¶ … Operations Decision" Assume hired a managing consultant a company offer advice make a decision shut completely continue operations. It 100 workers produce 6,000 units output month (working 20 days / month).
Operations decisions
Details of the business
Miller Inc. is a manufacturer of a fast moving soap, Socas which is available as a bar of 250g, 500g or 1 kg. The company is named after Michelle Miller who is an industrial chemist who invented the soap. The company's strengths include the seemingly endless funds that the company has from Michelle's father, Turner Miller who is the owner of Turner Pharmaceuticals, which was handed down to him from his father. The other strength of the company is that it has a strong board of directors who have wide experience in the fast moving consumer goods industry and hardworking. However, the company has one major weakness, which is that Michelle has been running it to the ground by being arrogant and not appreciating employees. Consumers love the company's products and over the last five years in which the company has been operating, they have managed to build a large consumer base that is loyal to their products. The soap industry is at a period of growth and there is potential for Miller Inc. To grow their business if they can venture into new and emerging markets. However, there is also steep competition from other companies with strong brands, which presents a threat to the company.
Environmental scan
The PESTLE analysis framework is chosen for conducting an environmental scan of the organization. The identified political factors are increased regulation of the soap manufacturing industry as a result of concerns related to safety of consumers using these soaps. Manufacturers are thus required to meet high production standards for their products. Secondly, the law provides for high minimum wages, which presents an issue of high expenditure on wages by the company. Economic factors identified are the recent recession which has reduced the purchasing power of consumers and stunted the growth of the industry. The economy has also had high rates of inflation, which reduces the dispensable income. The economy is now recovering from the recession and this has created growth in the spending power of consumers.
The identified socio-cultural factors are the values and beliefs of the consumers in high quality products, which create substantial market for the products of Miller Inc. There are no religion or...
Operations Decision Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firm's output is $32.
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