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Create A Problem Statement Kudler Foods

1014 words - 5 pages

An issue is something for discussion or of general concern difficulty; an issue is the preparation for a problem. An issue is something that needs to attention; but is not detrimental. A problem is a difficult situation that can become detrimental to a company. The Kudler Company is dealing with issues that could eventually become detrimental problems that could hinder the company if not addressed before substantial growth.
Kudler foods face many issues that can eventually become problems, if not corrected. The goal of Kudler foods is to be a one stop shop with a reasonable price. The mission statement says that they shop the whole world for their products. The finest is what they ...view middle of the document...

To provide superior customer service in the present and the future depends on the validity and accuracy of the forecasting or finance department of the company. One of The other issues that Kudler Foods has, all companies will have to deal with, that is forecasting. Kudler Foods must “forecast which items to carry and how much to carry in the future has always been a challenge” (Kudler Foods). “The owner Kathy and the department managers use historical data on which items and what quantities were sold in the last 2-3 years, especially on holidays” (Kudler Foods). The forecasting provides an inclination of which items and what quantities to carry in the future (Kudler Foods). Inventory Management is also a concern for Kudler foods because excess inventory is always a concern. The excess inventory represents company money sitting and not producing revenue present or future. Being. The Excesses in inventory can also produce write-downs of the merchandise that would minimize profits. The solution to have accurate accounts of the markets and accounting within the company is to provide precise information to determine accurate forecasting. Forecasting although helpful is not a 100% solution to the foretelling of the markets movement. Proper management and firm accounting standard will add to the survival and growth of the company.
Kudler foods say in their mission statement that they want to provide the customer with an unparallel environment. Kudler cannot meet these standards because Kudler states that the Security for Kudler Foods is also an issue because of the power problems that California is experiences that has a definite financial affect on the company, so the Kudler Foods installed auxiliary generators in all the stores. The installation of the generators enabled the finance and accounting systems to be supported seven times 24, ensuring that vital information would not be lost. The issue of the lack of power was resolved by the installation of generators to ensure that there would be no lack...

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