Future Planning



Abstract

ABC Shoes Company is the company, which is at present operating with more than 5000 stores in USA, Latin America and Canada. The first decision one must make when designing a new production system is the design of the product or service being produced. For this, it is necessary to establish production processes, logistics and services best suited to manufacture market and ship the products and services offered by the company. The processes to attain the forecasted demand are to determine if the production is in series or order. The management plays the most important role in order to make the company successful. That quality control is an effective means of achieving the objectives and most important function of management. The success of the company depends on the performance of very part of the organization.

Future Planning

Background

ABC Shoes Company is the company, which is at present operating with more than 5000 stores in USA, Latin America and Canada. Apart from shoes, the company also deals with accessories and leather goods for women and gents. The company sells about more than 300 million shoes in a year. In this paper, we would be accessing the performance of organization 5 years from now. The five-year plan of the shoes business shows that the company should earn profit by increasing in the number of sales. The company should also focus on product differentiation and making the shoes innovative so that consumers demand for the shoes.

Issue Analysis

Quality of product

The forecasting method of the shoes company depends on the demand of the consumers. Since, the forecast shoes that the demand of the shoes in increasing so there is a need of producing shoes with better quality so that the company image can be improved and the overall production of the company can be improved to meet the competition. The first decision you must make when designing a new production system is the design of the product or service being produced. The development of new products has become a key factor for business success: in the eighties when all efforts are focused on reducing manufacturing cycle and implement flexible production systems, the nineties have been accompanied by a change of perspective and a concern for the process design and development of new products. More specifically, it helps by reducing the time spent on the design and development of new products (Ploger, 2001)

Thus, arises a new way to compete in the market, which has been called time-based competition. The speed of response to market needs required to be a master in the use of time.

This design for manufacturing technique seeks to facilitate the manufacturing process, simplifying the design of the new product through a reduction of the components that comprise it. These reductions in the number of components provides product reliability, lowers cost of the product life cycle, reduce the number of hours necessary design engineering, reduces purchasing, inventory and storage space for components.

Business operation

It is necessary to establish production processes, logistics and services best suited ...