...To: Chad Thomas Founder Chad's Creative Concepts From: Subject: Chad's Creative Concepts Date: Jan. 07, 2015 Chad's Creative Concepts is a small custom furniture manufacturing company that has earned a reputation for innovative designs and excellent quality by focusing production on specialty designed furniture. Chad's Creative Concepts has grown substantially and has caused significant problems between standardized furniture and specialty designed furniture production. The problems concern external operations and internal operations of manufacturing. Chad's Creative Concepts has to set priorities to schedule different orders. Orders for low running and high running furniture pieces are being accepted because sales have increased. Chad's Creative Concepts has not increased the amount of equipment or capacity needed to handle the business growth. Low running and high running furniture pieces are now competing for the same manufacturing capacity. Chad's Creative Concepts has to emphasize the importance of on time delivery and manufacturing costs. Low running furniture pieces and high running furniture piece have a different set of priorities. Sales and marketing have not considered the conflict between dedicating equipment to standardized pieces and specialty equipment for custom pieces. Producing standard furniture pieces has created significant growth for the company. The growth has also caused the cost of inventory and operational costs to increase...
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...Chad Thomas From: Subject: Impact of standard line on manufacturing process Date: 05/24/15 Business Brief Chad Thomas is the founder of Chad’s Creative Concepts, a company that designs and manufactures wood furniture near Lake Erie in Sandusky, Ohio. Thomas, an “outdoors” type of person, wanted to bring that design into the home, and began creating custom-made wooden furniture for vacation homes along Lake Erie, Kelly’s Island, and Bass Island. Sales took off, and the company chose to produce a retail line of their popular pieces. The company still operates a single manufacturing process for the two lines, and profits are decreasing from additional inventory and rental space needed to accommodate the inventory size (Krajewski, Ritzman, & Malhotra, p.29-30). Manufacturing Conflicts Sales and marking affected Chad’s manufacturing operations negatively when they added a retail line of their standard pieces. The company added a second line, but still operates with a single manufacturing process. The manufacturing process they have in place is causing the company extra money because they are not able to produce the two lines at the same time. Their custom furniture takes priority, which leaves the standard pieces in assorted phases of completion around the plant (Krajewski, Ritzman, & Malhotra, p.29-30). After Chad’s added the retail line to their company the financial structure has declined. Profits are not as high as they should be. The company is losing money...
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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...
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...CENTRAL PHILIPPINE UNIVERSITY School of Graduate Studies, College of Business and Accountancy A CASE ANALYSIS ON CHAD’S CREATIVE CONCEPTS Presented to JOHN E. TAMPO Professor In Partial Fulfillment of the Requirements in MBA 723- Production and Operations Management Submitted by Ardaña, Kris Diane Dacayo, Leslie Espera, Cindy Espinosa, Brix Farren, Su Sherrie Phan, Nghia Trong Sugalam, Junie December 6, 2014 CASE No. : 1 TITLE : Chad’s Creative Concepts I. TIME CONTEXT This business situation should be resolved in the next business cycle (at least, 1 year). II. POINT OF VIEW Chad Thomas, founder and owner of Chad’s Creative Concepts, hired a consultant to do management advisory services and has over 10 years of experience in management accounting for manufacturing concerns. This is based on the consultant’s sound advises. III. STATEMENT OF THE PROBLEM Chad’s Creative Concepts sales figures may be increasing for both product lines however, the Accounting department confirmed that the profit is not doing well. This case analysis is aimed at determining the best production decision and corresponding business strategies for Chad's to maximize operational profit. IV. SECONDARY PROBLEMS None V. OBJECTIVES 1. To maximize sales potential (100%) from producing wooden furniture pieces within the next business year. 2. To minimize cost of production and carrying costs as to material inputs ...
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...To: Chad Thomas, President, Chad’s Creative Concepts From: Consultant Background Chad’s Creative Concepts located on the banks of Lake Erie in Sandusky, Ohio, designs and manufactures wood furniture. The company developed a solid reputation for creative designs and high-quality workmanship. They focused entirely on custom made furniture. Their customers specify the kind of wood that’s used to create the pieces they want. As the company’s reputation grew and sales increased, the Chad’s Creative Concepts began to sell some of its more popular pieces to retail furniture stores. This has allowed the company to produce a more standard line of furniture. These buyers however, are much more price-sensitive and impose a more stringent delivery requirement. Over the past few months sales for the standard line furniture has increased, however custom made furniture has continued to dominate their sales. Although the company’s sales for the standard line has increased, scheduling trade-offs have to be made to meet the demand of the custom made products because of the higher profit margin from the custom sales. This has led to a delay in shipping of the standard line furniture, a lack of warehouse space and increased lead times for the standard line of furniture. Analysis Significant issues have been identified with the company’s standard line of furniture. Although sales have increased, the custom made line has taken precedence, leading to customers who are not able to...
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...University of the East Graduate School MBAN Program Operation Management (GMB 723) 9:00-12:00 Case Analysis: Chad’s Creative Concept Submitted by: Renz Marion G. Aquino Submitted to: Engr. Melodia Pahati Chad’s Creative Concept Case Analysis I. View Point As the founder of the company our objective is to maximize the sale of both standard and custom made furniture at the same time create a good production system. II. Time Context The problem started when the company introduced a standard line of furniture and begun retailing its product to retail outlets. III. Statement of the problem a. Primary The effect of standard furniture in production and financial structure of the company over the long run. b. Secondary i. Large volume of inventory ii. Expensive warehouse rents iii. No space left for plant expansion iv. Longer lead time IV. Areas of consideration c. Strength v. High quality workmanship vi. Solid reputation for its creative designs d. Weaknesses vii. Costly standard furniture viii. Large volume of inventory ix. Disorganized production system x. Operates single manufacturing facility e. Opportunities xi. Company growth because of customer demands xii. Location encompass the entire great Lake Erie f. Threats xiii. Competitors on retail outlets cost...
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...29/10/2014 REPORT 29/10/2014 REPORT CHAD’S CREATIVE CONCEPTS BUSINESS REPORT Synergy Business Solutions 6 Success Drive 1778 Lake Erie Cohort Sandusky Ohio Company Overview Synergy Business Solutions (SBS) is a business located in Lake Erie, Sandusky, Ohio, specializing in consulting services for small, medium and large businesses. SBS’ primary services include market feasibility studies, business plans, operational reviews, re-engineering, strategic planning, seminars and workshops. Our mission is to provide our clients with business services that will help them become more successful and to become a leader in their area of business. The company was founded by six (6) MBA students in 2013 who’s varying concentration (Marketing, Finance, General Management) propelled SBS into maintaining a number of external investments globally. SBS is known for its ability to offer several corporate giants and small business units the opportunity to further expand their business portfolio internationally. The company boasts a clientele of over three hundred and the services offered is unmatched by no other firm of this nature. ASSUMPTIONS Synergy Business Solutions assessed Chad’s Creative Concepts (CCC) operations and based on the problem state problem here identified and investigated, the following assumptions were brought to the fore: 1. The company’s management assumed that they would have been able to fulfil orders of both custom as well as standard lines...
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...1. What types of decisions must Chad Thomas make daily for his company’s operations to run effectively? Over the long run? To be best serve external customers, the types of decisions Chad Thomas must make daily for running the company’s operations effectively that are including capability planning, process improvement, managing production and project, managing and scheduling resources and quality control. It is exciting to have the business expansion and increasing sales in order to gain profit. However, in this case, Chad’s Creative Concept does not have the capability to meet the soaring customer demand. Thus, identifying the company’s capability and production bottleneck are most important and must be considering at first. Secondly, design new processes to optimize the firm’s capability and maximize the production level thereby to shorten the lead time in order to lower inventory warehouse and handling cost. The third, project production plans in monthly, weekly and daily basis. The next, since the company’s resources are limited, therefore, Chad must make decisions on managing and scheduling the limited materials, equipment, other facilities and human resources. Allocate resources effectively to optimize the production process. Finally, to be best serve and satisfy customers, avoid defected products from the mass production process, the performance and quality control must be tracking. In addition, Chad might to think about to hire more staffs and rent a cheaper warehouse...
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...Production and Operations Management Chapter One: Case Study Chad’s Creative Concepts 1. Decisions: a. What types of decision must Chad Thomas make daily for his company’s operations to run effectively? i. To finish the work in process of the standard line to clear up room in the plant at the temporary expense of holding off on the current delivery of custom furniture ii. Find alternative storage capability 1. Less expensive rental 2. Allocate funds to purchase land and construct own warehouse…sink the investment into a fixed cost solution iii. Reconfigure the equipment layouts in the plant 3. Make the setup more efficient and cut down on waste attributed to going from one machine area to the next 4. Reprocess to cut down on the waste of time lost to one craftsman starting and finishing one piece of furniture a. Streamline process and create true assembly line concept to speed up completion of work load iv. Finding less expensive Suppliers v. Perhaps looking at less customization and more focus on the higher demand of types of wood for his product vi. Time to make adjustments based on choosing his best options for profitability b. Over the long-run? vii. Along with that listed above, the following needs to be looked at: 5. Consider expansion by purchasing or erecting second manufactory or expanding this one ...
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...Chads Creative Concepts Harmanpreet Singh 500284928 Question 1 During the course of a regular business day, Chad Thomas makes many decisions in order for his company to run effectively. On a daily basis Chad must decide which production type he will focus on for the day. Since he produces two lines of furniture, standard and custom, he must decide which one gets the priority when both orders need to be completed. Since he usually bases his decisions based on profits, the custom line usually gets completed first. Deciding which product to produce satisfies the order fulfillment process, which is core to effective daily operations. In order to meet the demand, Chad also needs to allocate machine hours for each production type. Since both lines require the same machines it’s a constant balancing act. Chad also takes his employee hours into consideration because his employees are all specialized in different aspects of the manufacturing process. Chad preforms supplier relationship process duties because he need’s to order specific materials for the customized pieces from his suppliers. In order to Chad to be effective over the long run he must reduce the lead times on both the custom and standard line of furniture. With the increase in volume, Chad finds it difficult to meet the promised delivery dates for both custom and standard line. Increased lead times has had a ripple effect throughout the company. Increased lead times results in added costs such as storage and inapt...
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...Chapter 1 Competing with Operations DISCUSSION QUESTIONS 1. Answering this question demonstrates that processes underlie all of our jobs. What might be surprising is how many students would put their job in the category of “other,” suggesting that many jobs do not fall neatly into any one functional area. Perhaps many in the “other” category might best be called “operations” on further reflection. Customers, both internal and external, are part of each process, and the goal is to manage the processes to add the most value for them. 2. Amazon.com offers a very broad range of services and products at competitive prices. Its competitive priorities would include fast delivery time, on-time delivery, customization, variety and low-cost operations. As a business, Amazon.com is actually assembling a customized basket of goods that must be delivered in a short window of time in a dependable fashion. Low-cost operations are needed to remain competitive. To remain in business, Amazon.com needs to maintain high volumes of traffic. Operations strategy must focus on stock availability and quick, economical, and dependable delivery. 3. The hospital’s commitment to provide attention to patients arriving to the emergency unit in less than 15 minutes and never to turn away patients who need to be hospitalized implies that the facility must be designed to have extra capacity in both beds and emergency room facilities. It must plan on having extra personnel...
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...Foreign Language Annals Á vol. 43, No. 1 27 Language-Learning Motivation During Short-Term Study Abroad: An Activity Theory Perspective Heather Willis Allen University of Miami Abstract: This study investigated the development of language-learning motivation during short-term study abroad (SA) for six intermediate-level students of French. Taking an activity theory perspective, findings demonstrated that one of two orientations motivated participants to study or continue studying French at the college level: linguistic motives or career-oriented motives. The choice to study abroad was seen as either a critical step to achieving fluency or a means of travel and cultural learning. Enhanced language-learning motivation emerged to varying degrees for participants with linguistically oriented motives for learning French who viewed SA as a languagelearning experience but not for participants with primarily pragmatic reasons for learning French and participating in SA. Implications of the study include the need for curricular intervention in student learning abroad. Key words: French, activity theory, learning motivation, second language learning, self-regulation, study abroad Introduction From the 1960s through the mid-1990s, research on study abroad (SA) largely supported the notion that it is an ideal means of learning a foreign language. Moreover, foreign language professionals often impart this view to students, typically based on their own successful if not life-transforming...
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...Moneyball: The Art of Winning an Unfair Game Michael Lewis For Billy Fitzgerald I can still hear him shouting at me Lately in a wreck of a Californian ship, one of the passengers fastened a belt about him with two hundred pounds of gold in it, with which he was found afterwards at the bottom. Now, as he was sinking-had he the gold? or the gold him? —John Ruskin, Unto This Last Preface I wrote this book because I fell in love with a story. The story concerned a small group of undervalued professional baseball players and executives, many of whom had been rejected as unfit for the big leagues, who had turned themselves into one of the most successful franchises in Major League Baseball. But the idea for the book came well before I had good reason to write it—before I had a story to fall in love with. It began, really, with an innocent question: how did one of the poorest teams in baseball, the Oakland Athletics, win so many games? For more than a decade the people who run professional baseball have argued that the game was ceasing to be an athletic competition and becoming a financial one. The gap between rich and poor in baseball was far greater than in any other professional sport, and widening rapidly. At the opening of the 2002 season, the richest team, the New York Yankees, had a payroll of $126 million while the two poorest teams, the Oakland A's and the Tampa Bay Devil Rays, had payrolls of less than a third of that, about $40 million. A decade before, the highest payroll...
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...A Former Harvard Business School Admissions Board Member Reveals the Insider Keys to Getting In • Prepare your resume and professional record • Discover the differences between business schools • Top essay and interview strategies • Behind the scenes of the admissions process • Qualitative factors that can make you stand out • Application insights from insiders Chioma isiadinso, M.ed. former Admissions Board Member of Harvard Business School The Best Business Schools’ Admissions Secrets A Former Harvard Business School Admissions Board Member Reveals the Insider Keys to Getting In Chioma Isiadinso, M.ED. © 2008 by Chioma Isiadinso Cover and internal design © 2008 by Sourcebooks, Inc. Cover photo © Punchstock Sourcebooks and the colophon are registered trademarks of Sourcebooks, Inc. All rights reserved. No part of this book may be reproduced in any form or by any electronic or mechanical means, including information storage and retrieval systems—except in the case of brief quotations embodied in critical articles or reviews—without permission in writing from its publisher, Sourcebooks, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. —From...
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...ANALOGY EXERCISE A Directions: In each of the following questions,there is a certain relationship between two given words on one side of : : and one word is given on another side of : :while another word is to be found from the given alternatives,having the same relation with this word as the words of the given pair bear. Choose the correct alternative. 1 . Moon : Satellite : : Earth :? (A) Sun (B) Planet (C)Solar System (D) Asteroid Ans: (B) Explanation: Moon is a satellite and Earth is a Planet . 2 . Forecast : Future : : Regret :? (A) Present (B) Atone (C)Past (D)Sins Ans: (C) Explanation: Forecast is for Future happenings and Regret is for past actions . 3. Influenza : Virus : : Typhoid : ? (A) Bacillus (B)Parasite (C)Protozoa (D) Bacteria Ans: (D) Explanation: First is the disease caused by the second . 4. Fear : Threat : : Anger : ? (A)Compulsion (B)Panic (C)Provocation (D)Force Ans: (C) Explanation: First arises from the second . 5. Melt : Liquid : : Freeze : ? (A)Ice (B)Condense (C)Solid (D)Crystal Ans: (C) Explanation: First is the process of formation of the second . 6. Clock : Time : : Thermometer : ? (A)Heat (B)Radiation (C)Energy (D)Temperature Ans: (D) Explanation: First is an instrument used to measure the second . 7. Muslim : Mosque : : Sikhs : ? (A)Golden Temple (B)Medina (C)Fire Temple (D)Gurudwara Ans: (D) Explanation: Second is the pace of worship for the first . 8. Paw : Cat : : Hoof : ? (A)Horse (B)Lion (C)Lamb (D)Elephant Ans: (A) Explanation: First...
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