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Kudler Fine Foods Problem Essay

768 words - 4 pages

Kudler Fine Foods Problem describes the problem that Kudler Fine Foods (KFF) is experiencing, defects causing the problem and the end vision if management realizes the opportunities. The owner of KFF has the majority of the responsibilities and a product line in which a high percentage of the perishable goods rotate out of inventory every two to three days creating a decrease in net income.
Once the problem is defined, KFF must identify the defects causing the problem. First, one must look for opportunities within the owners’ various responsibilities. The owner, Kathy, is the main management person handling the planning, organizing, leading, and controlling people for three stores. She ...view middle of the document...

Because many of the factors in the risk assessment are items out of KFFs’ control, one can focus on solutions within their control. KFF must have an accountant to record, classify, and summarize events and a financial manager to interpret the financial events. The financial manager will manage resources so the business can meet its goals and objectives. Through this process, KFF will be able to identify what is not selling, is it a particular department, and the nuances to each store. In addition, the financial planner will forecast short and long term needs. Part of this will be to create budgets to meet these needs. The financial planner will establish financial control to see how well KFF is doing. This person will realize quickly that Kathy does not have collateral because she is leasing property and purchasing goods using a credit card that has a high interest rate. In addition, a contingent worker must be hired who has expertise in marketing to ensure KFF is using the right marketing techniques. Current store and assistant managers’ roles and expectations must be defined with contingency plans when one or the other is absent. The store managers will handle planning, organizing, leading, and controlling people. The store manager will handle the purchasing and inventory for each individual store based on the needs and budget constraints with the...

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