Author: Liqi Peng

During the First week interning in Semco Plastic, I did a few projects and watched several board meetings.

The projects I did included some excel work, reading several documents, and some regular office work. One of the most important things I have learned from these projects is the standard cost system for a plastic molding company like this. I learned how they use those special formulas that they created to set a profitable, but still reasonable price to compete in the market.

For this week, I will probable do more projects with excel and read more documents to learn how they manage the company to succeed.

It has been a pretty cool week so far. I had a comprehensive tour of the factory on Tuesday. One of the employees there, Ronnie, taught me all the basic things about the company expense and how they set a price for certain project. On Wednesday, Mr. Conway, the CFO of the company, invited me to watch a meeting that they have every morning which is about the OEE of the factory on the previous day. It was a pretty long and elaborate conference. They talked about all the details of the issues and the potential solutions for them.

For my senior project, I will be interning in a various number of companies. I will be shadowing in Mr. Hannon’s company, Mr. Volkel’s company, and Mr. Levinson’s company. Both Mr. Hannon’s and Mr. Volkel’s companies are high-tech manufacturing company. And Mr. Levinson’s company is about fashion design. I will try to learn about the financial structure and marketing strategies of these companies.