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what is the importance of operations management
nature and importance of operation management
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Saint-Gobain Containers
INTRODUCTION 3
BACKGROUND 3
STUNNING FIGURES 4
OPERATIONS OF THE GLASS MAKING PROCESS 5
RAW MATERIALS 5
MELTING 6
CONDITIONING 6
FORMING 7
ANNEALING 8
INSPECTION 9
PACKAGING 10
CONCLUSION 10
Introduction
Saint-Gobain Containers is one of the leading glass packaging companies for the food and beverage industry. Employing over 4,000 people and having 14 locations in North America, Saint-Gobain Containers has shown to be one of the main leaders of its industry. Ranking number one in the European market and number two worldwide, Saint-Gobain Containers has shown to have a superb base of Operations Management. Having a good chain of Operations Management usually comes from another aspect of the company which is passed on as it expands which is exactly the case with Saint-Gobain Containers.
Background
Saint-Gobain Containers comes from a large group of manufactures in like industries. The base company is simply Saint-Gobain. Saint-Gobain was created in 1665 by Colbert and built the Hall of Mirrors at the Chateau de Versailles (Saint-Gobain). This group contains many different industries; such as glass, ceramics, plastics, cast iron, reinforcements, abrasives, construction materials, pipe, and gypse. The following diagram illustrates how much of Saint-Gobain Containers production accounts for: (Saint-Gobain Containers is the packaging industry)
• BREAKDOWN OF SALES PER SECTOR IN 2005
(Provided by www.Saint-Gobain.com)
As one can see the packaging sector of this large chain of manufactures accounts for only a small portion of their broad product scope.
Stunning Figures
As a whole, Saint-Gobain is operating in over 50 countries worldwide. Saint-Gobain employs a workforce of more than 200,000 employees. This is very large when compared to the 4,000 employed by Saint-Gobain Containers. Saint-Gobain is one of the largest leading materials companies in the world and is listed on public stock markets in Paris, London, Frankfort, Zurich, Brussels, and Amsterdam. In 2005 Saint-Gobain as a whole had over 35 billion euros in sales which lead to a net income of 1.3 billion euros. Saint-Gobain Containers accounts for 11 percent of these figures which is impressive due to its size. Employing only 2 percent of Saint-Gobain’s work force and accounting for 11 percent of the entire income is impressive. The following figures help illustrate Saint-Gobain Containers cash flow on a more directed level:
KEY FIGURES
• SALES
(in mns of euros)
• OPERATING INCOME
(in mns of euros)
(Provided by www.Saint-Gobain.com)
As one can see their operating cost is relatively small when compared to their over all income. Operating cost only consumed 9.6 percent of their cash flow making their process very efficient.
By lowering selling prices across the board, Opossumtown, Inc. reduced its inventory turnover ratio, cutting the number of days to sell inventory from 174 days to 104 days; that is a 40% improvement. Opossumtown, Inc. also cut the number of days it takes to collect its credit accounts from 68 to 44 days, again that is 35% better than the previous year. The company is able to do this while cutting its debt ratio by 10% and increasing its current ratio by 25%, making it appear more favorable in terms of liquidity. As promising as this may look, this is not the whole picture. Opossumtown, Inc. shows an 11% decline in gross profit as well as operating income ratios, and a 3% decrease on the profit margin ratio. The decline of these ratios is a result of the company’s new strategy of decreasing the selling price and increasing its marketing and selling expenses. Opossumtown, Inc. made some noteworthy advancements with the implementation of its new plan for 2014. However, based on the assessment of the balance sheet, income statement and the ratios, the corporation did not achieve its goal to increase operating income by 6% and net income by 4%. Opossumtown, Inc. was only able to grow its operating income by a little more than half of one percent and net income by
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The financial data for the company is convincingly good-to-great. Its revenues has been rising constantly since 1998 as can be seen on the exhibit. Net income for 2002 was the highest in 5 years ? $5,710 million, rising by 58% since 2001. Its total assets have increased by 13.6%.
After conducting a basic 10 year financial analysis of the company, it has become evident that even with a highly competitive market structure they are able to improve on their performance. Ranging from 2004 to 2013 financial information, the company has shown a significant increase in their sales revenue roughly $3865 million sales in 2004 to almost four time that valuing $12970 million in 2013, which was an “increase of 10.4% over the 53 week prior year” The company’s growth strategy has been to diversify its product market and make them...
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[6] Newman, K. A. (2009) Packaging is critical to brand identity, Packaging. (pp. 30 – 34)
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We cater for bulk supply from the bakery to store, where transit protection is of paramount importance. Our eye-catching retail ready packaging solutions are proven to create maximum consumer appeal on shelf.
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But there were also issues in packaging that had to be resolved: development of the packaging design was one of his primary concerns at this time. Ultimately, there will have to be manufacturing procedures in accordance with corporate policies and standards: capital equipment selection and procurement, installation of this equipment and startup.
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