Their direct competitors consist of other auto parts stores that sell direct to consumers, big chain retailers that offer basic parts at discount prices and salvage yards that sell used parts direct to consumers. Other direct competitors are service centers that don’t sell parts to consumers but the sell installation services (and keep an inventory of parts themselves). Indirect competitors are new/used vehicle dealerships. An auto part store is immediately affected when one of their customers decides to stop maintaining their current vehicle and purchase another one. A1.
Minit-Lube Case Study Patricia Zavalza Benedictine University MBA 630: Operations Management January 17, 2013 State any business problem that the enterprise needs to resolve. The business problem Minit-Lube currently has is that they are not achieving competitive advantage, in a competitive market. The idea is to charge no more and less than their competitors without sacrificing differentiation and responsiveness to those they serve. Briefly summarize relevant background information from the case. Minit-Lube stations are service providers that perform oil changes, lubrication, and interior cleaning for their customers.
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The restructuring of Auto World will have an impact on their current earnings and the store closures need to be properly disclosed. FASB ASC has specific guidelines that must be followed to report discontinued operations. According to numerous ASCs, Auto World’s closures of the Pit Stop Centers should not be reported as discontinued operations in Auto World’s second quarter financial statements. Rather than being reported as discontinued operations, the Pit Stop Center stores should be considered as continuation of operations. An entity that is classified as disposed or held for sale, under ASC 360-10-45-9, should be reported as discontinued operations, under ASC 205-20-45-3, when the two conditions under ASC 205-20-45-1 are met.
The company was unable to maintain and manage the bonus incentive plan that they had in place before the crisis. The employees started to complain about the company’s policies and its situation also by underperforming, which in turn leads to low productivity. The manager Ron Bent had to figure out a way to address these problems, and come up with solutions so that the company can continue operating and supplying its clients. PROBLEM IDENTIFICATION Engstrom Auto Mirror Plant was facing the problem of not being able to keep their employees motivated in both good and bad times. The bonuses were perceived as being part of their regular paycheck, not rewards for high performance, which in long-term lead to de-motivation.
Firm overview and Introduction to the Case The main player is Joel St. Marseille who is the founder and owner of Skadurz Pro. Skadurz Pro is a a custom skateboard, snowboard and clothing store. Skardurz currently faces the following issues; • Increase in local competition is reducing the advantage that Skadurz Pro had over it's online competition. • Retirement of key employee leaves a void not easily replaced because management is limited to family members. • The prices are not as low as competitors because its a small, local business with less volume.
If this is not done regularly the company may lose potential customers. The people who they hire to maintain the website will be an external source. MSM driving school will state what they expect to have changed or updated and will give them a certain space of time to have it done in. When this is happening they will need to warn customers that the website will be down for a few weeks and an alternative way to get information. If they do not update the information when needed they are giving false information losing them their future customers.
Parts Emporium Contents Abstract 2 Introduction 3 Company Profile 3 Problem Statement 4 Solution 1: 4 Calculations 6 Solution 2: 9 Conclusion 11 Abstract Parts Emporium, Inc., is the largest independent distributor of automobile parts in the North Central region. Parts Emporium has an inventory management system in order to plan and control their inventories to meet the competitive priorities of the organization and the demands of the customers. Parts Emporium currently uses a periodic review system (fixed interval order system) in order to manage their inventories. Even though the warehouse utilization of Parts Emporium has increased, their sales stopped growing and became dormant. This is due to an ineffective inventory management system.
Week Six Assignment Selling Executives On Project Management Table of Contents Introduction 3 Fundamental Reasons Analysis 3 Possible Strategies 5 Conclusion 6 Introduction The success of many organizations hinge on the organization’s ability to adapt to changes in technology, market and industry trends. This paper will discuss how Levon Corporation’s reluctance to implement project management functions kept them stagnant in the industry and almost a non-competitor to their peer organizations. Levon Corporation was unmoved in their position until they realized they were on a steady decline which resulted in them bringing in project consultant to listen to the benefit of implementing project management functionality in
Case Study Project 04/04/2011 An Analysis of Case Study 1.2 “Volkswagen struggles to get back on the road” Volkswagen (VW) – the people’s car. There is significance of meaning in this name that ties in not only with Volkswagen’s historic past, but also provides insight into problems that the company faces in our relative present. Our focus in this paper will be analysis regarding the subject of Volkswagen as presented in Case Study 1.2. This analysis will draw on the circumstances behind Volkswagen’s establishment and highlight concepts such as corporate governance and corporate mergers. We will explain how corporate governance has played a significant role in shaping Volkswagen, in terms of strength and weakness during the time this textbook was published; and to conclude, we will provide an update emphasizing how mergers have played a role in where Volkswagen is today.