• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

An Investigation into what Drives profit In a Knitwear Manufacturers

Extracts from this document...

Introduction

It is extremely difficult for company management to consider what works effectively within their organization and what doesn't. This is due to everyday pressures and demands that they face. Companies are often complacent, often due to time restraints, in allowing processes to continue without regular scrutiny. To attain maximum operating potential, it is imperative that a Quality Procedure Manual is set up and followed. Areas that require regular discussions/monitoring/ improvement or corrective action are; Management Review Customer Orders Suppliers and certs of test (analysis, conformance), Measurement data and product identification Control of monitoring and measuring devices Corrective action Purchase orders Nonconforming product Human resources Customer complaints Internal quality audits Internal communication Measurement, analysis and improvement Major plant maintenance Breakdown maintenance Preventive action Product audit. All areas should be subject to daily, weekly or monthly meetings as pre-determined by the Quality Manual. Meetings should be recorded and minutes produced which can be regularly audited. Preventative action identified and implemented in any area of manufacturer can have a positive and beneficial effect on the company's profitability and creditability. ...read more.

Middle

This allowed the team to make decisions to decide which products should or shouldn't be taken on to the next stage and it also allowed them to assess the merits of each product. "We were genuinely shocked at the results," says Chris. "We had no idea that just doing these simple scoring exercises would instantly improve our buying strategy and give us a lot more clarity on a strategic level." A number of working models were refined, over the next few days, to reduce the waste. This included dual sourcing, which ensured a constant alternative supply. Also it included balance sourcing, which considered if the materials should be supplied off shore or domestically. "We now use those technique's every day," says Chris. "If we'd done this sooner we wouldn't have produced so many right-offs and we would have saved cash." The ASAM scheme has worked so successfully that it has won funding to start a new foundation degree at Blackburn College in product management and it is now being offered to business by the college. ...read more.

Conclusion

The company must continuously strive to provide quality products and services to enhance their customers' long-term profitability and growth through understanding and anticipating their future needs. For example if a knitwear manufacturers is supplying their product to Marks and Spencers they must be first class quality as that is Marks and Spencers perception within the retail industry. 'Serving the customer' is the most important ingredient. As a customer focused organization all employees are committed to the development and strengthening of partnerships with internal and external customers and suppliers. Promises must be kept, any problems resolved, quick responses to their demands and reliability are paramount. A safe and pleasant work environment can influence the motivation, satisfaction and performance of all the organizations personnel and potentional enhance visitors (e.g., buyers) perception of the organization. Managers should designate suitably qualified personnel within the organization to be responsible for the training of employees internally. Such personnel shall monitor the progress of the employees under training and access the levels of competence. My conclusion is that the above procedures drive profitability and form the basis of all successful knitwear manufacturers. An Investigation into what Drives profit In a Knitwear Manufacturers Sarah Jessica Kuczynski 0809530 5AD009 Professional Experience 1 Sarah Jessica Kuczynski 0809530 5AD009 Professional Experience 1. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. NHS change management

    Stage 4: Adaptation "Significant amounts of energy are involved here. Often the process of trial and error, of effort and set-back, and the slow building of performance, can be a source of real frustration. In these circumstances people can evince anger.

  2. Unit 9: Marketing Strategy

    The first 15 results shown above are very well representative of the whole collection with the percentages matching completely. I was slightly surprised though that only 40% of people said that they would buy bread, as I thought that this would be a more common product that potential customers would wish to buy.

  1. NETFLIX CUSTOMERS SATISFACTION

    Competitors such ?s Blockbuster ?nd Hollywood video were rel?tively slow to respond ?nd were initi?lly un?w?re of the m?rket sh?re Netflix would c?pture in the upcoming ye?rs. This h?s given Netflix ? sust?in?ble competitive ?dv?nt?ge. Netflix currently bo?sts 6.8 million subscribers since l?unching its subscription service in 1999.

  2. The Theory of Scientific Management.

    What business would it not work in? People that work from home for companies would not need to use this hierarchy to survive when working. As they would be in the comfort of their home, they will not feel unwanted or feel to be in need of friendships between workers.

  1. Business plan. The business that I am going to produce is a personalised logo ...

    This will be helpful to look back to, to see if the required steps have been completed. - I will need to include operating procedures into my business plan, as it will map out every step and activity of the procedure.

  2. Business Studies Company Recruiting

    o Commercial and development finance o Offshore finance * Projecting and Building Consultency. Our project and building consultancy team is committed to maintaining and enhancing its respected position among the top 20 UK leading construction consultants, by continuing to meet clients' objectives through the provision of high quality, innovative and cost-effective services in a changing market.

  1. Disneyland and M&S. I am going to investigate customer service in two separate ...

    do not deliver the right products that customers demand, then they are going to look for it else were. This is the same for the service provided, they expect the best. Good customer service will earn repeat custom, a good reputation and give a good impression overall.

  2. I am going to carry out an investigation into S Parton Construction Ltd. I ...

    This information is relevant to the company since if people are employed they have the ability to spend money on the building work and construction whereas if unemployment figures are high, the company will find it much easier to hire staff.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work