Premium Essay

Wgu - Supply Chain - the Entire Course - All 3 Tasks

In: Other Topics

Submitted By stevebaker
Words 2331
Pages 10
WGU - Supply Chain - The Entire Course - All 3 Tasks

Task 1 Supply Chain Management Simulation Analysis (B): Utilizing pro-forma balance sheets revealed that I was too conservative in my initial approach. My market share was 98% in the traveler series but dismal in the workhorse line. My decision to invest $400,000 into a certificate of deposit was a critical error. I should have opened an office in Europe sooner to maintain market share. Pro-forma financial statements are critical to determine the outcome of previous decisions. After my third quarter my error was to not completely analyze my financial statements. Earlier, in the second quarter, I had went from a negative $394,000 to a positive $493,749. This gave me confidence in my traveler line and since I was only at 4% market share with the workhorse line – I dropped the line completely. I made the decision after reviewing analysis of my profit and loss statements. I viewed this as a low profit item that was taking away from our cash assets that could be best used to catapult our traveler line My initial goal was to gain market share and defend it. I gained market share but did not keep it. My conservative approach early in the simulation did not allow me time to defend my 98% market share. I analyzed competitors and they were gaining ground against me. Competitive Posture
X build a market position and defend it
X take the lead and keep it be first to market be the leader in all things
X be a fast follower, imitate smart competitive moves In the 3rd quarter the pro-forma statement guided me with my decisions. I admittedly did not see that although I decided to incur the tremendous expense of opening…...

Similar Documents

Premium Essay

Supply Chain Task 1

...JCT2 Supply Chain Task 1 B 1. Evaluating my use of budgets and pro-forma statements to plan for production capacity In Ralph Estes's Dictionary of Accounting, a pro forma financial statement is defined as "a financial statement prepared on the basis of some assumed events and transactions that have not yet occurred." (Estes, 1981) Historical financial statements are used to measure an organization's past financial performance and condition. Without historical financial statements, financial analysis and evaluation would not be possible and management, board members, investors, and customers would be largely in the dark about how well an organization has done. Pro forma financial statements are similar to historical financial statements in appearance and use, except that they focus on the future instead of the past and are based upon assumptions rather than hard fact.  According to CliveVlieland-Boddy “the construction of pro forma statements is based upon detailed financial projections and the historical relationships between different income statements and balance sheet accounts. A set of current financials serve as the foundation on which the pro forma will be built.” (Vlieland-Boddy, 2011) With starting a new company and brand, I did not have much in the way of current financials to use for helping create the pro forma statements initially. When I did start receiving the reports, the information was hard for me to use for projections due to the lack of a track......

Words: 3650 - Pages: 15

Premium Essay

Supply Chain Task 1

...Task 1 Assessment for Supply Chain Management B. I named my microcomputer company GigaJet. I don’t know if it is true for everyone that opens a business, but I find that naming a business is a very difficult task. The company name is reflective of what I wanted shareholders to feel when they saw and used the product; a microcomputer that has a lot of storage, “Giga”, and is fast and can go anywhere, “Jet”. Within the simulation each business was required to pick two segments to manufacture the microcomputers for. At GigaJet I chose to focus the manufacturing of our products to supply the workhorse and traveler customers. I chose these two segments because they had similar customer needs and wants, as well as a high potential demand. The next step within the simulation was to choose which markets to sell the microcomputers to. I developed a simple spreadsheet to analyze what markets would be the best fit for the company’s long term success. This spreadsheet was developed by multiplying the potential demand in each segment by the price that customers were willing to pay. From the following spreadsheet, I determined that the best markets for GigaJet to sell to were in the North American and European markets. |North America|Europe|Asia|South......

Words: 4234 - Pages: 17

Premium Essay

Supply Chain Rjct Task 3

...that is composed of manufacturers, supply chain partners, distributors and financiers who try to stay financially independent but work closely with each to ensure each other’s success.  In Japanese, the word keiretsu means “group.”  In business sense, the word is sometimes used as another word for partnership or alliance. Using this strategy will help your company by assisting in establishing stable, long-term partnerships, which in turn will help them to focus on core business requirements needed to assist with maintaining your products and production in several different aspects. Because the product that is being developed here is an intricate electronic device, there will be several partnerships that we will develop over time such as parts distributors and other components of our products ( /terms/k/keiretsu.asp#axzz2IwCjpAVn). Using this strategy will also help us with the management of our finances through assistance with other departments and entities that specialize with financing. Even though this strategy is meant to sustain stability, this same stability can sometimes become an issue and cause problems with us being the manufacturer by not responding quickly to changes in the economy, culture or technology. Typically companies using this strategy organize around their own trading companies and banks. Each company using the keiretsu strategy is capable of controlling nearly every step of the economic chain in a variety of industrial,......

Words: 6539 - Pages: 27

Premium Essay

Task 1- Supply Chain

...Tiffany S. Williams, MBA 06/01/2012 My Mentor: Megan Murphy Houston, Texas- Central Standard Time Task 1 Supply Chain Management Simulation Analysis (B): With utilizing the pro-forma balance sheets revealed that I did not use the correct approach. My overall market share for traveler was around 94% however in the workhorse line my overall market share was only around 42%. I made a decision to invest $500.000 into a certificate of deposit which proved to be disastrous. I only opened one office in North America and because of my neglect in opening an additional office, I was not a leader in the market share. It is vitally important to utilize the pro-forma balance financial statements as they are used to determine the outcome of previous decisions that one has made. Earlier, in the first quarter, I had a negative $294,000 that required that I take an emergency loan of $300,000. This was disappointing to me because and made me understand that I needed to make some adjustments especially since I was only at 3% market share with the workhorse line – I dropped the line completely. I made the decision to drop the workhorse after reviewing my profit and loss statements. I viewed this as a low profit item that was taking away from cash assets that could be best used to catapult our traveler line and this was the overall cause of having to take the emergency loan with the loan shark. My overall goal was to regain market share and then work to defend it. I eventually......

Words: 6226 - Pages: 25

Premium Essay

Supply Chain Task 3

...The investors of Best Tool Company (BTC), a company established to manufacture and sell electric drills, saws, and sanders, have requested a supply chain strategy which is outlined below. A.) In considering options for supply chain strategy, the pros and cons of various methods should be considered. In this section, the Keiretsu networks, Virtual Company, and Vertical Integration methods will be discussed. Keiretsu networks are business networks composed manufacturers, distributors, and financiers. In this model, the manufacturers may choose to be partial owners of the suppliers and the suppliers become part of the company coalition (Heizer & Render, 2011). The benefit of a Keiretsu strategy is the mutually beneficial relationship through shared goals which provides a level of trust. This network strategy is compelling in that the risk that is normal in supply chains is spread somewhat. Also, the flexibility provided by this strategy is impressive. Short-term relationships can be developed with multiple vendors which assist in negotiating reduction of costs paid to these vendors. Long-term relationships will be developed over time with a few key vendors which provide security in the delivery of high quality products. A few disadvantages to consider are costs involved in maintaining the network when multiple vendors are involved. It is important to actively manage these relationships to avoid increased costs of goods or services and to monitor quality. A......

Words: 3419 - Pages: 14

Premium Essay

Wgu Supply Chain Task 2

...Task 3 A. Recommend, with sufficient support, the adoption of one of the following strategies by the power tool company: a Keiretsu network, a virtual company, a vertical integration, or a different supply chain strategy. An efficient supply chain is fundamental to the success of any organization. The expense of the supply chain is usually an organizations largest cost therefore implementing a strategy that effectively minimizes costs while maintaining product quality is an effective way to increase profits. The best way to minimize costs and maximize product quality is to adopt a lean operations strategy that includes just in time (JIT) initiatives. Central to the JIT technique is continuous problem solving. JIT requires that items and materials are ordered only when needed minimizing inventory. When inventory is minimized wasted costs in layout, quality, and procurement are easily spotted and immediately dealt with. With JIT very few suppliers are chosen creating large commitments to the organization. The suppliers should also use JIT and offer their expertise in design and quality control to the supply chain. Since the owners of the power tool company are willing to own or invest in any component of the supply chain I would recommend they initiate a Keiretsu. A Keiretsu is a company coalition which includes few key suppliers and secondary suppliers. The power tool company would support key members of the Keiretsu through ownership or loans. The......

Words: 2877 - Pages: 12

Premium Essay

Supply Chain Task 2 Wgu applications, could link to other PC’s, offered a normal speed and easy on the eyes. I reasoned that for most office environments a higher computing power was not necessary. I also felt games were a waste of money. The other reason for these decisions was based on the cost of manufacturing the unit. I had decided on a sales price of $2,500 and my built cost for the unit was close to $2,000. I also was not willing to offer rebates on a newly introduced product. In quarter III I found out that some of my design decisions were right and some were wrong. Customers for the office model wanted high performance computing power and games. As I had anticipated I had higher margins on the engineering PC versus the office PC. Also almost all competitors decided to concentrate on the desktop model versus the laptop model. Only one company Creative Computers had offered a laptop model. For the engineering market customers wanted a PC that was fast and powerful, offering engineering apps, could link with other PC’s, was easy on the eyes, offered after sales support, easy to use, had office apps and last a low price. The product I designed was fast and powerful, offered office apps, could link with other PC’s, was easy to use. Again I felt that low price should not be offered with a newly released product. In quarter III I found out that these decisions on this product were in line with customers expectations. Nevertheless I knew I had to redesign our PC for the......

Words: 3386 - Pages: 14

Premium Essay

Supply Chain - Task 1

...JRT2: SUPPLY CHAIN – TASK 1 SIMULATION ANALYSIS TROY A. KRUMWIEDE WESTERN GOVERNORS UNIVERSITY JRT2: SUPPLY CHAIN – TASK 1 SIMULATION ANALYSIS Simulation Analysis PrimeComp is a company introducing a new line of microcomputers throughout the world market. It is PrimeComp’s mission to provide its customers, from around the world, with quality computer systems that meet specific business requirements at the best possible value. During the first quarter of operation, PrimeComp’s management reviewed market research to develop two brands in two target segments. PrimeComp’s primary brand, Champion, would be marketed to the Mercedes target market. A second brand, Globetrotter, would be designed for the secondary market, Traveler. To best reach PrimeComp’s customers, it was determined that two sales offices would be necessary. The first sales office was located in New York, North America and the second would be opened in Tokyo, Asia. These two locations revealed the most potential for the two brands and target markets. A factory was built that would create approx. 3,250 units per quarter. PrimeComp generated financing by issuing closely held stock. A total of 20,000 shares of common stock were issued at 100 per share to the owner and team members. This investment will be used for all first quarter expense and the unused balance will be carried over to quarter two. During the second quarter we will need to hire sales, services, and factory worker personnel. ......

Words: 3662 - Pages: 15

Premium Essay

Wgu Jct2 Supply Chain Task 1

...Managing Internal Cost & Controlling – Developing & Maintaining Quality – Managing Operations JCT2 Supply Chain Task 1 Western Governor’s University Introduction My company name was Arete Sytems. Arete is an ancient Greek term meaning “excellence of any kind”. The choice of name was intended to represent the quality, high-end systems that we would produce. B1. Using Budgets and Pro-Forma Statements to Plan Production Capacity One of my key lessons from this simulation was the importance of working in teams and openly discussing decisions that need to be made before making them. I approached the simulation as the only team member because the simulation didn’t include other participants. In retrospect, I would have assigned other members, at least in my mind, to gain additional team insights. I was not careful enough in setting pricing for my two products correctly in the second quarter when we actually began sales. I priced my high end Mercedes line accidentally at the price I had planned for my mainstream Workhorse line and vice-versa. I did not look closely enough at my pro forma cash flow or income statements to recognize the forecasted loss and as a result did not dig deep enough to see the reasons and to make the adjustments in pricing. I was overly focused on cash at that point to fund production capacity. I discovered the error when evaluating second quarter actuals. Going into third quarter planning, I looked at the pro forma cash......

Words: 2496 - Pages: 10

Premium Essay

Wgu Mgt2 (It Project Management) Complete Course Task 1 - 3

...WGU MGT2 (IT Project Management) Complete Course Task 1 - 3 IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com TASK 1 DOMAIN 320 – IT PROJECT MANAGEMENT Competency 320.1.1: Project Management Tools – The graduate evaluates potential project management tools for alignment with specified project activities. Competency 320.1.3: Scheduling – The graduate creates project schedules that ensure timely project completion. ________________________________________ Introduction: Read the attached “GenRays Case Study” before completing this task. Scenario: GenRays recently implemented a new centralized system for finance, purchasing, logistics, and accounting. This system has provided cost savings and other benefits to the company. Management expects that similar business benefits would be possible with a new centralized Human Resources Information System (HRIS), which would include payroll functions. Currently a rather primitive payroll system is used, and small teams have been deployed to work in each company location to support local payroll and human resources functions. The proposed HRIS would replace this primitive one. GenRays management has asked you to act as the project manager and lead a project team to put together a plan for the HRIS project that will allow senior...

Words: 1787 - Pages: 8

Premium Essay

Wgu - Entire Risk Management Course

...WGU - Entire Risk Management Course RM.Risk Register Risk Identification Qualitative Rating Risk Response Risk Risk Category Probability Impact Risk Score Risk Ranking Risk Response Trigger Risk Owner Boiler malfunction at Disaster Recovery Data Center, particularly in the winter, could result in the building pipes freezing and bursting, resulting in the inability to properly control the temperature and humidity, of an eco controlled room. Building Maintenance 9 10 90 1 Replace boiler, power down all equipment through Emergency Power Off (EPO) switch and remediate all damage ensued Age and number of years of in service of boiler Manager, Disaster Recovery Underground communication lines severed, creating total communication blackout of corporate campus, to include enterprise connectivity, phone lines, and all inbound and outbound traffic of any sort. Business Continuity 7 10 70 4 Utilize wireless point-to-point infrastructure for all essential business components, run temporary connections from building to building across the ground to restore connectivity, begin splicing or recabling corporat campus; dependent on extense of the damage. New construction taking place near area were communication lines are passing through. Director, Business Continuity Loss of primary electrical feed from local electrical company. Facilities Management 4 5 20 8 Turn on backup......

Words: 501 - Pages: 3

Premium Essay

Wgu Qrt2 E - Business Entire Course Tasks

...WGU QRT2 E - Business Entire Course Tasks QRT2 TASK 1 A1. This type of business is a niche. Unless you are out looking for this type of product, it may not be easy to find unique little shops. Sometimes, the avid potter or crafter will have to drive miles to find little businesses to shop at. The location of Pleasant Garden Pottery is in Pleasant Garden, North Carolina. It is well off the beaten path of the busy interstate and nowhere near located other shops and strip malls. This quaint little shop would benefit from a more prominent online presence. By developing a full online website and advertise on social media websites, can produce traffic not only in the North Carolina area, 2. Assessments of Online competitors By scoping out the online competition, it allows you to evaluate its effectiveness to promote their business online. In order to attract an online clientele, the website will need to be easy to navigate but also have that “WOW” factor when the page is opened. First impressions are always so important in real life, and the same applies to websites. 3. Online Marketing Suggestions and Strategies: Since this business is a brick and mortar business, utilizing the internet to market the store will not only increase traffic to the business but will boost the company’s name recognition and the products it sells. 4. Social Media Integration: Pleasant......

Words: 1064 - Pages: 5

Premium Essay

Wgu Szt1 Community and Population Health - Entire Course All 4 Tasks

...WGU SZT1 Community and Population Health - Entire Course ALL 4 Tasks TASK 1 Task: A. Formulate an appropriate community diagnosis for the selected community by doing the following (suggested length of 4–6 pages): 1. Describe the selected community based on the assessment. 2. Interpret the collected data using concepts of epidemiology (e.g., birth rate, death rate). 3. Create a community genogram to present the data collected in the assessment. 4. Provide a short interpretation of the genogram, including the health indicators for this community. 5. Formulate a community diagnosis based on the data collected. B. If you use sources, include all in-text citations and references in APA format. TASK 2 Explain how your own perceptions about quality of life and health promotion might affect your care for a dying patient with a lingering illness such as cancer. B. Discuss three strategies that you could use in the Thomas’s situation to improve the quality of life for Mrs. Thomas and her husband during this illness. C. Create a holistic nursing action plan appropriate for managing Mrs. Thomas’s care at home. 1. Discuss ways to optimize Mrs. Thomas’s functional ability at this stage of her illness. 2. Discuss ways to provide care for Mrs. Thomas once self-care is no longer possible. D. Explain how...

Words: 665 - Pages: 3

Premium Essay

Wgu Biochemistry Task 3

...WGU Biochemistry Task 3 A1) There are several differences between the oxygenated and deoxygenated states of hemoglobin. One difference can be seen in the conformational state of the hemoglobin protein. When oxygenated, the protein takes on the T (tense) state; and when deoxygenated, the protein takes on the R (relaxed) state (Hudon-Miller, 2012b). Another difference arises when oxygen binds to the hemoglobin, resulting in a change in the shape of the protein. In the deoxygenated state, the heme group forms a domed shape; and in the oxygenated state, the heme group takes on a planar shape (Hudon-Miller, 2012b). A2) The relationship between pH and the ability of hemoglobin to bind and release oxygen is referred to as the Bohr Effect. The blood’s pH level is greatly influenced by the carbon dioxide that is produced by most of the body’s cells during the citric cycle (Hudon-Miller, 2012d). Greater CO2 concentration lowers the blood’s pH level, making it more acidic. In turn, lower CO2 concentration increases the blood’s pH level, making it more basic. Since the lungs function involves breathing in oxygen and blowing out carbon dioxide, the lungs are absolutely crucial in maintaining the pH balance that the blood requires (Hudon-Miller, 2012d). While in the lungs, the hemoglobin becomes saturated with oxygen and slowly delivers it to the body’s tissues as it travels through the bloodstream. At the same time, the hemoglobin is also picking up the carbon dioxide that is......

Words: 597 - Pages: 3

Premium Essay

Task 3 Supply Chain

...Task 3 Supply Chain Strategy by Daniel Alcaraz 11-7-11 A) Keiretsu Network: There are several choices of strategies we can adopt when we are talking about the supply chain of a company. The first strategy I would recommend and adopt over vertical integration or a virtual company which I will explain later is the strategy of a Keiretsu Network. It was founded by Japanese manufactures in which its part of a collaboration and part purchasing from suppliers and its also part vertical integration. The manufactures are major financial supporters of the suppliers through their ownership or loans. The suppliers become a major part of the company's coalition called Keiretsu. Any members of this network are assured long term relationships and are expected to to behave as partners and provide their expertise on quality production to the manufacture. Members can also have Keiretsu father down the supply chain which makes second and even third suppliers apart of this coalition. Finding the right strategy for our company will be the start of our supply chain strategy. The main three are the Keiretsu network, virtual company, vertical integration. All three have their advantages and disadvantages. An example of a Keiretsu network would be our company working closely with a supplier, such as a motor manufacturer but not necessarily owing their company. A virtual company is network of independent......

Words: 2420 - Pages: 10