Just-in-Time Planning at Mutual Insurance Company of Iowa Case Study

Just-in-Time Planning at Mutual Insurance Company of Iowa - Case Study Example Its image could also be affected in the negative light and bring a halt to the current growing demands for its products as new customers shopping around for insurance products will opt for firms with a good of reputation in terms of faster processing of claims. Resources are overstretched and the company could end up losing new and existing business. Looking at the case at the case even without the advice of consultants or experts a number of assumptions can be made about the company’s personnel and equipment situation. Firstly the company and particularly the Des Moines facility for claim processing is facing human resources crisis. The increase in number of claims flowing in on a daily basis means increased amount of work for the same number of employees. One solution thus is the company to hire more personnel to meet the demands of growing workload. The inventory handling capacity should also increase in terms of equipment; the current equipments were not bought in anticipation of the workload the company is getting today. A permanent solution to this would be to get more modern equipment with a capacity to handle more work and also the facility should be expanded commensurately. The company is also faced with challenges surrounding administrative and workflow management. Claim documents have to pass through the hands of different persons for approval before a customer gets a verdict. The net effect of this is a lot of time taken to process just a single claim and also many people doing just the same work. Precisely this could be causing duplication of effort and therefore under-optimisation. The solution approach taken by Cook of streamlining workflow process and cross training employees will eliminate these problems as just the same employees will be capable of handling different types of duties. To help in restructuring the entire process of processing claims, Cook has established a taskforce and also outsourced an external

Investment in Libyan Oil Industry Dissertation

Investment in Libyan Oil Industry - Dissertation Example The intention of this study is Libya, an important nation situated at the centre of the North African Mediterranean coast. Having the largest resource of oil in the African region, Libya has been a prominent exporter of crude since early 1960s. The Arab Jamahiriya of Libya, encircled by Algeria and Tunisia in the west, Egypt and Sudan in the east and Niger and Chad in the south has however not been viewed as an attractive destination for investments in the more recent past. The international community has been seeing Libya under its leader Colonel Qadhafi as a state that supports and nurtures rebels and finaces terrorists activities against the western nations. This perception led to the imposition of sanctions by the United Nations in 1992 and a series of restrictive measures and trade embargo by the United States.With the final removal of all the sanctions and owing to reforms being undertaken in the country and improvement in relations with other nations, opportunities are now bei ng explored to take up investments in the country and take advantage of the emerging situation. Libya on its part appears to be making all the right moves. Colonel Qaddafi too has expressed his opinion in favour of reforms together with the vision of applied socialism and popular democracy. Multinational companies and foreign institutional investors (FIIs) are now being given encouraging signals to invest in the country. Prime Minister Shukri Ghanem, supported by Seif al-Islam, the son of Col Qaddafi has started the reforms process.