Strategic Warehouse Management, Inc. (SWM) is a U.S. based warehousing organization in the construction and management of warehouse operations. The CEO’s market development team has determined that there is an opportunity to open a warehouse in Australia that could serve multiple businesses. The CEO plans to open a “non-resident company” (Land and Tax News, 2012). The CEO has also decided that the warehouse can be opened in any city in Australia. Some clients in Australia have also asked SWM to manage the flow of goods from Australia to U.S. locations. The CEO wants to get a preliminary plan developed as soon as possible before going further.
The CEO asked you to design a supply chain that includes warehouse operations in any city in Australia. In addition, the CEO has a number of items he’d like to see you cover in the report. He has asked you to:
Develop requirements for the warehouse design and to provide an organization structure to manage the warehouse in Australia.
Present considerations for Workforce Management
Investigate key regulations and other key issues (e.g. labor climate) related to managing a warehouse in Australia as a foreign entity.
Develop export procedures and import procedures in the U.S.
Discuss supply chain risks and possible mitigations.
Analyze which operations SWM would outsource and which operations SWM would directly manage and explain why.
Outline the budget line items that would need to be considered (it is not necessary to develop a budget with dollar figures).
Determine the metrics you would use to measure success of the warehouse and the total supply chain.
- The commission of an independent review which shall have powers to enable them to exercise their functions of supervision and control of the work of the external and internal follow-up reports, complying with of company administration for the implementation of the proposals and recommendations contained in those reports. 5- Ensure the observance of ethical behavior and professional codes of conduct for good governance and for all parties 6- Emphasize the responsibility of the Governing Council in observing the laws and interests related to the application of ethical standards in the exercise of all its functions. 7- The existence of an effective body independent of the Administration, responsible for the application of the rules of governance and follow up commitment (Farouq Gomaa Abdel -2006). 2.1.8. The Characteristics of Good Corporate Governance There is a set of characteristics which must be available for good governance comprising the following ( Mohammad Abd Al Fattah Ibrahim -2005): 1. Discipline: any followers of ethical behavior and appropriately, verified through: – Clear statements to the public. – The presence of the incentive for administration toward achieving a higher price per share. – The commitment to the core work is clearly identified. – The use of debt in the targeted projects. – Adoption of the outcome of governance in the annual report. 2. Transparency : in the sense of providing a real picture of what is happening, verified through: – The disclosure of the financial targets accurately. – The publication of the annual report in time. – The prevention of leakage of information before the declaration. – The disclosure of the final results. – The application of accounting and auditing standards. Updating the information on the Internet. 3. Independence : means the exercise of the functions of the administration without influences and pressures from any third party paid by the administration to take decisions biased in favor of a particular party organization at the expense of the interests of other parties. Verified through: – The equitable treatment of shareholders by the Governing Council and senior management. – The presence of the President of the Security Council an independent management of senior management. – The existence of the supervisory department independent of the executive management. – The presence of the Audit Committee chaired by a member of the Governing Council of independent. – The presence of external auditors is not associated with the company. 4. Accounting responsibility: the existence of responsibility before all the stakeholders in the company realized through: – The failure of the Governing Council of the supervisory role of the Executive Board. – The presence of the members of the Governing Council of independent and non-staff. – Full meetings and periodic reports to the Governing Council. – The capacity of the members of the governing council to effective review. – The presence of the Audit Committee to nominate the External Auditor and monitor its work. – The presence of the Committee on the review of the retreat of the reports of the internal auditors oversees the work of the internal audit. 5. Accountability: in the sense of the possibility of the evaluation and assessment of the work of the Governing Council and operational management, which can be achieved by the following: – Practice work in a good way away from personal interests. – Act effectively against individuals who exceed their borders. – Immediate investigation of the abuse of senior management. – The development of mechanisms to penalize executives and the members of the Governing Council. 6. Justice: Must consider the rights of various groups of stakeholders in the company, and can be achieved through: – The fair treatment of minority shareholders by the majority. – The right of all shareholders in the invitation to the meetings of the General As>GET ANSWER