Variable Cost
Name at least 3 inputs of variable cost.
hourly wages, benefits, direct hire fees, payroll taxes, and supplies.
Give at least 3 examples for FC Managed accounts?
•Salaries and Bonuses
•Recruiting & Training
•Relocation
•Other Employee Benefits
•Travel & Entertainment
•Equipment
•Janitorial
•Recycling
•Security
•Utilities
•Parts Repairs and Maintenance
•Outside Services
True.
What is your VCPU if you've had total variable cost of 1.43M and 985,623 Outbound units?
$1.45 (which is kinda bad)
What school did Tanner graduate from?
THE Ohio State?
What makes up 98% of variable cost?
hourly wage and benefits.
Give at least 3 examples of Non FC Managed Accounts.
•Depreciation
•Building Rent and Opex
•Insurance
•Infrastructure Expense
•Taxes & Licenses
•Telecom & Data Charges
•Other Administrative Expenses
True or False: Fixed Cost makes up a majority of cost in a Fulfillment Center?
False.
Name 2 items in your FC that could be depreciated.
Laptops
Pit Equipment ( if bought not rented)
Televisions
Flex conveyance
Del's Lie from Two Truths and a Lie.
What is 2019 having the highest number of order from Amazon at my site?
What does VCPU stands for? What is the equation for VCPU?
Variable Cost Per Unit. Total Variable Cost / Outbound Units
What team is in charge of centralizing the MEC process?
FACT!
True or False: We do OP Planning at least 3 times a year?
False. OP Planning is completed prior to the beginning of the year.
Binders, paper, hand sanitizer are included in what kind of cost?
Variable.
What year and where was Amazon founded?
July 5, 1994, Bellevue, WA
What percentage of total cost for Sortable and Nonsortble FC's make up Variable Cost?
70%
What makes up the biggest portion of Fixed Cost? What is that percentage?
Depreciation. 30%.
False: R&O are completed to work in the most current knowlege of the financial positon.
True or False: Amazon's current logo was designed to depict a smile that goes from A to Z?
True! This signifies that the company is willing to deliver everything to everyone, anywhere in the world.
Name 3 Popular Items sold during 2019 Black Friday and Cyber Monday. Bonus points if you can name 2 non amazon products.
Echo Dot, Roomba, Fire TV Stick, Amazon Smart Plug, Insta Pot, Keurig Classic Coffee Maker, Furbo Dog Camera, 23 & Me, LOL Surprise,
Name at leastt 3 things you can do to help drive variable cost.
-- learn from the business, utilize what you learn to push for performance
-- encourage the use of data amongst your team to fully understand change impacts and trends
-- chase the benchmark
-- push Ops to nail the plan
Name at least 3 things you can do to help drive fixed cost.
-- ask questions!!! always re-think if what you are doing at the building is the right thing to do.
-- review all capital request
--understand biggest drivers to business and figure out a way to attack common issues (RME)
-- make sure services align with building needs (Janitorial services during peak)
-- consider in house things we could do that we are out sourcing-- ask other sites how they drive an maintain cost
False: While some of that still exists, central teams own the majority of these functions.
What was amazon Stock Price 10 years ago?
Anything between 184 (high of the year) and 108 (low of the year).
Name at least 3 pillars of the Amazon Fly Wheel
Lower Cost Structure
Lower Prices
Selection
Sellers Customer Experience
Traffic
Infrastructure Investment
Improved Efficiency
Faster, more reliable delivery