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Comparing the Clock Shop with Cadburys

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Introduction

Comparing the Clock Shop With Cadburys Contents Introduction 3 Action Plan 4 Research and Collecting Data 5 Comparing Methods of Production 7 Comparing the Use of Technology 9 Comparing the Use of Quality Control 11 Comparing Staff Management 13 Evaluation of the Production Process 14 Questionnaire 16 Bibliography 19 Introduction I am going to carry out an investigation into the operations of two contrasting organisations. The companies I will be studying are Cadbury's and the Clock Shop. I will find out how they carry out their operations at he moment, and whether there are any areas for improvement. I am going to explain the different types of job production methods that each business uses and state the advantages and disadvantages to them. I will carry out comparisons of the two companies, analyse the technology they use, investigate the use of quality control and the role of staff management. Finally I shall evaluate the research I have collected and suggest recommendations. Cadbury's World Cadbury's world, the largest confectionary business in the world, is a public limited company based in Birmingham. Cadbury's World opened in 1990, and uses batch and flow production to create confectionary products. Cadbury made pre-paid tax profits of �78m last year, on sales of �7.4bn (Telegraph Newspaper, June 18, 2007). A public limited company is a company that has limited liability and can sell its shares to the public on the stock exchange. The Clock Shop Steve Fletcher owns the Clock Shop, Witney. He is a sole trader and he uses job production to produce one off, modern clocks. He started making and selling clocks in 2005. A sole trader is a business organisation where one person is the owner who has sole responsibility for the business. He has unlimited liability. Steve Fletcher has always wanted to express his clock knowledge in more artistic ways. He graduated from the British Horological Institute in 1975, gaining a first-class pass. ...read more.

Middle

- Electronic Point of Sale (EPOS) is a when a barcode, a set of thick and thin parallel lines which represent a 13-digit code which identifies the product uniquely and indicates the country and origin, the company that made the product, the product code number and package size. When the product comes to the checkout point the goods are passed over a laser scanner, which reads the barcodes and sends the information to the computer, which then is printed onto a receipt. Cadburys uses all of the above technical methods to achieve maximum production with minimal labour and costs. Cadburys also has a website, email and telephone numbers readily available to the public customers. There are several financial options, which could be used initially. These can be split into two sections. Internal finance includes: * Profits and Reserves - profit retained form previous years * Selling Assets- Selling of unused assets to raise finance quickly. * Owners Capital- Owners own money. * Run down stocks- Running down all stock levels before spending more on new things * Credit Control- Chasing up people who owe the company money. 4.1/1.4 More effective ways of raising a large sum of money would be: External finance including: * Friends and Family- to supplement owners own capital. * Banks- provides an overdraft, an agreement allowing the business to withdraw more than is deposited. Or a short, medium or long-term loan. With both interests must be paid. * Hire Purchase- a form of credit whereby the manufacturer allows the item to be paid for in instalments while the business has full use of the item. * Trade Credit- When a business does not have to pay for purchases immediately. * Leasing- Instead of buying items, the company can lease to from the supplier, avoids paying out large sums of money but the company doesn't own the item. * Government and EU- Can offer grants and loans to offer incentives for a company to set up or relocate usually in areas of high unemployment. ...read more.

Conclusion

Many companies have started to be more environmentally friendly and Cadburys could follow this trend. The Clock Shop, however, is not such a successful business. It has sold very few clocks yearly and Mr Fletcher sends a lot of time, money and effect into the clocks but they are just sitting in his house and not being sold. The technology he uses is basic but he cannot afford and does not actually need at this stage modern technology as he is making so few clocks and they are all unique. Fletcher does all the quality checks himself and this is highly monitored throughout the production process so does not need to change. The production of the clocks is very slow as Fletcher takes his time on each product. Some clocks have taken over a year to produce. But at the end of the day they are not being sold, so affectively all his time, effect and money is being wasted, his passion is the only thing keeping Fletcher driven. If Fletcher didn't spend so long on one clock and made a few more which were a bit cheaper then he may actually sell some at a profit. The way he is producing clocks at the moment is not at all cost effective and to make a profit he needs to sell them at a very high price, but then no-one buys them. Fletcher had a great idea to set up a gallery in London to display his clocks. This could be a great way for people to see the clocks and being located in London, he is more likely to sell clocks as it is surrounded by upper class people who could afford such clocks. If sales of clocks increased then a turnover of money would start and Fletcher's time and effect would be rewarded. The Clock Shop does have a website but it is not very informative and holds very little information. This could be improved radically and hold more information about the clocks, and could help to increase clock sales. ...read more.

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