TAKE? WHY? In this case‚ defining the problem is very important. The problem is that French firm Henri Poulenc produces a plastic ring to substitute from the steel rings used in certain machines sold by Industrial Grinders and this plastic ring is a new product to market. It has longer life but lower cost. Now Bridgeman’s problem is I.G’s large quantity of steel rings are on hand and the substantial inventory of special steel for their manufacture. And this steel as inventory can’t be sold. I.G had
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the case Facing the introduction of plastics rings by one competitor‚ Bruggeman‚ Reichard Maschinen‚ GmbH (RMG) needs to decide 1) whether they will start to produce plastic rings and 2) when to start the production‚ if needed. 1. Incremental cost analysis For the short run‚ RM has the following three alternatives. We will propose to limit the time span of this analysis to 6 months and assume there will be no change in capacity to produce rings within this period. We will recommend to evaluate
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like it is about to drip off of the stick‚ making the honey look very indulgent. On the handle of the honey stirrer are three engagement rings. The bottom one is a wedding band with diamonds around the whole band. The middle ring and the top ring are the same ring just with different views. The middle ring is the top view and the top ring is the side view. The ring has one big rounded square diamond in the middle and little diamonds around it and on the band four more diamonds on each side. From the
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business with the replacement part in question‚ steel rings‚ occur in the machines manufactured only in PWI’s German plant‚ but can also be used on some competitor’s machines. This steel ring has an average normal life of about 2 months. These individual rings are replaced as they wear out and recently competition has increased and now a competitor has entered the market with a superior and less expensive plastic ring that can replace the steel ring. The general manager of the German plant‚ Hans Thorborg
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2008 Plaintiff inherited a family heirloom diamond ring (”the ring”) from his great aunt after her passing. 7. On December 10‚ 2012 Plaintiff took the ring to Defendant’s business Krakt & Sons Jewelers to be resized. 8. Defendant was present and
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British Literature Honors Fellowship of the Ring Thematic Analysis In J.R.R Tolkien’s The Fellowship of the Ring a young hobbit named Frodo Baggins is selected to go on a quest in which he and his company must take the Ring to Mount Doom in Mordor‚ the place where the Ring was forged. Frodo is accompanied by his best friend‚ Sam‚ and runs into many interesting characters along the way. Throughout the company’s journey the temptation of the ring lures many characters astray and puts the company
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steel rings. PWI then needs to sell the remaining steel rings to at least recoup some of their initial investment. In the meantime they should start producing‚ selling‚ and distributing plastic rings to their entire market of customers while attracting new customers who may prefer this new option. CONCLUSION: By changing their production offering to the plastic rings‚ PWI will create more profit which in turn will keep them ahead of competitors in the industry. The remaining 15‚100 steel rings will
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the plant has another department that manufactures steel retaining rings. These rings are considered as an integrate parts of the machines they are actually manufactured. This department can sell their rings either internally or externally because they are a large market and demand. The general manager of the German plant‚ Hans Thorborg has been considering the introduction of plastic rings as a substitute for the steel rings. His idea comes from one of his competitor‚ Henri Poulenc who has already
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produces steel rings for various domestic and international companies. Recently there has been a shift in the market to a new product‚ a ring made of plastic rather than steel. The new product is of a higher quality in regard to consumer concerns compared to the steel ring as well as much cheaper to produce for Precision Worldwide‚ Inc. Thorborg’s business decision dilemma is to accept the sunk cost of materials (steel) already purchased to produce steel rings as well as the steel ring inventory‚ and
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inferior product. This issue concerns the steel and plastic rings which the company‚ Precision Worldwide‚ Inc. (PWI) is opting to produce as a matter of competing intensively with a French company‚ Henri Poulenc‚ which was at the same time posing a big threat to the viability of the steel rings PWI is producing. . PWI is confronted not only with a substitute product which is both cheap and durable. Compared to PWI’s steel rings‚ the plastic rings being produced by Henri Poulenc is both cheaper and lasts
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