Essay on Accounting

972 Words Mar 10th, 2016 4 Pages
Problem Statement
The next problem that PHSB was faced is the high abseenteism and driver shortage. This is greatest challenge facing PHSB and not merely limited to smaller transport companies. With greater attention to operate closer to just-in time, the transport companies were pressured to deliver CPO to the refineries on time.
Just-in-time operate under the concept of receiving raw materials, products and parts as they are needed, rather than days or even weeks before. This allows businesses to significantly cut inventory costs by having fewer unnecessary supplies on hand and far less material to store. As effective as just-in-time delivery is, it can be difficult to coordinate large
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First, purchase a Vehicle Tracking System. This is to minimize high pilferage during the months of November to January. By using Vehicle Tracking System, productivity of workers can be increased by being able to keep track of drivers’ routes, exposing unauthorised stops and breaks and by evaluating the overtime requests of workers. By having detailed information on the whereabouts of vehicles at all times, it is far easier to keep an eye on employee activities. By having all the relevant information on one screen, those running the software have easy access to answer enquiries rapidly and accurately. PHSB also can find their most productive employees and use this information to implement further training or even a system of bonuses to enhance staff members' work ethic. This systems will reduce the amount of paperwork that drivers must fill out. By doing this PHSB not only soften the blow of introducing such a system, but also increase the accuracy of their records. By having detailed information on the whereabouts of all employees, business owners are far more in touch with their business operations. Meaning they have greater levels of control over their company. In addition, in a fleet based business, it is about time to consider bringing your operations up to date, making use of advanced technology to not only improve your operations, but also efficiency and profitability.
Next, to prevent the temptation to pilfer from PHSB’s stock, Rosmee suggesting to declare

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