StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Parker Earth Moving Company - Essay Example

Cite this document
Summary
First situation is that the company goes ahead and not be bothered about short fall which will cause decline in sales by many folds and the company will lose precious customers and at the same time make losses in terms of sales.
The second situation is that the company utilizes…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Parker Earth Moving Company
Read Text Preview

Extract of sample "Parker Earth Moving Company"

EXECUTIVE SUMMARY The needs i.e. the needs of PEMC identified through the data provided in the scenario can be summarized as: Acute shortageof production capabilities i.e. the internal production setup can only produce one third of the actual required goods.The above point indicates that extra measures like hiring extra staff to increase production within the company or make deals with subcontractors.Keeping the cost balance with production so as to minimize the cost to lowest possible value without creating a shortage for sales.

Inadequate storage space, experienced and skilled workforce.Formulate measures to avoid any such mishaps in the future.PEMC is heading into a position where it can face either of these two situations and none of them are beneficial. First situation is that the company goes ahead and not be bothered about short fall which will cause decline in sales by many folds and the company will lose precious customers and at the same time make losses in terms of sales. The second situation is that the company utilizes the option of fulfilling the corrected sales forecast and chooses between combinations of adding a new line of workers who’ll work all three shifts or choose subcontractor A or subcontractor B.

All combinations available can produce the required 30000 units of equipment.The main factor to be observed in the second situation is that keeping cost of equipment production as low as possible so that the incurring loss is minimum.The cost of productions are listed belowIN HOUSECONTRACTOR ACONTRACTOR BTotalPer UnitPer UnitPer UnitManufacturing Costs$ 48.00$ 82.00$ 88.00Distribution and Storage22.0022.0022.00Sales and Administrative38.0038.0038.00Other Costs5.005.005.00Cost per Unit$ 113.00147.00153.

00Req Price per unit129.95129.95129.95Profit/Loss 13%(12.5%)(16%)So in any case the company will incur greater loss if any of the subcontractors is employed with the increase of workforce and an added shift for the task of furnishing the entire shortfall. The combination of the existing production line that the company has with subcontractors A and B will be a better choice with suitable lead times and will incur lower amount of loss. Hence it’s a better combination. FOR ANY FURTHER QUERRIES CONTACT ME on FB since certain inefficiencies are being observed at ACADEMIA , USERNAME: Omair Nasir

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Parker Earth Moving Company Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Parker Earth Moving Company Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/business/1581199-parker-earth-moving-company
(Parker Earth Moving Company Essay Example | Topics and Well Written Essays - 500 Words)
Parker Earth Moving Company Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/business/1581199-parker-earth-moving-company.
“Parker Earth Moving Company Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1581199-parker-earth-moving-company.
  • Cited: 0 times

CHECK THESE SAMPLES OF Parker Earth Moving Company

Does Bone Become Part of the Superstructure, or Does He Rage against the Machine

Alienation Another interesting aspect of the novel is the way that Banks describes a feeling of alienation common to many adolescents: “They were totally alone, those kids, like each had been accidentally sent to earth from a distant planet to live among adult humans and be dependent on them for everything because compared to the adult humans they were extremely fragile creatures and didn't know the language or how anything here worked and hadn't arrived with any money (Banks, 1995)....
6 Pages (1500 words) Research Paper

Globalization of Religious Conflicts

Neither of these two sides wishes to compromise, as the corporations are only worried about expanding their company to maximize profits and the tribal communities are only concern with keeping the corporations away, so conflict will always exist.... Jihad and McWorld are moving in opposite directions, with one side wishing to make the world a smaller place and the other side wishing to isolate the various tribes so that they each have their own space and are left alone....
6 Pages (1500 words) Essay

Analysis of Apocalypse Film

The author analyzes "Apocalypse" film that features Vietnamese at war.... The film has connected various styles making it extremely intriguing.... Sounding techniques used in the film connect to the main actions.... The film has linked the acting process with various styles perfectly.... hellip; The film has tilted the cameras in different angles capturing various sceneries brought together without conflicting with each other....
8 Pages (2000 words) Essay

Business Environment: The Natural Environment, Stakeholders, and Policy

) defines global warming as the rise in the earth's and ocean's average temperatures. Nwankwo (2009, p.... ) reveals that the world has experienced a significant increase in temperatures over the past decades especially in the 21st Report indicates that the surface of the earth has experienced about 0.... In fact, it is a global issue, which arguably affects every living thing on earth.... As earlier stated, the word has experienced a high increase in the average temperatures on the earth and ocean over the past decades, which has caused global warming (Kowalski 2004, p....
14 Pages (3500 words) Essay

Business in the Modern World of Globalization and Liberalization

The paper "Business in the Modern World of Globalization and Liberalization" states that once we have identified feasible hydro electric project we can start reducing our activities in the coal segment gradually.... It is not necessary to stop our activities related to coal all of a sudden.... hellip; Our country has enough stock of coal in order to meet our power requirement for another 300 more years....
13 Pages (3250 words) Coursework

When is Sexual Orientation Discrimination Lawful

Despite this, Scott-parker clearly views the diversity business case as one without a sound sociological outcome on the organizational culture but as one in which genuine social connection amongst working professionals is absent.... This research paper” When is Sexual Orientation Discrimination Lawful?...
10 Pages (2500 words) Essay

A Memorable Visit to Africa

The author tells about his/her best friend Abdool who chose to spend about a week in the African jungles.... Such experiences provide an opportunity to reflect back on past experiences and forge forward.... As such, everyone should aim at creating time to relax.... nbsp; … It would be appreciated that memorable journeys take proper and timely planning for them to be beneficial....
7 Pages (1750 words) Essay

Restricted Earth Fault Protection System

The aim of this research is to introduce the concept of isolating the electrical power named restricted earth fault.... hellip; Restricted earth fault is a part of electrical power engineering that bases its core role in ensuring that the electrical power by isolating some of the faulted parts from the rest of electrical power.... The core objective of the restricted earth faulted is mainly for keeping the power system in a stable condition It is termed to be “restricted” because it detects earth fault for a portion of the network....
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us