Executive Summary Rob Pincombe, purchasing manager at unifine Richardson is responsible for procurement of honey from its suppliers. Unifine purchases one million pounds of honey annually with at 50:50 blend of Chinese and Canadian honey which costs him $1.08 per pound. Unifine, apart from in-house usage of honey, sells 80% of its honey to one large franchise and his customers demand product consistency. With Chinese supply blocked, which is a major supplier of honey to world meeting 20% of honey demand, honey suppliers can demand a high price. Unifine’s purchasing from a single source in the past, exposed its buying strategy to unforeseen risks from sudden fall in market supply, and also proves that Unifine Richardson is no more …show more content…
Honey is used in all of the Unifine’s products and its taste matters a lot to its consumers. Looking at the cost; honey costs 3-5% of its total expenditure, honey is like a commodity which is available from different sources but taste and price is the main criteria for buyer. So it falls under Leverage supplies and is important for Pincombe.
There is an urgent need to develop diverse supplier base to ensure uninterrupted supply; Pincombe needs to decide his short term and long term strategy. From the available options given by Harrington, Canadian- Argentinian blend does not taste good, so it is not an option. Canadian and US honey is available at a price of $1.75 CAN per pound and $1.10 US ($1.79 CAN). Keeping in mind fluctuation in US dollars and exchange rate, best option is the Canadian honey. Both taste good and looking at the price Pincombe should go for Canadian honey.
Long term strategy should include shaping the supply strategy by proper classification of product, doing market analysis, strategic positioning, and developing an action plan for securing uninterrupted supply; Pincombe should consider backward integration if buying raw honey and pasteurization can ensure proper ROI.
Recommendation:
To ensure continuous supply of honey, Pincombe should lock price of Canadian honey for at least six months, try to develop a diverse supplier base, and develop a long term supply strategy to avoid similar situations in future. Looking at the
The core issue Unifine Richardson (UR) faces is their sole honey supplier, Harrington Honey (HH), will run out of Chinese honey in a little over a month because the Canadian Food Inspection Agency (CFIA) recently found traces of chloramphenicol (a banned antibiotic associated with causing a sometimes-fatal blood disorder) and rejected the contaminated honey. Until China finds a way to detect contaminated honey, Unifine Richardson cannot sell any of its current Chinese-Canadian blend. Because of the CFIA’s findings, the global supply of honey will decrease by 20%, thus causing an increase in price. Harrington Honey will not be able to maintain the honey stream.
Robert Edward Courtney, 70, who pleaded guilty to sexually assaulting his employers’ six year old daughter in Melbourne last year, has been resentenced to two years imprisonment as well as a non-parole period of 15 months.
I received from Loretta Henderson, Ms. Rachal Ball’s sister. Ms. Rachal Ball, has an open case under case#38676; which seems to be in closing with Christy and in transition to you Anna for an ongoing case. Ms. Henderson contacted the GAO with concerns regarding this Child Welfare case and more specifically, the placement of her niece Aunika.
Reporter stated the following: The incident is ongoing according to patient, Christie Sewell. Christie states residing with her spouse and 13 year old daughter Skylar. Also in the home is Christie's elderly mother. Christie states that she has been an alcoholic for some time, but the past few weeks have been bad (alcohol consumption).
After review the information on past and estimated in the future, company, products, competitors and branding, I recommend the following strategy:
“Supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because of wild behavior you could lose a lot. It would be like pouring cement down one of your oil wells” (Friedman, T. n.d.). The introductory quotation from American Journalist Thomas Friedman establishes the purpose of this essay. This essay will briefly exhibit two factors that would change the demand for the product produced by GNC (General Nutrition Center); as elaborated upon in the last Session Long Project (SLP) this is the franchise I’ve selected for study during the duration of this session. Next, will be a short overview of activities that would affect changes in supply. After that, how could quantity demanded by changed? Finally, the type of demand the GNC product promulgates whether it is elastic or inelastic. First, let us dive into the two factors would change the demand for the GNC product.
The victim, Ms. Jamie Richardson contacted this agent via telephone. Ms. Richardson states that the Subject continues to stalk her, text her, and leave threatening voice messages. Ms. Richardson states that she and the Subject were living together, because of his behavior she asked him to move out of her home. However, she states the Subject refused to move, so she has left the house and moved in with her aunt. She also states he has harassed her by driving to her employment and parking the car in front of the
The current strategy of the company is to enter foreign markets and to succeed there. The corporate main strategy is to provide high quality product to its customers.
To develop such strategy mix of strategic options will be applied including Integration to deal with competition and Intensive + Diversification strategies for product and market development.
Strategy formulation has been acknowledged as one of the most crucial factors of ensuring the long-term growth of the business. However, the manner in which strategy is formulated, and most importantly, the nature of the strategy chosen for the company determines its future position in the marketplace (Grant, 2005).
Due to the growing competition and diminishing market share, companies are opting for different strategies to achieve their survival objectives as well as growth. Companies are thus executing grand strategies to provide their businesses with a clear direction for its strategic actions. These strategies, therefore, aim at both short term and long term sustainability and growth, and they include innovation, market development, product development, and concentration.
| WT Strategies: * Innovate and relaunch new products. * Keep contact with potential suppliers for long terms. * To do contract with suppliers.
Brit Amos begins talks about the loss of foods stating that “Commercial beehives pollinate over a third of {North} America’s crops and that web of nourishment encompasses everything from fruits like peaches, apples, cherries, strawberries and more, to nuts like California almonds, 90 percent of which are helped along by the honeybees” (Amos). Honey bees are much more famous for producing honey. However, most people do not know that “the benefits of honey go beyond its great taste” (“Health Benefits of Honey”). For example, “The 3 key health benefits of honey are related to the fact that: 1. Honey is nature's energy booster 2. Honey is a great immunity system builder 3. Honey is a natural remedy for many ailments” (“Health Benefits of Honey”). It is interesting to think that something as small and insignificant as the honey bee can provide us with so many basic needs.
First, functional level strategies appear in specific tasks or operations within several departments such as human resources operations, and finance providing valuable input in line with higher corporate level strategies (Bradley, n.d.). For Coca-Cola, there are other functional departments to include, for example, a research and development (R&D) and marketing. The daily operations at this level of strategic planning can influence the decision-making process by promoting changes or by keeping up with the status quo procedures to gauge other possible departmental findings. Within Coca-Cola, there are advantages and disadvantages incorporating stability strategies. Next, what are stability strategies and
This first strategy calls for the creation of more sales without changing the original product, which can achieved through the four P’s of marketing. The next strategy, market development, allows the supplier to find new markets for their current products by using demographic markets to see where the greatest revenue will be based on the target group you are selling to (seniors, teens, etc.). Product development is the next strategy which focuses on new products the modification of current products. This strategy is rather important as without evolving products to meet the ever changing needs of current and potential companies can see a loss in sales and would limit their ability to be competitive in the market. The final strategy is diversification. This strategy calls for companies to attain current or new businesses allowing them to “diversify” their offerings and break into new markets.