Reference: Company B is currently running on an average rate. It does not earn too much but it makes sales enough for maintenance, salaries, income, and savings. Its business process includes cleaning and maintaining, purchasing, and kitchen work. They train their staff to be all-around workers who can do multitasking. In terms of management, they only make use of the basics since it is the only strategy needed. Company B makes use of a traditional inventory wherein they manually count their stocks and money. There is a designated person for each task. For its supplies, they make use of the consignment method. In this case, they only have one supplier for liquors. For other supplies which are accessible, they usually buy from the wet market nearby. Overall, Company B is in this venture because of the owner's passion and love for food. 3 Problems seen in the situation: 1. It does not earn too much but it makes sales enough for maintenance, salaries, income, and savings. 2. Company B makes use of a traditional inventory wherein they manually count their stocks and money. 3. They only have one supplier for liquors. For other supplies which are accessible, they usually buy from the wet market nearby. Goal: The goal of every company is to acquire a high profit margin and have good market share while minimizing costs for their operations. Along the way, most companies encounter problems that hinder them from achieving their goals. Some problems can be answered by simply allocating more budget for human resources, hardware or software upgrades, other problems would require more than the above- mentioned solutions. Simply put, companies will achieve their goals and improve their operations with the best use of computer technology, this can be done with the right evaluation and proposal of solutions through this business case. Proposed Solutions: Solution for no. 1- Digital marketing Solution for no. 2- Perpetual Inventory System Solution for no. 3- Supplier Quality Management System Were my proposed solutions right? I have already researched to come up with these solutions, but I am still doubting if they are the right ones because I have a hard time comprehending how they will fully work with the problems. Or, Can someone help me have a better solution if there is any? Or, if the solutions are already reasonable, can someone help me comprehend them better on how they will work with the problems?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
100%
Reference:
Company B is currently running on an average rate. It does not earn too much but it makes sales enough
for maintenance, salaries, income, and savings. Its business process includes cleaning and maintaining,
purchasing, and kitchen work. They train their staff to be all-around workers who can do multitasking. In
terms of management, they only make use of the basics since it is the only strategy needed. Company B
makes use of a traditional inventory wherein they manually count their stocks and money. There is a
designated person for each task. For its supplies, they make use of the consignment method. In this
case, they only have one supplier for liquors. For other supplies which are accessible, they usually buy
from the wet market nearby. Overall, Company B is in this venture because of the owner's passion and
love for food.
3 Problems seen in the situation:
1. It does not earn too much but it makes sales enough for maintenance, salaries, income, and
savings.
2. Company B makes use of a traditional inventory wherein they manually count their stocks and
money.
3. They only have one supplier for liquors. For other supplies which are accessible, they usually buy
from the wet market nearby.
Goal:
The goal of every company is to acquire a high profit margin and have good market share while
minimizing costs for their operations. Along the way, most companies encounter problems that hinder
them from achieving their goals. Some problems can be answered by simply allocating more budget for
human resources, hardware or software upgrades, other problems would require more than the above-
mentioned solutions.
Simply put, companies will achieve their goals and improve their operations with the best use of
computer technology, this can be done with the right evaluation and proposal of solutions through this
business case.
Proposed Solutions:
Solution for no. 1- Digital marketing
Solution for no. 2 – Perpetual Inventory System
Solution for no. 3 – Supplier Quality Management System
Were my proposed solutions right?
I have already researched to come up with these solutions, but I am still doubting if they are the right
ones because I have a hard time comprehending how they will fully work with the problems.
Or, Can someone help me have a better solution if there is any? Or, if the solutions are already
reasonable, can someone help me comprehend them better on how they will work with the problems?
Transcribed Image Text:Reference: Company B is currently running on an average rate. It does not earn too much but it makes sales enough for maintenance, salaries, income, and savings. Its business process includes cleaning and maintaining, purchasing, and kitchen work. They train their staff to be all-around workers who can do multitasking. In terms of management, they only make use of the basics since it is the only strategy needed. Company B makes use of a traditional inventory wherein they manually count their stocks and money. There is a designated person for each task. For its supplies, they make use of the consignment method. In this case, they only have one supplier for liquors. For other supplies which are accessible, they usually buy from the wet market nearby. Overall, Company B is in this venture because of the owner's passion and love for food. 3 Problems seen in the situation: 1. It does not earn too much but it makes sales enough for maintenance, salaries, income, and savings. 2. Company B makes use of a traditional inventory wherein they manually count their stocks and money. 3. They only have one supplier for liquors. For other supplies which are accessible, they usually buy from the wet market nearby. Goal: The goal of every company is to acquire a high profit margin and have good market share while minimizing costs for their operations. Along the way, most companies encounter problems that hinder them from achieving their goals. Some problems can be answered by simply allocating more budget for human resources, hardware or software upgrades, other problems would require more than the above- mentioned solutions. Simply put, companies will achieve their goals and improve their operations with the best use of computer technology, this can be done with the right evaluation and proposal of solutions through this business case. Proposed Solutions: Solution for no. 1- Digital marketing Solution for no. 2 – Perpetual Inventory System Solution for no. 3 – Supplier Quality Management System Were my proposed solutions right? I have already researched to come up with these solutions, but I am still doubting if they are the right ones because I have a hard time comprehending how they will fully work with the problems. Or, Can someone help me have a better solution if there is any? Or, if the solutions are already reasonable, can someone help me comprehend them better on how they will work with the problems?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.