Richard Lederer: His Works :: essays research papers fc

Richard Lederer: His Works Richard Lederer was once asked where he would get all these funny stories he answered: "Ever since I became a writer, I had found that questions the most difficult to answer and had only recently come up with an analogy that I thought would satisfy both my audience and me. Pouncing on the opportunity to unveil my spanking new explanation, I countered with, Where does the spider get its web? The idea, of course, was that the spider is not aware how it spins out its intricate and beautiful patterns with the silky material that is simply a natural part of itself. Asking a writer to account for the genesis of his or her ideas is as futile as asking a spider the source of its web and method of its construction." Richard Lederer Introduction and bibliography Richard Lederer was the kind of child who, almost as soon as he could talk, saw a butterfly and cooed, "Oh, goody. A butterfly will flutter by." Even as a high- school student, Richard knew that Elvis Presley, born three years before him, would become immortal because he recognized that "Elvis Lives" is a two-word anagram. Richard Lederer entered Haverford College as a pre-medical student but soon found that he was reading the chemistry books for their literary value. Mr. Lederer became an English major and then attended Harvard Law School, where he found that he read the law cases for their literary value. So rather than fighting his verbivorous instincts, He switched into a Masters of Arts and Teaching program at Harvard. That led to a position at St. Paul's School, in Concord, NH, where he taught English and media for 27 years. Richard Lederer said that he would have gladly served them for the rest of his days, but having earned a Ph.D. in English and Linguistics from the University of New Hampshire inspired him to write books on language. The enthusiastic and popular response to these books, beginning with ‘Anguished English', gave him the opportunity to leave the St. Paul's community to extend his mission to teach in the English language. More than a million of his books are in print, most with Pocket Books and Dell. Richard Lederer has a column, "Looking at Language," which reaches more than a million readers through newspapers and magazines across the United States. His books have been nominated for the Book-of-the-Month Club as well as appearing in the Literary Guild alternate selections, and, in addition, his work has received positive reviews from the New York Times, Sports Illustrated, National Review, and Reader's Digest.

Fantasy and Dream work in The Cabinet of Dr. Caligari Essay -- Cabinet

Fantasy and Dream work in The Cabinet of Dr. Caligari The silent expressionist film The Cabinet of Dr. Caligari exposes psychological guilt and insanity through the main character's fantasies and delusions. This character, Francis, brings the viewer into a nightmarish world through his story-telling. He recounts the story of the mad Dr. Caligari and the somnambulist Cesare who is under his control. The doctor's arrival in Francis' hometown results in a string of murders, the death of his best friend Alan and the kidnapping of his beloved fiancà ©e Jane. Francis tells this story as if it were true, but in the end he is revealed as a patient in a mental hospital. The film does not confirm whether Francis' story is reality, but Freudian theory suggests that this story is a wish fulfillment. Francis' neurotic mind created and mistook this fantasy for reality in order to displace the guilt over his friend's death by means of dream work and displacing his guilt onto the somnambulist Cesare. Neurosis is characterized by a retreat into ones imagination and alienation from reality. According to Freudian theory, this is also typified by believing a fantasy to be the truth. "Neurotics turn away from reality because they find it unbearable; the most extreme type of this turning away from reality is shown by certain cases of hallucinatory psychosis which seek to deny the particular event that occasioned the outbreak of their insanity" (Freud, 301). In this passage, Freud describes the psychological techniques that a neurotic mind uses in order to cope with a traumatic event. Instead of coming to terms with their trauma, the mind will alter the events and shape them around a delusion in order to produce a more pleasing conc... ...ing fantasy. In addition, Dr. Caligari and Cesare are not real people; they are fragments of Francis' psyche and serve the purpose of objects onto which the blame is displaced. The filmÕs ambiguous ending leaves the validity of Francis' story unknown because his illness is not explicitly confirmed. However, Freudian theory clarifies this uncertainty by showing that Francis has fantasized the entire story to satisfy his guilty mind. Bibliography The Cabinet of Dr. Caligari. Dir. Robert Wiene. Perf. Werner Krauss, Friedrich Feher, and Condrad Veidt. Decla-Bioscop AD, 1920. Freud, Sigmund. The Freud Reader. Ed. Peter Gay. New York: W.W. & Norton. ---. Writings on Art and Literature. Ed. Niel Harz. Janowitz, Hans, and Mayer, Carl. The Cabinet of Dr. Caligari. (1920). http://www.cs.nyu.edu/kandathi/scr/caligari.txt

How I Learned to Drive Analysis Essay

In Paula Vogel’s â€Å"How I Learned to Drive†, we follow our protagonist nicknamed â€Å"Lil Bit† on a gut wrenching, and downright disturbing journey through her adolescence, told as a series of narrations, monologues, and flashbacks with the occasional interjection of a PSA like voice over. The play recounts the physical and emotional abuse Lil Bit encountered from the ages of eleven to eighteen at the hands of her uncle Peck, while he teaches her to drive. The main flaw I saw in Lil Bit was that she is too smart for her own good. You see this characteristic throughout the play as she manipulates Peck. For example, it was most obvious for me when their roles of adult and child are reversed, and Peck is explaining to Lil Bit what a good boy he has been for not drinking. Knowing how much Peck lusts after her she offers him a reward for his good behavior in the form of undoing her bra. Another great example is when prior to her and peck going on a road trip and Lil Bit’s mother indicates that she has a sense of what Peck has on his mind, she responds by saying â€Å"I can take care of myself. And I can certainly handle uncle Peck.† At this point in the story she is only eleven. It’s hard to imagine a child of that age so grown up emotionally. Overall, most of the characters had likeable qualities, with the exception of the grandmother. I didn’t really like the way she meddled in the Parenting of Lil Bit. I liked â€Å"Big Papa† the best. He’s a crabby old timer who speaks anything that comes into his head with reckless abandon. It brought me some levity in an otherwise melancholy play. The climax of the play occurs on Lil Bit’s eighteenth birthday. She and Peck are in a hotel room, and she’s been ignoring peck for some time leading up to this meeting as he’s been sending her cards counting down to her birthday. Lil Bit is obviously conflicted about their relationship now that she has gotten older, but Peck is looking forward to a time when it’s not illegal for them to be together. This is creepy enough on its own, but when Peck drops the marriage bomb, the creep factor skyrockets. I was honestly disgusted at the idea of a man leaving his wife to be with his niece whom he has known since birth, blood related or not. Prior to the climax, one major event occurs and that is in the monologue that Aunt Mary delivers indicating that she knows what’s going on between Peck and Lil bit. The words used during this monologue, indicate to me a couple of key points about this character. First of all she is very intelligent. Her thoughts are well put together and the words she uses indicates to me that she has some sort of education. She is also very intuitive, she picks up on the subtle, non-verbal signals that peck gives off when he’s got something on his mind and presumably when he’s around Lil Bit. Also, the words used by Lil Bit in her different flashbacks have a direct correlation to her age. It’s obvious as you read them, that during the later ones she is forming more complex thoughts and emotions, which is indicative of growth. For the music in this play, Paula Vogel suggested period correct music spanning two generations. She mentions Motown several times, as well as Roy Orbison and the Beach Boys. Most of this music is romantic and happy with little hints of sexuality and sometimes-pedophilic references. For some weird reason the voice of the announcer in my head was played by the Moviephone guy. The car in the play was described as a Buick Riviera, but in my mind it was more like a Camaro or GTO. The main reason for this is the obvious relationship between Peck and his car. The way he describes the way the aggressive way men are taught to drive and the feeling of a cars’ response to your touch, just makes me think of those fast nimble sports cars. Taking place in the 1960’s, the costumes in my mind were bell-bottoms and flowered shirts, polyester leisure suits, and fringes all over the place. This was your typical 1960’s attire. I believe the overall theme of this play is about the effect of time on relationships. The relationship between Peck and Lil Bit starts out strong, for her and fragile for him. She has a strong male figure giving her attention while he is nurturing a relationship that he knows is illegal and immoral. As time progresses, the roles ultimately reverse leaving Peck with much confidence in the relationship while Lil Bit comes to realize the truth about it which leads to its demise. It just goes to show that time will always change relationships, jus not always in the way you imagined.

Expository research paper Essay

Minority students have been discriminated against for a very long time; many people think that minorities don’t have the same opportunities as others, but in reality they have many advantages. Minority students have opportunities to get into good colleges and getting more scholarships than other non-minority students. Colleges look for the obvious things like grades, and extracurricular activities and all those things but what most really want is to have diversity in the college and therefore colleges need minority students. Colleges read students’ applications thoroughly, so colleges’ look for stuff that sticks out, stuff that makes a student different than the rest one thing that might sticks out is race. In the article is says, â€Å"An applicants final determination of what to say about race is often made consultation with a college counselor. Many counselors may convey to families that a multiracial applicant has a better chance of being admitted to a highly selective college than those in any other racial or ethnic category. †(Saulny). This tells how a multiracial student may have a better chance of getting into a good college than those in other racial or ethnic categories. â€Å"Many private scholarships are geared toward minorities because they are looking for something in particular†(Borowski). The author talks about how private colleges seek at minorities, which tells that they consider race are when choosing students. Molina 2 Scholarships are used to help students get into college, but some scholarships are targeted to specific students, most likely minority students. This also could equal disadvantages to non-minority students. In this article the author says, â€Å"Some private scholarships are based on a students characteristics such as race, ethnicity, and religion, and some are based on professional affiliations or future career choices†(Borowski). Private scholarships look for very specific things in students which show how much of a disadvantage some students have in. The article talks about one student’s problem, â€Å"As Johnson found, private scholarships can extremely selective. â€Å"When I research all the grants and scholarships out there, they are all really specific, targeted towards everyone but me, he says, Are you a Pacific islander who plays tuba? There is a scholarship for you. Or a woman from an inner city who works with animals? There’s a grant for you. But a hard working boy from the suburbs? Nothing. †(Borowski). The author shows how very specific scholarships can be and how they affect other people who do not fit the description of what that scholarship wants. Another reason why minorities have an advantage is because of stereotypes even if it doesn’t apply to that student. In an article a student says, â€Å"I just realized that my race is something I have to think about,† she describes herself as having an Asian mother and a black father. â€Å"It pains me to say this, but putting down black might help admission. †(Saulny). This states how putting down a specific race might better or worsen someone’s chances depending on that particular race. A mother states, â€Å"My 17 year old son is a high B student and an excellent athlete, but we’ve been unable to find any scholarships for him because he’s white. † Elizabeth says, Johnson also says â€Å"We aren’t wealthy. We don’t take on fancy vacations and we do without a lot of things. Yet because I’m white, I don’t get a hand. There are all kinds or nationalities at Molina 3 my high school, whose families have a lot more money than we have, and yet they are getting scholarships. †(Saulny). This tells how stereotypes can give minority students an advantage by colleges stereotyping and giving help to those who don’t really need it instead of to the ones that do. Minority students also think that it is a disadvantage being a minority but in reality it can be an advantage against non-minority students. Minority students are what colleges look for. There are scholarships targeted towards minorities, and due to stereotypes there are advantages. These affect more than just minority students, it basically affects everyone because being a non-minority is at a disadvantage of getting a scholarship or getting into a good college. In today’s society someone’s race could affect their future. Saulny, Susan, and Jacques Steinberg. â€Å"On College Forms, a Question of Race, or Races, Can Perplex. † New York Times 13 June 2011: n. pag. The New York Times. Web. 13 Apr. 2014. . Borowski, Susan. â€Å"Scholarships and the White Male: Disadvantaged or Not? † Insight into Diversity. N. p. , n. d. Web. 13 Apr. 2014. .

Race Colors Judgement Essay

The criminal justice system in the United States is one of the many places that I believe stereotypes are formed. For example, African-Americans make up only 13% of the U. S. population but represent 46% of the inmate population who have received sentences of more than one year (Hart, 2006, p. 1). Another example of a racial disparity can be seen the percentage of African-Americans who are drug users (14%) and those sentenced for drug offenses (53%) (Sentencing Project, 2009 p. 3). More African-American men are in prison or jail, on probation or parole then were enslaved in 1850, before the Civil War began,† (Alexander, 2010). However, this is not just a problem within the African-American community. More than 60% of the people in prison are now racial and ethnic minorities and three-fourths of all persons in prison for drug offenses are people of color (www. sentencingproject. org). The Bureau of Justice Statistics shows, that the likelihood for an African-American or Hispanic to be imprisoned is, 18. % for African-Americans and 10% for Hispanics, while the likelihood for Whites is 3. 4% (Bureau of Justice Statistics, 2005). Brennan and Spohn (2009) showed in their study, â€Å"The Joint Effects of Offender Race/Ethnicity and Sex on Sentence Length Decisions in Federal Courts†, that African-American males received a significantly longer sentence (93 months) than White males (86. 2 months) (Brennan & Spohn, 2009). These are just some of the numbers, which cannot be ignored. An important question to ask; why are these racial disparities happening? In the study â€Å"White juror bias: An investigation of racial prejudice against Black defendants in the American courtroom†, Sommers & Ellsworth (2001) have a quote, which, I think, sums up the reasoning for studying race and its effect on juries, it came from one of my favorite movies: â€Å"In our courts, when it is a white man’s word against a black man’s, the white man always wins. They’re ugly, but those are the facts of life†¦The one place where man ought to get a square deal is a courtroom, be he any color of the rainbow, but people have a way of carrying their resentments right into the jury box† (From To Kill a Mockingbird, Lee, 1960, p. 20). The thinking by many social psychologists is â€Å"Racism still exists in our society today but is no longer endorsed by explicit racist beliefs or overt acts of prejudice† (Sommers & Ellsworth, 2003). Instead it’s a â€Å"Subtle, implicit, or aversive form of racism† (Sommers & Ellsworth, 2003). Whites in our society are taught to embrace egalitarianism (equality) and make a conscious effort to behave non-prejudice, or have non-bias beliefs. However, that does not mean that they still don’t harbor prejudicial attitudes. In a trial setting aversive racism and race salience, or racially charged vs. racially neutral, go hand and hand. Studies have concluded, a trial that is racially charged reminds jurors of their egalitarianism, but in a trial not racially charged a jurors’ motivation to avoid being prejudice is not triggered; instead they demonstrate their racial bias (Sommers & Ellsworth, 2001). It is the run of the mill trials where juror biases are displayed. White jurors need to be â€Å"reminded† that they should not have a bias. By â€Å"reminding† them, by a racially motivated incident, jury voir dire, jury instructions before deliberation, and others, White jurors are less likely to demonstrate racial bias towards an African-American defendant. Jury composition or heterogeneity vs. homogeneity groups, is theorized to be a huge factor in overall group decision-making skills. This is especially important in the jury decision-making process and verdicts because minorities are underrepresented on a jury. Sommers’s study â€Å"Racial Diversity and Group Decision Making† (2006) concluded, a jury, which has heterogeneity, rather than homogeneity considers a wider range of perspectives and information (Sommers, 2006). It was the diversity of the group influence on the White juror more than the performance of the African-American juror in the group (Sommers, 2006). This is not to say that the African-American juror did not perform well. Since many juries are not racially diverse, Whites on a jury may forget their egalitarian values, may not consider a wider range of perspectives and information, and will spend less time on their decisions. In-group bias is when people show a strong preference for fellow in-group members and tend to malign out-group members (Sommers & Ellsworth, 2000). Thomas Pettigrew, current Research Professor of Social Psychology at the University of California, in his 1979 study demonstrated that negative behaviors of in-group members were attributed to situational forces but negative behaviors of out-group members were attributed to inherent dispositions, which is the opposite from positive behavior attribution (Sommers & Ellsworth, 2000). This is a particularly important theory because juries for criminal trials are taking in facts pertaining to the negative behavior of a defendant who is either from their in-group or out-group. Systematic information processing is conceptualized as â€Å"Comprehensive analytic orientation to inform processing in which perceivers access and scrutinize a great deal of information for its relevance to their judgment task† (Tamborini et al. , 2007) Heuristic processing is conceptualized as â€Å"A more limited mode of information processing that requires less cognitive effort and fewer cognitive resources than systematic processing† (Tamborini et al. , 2007) Simple stated, heuristic information processing are shortcuts using previous knowledge and stereotypes, which influences peoples’ judgments. During a trial, jurors take in enormous amounts of information and when deliberating they tend to fill in the missing information with past experiences or stereotypes about certain crimes and criminals. This is not their intention, however it is how people cognitively process information-we put information into or take it out of certain categories. There are three main research methods used to study race and its effects on juries (Sommers & Ellsworth, 2003). Archival analysis of actual cases is ideal but there are a lot of confounding variables, which are hard to measure and control statistically (Sommers & Ellsworth, 2003). Another method used is post-trial juror interviews. This method is useful because you are asking direct questions of the jurors, who were part of the real trials. However, it is time consuming, has a small sample size, and relies on self-reporting by jurors (which in unreliable) (Sommers & Ellsworth, 2003). The third method is mock juror experiments, which relies on the experimental method of social psychology and allows the experimenters to control the confounding variables (Sommers & Ellsworth, 2003). There are some downfalls to using mock juror experiments as well, such as using college students as participants, written trial summaries, instead of witnessing a real trial, and the decision made by mock jurors have no real consequences (Sommers & Ellsworth, 2003). According to Sommers and Ellsworth (2003) it is best to use multiple methods. For example compare archival data to mock jury data. As I stated earlier, aversive racism and race salience (racially charged vs. racially neutral) in trials go hand and hand. Sommers and Ellsworth (both social psychologists) first studied race salience in their study, â€Å"Race in he Courtroom: Perceptions of Guilt and Dispositional Attributions† (2000). Since the theory of aversive racism (modern or subtle) states, Whites are more motivated to â€Å"appear† non-prejudice when racial issues are salient or prominent. They found that when a trial involves race salience the race of the defendant did not influence the White jurors (Sommers & Ellsworth, 2000). However, when a trail did not have race salience, the African-American defendants were found to be more guilty, aggressive, and violent by the White juror then the White defendant. This could have a profound effect, since Whites are not caught up in the day to day of racial issues, they may not take notice to the most subliminal racial issues in a trial. It may cause them to revert back to the more overt form of racism without even consciously knowing they are being racist or displaying their biases. A more recent study, â€Å"Diversity and Fairness in the Jury System†, conducted for the Ministry of Justice Research Series, by Thomas and Blamer (2007) concluded when a trial is racially charged (race salience), conviction rates for African-American defendants were lower. However, the conviction rate between White jurors and African-American jurors for African-American defendants were no different (Thomas & Balmer, 2007) (44% and 43%). In trials that were racially neutral, White jurors had low conviction rates for African-American defendants, while African-American jurors had high conviction rates for White defendants and low conviction rates for African-American defendants (Thomas & Balmer, 2007). This was a very interesting finding because in the Sommers and Ellsworth studies (2000, 2001) African-American jurors showed leniency both in race salience and non-race salience trials. Thomas and Balmer (2007) point out that in the Sommers and Ellsworth study that jurors did not decide cases as part of a jury with any deliberations (Thomas & Balmer, 2007). The results in the Thomas and Blamer study showed that individual jurors had difference conviction rates, but as a jury there was no difference between race salience and non-race salience trails (Thomas & Blamer, 2007). None of the juries (there were 8 in all) in the Thomas and Blamer (2007) study convinced the White defendant, The juries in England and Wales where this study took place have the same makeup as juries in the United States, majority White (Thomas & Balmer, 2007). That makes a nice segway into my next theory of jury composition because it appears that they dynamic of a racially mixed jury helped ensure individual biases were not allowed to dictate verdicts (Thomas & Balmer, 2007). Justice Thurgood Marshall said, â€Å"Diverse juries enjoy wider ranging discussions because White and Black jurors bring different experiences and perspectives to the jury room† (Sommers, 2006). Not only do African-American jurors bring different experiences but also, as we saw in the Thomas and Balmer (2007) study a racially mixed jury might help to ensure individual biases are not allowed to dictate verdicts. Again, referring to a study by Sommers (the leading researcher in this field) in which he specifically studies â€Å"The multiple effects of racial composition on jury deliberations† (Sommers, 2006). Having African-Americans (or minorities in general) on a jury can bring two different types of diversity-deep-level diversity and surface-level diversity (Sommers, 2007). Both can affect information exchange in different ways. Deep-level diversity brings the expertise, attitudes, and values of the individual members to the deliberation room (Sommers, 2007). Surface-level diversity brings members’ demographics and social category membership into the deliberation room (Sommers, 2007). Sommers’ (2006) found diverse groups spent more time deliberating, made fewer factual errors, and if there was an error it was more likely to be corrected, more open-mindness, and less resistance to discussions of controversial race topics (Sommers, 2006). The homogenous jury was the opposite (Sommers, 2006). Those results showed the affect deep-level diversity could bring to a jury. However, another aspect, which will bring me back to the theory of aversive racism and race salience, is the affect having diversity has on a White juror. By having a racially diverse jury, the White jurors have the issue of race and egalitarian values in the forefront of their minds. The White jurors are avoiding seeming bias. Sommers et al. , (2008) conducted a study to see if there are â€Å"Cognitive effects of racial diversity in a group. † The study found that Whites in a diverse group process information more thoroughly. They had no interaction with a diverse group member, it was simply being aware of a diverse group composition, which impacted the cognition of White members. It even improved reading comprehension of race-relevant passages, especially when Whites expected to have race-relevant conversation. This is important in a legal context as well. If a White juror’s cognitive ability, and information processing is improved they will use systematic processing which is â€Å"A comprehensive, analytic orientation to information processing in which perceivers access and scrutinize a great deal of information for its relevance to their judgment task†, instead of heuristics processing or shortcuts in their decision making (Tamborini et al. 2007). The Supreme Court attempted to make juries more racially diverse â€Å"Batson prohibition against race-based peremptories was based on two assumptions: (1) a prospective juror’s race can bias a jury selection judgments; (2) requiring attorneys to justify suspicious peremptories enables judges to determine whether a challenge is, indeed, race-neutral† (Batson v. Kentucky, 476 U. S. 79 (1986). To summarize the findings, White jurors tend to show their bias towards African-American defendants when the trial is not racially charged because they are not motivated to conceal their bias (aversive racism and egalitarian views). In homogenous juries Whites are more like to be bias, spend less time on their decisions, make more errors, consider fewer perspectives, are not motivated to conceal their bias. Also, when there is information overload jurors use heuristics (shortcuts) to process information, rather than a systematic review of the information. Tis effect, of using shortcuts, produces bias judgment for both African-American jurors and White jurors. All the aforementioned could be cause for the bias decision making of jurors and juries. However, there are positives that can be found throughout these studies. For instance, racially diverse juries, and race salience trials can help alleviate the biases by jurors and juries. It also proves that not all White juries are affected by the race of a defendant (in certain situations). Race and its effect on jury decisions is a topic that will be studied for years to come because of the complex nature of a jury and modern racism. Although studies have shown bias decision-making by White jurors there is still not enough statistics to make a causal connection. Research has also shown ways in which a jury’s bias can be minimized. The jury is one of the backbones of the court system, because of this, it is imperative that we continue to study juror bias and how to minimize their bias through different trial techniques and policies and procedures.

Global Financial Crisis: Causes and Effect Essay

The financial crisis that began in 2007 spread and gathered intensity in 2008, despite the efforts of central banks and regulators to restore calm. By early 2009, the financial system and the global economy appeared to be locked in a descending spiral, and the primary focus of policy became the prevention of a prolonged downturn on the order of the Great Depression. The volume and variety of negative financial news, and the seeming impotence of policy responses, has raised new questions about the origins of financial crises and the market mechanisms by which they are contained or propagated. Just as the economic impact of financial market failures in the 1930s remains an active academic subject, it is likely that the causes of the current crisis will be debated for decades to come. Financial Crisis The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Major causes of Financial Crisis Imprudent Mortgage Lending: Against a backdrop of abundant credit, low interest rates, and rising house prices, lending standards were relaxed to the point that many people were able to buy houses they couldn’t afford. When prices began to fall and loans started going bad, there was a severe shock to the financial system. Housing Bubble: With its easy money policies, the Federal Reserve allowed housing prices to rise to unsustainable levels. The crisis was triggered by the bubble bursting, as it was bound to do. Global Imbalances: Global financial flows have been characterized in recent years by an unsustainable pattern: some countries (China, Japan, and Germany) run large surpluses every year, while others run deficits. The U. S. external deficits have been mirrored by internal deficits in the household and government sectors. U. S. borrowing cannot continue indefinitely; the resulting stress underlies current financial disruptions. Securitization: Securitization fostered the â€Å"originate-to-distribute† model, which reduced lenders’ incentives to be prudent, especially in the face of vast investor demand for subprime loans packaged as AAA bonds. Ownership of mortgage-backed securities was widely dispersed, causing repercussions throughout the global system when subprime loans went bad in 2007. Lack of Transparency and Accountability in Mortgage Finance: Throughout the housing finance value chain, many participants contributed to the creation of bad mortgages and the selling of bad securities, apparently feeling secure that they would not be held accountable for their actions. A lender could sell exotic mortgages to home-owners, apparently without fear of repercussions if those mortgages failed. Similarly, a trader could sell toxic securities to investors, apparently without fear of personal responsibility if those contracts failed. And so it was for brokers, realtors, individuals in rating agencies, and other market participants, each maximizing his or her own gain and passing problems on down the line until the system itself collapsed. Because of the lack of participant accountability, the originate-to distribute model of mortgage finance, with its once great promise of managing risk, became itself a massive generator of risk. † Rating Agencies: The credit rating agencies gave AAA ratings to numerous issues of subprime mortgage-backed securities, many of which were subsequently downgraded to junk status. Critics cite poor economic models, conflicts of interest, and lack of effective regulation as reasons for the rating agencies’ failure. Another factor is the market’s excessive reliance on ratings, which has been reinforced by numerous laws and regulations that use ratings as a criterion for permissible investments or as a factor in required capital levels. Mark-to-market Accounting: FASB standards require institutions to report the fair (or current market) value of securities they hold. Critics of the rule argue that these forces banks to recognize losses based on â€Å"fire sale† prices that prevail in distressed markets, prices believed to be below long-term fundamental values. Those losses undermine market confidence and exacerbate banking system problems. Some propose suspending mark-to-market; EESA requires a study of its impact. Deregulatory Legislation: Laws such as the Gramm-Leach-Bliley Act (GLBA) and the Commodity Futures Modernization Act (CFMA) permitted financial institutions to engage in unregulated risky transactions on a vast scale. The laws were driven by an excessive faith in the robustness of market discipline, or self-regulation. Shadow Banking System: Risky financial activities once confined to regulated banks (use of leverage, borrowing short-term to lend long, etc. ) migrated outside the explicit government safety net provided by deposit insurance and safety and soundness regulation. Mortgage lending, in particular, moved out of banks into unregulated institutions. This unsupervised risk-taking amounted to a financial house of cards. Non-Bank Runs: As institutions outside the banking system built up financial positions built on borrowing short and lending long, they became vulnerable to liquidity risk in the form of non-bank runs. That is, they could fail if markets lost confidence and refused to extend or roll over short-term credit, as happened to Bear Stearns and others. Government-Mandated Subprime Lending: Federal mandates to help low-income borrowers (e. g. , the Community Reinvestment Act (CRA) and Fannie Mae and Freddie Mac’s affordable housing goals) forced banks to engage in imprudent mortgage lending. Excessive Leverage: In the post-2000 period of low interest rates and abundant capital, fixed income yields were low. To compensate, many investors used borrowed funds to boost the return on their capital. Excessive leverage magnified the impact of the housing downturn, and deleveraging caused the interbank credit market to tighten. Financial Crisis & U. S economy In 2008, the United States experienced a major financial crisis which led to the most serious recession since the Second World War. Both the financial crisis and the downturn in the U. S. economy spread to many foreign nations, resulting in a global economic crisis. On September 15, 2008, Lehman Brothers, one of the largest investment banks in the world, failed. Over the next few months, the US stock market plummeted, liquidity dried up, successful companies laid off employees by the thousands, and for the first time there was no longer any doubt a recession was upon the American people. Eleven months after the fall of Lehman Brothers, the U. S. remains in a state of limbo. Proposals for stimulus packages and other bailout plans have provided some relief, but it seems the most effective remedy thus far has been time. The facts are that approximately 6% of all mortgage loans in United States are in default. Historically, defaults were less than one-third of that, i. e. , from 0. 25% to 2%. A huge portion of the increased mortgage loan defaults are what are referred to as ‘sub-prime’ loans. Most of the sub-prime loans have been made to borrowers with poor credit ratings, no down payment on the home financed, and/or no verification of income or assets (Alt-A’s). Close to 25% of sub-prime and Alt-A’s loans are in default. These loans increased dramatically as a 9/30/99 New York Times article explained, â€Å"In a move that could help increase homeownership rates among minorities and low income consumers, the Fannie Mae Corp. is easing the credit requirements on loans that it will purchase from banks and other lenders. † To allow Fannie Mae to make more loans, President Clinton also reduced Fannie Mae’s reserve requirement to 2. 5%. That means it could purchase and/or guarantee $97. 50 in mortgages for every $2. 50 it had in equity to cover possible bad debts. If more than 2. % of the loans go bad, the taxpayers (us) have to pay for them. That is what this bailout is all about. It is not the government paying the banks for the bad loans, it is us!! Principally Senate Democrats demanded that Fannie Mae & Freddie Mac (FM&FM) buy more of these risky loans to help the poor. Since the mortgages purchased and guaranteed by FM&FM are backed by the U. S. government, the loans were re-sold primarily to investment banks which in turn bundled most of them, taking a hefty fee, and sold the mortgages to investors all over the world as virtually risk free. As long as the Federal Reserve (another government created agency) kept interest rates artificially low, monthly mortgage payments were low and housing prices went up. Many home owners got home equity loans to pay their first mortgages and credit card debt. Unfortunately home prices peaked in the winter of 2005-06 and the house of cards started to crumble. People could no longer increase their mortgage debt to pay previous debts. Now, we taxpayers are being told we have to bail out the banks and everyone in the world who bought these highly risky loans. The politicians in Congress (mostly Democrats) do not want you to know they caused the mess. In the 2006 elections, the Democrats took control of the House and Senate. There are plenty of videos on the Internet showing many Democrats including Senate Banking Committee Chairman Democrat Christopher Dodd and House Banking Committee Chairman Barney Frank, responsible with overseeing FM&FM, assuring us that there were no problems with FM&FM right up to their collapse. Not surprisingly, virtually all the investment banks that are in trouble and being bailed out are run by financial supporters of Obama and other Democrats. Secretary of the Treasury Paulsen was head of Goldman Sachs. The new head of the $700 million bailout is also from Goldman Sachs. This is like letting the fox be in charge of hen house security. It was announced that our government will infuse capital into the troubled banks. This gives whoever is in power of our government the ability to force the same kind of abuses that have caused this massive banking crisis in the first place. Barack Obama has received more campaign donations that any other politician in the past three years from Fannie Mae and Wall Street. FM&FC have been virtually private piggy banks of campaign contributions for Democrats for the past 10 years. Yes, a token amount went to some Republicans. And there is plenty of blame to go around in this financial crisis, but the reason it happened was 100% caused by a Democrat run government that forced a liberal policy initiated by President Clinton and reforms primarily blocked by Democrats. One would never know this by watching the news or reading newspapers. Until the majority of our citizens understand whom (government liberals) and what (liberalism/socialism) caused this mess, we will allow our elected officials, through massive inflation, to lower the standard of living of those of us who are financially prudent and give our earnings to those who are not prudent. The big excuse for the bailout is that credit markets have frozen up. But it is not true. There is plenty of credit available for good credit risks. The only way this can be rectified is to allow the people who made the mistakes to take their losses. It is called taking personal responsibility for one’s actions. Already we see that the bailout has had virtually no effect on the markets other than to cause huge sell offs because smart investors see that the U. S. is adopting failed liberal socialist policies. Our government is following in the footsteps of Hoover and Roosevelt. We do not need to have another depression, but the government is taking the steps to make it happen. The taxpayer financed bailout should be reversed immediately as it will only encourage more irresponsible fraudulent behavior. Impacts of Financial Crisis on Global Economy For the developing world, the rise in food prices as well as the knock-on effects from the financial instability and uncertainty in industrialized nations is having a compounding effect. High fuel costs, soaring commodity prices together with fears of global recession are worrying many developing country analysts. Asia & Financial crisis Countries in Asia are increasingly worried about what is happening in the West. A number of nations urged the US to provide meaningful assurances and bailout packages for the US economy, as that would have a knock-on effect of reassuring foreign investors and helping ease concerns in other parts of the world. India and China are the among the world’s fastest growing nations and after Japan, are the largest economies in Asia. From 2007 to 2008 India’s economy grew by a whopping 9%. Much of it is fueled by its domestic market. However, even that has not been enough to shield it from the effect of the global financial crisis, and it is expected that in data will show that by March 2009 that India’s growth will have slowed quickly to 7. 1%. Although this is a very impressive growth figure even in good times, the speed at which it has dropped—the sharp slowdown—is what is concerning. China similarly has also experienced a sharp slowdown and its growth is expected to slow down to 8% (still a good growth figure in normal conditions). However, China also has a growing crisis of unrest over job losses. Both have poured billions into recovery packages. China has also raised concerns about the world relying on mostly one foreign currency reserve, and called for the dollar to be replaced by a world reserve currency run by the IMF. Of course, the US has defended the dollar as a global currency reserve, which is to be expected given it is one of its main sources of global economic dominance. Whether a change like this would actually happen remains to be seen, but it is likely the US and its allies will be very resistant to the idea. Japan, which has suffered its own crisis in the 1990s also faces trouble now. While their banks seem more secure compared to their Western counterparts, it is very dependent on exports. Japan is so exposed that in January alone, Japan’s industrial production fell by 10%, the biggest monthly drop since their records began. Japan’s output for the first 3 months of 2009 plunged at its quickest pace since records began in 1955, mostly due to falling exports. A rise in industrial output in April was expected, but was positively more than initially estimated. However, with high unemployment and general lack of confidence, optimism for recovery has been dampened. In recent years, there has been more interest in Africa from Asian countries such as China. As the financial crisis is hitting the Western nations the hardest, Africa may yet enjoy increased trade for a while. These earlier hopes for Africa, above, may be short lived, unfortunately. In May 2009, the International Monetary Fund (IMF) warned that Africa’s economic growth will plummet because of the world economic downturn, predicting growth in sub-Saharan Africa will slow to 1. 5% in 2009, below the rate of population growth (revising downward a March 2009 prediction of 3. 25% growth due to the slump in commodity prices and the credit squeeze). Some African countries have already started to cut their health and HIV budgets due to the economic crisis. Their health budgets and resources have been constrained for many years already, so this crisis makes a bad situation worse. Due to its proximity to the US and its close relationship via the NAFTA and other agreements, Mexico is expected to have one of the lowest growth rates for the region next year at 1. 9%, compared to a downgraded forecast of 3% for the rest of the region. Europe & Financial crisis In Europe, a number of major financial institutions failed. Others needed rescuing. In Iceland, where the economy was very dependent on the finance sector, economic problems have hit them hard. The banking system virtually collapsed and the government had to borrow from the IMF and other neighbors to try and rescue the economy. In the end, public dissatisfaction at the way the government was handling the crisis meant the Iceland government fell. The EU is also considering spending increases and tax cuts said to be worth â‚ ¬200bn over two years. The plan is supposed to help restore consumer and business confidence, shore up employment, getting the bank’s lending again, and promoting green technologies. Russia’s economy is contracting sharply with many more feared to slide into poverty. One of Russia’s key exports, oil, was a reason for a recent boom, but falling prices have had a big impact and investors are withdrawing from the country. Africa & Financial crisis Perhaps ironically, Africa’s generally weak integration with the rest of the global economy may mean that many African countries will not be affected from the crisis, at least not initially, as suggested by Reuters in September 2008. In recent years, there has been more interest in Africa from Asian countries such as China. As the financial crisis is hitting the Western nations the hardest, Africa may yet enjoy increased trade for a while. These earlier hopes for Africa, above, may be short lived, unfortunately. In May 2009, the International Monetary Fund (IMF) warned that Africa’s economic growth will plummet because of the world economic downturn, predicting growth in sub-Saharan Africa will slow to 1. 5% in 2009, below the rate of population growth (revising downward a March 2009 prediction of 3. 25% growth due to the slump in commodity prices and the credit squeeze) African countries could face increasing pressure for debt repayment, however. As the crisis gets deeper and the international institutions and western banks that have lent money to Africa need to shore up their reserves more, one way could be to demand debt repayment. This could cause further cuts in social services such as health and education, which have already been reduced due to crises and policies from previous eras. The current crisis The housing bubble started to burst in 2006, and the decline accelerated in 2007 and 2008. Housing prices stopped increasing in 2006, started to decrease in 2007, and have fallen about 25 percent from the peak so far. The decline in prices meant that homeowners could no longer refinance when their mortgage rates were reset, which caused delinquencies and defaults of mortgages to increase sharply, especially among subprime borrowers. From the first quarter of 2006 to the third quarter of 2008, the percentage of mortgages in foreclosure tripled, from 1 percent to 3 percent, and the percentage of mortgages in foreclosure or at least thirty days delinquent more than doubled, from 4. 5 percent to 10 percent. These foreclosure and delinquency rates are the highest since the Great Depression; the previous peak for the delinquency rate was 6. 8 percent in 1984 and 2002. And the worst is yet to come. The American dream of owning your own home is turning into an American nightmare for millions of families. Early estimates of the total number of foreclosures that will result from this crisis in the years to come ranged from 3 million to 8 million. So far (as of January 2009), there have already been almost 3 million mortgage foreclosures. Another 1 million mortgages are ninety days delinquent and another 2 million were thirty days delinquent. Therefore, a total of about 6 million mortgages either have already been foreclosed, are in foreclosure, or are close to foreclosure. Six million mortgages are about 12 percent of all the mortgages in the United States. The situation could get a lot worse in the months ahead, due to the worsening recession and lost jobs and income, unless the government adopts stronger policies to reduce foreclosures. Defaults and foreclosures on mortgages mean losses for lenders. Estimates of losses on mortgages keep increasing, and many are now predicting losses of $1 trillion or more. In addition to losses on mortgages, there will also be losses on other types of loans, due to the weakness of the economy, in the months ahead: consumer loans (credit cards, etc. ), commercial real estate, corporate junk bonds, and other types of loans (e. g. redit default swaps). Estimates of losses on these other types of loans range up to another trillion dollars. Therefore, total losses for the financial sector as a whole could be as high as $2 trillion. It is further estimated that banks will suffer about half of the total losses of the financial sector. The rest of the losses will be borne by non-bank financial institutions (hedge funds, pension funds, etc. ). Therefore, dividing the total losses for the financial sector as a whole in the previous paragraph by two, the losses for the banking sector could be as high as $1 trillion. Since the total bank capital in the U.  S. is approximately $1. 5 trillion, losses of this magnitude would wipe out two-thirds of the total capital in U. S. banks! * This would obviously be a severe blow, not just to the banks, but also to the U. S. economy as a whole. The blow to the rest of the economy would happen because the rest of the economy is dependent on banks for loans—businesses for investment loans, and households for mortgages and consumer loans. Bank losses result in a reduction in bank capital, which in turn requires a reduction in bank lending (a credit crunch), in order to maintain acceptable loan to capital ratios. Assuming a loan to capital ratio of 10:1 (this conservative assumption was made in a recent study by Goldman Sachs), every $100 billion loss and reduction of bank capital would normally result in a $1 trillion reduction in bank lending and corresponding reductions in business investment and consumer spending. According to this rule of thumb, even the low estimate of bank losses of $1 trillion would result in a reduction of bank lending of $10 trillion! This would be a severe blow to the economy and would cause a severe recession. Bank losses may be offset to some extent by â€Å"recapitalization,† i. e. by new capital being invested in banks from other sources. If bank capital can be at least partially restored, then the reduction in bank lending does not have to be so significant and traumatic. So far, banks have lost about $500 billion and have raised about $400 billion in new capital, most of it coming from â€Å"sovereign wealth funds† financed by the governments of Asian and Middle Eastern countries. So ironically, U. S. banks may be â€Å"saved† (in part) by increasing foreign ownership. U. S. bankers are now figuratively on their knees before these foreign investors offering discounted prices and pleading or help. It is also an important indication of the decline of U. S. economic hegemony as a result of this crisis. However, it is becoming more difficult for banks to raise new capital from foreign investors, because their prior investments have already suffered significant losses. In addition to the credit crunch, consumer spending will be further depressed in the months ahead due to the following factors: decreasing household wealth; the end of mortgage equity withdrawals and declining jobs and incomes. All in all, it is shaping up to be a very severe recession.

Challenges of Mixing Methods and Methodologies

Inventory flow management is considered as one of the most critical and costly aspect of supply chain management. The companies are rigorously trying to balance the cost of inventory so that it is able to fulfill customer requirements. Storing to many stocks increases the cost of warehouses and attaches with the capital further it also causes loss to vendors if in any case there is a drop in demand. When there is very less or no inside available in the inventory upstream, downstream retailers, manufacturers and distributors cannot give commitment for huge orders with guaranty apart from that these people will also not be able to deliver proper forecast. Inventory management is usually considered as a very dynamic and flexible system which is very sensitive towards parameters of cost and it is been developing throughout years. It is also termed parlance management because supply chain managements deals with material flow control from the raw materials suppliers at one end and delivery of finished goods to the consumers at the other end. The most of these techniques are usually dependent of scientific principles further it's based on mathematical and theories of probability. The inventory management is responsible for various activities like marketing, purchasing, production and other techniques so that it can balance the conflicting tools (Bhasin , 2016) This system is responsible to provide knowledge to manage the flow of materials in an efficient manner, utilize people and equipment effectively and coordinate internal activities. The well managed inventory flow management demonstrates that the customers receive the goods efficiently in proper time. It further allows the members of the team to match the inventory with consumer's demand .Apart from that it is mandatory to meet the objectives of the system including capacity, profitability and productivity. There is some of the basic inventory terms listed:-Cycle stock-It is the basic amount of material required in order to meet the demands of the customer. Transit Stock-It is the reroute among the locations which carry the stock. Speculative Stock-It is basically the extra amount of raw materials required to meet the high consumer needs. It is different than normal short term demand. Safety Stock- It is the extra amount of stock in excess of the cycle stock which is usually maintaine d to compensate the uncertainties of the growing demand and substitution.It can also be expressed through a fixed amount (Coca Cola Journey , 2017) The inventory stock management has a good match with demand and supply further replenishing the requirement of inventory. Various operations such as transporting, manufacturing and warehousing; all these are responsible to generate imbalances in the system which finally gives rise to inventory management especially in FMCG industries. Errors in predicting the consumer demand generally impact the production of the product been produced in the plant. Apart from that changes related to promotional and seasonal impact the consumer demand for any particular product. Hence in these case shortages of the inventory further generate imbalances in the entire system. For eg:- shortage of labor, shortage of transportation.raw materials shortage and capacity of manufacturing constraints ; these all are generally responsible for inventory shortage and the company in such cases is unable to meet demands of the customers (Cahan, 2003) One of the most important parameter of shortage of inventory is scheduling. There are basically three kinds of scheduling problems in the FMCG industries:-First the schedule can be inadequate, second the schedule is not carried out in a proper manner and third the schedule can be disturbed by unexpected scenarios such as bad conditions of weather or breaking of equipments. The efficient inventory management will be trading off the conflicts of operations and constraints of inventory so that it can aim for an effective compromise that maintains enough inventories to meet customer demand yet covers variation in the forecast (Floyd & Fowler, 2009) Inventory is very crucial and it very much mandatory but there are other expenditures associated with the same; and the expenditures increases with the increase in levels of inventory generally when indirect and direct cost is indulged. The bigger the inventory, the higher is the possibility of loss by damage, obsolescence, aging and theft. A bigger inventory can result into inefficient handling. It is always recommended to spend ample amount of time in re-warehousing, double handling and stock rotating through man-hours which may have be crucial for some other task. It is very common factor in FMCG industries to carry manufacturing cost of 25% out of the total amount of funds allocated for inventories. Sometimes the expenditure allocated for inventories can be used elsewhere according to the latest requirement of the industry. Thus it is important for the operations to carry out enough inventories so that it can be always updated with its stock so that shortage scenarios can be avoi ded (Green, 2011) The principle of inventory management states that the industrial plant has good amount of production flexibility and capacity and enough area for storage. The basic quantity required for scheduling and planning the receipt of ingredients, raw materials and supplies packaging must be taken into consideration when estimating and calculating finished product requirement, certain patterns of demand , seasonal swings and activities related to promotional might need pre production specific SKU's in order to avoid capacity of production at bottlenecks. But whenever there is pre production of goods there might be less capacity of storage in the production area. In these scenarios there is a shifting of inventory to the distributing centers based on estimated demands. One needs to note that if the required facility has much capacity of constraints or an unbalanced infrastructure then it's mandatory for the team of management to modify the basic inventory process principle (Helfat & Martin, 20 14) The FMCG industries basically need to be proactive in nature for product recall. The earlier model of business required traceability from individual stores to distribution centers. The recent survey conducted on approximate 48 industries in FMCG sector states that the primary cause for installing an automated control system and material tracking system is to get real time visibility and accuracy of inventory so that it can efficiently track and trace the system of inventory. Further the report stated that 52 percent of the industries now use bar coded labels so that they can keep a track on their raw materials, goods finished and progress of work. In order to monitor raw materials, finished goods in the current scenario; it is mandatory to avoid accidental shifting of materials. To work in the real ambience the companies require the industry need to instantaneously hold the inventories either on SKU's real time expiration control of inventories .This can prevent the expired inventory allocation from entering the other processes .Hence resulting in downfall in distribution chain (Hutchison & Boxall, 2014) The aim of inventory flow management is to match demand with supply on regular time .There are two main methods to manage the flow of inventory most frequently termed as production push and warehouse pull. Production push is regarded as one of the most traditional technique whereas warehouse pull is the new one. At times the system of pull is much suitable to the requirements of the distribution network and beverage industry as it the exact consumer demand the basis for substituting inventory. But for satisfying the demands of the consumers without further interruption a certain quantity of inventory must be send out of the door. In this case the production pull system works very well. Both distribution and production push works very well (Lislie,   2011) In the inventory management production push process the periodic demand estimation is often converted into the production plan and a production schedule. Further the process of push production is further converted into transportation schedule which allocate the amount for transporting to each and every distribution center based on each forecast. In the production push process, the facilities with respect to the production or other elements involving centralized planning generally control and manage the movement of inventory within its distribution centers and location. The push process is generally introduced in the processes during periods of promotion, when the products are supposed to push out of the production area on assigning basis. In the inventory management warehouse pull process, demand forecast is also responsible for the plan of production and modification in schedule of production   on the basis of inventory substitution taking into account distribution center (Metcalf e, 2002) The system of pull in inventory flow management deals with responding to consumer's demand. Here the consumer is considered as a important factor while deciding the requirement, location and amount of SKU's. The push process generally sends out the materials based on the forecasted demands of the market or blanket allocation. The pull system sends out the materials on the basis of the demands of the distribution centers which are directly dependents on consumer's demand. The pull process works under right time principle so that it can conduct quick and frequent flow of info and goods. The cost cutting is usually maintained by replacing waste such as inventory which stays too long or huge amount of safety stocks. The pull system functions better than pull system as it is able to operate and deal with all the complex scenarios of beverage industry by using the technology at optimal level. The pull system of the inventory management is combined with scheduling of production and planning of resource it facilitates the matching of supplies with the actual customer demands within the supply chain again the reversal of planning information from consumers to suppliers (Randolf, 2009) The FMCG industries are making a drastic change by shifting from push system management to pull system inventory management. At the same time there are various factors involved which will lead to success of pull system in future. On primarily basis the industry should have a general knowledge about the pull system .It employees should have a basic idea on operation and estimation during the entire process (Austin & Seitanidi,   2012.) Secondly it's important for the cross over to have a proper commitment by the team of management and prior support by members in the senior management. Thirdly there should be introduction of performance parameters so that it can be established within the line of objectives in supply chain management .Fourth, all the locations should have timely and accurate info about the demands and quantities of inventory management. Fifth, an accurate estimating and forecasting system should be established and the sales and operation tem should be liable to it equally. Sixth, parameters of operations such as lead times, cycle times, and capacities are often required to understand production, warehousing and transport. Seventh, it is mandatory to have accurate info and good communication to solve the complexity of business by indulging software system and finally transportation is required for scheduling the systems (Finegan, 2001) The main preference of all the employees in the FMCG distribution and manufacturing is to satisfy the demands of the consumer for production. Controlling and monitoring the inventory is done in order to match the consumer's demand by scheduling the transportation and productions in a way which can decrease the usage of resources in a complex and constant balance. In order to manage the shifting of materials throughout the entire distribution centers and processing unit they usually develop the ability to meet the changing demands of business. This is further integrated with right policies, system and production. The management of processes and technology are usually done on the basis industrial practices and further by effective achieving the balance of inventory flow management. This leads to a company's success in today's challenging time. Managing the entire material transportation efficiently throughout the processing tenure and distribution of proper Inventory management is a crucial part of the "Seamless tube "within any respective FMCG company. The common focus of this sector is on customer satisfaction. The main goal of this sector is to produce good quality goods at nominal rates further packaged and delivered according to the latest demands of the consumers. Proper management of the inventory flow management ensures that every customer and supplier has uninterrupted delivery of delicious and fresh products of the FMCG company. This is also regarded as the greatest form of service delivered to customers. The enti re inventory management basically works on this fundamental. 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