MBA 513 Group Assignment 1 (Team I & II) Stonehaven Inc. Case Study (names of both group members) Group 2: Yunping Yao, A20249251 Background Information Stonehaven, Inc., headquartered near Boston, is a major manufacturer of popular brand name non-athletic shoes for adults. Most of its products are sold in the U.S. market. Mission To response to the uncertainty of shoe designs and growing uncertainty in each style, shorten the order-to-delivery lead times in the production process. Current Operating System Cutting Section | |Time Consumption (min/batch) |Cycle Time | |Machine 1. Cut shoe leather |41 …show more content…
Batch Size Only in the stitching section there are inventories between different groups’ work. If the company still keeps each batch’s size as 100 pairs, the average work load for each worker in work group 1 now is 25 pairs, but in work group 2 is only 20 pairs which means that there will be 5 pairs of shoes as inventories from work shop 1 to work shop 2 in the stitching section. To shrink the batch size, there are also several advantages: ➢ Each section’s capacity is not affected: the stitching section is limited to 125 minutes. ➢ Reduction Influence: only to the calculation of numbers of batches. ➢ More flexibility: if the size of each batch could be reduced to 20 pairs per batch, more flexibility will be obtained to cope with the market demand uncertainty. Cutting Section: reduce the batch size from 100 pairs to 20 | |Time Consumption (min/batch) |Cycle Time | |Machine 1. Cut shoe leather |25 |Critical time for each batch’s completion| |Machine 2. Cut linings |24 | | |Machine 3. Cut insole |19.2 | | When we reduce the batch size from 100 to 20 pairs, the new results will be shown as follows:
From this part of Graede’s account, all these people were very award of their circumstances, and yet, they kept it together until the very end of their lives. Families clustered together till, quietly and complacently, until they met the end with a bullet. They knew it was too late for them to do anything about their situation, but in truth, they had not been able to do anything about their situation of constant persecution from the Nazi government for years. Graebe continues his recounting of the mass shooting,
Differentiation was achieved by creating a completely new type of fashionable and functional shoe that was extremely comfortable to wear and fun because of its bright colors. in addition, because of Crocs’ innovative inventory replenishment system, which allowed retailers to order what they needed and get new stock in a couple of weeks, retailers did not need to
Traditionally, the shoe industry was seasonal and based on projections of future trends. Retail stores would need to place orders several months before the shoes would even hit the shelves. As orders were made early in the year, manufacturers would begin production for shipment later in the year. Since inventory supply depended on expected sales, stock could not be quickly replenished as it ran out. The executives at Crocs decided to branch out from the traditional production schedules and develop a lean production model. As sales increased or decreased, Crocs managed to speed up and slow down production throughout the year to quickly replenish depleted inventory. Since the shoes were easily made with the foam mold design, rapid production and order fulfillment came easily for Crocs. This approach attracted the attention of many footwear retailers. With Crocs shoes being made to order, stores could more easily control inventory without worrying about a
* Continued investing in TQM quality control to reduce manufacturing costs of Extreme Kicks’ footwear.
As of late, Stone Mountain has been repeatedly mentioned on the news and social media concerning the NAACP’s request that the Confederate Memorial Carving and other Civil War symbols be removed as it pertains to the racial conflict that presided over the Civil War. Without a doubt, Stone Mountain proves itself to be an important historical site for America’s history with its origins dating back to the time of the Native Americans. Stone Mountain can be remembered by history has a location where the Creek Confederation and the Cherokee people met. As more land began to be opened for white settlement, an influx of white settlers began moving in and establishing a town at the foot of Stone Mountain. Atlanta, known as the railroad hub of the South, has many railroads going from Atlanta to different parts of Georgia with Stone Mountain being one. This later led to more business for the town of Stone Mountain as people from the city started to visit the great mass of granite. Granite was a needed rock
The use of substitutes in the footwear industry is very high because of the large number of companies and similar products in the industry. There is a great deal of rivalry and the customers’ bargaining power is high. If the store experiences a large demand for unusual small or large sizes not kept in stock and cannot fill these request within a reasonable time frame customers could stop patronizing the store. If competitors with similar business models locate in the same area this could pose problems for the shoe store. If Johnson’s misjudges the path of current fashion and over stocks shelves with the wrong products, this could cause problems in moving merchandise.
| Since break-downs occur at the initial step, the rest of the process gets delayed causing longer customer lead time and extra shifts are required which increases labour expense.
1. In theory, to fund an increased dividend payout or a stock buyback, a firm might invest less, borrow more, or issue more stock. Which of these three elements is Eastboro management willing to vary, and which elements remain fixed as a matter of policy?
Christopher Johnson McCandless walked alone into the Alaskan wilderness with very little equipment and food after traveling to various parts of North America during the course of two years. Regardless of living on his own with not many things for a couple of years, Chris died alone in a bus on the Stampede Trail in Alaska. Author Jon Krakauer wrote a 9,000 word article titled “Death of an Innocent” for the 1993 issue of the magazine Outside. Into the Wild is simply an extension of that article which explains what provoked Chris into living such a life, who he was, and how he died. The author proves to the reader that Chris was an intelligent man by explaining his research about edible plants and his ambition which builds up Chris’s
Crocs’ value chain management system allowed it tremendous advantage in meeting customer needs (Business Pundit, 2008). By controlling all aspects along the value chain, Crocs could quickly adjust to customer demand, building additional shoes and fulfilling extra orders within a single selling season (von Briesen, 2009). This allowed retailers to order smaller
Sales for the Executive Shirt Company are constituted of only a few basic styles and colours. Hence the company has a limited number of varieties to produce. So, it has large batches of each kind of shirt (size and color).
However, the link between what needs to be achieved and how marketing knowledge and skills can be utilized to deliver appropriate outcomes remains unclear. In contrast to this, there is a range of abilities, such as communication issues, about what explanation is needed if the implementation issue is progressing forward. The quality of Asics shoes is impeccable and that message has been portrayed well. They have had issues have an emotional connection, as a brand, to their customers, both the ones they aspire to sell to and their current customers. They need to implement a stronger expertise in consumer experience because the dynamic of retail shopping is evolving and it is important to deliver the ultimate experience a customer can
2) The company can explore the possibilities of reducing the product range in terms of sizes based on profitability of each item as per size.
Second, in fulfillment, we can also see speed in responding to demand. For example, the replenishment, as well as production will be optimized according to supply and demand as quickly as possible. Besides, the fulfillment will commonly completed in one or two days, clothes flowed quickly, and without stopping, from factories to DCs to stores, where they were immediately put on the sales floor. Third, in design and manufacturing, we can find how Zara respond quickly to demand. Zara brought out new items continuously throughout the year, including both changes to existing garments and entirely new creations. The network of production had made design from conception through production and into the DC in as little as three weeks. Besides, Zara did not have to predict what would be selling six months, or even one month, in the future; it could continuously sense what customers wanted to buy and respond “on the fly.” All these operations reflect the speed-chasing and target-oriented nature of Zara business.
Unlike its competitors, Crocs had a highly responsive and flexible supply chain. Owing to the Crocs executives’ experience in electronics industry, they were accustomed to producing what the customer needed and when it was needed. Thus the business model was focussed on customer needs and responded promptly to changes in demand and trends. The retailers of shoes, therefore, had neither the pressure to forecast exact demand nor the obligation to order bulk orders several months before the selling season.