Got a tricky question? Receive an answer from students like you! Try us!

California-Illini Manufacturing - Case Study Example

Only on StudentShare
Undergraduate
Author : fmckenzie
Case Study
Finance & Accounting
Pages 4 (1004 words)

Summary

California-Illini Manufacturing (Add (Add (Add Date) California-Illini Manufacturing Executive Summary The California-Illini Manufacturing Company (Cl) operates its plant in the rural central valley of California. The Company produces plain and hard-faced replacement tillage tools in the United States…

Extract of sample
California-Illini Manufacturing

Their cost reduction strategy though seemed efficient; it was not able to compete well in the short run. The Cl’s standard cost system and the high levels of work-in-progress had impacts on its cost reduction strategy. However, the new Production Control/Inventory Control (PCIC) Manager is seen working on the right track, by implementing new strategies to manage the constraints to restrict the company form producing and building higher inventory levels for products not having sufficient demand. Thus, implementing a Theory of constraint approach would be most suitable for the Company to manage the human and material resources well. Problem Statement Competitive strategy, in the normal sense refers to the way a company can achieve a competitive advantage in its operating market while choosing a distinctive way of competing. California-Illini Manufacturing Company is able to compete in the global market by making the maximum use of their competitive strategy. They are the largest producers of plain and hard-faced replacement tillage tools in the United States. They concentrate more on handmade tillage tools. They use expensive metal pieces and metal forged metals in the production process, together with using manual electric arc welders. In the global market, there is greater opportunity for handmade products, especially for machineries and automobiles. ...
Download paper

Related Essays

Airbus: Financial Benefits & Costs
Airbus: Financial Benefits & Costs …
13 pages (3263 words)
Manufacturing Overhead Paper
Wages of non-production factory employees like the factory’s accountant, or a person employed to check stock levels. This category of employees also include people who have been employed to handle and operate, clean and maintain equipment and machinery and people who perform quality checks on the products being produced in the factory, vi. Insurance expense, vii. Any costs incurred to make the production safer, viii. Any costs incurred to increase the quality of production, ix. Tax expense. x. Depreciation expense on factory machinery and equipment Manufacturing overheads apply to the…
3 pages (753 words)
Manufacturing Budget Analysis
According to Emory, the augmenting amount of orders increased the time needed for adjustment and setting up of machines as well. The escalating stress in terms of orders and machine adjustments eventually began to irritate the machinists who planned not to abide by the budget. Therefore, the company must pay more focus on the mentioned procedure and its related steps because it influenced company’s budget as well as product quality (Scribd Inc, 2012). It was also learnt from the case study that the various departments of the company lacked coordination which adversely affected the confidence…
5 pages (1255 words)
Manufacturing Budget Analysis
The subordinates were found to be pressurized to maintain and abide by the predetermined budget which was measured to be a grave issue as the stress adversely influenced the performance of the employees. The other problem was the absence of a healthy or good relation between the management and the workers after Robert Ferguson Jr. was appointed as the plant manager. He was learnt to be completely concerned towards cost reduction and attainment of the budget instead of admiring the efforts exerted by the workers and the problems witnessed by them which resulted in huge employee turnover.…
5 pages (1255 words)
Innovation. Innovative techniques of a manufacturing company.
It is not possible to apply the innovative techniques of a manufacturing company, in a service sector. This is because the two business models operate in different spheres, and the main different is depicted in the nature of the products they produce. The service sector deals with intangible goods, while the manufacturing sector deals with tangible goods. An example of a service is the delivery of mails, by Fed Ex Company (Chang, 2011). It is important for the service industry to create a culture of innovation while conducting their activities. This is because the service sector is a major…
3 pages (753 words)
Case Analysis-Milton Manufacturing Company
Issues at Milton Manufacturing Company …
5 pages (1255 words)
Potential Costs and benefits to Henley Manufacturing
In this case of Henley Manufacturing, by announcing its sales and earnings goals at the shareholders’ meeting, it is likely to undergo the following in terms of costs and benefits. Costs for disclosure: An announcement of sales increase by 15% and net income by 20% to the shareholders may be deemed by them as a source for pay increase demand by the managers and other employees. As such, the shareholders may resort to hiring new managers to replace current ones should they demand for huge pay rise. In this case, the announcement would serve as a cost to both the shareholders who will incur…
3 pages (753 words)