Assessment 3
1. Read the scenario information provided under Australian Hardware- your brief in Appendix
I have gone through this scenario that has been given in Appendix 1 for the current assignment.
2. Review Company’s organizational chart to build an understanding of the business’s reporting and command structure.
The organizational chart of Australian Hardware involves store managers, technicians, hardware products service attendants and other managers. In this regard, the store manager is said to be the owner of the store who is also responsible to accomplish the role of the operations manager at the store.
3. Analyze information provided about each of the decision options facing Australian Hardware in Appendix 2.
The first and prior option is to do nothing as this would help to maintain the reputation as an excellent provider of quality hardware products. The second option is lessen the price of the
…show more content…
Review risk management and business impact analysis information in Appendix 3.
The four kinds of risks have been identified by the team in which the most vulnerable risk would be the complaints of customers and the least dangerous risk would be the sudden emergence of a new competitor.
5. Analyze the city of Melbourne demographic information.
The whole population of the city is predicted to get increased at the pace of 3.2% annually in the coming 16 years. It is assumed that more than 122,000 people resided in the municipality in the tear 2014.
6. Analysis of the viability of options 2 and 3
While making comparison between the course of action number 2 and 3, I would suggest the team to take action number 3 to reduce the prices of the products. This would help to attain huge traffic and overcome the problem of declining profits.
7. Results of additional analysis processes undertaken in this assessment in the Report
Completed.
8. Complete part 3 of the decision analysis report
Completed
9. Review of Australian hardware simulated business
For the month of December, our expected demand is 377 units of Double Team (Fries and Nuggets with Drinks). 377 orders would need 28,297.08grams of fries and 18,864.72grams of nuggets; in cooking this, it will consume 12,563.90ml of oil; to make the juice, 4,716.18grams of powdered juice and 6,036.71ounces of water is needed; and 377 cups and 377 straws because 1 unit of Double Team needs 125g of Fries, 50g of Nuggets, 33.3ml of Oil, 12.5g of juice powder, and 16oz of water, 1 straw and 1 cup. In order to meet this demand for the month of September, we must be able to sell at least 16 orders of Double Team per
Assignment Front Sheet Learner name Learner ID Card Number Mohamed NizamAssessor Name Date Issued Date due Submitted on 4 April 2017 Task 1 and 2: 29 April 2017 Qualification Unit number and title MAPS Associate’s Degree in BM/HRM/Accounting/Marketing Management BTEC HND in Business (Management/HR/Accounting/Marketing) Unit 20 - Sales Planning and Operations Assignment Title Task 1: Sales Plan Task 2: Importance of Sales Function Task 3: Sales Presentation of (selected product)
To look into the main events and trends from the marketing environment, which are likely to impact the market over the next few years I am going to do various analysis. I am going to research the macro and microenvironments. A STEP analysis will be conducted to look at the macro environment, which includes social-cultural, technological, economical and political factors. For the microenvironment factors competitors, suppliers, customers and stakeholders will be looked at. A SWOT analysis will then be carried out. Strengths and Weaknesses will look at the internal issues and the Opportunities and Threats will look at the external issues. Then I will be looking at the strategic options available for the business.
Capital requirements to set up an assembly line to produce PC's are also relatively low, estimated at roughly a million dollars (Rivkin & Porter,1999 pg. 5) which means that virtually any firm can enter the market easily. Despite sky rocketing demands for PC's, PC producers are unable to capitalize due to increasing number of competitors. The PC industry is also affected by environmental turbulence due to price fluctuations of its components. Constant innovation in PC technology causes older components to be rendered obsolete and prices of older versions to plummet. PC producers who are stuck with inventory of obsolete products incur high costs of dumping these components.
The sales director proposed that if the firm were to reduce the price of Item 345 to FF15.00/m, they would be able to increase sales to 175,000 units (or 25% of industry volume). But if they were to keep the price at the current value of FF20.00/m, they would be able to sell not less than 75,000 units (or 11% of industry volume).
Fourth problem- Demographic data on the two stores, Cotati, and Santa Rosa are closely related. A decision needs to be made on which store to purchase, or to purchase both stores. Can Oliver Market make a profit with these stores is the question. Also Steve and Tom need to think about their competitor best and weak strategy and who are entering in the demographic markets as well as which rivals are strong candidates to expand their product offering and enter new product segments where they do not currently have a presence.
The outcome of the project was perhaps not the outcome the sponsor might have wished for as it had been undertaken from a business point of view and not the more technical computing angle he may have hoped for. This was due to the fact that the author was not on the computing pathway for the degree qualification. The outline of the problem was to investigate the purpose of the Microsoft.
Investigation of these patterns will encourage Spencer’s supervisors to figure out the influence of different contenders on the business. The data which is gathered by these administrators will be utilized to gauge the interest for future and arrangement approaches to increase game changer in the business. The principle issue that is to be considered is that the lower level supervisors must send precise reports about the store so that provincial chiefs
Signode Industries Inc. - Providing Packaging Solutions Executive Summary SIGNODE INDUSTRY: DILEMMA AT HAND: Mr. Gary Reed, President of Signode Industries packaging division, is in a dilemma as what he should be his course of action to meet the 6.8% increase in price of cold rolled steel- the raw material used in manufacture of Signode’s primary product, steel strapping. There are few options given in the case: Increase Signode’s strapping prices to offset the increased price of cold – rolled steel. Maintain Signode’s current book prices as increasing prices would affect sales force morale. Introduce price-flex model as proposed by Jack Davis i.e. a kind of selective discounting or premium charging for customized services. Recommendations Reason: (All data in accordance to 1983) In accordance to Exhibit 1: Sales of Packaging Division of the company = $285,950 In accordance to Table A: Sales of Apex = 33.3% of $285,950 Sales of BBM = 26.8% of $285,950 Sales of HDM = 33.4% of $285,950 Sales of Customized Products = 6.5% of $285,950 In accordance to Exhibit 4: Similarly, For Apex: As it has a capacity utilization of 71% now, Suppose a sale is $100. Then contribution is $39.15 Therefore variable cost is $60.85. Now if we increase the capacity utilization to 100%, Sales becomes $ 141 since production increases by [(100-71)/71] * 100 = 41% Variable Cost = 141% of 60.85 = $85.8 Fixed Cost = 69.38% * 12.3 = $8.53 Total Cost = 85.8+8.53 = $94.33 EBIT = Sales – Variable cost – Fixed Cost = $46.67 % of EBIT = [(46.67/141) * 100] = 33.09% Suppose the company sales 100x units, the total cost was 69.38. Thus per unit cost was .6938. Now the company sells 141x units, the total cost...
According to Magner (2014), the Australian Hardware retail market is rather competitive with nearly 56.3% of its revenue being generated from the top 4 players. Bunning’s has a significant influence over the market and is the industry’s largest player. Masters Stores has employed rapid expansion to challenge this. A sure way for Masters Stores to triumph over Bunning’s is to provide a greater consumer value and satisfaction. Hence, they must do more than adapt to consumer needs. They must also gain a strategic advantage by positioning their offering strongly against what their competitors can offer (Kotler, Armstrong, Agnihotri and Haque, 2010)
Referring to current issue Computron is bidding $622,400 to sell its 1000x digital computer to Konig, which is 43% higher than least bid. A new manufacturing plant in Frankurt plant might have to sit idle for a couple of months if Computron couldn't win bid. Also Computron 1000X is purpose-built computer while Konig needs machine with less accuracy and flexibility.
Finally, I have suggested some recommendations for the issues that I have mentioned above. In reference to the first issue, it will be profitable for the company to change to level monthly production.
This report contains dividing the key processes of Woolworths Supermarkets division and identifying and measuring and prioritizing the key risks to each process of the business. As a retailer Woolworths key process were identified as purchase and selling and distribution. Each risked faced by the organization at each phase of operations has been defined and suitable measures to mitigate those risks has been suggested under the heading “Response”. Risks with high Impact has been given priority in the listing and the compliance or the standards that is to follow in response is specified under the Benchmark Column against the risks.
Identify the potential risks which affect the company and manage these risks within its risk appetite;
During the last few years, Harry Davis Industries has been too constrained by the high cost of capital to make many capital investments. Recently, though, capital costs have been declining, and the company has decided to look seriously at a major expansion program that had been proposed by the marketing department. Assume that you are an assistant to Leigh Jones, the financial vice president. Your first task is to estimate Harry Davis’s cost of capital. Jones has provided you with the following data, which she believes may be relevant to your task.