Reference no: EM132242324
Goal: Calculate ways to improve operational efficiencies without sacrificing quality.
What to do: Imagine that you’re a U.S. maker of oak tables and chairs. Your company has been in business for more than 100 years and is one of the few American tables and chair manufacturers left in business—most other furniture manufacturing has gone overseas. You only produce a limited line of designs and have small-run rates to ensure the high quality for which your company has been known since its inception. True, you charge a premium price for your high-quality goods, but now your costs are rising to the point where you have to make operational changes to save money if you’re to stay in business. You want to do this without compromising on quality.
1. Examine all aspects of operations to determine where you might be able to reduce costs
2. Without knowing all the specifics of this company, consider where there might be inefficiencies or where you might be able to implement cost-saving measures in each of these areas:
a. Use of technology for customer data management and order taking b. Shipping c. Inventory management d. Customer service e. Production and manufacturing f. Supply chain management g. Personnel management h. Billing and collections
3. Finally, come up with other strategies for streamlining operations, that will enable you to continue offering high-quality, American-made furniture at a reasonable price point.
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Improve operational efficiencies without sacrificing quality
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