Forecasts of potential contracts

Assignment Help Business Management
Reference no: EM133147979

Based on forecasts of potential contracts, the CEO of Kibby and Strand is considering an option to lease the building next door, but he has concerns there may be some slack in current production capacity that could be utilized, negating the need for the addition space. There are also some newer technology cutting and sewing machines available with higher capacity the company could purchase, but they are expensive. So here are the CEOs options:

-Do nothing to increase production, but the downside is lost contracts.

-Lease the building next door, then expand production by purchasing the same technology cutting and sewing machines as the company has now.

-Try to squeeze more production out of the current production department setup. This may require overtime pay, and would definitely increase the maintenance costs on the current machines.

-Replace all the machines in production with newer higher capacity machines and remain in the current production space.How do you decide which option to select without reliable and valid data on the current production department? You can't, and that is the CEO's dilemma.

Reference no: EM133147979

Questions Cloud

Responsibility end and corporate responsibility : A growing number of businesses-including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains-are feeling the
Competitive labor cost advantage : When China, Vietnam, Laos, Bangladesh, etc. lost their competitive labor cost advantage (due to increased middle class wealth and higher wages in these countrie
Prepare an artefact of the research study : Prepare a final report, model, or artefact of the research study - key aspects of the design, conduct, research and analysis and will be presented
What are two characteristics that lead to failure : (1) What are two characteristics that lead to failure as a successful leader?
Forecasts of potential contracts : Based on forecasts of potential contracts, the CEO of Kibby and Strand is considering an option to lease the building next door, but he has concerns there may b
International branches of a multinational firm : Do you or do you not agree that all international branches of a multinational firm adopts a standard culture to ensure operational success?
Apply the relevant project management and research : Complete research evaluation tasks in a timely manner and then apply the relevant project management and research tools and techniques
Making a difference in the community : Some women are excited about meeting new people, making a difference in the community or self-development. What excites you most?
Describe impact of covid-19 on it and business : Describe Impact of COVID-19 on IT and business service spending 2019-2024?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd