Royal Mint

In: Business and Management

Submitted By JunkVH
Words 342
Pages 2
ADM3302 Supply Chain Management
Canadian Circulation Coin Distribution System
Overview of the Royal Canadian Mint








Founded in 1908 in Ottawa
Two types of production o Hand craft coins in Ottawa o Circulation coins in Winnipeg
Business Lines o Canadian circulation (5 cents to 2 dollars, including recycling) o Bullion & Refinery o Numismatics o International customers (Doing money for other countries)
800 million commemorative coins produced and distributed o New technology used on the last coins (Stamp)
Demands in Canadian: 4.5 – 5 billion o This demand is based on the coin orders, but also calculated with an IT structure analysing the market. o Trade and commerce activity is unknown, and invisible for RCM o Over this 4.5-5 billion
 8% comes from RCM production
 11% from recycling
 79% from bank inventory

Canadian Circulation Coin Distribution System (CCCDS)


Supply > Distribute > Authenticate > Enhance >

(Forecasting, Production, Distribution, Recirculation, Verification, Auditing, Consultation,
National Coin Committee.)
Supply






Finding the right balance between Coin demand and Coin supply
5 denomination
23 regional sites, 12 pool sites
10 financial institution
1150 forecast generated every week

Distribution










Every coins are produced at Winnipeg, and then send to one of the 12 pool sites
Why Winnipeg? Maybe because it’s a central place!
Last shortage was in 2005
Higher demand on summer, and when there is big event like Olympics games
Product post 2000 last more longer due to a new concept (Steel in the middle of the coin) Contracts with 3rd party for moving inventory (Secured movements and facilities)
Coin pool site -> Financial institution -> Retailers -> Consumers -> Spend, Recycle or Save
Challenge with recycling: How do we integrate those coins…...

Similar Documents

Royal Hotel

...Case Study – Royal Hotel 1. Briefly (2 paragraphs or less) describe the facts of the case. In order to improve the performance, Royal Hotel (RH) became one of the clients of Fancy Consultants& Company (FC). Blake Cantera was an intern and he was in charge of this case. According to the General Manager (GM), the level of the service in RH was unacceptable based on the discerning guests and RH’s self-positioning. Blake recommended RH to purchase and install M-tech’s Espresso after some short interview with some related people. Blake also gave four main advantages of the proposed information system as followed: Rapid response, Quaility control, Preventive maintenance, and Reporting. This system allow housekeepers to report problems as soon as possible without waiting so that it can reduce the chance of “slippage through the cracks” if the housekeeper forgot to communicate the problem. This system also can avoid the same problem occurred again and the manager can reward the employees according to their performance based on the data which showed by the system. While Blake got another account, so, his classmate Jack took over this case. After one month and a half, Blake was told that his solution was failed. It was useless and it just wasted money. When he came back to RH, he found that the Espresso was sitting in a corner, nobody cares about it, and every employee thought the older manual system was better than the new one. When Blake prepared to find a solution to......

Words: 852 - Pages: 4

Battle Royal

...Name Course Instructor Institution Date Literary discourse: The importance of Battle Royal Ralph Ellison’s literary piece exemplifies the extreme racial prejudices of the mid twentieth century that Afro-Americans suffered under white supremacy dominance. Battle royal tackles issues of social inequalities in terms of economic empowerment, education, self-identity and racial superiority or lack thereof. Through the main protagonist in the story, the writer manages to bring to the fore the brutal acts of racial segregation and the horrors of a people struggle for self-recognition and identity. The agonizing plight of the young black man, point to the psychological torment that the black race had to endure as he tries to impress the white folks, despite his grandfather’s counsel that their lives was a perpetual war that he has to fight. The story depicts a nameless protagonist trying to define his place among his people and acceptance from the white people. The story if full of symbolism through use of imagery and satire allowing the reader appreciate the magnitude of a class-based society. The cultural differences are played out in the story depicting the superiority of the white people as opposed to the black race. For instance, the young man is invited to give a speech to an all-white audience, but first he is forced into a ‘battle royal’ with his classmates who all happen to be black. The fight is not for accolades for the winner but purely......

Words: 1463 - Pages: 6

The Royal Mint

...I. Introduction The Royal Mint has a unique manufacturing operation in the United Kingdom and also designated as an executive agency responsible to the treasury to the “Her Majesty's” Government. Its objective is to provide the government with coinage at a competitive price and its manufacturing requirement ranges from high volumes of standard coinage to individual service medals or commemorative coins. In the case of the Royal Mint, they follow a unique cost ceiling that their cost base must always be less than the face value of the coins being produced. In order to follow that unique cost ceiling, the researchers follow the concept of simultaneous design by being involved in initiatives to improve materials being used in both coins and dies. Then due to high inflation rate, the face value of the coin is exceeding the cost base of the raw material and with the help of using the concept of simultaneous design, the Royal Mint quickly mitigated the risk by changing the composition of the 2 Pound and 1 Pound coins to a steal core with an electroplated copper outer layer and has significantly reduced the unit cost and it added expected lifetime by using a less expensive metal base. II. Background The Royal Mint has a cost ceiling that the cost base of the material must be less than the face value of the coin being produced. In order to follow that unique cost ceiling, the Royal Mint implemented the Concept of Simultaneous Design to research on how to further......

Words: 931 - Pages: 4

Royal Ahold

...Headquartered in the Netherlands, Royal Ahold is one of the world’s largest international retail grocery and food service companies. At its peak in 2001, Ahold’s reported sales and profits were €66.6 billion and €1.1 billion and it operated 5,155 stores in 27 countries with nearly a quarter of a million employees. Ahold was started as a family firm in 1887 by the Heijn family. It was a family-controlled business, operating primarily in the Netherlands for over 100 years. The company went public in 1948. In 1989, Ahold underwent a major transition from a family-controlled to a management controlled firm. This transition resulted in a phenomenal period of success for the firm. It generated over a 1,000% return for its shareholders and had a market capitalization of €30.6 billion by November 2001. In February 2003, Ahold witnessed a reversal of fortunes and suffered a complete meltdown. The firm was in a complete disastrous state with nothing going in their favour: a failed strategy, an accounting scandal, the firing of professional management, and litigation filings from all parts of the world. Shareholders lost most of their returns generated since 1989. Ahold scandal gave Europe a reason to believe that corporate governance and accounting problems were not restricted U.S. only. Ahold became “Europe’s Enron” (The Economist, March 1, 2003). It caused Dutch and European policymakers to rethink their approach to corporate governance and accounting policy. The Royal Ahold......

Words: 2323 - Pages: 10

Royal Beatings

...Whether you’ve come from a home without much love, understanding or support, or maybe you have or are suffering from an illness, we have all had experiences at some point in our life that have profound affects in where we’ve come from and in shaping who we are. Take a look at Rose in ‘Royal Beatings’. Rose grows up poor in the back of a grocery/furniture repair store, experiences the loss of her own mother and is raised by her stepmother Flo and father. Before Flo assumed position of stepmother, she was witness to a beating of a man. Sadly, Flo goads Rose’s father to carry out punishments with beatings and threatens Rose with a ‘Royal Beating’ one day. Rose doesn’t know what a ‘royal beating’ is exactly and so conjures up in her mind what it could be. This is a life, whereby, I’m sure anybody would want to escape. Rose does so by withdrawing into a colorful and imaginative world within. In ‘The Yellow Wallpaper’, the author describes the yellow wallpaper as a revolting, smoldering unclean flamboyant pattern stripped in areas on the nursery walls of a temporary rented mansion while her permanent home is being renovated. The described walls alone tell the reader of how one may feel about their own life if this person is undergoing or being treated for temporary nervous depression. Her husband/physician assures her nothing is the matter and she simply just needs the “rest-cure” treatment. Like any person can change in how they feel from day to night, the yellow......

Words: 526 - Pages: 3

Royal Bodies

...Royal Bodies Hilary Mantel is an award-winning and bestselling British author. She is particularly famous for her historical novels. In her speech held at the London Review of Books lectures at the British Museum 2013, Hilary Mantel describes her stance towards the women of the British monarchy. The whole reflection on British female royalty started with a simple task; name a famous person and choose a book to give to them. Hilary Mantel chose Kate, the Duchess of Cambridge as her famous person, and the book she would give to her was Queen of Fashion; What Marie Antoinette Wore to the Revolution. Hilary Mantel quickly states, that in no means does she believe that we are heading towards a revolution. Rather her choice rests on the fact, that she sees Kate as a mere shop-window mannequin, completely and utterly defined by her outfits and nothing else. She describes how Kate has no personality of her own. It does seem rather odd, to judge a person you’ve never met before, based on the way tabloids describe their fashion choices, frankly Kate could have the most amazing personality in the world, but how do you expect it to shine through the glossy pages of a gossip magazine? Nevertheless, she does not identify Kate with Marie Antoinette, rather she identifies the late mother-in-law of Kate with Marie Antoinette, Diana the People’s Princess. Marie Antoinette and Diana are described as “gliding, smiling disasters”. Where Kate is described as the cookie-cutter image of how a......

Words: 1286 - Pages: 6

Royal Mail

... In the following table compares Royal Mail with Deutsche Post and Austria Post, in terms of revenues, earnings and profits. | Royal Mail | Deutsche Post | Austria Post | Revenues (£m) | 9,279 | 46,347 | 1,975 | Earnings before interest and taxation (£m) | 367 | 2,225 | 152 | Earnings (or profit) | 562 | 1,384 | 103 | Share Price (£m) | £5.64 | £20.48 | £30.01 | Market Capitalization (£m) | 5,640 | 24,758 | 2,028 | Earnings per share | £0.56 | £1.15 | £1.52 | P/E ratio | 10.0 | 17.9 | 19.7 | Return on Sales | 3.96% | 4.80% | 7.70% | % state of ownership | 30.00% | 21.00% | 52.80% | | | | | Financial performance The revenues of Royal Mail, at £9.3 billion, are significantly higher than Austrian (£2.0 billion). However, Deutsche Post’s revenues, at £46.3 billion are nearly five times greater than the revenues for Royal Mail. Profits measured by earnings before interest and taxation has increased for Royal Mail from £277 million in 2010/11 to £367 million in 2011/12. This is mainly due to revenue growth. Parcel revenue increased 13 per cent year on year, with letters revenue growing three per cent. Whilst this is strong year-on-year performance in profits for Royal Mail, profits as a percentage of revenues (referred to as “return on sales” in the table above) of 3.96% is a little lower than the 4.80% for Deutsche Post, but clearly much lower than the 7.70% for Austria Post. The lower return for Royal Mail can in part be attributed......

Words: 1391 - Pages: 6

Royal Enfield

...This report is on the market analysis of the Royal Enfield as the demand for leisure biking is fast growing in Indian market. It helped us understand how a company on the verge of bankruptcy in the year 2000, bounced back to create a niche for itself in the motorcycle market by restructuring its strategies and modifiying the product design to appeal to a wider audience. With changing customer scenario and increasing double income salaries, the brand is steadily growing again so much that the waiting for an Enfield has stretched up to nine months. The study of external and internal environmental business factors is done through the SWOT and PEST analysis in the first part of the report. The SWOT analysis helps in understanding the effect of internal and external factors in the business environment for Royal Enfield. The PEST analysis focusses on the effect of Political, Economical, Social and Technological environment on the business and helped us identify opportunities and threats for business with regards to the same. In the second section of the report Porter’s five forces analysis is used to understand the various forces that influence liesure motorbiking business. This model has helped us identify the current position and the effect of different forces which might effect the profitability in the future. In the later half of the report a study has been performed on the consumer behaviour, buying roles, decision making process and kind of purchase behaviour to......

Words: 586 - Pages: 3

Royal Dutch

... CASE 8 ROYAL DUTCH SHELL : FUELING THE WORLD INTRODUCTION Almost 200 years ago, a London historic dealer began importing sea shell from the Far East to supply a fashion for exotic décor. Marcus Samuel enterprise arranged the foundation for a thriving import and export business later run by his sons, Marcus Juniorand Sam. At this time oil was largely used in lighting and lubricants and the industry was based in Baku and Russia with it is large reserve of high quality oil and strategic natural harbour. The arrival of the internal combustion engine in 1886 to a demand for transport fuel. Building on their shipping expertise the Samuel brothers commissioned a fleet of steamers to carry oil in bulk. They revolutionised oil transport with the maiden voyage oftheir first tanker, Murex. In 1892 murex was the first ever tanker to transit the Suez Canal. The brother company was name the shell transport and trading company in 1897. Itused a mussel shell as it logo. Shell transport activity in the East combined with a search for new sources of oilto reduce dependence on Russia brought it into contact with Royal Dutch petroleum. Thetwo company join force in 1903 to protect themselves against the dominance of standard oil. They fully merged into the Royal Dutch Shell group in 1907. Shell changed its logoto the scallop shell or pectin which is used today. By the end of the 1920 Shell was the world leading oil company producing 11% of the world crude and owning 10% of it tanker tonnage....

Words: 2398 - Pages: 10

Royal Bodies

...Royal Bodies "Royal Bodies" is a speech by Hilary Mantel, an award winning and bestselling English writer. Hilary Mantel, born in 1952, is particularly famous for her historical novels. On February 21 2013, at a book lecture at the British Museum, she held a speech, in which she commented on the British monarchy. Hilary Mantel starts her speech by telling how she, last summer, was asked to name a famous person and choose a book to give them. She chose Kate, the Duchess of Cambridge, "a jointed doll on which certain rags are hung". This is a good way to start the speech because Hilary Mantel has now introduced her real purpose with the speech: to discuss the effect of monarchy. Hilary tells how she at a book trade event at Buckingham Palace met the queen. She was surprised how people acted around the queen, as if the queen was made out of glass. The following quote shows how the queen acted when Hilary looked at her: "... Her Majesty turned and looked back at me, as is she had been jabbed in the shoulder and for a split second her face expressed not anger but hurt bewilderment". After this quote Hilary explains her own feelings under this meeting with the queen: "And I felt sorry then. I wanted to apologise. I wanted to say: it's nothing, it's monarchy I'm staring at". Right here, in these two quotes, Hilary uses pathos, because she appeals to the audience's emotions. This makes you feel sorry for the queen. Hilary Mantel uses pathos as a rhetorical device several......

Words: 906 - Pages: 4

Royal Bee

... STUDI KASUS : Royal Bee Electric Fishing Reel Studi kasus ini membahas tentang seseorang yang bernama Royal Barton yang mempunyai hobi berburu dan memancing sejak kecil. Hobi maupun kegemarannya ini dia peroleh dari ayahnya yang juga sangat gemar untuk berburu dan memancing. Namun ketika sang ayah terkena serangan stroke, hobi memancing sang ayah harus berhenti. Hal ini dikarenakan stroke telah menyebabkan tangan ayahnya menjadi tidak berfungsi, sehingga sangat mustahil untuk dapat memegang alat pancing apalagi untuk memancing seperti biasanya. Oleh karena itu, Royal Barton memiliki ide untuk membuat sebuah alat pancing yang bisa digunakan untuk orang-orang yang memiliki keterbatasan secara fisik, dimana alat pancing ini nantinya diproyeksikan tidak hanya dapat digunakan oleh sang ayah tetapi juga oleh orang-orang yang tidak beruntung yang memiliki keterbatasan fisik lainnya. Setelah menghabiskan biaya yang tidak sedikit serta waktu bertahun-tahun untuk mewujudkan cita-citanya membuat alat pancing yang dapat digunakan oleh sang ayah dan orang-orang yang memiliki keterbatasan fisik, akhirnya Royal Barton menemukan sebuah alat yang dapat menjadikan alat pancing tradisional menjadi alat pancing elektrik. Alat temuannya ini berdimensi kecil sehingga dapat dibawa kemana-mana serta mempunyai berbagai aplikasi yang luar biasa. Paragraf-paragraf di atas merupakan penggalan studi kasus yang akan kita bahas. Dan berikut ini adalah pertanyaan-pertanyaan yang muncul dari studi kasus......

Words: 1494 - Pages: 6

Royal Enfield

...expectations. Now, what next? Royal Enfield has committed to a) Expand capacity by investing on a new state of the art manufacturing plant, to be operational in 2012. b) To launch two new bikes in 2012, to attract again the younger, performance seekers & leisure cruisers. c) To raise the bar on ‘quality’ in parts, in gloss & sheen and definitely in ‘perfecting the UCE’ to deliver ‘Top Notch’ reliability and performance. d) To expand reach in the domestic market in sales, after sales support, besides creating a ‘global foot print’ in unrepresented markets outside India. From our passionate and involved dealers & distributors I once again seek your commitment in 1) Delivering 100% “faultless” bikes post PDI to our customers. • Predictive & Preventive “post sales service competence”. • No “Vehicle off the Road”, on account of parts not available in your dealership, even for a day. 2) Adequate but well-maintained 3 ‘S’ facilities in your dealerships, confirming to RE Brand standards. 3) Your personal focus to deliver more than 95% by registering continuous improvement in all the parameters affecting product and customer satisfaction measures. 4) Last but not the least “keep riding” to become your “monthly marketing activity”. The Royal Enfield Team under the leadership of Dr. Venki, as the CEO has more than committed to augment required support to the marketing & sales team, in all your initiatives to sustain the lead, you all have established in making Royal Enfield what it is......

Words: 10725 - Pages: 43

Royal Greenland

...Royal Greenland 1. karakteriser kort virksomheden Royal Greenland Royal Greenland er den største virksomhed i Grønland, som en af verdens førende leverandører af koldtvandsrejer. Virksomhedens har hovedsæde i Nuuk, samt produktionsfaciliteter i Danmark, men primært i Grønland. De har ligeledes salgsselskaber på en række europæiske og oversøiske markeder. På det danske marked, markedsfører virksomheden omkring 1.500 forskellige varenumre, og har overordnede produktkategorier: * Skaldyr – primært rejer og krebs * Naturelle – en bred vifte af fileterede fisk * Convenience produkter – ready to eat produkter og færdigretter * Røget og gravad fisk – primært laks og hellefisk Virksomheden har ca. 2.000 ansatte, som er fordelt med 800 i Grønland og 200 i Danmark. De resterende er ansat på deres fabrikker, i bl.a. Tyskland og Polen. Virksomheden omsatte i året 2012/2013, for 5,3 mia. Kr., og det resulterede i et resultat før skat på 1.680.000 mio. Kr. Royal Greenland har datterselskaber i Skandinavien og Tyskland, Storbritannien, Frankrig og Japan. 2. Analyser Royal Greenlands interne forhold Til besvarelsen af denne opgave benytter jeg mig af SWOT-analysens interne forhold. Her for jeg et indblik i virksomhedens egen situation, og kan konkludere på det til sidst. Dernæst vil jeg benytte mig af værdikæden til at se hvad der skaber værdi for kunden. Stærke sider | Svage sider | Satser på høj kvalitet af deres produkter. Årets resultat har været......

Words: 1915 - Pages: 8

Royal Carribean

...Royal Caribbean Case This main focus of this case study is an analysis on the current situation (data from around 2Q of 2010). The case compares Royal Caribbean to its main competitor, Carnival, through the entirety of the study. The most discussed issue in the case is of Royal Caribbean and its situation relative to the world economy as its recovering from one of the worst recessions since the great depression. From where the timeline of the case begins (2Q of 2010) it had made a large recovery in profit and had cut costs as well. However, even despite the forecasts predicting a further increase in profit, Royal Caribbean along with the cruise line industry is still in a delicate position. The case constantly brings up the point that cruises are solely a purchase based off of discretionary income. In times of economic struggle, discretionary items like cruises are left out of the budget. Another issue that the case brought up with every factor discussed is Royal Caribbean being 2nd place in the world for market share, bested by Carnival Cruise Lines. The case goes back and forth debating whether or not its position within the market share is a good thing. While they by far are in 2nd place, Royal Caribbean has a special niche in the market being the luxury cruise liner with the newer and nicer ships. Overall, the largest theme in this case study is the uncertainty of the cruise industry with the unpredictable economy that may or may not be recovering. Strategic &......

Words: 655 - Pages: 3

Royal Scandals

...“Scandals and the Royal Family” Once upon a time everyone loved them, everyone wanted to be one, and everyone longed for even the smallest glance or wave from them. Many things throughout history have shaken our faith in the Royal Family. Many questions asked but very few answered, and even then the answered ones always seemed a bit sketchy. Are they really better? Are they flawed just like us? Is it possible? Have they really fallen as low as the peasants, as us? Throughout history they were untouchable but now small tidbits of information shed scandalous flickers of light on half-truths or are they full truths? We’ll leave that for you to decide. Did the Royal Family murder Princess Di? Was Prince Albert Victor, Duke of Clarence and Avondale, really Jack the Ripper? With an unscheduled jaunt through an ancient sacrificial Pagan site, Diana and Dodi were taken away from their predetermined haven of Al Fayed’s apartment. Moments before entering the tunnel, not only did every security camera mysteriously died, preventing anyone from ever really knowing what happened on that fateful night, but each and every single police radio quit, blocking any quick responders from saving the princess’s life. Eyewitnesses even reported hearing gunfire and snipers within the tunnel. In 1997, detectives grilled the ex-royal butler, Paul Burrell, for three hours. Seven years later, he came forward to tell about an MI5 link to a letter in which the Princess chillingly predicted her own...

Words: 1242 - Pages: 5