History of Automated Teller Machine Essay Example for Free

History of Automated Teller Machine Essay An automatic teller machine or ATM allows a bank customer to conduct their banking transactions from almost every other ATM machine in the world. As is often the case with inventions, many inventors contribute to the history of an invention, as is the case with the ATM. Read each page of this article to learn about the many inventors behind the automatic teller machine or ATM. In 1939, Luther Simjian patented an early and not-so-successful prototype of an ATM. However, some experts have the opinion that James Goodfellow of Scotland holds the earliest patent date of 1966 for a modern ATM, and John D White (also of Docutel) in the US is often credited with inventing the first free-standing ATM design. In 1967, John Shepherd-Barron invented and installed an ATM in a Barclays Bank in London. Don Wetzel invented an American made ATM in 1968. However, it wasnt until the mid to late 1980s that ATMs became part of mainstream banking. Luther Simjians ATM Luther Simjian came up with the idea of creating a hole-in-the-wall machine that would allow customers to make financial transactions. In 1939, Luther Simjian applied for 20 patents related to his ATM invention and field tested his ATM machine in what is now Citicorp. After six months, the bank reported that there was little demand for the new invention and discontinued its use. Luther Simjian Biography 1905 1997 Luther Simjian was born in Turkey on January 28, 1905. While he studied medicine at school, he had a life-long passion for photography. In 1934, the inventor moved to New York. Luther Simjian is best known for his invention of the Bankmatic automatic teller machine or ATM, however, Luther Simjians first big commercial invention was a self-posing and self-focusing portrait camera. The subject was able to look a mirror and see what the camera was seeing before the picture was taken. Luther Simjian also invented a flight speed indicator for airplanes, an automatic postage metering machine, a colored x-ray machine, and a teleprompter. Combining his knowledge of medicine and photography, Luther Simjian invented a way to project images from microscopes, and methods of photographing specimens under water. Luther Simjian started his own company called Reflectone to further develop his inventions.

Jesus is a True Hero Essay -- Religion Christian Christiantiy essays p

Over one third of the world's population call themselves Christians, or those who follow the teachings of Jesus. Jesus presence in the souls of humanity is everywhere. Sunday, the day of Christ’s resurrection, is still a day of rest and worship. The calendar still uses the year of his birth as a starting point, with A.D being after death and B.C being before the death of Christ. There are also major Christian holidays that are celebrated by millions each year, Christmas, the day of Christ’s birth, and Easter, the day of Christ’s resurrection. The life of Jesus is told in the new testament of the bible, which is still one of the best selling books of all time and has been translated in 2,000 different languages. The life and the lessons of Jesus are known by all his followers, the compassion he showed towards all people helped change the world. The life of Jesus is told in the New Testament, one of the most sacred and relished books by people all over the world. His mother was Mary, who was a virgin when he was conceived, and Joseph, a poor carpenter. The life of Jesus is contradictory to other messiahs such as Muhammad or Buddha. He was born in a manger as the son of a carpenter. The life he came from was not what was to be expected of a messiah. The Pharisees did not believe that Jesus was a savior because he did not fit the credentials that they thought a savior should have. Surely, a savior would have been born into a rich family and gone to the best schools. Jesus said â€Å"what shall it profit a man if he gains the whole world but loses his soul.† Meaning that the riches of the world are not worth having if you have to lie and cheat for them. Also a Man who has no money but is true to his faith and to god is richer than a man ... ...ieve in him. Jesus’ death for all of mankind’s sin was not a small sacrifice. Because of the huge sacrifice Jesus made, He can be considered a hero - a person who is admired for something He has done. In this case, Jesus is admired for taking all of mankind’s sin upon Himself. John 15:13 says, â€Å"Greater love has no one than this, that one lay down His life for His friends.† Jesus did just that. He loved every person who ever lived and has yet to live so much that He laid down His life for them. All they have to do is believe with their hearts and minds that what the Bible says He did is true. There are many people who have been harassed, beaten, or even killed for believing this. Every year, it is estimated that 186,000 people are killed for believing in Jesus as their Savior and for refusing to deny their faith in Him. This reveals just how great a hero Jesus is.

Barilla Case Study: Operational Ineffeciencies

Case Presentation Barilla SpA Introduction Company & Industry background †¢ World’s largest pasta producer in 1990 †¢ Pasta Share – 35% in Italy and 22% in Europe Channels of Distribution †¢ Products divided in 2 categories – â€Å"Fresh† and â€Å"Dry† †¢ Fresh Products had 21 day Shelf Lives †¢ Dry Products had Long ( 18 to 24 Months) or Medium(10 to 12 weeks) Shelf Lives †¢ Retail Outlets – Small independent The Issue During the late 1980s, Barilla suffered increasing operational inefficiencies and cost penalties that resulted from large week-to-week variations in its distributors’ order patterns Distribution Procedure †¢ Original flow of goods and information PLANT CDC’s Barilla run depots GD’s Chain supermarkets DO’s Independent supermarkets â€Å"Signora Maria† Shops Customers Customers Customers *CDC = Central Distribution Centre GD = Grand Distributors DO = Organize d Distributors Sales and Marketing Advertising – Heavy, Brand Positioned as the Highest Quality †¢ Trade promotions – Frequent †¢ Canvass period, 10 to 12 in a year, typical duration of 4 to 5 weeks †¢ Distributor could buy as much product as desired to meet present and future needs at the offered discount †¢ Volume Discounts also given †¢ Sales representatives used more at DO’s than GD’s – Merchandise Barilla Products – Set up In-Store Promotion – Take note of competitor’s prices, stockouts, new product launches – Work out ordering strategies for the retailer etc Demand Fluctuations †¢ Just in Time Distribution Variability in Demand †¢ Reasons – – – – Transportation discounts Volume discount Promotional activity No minimum or maximum order quantities – Product proliferation – Long order lead times – Lack of forecasting systems or sophist icated analytical tools at Distributer’s end Exhibit 12: Demand Fluctuations Variability in Demand †¢ Methods employed to counter variability – Holding buffer FGs to meet Distributor requirements – Asking Distributors/Retailers to carry additional inventory Impact – Strained Manufacturing and Logistics operations* – Poor Product delivery management – Thinning retailer/distributor margins – Increased Inventory Holding costs – Impossible to anticipate Demand swings – Changing customers due to lack of storage space Bullwhip effect †¢ Amplified Variation in demand as one moves up the Supply Chain (away from the order order customer) order Factory Distributor Wholesaler Retailer Order Variation The Causes of Bullwhip Effect Demand Forecast †¢ Long lead times †¢ Order Batching †¢ Price fluctuation (Promotional sales) †¢ Inflated orders in high estimated demand scenarios Counteracting the Bullwhip Effect †¢ Reduce Uncertainty – POS – Sharing Information – Centralizing demand information †¢ Reduce Variability – Year round or Everyday low pricing †¢ Reduce Lead Times – Information lead times: EDI – Order lead times: Cross Docking †¢ Strategic Partnerships – – – – Quick Response Continuous Replenishment Advanced Continuous Replenishment Vendor managed Inventory (VMI) Just-In-Time Distribution (JITD) †¢ Vendor-Managed Inventory Concept †¢ Treats end-customer as the Input †¢ Aims at managing the Input filter that Produces the Orders †¢ Decision-making authority for determining shipments in hands of Barilla SpA †¢ Barilla would monitor the flow of its products through the distributor’s warehouse, and then decide what to ship to the distributor and when to ship it †¢ Distributor provides Data on the shipment and current stock levels for Expected Benefits of JITD †¢ Manufacturer – Reduced manufacturing costs – Better Relationship with Distributors †¢ Increased supply chain visibility †¢ Increase Distributor’s dependence on Barilla – Improvement in manufacturing planning using objective data – Reduced inventory levels †¢ Distributors – Improved fill rates to Retail stores – Additional service without any extra cost – Reduced Inventory Holding costs JITD – Internal Resistance Sales Representatives feared reduction in responsibilities †¢ Flattened sales levels †¢ Risk of Inability to adjust shipments quickly to stock-outs †¢ Lack of infrastructure to handle JITD †¢ Increased competitor shelf space at distributor †¢ Inability to run Trade promotions †¢ Unsure about the cost benefits JITD – External Resistance †¢ Unconvinced Distributors †¢ Not willing to share warehouse data †¢ Perceived power transfer to Barilla †¢ Lack of faith in Barilla’s inventory management Possible methods to counter Resistance †¢ Demonstrate that JITD benefits the distributors – Run experiment at one or more of the distributor sites †¢ Maggiali needs to look at JITD not as a logistics program, but as a company-wide effort – Get Top management closely involved Experiments at Dryproduct depots †¢ Barilla spa ran first JITD experiment at its Florence depot †¢ During the very first month of the program – Inventory dropped from 10. 1 days to 3. 6 days – Service level to retail stores increased from 98. 9% to 99. % †¢ Depot’s staff was not comfortable working with such low inventory levels – Inventory levels finally allowed to increase to 5 days †¢ One of the arguments against JITD was that it will lead to waste empty spaces in the ware houses Experiments at Dryproduct depots †¢ In Florence case – Barilla growing at rapid rate in the region – Plans to expand warehouse – Existin g warehouse able to accommodate the increased requirement – Substantial investment on expansion was avoided †¢ JITD next tried at Milan Depot – Similar performance improvement as Florence †¢ These experiments established the credibility of JITD system Implementation at D. O. Cortese †¢ The decision to implement JITD in Marchese DC of Cortese involved – Barilla: Director of Logistics, Executive vice president of sales and Manager in charge of JITD implementation – Cortese: Nine managers including Managing director, new services manager, logistics manager and logistics, purchasing, marketing and sales personnel from Cortese’s Marchese DC †¢ Consultant Claudio Ferrozzi was roped in – Neutral party trusted by both the groups Implementation at D. O. Cortese †¢ For six months, Barilla team analyzed daily shipment data of the DC – Created the data base of DC’s historical demand pattern – Simulated shipments with JITD in place †¢ The implementation yielded phenomenal results – Prior to JITD †¢ Stock out rate : 2 to 5% ( Occasionally as high as 10 to 13%) – After JITD †¢ Negligible stock out rate of less than. 25%(Never exceeded 1%) †¢ Average inventory level also dropped Adaptation to different distributors With new confidence they approached other customers †¢ Customers apprehensive about JITD repeating the same success as Cortese for them as they had varied systems †¢ Barilla’s team developed capacity to translate customer’s standard’s into internal standards Adaptation to different distributors †¢ Developed a protocol which could be used to communicate with all customers †¢ Each SKU identified with three d ifferent product codes – Barilla’s code – Customer’s code – EAN (European article numbering system) barcode – Most common barcode standard in Europe †¢ Advantages of the coding system Information can be received through any code – Reduce impact of internal changes in product or code on client’s system Communication with consumers Customer each day sent following information to Barilla via EDI:1. Customer code number to identify itself 2. Inventory for each SKU carried by DC 3. Previous day’s â€Å"sell through†-All shipments of Barilla products out of DC to consumers on the previous day 4. Stock outs on previous day for every Barilla SKU carried by DC 5. An advance order for any promotions that the customer planned to run in the future 6. Preferred delivery carton size Lessons learnt One needs to prove credibility of any new performance initiative for others to buy his/her idea †¢ Best place to experimen t with an idea is within the organization †¢ To succeed in a new initiative, involvement of top management is imperative †¢ Market is ever growing. If performance measures seem to create spare time/capacity instead of chucking them, look out for ways to increase the – Barrilla could finally succeed in implementing JITD with Cortese. Whole of top management from both sides was involved in the decision making. Which never happened earlier – Sometimes roping a consultant helps THANK YOU

Warm-Up Activities and Fillers for the French Classroom

Most language teachers find that there is a bit of dead time during class. This may occur at the beginning of class, as the students are arriving; at the end of class, as they are thinking about leaving; and right in the middle of class, when transitioning from one lesson to another. During this dead time, the best option is to spend five or ten minutes on a short, interesting activity. Teachers from all over have shared some great ideas for warm-up and filler activities—take a look. Building Sentences Put together the parts of a sentence. Categories List all of the vocabulary in a particular category. Conversations Pair off for short discussions. Meet Your Neighbor Practice greetings and personal details with other students. Music Videos Watch and discuss French music videos. Name Game Learn all of the students names. Quotations Discuss quotations by famous Francophones. Repetitions Have students repeat a list of vocabulary.