product classification Products can be classified on the basis of three characteristics: durability‚ tangibility‚ consumer or industrial use. 1. Durability and tangibility. Non-durable goods are tangible normally consumed in one or a few uses (such as food‚ soap and clothing). Because these goods are consumed quickly and purchased frequently‚ the appropriate strategy is to make it available in many locations‚ charge a small markup and advrtise heavily to induce trial and build preference. Durable
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namely raw materials and time in addition to inefficiently pricing the products. Let us look at each of these factors separately. Raw Materials Let us calculate the total weight of raw materials used to produce the 4 items and compare that with the total weight of raw materials available Weight / piece (lbs) Patterned glasses 0.5 Paperwights 0.9 Wrapped tumblers 0.5 Vases 0.6 Item Weekly Production 19 10 32 8 Total Weight (lbs) 9.5 9 16 4.8 39.3 The total weight of raw material used = 39.3
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PROC5000/Anthony Vatterott/SPARTAN HEAT EXCHANGERS‚ INC/Dalton 1 SPARTAN HEAT EXCHANGERS‚ INC. Rick Coyne is the Materials Manager at Spartan‚ Inc. Until recently‚ the company has benefitted from excellence in customization and specialized research & development of design with full-service custom unit fabrication. This has historically allowed Spartan to maintain a positive rapport with clients‚ as their approach allowed for meeting the client’s specific needs. However‚ the industry trend
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4063 REV: DECEMBER 15‚ 2009 DAVID A. GARVIN ELIZABETH COLLINS RL Wolfe: Implementing Self-Directed Teams On a clear day in May 2007‚ John Amasi looked down on the city of Corpus Christi‚ Texas‚ as his plane approached the airport. As director of Production and Engineering at RL Wolfe—a $350M privately held plastic pipe manufacturer headquartered in Houston‚ Texas—he was looking forward to visiting the company’s plant in the city. Four years previously‚ in 2003‚ when RL Wolfe had purchased
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From the case‚ it is clear to see the Orleans has changed priorities. There are trying to change base to the high quality products. Also they change products to cheaper price as a base strategy. They reduce the cost with elevators and the raw materials‚ also something else. Ben was concerned about some big issues‚ such as reducing labor costs and competing with the Mexican labor market. He also was concerned the security of his position relationship with the company.(Can Chen 9362) 4. Should
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Texas plant for $8 per shirt (including the cost of raw materials). Chicago is a major market for 100‚000 shirts per year. The shirt is priced at $15 at the Houston plant. Transportation and storage charges from Houston to Chicago amount to $5 per hundredweight (cwt.). Each packaged shirt weighs 1 pound. As an alternative‚ the company can have the shirts produced in Taiwan for $4 per shirt (including the cost of raw materials). The raw materials‚ weighing about 1 pound per shirt‚ would be shipped from
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lines. Each segment has it’s own designers‚ market specialists and buyers which closely monitor customer feed back to improve designs and gauge market trends. | Benetton | In house designers who are responsible for garment design‚ R & D in new materials and design concepts. | Each company has very similar approaches to designing garments with all functions undertaken in-house. H & M occasionally utilises outside well-known designers‚ this can be viewed as much as marketing exercise and increasing
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Structure-Conduct-Performance Definition: The Structure-Conduct-Performance (S-C-P) paradigm of strategy assumes market structure would determine firm conduct which would determine performance. Structure: The term structure in this model refers to industry structure‚ measured by such factors as the number of competitors in an industry‚ the heterogeneity of products‚ and the cost of entry and exit. Conduct: Conduct refers to specific firm actions in an industry‚ including price taking‚ product
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maintain a water utility company. 3. Bargaining Power of Supplier- Medium. Although the primary raw material of A Water Utility concessioner is water which is basically free‚ the materials used for distribution line maintenance and expansion are quite few. Though this is the case‚ A Water Utility concessioner still has a slight control on the pricing of these materials unless the raw materials for these items like resin‚ steel‚ alum coagulating chemical used in treating raw water)‚ etc. increases
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political instability in some countries influences the prices of oil‚ energy and raw materials‚ which are vital for OEMs. legislation: the level of government protection‚ the taxes and duties‚ barriers to trade‚ etc. Technology development: new technologies‚ new flexible assembly lines‚ etc. Cultural factors Socio-economical factors: fluctuations in exchange rates and interest rates‚ the oil and raw material prices; the salaries of the workers‚ etc. The internal factors are: Customers: their
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