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Bunz Bakery

In: Business and Management

Submitted By gs443453
Words 366
Pages 2
Buns Bakery Part 2

#2
Buns Bakery should revise the numbers to show only the 10% drop in sales like Nicole has been suggesting to Jeff. Jeff is concerned with his bonus for the first quarter but what Jeff is failing to realize is that if they do not get the financing from the VC firm he won’t be getting any bonuses in the near term. Jeff needs to sacrifice immediate gratification for the long term growth of the company. By revising the numbers it would show the VC that the support is there for the additional investment. This is the simplest solution and it is not a drastic change. Nicole has already done the preliminary industry studies to support this revision and the change is warranted.

#3
We recommend that Buns Bakery hire a collection specialist to improve the rate that is collected in the first quarter and change the terms to 15 net 30. A quick solution would be to have the summer intern Bob start the process by calling on the accounts that fail to pay in a timely manner. Even though they have no bad debt having Bob start to lay the ground work for the change can go a long way in making this a smooth transition. Buns could also offer incentives to customers that pay before the 30th day; some suggestions would be a 1-2% discount or offer credit on the next order if the previous order way paid within the 30 day terms.
We would also recommend to Buns that they move to a JIT inventory system. By moving to the JIT system Buns would be able to adjust to any seasonality changes and be able to mitigate any spoilage of inventory b/c of slow sales months. By getting a handle on the inventory they would be able to predict over time certain spikes in demand and avoid any excess inventory that may go to waste. The only issue with moving to JIT would be having to pay the suppliers the full amount during the quarter the inventory was purchased. This...

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