Companies that use the chase strategy or demand matching st

Assignment Help Business Management
Reference no: EM13812788

Please re write this introduction and conclusion I wrote:

Introduction:

Companies that use the chase strategy, or demand matching strategy, produce only enough goods to meet or exactly match the demand for goods. When production meets the demand and volume of a product from one cycle to the next is known as the chase strategy. This strategy is mainly used when demand is not predictable and there is not any inventory.  In most cases using this strategy can result in a higher employee turnover rate which often leads to apprehensive and displeased employees. The chase strategy has several advantages it keeps inventories low, which frees up cash that otherwise can be used to buy raw materials or components, and reduces inventory carrying costs that are associated with holding inventory in stock. Cost of capital, warehousing, depreciation, insurance, taxes, obsolescence and shrinkage are all inventory carrying costs.    There are numerous companies that favor the use of a combination of both the chase and the level strategy.  The mixture enables effectiveness of goals and lowers the cost more so than using each strategy alone. 

Conclusion:

Companies that use the chase strategy produce just enough goods to meet the demand for goods. The chase strategy has several advantages including keeping inventories low. By keeping inventories low the company has cash that would otherwise be used to purchase raw materials or parts. The chase strategy reduces inventory costs that are related to holding inventory in stock. 

 

 

Reference no: EM13812788

Questions Cloud

Question regarding the four functions of management : Write a 700- to 1,050-word paper in which you explain how internal and external factors affect the four functions of management. Include introduction and conclusion.
Describe the astronomy facilities at the alma array in chile : Describe the astronomy facilities at the ALMA Array in Chile. Assess the range of applications of this Array and the special considerations that were made in choosing its location.
Discuss ways of providing high availability : Mobile applications require high availability because end users need to have continuous access to IT and IS systems. Discuss ways of providing high availability
Describe the current state of selected company supply : Create an MS PowerPoint Presentation in which you describe the current state of your selected company's supply chain and an identified process.
Companies that use the chase strategy or demand matching st : Please re write this introduction and conclusion I wrote: Introduction: Companies that use the chase strategy, or demand matching strategy, produce only enough goods to meet or exactly match the demand for goods. When production meets the demand and ..
The key word in unique selling proposition : Use the Internet to research two (2) of your favorite companies and two (2) companies that are similar to your company. Identify the USPs of these companies, and consider what the USPs mean to you. Next, prepare to create a USP for your company.
What are the main phases of network design : What are the main phases of network design per the PDIOO approach often taught by Cisco? When working on a design, what are some of the typical business goals you can expect to find for today's organizations? Why is it important for you to identify..
Each link in the supply chain and the purpose and value : Write a 700- to 1,050-word paper that identifies each link in the supply chain and the purpose and value in each. For example, if the shoe industry were to be chosen, the supply chain might look something like:Manufacturer plans the product mix d..
If the company has excess inventory or too little inventory : An essay to analyze the Pro-Forma data  (Foundations Simulation).  Provide an analysis of how the Erie Company ended its fiscal year. Items to discuss are inventory, meeting customer needs, production, capacity, marketing, and debt. There may be othe..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd