Product and Pricing Strategies
The Ukraine has abundant deposits of coal in the Donets Basin. However, most of it is at enormous depths from 300 to 1200 meters below the surface. (Wikipedia, 2013) These very hazardous mining operations require special equipment in order to operate in these conditions safely. The larger SME300 Series and smaller SME200 Series continuous miners are specifically designed to operate deep under the ground in tight spaces.
Ukraine has well established manufacturing sector of mining machinery. Companies such as SIC Mining Machines and Yasinovatskiy Machine Building Plan are well-established suppliers in a region. They are marketing themselves as suppliers of affordable mining equipment. However, their machinery is not built to the latest standards with regards the serviceability, energy consumption, and personnel safety. The equipment manufactured by SME does hold up to the highest standards for the mining equipment. In addition, the modularity and interchangeability of the product parts produces allows for much more efficient exploitation of the equipment in a production environment. By meeting consumer demands for safety, environmental performance, and durability, we can to differentiate our company and our offerings from other vendors.
The combination of skimming and high-low pricing strategies will be the most appropriate for the Ukrainian market. The private mining corporations are often paying premium pricing for the equipment manufactured in Germany and Poland. There equipment shipped from outside of the country generally considered of better quality and the companies are willing to invest more capital into machinery that would deliver greater productivity and higher output between overhauls.
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The building good relations with local machinery distributors and wholesalers are essential to our promotion strategy. The distributors will receive additional savings on equipment orders.
Trade shows are very important in the mining industry. They are the place for experts to meet with national and international companies, to learn about latest innovations within industry. Attending tradeshows provide unique opportunity for a strong brand building via product demonstrations, seminars, conferences and sponsorship opportunities to a targeted audience of qualified buyers that have come to see our equipment.
One of these shows is Ugol & Mining Ukraine. The show is occurs every 2 years in coal mining capital Donetsk. Over the years Ugol & Mining Ukraine has become a regular meeting point for the industry. The next one scheduled for September 2-5, 2014.
The Making of a Hardrock Miner written by Stephen M. Voynick, describes his own personal experiences as a hardrock miner in four different underground mines in the western United States, the Climax molybdenum mine in Colorado, Hecla Lakeshore Project a copper mine in Arizona, and two uranium mines in Wyoming. Rather than a book telling of the fortunes gained and lost, this book was about the relationships gained, but then also lost through mining. Stephen M. Voynick’s direct words and simple writing style provided a book that was an easy read and educational about mine work and safety.
In today’s operational management arena, there are certain expectations from a managerial aspect that must be met in order to be successful. A comprehensive look at the Space Age Furniture Company will show exactly what the Materials Requirement Planning (MRP) calculations are for this company at present time and then take the information given in order to properly suggest ways to improve the sub-assemblies. In addition, there will be an analysis on the trade-offs between the overtime and inventory costs. A calculation will be made on the new MRP that will improve the base MRP. This paper will also compare and contrast the types of production processing to include the job shop, batch, repetitive, or continuous, and determine which the primary mode of operation should be and exactly why. A detailed description on how management can keep track of the job status and location during production will also be addressed. Finally, there will be a recommendation on they type of changes that need to occur that will be beneficial to the company and at the same time add value to the customer. This paper will conclude with summary of the major points.
In addition, the bargaining power of the sources of inputs is high. The switching costs from one supplier to another are high because there are not many substitutes for the particular input for metal products. Besides, the number of suppliers who produce raw metals is small. The threat of substitute is high. There are many different kinds of substitutes for metal product company. These companies may also produce a large variety of product like Slade Company. Therefore, the substitute is low for this market. Only companies that produce high quality are able to not be substituted by the others.
The subsoil is likewise a source of riches. An example of this is the world’s largest open cast coalmine, located on the peninsula of La Guajira, which pro...
Black & Decker (B&D) is a global manufacturer and the world’s largest producer of power tools, power tool accessories, electric lawn and garden tools, and residential security hardware. The company was a pioneer in innovation and development of power tools and has used that position to build strong brand names that enjoy worldwide recognition. Key Causes for Poor Performance in the Professional-Tradesmen Segment The reason B&D has performed poorly in the professional-tradesmen segment is due to the positioning of the B&D brand in this segment. Poor positioning of the brand has resulted in customer confusion and negatively impacted customer perception of the brand in terms of being a quality product. B&D Performance in the Power Tool Industry Overall Any adjustments to B&D’s strategy in the professional-tradesmen segment must not have an adverse impact on their success in the consumer or professional-industrial segments. Therefore, a thorough understanding of the needs of each segment will be important in building a viable strategy to challenge Makita in the professional-tradesmen segment, while continuing to maintain share in the other two segments. _Consumer _Segment Professional-Tradesmen Segment This category consists of professionals who are buying a product for their own use on a job site. Their livelihood depends on the quality and performance, as well as the reflection on their skills that using a particular tool brings from others on the job site. Since they are purchasing their own tools, this segment needs this high quality performance at a reasonable price. However, since Makita and Milwaukee are both priced higher than B&D and are seeing greater success in this category, tradesmen are clearly willing to pay more for a product they perceive will be more effective for their use. Key needs for this market segment include: Performance and quality - {text:change} does the job needed to be done, doesn’t break down, produces high-quality results and more efficiently gets the job done. Reliability and durability - does the job every time and can be used for an extended period of heavy continual use. Safety Support from the Manufacturer – if the product breaks or performs poorly, access to replacement parts and service will be key in maximizing performance up-time.
Taconite mining has become more popular ever since the rock has become rare. Taconite was once considered “waste rock,” but is currently really valuable. Since the Gogebic Iron Range has about three-fourths of all the taconite in the nation people from all over the country want to take over and start mining. Although taconite mining would do some good for the community, such as creating tons of jobs and boosting the economy for awhile, there are too many risks. Taconite mining has a negative effect on the environment and health.
The excitement for mining and excavating for minerals was sparked in prospectors and people looking for an easy way of profit in the 60’s.This second gold rush of speaks, despite most of the minerals they were after was more on the lines of copper, nickel, iron and the like, brought high hopes of those wanting to get rich fast. Though thousands had hope in making money from mining on their own, many excavators found little gold on their own efforts. Most needed to actually find work in mines. But, they almost got something even better. The v...
Open pit mining. It is also known as strip mining. It begins with the removal of soils on the surface and inefficient rock to get at the ore below. This is only possible in some cases, generally when the ore is less than 120 metres below the surface.
Miners are some of the hardest people on the planet. They face challenges and might even...
In the early part of this century was a time when industry was booming with growth around the installation of major railroads. With this growth came the transatlantic cable, the telegraph, and a whole lot of steel. Steel would be needed in the construction of these new transportation systems and communications were now possible between businesses and industries. (Wren, 2005)
The present situation of the company shows that ideas, Late Mr. McFettridge had, are not implemented properly. Miller Tool Company may have become a favourite investment spot for Financial Institutes, but the reality is quite different. The company needs to sort out a number of matters in the coming future.
The most beneficial place to set our deep sea mining site is directly off the sea of PNG in the Bismarck Sea because there are ports and docks to ship the minerals to and from. We are running out! We have no time, no option, and no choice. The world’s population is increasing by 228 000 each day. We have around 14 500 days left so only 40 years till the end of oil, 165 years of gas left and 415 years left of coal. We are using these minerals at a phenomenal rate. We need to start to deep sea mine off the coast of PNG. We need state of the art technology, structures and materials, one mistake can be the destruction of an entire habitat.
The jewelry industry is always in need of gold. In the past years, the Western mine production cannot meet the gold demand of jewelry industry. To compensate with the lack of gold supply, jewelry sectors tried to make do with reclaimed jewelry, reserves and other industrial scrap.
The mining industry is a billion dollar industry that has been around for years. Miners and business insiders know exactly how lucrative the business is. In calendar your 2016 a net profit of $US20 billion was the aggregated profit for global miners. Mining comes at a cost and the deaths of miners is one of the costs. One of the most disastrous mining accidents took over 1500 lives. Still over the world needs miners. To prevent accidents the mining industry has stricter safety regulations. At the same time the industry has also had technological improvements. The stricter safety regulations and technological improvements in mining are
To become leading alloy castings producer in India by providing qualitative products to customers and create value towards