Virtual Organization On Riordan Manufactururing Essay

927 words - 4 pages

Market Structures in Kudler
Gerard A. Brady
ECO/365
November 7, 2013
PH.D. Sol Dresher

Market Structures in Kudler
Currently, KFF has minimal competition and owns a substantial portion of its market share. From the 2010 and 2011 customer marketing surveys, strengths and weaknesses of KFF strongly identify with the consumers view. The 2010 market survey shows KFF’s strengths to be convenient store hours, appealing atmosphere/décor, attractive displays, merchandise satisfaction, and the overall satisfaction of the store. Each category listed as strengths from the 2010 survey shows that less than 20% of the customers shopping at KFF express dissatisfaction in these areas. This analysis ...view middle of the document...

KFF is currently holding a big portion of the market share in each stores location, but at any moment a competitor of gourmet products can gain entry into the market and possibly move KFF’s market structure to a perfect competition. This is normal in some markets for a company to structure their market for the short run and use a monopolistic competition model. Because of changes in the market share in the long run, the company’s market structure tends to merge into a perfect competition. The market structure has positive and negative effects on KFF. The primary negative effect of monopolistic competition is the efficiency. Based on the method chosen to monitor customer demand by Kathy Kudler, KFF is losing money because the method to track customer demand is inefficient. KFF has a customer base that is always requesting something new because demand changes. KFF provides many perishable goods and has to be mindful of shelf life and to its commitment to provide everything fresh to consumers. KFF must slash prices, give away or discard items if a forecast for customer demand is wrong as a result of inventory tracking inefficiencies. These inefficiencies will affect KFF’s long-term profitability. The positive effect is, KFF is a specialty gourmet store and provides rare and unique products and services. This allows pricing to stabilize because there is not any direct competition present. 
Based on the review and findings of KFF’s market analysis, it is determined that a focus on customer satisfaction and efficiency should be reinforced through the whole company. Reinforcements should include employee programs that refresh and retrain staff about customer service and the importance of providing efficient customer service. The employee program can also offer employee incentives or rewards that strive for above...

Other Papers Like Virtual Organization on Riordan Manufactururing

Riordan Mfg Essay

3662 words - 15 pages standard and custom orders to excel in the customer service arena that will not only retain current customers but also attain new customers. The supply chain recommendations will allow Riordan to realize a 25% increase in on-time delivery, which will increase the bottom line. Taking advantage of global opportunities and outsourcing internal organization functions to outside providers can reduce operating costs. It is also recommended that Riordan

Riordan Manufacturing Final Bsa/500 Essay

2608 words - 11 pages , the balance sheet would list the owner’s capital (for example john doe, capital), while in a corporation, the equity accounts are stock (common and preferred) and paid-in capital. The equity is often portrayed on the balance sheet as a credit, or as net income. Non-Operating Expenses Riordan Manufacturing includes non-operating expenses in the income statement. Non-operating expenses are expenses of an organization that do not relate to

What Key Stakeholders in Riordan Manufacturing Would You Gather Requirements from?

1095 words - 5 pages Riordan Manufacturing Service Request Michael Eaddy University Of Phoenix BSA/375 Week 2 Assignment Riordan Manufacturing Summary Dr. Riordan was a professor of chemistry who started Riordan Plastic Incorporated in 1991. In the beginning, his company’s main focus was on (R&D) research and development along with licensing. Then in 1992, Dr. Riordan invested in a fan manufacturing facility in Pontiac, MI. and changed the name of

Customer Service

1402 words - 6 pages Riordan’s process improvement plan is related to their strategic plan. Quality in the Strategic Plan and Objectives Quality is a key objective to any successful organization; this is true with the Riordan manufacturing group as well. The strategic plan is simply to develop and deliver a quality product on time. Building the brand through delivery is an excellent design and a key to the “Time to market” approach. With some improvements, the

Riordans Service Request Sr-Rm-022, Part 2

855 words - 4 pages project. References RIORDAN MANUFACTURING SR 22- 2 References Apollo Group, Inc. (2012). Virtual Organization Portal: Riordan Manufacturing. Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Riordan/index.asp Dennis, A., & Wixom, B. H., & Ruth, R. M. (2012).Systems Analysis and Design (5th Ed.). Retrieved from the University of Phoenix eBook Collection database.Khosrowpour, M. (1999).

Riordan’s Strategic Plan

3375 words - 14 pages and domestic operations based in Michigan, California, Georgia, and China, Riordan has reviewed their business structure and revealed areas, which require the optimization of operational efficiency throughout company. Along with other companies, Riordan manufacturing shares competitive advantages in several avenues of manufacturing and business. Riordan’s focus on direct selling gives them a competitive advantage, as does their commitment

Riordan Website Redesign Project

1424 words - 6 pages Riordan Website Redesign Project Learning Team A Web 236 10/3/2011 Ryan Napalo Learning Team Virtual Organization Website The project team is assembled to study the Riordan Manufacturing website and find solutions to help Riordan modernize their web page. The project team will evaluate both the Internet and Intranet web design and find solutions to provide easier navigation for the customer, fast loading web pages, and relevant

Strategic Quality Management And Customer Satisfaction Riordan Manufacturing

2257 words - 10 pages financial goals for projects. The over head can be ascertained, profits can be predicted, and future plans for expansion can be discussed.Quality AssuranceThe extent to which the organization's process improvement plan is related to the most quality processes. Quality assurance is a very significant aspect to Riordan Manufacturing. This assurance will go down through the organization and have effects on each employee in one way or another. The

ISCOM 424 UOP Tutorial / iscom424dotcom

576 words - 3 pages ........................................................................................................................................................................ ISCOM 424 Week 1 Individual Assignment Supply Chain Visual Representation Resource: The Virtual Organization of Riordan Manufacturing Research the following aspects of Riordan Manufacturing: • Operations • Divisions • Products and services Create a visual representation—such as a graph, chart, or diagram—that illustrates

Strategic Quality Management and Customer Satisfaction Paper

1555 words - 7 pages total quality management. Without total commitment from the very top of an organization Six Sigma will not work. Many of the data driven decisions that come from the disciplines taught by the program requires changes of whole organizational structuring depending on the desired corporate goal. The Riordan Corporation combines its management of research and development the same way it combines its sales and customer service. This allows everyone in

Competitve Advantage

709 words - 3 pages Establishing a competitive advantage is an important factor for any establishment. Depending on the specific competitive advantage, this should be the priority strength so that a company can achieve profitability. Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding (Riordan Manufacturing, 2004). Riordan Manufacturing is headquartered in San Jose, California and has manufacturing facilities in Pontiac

Related Essays

Riordan Manufacturing Virtual Organization Essay

1107 words - 5 pages increases Riordan Manufacturing Just-In-Tine (JIT) inventory strategies. The plastic polymers to make plastic parts to assembly the fans, and the hardware used for assembling the fans are supplied by a local Chinese company. However; there seem to be an environmental problem with Yin, the company that supplies the motors for their fan. This could have profound effects on our on-time-delivery and if this wasn’t bad enough, approximately 400 workers

Virtual Organization E Business: Riordan Manufacturing Essay

1087 words - 5 pages Virtual Organization E-Business: Riordan Manufacturing BUS415 Virtual Organization E-Business: Riordan Manufacturing A global plastics manufacturer, Riordan Manufacturing employs over 500 people with projected annual earnings of $46 million. Riordan Industries, Riordan Manufacturing’s parent company is a Fortune 1000 enterprise with revenues in excess of $1 billion. Riordan's major clientele include automotive parts manufacturers

Riordan Virtual Organization And Environmental Scan Paper

1964 words - 8 pages rate. Each of these things could have a tremendous affect on the financial performance of A.O. Smith in their marketplace. Nike Incorporated (Nike, Inc.) Nike Inc. is one of the more successful Fortune 500 companies as this organization has built a business reputation as the leading sports apparel and footwear provider in the world (Nike, 2011). Nike creates value and sustain their competitive advantage in their marketplace by focusing on

Corporate Compliance At Riordan Manufacturing Essay

2241 words - 9 pages operations and quality control at all Riordan plants, a common set of procedures has been developed for the management of receiving raw materials, tracking products during manufacturing, and accounting for the finished good inventories” (Virtual Organization, n.d., 2009). To ensure protection of new products and processes Riordan Manufacturing will file for utility or functional patents and design patents on company equipment, and inventions. The