Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

The Futurist Corporation

The Futurist Corporation is a market leader with a flagship product, the attractive ‘ClickZipPlus’ that is sold in mainly retail supermarkets in packs of four and eight. The manufacturing plant is running at full capacity and the old and outdated equipment is exhibiting signs of distress. Despite this, Thomas Randall, the CEO, is trying to maximize production and turnover in order to report a 9% sales growth by final quarter of year.

This growth target is exerting extreme pressure on Peter Smith’s sales department. The 9% projection set by Randall was based on a more favourable economic outlook. Randall now predicts a 3% sales growth, but in order to achieve this, the ‘ClickZipPlus’ is being offered to retailer customers at reduced prices.

It seems that Futurist has overlooked the problems that could occur from offering goods so cheaply. It is likely that this will adverse effects, not only on profits, but also the supply chain and the business as a whole. However, the objective in Peter Smith’s team, with only weeks to go, is to achieve heavily discounted selling in bulk quantity, to any taker. This is demonstrated when, at a sales meeting, a key account manager announces a new order for 40,000 cases of the product.

The customer has been offered 8% discount and is, supposedly, an overseas trading company. Sales staffs at the meeting are very sceptical of the stories that this firm has markets in Eastern Europe or Jiangsu province, China, but they are aware of the immediate threat to their jobs if the sales objective is not met. The decision to offer the 8% discount to the overseas trading company has been made purely from a sales perspective. Randall is now realizing that in order to achieve all his expectations he also has to turn his attention to the raw materials input costs of his product.

Despite the size of this business, surprisingly it does not have a professionally run supplies organization. This is fast becoming its major weakness. At this time, most of its purchases are undertaken locally. Investigation shows Randall that the company’s competitors are all sourcing increasingly on an international basis, leaving Futurist behind its market rivals and indeed, what is now considered best practice in its industry sector. This issue requires immediate attention and to that end Randall calls in specialists supply chain consultants, Grahams Inc, to discuss possible strategies to move Futurists forward in its international supply chain management.

It is now some four months on, and Grahams Inc is ready to present a strategic plan to Thomas Randall and the other directors of Futurist.
In preparation of the strategic plan, your initial tasks are to:
 
a)  Analyse the strategic business considerations of sourcing supplies in overseas markets.

b) Discuss the impact of ethics and culture on international supply chain management and the subsequent buying process.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M97017

Have any Question? 


Related Questions in Management Theories

Choose any existing company of your choice operating in

Choose any existing company of your choice operating in Singapore. The company can be from any industry. Imagine that you have been appointed as the Human Resource (HR) Manager of your chosen company. Your boss has asked ...

In this paper examine your organizations generic and

In this paper, examine your organization's generic and diversification strategies, its international moves, and its ethics, social responsibility, and environmental sustainability practices. Submit your work in your assi ...

Supply chain management strategy proposaldevelop a supply

Supply Chain Management Strategy Proposal Develop a Supply Chain Management Strategy Proposal, specifically dealing with the following scenario. The scenario centers around the choice of a location for a new distribution ...

Change management workbook 1a context analysisq1 how is ai

CHANGE MANAGEMENT WORKBOOK 1 A. Context Analysis Q1: How is AI (Artificial Intelligence) a game-changer in the industry you're analyzing? What new competitive dynamics/models emerge b/c of the introduction of AI? Q2: Ben ...

Instructionsresearch and write a brief answer to the

Instructions: Research and write a brief answer to the following question. Your response should be between 300-400 words. Your work should follow the conventions of Standard American English (correct grammar, punctuation ...

1 public relations pr are the practice of good-quality

1. Public relations (PR) are the practice of good-quality communication between a company and the public. Conduct research to locate an effective example of public relations and an ineffective example of PR. Provide your ...

Assignment briefdevelop an annual report for a company of

ASSIGNMENT BRIEF Develop an Annual Report for a Company of your choice. Company - National Bank of Malawi 2015 Annual Report From a technological point of view, the "internet" is all the computers in the world that are c ...

Scm globe reflection paper-the individual research paper

SCM Globe Reflection Paper- The individual research paper should demonstrate the individual's ability to integrate and synthesize the SCM Globe simulation as well as course concepts and research materials to communicate ...

Global supply chain managementquestion think of an idea you

Global Supply Chain Management Question: Think of an idea you are passionate about. How would you sell your idea to a high content versus low content culture? How about a low power distance versus high power distance cul ...

Write the given essay assignmentessays should demonstrate

Write the given essay assignment. Essays should demonstrate substantive research and critically evaluate the literature on a particular topic. Essays should be approximately 5,000 words, including footnotes. The idea for ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro