Cango Week 3 and Week 4 Video Analysis
Week 3:
2. The inventory data is not getting to the workers.
Getting the inventory data to key employees is crucial if CanGo wishes to run an efficient operation. Lack of inventory data, as well as a lack in other important information is one of CanGo’s most significant issues. Inventory data has to span three or four systems within CanGo, not just on the shop floor. The company has to take the appropriate steps to tie back inventory data to all of their sources. A recommended option for CanGo is to go paperless. The easiest way to create inventory management problems is to continue to use paper. Using paperwork to manage inventory is almost a guarantee to slow things, while creating inaccuracy and confusion. What order pickers need is real-time data," "Without automating data collection there will be piles of paper waiting to be keyed in, along with all of its negative repercussions." www.peaktech.com.
Week 4:
2. They need to figure out what their company has to offer in comparison to their competitors. What’s their competitive edge?
As the video states, a company’s competitive edge is closely linked to its ability to do things well. In other words, it’s process. One way of figuring out how they stack up against their competition is to conduct a detailed SWOT analysis. Answers.com describes a SWOT analysis as “a tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, straightforward model that assesses what an organization can and cannot do as well as its potential opportunities and threats.” http://www.answers.com/topic/swot-analysis.
Conducting a SWOT analysis should be a starting point, where CanGo can see what they have to offer their consumers in comparison to what their competitors have to offer. The SWOT analysis would also point out inefficiencies.
2. The inventory data is not getting to the workers.
Getting the inventory data to key employees is crucial if CanGo wishes to run an efficient operation. Lack of inventory data, as well as a lack in other important information is one of CanGo’s most significant issues. Inventory data has to span three or four systems within CanGo, not just on the shop floor. The company has to take the appropriate steps to tie back inventory data to all of their sources. A recommended option for CanGo is to go paperless. The easiest way to create inventory management problems is to continue to use paper. Using paperwork to manage inventory is almost a guarantee to slow things, while creating inaccuracy and confusion. What order pickers need is real-time data," "Without automating data collection there will be piles of paper waiting to be keyed in, along with all of its negative repercussions." www.peaktech.com.
Week 4:
2. They need to figure out what their company has to offer in comparison to their competitors. What’s their competitive edge?
As the video states, a company’s competitive edge is closely linked to its ability to do things well. In other words, it’s process. One way of figuring out how they stack up against their competition is to conduct a detailed SWOT analysis. Answers.com describes a SWOT analysis as “a tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, straightforward model that assesses what an organization can and cannot do as well as its potential opportunities and threats.” http://www.answers.com/topic/swot-analysis.
Conducting a SWOT analysis should be a starting point, where CanGo can see what they have to offer their consumers in comparison to what their competitors have to offer. The SWOT analysis would also point out inefficiencies.