Impact Of Market Structures An Insight On Tiffany Co...

The Impact of Market Structures – An insight on Tiffany Co. In 1837, a man named Charles Lewis Tiffany founded the company Tiffany, but it was not until 1853 when the same man decided to rename the company Tiffany Co. and make the switch from being a company that sold stationary objects, to a company that focused on the creation and distribution of luxury jewelry (Agrawal). Since the reconfiguration of the company, and over 150 years later, Tiffany Co. has transformed from a regular retailor like the well-known Macys, JcPenney’s and Kohl’s, which all offer jewelry for sale, to a distinguished brand that is the leader of the specialty jewelry industry (Tiffany). The quest to becoming such an iconic brand, can be linked to the market structure in which Tiffany Co. encompasses and how the company surpassed its competitors, maneuvered through the entry barriers, established market power and differentiated its standardized products to its consumers. However, befor e analyzing the market structure in which they reside one must understand all of the market structures. There are five market structures in economics and they are perfect competition, monopolistic competition, oligopolies, duopolies and monopolies. To determine the market structure of a firm, one must look at the industry and then evaluate the different characteristics - the main characteristics are the number of firms within the industry, the barriers to entry, how much market power the company has and whatShow MoreRelatedTiffany and Co. Birac Analysis3306 Words   |  14 PagesTiffany Co. BIRAC Analysis Tiffany Co. BIRAC Analysis Aneisha Thurman University of Phoenix MBA 570- Sustainable Customer Relationships December 1, 2008 Introduction The BIRAC Analysis on Tiffany’s Co., a premier jeweler and specialty retailer with corporate headquarters in New York, New York will be used to identify potential strategic marketing alternatives. Although, Tiffany Co. has had much success and continues to grow, this BIRAC will provide newRead MoreBrand Building Blocks96400 Words   |  386 Pagesdirectly affects the motivation to build brands. The second reason, the proliferation of competitors, reduces the positioning options available and makes implementation less effective. The third and fourth reasons, the fragmentation in media and markets and the involvement of multiple brands and products, describe the context of building brands today, a context that involves a growing level of complexity. The remaining reasons reflect internal pressures that inhibit brand building. The fifthRead MoreA Review and a Conceptual Framework of Prestige-Seeking Consumer Behavior9366 Words   |  38 Pagesprestige brands2. Yet, little is known about how to best market and monitor prestige brands. Research in the UK by the market research firm Applied Futures anticipated important social changes as the year 2000 nears (Powderly and MacNulty 1990). Their research identified that people s needs for appearances and materialism were increasing. That is, they recognized an increasing demand for conspicuous and status products. In Australia recent market reports seem to support this prediction. The Sunday TelegraphRead MoreBranding in Clothing Industry22425 Words   |  90 PagesChapter 1: Introduction 1.1 The importance of brand image on fashion clothing 1.2 Background information of China and the UK clothing markets 1.2.1 China clothing market 1.2.1.1 Chinese spending habits 1.2.1.2 Impediments to China’s clothing brand development 1.2.2 UK clothing market 1.2.2.1 British spending habits 1.2.2.2 Characteristics of the UK clothing market 1.3 Theoretical framework 1.4 Objectives of the dissertation 1.5 Outline of the dissertation 1 1 2 2 3 4 5 5 6 7 7 8 Chapter 2:Read MoreInvestment and Economic Moats46074 Words   |  185 Pagesfrom the very best in investment advice today. Books in the Little Book Big Profits series include: The Little Book That Beats the Market, where Joel Greenblatt, founder and managing partner at Gotham Capital, reveals a â€Å"magic formula† that is easy to use and makes buying good companies at bargain prices automatic, enabling you to successfully beat the market and professional managers by a wide margin. The Little Book of Value Investing, where Christopher Browne, managing director of TweedyRead MoreThe Importance of Considering Philosophical and Psychological Foundations in Developing a Curriculum.9983 Words   |  40 Pagesencouragement of developing creative thinking.   â€Å"The purpose of education in Malaysia is to enable Malaysian society to have a command of the knowledge, skills, and values necessary in a world that is highly competitive and globalised, arising from the impact of rapid development in science, technology, and information†. Preamble to the Education Act (1996). So, I would like to take this topic, the importance of considering philosophical and psychological foundations in developing a curriculum by puttingRead MoreMarketing Management130471 Words   |  522 PagesMarketing Management UNIT -- I Unit No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Unit Title Marketing management – an introduction Marketing environment Marketing with other functional areas of management Market segmentation Market targeting and positioning Product management Brand management Pricing Channel design and management Retailing and Wholesaling Integrated Marketing Communication Advertising management Sales promotion Personal selling Public relations UnderstandingRead MoreApple Strategic Analysis10312 Words   |  42 Pagesmanufacturing to trusted original equipment manufacturers. Yet, despite the advantages Apple has created for itself, the stiff competition within the industry and other external factors present formidable challenges to the firm. The personal computer/notebook market is becoming increasingly commoditized, leading to intense rivalry among competitors within the industry, driving prices down and creating potentially destructive price wars. Uti lizing key resources and capabilities including industry-leading designRead Moredavid berman5827 Words   |  24 Pagespartner, Durban Capital L.P., explaining his investment strategy in retail stocks April 11th, 2005 David Berman reviewed the macroeconomic numbers on inventory turns as he prepared for his regular appearance on CNBC’s â€Å"Squawk Box† as a morning co-host. A leading expert on â€Å"consumer related† stocks, Berman and his colleagues including portfolio manager Steve Kernkraut, a seasoned retail executive and analyst, were frequent contributors to various TV shows. On April 4th 2005, Fortune magazineRead MoreManagement Control Systems Pdf115000 Words   |  460 PagesControl Systems, Decentralization and Design of Control Systems, Organizational Slack and Design of Control Systems, Stakeholder Controls and Design of Control Systems, Communication Structures and Control Process – Establishing a Customer-Focussed Total Quality Culture: Implementing Total Quality Management – Impact of Information Technology on Control Systems Design: Providing Information for Operational and Strategic Decision Making Chapter 4: Key Success Variables as Control Ind icators: Concept

How The Harlem Renaissance Shaped Literature - 1596 Words

Marie Eggly 12/9/2014 ENG 320 Hoeppner How the Harlem Renaissance Shaped Literature The Harlem Renaissance was a revolutionary time for African Americans in the Twentieth Century. It lasted from around 1918 until 1937 and is described as â€Å"the nation’s first self-conscious black literary and artistic movement† (Tindall 804), but the ideas cultivated within those years are still relevant in today’s society. In New York the city of Harlem had a rapidly growing population of African Americans due to the Great Migration and it was also the destination for immigrants from other areas of the United States. Once people began hearing about the Harlem Renaissance even more writers, photographers, musicians, and scholars moved to the area. Due to the large population of African Americans here, a sense of common identity and cultural expression were apparent and this led to the embracing of their own culture separate from what white people had defined it as. A path was laid out for new African American lite rature and had a huge impact on all of the black literature to follow. The early stages of the Harlem Renaissance took off due to several plays, poems, and a newspaper. Three Plays for a Negro Theatre was written by Ridgely Torrence, a white playwright, and his play showed African American actors expressing complex yearnings and emotions instead of the usual stereotypes of blackface and minstrel shows. Then in 1917 Hubert Harrison created The Voice, a newspaper that focused onShow MoreRelatedThe Harlem Renaissance Movement By Zora Neale Hurston, Langston Hughes, And Ralph Waldo Ellison931 Words   |  4 PagesKnown as one the most impactful movements on African American arts, the Harlem Renaissance Movement represented a period of artistic and intellectual change that initiated a new identity on black culture. Often called the â€Å"New Negro† Era, the Harlem Renaissance opened doors for African American to express themselves in the form of visual arts, musical elements, and even performing arts during the 1920s. Due to this movement, Harlem became the city that â€Å"gave African Americans a physical cultural centerRead MoreLangston Hughes : The Face Of Harlem Literacy1147 Words   |  5 Pages The Face of Harlem Literacy James Mercer Hughes, most commonly known as Langston Hughes, was a notorious writer during the Harlem Renaissance period. The Harlem Renaissance is considered a cultural explosion of African American cultures during the 1920’s. Hughes was an important figure and supporter during the Harlem Renaissance era. Through Hughes literature and activism during the 1920’s he created a positive change within the black community. The Harlem Renaissance coincided with theRead MoreImpact Of Langston Hughess Contribution To Harlem Renaissance1697 Words   |  7 PagesLangston Hughes contribution to Harlem Renaissance Harlem was founded back in the 17th century as a Dutch outpost. Harlem adjoins New York City and host a large population of the African American Community. The blacks found New York City to be more accommodative to their culture and ideologies, during the great migration of the early 1900s, Harlem became the major destination and it became home to many African Americans. [1] Harlem received over time, Harlem developed from a farming village to becomeRead More`` Walls Of Jericho ``999 Words   |  4 Pagesthe floor to dance I am lost in a sea of white faces†¦Time was when white people went to Negro cabarets to see how Negroes acted; now Negroes go to these same cabarets to see how white people act.† African-American physician, radiologist, musician and novelist Rudolph Fisher was coupled with the Harlem Renaissance, whose fiction credibly illustrated black urban life, particularly in Harlem. In his first novel, Walls of Jericho, Fisher humorously and satirically presented a hopeful vision that AfricanRead MoreThe Harlem Renaissance Of The 1920s1557 Words   |  7 Pagespeople, we decide what hue is intriguing, how it makes us feel, and unfortunately how it makes us different. We are calmed by the blueness of water, and we are awakened by the yellowness of the sun. It was not until the evil intentions of slavery crossed mankind’s thoughts that hue became our downfall, our separator. White supremacy eroded the idea of equality, and darker hues began to symbolize worthlessness, inferiority, and ugliness. The Harlem Renaissance of the 1920s evoked the idea of black consciousnessRead MoreBlack And Blues - Langston Hughes1623 Words   |  7 PagesKelsee Robinson Mrs. Fiene English 12 14 March 2017 Black and Blues – Langston Hughes The Harlem Renaissance was a time in history when the African American culture had one of its most influential movements by using creativity and the arts (Hutchinson 1). This movement took place between 1918 and 1937 and was shaped by both African American men and women through writing, theatre, visual arts, and music. The purpose of this movement was to change the white stereotypes that were associated withRead MoreThe Harlem Renaissance : An Important Piece Of History For America1473 Words   |  6 PagesThe Harlem Renaissance, originally called the New Negro Movement, was a movement that shook the 1920’s in the United States of America. The Harlem Renaissance spanned between the years of 1918 all the way to the mid 1930’s. This movement was a movement of the arts. It has been said that this time period was a rebirth to the African American arts. The Harlem Renaissance is an extremely important piece of history for America. The Harlem Renaissance took place soon after the â€Å"Great Migration.†At thisRead MoreThe Poetry Of Langston Hughes1727 Words   |  7 PagesLangston Hughes is arguably one of the best known American writers of the twentieth century. He played an important influential part in the Harlem Renaissance, his poetry and other literary works helped pave way to a new wave of African American culture and literature. Hughes had a wide variety of works, he was much more than just a poet; he was a short-story writer, novelist, and playwright (Brucker). He was also very involved in the Black Arts Movement, and had works published in â€Å"The Crisis† theRead MoreAnalysis Of Langston Hughes And His Harlem Dream1639 Words   |  7 Pagesand His Harlem Dream The 1900s found many African Americans migrating from the south to north of the United States in an event called the Great Migration. Many Southern African-Americans migrated to a place called Harlem and this is where the Harlem renaissance originated from. The Harlem renaissance began just after the first world war and lasted into the early years of the great depression. Harlem became the cynosure for blues and jazz and birthed forth a Negro Artist era called the Harlem RenaissanceRead MoreEssay on Modernism at Its Finest in Literature756 Words   |  4 Pagesthe twentieth century, literature changed and focused on breaking away from the typical and predicate patterns of normal literature. Poets at this time took full advantage and stretched the idea of the mind’s conscience on how the world, mind, and language interact and contradict. Many authors, such as Fitzgerald, Steinbeck, and Twain, used the pain and anguish in first hand experiences to create and depict a new type of literature, modernism. In this time era, literature and art became a larger

Downstream Petroleum Industry Free Essays

string(67) " responsibility over specific territories referred to as branches\." Downstream – From Refinery to Customer The downstream sector encompasses the refining, storage, distribution and marketing of petroleum products: †¢Refining Process: Crude oil is processed and refined into more useful products; †¢Storage: The products from the refining process are stored at depots via pipeline, land (trucks rail) and sea (barge/vessel). These storage facilities are also called tank farms or terminals †¢Distribution and Marketing: Petroleum products are distributed from storage locations to the end-user directly or through retail outlets The major products produced by a refinery are, Kerosene, Premium Motor Spirit (â€Å"PMS† – Gasoline), Automotive Gas Oil (Diesel), Fuel Oils, Liquefied Petroleum Gas (LPG), Lubricating Oils, Naphtha and Tar Figure 1. – Schematic Representation of the Downstream Business ? The Nigerian Downstream Sector The Federal Government of Nigeria (â€Å"FGN†) participates in the activities of the oil industry (upstream and downstream) as well as actively supervising it due to its strategic importance to the economy. We will write a custom essay sample on Downstream Petroleum Industry or any similar topic only for you Order Now In the downstream industry, FGN regulates and participates through the following agencies / bodies: Nigerian National Petroleum Corporation (â€Å"NNPC†) –NNPC has powers and operational interest in refining, petrochemicals, product transportation and marketing. NNPC has nine wholly-owned subsidiaries, two partly owned subsidiaries and nineteen associated companies that manage the upstream and downstream activities. Those relevant to the downstream business are the Pipeline Products Marketing Company (â€Å"PPMC), Kaduna Refining Petrochemicals Company Limited (â€Å"KRPC†), Warri Refining Petrochemicals Limited (â€Å"WRPC†) and Port Harcourt Refining Petrochemicals Limited. Department of Petroleum Resources (â€Å"DPR†) – DPR is an arm of the Federal Ministry of Petroleum Resources and has responsibilities for the following: †¢Issuing of permits and licenses for all activities connected with petroleum exploration, production, refining, storage, marketing, transportation and distribution; Acting as an agency for the enforcement of the provisions of the petroleum Act, NNPC Art or any other enactment. Petroleum Products Pricing Regulatory Agency (PPPRA) – The PPPRA came to being from a Special Committee that was set up to review Petroleum Products Supply and Distribution (SCRPPSD) drawn from various stakeholders and other interest groups to look into t he problems of the downstream petroleum sector. The functions of PPPA are: †¢To determine the pricing policy of petroleum products; To regulate the supply and distribution of petroleum products †¢To create an information databank through liaison with all relevant agencies to facilitate the making of informed and realistic decisions on pricing policies †¢To moderate volatilities in petroleum products prices, while ensuring reasonable returns to operators †¢To establish parameters and codes of conduct for all operators in the downstream sector. Petroleum Equalisation Fund (PEF) – The PEF fund board was established to equalize the transport cost arising from the distribution of petroleum products to all parts of the country i. . the cost of transporting products from source to point of sales. This is to ensure that petroleum products are made available in all retail outlets at uniform prices in Nigeria, and to avoid shortage of petroleum products. Petroleum S ubsidy Fund (PSF) – is a pool of funds budgeted by FGN to stabilise the domestic prices of petroleum products against the volatility in international crude and products prices. CBN is the custodian of the fund, while PPPRA administers it. Claims from / payment into the fund is subjected to duly verified volume of products lifted out of the approved depot and sold in-line with recommended open market prices. ? Marketing Companies The Nigerian downstream industry is comprised of two groups of marketing companies: Major Marketers – The companies in this group include AP Plc, Conoil Plc, Mobil Oil Plc, OANDO Plc, Total Nigeria Plc and Chevron Oil Nigeria Plc and accounted for 71% of total petroleum products sold. They belong to trade association called Major Oil Marketers Association of Nigeria (MOMAN). Independent Marketers – The Independent marketers, comprises largely indigenous petroleum marketing companies. The FGN introduced the Independent Marketing Scheme in 1978 because of petroleum products shortage of the 1970s and the lack of sufficient investment by major marketing companies in the rural areas. This led to the establishment of the Independent Marketers Association of Nigeria (IPMAN) in 1982. Membership is open to every independent marketer duly licensed and authorised to operate by the NNPC or other appropriate organisation in charge of this function. The trade group of these companies is referred to as the independent Marketers Association of Nigeria (IPMAN). Examples of Independent marketers are Zenon Petroleum, Capital Oil Gas and Ascon Oil Gas. OANDO Marketing Limited (â€Å"OML†) Oando Marketing Limited one of the companies within the Oando Plc group, is a leading oil and gas marketing company with over 500 retail outlets and a commercial clientele base that cuts across all industry sectors such as manufacturing, construction, oil gas and telecommunications in Nigeria and the West Africa sub region. OML has been in the business of marketing and supply of petroleum products since 1956. OML markets a wide range of products including Premium Motor Spirit (PMS), Automotive Gas Oil (AGO also known as Diesel), Dual Purpose Kerosene (DPK), Aviation Turbine Kerosene(ATK), Low Pour Fuel Oil (LPFO), Lubricating Oils and Greases, Insecticides, Bitumen, Chemicals, Liquefied Petroleum Gas (LPG, also known as Cooking gas) and Oando insecticide Products and Uses AGO – fuel for some vehicles and marine vessels as well as for powering generators; PMS – fuel for most vehicles; DPK – fuel for cooking stove and used as a solvent to produce specialized products for road construction; ATK – fuel for aircraft; LPFO – fuel for power generation and for heating; Lubricants – lubricating oil for vehicles and equipments; Bitumen – used in the construction industry for paving roads; LPG – used as cooking and heating gas. Departments The departments in OML can be classified under the following: Core – Retail, Commercial, Marketing, Operations Logistics and Engineering Terminal. Support – Finance, Corporate Services (HR, HCM, Legal and Procurement Services), ICA, EHSQ, Service Standards and Corporate Marketing Communications. ? Retail Business Management and sales of Oando products to customers via sales outlets (over 500) nationwide is the function of the retail department. The sales focus is centred on the Total White Products (PMS, AGO and HHK), while Lubricants, Liquefied Petroleum Gas (LPG) and Insecticide sales provide a diversified revenue source for the team. Structure Sales is managed by Branch Managers located across the country, with each having responsibility over specific territories referred to as branches. You read "Downstream Petroleum Industry" in category "Essay examples" Their activities are coordinated by Branch Coordination Managers and the department is led by the Chief Sales Officer – Retail, with overall responsibility for all activities. Retail Outlets †¢Company Owned Service Station (â€Å"COSS†) – The stations under this category are owned by OML and dealers are appointed to operate the stations on OML’s behalf. †¢Third Party Owned – These are outlets owned by third parties, which carry OML’s colour and brand. OML’s main responsibility is to supply these outlets with petroleum products and on their part the owners of the outlets agree to operate in accordance to standards agreed by both parties. There are two types of third party outlets: oGallonage – The stations and equipment under this category are fully owned by the third parties, while OML brands the outlets and supply products to it. oLoan Delivery and Equipment (â€Å"LDE†) – Here, OML provides equipments such as pumps, generators and canopies, as well as branding and supply of products. The retail outlets also serve as business opportunities via Non-Fuel Revenue (NFR) activities (such as Quick Service Restaurants) that maximize the returns on shareholders investments, improve asset utilisation and maximize our medium-long term capital gains. Commercial Department The core function of the commercial department is the sale of products (AGO, PMS, DPK, ATK, LPFO, Lubricants, Bitumen and LPG) to large volume end users hinged on effective relationship management. Sales are usually made in bulk to clients most often on pre-determined trade terms basis. Structure Sales is managed by Branch Managers located across the country, with each having responsibility over specific territories referred to as branches. Their activities are coordinated by Commercial Service Managers, based in the head office in Lagos. The department is led by the Chief Sales Officer, with overall responsibility for the activities above as well as for the below-mentioned specialized units: †¢Marine Unit – sale of petroleum products to (and management of relationship) upstream oil gas companies as well as their service providers; Aviation Unit – sale of ATK and management of relationship with airlines. Services The commercial department offer a arrange of services in conjunction to the products it markets as it realized that customers want much more than just the products. Examples of such services include: Vendor Managed Inventory (â€Å"VMI†) Scheme – The Oando In-Support scheme (our in-house model of the VMI) is a means of opti mizing customers supply chain, whereby Oando becomes responsible for maintaining the inventory level of petroleum products at its customers’ location. The major benefit of this to the customer is that it can focus on its core function while Oando manages petroleum products inventory. For Oando, the VMI scheme allows it to secure Oando Sea Station – This is a Ship-to-Shore and Shore-to-Ship service station that provides fuels and lubricants for shipping companies, marine logistics companies operating in the Niger-Delta coastline as well as energy services organizations providing support to the upstream exploration and production companies operating in deep water coastal shores of Nigeria. Supply Contract – This service allows customers the opportunity to enjoy a fairly stable price regime at a committed volume over a period of time. It is a modified form of In-support suitable for customers whose operations cannot permit full inventory take over. Marketing The core function of the marketing department is to initiate business deals and provide platforms to enable the sales departments (retail commercial) effectively achieve their goals and objectives. Structure The department is led by the Head, Marketing with overall responsibility for the following units: Lubricants Unit: The Lubricants unit is responsible for marketing Oando’s lubricants by creating product awareness through marketing promotions and supporting sales drive of lubricants in line with Oando’s goals and objectives. The unit also develops a high calibre technical sales support function while ensuring product quality assurance, cost management and service delivery to customers. A core responsibility of this unit is constantly identifying and initiating new/additional product lines for various target consumer markets. LPG Unit: – The LPG Unit is primarily aimed at sourcing for product, providing support and devising innovative selling methods to the sales team to ensure they meet their volume and margin targets as well as satisfying their customers’ needs. The team also provides the sales team with market intelligence to ensure that they strategically positioned to make sales. The unit, in addition, serves as an interface between the sales team and other support units within the organization i. e. Logistics, CCU, Engineering and EHSQ. Non-Fuel Revenue (NFR) Unit: – The Non-Fuels Revenue (NFR) unit is a strategic initiative developed to complement the shrinking margins on sales of fuel products and tap into the emerging opportunities of Non-fuel business from Retail outlets. Non-fuel offerings in retail outlets can also serve as a customer pull to increase fuel sales. Some NFR offerings include: Quick Service Restaurants (â€Å"QSR†), Automatic Teller Machines, Rent contribution from dormant assets (warehouses and offices), Income from Telecom Mast sites, revamp and increase lube bay rentals lubes contribution to stations and car wash operation. Bulk Products Unit – The Bulk unit is responsible for developing and executing marketing plans to support the sales team in achieving their objectives in the sales of Bitumen and LPFO. The unit provides useful information about the construction sector of the economy, market trends, competitors’ activities and consumer preferences that helps in taking business decisions. It also provides back-end support for improving the quality of service delivery in our Vendor Managed Inventory (VMI) concept. ? Operations Logistics Department The Operations Logistics (â€Å"OL†) department is primarily responsible for product sourcing and distribution to customers. OL is also responsible for product storage via warehouses and LPG Plants, and Lubricants blending via the Kaduna Lubricants Plant (â€Å"KLP†). Management of products at the terminals is handled by Engineering Terminals department. Structure The department is structured into four units, each with a head responsible for activities in the unit. Overall departmental responsibility is with the General Manager, Operations Logistics. Logistics oInbound – supply planning and product receipt; oTrade Procurement Products – product sourcing; oOutbound – handles product received from NNPC depots; oFleet – Management of relationship with transporters. †¢Customer Care Unit oScheduling – handle delivery request and schedule the trucks; oDispatch – prepare the trucks for trips; oFleet – work with the tran sporters; oCall Center – handle inquiries and complaints. †¢Warehouse LPG Plant oWarehouse – storage locations for Lubricants and Oando Insecticide before final distribution to customers. Lubricants are received at the warehouses from KLP, while with Oando Insecticide (currently being imported), product is received into Apapa for distribution other warehouses. Currently, OML has 14 warehouses across the county. oLPG Filing Plants – storage locations for LPG. Currently OML has 7 plants across the country. †¢Kaduna Lube Plant – consists of two blending plants both located in Kaduna with combined capacity of 55 million litres per annum producing various range of lubricant products for commercial and retail customers. Terminals Engineering Department The Engineering Terminals department is responsible for managing infrastructural assets across board inclusive of the operations at storage terminals. Structure There are two main units: †¢Terminals – are storage locations (exclusive of warehouses and LPG Plants) where products are received, stored and eventually distributed. The following are the terminals owned by OML: oApapa Terminal 1; oApapa Terminal 2; oApapa Joint Venture (with Total Nigeria Plc); oOnne Terminal, Port Harcourt; oPort Harcourt Terminal. Each of these locations is headed by a Terminal Manager TM who reports to the Head of Terminals Engineering. OML also stores product at third party locations such as Lister. Currently, Oando Terminals has capacity for holding various products as follows: oPMS – 80 Million Litres; oAGO – 33 Million Litres; oLPFO – 5. 67 Million Litres; oHHK – 5 Million Litres; oBitumen – 10,000 Metric Tonnes. †¢Engineering – execution of capital projects and maintenance of equipments and facilities. The activities in this unit are grouped as shown below: oProject – oversees capital projects less than N100M oRetail Network Maintenance – oversees maintenance and deployment of retail outlet equipment Retail Facility Maintenance – oversees maintenance of retail outlet infrastructure oTerminal Depot Maintenance – oversees maintenance of facilities and equipments at terminals and depots Support Departments Environment, Health, Safety, Security and Quality Assurance (â€Å"EHSSQ†) – reduce operational and accident cost, elimin ate down time, ensure total compliance with regulatory and statutory requirements, deliver world class quality products and services to enhance customer satisfaction, while guarantying sustainable development in line with the Oando vision. Internal Control Audit (â€Å"ICA†) – safeguarding OML’s assets, ensuring operational efficiency, ensuring compliance with applicable laws and regulations and ensuring the accuracy and reliability of financial reporting. Service Standards – ensures and monitors service standards across various locations. Finance – provide OML with financial support for business and operational planning. OML Finance (head office) is divided into three main units namely: oTreasury; oManagement Information System; Financial Control. Corporate Services – supports OML business via the following services: oLegal – provide OML with cost-effective and efficient legal services support to and manage the inherent risks in OML’s businesses; oProcurement – assist OML in the acquisition of goods and services; oHuman Resource – provide OML with effective people management solutions. Marketing Communications – promote OML’s marketin g initiatives through strategic product promotion and sales promotion. How to cite Downstream Petroleum Industry, Essay examples

Arch of titus free essay sample

The Arch provides one of the few contemporary depictions of Temple period artifacts. [6][7] The seven-branched menorah and trumpets are clearly depicted. It became a symbol of the Jewish diaspora. In a later era, Pope Paul IV made it the place of a yearly oath of submission. Jews refuse to walk under it. [citation needed] The menorah depicted on the Arch served as the model for the menorah used on the emblem of the state of Israel. [citation needed]However, when the existence of modern State of Israel was formally declared, the entire Roman Jewish community spontaneously gathered by the arch and in joyful celebration, walked backwards under the arch to symbolize beginning of the long-awaited redemption from the Roman Exile. [8] The inscription in Roman square capitals reads: SENATVS POPVLVSQVE ·ROMANVS DIVO ·TITO ·DIVI ·VESPASIANI ·F(ILIO) VESPASIANO ·AVGVSTO (Senatus Populusque Romanus divo Tito divi Vespasiani filio Vespasiano Augusto) which means The Roman Senate and People (dedicate this) to the divine Titus Vespasianus Augustus, son of the divine Vespasian. The opposite side of the Arch of Titus received new inscriptions after it was restored during the pontificate of Pope Pius VII by Giuseppe Valadier in 1821. The restoration was intentionally made in travertine to differentiate between the original and the restored portions. The inscription reads: INSIGNE  · RELIGIONIS  · ATQVE  · ARTIS  · MONVMENTVM VETVSTATE  · FATISCENS PIVS  · SEPTIMVS  · PONTIFEX  · MAX(IMVS) NOVIS  · OPERIBVS  · PRISCVM  · EXEMPLAR  · IMITANTIBVS FVLCIRI  · SERVARIQVE  · IVSSIT ANNO  · SACRI  · PRINCIPATVS  · EIVS  · XXIIII (Insigne religionis atque artis, monumentum, vetustate fatiscens: Pius Septimus, Pontifex Maximus, novis operibus priscum exemplar imitantibus fulciri servarique iussit. Anno sacri principatus eius XXIV) (This) monument, remarkable in terms of both religion and art, had weakened from age: Pius the Seventh, Supreme Pontiff, by new works on the model of the ancient exemplar ordered it reinforced and preserved. †¢ In the year of his sacred rulership the 24th †¢ 1The Arch of Titus is a 1st-century honorific arch[1] located on the Via Sacra, Rome, just to the south-east of the Roman Forum. It was constructed in c. 82 AD by the Roman Emperor Domitian shortly after the death of his older brother Titus to commemorate Titus victories, including the Siege of Jerusalem in 70 AD. The Arch of Titus has provided the general model for many of the triumphal arches erected since the 16th century—perhaps most famously it is the inspiration for the 1806 Arc de Triomphe in Paris, France, completed in 1836. The arch is large with both fluted and unfluted columns, the latter being a result of 19th century restoration. [2] The spandrels on the upper left and right of the arch contain personifications of victory as winged women. Between the spandrels is the keystone, on which there stands a female on the East side and a male on the West side. [2] Detail of the central soffit coffers The soffit of the axial archway is deeply coffered with a relief of the apotheosis of Titus at the center. The sculptural program also includes two panel reliefs lining the passageway within the arch. Both commemorate the joint triumph celebrated by Titus and his father Vespasian in the summer of 71. The south panel depicts the spoils taken from the Temple in Jerusalem. The Golden Candelabra or Menorah is the main focus and is carved in deep relief. Other sacred objects being carried in the triumphal procession are the Gold Trumpets and the Table of Shew bread. [2] These spoils were likely originally colored gold, with the background in blue. [2] In 2012 the Arch of Titus Digital Restoration Project discovered remains of yellow ochre paint on the menorah relief. [3] The north panel depicts Titus as triumphator attended by various genii and lictors, who carry fasces. A helmeted Amazonian, Valour, leads thequadriga or four horsed chariot, which carries Titus. Winged Victory crowns him with a laurel wreath. [2] The juxtaposition is significant in that it is one of the first examples of divinities and humans being present in one scene together. This contrasts with the panels of the Ara Pacis, where humans and divinities are separated. [2] The sculpture of the outer faces of the two great piers was lost when the Arch of Titus was incorporated in medieval defensive walls. The attic of the arch was originally crowned by more statuary, perhaps of a gilded chariot. [2] The main inscription used to be ornamented by letters made of perhaps silver, gold or some other metal At the inside of the arch are two panels with reliefs. One depicts the triumphal procession with the spoils taken from the Second Temple in Jerusalem the seven-branched candelabrum or Menorah, the silver trumpets and the Table of the Shewbread. The other one shows Titus in a chariot accompanied by the goddess Victoria and the goddess Roma. The Arcus Titi, or Arch of Titus, was ostensibly erected to honor Titus and his father Vespasian because of their victories in the first Jewish War and their triumphal procession in AD 71. [1] The monument was built sometime after Titus’ death in AD 81. The arch sits at the eastern end of the Roman Forum at the intersection of the Sacra Via with a road leading up from the Coliseum. [2] No ancient sources describe or even mention the arch, a fact that leaves the history and interpretation of the arch with significant gaps. [1] The exact period of construction is unknown, with the majority opinion being that it was built during the reign of Titus’ brother, Domitian. [1] The arch may also have been constructed after Domitian had been assassinated, during the rule of Nerva and Trajan. [3] The arch was constructed of Pentelic marble on a travertine foundation. [1] The dimensions of this arch are 15. 4 meters tall, 13. 5 m. wide, and 4. 75 m. deep. The archway is 8. 3 m. high and 5. 36 m. wide. [1] Above the archway is a simple entablature with inscription, preserved only on the eastern, Coliseum side: