Lutron and Its Competitors: Cooper and Creston

FUTRONICS Inc. is a private company located in Lexington mainly categorized for modems, monitors, disk drives and terminals. It is moreover in to sales and services. This case is about the replacement of Futronics’s central office stores by an outside service provider. In this case supply management manager have an opportunity for investigating selected outsourcing in-house services.

COMPONENT PERCENTAGES INCOME STATEMENT (each item is expressed as a percentage of net sales revenue)

LED lighting for retail therefore has the possible ability to increase a store's sales and to reduce overhead costs, all of which gives directly to a store's (money made/good things received).

Health care facility planning must encompass the types of electronic items that will be used and how to support those electronic items. Electricity is the primary concern with electronics devices and equipment. The planning stage must include the amount of computers, phones, electrical outlets, medical equipment, imaging equipment, surgical equipment, and office equipment that will need to be used on a daily basis. Another aspect to identifying the electronics needed is knowing what equipment the health care facility already has and is using that can be reused and what new equipment must be purchased. Advancements in technology may be the driving reason that new equipment is needed or simply just the age and pervious usage of the existing equipment. Understanding the current equipment and the future needs of the facility will help control budget costs.

Call lights are the lifeline to receiving care throughout inpatient hospital settings. Technology is built within the call light tool for patients to communicate from the press of a button on the remote. Nurses and certified nursing assistants answer the call light from a phone device that is sent from the call light. Locally, Bellin Hospital in Green Bay, call light is designed with a red cross to send a call to the patient’s certified nursing assistant. If the certified nursing assistant doesn’t acknowledge the call then the nurse receives the call. Additionally, Bellin’s call light system has tv options, nurse request and toilet request. Call lights signal through noise, outside patient room light, nursing stations and nursing staff.

5) They design the electrical systems which include power into the building, switches and outlets.

Companies without a program had an average turnover rate of two to three years, while those who offered tuition assistance saw the average employment period lengthen to five or more years. Tuition reimbursement fosters loyalty to the employer and increases overall job satisfaction. In addition to strengthening the retention rate, tuition reimbursement programs allow employers to promote within the company rather than hiring outsiders. When companies are hiring from within it increases worker morale and loyalty. It also decreases the costs of hiring and training new candidates. Training for advancement is particularly beneficial in high-need areas, especially in medical fields like nursing.

Some company pays educational institutions directly for expensive, intense training programs that require payment up front (O’Reilly, Brendan 2001). Today, nearly 15 percent of our domestic workforce is enrolled in college and university coursework, more than half seeking advanced degrees. Our participation rates are three times the national average for companies with similar programs. And, participants' retention rate is double that of all employees (Cassidy, John F. 2004).

Due to the ever changing landscape of the business world many employers often send their employees to attend trainings and seminars. Though this specialized training sessions are costly the return a company gets from it is worth the investment. A company that constantly sends its employees to school to acquire a fresh and new ideas has a greater advantage than a company that do not offer such benefit.

One reason for seeking life-long learning opportunities is fact that additional education can lead toward higher pay and promotion opportunities for the employee. A concern for the employer lies in the fact that additional training makes the employee more valuable to other employers as well. If promotional opportunities do not exist in the employees company, then offering additional education to

A dedicated training group called “Southwest University of People” trains the newly hired and existing employees which offers a variety of courses

Microsoft Academy for College Hires (MACH) is a two-year program designed to provide new university graduates hired into the company’s sales, marketing, and services divisions with onboarding courses, hands-on training, coaching and networking opportunities. The main objective of MACH is not only to onboard new graduates so they can start adding value to their teams quickly, but to help them more efficiently navigate the corporate culture and politics. MACH has help numerous graduates maneuver throughout the corporate world by helping them build network with senior employees and also to connect

Cooper Industries is a broad company that uses the M&A strategy of diversification by acquiring companies that posses their own strong assets and exhibit stable earnings. As stated by the Corporate Role the company’s acquisitions had guidelines of companies that served a broad customer base, had stable earning and proven manufacturing operations using well-known technologies and had brand name product from market leaders.

The vision of Cooper Industries, as stated in the case, was to do an ‘outstanding job at the unglamorous part by making necessary products of exceptional quality.’ The goal was to operate in industries that had become somewhat of a necessity for consumers. Examples of such industries include: power transmission, hand tools, drilling and others. Cooper industries had started in 1833, as an iron foundry, and had existed most of its 150 years as a small sized maker of engines and compressors. However, all this changed in the 1960s, when the management decided to expand the company to lessen its dependence on the capital expenditures of the cyclical natural gas business.

Hospital equipment falls into an extremely wide spectrum ranging right from a hi-tech MRI and CT scanner to a simple patient trolley. All these account for a major part of any hospital project cost, which could go up to almost 60 per cent. Keeping this in view it is essential to ensure maximum utilisation of the equipment with minimum downtime.