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What should do?

What should do?. OSCO 1 1 st R ound Room 3093 Jess Miller Jazna Stannard Lauren ( Luojing ) Liu Huan Zhi. Agenda (Jazna Stannard). Question: What should Geddy do?

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What should do?

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  1. What should do?

    OSCO 1 1stRound Room3093 Jess Miller Jazna Stannard Lauren (Luojing) Liu HuanZhi
  2. Agenda (Jazna Stannard) Question: What should Geddy do? Complication: Geddy has too many products and not enough storage space while combating temperature fluctuations throughout the seasons Plan accordingly by implying target level top 3 margin policy for the entire peak season Recalculate the estimated average demands to improve weekly profits Recommendation: Geddy needs to utilize the limited space in the best way possible to produce the highest profit margins Goal: Increase total profits
  3. Overview of the Approach (HuanZhi)
  4. Sticking to Company Values (HuanZhi) Driven by Company Philosophy Geddy believes that manufacturing ice-cream in an artisan way are to provide finest and tastiest ice-creams and establish strong branch name and a loyal customer base Having an upper advantage in the market, Geddy refuses to use substitutes, the primary ingredients in their competitors products “Ice-cream is a business which is clean, hygienic, and provides both retail and branding opportunities” - Vijay Geddam, Founder, Geddy’s Ice-cream
  5. Market Potential (Lauren (Luojing) Liu) Market Potential Despite the climatic appeal Indian has very low per capita ice-cream consumption but over the past year aggressive local business players have been emerging into the market, the opportunities in India make the venture a sure success
  6. Seasonal Demands (Lauren (Luojing) Liu) At high peaks in temperature profit ensues and demand increases resulting in continued growth for the company
  7. Stock Outs (Jess Miller) Problem: Geddy is running out of high profit products Solution: To implement the target level for top three margin policy during the seasonal peak, weeks 14-43 This will reduce the stock out of high profit product increasing the profit margins
  8. Low Profits (Jess Miller) Problem: There is a significant profit drop in weeks 29-35 Solution: Recalculate the estimated average demand This will create more units to be utilize in stock out items, creating less unsold units at the end of the week
  9. Out Sourcing (Jazna Stannard) Problem: Within an organization different departments can have different methods of running a process, outsourcing only furthers this problem. Milk Geddy’s milk supply for the ice-cream is not harvested from one location but small quantities across several farmers Solution: Find larger farmers to produce bigger quantities Chocolate Geddy’s chocolate supply comes from Africa, this distant relation to another country leaves Geddy’s at a disadvantage if they were to lose the relation. Solution: Bring in all products from within the country of India Delivery Trucks The delivery system is out sourced, something that Geddy is hoping to change upon in the future with their own line. Solution: Looking upon future planning is key for success and innovation
  10. Implementation (Jazna Stannard) We propose to increase Geddy’s profit margin through the implementation of reducing stock outs and reducing significant profit drops Through the recalculation of estimated average demands we will eliminate unsold products at the end of the week By minimizing out sourcing and promoting more services within the organizations profit will rise, product quality will increase, and reliability upon arrival will occur
  11. Questions & Answers
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