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Resource Management

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Submitted By acmezoo
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Resource Management
MGMT690
Individual Project
Lawrence Laurine
May 23. 2016

Resources are a major concern for all industry, because as everyone knows industry can’t run without them. The resources that are of concern for the furniture market are wood, metal, fabric for seats, materials for preparing the wood, and finishing the wood. Business in the past had to be concerned with location of resources and the cost to get those resources to the manufacturing facilities. In today’s global economy the different parts of the product can be manufactured where the resources are found; no longer do you have to ship raw materials to a location, so that they can be processed and converted into the product that is needed. Today you can outsource the requirements for a product and have one country make the metal parts for the furniture, another country can produce the wood pieces for the furniture; these pieces can then be shipped to another country that can assemble the products and the whole process including shipping the finished goods to market can be completed at a much less inexpensive cost than the same product made in the United States. This new global environment can now produce two byproducts that are win-win for the company by creating lower cost products and may open a market which did not exist previously. The desire for western style furniture at a market price that the local population can now afford, leads to a new revenue stream. A second outcome is an increased profit margin for the sale of the same product in high end markets.
In today’s world innovation comes not only from new products, but also from ideas on how to make the products better and use less resources or produce less waste. The resources that are of main concerns for the furniture market are wood, metal, fabric, materials for preparing and finishing the wood. If we decide to expand

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