Speed and Efficiency A computerized inventory management system makes everything from inputting information to taking inventory easier. Doing a hand count of inventory can take days‚ but with a computerized inventory management system‚ the same process can be done in a matter of hours. Document Generation Once the computerized inventory management system is in place‚ managers and workers can use it to automatically generate all kinds of documents‚ from purchase orders and checks to invoices and account
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Mattel and Toy Safety Mattel‚ the world’s largest toys company‚ had been faced with some rough challenges due to some safety scandals revolving toy design and manufacturing in China. During August 2007 Mattel was forced to extremely recall toys due to loose magnets and excess lead found in some of the Mattel toys that posed immediate danger to the children that played with them. “Mattel voluntarily recalled 1.5 million Chinese made‚ Fisher-Price product‚ after the company learned that they
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Sales Promotion Sales promotion is any initiative undertaken by an organisation to promote an increase in sales‚ usage or trial of a product or service Sales promotions are varied. Often they are original and creative. Buy-One-Get-One-Free (BOGOF) - which is an example of a self-liquidating promotion. For example if a loaf of bread is priced at $1‚ and cost 10 cents to manufacture‚ if you sell two for $1‚ you are still in profit - especially if there is a corresponding increase in sales.
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Mattel and Toy Safety Gabriel Caldwell BUS 250 Pof. Robert Hamamoto May 11‚ 2014 In 2007‚ the Mattel toy company recalled around 20 million of its toy products do to contamination of lead in the paint and safety issues dealing with parts of its products (magnets) that was manufactured in China. The Mattel Company is considered the “global leader’ in toy manufacturing with over 30‚000 people employed in over 40 countries and operates in more than 150 countries. The Mattel Company faces
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UG2 Marketing Sales Promotion Sales promotion is one of the five aspects or elements of promotional mix. Promotional elements are advertising‚ personal selling‚ public relations‚ sales promotion and direct marketing. Sales and promotion is the fourth one. Sales promotion is a fast process that makes the people to be aware of some kind of good and services and increases their interests in buying those good or service‚ sales promotion is for all kind of customers. Sales promotion is one of
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A Synopsis of the Case Study Manfold Toy Company Ltd. is a listed company in Hong Kong specialising in the production of bath and water toys. It was founded by Joseph Wan in 1983 and since its establishment‚ the company has experienced phenomenal growth. Despite its fast-growing business‚ Manfold’s management paid little attention to the internal control aspects of its operations. For example‚ when the company secretary‚ Vivian Chen‚ proposed to the Managing Director‚ Daniel Kot‚ to adopt
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Organizational Chart Business Owner: As a small business owner‚ you are the principal strategist and planner. You over see finance and accounting‚ also handle legal issues. The owner also is in charge for marketing and sales‚ customer service‚ and human resources. As a small business owner you have a wide range of varying duties that are critical for beginning and managing a successful business. Depending on the type of business and the stage it is in‚ the roles and responsibilities change and
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respective business background then to the challenges faced‚ and finally recommended HR practices to improve corporate effectiveness‚ competiveness and sustainability‚ this analysis has addressed aforementioned of following 3 toy companies: Panda Bear Toys‚ Caribou Toys and Grizzly Bear Toys. With limited background information provided‚ several studies have been treated as reference in this analysis‚ especially the studies of Gubman (1995) and Sheppeck & Militello (2000)‚describing the relationship between
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Toy Store/Department Survey When you walk into a toy store there is a distinct difference between what toys are meant for girls and boys. The boy aisle is colored blue and the girl aisle is pink‚ society has labeled blue as a boy color and pink as a girl color. These toy stores are subtly teaching kids what girls and boys should like by dividing the genders by colors. There are also different toys for different age groups‚ as kids get older toy stores determined
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Case Study “Great Eastern Toys” Designer Dolls’ Project – How to evaluate? Within the scope of Finance course‚ we are asked to apply our acquired knowledge in the analysis of the case study “Great Eastern Toys”‚ in order to build a solid decision concerning whether a new project should be taken or not by this firm. As a brief explanation‚ Great Eastern Toys firm is planning to extend its existing product line of plastic dolls by entering the market for designer dolls. Several studies were
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