The Importance Of Management In Business Management

Learning Outcome / Section 1: Understand the specific responsibilities of middle managers in enabling an organisation to achieve its goals

Answer 2- If there should be a single location for all three companies the inventory holding cost will reduce because the product is placing at one location instead of different three locations. Moreover, by doing this the insurance and misplacing of product of cost reduce but in transit of inventory will increase because the shipments are truck load and the distance between customers and distribution centre is far. Furthermore, with this the service level improved which means order fulfilment process improved too. In addition to this, the

Understand the specific responsibilities of middle managers in enabling and organisation to achieve its goals

Structube, a furniture retailer chain in Canada, has a number of demand regions which has to be completely satisfied. The management is considering ‘five locations’ to open distribution centers (DCs) in order to cater to the demand regions. The company wants to know the number and location of DCs in order to minimize overall costs (costs associated with opening a facility and transportation costs when shipping from DCs to demand regions.)

The corporation is seeking data to determine the optimal course of action for distribution, referred to hereafter as the supply chain. This analyst has researched several supply-chain strategies. These strategies will be presented in this report. The analyst will also provide a concerted

Marketing has become more and more important, especially as the purposes of marketing expanded into performing marketing researches. Through marketing researches, it is asserted that marketing starts with a real customer need. Classic marketing, has, nonetheless, focused on making the need that will draw customers, and this stresses the advertising power of marketing (Woodall 2007, p.1284). This is also called the sales concept of marketing (Woodall 2007, p.1285). An example is how advertising lures people into buying a brand, because of the

The disadvantages are higher outbound transportation costs. Even with a strategic warehouse location, such as Kentucky, there will bound to be retail outlets farther than others, such as San

Nevertheless, the company brainstormed a process to provide a more reliable and adequate space in its distribution center. In establishing a business partnership with Remstar International a golden idea formed. Remstar International took the well detailed information given and work studiously to provide an adequate storage and retrieval solution. In my opinion, the most vital step in the process was created when Aerial decided to run the performance test ahead of time. Giving all the tools required from the customer information on to the comprehensive space of each area made the distribution change remarkable. Creating a strong partnership with valuable information help change the distribution center, while lowering employee’s pickers from 28 a job to

Locating a central distribution center will increase the control over inventory for Consolidated. Having small point of operations will reduce the amount of inventory that will be maintained at the sites. Each location will have different needs and only stocking the immediate customer needs at each location will reduce overall costs. The purchasing discount will be easier to maintain if all shipments come to one location which will also save the company money. Having a couple small vans deliver to regional locations within an hour is less costly than ordering extra just to meet the minimum purchase discount. The cost of shipping to small locations will be minimal and will save the company and customers money in the long term. If the contractors know of items that they will need for a job they can inform Consolidated and the special items can be delivered to the job site or picked up at the regional office. Communication is key and willing to provide the best service in a timely manner will reduce cost and increase profit.

 Good distribution concepts with no one store more than 6 hrs. away from warehouse.

Operating such dynamic distribution centers is usually very expensive and allows possibilities of product wastage. The high capital requirement to run such large distribution centers produces a natural barrier to entry and smaller firms frizzle out if they try and compete with the larger firms.

Define the situation (case summary) Define the major issues, conflicts, and the network . Describe the options (alternatives) for solving these issues. Several internal and external influences serve as contributing factors in the reconsideration of the company’s current system. Changes in customer demands, domestic and global competition, and a unique decentralized management system is now forcing the Westminster Company to reevaluate their traditional supply chain practices. (Bowersox & M.B., 2014) Westminster’s domestic operations consist of three separate companies that sell and distribute products to several of the same customers. (Bowersox & M.B., 2014) At first glance consolidation of the systems can significantly improve

7. The final stage of project development is preparation of specific instructions and other arrangements (such as training sessions) to assure that

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.

The company has to decide between the two locations based on their virtues, availability and higher margin of profit.