Preview

Supply Chain Task 2

Good Essays
Open Document
Open Document
1092 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Supply Chain Task 2
A1.
I made my brand design decisions in the simulation by taking into account what the customers were looking for in a product. The simulation provided me with information as to what was important to the customer and what the customer wanted in their ideal computer. I then took that information and made sure that I included all of it in the product. In the first design which was aimed at the Mercedes target market; I did not make the screen size as big as the customer wanted it. When the simulation showed me my product compared to my competitor’s product, my competitors were in the lead. After seeing this information I changed the design to the screen size and made it bigger. I also included some extra games and made the keyboard more user friendly. My results after the changes were favorable. After making a few changes to the advertising as well, we emphasized on those factors that were important to the customer including the screen size. We then started to do better than our competitors. The simulation showed that we were the preferred brand within customers of the Mercedes and the Travelers market. For the Workhorse market I determined the design decisions just as I did the Mercedes and Travelers market. I made sure to include everything the customer was looking for according to the information the simulation provided me. Our product aimed at the Workhorse market did well and was the preferred brand from the time it was introduced.
Our success compared to our competitors was very good. We were the preferred brand in all three markets. The reason for that was I made sure to include all the customer was looking for in a product. Our competitors simply created the computers according to what was at the top of the customers list. They also did not include any extras as we did. Our competitors simply focused on what was most important and built the computers according to that information.
I could have produced better results if I had been more detailed from the

You May Also Find These Documents Helpful

  • Better Essays

    Supply Chain Task 1

    • 2621 Words
    • 8 Pages

    In Quarter 2 I projected a demand of 350 units for my primary target market, the Mercedes group, and 170 units for my secondary group, the Traveler. My total forecasted demand was 500 units, and my available operating capacity was 520 units. I decided to sale my product to the Mercedes group for $3800.00/unit with a $100 rebate/unit and sold my product to the travelers for $3000.00/unit with a $100/rebate. I operated at 100% capacity for Quarter 2. I sold out of both products, under estimating my consumers. For the Mercedes group, I lost out on 158 sales and for the Travelers I lost out on 74 sales. At the end of quarter 2, I was still operating at a loss, but had significantly cut my loss from $-338,500 to $-195,018. Thanks to the common stock I sold this quarter, I still had a cash balance over a million dollars which helped me make changes for quarter 3.…

    • 2621 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    2. Compare the concept if a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences.…

    • 279 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Supply Chain Task 1

    • 1619 Words
    • 7 Pages

    To evaluate how I utilized both budgets and pro-formas to ensure the adequacy of funds for providing production capacity that was needed to achieve the businesses goals. I want to first start with the definition of both pro-forma and budget; A budget is a basic idea that covers more than a few areas, all in all it's a financial plan that is made to control costs for operations and results. It can be expressed in a multitude of numerical terms, it also can cover a certain period of time, short, intermediate and long term goals. A pro-forma is also a financial statement but it is prepared based upon assumptions of specific events and transactions that will hopefully occur in the Future, so basically a projected estimate using historical data to form a hypothesis of A financial outcome. The importance of both the pro-forma and budget were huge. Knowing going into the simulation how much seed money was going to be issued and how much additional money was coming in future investments, gave me an idea of how aggressive or conservative I could be. I was able to to set with an initial idea of how much I could spend for each factor needed moving forward. I was able to understand how much to market, how much to hire and how much I could afford for each of these tasks, as well as how much was coming into pay for future marketing and hires. Without advertising there are no customers, without a good sales and service staff there are no sales, or an ability to take care of the customer. In the opening quarter of the company I had a 2 million dollar start-up fund. My upfront expenses were approximately $530,000. I also chose to invest in a 3 month CD about $880,000, I made sure in my first endeavor to keep money available and not to over indulge. I took similar approaches going…

    • 1619 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Supply Chain

    • 858 Words
    • 4 Pages

    Metrovox is a German electronics manufacturer that designs, develops and manufactures a range of products for the entertainment and home electronics sector. Management has recently focused on two related products, Bugabyte and Terabyte Lite. The Bugabyte is a video and audio player with a flash drive. The company has invested heavily in the research and development of this product, which is a small hand-held unit about the size of a credit card. It is about 50 percent thinner than their competitor’s offerings. The Terabyte Lite is a flash drive and mp3 player. Metrovox sells this product to a distributor in North America and to a major European retailer.…

    • 858 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Best Buy, Inc.

    • 508 Words
    • 3 Pages

    They have been very successful in a series of acquisitions. They have the ability to effectively determine where to expand. They have become a global company with acquisitions in Canada and China. They have many different markets with consumer electronics, Geek Squad Centers, Builders and Remodelers with Pacific Sales Kitchen and Bath Centers. Also acquired Speakeasy Inc. Provider of broadband, voice data and information technology services.…

    • 508 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Consumer Behavior

    • 408 Words
    • 2 Pages

    How successful do you feel CNS has been in trying to put their product in each of the markets it has entered? How does this success relate to brand equity?…

    • 408 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Breath Rigjt

    • 631 Words
    • 3 Pages

    How successful do you feel CNS has been in trying to put their product in each of the markets it has entered? How does this success relate to brand equity?…

    • 631 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    When we enter a new market, benchmarking will be useful for us to give the idea how to make a decision by learning the competitors design their marketing plan. However, in this simulation, I realize that not all of the competitors did is the right thing. For example, we always looked at the promotion budget and the sales force allocation of a competitor who got the biggest market share in the market and tried to spend the same or more money compared to them. However, when we played the game, the result was disappointing. We did not get the result as we expect, even after we played several periods. Number of stores that carried our product was still low. As a result, we got negative contribution. Then, we decided to cut the budget and allocate the sales force based on total number of stores in the market. The result was shocking because we got better result after we cut the budget. Thus, we realize that benchmarking is not always true. We still have to make a decision by analyzing data that we have instead of completely relying on what competitors did.…

    • 559 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    supply chain

    • 6265 Words
    • 28 Pages

    1. CORRECT: must be aware of the firm's overall business and corporate strategies and the supply chain in which it participates.…

    • 6265 Words
    • 28 Pages
    Good Essays
  • Satisfactory Essays

    Inventory: The Basics Inventor IE 5107 Material Flow Systems Dr. Boray Huang Industrial & Systems Engineering National University of Singapore Standardization Standardization  When to standardize? When to customize?  The advantages of standardization: Product Life Cycle Matching Matching demand with supplies Unit Cost Unit Price…

    • 3114 Words
    • 13 Pages
    Satisfactory Essays
  • Better Essays

    supply chain

    • 4023 Words
    • 21 Pages

    seen in the 20 years or so since that term started being used? SCDigest did a lot of…

    • 4023 Words
    • 21 Pages
    Better Essays
  • Satisfactory Essays

    A project on Supply Chain

    • 21054 Words
    • 85 Pages

    First of all we would like to express our thanks to personnel at Dalda Foods…

    • 21054 Words
    • 85 Pages
    Satisfactory Essays
  • Good Essays

    Supply Chain

    • 670 Words
    • 2 Pages

    In the scenario, Miliken Textiles is a large fabric manufacturer that manufactures clothes for sales in major retail stores. There are six ‘style seasons’ during a year but Miliken has an 18 week lead time and that prevents it from timely resupplying the more popular designs at the retail stores. This would not do because by the time Miliken is able to resupply the more popular designs, two or more style seasons would have already gone by and the supplies manufactured would be out of season. The company would have also missed the two or three style seasons that have already gone by. The only way to resolve this issue is to reduce the lead time by 15 weeks to being only 3 weeks lead time.…

    • 670 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Consider the purchase of a can of soda at a convenience store. Describe the various stages in the supply chain and the different flows involved.…

    • 1510 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Supply Chain

    • 745 Words
    • 3 Pages

    This implementation won the award for innovation by the US Supply Chain Council (SCC) SCC, a renowned global nonprofit organization, has established the supply chain world’s most widely accepted framework for evaluating and comparing supply chain activities and their performance - the Supply Chain Operations Reference (SCOR®) model.…

    • 745 Words
    • 3 Pages
    Good Essays