Nobody downloaded yet

Solving problems - Essay Example

Comments (0) Cite this document
Within the US, USS is currently the biggest domestically owned integrated producer of steel and ranks tenth worldwide in terms of sales. It was founded in 1991 and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful

Extract of sample
"Solving problems"

Download file to see previous pages This article will also, among others, cover an action plan for the implementation and communication of the solution.
In the recent past decades, the steel industry has morphed through copious changes and steel producers have had to adjust themselves to cope with the heightened competition within the industry as all players seek ways of achieving the much desired competitive advantage over rivals (Crandall, 1981). On its part, despite the massive investments in Information Technology, the competitiveness of USS has not changed much.
A major concern lies in the USS’ high production cost that keeps it lagging behind its South Korean and English counterparts in terms of efficiency. This clearly came in the 1990s when the company’s inefficiency in its tracking system prompted the Ford Motor Company, one of its major clients, to threaten pulling out and to seek the services of other steel makers, citing USS’ production inconsistency as the major cause of this. The investment in IT seems to have helped but the company still faces major inventory and forecasting challenges.
Prior to the major investments in IT, USS’ information flow between the company’s individual plants, factories and major clients could be summarized as inaccurate, inflexible and unmanageable (Hitt, Ireland & Hoskisson, 2007). The company’s current challenge of high production costs is the main cause for the inventory and forecasting vicious cycle. Its deficiency in a competent tracking system has prompted increased inventories which in turn has lead to lots of wastage and translated to huge costs of containing the enormous amounts of steel within its inventory.
Having lagged behind the major industry players, USS has to reinvent itself if it is to make any possible contributions to its already damaged reputation. The warning from Ford Motor Company should have served as a warning enough to trigger a major ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Solving problems Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Solving problems Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Solving Problems Essay Example | Topics and Well Written Essays - 1000 Words)
Solving Problems Essay Example | Topics and Well Written Essays - 1000 Words.
“Solving Problems Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Apply legal principles to solving practical problems
...? Case Study Analysis Case Study Analysis Mainly, the laws for bikes are provided by BS6102. That is to be superseded by the newstandards of CEN soon. However, that serves the retail purposes only in that it enlists minimum standards of compliance for the bikes at the point of sale. Bikes have to carry steady or slashing front and rear lights when ridden at night. If a bike is ridden at night, it must have a red rear reflector. For the bikes that have been manufactured after 1st October 1985, amber pedal reflectors should also be there on the bicycles. The Road Vehicle Lighting Regulations (RVLR) of 1989, which were modified subsequently in the year 1994, 1996, 2005, and in the year 2009, require all pedals of bicycles to have two...
6 Pages(1500 words)Essay
Organizational/Industrial Psychology solving problems
...? (Unit May 3rd Toto’s Gourmet Pie and Coffee Shop Industrial psychology solving problems Introduction The George’s consultancy firm is a company that specializes in doing research about a specific problem in a company, finding solutions and making necessary recommendations to prevent the re-occurrence of the problem. Having branches in 12 states in America, our company has efficient, well trained and experienced personnel. Due to our good reputation in service delivery, the Toto’s Gourmet Pie and Coffee Shop has hired our services. Toto’s Gourmet Pie and coffee shop is a national chain of about 100 outlets that operates primarily on the west coast. Apart from having a...
8 Pages(2000 words)Term Paper
Solving Mathematical Problems
...If I was in a room with 4 other people and wanted to shake everyone's hand, four handshakes would happen. It gets trickier though if I wanted to know how many handshakes there would be if everyone wanted to shake everyone else's hand once. By using diagrams to find out how many handshakes would happen for different numbers of people, a pattern might be found. This pattern could make it much easier to solve the problem for even larger numbers of people. Patterns can be very helpful to find out the answers to mathematical problems. To find out how many handshakes there would be with 5 people in the room I had to make a diagram. At the top of my diagram I had colored five colored dots...
3 Pages(750 words)Math Problem
PMI and factors for problems solving
...Question#4: What is the best solution for PMI Why Do you think PMI will be successful in solving the problem Explain your answer. Answer: The available facts suggest that PMI is facing a problem which multiple agencies as well as countries requiring it to meet different regulatory requirements thus forcing it to adopt to a strategy which uniquely cater all the regulatory requirements as well as help PMI to save its goodwill in the market. PMI tried different technologies with lit bit of success however all technologies implemented resulted into slowing the production process at PMI. Thus technology has not resulted into solving the problem. In order to...
2 Pages(500 words)Essay
Solving case study problems on operation management
...which of the four options was the best to go with (Pirolli et al, 1999). Another theory evident in this case study is the activity theory. The theory suggests that minds are the product of how much people interact with others people and the experiences they gain in their everyday lives. This theory will help understand how the process of decision making can be done correctly. Chatsworth took the first initiate in identifying that there was really a problem. The adventure playground was consuming a lot of money compared to the profit; therefore, definitely something had to be done. The promotion and education manager had been involved in other decision making scenarios, but this one was different. As the theory...
1 Pages(250 words)Case Study
Marketing solving problems
... Task Marketing – Solving Problems Contextually, a grocery store that experiences business hitches hence has no s visiting its premises can have its problems solved by well established marketing mix (5Ps). This is a critical provision in the context of marketing and promotion of plunging business. It is vital for the tumbling grocery store (discussed in this context) to re-strategize its marketing provisions so as to realize credible customer’s influx. Case analysis of the Grocery Store Marketing Mix is combination of promotional techniques that different entities use to market their new products. Through viable and well-orchestrated marketing mix, organisations are able to identify practicable marketing rudiments to promote... Task...
6 Pages(1500 words)Essay
Solving problems in electrical science
...Electrical Science Question A flux of 0.6Wb passes through a motor field pole with an area of 120cm2. Calculate the flux density. Flux density, B,is defined as flux per unit area. Therefore, Question 2: Calculate the force on a conductor 40cm long, with a current of 100A, at right angles to a magnetic field of flux density 0.25T. Sketch a diagram to indicate the direction of the force relative to the conductor and the magnetic field. Force on a current carrying conductor placed perpendicularly in a magnetic field is given as(LearnNext): The force of 10N acts perpendicular to both the current and the magnetic field and graphical representation is shown below. Question 3: A force of 80N acts on a current carrying conductor 80cm long...
10 Pages(2500 words)Assignment
Worlds Environmental Problems and their Solving
...for the resources that are extracted and sold to us, we will also pay for the economic hardships that are the result of this environmental exploitation. On the other hand, the companies who provide these products are benefiting themselves; oftentimes without even thinking of the damages they left have behind. It is obvious, however, that individuals are always looking to increase their income no matter the external costs. As such, this greed is one of the only reason that keeps companies and individuals from destroying the environment we share. Yet, blame alone is not sufficient to solve this problem. Instead, standing and defeating these companies by ignoring their products is the best thing to help...
6 Pages(1500 words)Essay
Introdoction to business problems solving class, assignment
...Summary of Crime Information Looking at the charts of crimes in Colorado and its cities, it is very clear that the violent crimes are less committed than the property crimes. This therefore shows that people actually have higher tendencies to commit property crimes than the tendency to commit violent crimes. Violent crimes are closely related to human-human crimes. This therefore means that people tend to be more afraid to commit crimes when they are being seen by others or committing crimes when others are directly watching or on them. On the other hand, property crimes are committed on properties which are non-living. It therefore means that, the rate of crime is high, or the tendency to commit a crime in Colorado is high when... of Crime...
2 Pages(500 words)Assignment
Solving problems and making decisions
...Solving Problems and Making Decisions: Background As an Oil and Gas Company in the United Arab Emirates, we face multiple problems as any other organization. Headquartered in Abu Dhabi, we have multiple organizations under our umbrella in Abu Dhabi and other regions of the country. I have been employed as an analyst in the business planning for the past four years. First, under corporate planning in one of the companies and now in the headquarter as senior planning analysis in exploration and production directorate present situation One of my responsibilities is finding solutions while monitoring a five years business plan flow as planned. For instance, a while ago we in the...
3 Pages(750 words)Coursework
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.
Let us find you another Essay on topic Solving problems for FREE!
Contact Us