EDMUNDS CORRUGATED PARTS & SERVICES Essay

I. Problem recognition1. Demand on Edmunds Corrugated part and Services products atomic number 18 diminishing. 2. Remote billet of its personal line of credit.3. High price of ram material.4. hindrance of replacing hardworking and allegiant active employee.II. Objectives1. To commemorate the beau monde of its current stand in the trade in the future.2. To explicate bracing parts and products that exit contend on in the raw trends of shipping products.3. To square up other target market that will increase its market share.4. To train and fix highly skilled worker at an earlier time to replace the restrained custody.III. Analysis and MethodologyThe case is organism solved on the point of quite a little of Mr. Larry Edmunds the Owner.Methodology use in compend SWOT AnalysisStrength1. more than than 2 decades in existence.2. It has hardworking and loyal workforce.3. Industry leader with exceptional personality for reliability. 4. Market share is at 75 percentWea knesses1. Location is rural.2. Products are not up the current technology.3. Revenues were beginning to try out clear signs of stagnation. 4. Current workforces are nearing retirement.Opportunities1. diversification of new and existing products.2. Has 50,000 square bum factory.3. Youthful workforce is available4. another(prenominal) substitute business venture is emerging.5. set about use of the internet as a marketing tool.Threats1. Products are going to be obsolete.2. Paper industry is being wipeout.3. Clients are going overseas for a articulatio venture.4. Surviving manufacturers are investing on high quality machines that broke calibrate less frequently.IV. Alternative Courses of Actions1. Develop new parts and product that will render the new machines use in manufacturing new shipping products. 2. Make a circumspect study to branch out the business to other areas to increase its share in the market. 3. Find an alternatives source of materials like indestructible plas tics for shipping products. 4. Hire younger workforce and develop their skills.V. Conclusion / RecommendationThe company should always look on the ever evolving market trend on manufacturing and scattering on its industry. The company should adapt chop-chop to keep its share in market or introduce machines that will keep industry grow and lower return cost through automation.All of the alternative courses of actions are recommended to keep the company activate forward and achieve its goals.