Shuzworld Analysis: Distribution, Reliability, Ordering, Waiting Lines JGT2 Decision Analysis, Task 2 Introduction: Shuzworld is a national retailer based in Omaha, Nebraska that focuses on selling shoes, boots, and sandals. In addition, the company produces its own line of products that include work boots, sandals, rubber boots, and rainwear; along with sport and adventure footwear (MindEdge, 2014). The purpose of this report is to provide recommendations based on several analyses involving the company’s distribution patterns, machine reliability, ordering patterns, and cashier waiting lines. A. Distribution Pattern: Shuzworld produces one of its major lines of women’s shoes at all 3 of its production facilities in China, then transports the shoes to the company’s 3 central warehouses for further distribution to regional warehouses and retail stores.
Question 4: Chavez Co. produces and sells duffel bags that are priced at $60 each. Chavez has received a request for a special order for 500 duffel bags at a price of $48 each. The current unit cost to produce a bag is $32 (direct material, $20; direct labor, $8; and unit-related overhead, $4). Chavez Co. has the capacity to produce the special order; however, one additional production run will be required costing $2,000. Should the order be accepted?
If this proves to be profitable, they want to be able to change their transportation schedule. This is my recommendation to use the minimum monthly cost of transportation and delivery plan to achieve this goal. Another pressing challenge is the fact that the plant was the first object of Shanghai Shuzworld in China, but they also have two other plants in Hangzhou, Fuzhou: Shuzworld H and Shuzworld F. One of their main lines of women's shoes made in all three plants. In turn, the shoes are sent Shuzworld three central warehouses for distribution to regional warehouses, and then in the offline retail stores and shopping center. Below, in the first graph shows monthly production capacity Shuzworld these shoes at each of its plants and their monthly requirements to meet the demand at each of its stores.
Unrelated diversification is where we have no previous industry, nor market experience. For example a soup manufacturer invests in the rail business. |Strengths |Weaknesses | |Reduces reliance on one business |Firms attention may be diverted to the new venture | |Help a firm in a saturated market to regain growth | | Ansoff’s matrix is one of the most well know frameworks for deciding upon strategies for growth. The Nike Shox TL2 is in the product development as it’s a new and upgraded version of running shoes which is full of new unheard of features. Evaluation of Marketing Models (Strengths and weaknesses) Pros/cons of Product life
Shuzworld Analysis: Workflow, Cost, Staffing JGT2 Decision Analysis, Task 1 Introduction: Shuzworld is a national retailer based in Omaha, Nebraska that focuses on selling shoes, boots, and sandals. In addition, the company produces its own line of products that include work boots, sandals, rubber boots, and rainwear; along with sport and adventure footwear (MindEdge, 2014). The purpose of this report is to provide recommendations based on several analyses involving the company’s workflow, costs associated with a new product line, and the staffing plan at the Shanghai plant. A. Workflow: Shuzworld produces Rugged Wear Work Boots at its Shanghai production facility using an 8-step process and an assembly line of 8 workstations. Each workstation performs a single task that can range from 3 minutes to 10 minutes to complete, resulting in a total time of 46 minutes to fully assemble one pair of steel-tipped work boots.
"Based on my latest figures, the shoes cost me $2,000 per batch to produce and the sneakers cost $1,500 per batch to produce." "I need a production plan for a total of 50 batches of shoes and sneakers for this period which will meet all requirements and minimize production costs." Capacity issues "I have one other issue I'd like to get resolved," Handel continues. "We're producing two versions of loafers: the Kiltie Tassel Loafer and the Classic Penny Loafer." "The production of these two slip-on products both require processing in our assembly department and our finishing department."
The total amount is $1,517,391 |13. Tuttle Buildings Inc. has decided to go public by selling $6,000,000 of new common stock. Its | |investment bankers agreed to take a smaller fee now (6% of gross proceeds versus their normal 10%) in exchange for a 1 year option to | |purchase an additional 250,000 shares at $7.00 per share. The | |Investment bankers expect to exercise the option and purchase the 250,000 shares in exactly one year, when the stock price is forecasted to| |be $6.50 per share. However, there is a chance that the stock | |price will actually be $12.00 per share one year from now.
During the year, the company purchased goods costing $1,500,000. If Uptown Athletic reported ending inventory of $600,000 and sales of $2,000,000, their cost of goods sold and gross profit rate would be 20) During the year, Sarah’s Pet Shop’s merchandise inventory decreased by $30,000. If the company’s cost of goods sold for the year was $450,000, purchases would have been 21) At the beginning of the year, Wildcat Athletic had an inventory of $200,000. During the year, the company purchased goods costing $700,000. If Wildcat Athletic reported ending inventory of $300,000 and sales of $1,000,000, their cost of goods sold and gross profit rate would be 22) The entry to record of sale of $900 with terms of 2/10, n/30 will include a 23) Dobler Company uses a periodic inventory system.
JGT Task 2- Kyle Dickerson The Transportation model finds the least cost effective ways to ship supplies to different destinations. “Transportation modeling [is] an iterative procedure for solving problems that involve minimizing the cost of shipping products from a series of sources to a series of destinations" (Heizer & Render, 2010, p. 718). In this case there are three warehouses to which Shuzworld will be moving goods to. The factories are named Shanghai Shuzworld H and Shuzworld F. Further into the case we find out that the Shanghai plant would like to increase the currently producing 1300 shoes to 2800 shoes. The optimal cost of 13,400 is achieved by shifting which warehouse the factories ship to through the distribution method.
This year, Lacey, DLK’s president, decided to seek additional funds to finance DLK’s working capital. CME declined to extend additional funds because of the money already invested in DLK. High Tech Venture Capital Inc. proposed to lend DLK $100,000, but at a 10% premium over the prime rate. (Other software manufacturers in the same market can borrow at a 3% premium.) First Round Capital proposed to invest $50,000 of equity capital into DLK, but on the condition that the investment firm be granted the right to elect five members to DLK’s board of directors.