2) BEP and MOS are useful if the company experience increasing cost or need to reduce the selling price in order to remain competitive. By using BEP and MOS the company can identify the lowest price of the product that will sell. So that the company will not gain loss for each of product sold. 3) To enter new market. Any business will start with small
needs. Therefore, with lowered inventory level, the flexibility and reaction speed from the distributors have been enhanced and both the customer fill rate and stockout rate could be improved as well. With less hurry orders interruption, both distribution and manufacturing costs could be reduced: Barilla has long changeover time to setup another product as mentioned in the case. The less disturbance, the more cost-efficient in the whole supply chain process. But it is only applicable for the bottleneck machines and it is true for the distribution cost too.
At a lower price, Lululemon products would have targeted the market that wants quality apparel at an affordable price. If executed properly, this market could potentially be equally as profitable because there are many people that cannot afford or do not want to spend $98 on pants. Even for those loyalists that may own one or two Lululemon products, a lower price would mean that they could now buy several Lululemon products. The real difference is in the relationship between profit margin and quantity. As of now, Lululemon successfully sells a lower quantity but at a higher profit margin.
Grace Kennedy intends to carry out segmentation more effectively by subdividing the segments into smaller units so that the resources will be enough to effectively penetrate the right target groups. Multiple, segmentation will allow them to better segment their products where there is a high potential for success and they may use this to gain the best results from their products; the benefits of this is that, if they market is carefully segmented it may produce larger capitals and higher market shares, while satisfying the needs of their
Challenge-based learning experiences further harness the desire of many students for a sense of meaning with their education while effectively training key skills such as multidisciplinary teamwork and decision-making, advanced communication, ethics and leadership of self and others. However, almost all challenge-based learning experiences surveyed are on the periphery of the curriculum, operated as introductory or special courses or master thesis projects. According to Malmqvist, et.al 2015, bhallenge-based courses still have a way to go before they are part of the regular curriculum because the work may be demanding to accomplish within a short period. This should be mindful to guide students to set a realistic challenge for their Big Idea that
With emerging technology and new firms forming with similar ideas, a strict solution must be proposed to prevent the theft of intellectual property (IP). As mentioned, developing countries want to have a shorter lifetime patent versus developed countries who want a longer life span of patent contract. The reason for this is probably because with a shorter life span, developing countries can form similar products and sell them for a higher profit. This article emphasizes that imitation can be an effective competitive strategy. On the contrary, the United States labels imitators are counterfeits, clones, and copycats.
This method takes less time as the interviews and questionnaires are not requiring too much detail. Researchers have proper control group and comparison group to make the research impact more valid. Although its cover a wider range but as an issue it’s more costly because it includes travelling. Quantitative research is something one can bet on as it’s based on exact numbers and figures showing the differences. It includes more concerned interviews with relevant defined question which cannot be changed.
A student’s personality must be self - motivated type, as to investigate career possibilities from early on in their lives, and not the procrastinating type that waits till they are compelled to decide. Students must take seriously the role grades play in limiting opportunities in the future. It is important for them to have a good understanding of their personality, if they are to make intelligent career plans. Family/Relatives There are different factors that affect students’ choice of course in college. One of this is family related factors.
But beyond these job-specific technical skills, certain skills are nearly universally sought by employers. Quest Staffing Solutions (QSS), (2014) stated that practical work experience is also crucial for attaining the appropriate skills and for future employment prospects. The young generation who are ready to enter the workforce require any opportunity for practical skills transfer and experience through public and private sector training, learner-ships and internships. Singh and Singh, (2008) argued that many graduates leave universities with insufficient soft skills and understanding which are necessary to succeed in the working world. Pauw, Oosthuizen and Van der Westhuizen (2008) stated that while unemployment among low-skilled labour market participants remains stubbornly high, a severe shortage of skilled workers exists.
The shorter cycle time will allow companies to react to changes in consumer demand or the market environment faster. The pull based replenishment system will synchronize production to demand allowing companies to hold onto less buffer inventory which in turn reduces inventory risk. (Garber & Sarkar,