Preview

Case on CVP

Good Essays
Open Document
Open Document
1787 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case on CVP
Anandi Steel Co Ltd

About the company
Anandi Steel is an Indian iron and steel company, with its headquarter in Kalingnagar Industrial complex, Jajpur having a global reputation for landmark production and safety practices which have played a central role in global benchmarking process in the steel industry.
Mission and Vision
The vision of the company is to be the world-wide leader in the steel and Iron products through excellence in operational standards and cost leadership.
The mission of the company is to satisfy its customer with the best quality of products as well as to provide its product to all possible sectors where there is a requirement of steel or iron.
Overview and Products
With the above vision and mission Mr. Som Prakash Anandi founded Anandi Steel in the year 1963. Since its inception the prime focus of the company was to achieve breakthrough synergy in production of steel with specialty grades like austenitic, martensitic, IS 403, IS 407, IS 409, IS 410, IS 411, IS 412, IS 413, IS 421, IS 423, IS 425.In addition they also engage in production of specialist steel services for various industries like aircraft industry, consumer industry, automotive industry, turbine industry, ancillary industry, packaging industry, construction industry. It achieved cost leadership through, several methods like, optimized production practices, mergers and acquisitions, cost cutting, achieving record level of resource utilization as well as investing in training.
Acquisitions
It started the acquisition spree in year 1967 when it acquired Ghanshyam steel Limited which was famous for its long products division including TMT bars, rebars, sheets, gauntlets, joints, pipes, reinforced pipes, and several other tertiary as well as second products. It went a step further when it acquired Uttam Dass steel in 1971 , which was famous for its piping division specializing in special types of annealed , supercritical cooled, crystalled , nitrated , quenched,

You May Also Find These Documents Helpful

  • Good Essays

    Dave and Busters Inc.

    • 1819 Words
    • 8 Pages

    This company focuses on quality and customer satisfaction. Their need to achieve goals beyond their measures is consistently shown in every aspect of the complex. They are also…

    • 1819 Words
    • 8 Pages
    Good Essays
  • Best Essays

    Onesteel

    • 4534 Words
    • 19 Pages

    1. Introduction 1.1 Report Overview The purpose of this report is to present a critical strategic analysis and provide inclusive implementation on Australia’s steel…

    • 4534 Words
    • 19 Pages
    Best Essays
  • Good Essays

    Weymouth Steel Corporation

    • 1341 Words
    • 6 Pages

    "Weymouth steel corporation will endeavor to become a leading steel corporation, committed to excellence in product quality and continuous innovation to best satisfy our customers, where all people grow to their best potential in safe, positive and nurturing environment".…

    • 1341 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Lehigh Steel

    • 1382 Words
    • 6 Pages

    Lehigh Steel was founded in 1913 and it manufactures specialty steels for high strength, high use applications. In 1975 it was acquired by Palmer due to its ownership of Continuous Rolling Mill, a specialized equipment that convert steel intermediate shape to wire for Palmer’s bearing. The industry as a whole is highly competitive, even a small change in price could alter customers’ consumption decision greatly, keeping costs down is therefore, one of the most important targets Its financial performance was always remarkable because of the high quality of products and loyalty of customers. However, severe downturn performances could be identified since 1991 as the business condition was in recession and the industry started to decline. In order to resurrect the financial performance, Mark Edwards, Director of Operations was eager to change the traditional way of manufacturing. He suggested to adopt toyota’s lean, pull-based manufacturing concepts which could reduce stock piling up and therefore, reduce inventory costs, however this management theory was not perfectly suitable to Lehigh, due to the incapability of current technology to produce small orders efficiently. Although the theory did not apply to Lehigh efficiently, it successfully attracted many new customers who ordered in small quantities, along with the market recovery in 1992, Lehigh faced an increase in demand and it had to decide to emphasize in a few most profitable products in order to create a good product mix and improve the financial performance. As it should be, identifying profitability of products require accurate cost analysis of each product and compare them with their selling prices. The company had a tradition of using standard cost accounting for decision making and this method showed that Alloy was the most profitable product, however, management started to doubt this result as evidence proved that sales of Alloy did not actually have a positive relation…

    • 1382 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Nucor Strategy

    • 366 Words
    • 2 Pages

    Among the strategies that Nucor has employed to obtain and maintain a sustainable competitive advantage over many of its industry rivals, are the high amount of investments in technology and great savings in cost such as carefully selecting the geographical locations for a new plant were electricity is not expensive and also since the scrap metal is expensive they acquired a supplier of scrap metal and started a backward integration process. Throughout their extensive investment in technology in the effort of lowering cost and increasing employee’s performance, Nucor maintains significant cost advantage over their competitors. Besides incredible machinery and high-tech equipment, Nucor has a mini-mill with really advanced technology which uses electric arc furnaces to melt scrap steel and pours it into molds to obtain final products. This mill saves a lot of money since the labor and capital requirement to melt steel scrap and produce crude steel are far lower than those conventional integrated steel mills, were raw steel…

    • 366 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Bluescope

    • 875 Words
    • 4 Pages

    Blue Scope Steel is a public company operating in the private sector. Its orientation is for profit and it is in the secondary sector (manufacturing). It’s a…

    • 875 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Sainsburys objectives!

    • 1259 Words
    • 6 Pages

    The company's objective is to discharge the responsibility as leaders in its trade by acting with complete integrity, by carrying out its work to the public good and to the quality of life in the community, to provide unrivalled value to its customers in the quality of the goods it sells, in the competitiveness of its prices and in the range of choice it offers.…

    • 1259 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Ethics

    • 273 Words
    • 2 Pages

    This company strives to be the best at what they do focusing on business, product, customers, suppliers, profit for shareholders, and a assurance of a better future for their employees. Their mission is to provide a healthier living for people around the world through their product.…

    • 273 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Lincoln Electric

    • 4757 Words
    • 20 Pages

    “We are a global manufacturer and the market leader of the highest-quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentless drive to maximize shareholder’s value.”[1]…

    • 4757 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Case Study

    • 2404 Words
    • 8 Pages

    The company is always striving to give its stakeholders the maximum value for their money by continuous improvement and growth in all sectors of the company. The company is organized into four manufacturing divisions:…

    • 2404 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    1. The project team has proposed three scenarios for Hilti’s management board which all have the potential to help the company compete in an ever more competitive and cost-driven environment. Hilti has still the competitive advantage over most other important industry players, because it has a very high-quality approach and is able to charge 30% premiums for their products. The first approach the project team has to offer is a “Low pain, low gain”-scenario in which semi-complex plastic and machined parts are not made in-house but bought from suppliers and all small tools are manufactured in Hilti’s plant in Shanghai. In the first assessment this alternative would have a small impact on cost reduction (8% of COGS) but it would be an alternative with a relatively small footprint. It could be easily achieved and wouldn’t have a big impact on some aspects that are very important to the company’s values. Hilti has established a couple of premises around which decisions about the company’s future have always been made. The “low pain, low gain”-alternative would be in line with the business model that the home factory in Liechtenstein has still a high enough value-add to support high prices and with most of the Champion3C strategy. The Champion3C strategy focuses on three important factors: The company should be economically and technologically independent, should focus on it’s own products and should maintain its sustainable leadership. With this scenario the only factor that is in question is, if the shift to even more “buy” instead of “make” (Hilti is already buying 80% of total product value from outside suppliers) makes the company even more…

    • 1596 Words
    • 46 Pages
    Powerful Essays
  • Satisfactory Essays

    Square Group

    • 492 Words
    • 2 Pages

    As per vision, mission and objectives; they are to emphasize on the quality of product, process and services leading to growth of the company imbibed with good governance.…

    • 492 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    ArcelorMittal is currently the world's leader and largest producer of steel. The company was founded in 2006 by Lakshi Mittal, the current Chairman and CEO. Currently there are around 220,000 employees and profits of $7.94 billion. The company was formed through a takeover of Arcelor by Mittal. Mittal utilized a hostile takeover that was replacing a planned merger of Arcelor and Severstal. Therefore the company was formed in the name, ArcelorMittal. The major key factor for the company's success was through various acquisitions. Other steel companies fell off in this area and therefore couldn't become as well-known as ArcelorMittal. Throughout the essay, there…

    • 707 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Trem Paper

    • 1008 Words
    • 5 Pages

    As per vision, mission and objectives; they are to emphasize on the quality of product, process and services leading to growth of the company imbibed with good governance.…

    • 1008 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mission Of Glaxo Smith

    • 988 Words
    • 4 Pages

    Mission: To provide society with superior products by developing innovative solutions that improve the quality of life and satisfy customer needs, to provide employees with meaningful work and growth opportunities and to provide investors with superior rate of return.…

    • 988 Words
    • 4 Pages
    Satisfactory Essays