Preview

Rci Master Distributors

Powerful Essays
Open Document
Open Document
2287 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Rci Master Distributors
RCI Master Distributor
Evolution of Supplier Relationships

9/16/2012
Group 3

PHILIP CORRADINI (IE/15/009)
KAMALIKA GANGOLY (PGP/15/019)
S. SIDDHARTH (PGP/15/048)
DEVINA BHASKAR (PGP/15/082)
APOORVA GOYAL (PGP/15/130)
MADHURI MUKHERJEE (PGP/15/155)
AMARENDRA (PGP/15/202)
DHANANJAY JANARTHANAN (PGP/15/216)
GAUTAM S (PGP/15/277)
S. HARIPRASAD (PGP/15/314)

HISTORY OF RCI
1946 – Mark Schwartz founded a motor repair business and secured a GE franchise for component parts. He was instrumental in bringing about a service innovation by exchanging fully working motors with customers who came in for repairs of their broken down motors. He then repaired them and replenished his motor inventory.
1962- GE’s General Purpose Control operation developed a new contactor for its air-conditioning and refrigeration business. Mark Schwartz attained the rights to exclusively distribute these contactors to the aftermarket through air-conditioning and refrigeration wholesalers.
1963 – RCI had demonstrated to GE that they could get GE’s products to market, with the parts moving from master distributors to wholesalers and ultimately service repair persons. RCI also worked in the direction of providing new innovations in terms of packing and product innovations as well. Mark Swartz worked with GE engineers and through this inputs in developing innovations, RCI continued to distribute these models exclusively.
1974 – Danny Swartz takes more responsibility and starts taking all the day-to-day business decisions.
Some of the key values which RCI followed were * Working by developing a relationship of trust and faith with suppliers. They did not have any formally drawn contracts. * Demonstrating to the suppliers how difficult distribution was and how RCI’s competencies could not be replicated.
CURRENT SYSTEM
The current position of RCI was as follows:
RCI distributed over 6000 electrical and related products earning revenue of $ 35.8 million and with

You May Also Find These Documents Helpful

  • Powerful Essays

    One of the key issues in this case is what are considered deliverables in the arrangement made between…

    • 1100 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Unit 5 Assignment GB560

    • 3584 Words
    • 12 Pages

    GE’s mission has always been to be an innovative leader in manufacturing and making products better for the world. Through its finance segment GE looks…

    • 3584 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    All of our suppliers are vetted thoroughly through our system before any works can be issued to them. Not only do they have to have the necessary legal information available i.e. insurances etc. but we also have to vet their engineers. We have to ensure they are all CRB check. (Criminal Records Bureau) However, there is also other elements of information we require from them to assist us within day to day running. Suppliers have to identify within their initial registration what disciplines they are able to cover showing that they have engineers with the associated skill sets, qualifications etc. They also have to identify which regions within the country they have coverage for. Once the suppliers have completed their registration form (Please see example attached in appendix) it is sent to a director for approval. Once approved, the supplier will be set up on our system.…

    • 1153 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    The suppliers would also want that they are being treated fairly by the business when making transactions.…

    • 3737 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    Task 2 Stakeholders EDITED

    • 2131 Words
    • 6 Pages

    Suppliers: Suppliers are also external stakeholders. They don’t want to be supplying to someone who gives wrong orders all the time or an organisation that does not give the right payments at the right time; they should be able to pay debts within the time given. Therefore a bond needs to be earned between the business and suppliers for them to trust each other. If there is more trust then the suppliers can feel valued by the company.…

    • 2131 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Sears Holdings Analysis

    • 10370 Words
    • 42 Pages

    Within a year’s time, Sears had moved into Chicago in 1887 be in a more convenient location for shipping and communications. At this time, Sears was just in the business of selling watches, but as time went on, people were coming in for watch repairs which he knew nothing about. Instead of turning potential business away he adapted and hired Alva Roebuck, a watch repairman from Indiana. Sears’ competitive advantage was the fact that he could sell his watches at a lower cost. He did this by buying up discontinued lines from manufacturers and passing on the discounts to customers (Sears History, 2009).…

    • 10370 Words
    • 42 Pages
    Good Essays
  • Satisfactory Essays

    Transworld Case...

    • 303 Words
    • 2 Pages

    SUPPLIERS: are still facing challenges of higher costs, price and volume pressure, and, at times, erratic production schedules from their auto-producing customers…

    • 303 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    University of Cincinnati. (Ed). Contract Creation and Management [University of Cincinnati]. Retrieved July 19, 2000, from University of Cincinnati…

    • 1260 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Total annual purchases were approximately $250, and about $60 million to be sourced through Materials Department…

    • 872 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    The company's relationship with contractors is predominately transactional in nature where construction work is tendered and bid on a competitive basis. Work is primarily awarded based on lowest cost with some consideration for…

    • 612 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Much of what a business does is defined by the contracts it has with suppliers,…

    • 998 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Mondavi and the supplier use many different tools in the contract administration process to ensure that the contractual agreement is met. Mondavi 's contract administrator applies the tools most relevant to the supplies being…

    • 1943 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Suppliers: Want stable instructions and punctual payments. They want to be valued by the company they work for.…

    • 524 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Sears Research Paper

    • 2339 Words
    • 10 Pages

    The company, known as Sears, Roebuck and Company was bought out by K-Mart in early 2005 creating Sears Holding Corporation. Richard Warren Sears was an ordinary railroad agent in North Redwood, in Minnesota. An opportunity arose for Sears when he came across an unwanted delivery of a dozen gold-filled pocket watches. The jeweler did not want the watches, so Sears bought them and then subsequently, sold them for a profit. He then ordered more watches. Sears started to continually sell watches through mail order catalogs, a marketing technique that Sears took fully advantage of. Next year he moved to Chicago, Illinois, where he hired Alvah Curtis Reobuck, a watch repairman, who both targeted Midwest farmers and their families through mail order…

    • 2339 Words
    • 10 Pages
    Better Essays
  • Good Essays

    Once the deal was structured, how could they bind their various partners to the necessary contracts and commitments?…

    • 800 Words
    • 3 Pages
    Good Essays

Related Topics