Designing Business Description For A Hypothetical Manufacturing Company Named Precision

Every company will focus on supplying a service, product, or both. How and where the product is made plays a crucial role in the company’s success. In order to help visualize how the products are made process maps are formatted. These process maps can help to identify areas that need improvement. In order to implement improvement, process development will be implemented. The form of good that a company supplies is also important and to ensure that the best product is distributed product development is conducted. Target Corporation is a complex company, which provides consumers with their necessities.

The following paper is about a company that is at the top level of their industry in selling their products and services. The background of this company describes about what kind of company this is and the types of products and services it provides to their customers. This section also includes the recent performance of this company and the varying aspects of what their target customers and whose is the competition.

location, size, special features and staff. The facility is situated on a twenty acre site in Rancho

Roxana, Illinois. This phase was completed and went online in June 2010. Phase 2 is called the

3 graduates have asked for advice in setting up a new business. This report will provide an overview of the different companies and options available. Through exploring various literature and reading, advice will be given on structuring and setting up their company.

Strategic planning considered one of the important factors to be considered by organizations seeking to improve business and process within the current organization scope. Riordan Manufacturing Inc. has become a global leader in the area of plastic injection molding with state-of-the-art design capabilities. Currently Riordan Manufacturing Inc. is looking to develop and implement a strategic plan for the organization to improve process, operation, and procedures within the company’s day-to-day work load. Within this paper team C will discuss the reasons why Riordan Manufacturing needs to develop a strategic plan by elaborating on the following reasons: environmental scanning,

Precision Worldwide,Inc (PWI) is a manufacturing company of industrial machines and equipment for almost 90 years. One of their plants located in Frankfurt, Germany, produces a particular model at a price ranging from $ 18,900 to $ 28,900. Moreover, the plant has another department that manufactures steel retaining rings. These rings are considered as an integrate parts of the machines they are actually manufactured. This department can sell their rings either internally or externally because they are a large market and demand.

There will be office spaces and conference rooms for vendor meetings and business negotiations. The best location to have this facility is outside a metropolitan city for quick access to major highways for transportation of raw materials and finished goods. Fortunately the desired workforce is not of highly skilled workers, therefore the facility can be located anywhere close to major cities. The convenience we are looking for here is transportation; this business is not highly skilled labor dependent, weather dependent, but geographically

Based on the changing electronic industry and business demands, Custom Molds should correct major issues by adopting the following recommendations. The molding process should focus on small batch sizes and purchase more small and customizable machines. More workers should be hired to oversee the production since there is more labor needed to prepare the machine for each customized mold. The plastic parts process should focus on few but large capacity specialized machines. Fewer workers will be needed to oversee this process because there are few setting changes needed. To control the problem of late deliveries, a better communication system between offices should be implemented so workers do not need to walk back and forth between offices. Orders should also be accepted based on the ability to complete the product in the time that is promised to the customer. More efficient communication between all departments would result in a more accurate estimated delivery time. To control errors resulting in defective parts, Custom Molds should invest in moving the testing center to a more centrally located area. More frequent testing and less walking will increase efficiency and decrease defective products. An alternative option to the recommendations listed, is for Custom Molds Inc. to evaluate the market for the products they produce and to decide to make either molds or plastic parts. The key factors that should be considered while

Worthington Industries Inc. is a “global, diversified, metals manufacturing company” (Worthington Industries, Inc., 2016). The business plans to continue growth by implementing more manufacturing plants in different geographic locations. To do this, the business must strategically plan the implementation of the new plants in order to maintain quality while offering affordability to existing and new customers. As part of the implementation plan the objectives, functional tactics, action items, milestones, task ownership, and resource allocation will be discussed. There will be a need in changing management strategies to enhance successful outcome of the new communities. Some key success factors to ensure success is budget and forecasted financials. If indeed the environment factors such as economic hardships arise a contingency plan will be in place.

Format EXECUTIVE SUMMARY 1. Brief Description of the Project 2. Brief Profile of the Entrepreneur Section I MARKETING PLAN 1.1 Description of the Product 1.2 Comparison of the Product with Its Competitors 1.3 Location 1.4 Market Area 1.5 Main Customers 1.6 Total Demand 1.7 Market Share 1.8 Selling Price 1.9 Sales Forecast 1.10 Promotional Measures 1.11 Marketing Strategy 1.12 Marketing Budget Section 2 PRODUCTION PLAN 2.1 Production Process 2.2 Fixed Capital 2.3 Life of Fixed Capital 2.4 Maintenance and Repairs 2.5 Sources of Equipment 2.6 Planned Capacity 2.7 Future Capacity 2.8 Terms and Conditions of Purchase of Equipment 3. Projects Contributions to the Economy 2.9 Factory Location and Layout 2.10 Raw Materials 2.11 Cost of

Why go to stores and spend lots of money buying toys, jewelry, cups and many other plastic utilities when you can only press one button and print them out for yourself. This futuristic idea is not only innovating the scientific and technological world, but it is also innovating modern day households. The possibilities of 3D printing are extremely captivating, making this one of the most exciting innovations in recent times. 3D printing, also known as additive manufacturing, makes three-dimensional solid objects from a digital model or command. To picture how this process works, 3D printers use an additive process, where adding layers of a successive material creates an object. Traditional machines, however, uses a subtractive process by

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.

Cover Page 1.0 Executive Summary 1 Chart: Highlights 1 1.1 Objectives 1 1.2 Mission 2 2.0 Company Summary 2 2.1 Company Ownership 2 2.2 Start-up Summary 2 Chart: Start-up 2 Table: Start-up Funding 3 Table: Start-up 3 2.3 Company Locations and Facilities 4 3.0 Products 4 4.0 Market Analysis Summary 4 4.1 Market Segmentation 4 Table: Market Analysis 4 Chart: Market Analysis (Pie) 5 5.0 Strategy and Implementation Summary 5 5.1 Competitive Edge 5 5.2 Sales Strategy 6 5.2.1 Sales Forecast 6 Table: Sales Forecast 6 Chart: Sales Monthly 7 5.3 Marketing Strategy 7 6.0 Management Summary 7 6.1 Personnel Plan 7 Table: Personnel 8 7.0 Financial Plan 8 7.0

Operational management processes in a firm involves overseeing, formulating and reformulation of the operations of a business. The processes are meant to ensure efficiency in administering resources whilst ensuring there is effective management of client’s specifications and or directions. This is achieved by adding value to the firm’s processes. Such achievements are experienced when a firm embarks in directing its physical and or technical functions towards enhancing its development, production and manufacturing. These should be pre-determined and controlled by market opportunities if a company is to reach its ultimate production levels. Their realisation adds up to ensuring the future of a firm, offering operational