which the data which is already in existence in the company from the archives is used in projecting future demands for the firm. The information gathered from the previous undertakings of the business is put on a graphical representation and therefore serve as a basis through which action in future commitments of the company should be established (Coyle et al., 2017). The graphical representation can be in several dimensions such as downwards or upward. The downward extrapolation gives a picture that the company has been performing poorly and thus need for strategic decision making in future concerning mechanisms of how one can revive the firm. On the contrary, the upward shows a positive way through which the company is running. It enables the administrative team to be certain that the future of the company is bright. Coca Cola Company should apply the use of quantitative theory in projecting its future trends in the business. This company has been running for over hundred years, and thus the relevant history and reliable data pertaining production and sales in the firm are available. Therefore, they can use them in coming up with the picture on where or how the company can run its activities in the latter stages. The information and the trends in which this company has been experiencing in the past will be successfully applied in the analysis of the demand both in the financial and ensuring the output of the firm is integrated well. The step will ensure that the business does not collapse since the budget and the measures put in place during the forecasting are an ultimatum for its growth in the supply perspective. Conclusion Various scholars view supply chain management as the crucial part in which all organizations in the business should ensure it succeeds. This section is pivotal in that all the activities encompassing the business from the management to the lowest point in the enterprise depend on it in measuring the capability of growth in the company (Andini Simatupang, 2014). The supply chain manager is entitled to have a broad range of original dimension in which should be well utilized in any given corporation. By doing so, it can lead to the realization of profits as well ensuring that the firm is working towards sustaining itself due to the presence of cutthroat competitions in the market which if not well analyzed, the company may engage in subsequent losses. Consequently, the supply chain administrator of any firm should ensure that they apply the key flow chains so as to bring about the most efficient coordination of the enterprise. For instance, Burgess et al., (2017) allude that; organiza tions should ensure they implement the manner in which the products, information, and cash and return flow are coherent so as to pave way for amendments in case any of it is not performing well. They should thus guarantee the manner in which information is drawn from the highest level to the lowest to be systematic by use of electronic media so as to avoid distortion and so forth. The production should be methodical by making sure it follows the designated levels. The cash and the return flow should also be in line with the production and budgeting agenda of the company. Additionally, the company should be able to guarantee the availability of an effective production and material requirement planning in the firm. The line of production and the materials used in achieving the output should be available always. The managerial body should put more efforts in ensuring they purchase them on time so as to avoid stoppage of production in the firm. The coca cola company must always have bottles and the concentrated material and sugar so that the business workload becomes consistent. On the other hand, Dubey et al., (2017) highlights that, the company should apply the best forecasting mechanism so as to allow for budgeting on the practices which may affect the company either positively or negatively in the future. Beside, one will be able to have measures to curb the uncertainties which may affect the company in latter times. The realization of this in a firm should be characterized the availability of splendid knowledge on several theories of logistics. The ideologies provided will assist in enhancing the running of the corporation in an explicit manner. The models put in place include; quantitative and qualitative approaches, the cost economic theory and the systems ideology among others. References Andini, R. A., Simatupang, T. M. (2014). A process simulation of inventory planning and control for Minute Maid Pulpy at Coca-Cola. International Journal of Logistics Systems and Management, 17(1), 66-82. Burgess, T., Grimshaw, P., Huaccho Huatuco, L., Shaw, N. (2017). Mapping the Operations and Supply Chain Management field: a journal governance perspective. International Journal of Operations and Production Management. Christopher, M. (2016). Logistics supply chain management. Pearson UK. Correia, E., Carvalho, H., Azevedo, S. G., Govindan, K. (2017). Maturity Models in Supply Chain Sustainability: A Systematic Literature Review. Sustainability, 9(1), 64. Coyle, J. J., Langley, C. J., Novack, R. A., Gibson, B. (2016). Supply chain management: a logistics perspective. Nelson Education. Dubey, R., Gunasekaran, A., Papadopoulos, T., Childe, S. J., Shibin, K. T., Wamba, S. F. (2017). Sustainable supply chain management: framework and further research directions. Journal of Cleaner Production, 142, 1119-1130. Esmaeilikia, M., Fahimnia, B., Sarkis, J., Govindan, K., Kumar, A., Mo, J. (2016). Tactical supply chain planning models with inherent flexibility: definition and review. Annals of Operations Research, 244(2), 407-427. Genovese, A., Acquaye, A. A., Figueroa, A., Koh, S. L. (2017). Sustainable supply chain management and the transition towards a circular economy: Evidence and some applications. Omega, 66, 344-357. Goodier, R. (2015). Supply-side motivation: getting soft drinks or medicine into people's hands requires a value chain. Mechanical Engineering-CIME, 137(7), 16-17. Liu, Z. L., Yeh, S. P., Lo, C. H. (2017). Mathematical Models for Supply Chain Management: Concepts and Cases FOREWORD. Mohamed, K. S., Omwenga, J. (2015). Supply chain risks mitigation strategies adopted by manufacturing firms in Kenya: A case of Coca Cola Company (K). International Academic Journal of Procurement and Supply Chain Management, 1(4), 45-65. Papadopoulos, T., Gunasekaran, A., Dubey, R., Fosso Wamba, S., Childe, S. J. (2017). World Class Sustainable Supply Chain Management: critical review and further research directions Pinho, T. M., Coelho, J. P., Moreira, A. P., Boaventura-Cunha, J. (2017). Model predictive control applied to a supply chain management problem. In CONTROLO 2016 (pp. 167-177). Springer International Publishing. SHARMA, P. K. (2016). Survey of Supply Chain Inventory Models. Global Journal For Research Analysis, 5(8). Souza, G. C. (2014). Supply chain analytics. Business Horizons, 57(5), 595-605. Wieland, A., Handfield, R. B. (2016). Supply Chain Management. In 5th World Conference onProduction and Operations Management. POM 2016.