A Strategic Financial plan for JoTech Packaging Corporation / Teleforo, Jerica Veron S.; Cabral, Robert Phillip Y.; Posadas, Camille Aila T.; Ascano, Justine Mae R.; Alamay, Suzanne S.; Cangayao, Normie Jane C.; Chan, Danise B.; dela Cruz, Jose Larry S.; Furuya, Mayumi P.; Gojar, Danielle Elliz P.; Montero, Jhenaire Louise D. and Sanger, Clarissa A. 6

By: Telesforo, Jerica Veron S. et.al. 4 0 16, [, ] | [, ] |
Contributor(s): 5 6 [] |
Language: Unknown language code Summary language: Unknown language code Original language: Unknown language code Series: ; January 2019.46Edition: Description: 28 cm. 172 ppContent type: text Media type: unmediated Carrier type: volumeISBN: ISSN: 2Other title: 6 []Uniform titles: | | Related works: 1 40 6 []Subject(s): -- 2 -- 0 -- -- | -- 2 -- 0 -- 6 -- | 2 0 -- | -- -- 20 -- | | -- -- -- -- 20 -- | -- -- -- 20 -- --Genre/Form: -- 2 -- Additional physical formats: DDC classification: | LOC classification: | | 2Other classification:
Contents:
Action note: In: Summary: EXECUTIVE SUMMARY: JoTech Packaging Corporation is a domestic corporation that started its operation on June 21, 1996. In 2016, the entity shifted fom manufacuring to service. Its services include printing, stamping, plastic injections, and labeling of packaging materials of entities in the food manufacturing industry. It has expanded its services and now offers offset printing, die cutting, laminating, gluing, and printing menus, brochures, postcards, and specialy cards. Based on the analysis of the five-year financial statements and other necessary data gathered, JPC has weak inventory management. This is evident in their Statement of Financial Posiyion wherein 98% of its current assets is invested in inventories. Furthermore, the increase in inventory inflow is faster than inventory outflow which denotes that Blanket Purchase Agreement with its local suppliers is ineffective resulting to pile up inventories. Therefore, to improve the inventory management of the entity, it is the best course of action to change the inventory system of the entity to Just-in-Time. This system involves ordering and receiving inventory for production and sales only. The entity will now only order its supplies or inventories once there is demand for production. This is to allow cost-efficient operations and to minimize the inventory investment by avoiding waste associated with overproduction, inventory cost, and excess inventories. The implementation of the JIT purchasing system will enable JoTech Packaging Corporation to decrease, if not eliminate, its excess inventory. Furthermore, the implementation will make favorable the inventory turnover of the entity and enhance its liquidity. Other editions:
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Financial Planning: (Bachelor of Science in Business Administration ) - Pamantasan ng Lungsod ng Maynila, 2019. 56

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EXECUTIVE SUMMARY: JoTech Packaging Corporation is a domestic corporation that started its operation on June 21, 1996. In 2016, the entity shifted fom manufacuring to service. Its services include printing, stamping, plastic injections, and labeling of packaging materials of entities in the food manufacturing industry. It has expanded its services and now offers offset printing, die cutting, laminating, gluing, and printing menus, brochures, postcards, and specialy cards. Based on the analysis of the five-year financial statements and other necessary data gathered, JPC has weak inventory management. This is evident in their Statement of Financial Posiyion wherein 98% of its current assets is invested in inventories. Furthermore, the increase in inventory inflow is faster than inventory outflow which denotes that Blanket Purchase Agreement with its local suppliers is ineffective resulting to pile up inventories. Therefore, to improve the inventory management of the entity, it is the best course of action to change the inventory system of the entity to Just-in-Time. This system involves ordering and receiving inventory for production and sales only. The entity will now only order its supplies or inventories once there is demand for production. This is to allow cost-efficient operations and to minimize the inventory investment by avoiding waste associated with overproduction, inventory cost, and excess inventories. The implementation of the JIT purchasing system will enable JoTech Packaging Corporation to decrease, if not eliminate, its excess inventory. Furthermore, the implementation will make favorable the inventory turnover of the entity and enhance its liquidity.

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