Otis Toy Trains Company of Minneapolis‚ Minnesota‚ was extremely popular in the 1960’s‚ 70’s‚ 80’s‚ and somewhat the 90’s‚ however since then they have struggled to meet sales that cover their total costs. This lead to a proposal by the Joyous Luck Prosperity Toy Company (JLPTC) of China‚ who offered a price per unit of production to be between 40 and 60 percent lower than their current costs. When considering the attractiveness of this proposal‚ Otis Toy Trains must look at more details than just
Premium Electronic Data Interchange
Otis Toy Trains Explores the Supply Chain The value proposition of Otis Toy Trains of Minneapolis is to offer well designed‚ detailed‚ evocative and luxurious toy trains and their accessories to middle-aged and senior adults. The traits for its critical customers are mainly two aspects. First‚ the critical customers’ age generally range from 35 to 55 (born from the 1960s to the 1980s). Second‚ the critical customers should have fairly high income to afford buying and collecting luxurious toy trains
Premium Proposal Mattel Toy
Bassem Basta Supply Chain 20th January 2015 Case Analysis Otis Toy Train Case Analysis The Background of Otis‚ it was a landmark Toy Train Company in early 20th century. In 1950’s gained major popularity among children‚ 1960’s-1980’s was the company’s peak. In 1990’s customer preference changed to gaming consuls‚ so Otis Trains had to change their target market. In response changed their product. Otis faced some problems‚ for instance‚ they didn’t adapt to advancements in technology: as a result
Premium Change 20th century Management
SCHM2301 Lingwen Chen Otis Toy Trains Explores the Supply Chain： JLPTC proposed that they wanted to work closely with the designers of the Otis Toy Trains and also wanted to take over most of the production of the past series. Although JLPTC offered 40-60 percent lower landed price‚ Otis also should consider the advantages and disadvantages. JLPTC will require a large amount of profit sharing about the products that they produced or the shareholding of the Otis. There is a dangerous risk about
Premium Train Piano Toy
Elisha Graves Otis was the man who invented elevator breaks. He was born on a farm near a city called Halifax‚ Vermont. He was the youngest of 6 children. His parents’ names were Steepen and Phoebe Otis. When he was little‚ his health was very poor. He went to school in his home town of Halifax‚ where he was born. His education ended at the age of 19 when he moved away from home. When he left his home town‚ he moved to Tory‚ New York. He lived there for 5 years. For those 5 years‚ he carried on
Premium New York City
OTIS and the Central Role of Information and IT 5/17/11 Otis Elevator had been known as an “old-line” industrial company which manufactured goods but had not been renowned for delivering services to their customers. Otis was a global company with 90% of its employees (approx. 54‚000) working outside of the United States[1]. In the elevator industry at the time (circa 2004)‚ most profits were being realized through the maintenance and repair of existing units and not by the sales of new units
Premium Customer service Customer Sales
Worked for more than three years time workers small yellow these days feel confused‚ plant outside in their work‚ more and more goods placed on the open space‚ not sparing even the sidewalk in the Otis Tianjin TEDA base. Reporter saw hundreds of large and small cargo cover various parts of the elevator‚ rail frame‚ machine beams‚ wire rope‚ the engine room hoistway components‚ usually use the elevator can see and can not see the parts have been packaged stackedAlthough the contract order number
Premium
Summary of the case Otis Elevator was founded by Elisha Graves Otis‚ the inventor of the safety-brake elevator‚ in 1853. The main business of Otis was to design‚ manufacture‚ install and provide service for elevators and relevant products such as moving walkways and escalators. The market was very competitive in the elevator industry‚ and Otis investigated that customer cancelled maintenance agreements due to dissatisfaction for service quality rather than product quality. In order to increase
Premium Supply chain management Management Customer service
DES4170 Global Logistics Management Team 1 Paper Topic: Otis Elevator Q1. What kind of company is Otis? The Otis Elevator‚ a subsidiary of the United Technologies‚ was founded by Elisha Graves Otis. Ever since the first ‘safety-brake elevator’ being sold in 1853‚ Otis has been the leader of the elevator industry for more than 150 years. The core business of Otis is to design‚ manufacture‚ install elevators‚ escalators and moving walkways and provide services worldwide. With its engineering headquarters
Premium Management
Otis Case Study Background Otis Elevator Company has been a worldwide industry leader in manufacturing‚ installation and maintenance of elevators‚ escalators and moving walkways‚ for more than 15 years (Otis‚ 2012). Elisha Graves Otis founded the company in 1853 (McFarlan & Delacey‚ 2005)‚ and it became a subsidiary of United Technologies Corporation (UTC) in 1976 (Otis‚ 2012). UTC is “a leading provider to the aerospace and building system industries worldwide” (McFarlan & Delacey‚ 2005)‚ and Otis
Premium