• 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. Unit 9: Marketing Strategy

    "To advertise effectively through the use of flyers and local newspaper adverts" I think that I will be able to meet this objective as I think that local newspapers and flyers will be plenty good enough to inform prospective customers of my business and convince them to give it a try.

  2. NHS change management

    (Carnall, 1986) During this stage mutual adaptation emerges and people start to take up the new systems and methods and test themselves. The resistance will be very less, self esteem and performance starts to move up with the organizational change.

  1. NETFLIX CUSTOMERS SATISFACTION

    This method of research will enable Netflix administrators to determine the main influences or reasons that result in customers' dissatisfaction for discontinuing their service. The population of the research is Netflix administrators and customers or ex- customers in Monterey County , California to gather data, tests, evaluates, and analyzes the research outcome.

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

    I would then think about taking the next step, in creating my business into a Public Limited Company (Plc). A public limited company can offer its share for sale on the stock market in order to raise finance but not all Plcs do this as the cost of the company 'flotation' can run into millions.

  1. The Theory of Scientific Management.

    I have gathered this information from http://en.wikipedia.org/wiki/Abraham_Maslow. What business would it help? Maslow's theory would help businesses that involve tall decentralised structures such as Waitrose where the workers can take responsibility and can also progress. As tall structures have many stages, the workers can work their way up to the top of the structures.

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

    The reasons for this include; o New customers are not aware of the business or product, so extra care and attention will be needed in order to encourage them to try it out or make a purchase. o Existing long term customers recognise the business or product and the service

  1. starbucks customer service

    This is because customers may expect for the staff to be able to provide them information on the product/service because they may not be very knowledgeable on the product. For Gettco/A'amal this is very important because they are selling holiday and flight packages.

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

    inactive 23,400 34.8 28.5 26.5 Wanting a job 4,800 7.2 6.2 6.5 Not wanting a job 18,500 27.5 22.3 20.0 From the table you can see that from all the people who are economically inactive in Wolverhampton, 6.3% of them want a job.

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