What specific recommendations would you make to Martin Kelsey in February ? Be specific and provide support for your recommendations using the supporting spreadsheet available on the website. These recommendations should be suitable for presentation for upper management at Foldrite.
Lay off only temporary workers. Inform workers of the need to lay off temporary workers. Provide assurance to full time workers of their job security. The expected increase in demand is highly likely to occur, especially because of the outdoor event supplier.
Its impact is high it might leave the company exposed if it does not meet the demand. The failure to meet demand will result in the destruction of company image. If this threat materializes, the company will have no option, but to seek credit.
Tight credit will affect the company operations, as it will be unable to meet most of its production. The impact of this risk is high because it has the potential to affect all functional areas of the company. Hiring additional staff would be beneficial to the company in the short run, but the probability of this happening is minimal.
This is because the company has minimal funds, and there are other ways of handling increased demand. This threat has a high impact as the company would have to justify their need and ensure it has enough demand to necessitate hiring more staff.
However, the exposure to the company is minimal because an increase in demand would mean it could afford to pay their full time pay. Currently, the company has idle production capacity, which the new staff could make use of and increase production while reducing production time. Employee fatigue is inevitable if the company opts to increase overtime hours.
The employees would have to work for longer shifts, and their off days would be reduced. Employee fatigue could threaten the company's overall production, as the employees would be tired and reduce their production yields.
The exposure of this threat is high because the company would suffer if it does not meet its consumer demand. Reduced yield would mean it is paying workers more for less production.
The last threat is laying off workers. This threat has been experienced before, and it normally reduces employee morale. The probability of this threat is medium, as it will only occur if more workers are hired and expected increase in demand does not materialize.
If this occurs, it would have a high impact and high exposure to the company.Publication Date: June 18, When students have the English-language PDF of this Brief Case in a coursepack, they will also have the option to purchase an audio heartoftexashop.com for folding and.
View Notes - PPT FoldRite Furniture Co rev han from FINANCE MM at University of Indonesia. PlanningtoMeetaSurgeinDemand GROUP2 1. 2.
3. 4. 5. IskandarMuda LindaAlan 33%(3). In some countries, teenagers have jobs while they are still students for different reasons. They work either need money to help their parents or to get experience. FoldRite Furniture Company: Planning to Meet a Surge in Demand (Brief Case) by Afarin Bellisario; Steven C.
Wheelwright AIC Netbooks: Optimizing Product Assembly by Steven C. Wheelwright, Sunru Yong The Morrison Company by Steven C. Wheelwright, Paul S.
Myers. CASE ANALYSIS FOLDRITE FURNITURE CO.: PLANNING TO MEET A SURGE IN DEMAND Submitted to: Submitted by: Dr. P. We will write a custom essay sample on Economics and Lead Time specifically for you for only $/page. Order Now. Transcript of Fold Rite Case.
Fold Rite Company Results Alternates Our Project Questions Place your own picture behind this frame!
Double click to crop it if necessary San Francisco Budapest Important.