There exists a management problem because when Kathy is sick or on vacation, no one can order replacement inventory or deal with major business issues. While there are many areas, just within California that would make great sites for future stores, it becomes more and more difficult for Kathy to visit each store and maintain inventory and ordering. While KFF is planning to open the Carlsbad location and close down the Del Mar store, they are also considering San Francisco as the next “out-of-the-area” expansion, which will make it difficult for Kathy to use her current management
The first area concerns the chains inability to adapt to change. The layout of the stores has remained unchanged for the past 15 years, despite the change that competing stores have made to their layouts. A grocery management system that is implemented, used, and adhered to is recommended. The second area concerns the roles of the district store supervisors and their store managers. Store managers have been deprived of the opportunity to advance due to the lack of training and the general development of managerial skills by their supervisors.
However, a determination should be made regarding the viability of these items in all stores. If sales are low in certain areas, this could lead to loss of profit due to overages. Company Q has also declined a request by local food bank to donate day old products because they fear theft by employees. Company Q could take a few simple steps which would support their need to improve profit, engage their employees in a shared corporate vision, and build a supportive relationship with the community. Recommendation 1 Company Q should establish an ethics program.
Company Q currently does not seem to be as socially responsible as it could be. It has recently closed a couple of stores in a higher-crime-rate area, because the stores were supposedly losing money. It has also chosen not to donate outdated products to the local food bank because it fears employees may steal food, claiming that the food is for donating to the food bank. In evaluating Company Q’s current attitude toward social responsibility, I found them to be lacking in some areas that might help boost the companies ability to have a more cohesive ethical culture with in the company and therefore be able to retain more revenues as a result. The first action that Company Q could take to improve its attitude toward social responsibility would be to donate the outdated food to the local food bank.
Adaptation Strategy Wal-Mart has recognized the shift in the spending habits of our consumers. They have realized that many consumers no longer purchase the products they want, but strictly the products they need. Wal-Mart’s strategy is to provide the products in high demand at the lowest possible cost. The company adhered to their strategy by implementing tactics such as, increasing the inventory in areas of necessity, such as food, health, and beauty, and decreasing the inventory on items such as apparel and home décor. Food consumption is not an option; it is essential.
My goal is to first analyze five areas that affect my company to help maximize the efforts to being my deli into the 21st century, successfully. The areas I will be outlining are: * Buying Power * Supply Power * Thread of Substitute Products or Services * Thread of New Entrants * Rivalry Among Existing Competitors Buying Power as it Relates to HomeTown Deli: Buying power by definition is the power customers have to create demand for an item or product. Since HomeTown Deli was not and is not geared towards a specific client base or high end customers, the buying power is limited because the product we serve (as a whole) cannot be considered a standard that is readily available by any other deli or shop in our demographic area. Therefore the marketing strategy should be to build on our community ties and loyal customers with direct marketing as suggested in the book Strategic Management Theory: An Integrated Approach (9th Edition). Supplier Power as it Relates to HomeTown Deli: The suppliers are the companies that provide businesses the products and materials they need to run a
Above all indicates some problems exist in Fit Food, Inc. financial reporting. Behind financial data managers in divisions take various “skills” to meet the assigned sales targets by data manipulations, which are not only the problems of each divisions but also the deficiency of entire control system. Reasons and Recommendations A. The deficiency of entire control system Although the company has established financial results-based control system, the system is still undeveloped and cause negative effects. Managers took gamesmanship to improve their performance indicator without producing any positive economic effects.
Captiva Conglomerate I. Major Facts A. Captiva Conglomerate awarded a $1M contract to S.O. Software (SOS) to develop/supply a custom inventory management and spare parts management system without using a cross functional team (CFT) approach. a. SOS design was to cut inventory and improve support by “More Uptime” b. System not user friendly by the average employee c. Overall system design does not meet end users need d. Only 2 people at Captiva reviewed and/or initial and/or signed the contract: Jana (IT)/Gerry (President) e. Contract is over budget B. Al Carpenter, Materials manager called a meeting to discuss the following: a.
As well as hire one person to do such things as this and payroll. At the current time if Kathy Kudler does happens to get sick or go on vacation things would not get done. The business would be hurting if that were to happen. So what I recommend is that they set up the network and hire the needed people have the business run without her there at all times. This way she would not have the extra worries if she was not their to make sure it was all done.
Internal Control and Risk Evaluation Diana Thomas ACC/542 Accounting Information Systems Eva King December 23, 2013 Internal Control and Risk Evaluation The evaluation of Kudler’s Fine Food, is an important process that is needed to have a successful internal control and risk evaluation. Kathy Kudler has lack of internal control and risk evaluation that is needed to run her system properly. Risks are not a negative event that occurs in a company. Internal control is a company’s policy and procedure to help reduce the unforeseen possibilities that could occur. Kathy Kudler needs to have control over simple corrections such as her bank deposits, balancing cash drawers is a couple of examples.