This website uses cookies to ensure you have the best experience. Learn more

Austin Wood Products Organizational Purchasing Essay

1049 words - 4 pages

Before inventory productivity can be improved, one must take a careful and critical look at the specific business entity, which in this case is Austin Wood Products. In the case it stated that there is no way to know what is available in the storage room until you get there is a huge concern. There is usually a 50 percent chance of obtaining the needed lumber for a job, and this is interfering with productivity. In the area of inventory management, the purchasing professional should make explicit decisions. There are many things that the company must be aware of. Some things you must take into consideration are what to stock, how must to invest, and how much service to offer. In regards to what to stock, the purchasing professional, at the very minimum, must meet the requirements and needs of the manufacturer or distribution operation. Austin Wood Products failed to have any formal stock management technique in effect to take care of raw materials & done merchandise. The stock count is finished by hand & takes days. They weren't maintaining any stock record at all. The significance of demand conjointly was tough to foretell because it varied from year to successive. The metric was that the stock turnover that relates stock levels to the merchandise sales volume was turned numerous times every quarter. Austin Wood Products doesn't place a significant stress on maintaining correct inventory records. So, implementing an inventory control system can modernize the system. Once they develop and implement this inventory control system, inventory records are going to be upheld truthfully and that they will get the accurate standing of the inventory up-to-date. In order to maintain the steady continuous supply for production needs, appropriate records needed to be sustained and updates concerning withdrawals, supplies and existing inventory levels have to be made accessible for other departments in the smallest possible time. This would benefit the company in the long run. This should have been put in place a long time ago. In concern about the structure of the Austin Wood Products’ structure, I feel that there is a need to reorganize the entire arrangement of doing things. I feel that there should be a purchasing department all within itself. It should not be under the finance department. Since the company is operating in a make to order environment, there are variations in the demand and different types of materials are required to fulfill the order, where raw material supplies are based upon these production needs. I also believe that there is absolutely no need for there to be an information systems department. They are not delivering updates concerning inventory levels, sales, or the production needs. The company should follow the “Make to order” approach that would directly market the finished merchandise inventories to the customer and should not keep them in the warehouse. This can help facilitate Austin Wood Products to acquire...

Find Another Essay On Austin Wood Products Organizational Purchasing

This paper demonstrates using a SWOT (Strenght/Opportunity/Weakness/Threat) analysis to evaluate the stock value for Sharper Image Corp. Includes graph and refrences

1306 words - 5 pages million from $5.5 million. They only have a mere $2.2 million in debt, less than 3% of stockholders' equity (SHRP Reports Increase 2001).WeaknessesTrends toward sensible productsSharper Image Corp. has recognized a trend of consumers purchasing more sensible products. Because many of their products are luxury items that aren't needed by the customer, they aren't selling well. Sharper Image is combating this by means of realignment of product

E-Commerce Market Essay

1635 words - 7 pages and medium exporters typically ship "value added" products - less susceptible to economic slowdowns. During a recent slowdown they actually increased their exports by $12 million. 79% of small and medium exporters are dependent on the United States as their primary export market. Environmental Scan (Purchasing On-line) Social Forces Increasing competition is forcing higher standards in the global marketplace - TQM, ISO 9000.Globalization of trade

What are the difference between consumer goods marketing and business marketing?

1454 words - 6 pages and complexity of organizations and number of people involved often lead to a more complex purchasing process.Furthermore, many organizational controls are in place to assist professional purchasers-and evaluate them. Comprehensive vendor scoring systems are commonplace. Quality inspection at origin, cost accounting systems, and cash flow management has only crude equivalents among customers.The Nature of DemandDemand for business products does

Enterprise Recourse Planning (ERP) Implementation

2410 words - 10 pages support self-service application (Austin et al 2013).  E-Procurement/Vendor Management Inventory (VMI) • The supply chain between Cisco and its suppliers became more efficient by integrating suppliers into its own product systems; • A product test routine was automated and standardized, which allowed Cisco to deploy these to their suppliers. This made quality control possible from right back at the source of the products; • Direct fulfillment was

Ebay

1044 words - 4 pages same time be knowledgeable about the products so that the customers are exactly aware of what they are buying and the amount of money they are spending as well. Employees also focus on providing the customers with the freshest foods to ensure that what they are purchasing is the freshest that it can be. Also, employees are also required to be aware of special events and advertisements to ensure customers are saving money while purchasing quality

H.E.B

1044 words - 4 pages same time be knowledgeable about the products so that the customers are exactly aware of what they are buying and the amount of money they are spending as well. Employees also focus on providing the customers with the freshest foods to ensure that what they are purchasing is the freshest that it can be. Also, employees are also required to be aware of special events and advertisements to ensure customers are saving money while purchasing quality

Consumer Buyer Organization Behavior in Marketing Analysis

1939 words - 8 pages organisation management staff, they authorise the purchasing of any products or items the organisation wants. Decision is not decided by one person within themselves. Marketers have to understand that, organisation buyer put certain issues into consideration, before making any decision if they buy this desktop printer it’s going to add value to their business. That is why it’s very difficult for organizational buyers to make their purchasing

Supply Chain Management in Purchasing

2443 words - 10 pages of 'Coca-Cola' products in Great Britain, supplying around 240 million cases every year. As a successful large company, coca-cola does quite well in dealing with their ethics issues.This report focuses on how coca-cola Enterprise Ltd manages its purchasing ethics and organized into three sections: the first section examines some ethical issues relating to suppliers in coca-cola Enterprise Ltd; the second section introduces the five steps to manage

Core Consumers in India and China

874 words - 4 pages optimism that has helped to increase the number of credit cards in circulation in China and India. It is not strange to see Chinese secretaries making $800 a month buying $1,000 Gucci bags.” (Wood, 2012) The youthful shoppers, which are high end shoppers, are only part of the picture. There are still a lot of youth in smaller cities that don't have the money to spend on higher end products. So of course in these smaller cities the big brand name

Li & Fung Limited Case Study

2103 words - 8 pages . Positioning itself as supply chain manager, integration of operational strategy with its organizational strategies, customer-centric organizational structure, technology and Internet initiatives, and globalization efforts, which contributed to the company’s emergence as one of the world’s leading consumer goods trading companies. Finally, the case explores the challenges facing Li & Fung and discusses its future prospects in the light of these challenges

TOMS Shoes Public Relations Campaign

1183 words - 5 pages -profit, they are relying on the profit to deliver the shoes and products that make a difference. These marketing objectives will also get TOMS noticed more in comparison to the competition, increasing the awareness through advertising and other avenues will allow the consumer and target audience to be informed and see TOMS as an option when purchasing. Increasing the brand interactions will allow the brand’s message to be received more universally

Similar Essays

Mental Models/Mindsets Essay

1035 words - 4 pages implement the model, assess the model and continuously strengthen the model (Crook, Wind, Gunther, 2005, p. xxiv).Beadworks has taken strategic planning internally and implemented a big change recently. Beadworks purchased Austin Hamilton (a beads and jewelry making supplier) to maximize customer profiling. In addition, before and after purchasing Austin Hamilton (AH), Beadworks had to recognize the power and limits of a mental model for maximizing

Green Architecture Essay

931 words - 4 pages economy. (4) To promote a high quality of life for the citizens of Austin." (http:www.reddawn.com/featart11.html) A project in Hopland, California that exemplifies green architecture at work is The Real Goods Retail Showroom. Real Goods, a distributor of self sufficiency and energy conservation products, wanted a showroom that embodied it’s ecological ideals. The showroom will be built with non-toxic recycled materials and will have a

Assignment Five

2150 words - 9 pages unethical, and describing how these measures would be useful and reduce the amount of fraudulent activities. IT managers, acting as purchasing agents, frequently procure goods and services from many suppliers and vendors. Purchasing agents have the potential to enter into unscrupulous activities due to various financial, competitive, and organizational issues (ACFE, 2006). Several of these dishonorable methods take the shape of corruption

Purchasing Department Essay

1415 words - 6 pages several different companies, it is probably getting charged more. Purchasing the same item from only one company will result in savings for the number of items bought because many companies give a discount for large quantities of items purchased.When using the same companies for purchasing, a rapport between the two is possible. When a supplier knows that his/her products will be needed by a certain company, he/she will be more likely to have those