Introduction Bob’s Discount Furniture can be defined in one word, “innovative”. In almost every aspect of their business, Bob’s is setting the standard for the furniture industry. Founded in 1991 in Newington, Connecticut, Bob Kaufman had a dream to build a successful company. This dream stemmed from his own experiences. In 1976, Bob was involved in a motorcycle accident that left one of his legs partially paralyzed. He was sent to bed to recuperate from his injuries, where he then found the benefits of the waterbed in his recovery. This experience inspired Bob to become a waterbed salesman. He sold waterbeds in 24 stores across New England. As his waterbed sales began to take off, he became a sales partner with the owner of a store in which he currently sold his product. They ended up buying a building located in Newington, Connecticut, which became the first ever Bob’s Discount Furniture store. In six short years later, Bob’s Discount Furniture owned 12 stores in Connecticut and 2 stores in Massachusetts. Today, Bob’s owns 57 stores scattered throughout Connecticut, Rhode Island, Massachusetts, Maine, New Hampshire, New York, New Jersey, Maryland, Virginia, Pennsylvania, and Delaware. The company continues to look for ways to expand to new locations across the United States. Earlier in 2015, Bob’s opened stores in Deptford, New Jersey, Philadelphia, Pennsylvania, and Langhorne, Pennsylvania. Bob’s Discount Furniture is well known for its advertisements. These
This then translates to a 50% chance of not having inventory available during job opportunities. Therefore, opportunity costs might occur. The indifference of the production managers' in these aspects of inventory control is alarming and should be acted upon.
This paper aims to demonstrate a detailed description of the elements of ‘IKEA’ company based on its famous name in the furniture industry.
Space Age Furniture Company has manufactured tables and cabinets in order to hold a microwave oven and portable televisions. Space Age products are made in several sizes and with several features yet, they all follow the same production and assembly operations. There is quite a difference in a few products that Space Age offers. For example, the Saturn microwave stand and Gemini TV stand has a part (no. 3079) that specifically requires machining on a special lathe used only for making these parts.
Despite being well-established, over the last three years, sales at Atherley Furniture Company have remained the same while profits have declined by almost 24%. Their chair division produces three different types of chairs, the Atherley, the Caledonia and the Parkdale. Each model has its own production plan and production costs. The increasing production costs, alongside the intense competition the company faces, have become a great cause of concern for John Atherley.
Mattress Firm is a mammoth retailer that specializes in sleep equipment within the bed and mattress industry. It is certified as a premium retailer that has changed the landscape of retailing specialty and traditional bedding. The initial concept was conceived through an opportunity to offer a product and service through a sophisticated system dedicated to quality, service, and value. Since the corporation’s inception, Mattress Firm has expanded into profitable markets through opening new stores and acquisitions. In a highly competitive industry, Mattress Firm organizes is product offerings in perspective of what the customer wants by providing an array of specialty and traditional mattresses from household brands such
Hooker Furniture Corporation is a growing furniture company in today’s industry and current economic circumstances. This company was incorporated in Virginia in 1924, and is ranked among the nation’s largest publicly top 10 furniture sources. Paul B. Toms Jr. has been Chairman and Chief Executive Officer for Hooker Furniture Corporation since 2000 and has also been with the company since 1983. The Hooker Furniture Corporation home office is located in Martinsville, VA. This company offers wood furniture, metal furniture, and upholstered furniture products. Including home entertainment, home office, accent, dining, bedroom, and
As Coral reviews the master schedule and the pending orders, she can see that given the current plan, they will not process enough subassemblies to cover the upcoming orders. The master schedule is a statement of exactly what will be produced. It must simultaneously satisfy the needs of sales and marketing and be feasible in terms of operations. Developing a master schedule that is close to the aggregate plan, yet still satisfies marketing and operations, is not an easy task. The aggregate plan was developed based on a strategy that maintained acceptable inventory and workforce
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
Promote New Styles of Furniture: These new items would require consumer advertising in shelter magazines to be launched successfully.
Despite the increase in costs that comes from printing more catalogues, IKEA can reduce its marketing expenditures on magazines advertisement and other means of promotion.
The Guillermo Furniture Company has realized that their business strategy is no longer sustainable. The external environment has changed significantly and the company is facing pressure from oversees firms that have automated much of their furniture production and manufacturing. Despite the fact that Guillermo Furniture has access to relatively inexpensive Mexican labor, the company is still struggling to be competitive in the market due to foreign competition. Therefore, Guillermo has identified various alternative strategies that it wishes to consider in order to reinvent its business and become more competitive. It is recommended that Guillermo invest in new equipment that can modernize its manufacturing capabilities. An investment in a computerized lathe shows a worthwhile return on the company's investment and will also position them for future growth.
Located just outside of Syracuse, New York, L & J.G. Stickley was founded in 1900 by brothers Leopold and George Stickley whose collective dream of producing fine wood furniture was about to come to fruition. Basing the company mission statement upon the Flemish craftsman's phrase "Als Ik Kan," meaning "to the best of my ability," the Stickley brothers believed that customers should be assured that Stickley furniture was of "the finest quality, every piece made with honor, integrity, and pride" (Stickley, 2012, p.1). The company's dedication to craftsmanship and customer service allowed it to reap significant success, and although it experienced some bad times along with the good, today, Stickley has five retail showrooms in New York State, two in Connecticut, one in North Carolina, and its furniture is sold by some 120 dealers (Stevenson, 2009, p. 688). Maintaining its success for over a century takes significant time, efficient business models, and most importantly, quality production of the products around which the company revolves. In viewing the intricacies of Stickley's production methods, management styles, bookkeeping and tracking and overall style of business, one can more accurately see from where Stickley's successes have stemmed as well as better pinpoint what changes could be made to improve the company's already-efficient business model.
I decided to choose ABYAT Furniture Company for my Assignment . In this paper, I am going to talk about ABYAT's history, structure and what services that they provide. Moreover, I am going to talk about achieving the six strategic, In addition, I am going to know about the threats type in ABYAT Company, also I will mention how supporting these levels through information Systems, how managers can affect build and use information systems the success of their company and how achieve operational excellence in terms of customer relationship management.
IKEA’s BUSINESS IDEA (www.ikea.com): “We shall offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them."
IKEA’s strategy before the mishaps in America could be characterized as going against the norm charting their own path to success using low priced manufactures to secure lower selling prices aimed to target those who were of older age and of middle class standing. Their new strategy was to target those of a younger demographic, young married couples, college students, and 20-30 something singles. By reemphasizing design, promoting through hip quirky advertisements, and encouraging consumers to do away with their old furniture, IKEA revenues doubled in a four-year period. IKEA today has adapted somewhat of a local customization strategy where their store layouts will resemble that of many local household layouts as proven by their success in China where they failed to expand beforehand. They also keep their prices extremely low in some areas as China by sourcing a large percentage of products in the area of operation.