Unclaimed Freight Group NO. 1 by Nairobi Morilla Jason Forsythe Jeramar Rios Adam Festa Kishal Browne Table of Contents · Introduction o What we Do o Great Products o Great Services · Business Strategy o Five Forces Analysis o Competitive Strategy · Problem Analysis · Recommendations · Conclusion Introduction What We Do With over 35 years experience in the furniture liquidation industry, our regional presence provide buyers with the confidence of reliable access to a wide selection of furniture and discount goods to satisfy their furniture demands. Unclaimed Freight focuses on offering you a huge, constantly changing assortment of furniture and accessories at prices that can enable everyone to indulge their sense of style and pocket some savings too. Founded in 1972 Unclaimed Freight have worked to develop strong and fruitful long-term relationships with major manufacturers, retailers and distributors. By continuing to educate its employees on the products features, their resulting expertise have allowed for an even stronger relationship to be developed with their customers. All stores offer brand names like Simmons, Serta, Benchcraft and Nordic Rest. Great Products The furniture are received from manufacturer because of wholesale liquidations, retail chain buyouts and factory closeouts. Unclaimed Freight receives products directly from the manufacturer,
Pier1 imports’ business is home goods, the merchandise which “ranges from home accessories such as candles, vases and picture frames to full-sized, upholstered furniture, hand-carved armoires, large-scale vases and eclectic wall décor” can fall into two main categories. (2) One is decorative accessories, the other is furniture. For the decorative accessories, the relative merchandise group contains rugs, wall decoration mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gifts and seasonal items. The sales of this group have maintained at 65% of total sales in fiscal years 2015, 2014 and 2013. (10-K, p5) For the furniture, it contains all the furniture and furniture cushions
III. If the arrangement includes a general right of return relative to the delivered item, delivery or performance of the undelivered item or items is considered probable and substantially in the control of the vendor.
All goods purchased pass through a receiving department under the direction of the chief purchasing agent. The duties of the receiving department are to unpack, count, and inspect the goods. The quantity received is compared with the quantity shown on the receiving department’s copy of the purchase order. If there is no discrepancy, the purchase order is stamped “OK—Receiving Dept.” and forwarded to the accounts payable section of the accounting
Furniture is considered in economic terms as an ‘elastic commodity’ and is very sensitive to economic changes. It is an export oriented industry with 53% of production being shipped outside Canada and 95% of exports going to the US. Canada is the 5th largest exporter of furniture in the world operating at various
Receipt of raw materials is by rail. Prior to the sale of anchors into the international market all shipments of finished product went out completely by truck and therefore all shipping activities were limited to the east side of the building.
The Seller will not be liable in any way for any delay, non-delivery or default in shipment due to labor disputes, transportation shortage, delays in receipt of material, priorities, fires, accidents and other causes beyond the control of the Seller or its suppliers. If the Seller, in its sole judgment, will be prevented directly or indirectly, on account of any cause beyond its control, from delivering the Goods at the time specified or within one month after the date of this Agreement, then the Seller will have the right to terminate this Agreement by notice in writing to the Purchaser, which notice will be accompanied by full refund of all sums paid by the Purchaser pursuant to this Agreement.
When planning your next major household move or commercial shipping project, it is important to have a thorough understanding of the different types of moving options available to you. This article will introduce you to standard shipping options, as well as walk you through specialized freight options available for atypical shipments. As you will see, specialized freight is often used for large amounts of loose materials, oversized or overweight items, perishable products, or when the unloading area is not properly equipped for traditional freight trucks.
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
Construction materials such as lumber, pre-built frames and drywall are heavy, awkward and difficult for the average homeowner to manage. This is why lumber supply companies offer delivery services, using their flatbed truck. Likewise, larger building materials such as steel beams, and large volumes of lumber and other materials have to be transported to commercial sites. When demand increases, it strains the companies that manufacture and supply these materials. To ease the load and keep the supply chain moving, they often rely on the services of a logistics company with flatbed capabilities.
| 1) Shipment of products directly to individual 2) Direct delivery to retail outlets &retail establishments
DHL 31%, USPS 8%, FedEx 27%, and Amazon 3%. From these numbers Amazon is a very small player in the shipping department. Every competitor, expect DHL, are currently shipping the excess freight that Amazon cannot maintain. With Amazon 's move to acquire more of the market, these competitors need to be on the lookout because portions of their market share can be taken away. These major shipping firms only provide shipping services not offering household products like Amazon. With Amazon starting by semi-supplementing their shipping avenues, Amazon has the potential to grow even larger. The market cap numbers are not a good basis to judge market share on since FedEx and UPS have the majority of the market in the shipping industry. FedEx and UPS are the major competitors against Amazon and its new shipping department. FedEx and UPS had the most recent annual net income of $50.3 billion and $58.3 billion respectively. They represent the majority of packages delivery from individuals, businesses, and online retailers.
The Canadian furniture market has brought success to IKEA Canada due to the high quality and low priced “quick-assembly” furniture designed by IKEA’s European engineers. However, this success brought many imitators. Sears Canada has recently published a new catalogue that includes a new line of furniture called “Elements”. The new line of furniture very much resembles IKEA’s knock-down, self-assembled line. IKEA is facing an imitation threat and should tactically respond to minimize its effects.
The dealers did not maintain any warehouse and hence, expected all the storing from the manufacturers. The manufacturers had to fulfill the orders by delivering the finished goods that was in the inventory and manufacture on expedited basis.
The main station is located in Memphis, Tennessee in the United States. The company started off by delivering couriers to some American cities, which was the first time for parcel delivery to take place at that time. As stated before, the industry’s goal is to fulfill the needs of customers, developing relations with different companies, and ensure a high investment for its shareholders. This is made possible through their six shared principles: people, service, innovation, integrity, responsibility and loyalty (FedEx). In order to satisfy its clients, FedEx has3 branches which provide customers with different services regulated on different demands; this include FedEx Corporation, FedEx Express, FedEx Kinko’s, FedEx Ground, FedEx Freight, and FedEx Services. It delivers more than 10.5 million shipments daily, covering more than 220 countries. Monthly, it has over 50 million visitors. In order to… it has 1250 express stations, 33 ground hubs, 370 freight service centers, and more than 1800 offices. The company also possessed 656 aircrafts and more than 100,000 motorized vehicles for express, ground, freight and expedited delivery service (FedEx). Through these aspects and values, Smith achieves to develop a company with a productive way in controlling time, space, and
Based in Denmark, IKEA International A/S is one of the world 's top retailers of furniture, home furnishings, and housewares. The company designs its own items, and sells them in the more than 140 IKEA stores that are spread throughout approximately 30 different countries worldwide. The company also peddles its merchandise through mail-order, distributing its thick catalogs once a year in the areas surrounding its store locations. IKEA is characterized by its efforts to offer high-quality items at low prices. To save money for itself and its customers, the company buys items in bulk, ships and stores items unassembled using flat packaging, and has customers assemble many items on their own at home. The company is owned by