The research delves on the importance of the lean production process. The same research focuses on Coke’s implementation of the advantageous lean production strategy. Coke’s lean production process increases…
The waste reduction strategies do not reduce current production’s quality level. Initially, the lean production strategy was crafted to cater to the production line of one of Japan’s top selling car models, Toyota. Toyota’s lean production cropped up after World War II. Japan was just recovering from the war loss. Lean production is a continually innovative process. Daily, the production line and staff personnel as well as production management team continue to find ways to reduce production wastes. Lean production reduces the avoidable costs, expenses, and costs associated with typical production processes. The typical production process includes employees accidentally generating avoidable wastes, expenses, and costs to delay the production process and delaying (reducing) revenue generation.
Further, the lean production strategy can cover all the business entities’ activities. The activities may include the design of the product as well as the production process. The activities include the production of the company’s saleable or finished products. The activities include the marketing department’s product delivery and selling processes (Jones, 2013).
Coke implements several lean production strategies. The strategy significantly reduces production expenses. Initially, coke marketed its quality coke products as having the same taste around the world. To do this, coke used only one water source. The singular source came from only one place. The company exported the coke products to different countries around the world. However, the cost of shipping the coke products increased as the distance between the original home production facilities to the country of destination (Marcotte et al., 2012).
Consequently, the higher shipping and production costs of products sold in very far away countries generated a lower net profit than coke products sold in places nearer the production facilities. As the distance between ...
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(Coca Cola Essay Example | Topics and Well Written Essays - 1500 Words - 1)
“Coca Cola Essay Example | Topics and Well Written Essays - 1500 Words - 1”, n.d. https://studentshare.net/finance-accounting/720977-coca-cola.
The company intends to be a great place to work for its employees and at the same time be a highly effective, lean and fast-moving organization. Coca-Cola strives to maintain lasting relationships with its suppliers and customers. As a responsible citizen of the society, the company works for the betterment of the communities that it operates in.
Coca cola in general was invented in 1886 by a man named john Pemberton. Since then the company has expanded and is currently serving more than 200 different countries. Coca-cola is a global company; however, the culture appears to be the same regardless of the location the company is in.
Coca Cola, which is also known as Coke, is manufactured by Coca Cola Company. The company is headquartered in Atlanta, Georgia. It was intended to be used as a medicine. It was found in late 19th century by John Pemberton, a pharmacist in Columbus, Georgia.
This implies that for many people, it is essential to remain healthy in order to feel secure and fulfilled. As such, many products sold today can also be marketed to bring additional health benefits, as well as already catering or appealing to people of more basic needs such as food and water.
Coca-Cola has entered in the Indian market in the year 1970 and it is regarded as the first multinational soft drink company in India. Until 1977, the company was prominent brand of soft drink products in India. However, because of policies enacted by ‘Foreign Exchange Regulations Act’, the company left the business in India.
The other thing is that the company has been able to launch new products which have equally performed well in both local and international market. For instance, its bottled water product is the proof of this. In terms of revenue collection, the bottled water market in the U.S.
In the world of business, there are very few images that are as well recognized as the Coca-Cola brand. It is known in the furthest locations of the globe and marketers today look to that brand as a model of their marketing power.
The company provides employment to most individuals worldwide, and they are committed to supporting most development programs.
According to the enterprise profile, Russia has a complex government structure. In addition to, Russia has a high level of corruption, which is
Further information was about the company was obtained from a book about Coca-Cola company. Coca-Cola's SEC filings were obtained from the US Securities and Exchange Commission official website.The Coca-Cola Company is a corporation that operates as a manufacturer, retailer and marketer of non-alcoholic beverages syrups and concentrates.
In the financial year of 2014, Coca-Cola managed to register a gross profit of 28, 109,000 dollars. After deduction of operational expenses, the company’s net income was 7,098,000 dollars. A global growth in volume of 2% and an increase in cash operations to 10.6 billion dollars were noted in the 2014 financial year.
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