...Stickley Furniture Stickley Furniture Stickley Furniture founded in 1900 by brothers Leopold and George Stickley manufacturing fine cherry, white oak, and mahogany furniture with a prestigious line of mission oak furniture. Stickley Furniture has a production facility outside of Syracuse, New York but now has various showrooms in New York State, Connecticut and North Carolina. Employing 1,350 employees, Stickley Furniture has been able to gain report with local customers and gain a large market share in the north eastern part of the country. With continued growth and technological advances, they have the opportunity to increase production and streamline production processes. (Stevenson, 2012) There are different types of production processing that can be used, such as job shop, batch, repetitive, or continuous as the primary mode of operation. Job shop consists of a variety of custom-made products that are produced in batch numbers but somewhat few in diversity. The batch process occurs when many similar items are produced at one time, stage by stage from station to station and many items are produced simultaneously. Repetitive processing is large categories of standardized items are produced at one time in factory lines. The continuous processing method is products that are being processed are continuously in motivation with activities being done to them as they are moved down the line. Stickley Furniture uses...
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...Palliser Furniture Contents Executive Summary 3 Problem Statement 4 Situation Analysis 4 Alternatives 5 Recommendation 9 Action Plan 9 Contingency Plan 10 References 11 Appendix A-B 12 Executive Summary Palliser Furniture (Palliser) is a key player in the highly competitive North American residential furniture market. They are under constant pressure to stay competitive and profitable in an ever changing market place. The volume of furniture solid is highly correlated to new homes sales and the industry has been slow to bounce back from the recession of 2008. Import penetration from countries with emerging economies is putting pricing pressures on domestic furniture manufacturers. To leverage its key success factor of low shipping costs and short delivery times Palliser has focused on strategic locations for their factories by identifying the different target markets for its comprehensive product lines and have made expansion decisions appropriately. Our recommendation is that they continue with their current location strategy as it meets their operation goals and allows them to access the highest number of market segments and is the best strategy to grow the business. In assessing new locations for strategies we recommend the company determine which of their product lines or revenue streams have the highest consumer demand and...
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...Page 1 of 2 Haverwood Furniture, Inc. I. Summary of Facts A. Market - Furniture Industry 1. Types of customers a. Buying public b. Baby boomers c. Retailers 2. Factors of furniture buying a. Incidence in new housing starts b. Consumer confidence c. Disposable personal income 3. Behaviors/trends of furniture buying a. Customers lack confidence b. Commitment towards a style c. Price concerns 4. Economic market a. Monopolistic Competition b. Many sellers with a range of prices, styles, and services B. Product 1. Haverwood Furniture a. Upholstered b. Wood (Tables, dressers, and dining room suites) c. Ready-to- assemble products d. Casual furniture 2. Benefits a. Core - Home furnishing/styling products b. High quality/long-lasting products c. Medium/high priced products 3. PLC a. Growth stage b. The company has peaking profits, many competitors, and intensive distribution to high quality stores and customers. C. Price 1. Medium to higher priced products 2. Record $75 million in sales for 2007 3. Proposal of $225,000 for advertising in 2008 4. Sales expenses and administration costs were rising to $65,000-$70,000 in 2008 5. In 2007, allocated costs were $3,675,000 for total promotional expenditures 6. Total industry sales were $31 billion for 2007 7. Elasticity a. Relatively elastic b. Customers purchase lowest price and favorable style D. Promotion...
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...flats means a higher potential demand for our shelving system. Until 2004 the average apartment size grew steadily to 95 sq m. However, since 2005, the statistics prove that the apartment sizes are slightly going down whereas the prices are increasing. As smaller the flats are going to be designed in future, as more positive and valuable perception of a modular shifting shelves system will the inhabitants have. By exploiting the entire heights of a wall DeSin helps to use the limited space efficiently and getting the most for the square meter price possible. With a per capita GDP of USD 57,200 and a real GDP growth rate of 14.7% in 2010, Singapore exceeds most other developed countries. Therefore the market for luxury goods – as special furniture - is a very attractive one. Nevertheless, the intense saving behavior of Singapore residents cannot be considered as being negligible. To take advantage of people’s high purchasing power and the challenging and confined housing situation DeSin has to convince with an intense and very target-oriented marketing strategy. Despite the economic crisis in 2009, this industry builds a prosperous and healthy market. Most of the Singapore furnishing companies managed to maintain their operations during the economic downturn. Although the actual trade performance in 2009 decreased 4% from SGD 4.9 billion to SGD 4.7 billion, it recorded an average increase of...
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...LIST OF TABLES Table No. Title Page 1 Frequency of Respondents According to Years in Operations 27 2 Frequency of Respondents According to Forms of Ownership 28 3 Frequency of Respondents According to Educational Attainment 28 4 Frequency of Respondents According to Number of Employees 29 5 Management of Raw Materials 29 6 Management of Finished Goods 30 7 Controlling the Quality of Raw Materials 32 8 Cost Control Strategies 33 9 Effectiveness of Cost Control Strategies 35 10 Using Budget as a Cost Control Strategies 35 11 Managing the Quality of Products 36 12 Meeting Customer’s Expectation 38 13 Standards in Meeting Quality 38 14 Ensuring Smooth Production Process 40 15 Supervision of the Production Process 42 16 Criteria in Hiring Workers 43 17 Assessing the Skill of Workers 44 18 Evaluating Performance of Workers 44 19 Importance of Skills 45 20 Motivating and Training Workers 46 21 Problems Encountered 48 CHAPTER I THE PROBLEM AND ITS BACKGROUND Rationale Operations management is a vital part of every organization (Chen et al, 2012). Every kind of business, whether it is purely service, a business merchandise, or a manufacturing needs people who have practical knowledge of how to manage and handle its operations...
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...BatesManor Furniture, Inc. BatesManor Furniture, Inc. Case Analysis Khyatiben Patel Davenport University MKTG610 Dr. Loughran January 28, 2011 Case Recap In early 1900s, Charlton Bates’ great-grandfather opened BatesManor Furniture Inc.; the company manufactures medium-to-high-priced wood bedroom, living room and dining room furniture. BatesManor sells its furniture to independent furniture stores and high quality department stores nationwide; it’s very selective in choosing retail outlets. BatesManor had 10 full-time salespeople and 2 sales managers for fiscal year 20071. And sales personnel receive his salary and commission on the base of the sales. Bates believes that the company has been successful because they have employees who are committed to the company and they are not only taking the order but motivate the retail sales people and suggesting them about displaying the furniture in the store. The total promotional expenditures allocated by BatesManor for the operating year 2007 were $3,675,000, which did not include the salary of the vice president of sales. For the same year the company had net sales of $75 million. Problem Identification For year 2008, Mike Hervey, from BatesManor’s ad agency, proposed that they would increase the advertising expenditures by $225,000. This would increase new product exposure, brand awareness, and enhance the quality image of the manufacturer. However, the $225,000 increase in advertising is slightly out of line...
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...FILMORE FURNITURE LTD Filmore Furniture Ltd. manufactures colonial maple furniture. The company was incorporated in 1970 by Fred Filmore, who had been the sole proprietor prior to that. In 1983, Fred Filmore retired and sold his business to his only son Phil, age 38, for a small sum. That year, annual sales totalled $1,300,000. Phil Filmore was an aggressive manager and strategist. He modernized the plant, introduced new product designs and accessories such as mirrors and lamps, and implemented new marketing strategies and merchandising ideas. These innovations were quite successful, and helped the company to establish a good reputation in the furniture industry. From 1983 to 1993, sales income increased to $5,100,000, and the company had 58 full-time employees on the payroll. While sales grew quite strongly, the highly competitive nature of the furniture business held profits to relatively low levels. In 1998, the company's after-tax profit amounted to $204,000, or 4.0 percent of sales income, which was very close to the industry average. Phil Filmore was clearly in charge of the key activities of the business, including all of the strategic decisions mentioned earlier. The company employed five sales representatives who called upon the smaller accounts, but Phil personally handled the responsibility of calling on the major accounts. Of particular importance were the company's relationships with major chain stores that Phil had developed in the years after he took...
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...Filmore Furniture Ltd Company Background * Incorporated in 1970 by Fred Filmore, a sole proprietor. * In 1983, Phil obtained his father’s furniture business and acquired the management of the business. * In 10 years the sales income increased to $5,100,000 and employed 58 full-time employees. * He is an aggressive manager and strategist. * During 1986 to 1993, Filmore Furniture modernized its manufacturing facilities. * Phil owned 63% of the share, 31% the five investors and the rest is retained by the employees of the company. Problem She is having a tough time choosing between whether she should sell the business, or manage the business herself. Objectives Choose the best option that will favor in Mrs. Lucinda Filmore, and provide her with an income that would benefit her financial situation. Also, an income to assist her to have a good standard of living for her and her children for the years to come, with the lowest short- and long term debt possible. Situation Analysis PEST Analysis Political:- * Canada-US Free Trade Agreement (1989) brought increased import competitors from larger American companies. * Opportunity to export in large US market Economical:- * During recession, additional fixed cost may be risky * The furniture industry is very competitive Social:- * Innovations resulted in good reputation, and goodwill in the furniture industry * Relationship with financial institutions; Customer...
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...1. Summary Furniture retail in the United States is a very important aspect for the country's economy. The market size of Furniture and home furnishing stores had expanded from $52.34 billion worth of sales in 1992 to $90.07 in 2011.This is expected to increase to about 96 billion U.S. dollars in 2016. Accordingly, city of Irvine has the brisk demand for purchasing home furnishing. Because there are a lot of university student using furniture in the short term. The research clarifies the possibility for opening a new home furnishing shop. It will take about 7 weeks and costs $36,320. 2. Background a. Market situation Industry: Furniture and home furnishing Area: Irvine “Household” and taxable sales for Home Furnishings and Appliance stores in Irvine “Sales per store” for taxable sales for Home Furnishings and Appliance stores in Irvine b. Product Furniture is a problem to almost every new student that have to move close to university campus. We will open a store nearby UCI campus, which have most new students in the area every quarter. Our shop will provide all kinds of convenience that students should have, by example: easy transportation service, affordable and durable furniture, used furniture, fitting measurement, etc. We will conduct focus groups and surveys to find out where is the right place to open our store, which kind of furniture the students want, which is...
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...Indian Furniture Retail Industry The Indian furniture retail market is one of the 14th largest furniture markets in the world due to the rising purchasing power of the Indian middle class population. This USD 8 billion industry has been growing at 30% compound annual growth rate. According to a Cushman and Wakefield report, the demand for residential spaces is forecasted to hit 4.25 million units while the demand for office spaces is expected to hit 400 million sq.ft. between 2010 and 2014 in India. Another major segment is contract furniture which is driven by the increasing hotel developments and tourism demand in the country. The Indian furniture retail market has been classified by CSIL Milano as one of the 14th largest furniture markets in the world due to the rising purchasing power of the more than 400 million middle class population. This USD 8 billion industry has been growing at 30% compound annual growth rate in just the organized sector which accounts for only 15% on the entire industry. According to a Cushman and Wakefield report, the demand for residential spaces is forecasted to hit 4.25 million units while the demand for office spaces is expected to hit 400 million sq.ft. between 2010 and 2014. Another major segment is contract furniture which is driven by the increasing hotel developments and tourism demand. All these factors, clubbed with the evolving consumer demographics and increase in spending on lifestyle products bodes very well for the Indian furniture...
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...Insight to Furniture Industry in Mirpur | SMEs in Bangladesh | | Prepared For:Sheikh Morshed JahanAssociate ProfessorPrepared By:Group 1, Section B, BBA 20thMushreka Afroze Khan RH 68Adnan Faiaz Mahmud ZR 73Rezwan Arefin ZR 75S.M. Samiuzzaman ZR 77Wasif A. Khoda Rubab ZR 104Mehnaz Fatima Khan RH 107Ayman Ahmed ZR 108Sadia Afrin RH 117Ryan Fardin Sakib ZR 119Zahin Azad Moslem ZR 121Md. Samiul Hossain ZR 125Institute of Business Administration, University of DhakaApril 27, 2014 | | Contents Introduction 3 Industry Overview 3 Furniture Industry in Mirpur 3 A Brief Introduction to SMEs 4 The Entrepreneurs 5 Current Scenario 6 Factors affecting Industry 6 Factors affecting company 6 Perception of Entrepreneurs 7 Triple Triangle Framework Analysis 8 Firm Level Factors 8 Industry Level Factors 10 Firm Level Industry 10 Sustainable Market Enterprise Competitiveness Framework 12 Grid of Institutional Mandate 14 SWOT Analysis 15 So what? 18 Conclusion 19 | Introduction Industry Overview Traditionally furniture industry in Bangladesh developed as cottage based industry. It is in the 90’s when the furniture industry in Bangladesh transited from cottage based industry to mechanized mass production oriented industries. The main varieties of products are wood, processed wood & Medium Density Fibre board (MDF), and laminated board, particleboard, rattan/bamboo and wrought iron furniture. Around 70% production of furniture sector of...
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...style you prefer, there is something for everyone. Anybody can make a good-quality product for a high price, or a poor-quality product for a low price. But to make good products at low prices, you need to develop methods that are both cost-efficient and innovative. That is why at IKEA we approach things a little differently. b. Price: In IKEA the product are shipper than Rooms to Go. For example sofas in Ikea are approximately $200.00, when the similar sofa in Rooms to Go will be $300.00 more. c. Place: Ikea is a big furniture store localized in Millennia Mall. The location is perfect because it is a commercial area in a safe neighborhood near a well Known mall. It will draw many more customers because it is also a touristic main point. The place is different and there are just a few of them in some cities in USA. Here in Orlando there is only one. It is more modern than Rooms to Go. Rooms to go are more traditional and classic. It is a typical furniture store. It doesn’t a lot of option like Ikea. d. Promotion: Ikea has a catalog that is delivery by mail, while Rooms to go has a flier in the newspaper. Ikea is well known or not encouraging personal selling on general. The customers make their own choices. 2. Compare IKEA with any major competitor of home furnishings in...
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...Guillermo’s Furniture 1 GUILLERMO’S FURNITURE Guillermo’s Furniture Michelle Pate Sundar Shankar Mani Vannan Osvaldo Perez Niaz Tavakoli FIN571 University of Phoenix November 2009 Guillermo’s Furniture 2 Introduction During the history of furniture, designing trends have correlated to society’s changes. Today, because we have access to different fabrics, textures and technology advancements, people have a variety of furniture to choose from. Historians have a record of the year and technique in which furniture was made. Presently, you can find hand-made furniture at auctions, historic places and museums. They have a higher value and are looked at as a work of art because they are created by an artist’s imagination. Furniture makers often use oak wood in their furniture, since it is stronger and will last longer than other wood. It would be more difficult to create custom hand-made furniture using an automated machine because it takes the art out of the furniture, though it is less expensive. It takes more time and money to create hand-made furniture and get it ready for the selling stages than to create automated furniture or become a distributor. Guillermo’s Furniture Store is going through changes and he needs to adapt new strategies that would help him overcome the market’s competitors and stay in business. Guillermo’s Furniture Store is located in Sonora, Mexico and is one of the biggest companies that manufacture furniture in North America. This area has a...
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...inputs in order to produce the desired outputs. At Stickley Furniture, the primary mode of operation is continuous production. Also referred to as flow production, continuous production mainly entails the approach of processing or manufacturing the various parts in order to come up with the final product on a continuous basis. There are several major reasons as to why continuous production is evident at Stickley Furniture: * Firstly, the company assesses the nature and/or quality of timber prior to feeding it into the saw. The process of assessing the quality of timber at Stickley Furniture is achieved in two main ways: manually and also through the use of computers. Employees at the Stickley Furniture closely examine all the timber in order to ascertain the quality more so in terms of knots. * On the other hand, specially designed computer software is also used by the company to verify the quality of timber before feeding it into the saw for processing. This kind of approach goes a very long way towards ensuring that the quality of furniture produced at Stickley Furniture is excellent and meets the high expectations of clients. * The next step after sawing the timber is to produce the various types of furniture in line with the orders that have been placed by clients. All these are clear indications that the most commonly used operations system at Stickley Furniture is flow production. At Stickley Furniture, despite the fact that flow production is the principal...
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...Running Head: GUILLERMO FURNITURE STORE RECOMMENDATION Guillermo Furniture Store Recommendation Name: Course; Institution: Instructor: Introduction Guillermo Navallez has for many years operated from Sonara, a city in Mexico making furniture. One of the main reasons for maintaining his operations in this location has been the good supply of quality timber. However, a new competitor entered the market offering the same quality products at a fraction of the price Guillermo was charging. This was possible because of the heavy reliance on high-tech mechanization that the new supplier employed. To further complicate things for Guillermo was the entry into the city of a large retailer, a sudden explosion of workers resulting in a substantial increase in the cost of labor. All things had a negative effect on Guillermo’s bottom line. Discussion: The essence of any business operation is to maximize profits. This is only achieved when the business is able to meet its recurring costs and have a surplus available for reinvestment or payment as dividends to the owners. Guillermo’s case requires a critical investigation into the business operations to determine available to him. Given the current situation, Guillermo has three very viable options to consider. He could either maintain the present business model and continue operations as currently constituted, or adopt a new business model by embracing high technology and thus investing in highly automated machines...
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