Reduction of accrued payables of Nestle Philippines, Incorporated to the third party logistics partners through improvement of the billing process at Rockwell, Makati City
Date
7-2014
Degree
Bachelor of Science in Industrial Engineering
College
College of Engineering and Agro-Industrial Technology (CEAT)
Adviser/Committee Chair
Diana Marie R. De Silva
Restrictions
Restricted: Not available to the general public. Access is available only after consultation with author/thesis adviser and only to those bound by the confidentiality agreement.
Abstract
Since 2001 until June 2014, Nestle Philippines Incorporated has accumulated accrued payables to third party logistic partners amounting to Php369,758,610.56 due to errors in the billing process that result to a threat to the relationship of the third party logistic partners. The accrued payables resulted from the inconsistencies in the shipment document which is the sole document for the billing transportation expenses. Two error types, trucker and vehicle type, were focused in the study as supported by Pareto Analysis. The trucker error occurred 41.33% and the vehicle type occurred 38.78% which contributed 80.115 of the inconsistencies. Each error was examined through Root cause Analysis, grouping cause factors to Man, Machine and Method and Why-Why Analysis, identifying noise, controllable and experimental factors. The controllable and experimental factors were given solutions and recommendations. If solutions were implemented, the accrued payables can be reduced to 94.47% and a reduced growth rate of 5.53% on the following year.
Language
English
Location
UPLB College of Engineering and Agro-Industrial Technology (CEAT)
Call Number
LG 993 2014 E66 /P43
Recommended Citation
Pedres, Kattlea L., "Reduction of accrued payables of Nestle Philippines, Incorporated to the third party logistics partners through improvement of the billing process at Rockwell, Makati City" (2014). Undergraduate Theses. 3831.
https://www.ukdr.uplb.edu.ph/etd-undergrad/3831
Document Type
Thesis