Chad's Creative Concept Case Study

In: Business and Management

Submitted By janela1221
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CHAD’S CREATIVE CONCEPTS
Main Problem:
The standard lines sales is steadily increasing but the costumed furniture is given more attention because it has more sales compared to the standard lines. This leads to the standard furniture not being finished and requires stages to complete. Not just that, but also company needs to have bigger storage or space for this kind of situation.
Objectives:
1. To rent a bigger warehouse wherein they can accommodate the inventory resulting to increase the holding cost. 2. To have Inventories management 3. To Allocate of raw materials 4. To Schedule about how products to produce so that it will not be sitting around their warehouse. 5. To Develop forecasting methodology and techniques to understand the demands.
SWOT ANALYSIS:
STRENGTHS:
1. They are very good about customizing their products. 2. Customers already know about their capabilities as a producer. 3. Good quality of their products 4. Proper management because they are no complains about their product 5. Good quality control
WEAKNESSES:
1. Customized furniture are given more consideration because they are more saleable compared to the standard products. 2. They don’t have proper warehouse that will fit their inventory. 3. Other standard products are not finished because if there is a new customized product they will make it first.
OPPORTUNITIES:
1. They can widen their sales because they have good reputation for their customers. 2. There sales will be better if they will have innovation in their management. 3. Big warehouse means big space where they can have more space for their products and able to sale more
Threats:
1. Some products will be destroyed/damaged because they don’t have enough space to place. 2. Competitors is always a threat if you don’t have innovation. 3. If they continue doing this kind of…...

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