Essay on Chads Creative Concepts Case Study - 707 Words

Chad’s Creative Concepts Case Study 1. What types of decisions must Chad Thomas make daily for his company’s operations to run effectively? Over the long run? Chad Thomas needs to make sure daily manufacturing schedules are aligned with the current orders. The fact that the same set of employees and the same set of tools are being used to manufacture both the custom and the standard pieces of furniture is definitely problematic. In order to meet the demands of each product, it is critical that scheduling be created in the most efficient of manners given the current constraints. Allocating all the resources properly is a key along with scheduling and layout. In regards to long term decisions, Mr. Thomas is going to have to decide†¦show more content†¦The custom line has taken priority, however, due to the higher dollar sales, and the standard lines products were often left temporarily incomplete till the custom orders were met. This is a significant problem because the consumers of the standard furniture expect lower lead times and lower prices. 3. How has the move to producing standard furniture affected the company’s financial structure? The profits have increased for the company with the custom line accounting for 60% of volume and 75% of dollar sales according to this case study. The standard line has seen a continued increase in sales as well. What comes with the increased profit due to the increased manufacturing is the need to put higher amounts of capital into storing the higher inventory. With the company being at capacity, the lead times may not be meeting consumer demands either. The expansion that is needed would initially cost Chad’s Creative Concepts greatly. Without some type of expansion (which would most likely require a new plant), soaring inventory costs will need to be attended to. 4. What might Chad Thomas have done differently to avoid some of the problems he now faces? Perhaps Mr. Thomas should have studied and evaluated what pursuing a standard line of furniture in addition to maintaining the custom line of furniture wouldShow MoreRelatedChads Creative Concept Case Study718 Words   |  3 PagesCHAD’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 holdingRead MoreChad s Creative Concept Case2817 Words   |  12 PagesUNIVERSITY OF NEW BRUNSWICK, SAINT JOHN CASE 1: CHAD’S CREATIVE CONCEPT CASE 2: CUSTOM MOLDS INC. MBA 7626: Production Operations Management Instructor: Dr. Ali Sher Prepared by: Team 3, Section 1 Eshhad Islam 3515729 Read MoreProject Mgmt296381 Words   |  1186 PagesCross Reference of Project Management Body of Knowledge (PMBOK) Concepts to Text Topics Chapter 1 Modern Project Management Chapter 8 Scheduling resources and cost 1.2 Project defined 1.3 Project management defined 1.4 Projects and programs (.2) 2.1 The project life cycle (.2.3) App. G.1 The project manager App. G.7 Political and social environments F.1 Integration of project management processes [3.1] 6.5.2 Setting a schedule baseline [8.1.4] 6.5.3.1 Setting a resource schedule 6.5.2.4 Resource