Menu

Operations Management Assignment Inventory Management Case Solution

Home >> Management >> Operations Management Assignment Inventory Management

Operations Management Assignment Inventory Management Case Study Solution and Analysis


Intro

Operations Management Assignment Inventory Management Case Study Analysis is the largest publishing company with a greatest market share in the China's book retail market. CMP offers a number of services consisting of; gathering details, processing details and communication services. Major service sectors of the business include; books, periodicals, consultancy and circulation. The business has a vast item portfolio and its major products consist of books, periodicals, online media, exhibitions, research reports etc. Operations Management Assignment Inventory Management Case Study Solution has actually ended up being a specialized info service provider and a big detailed Science and Innovation publishing company through the integration of print media, audio-visual media and the network media.

Important Concerns

CMP has spent its 60 years journey efficiently, being a successful publishing house, however, the changing macro market trends and forces bring particular challenges to the publishing market in general and Operations Management Assignment Inventory Management Case Study Help in specific. These factors consist of;

• Entryway of the brand-new publishing companies in the industry.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Improvement of science and technology.
Executive Summary
The change of the macro markets have raised a number of questions to the management at CPM that what could be the future of CMP in this situation? Do the long important experience, technical resources and the abilities of the business could be used to strive for the future advancement unceasingly? How could the company sustain its long term competitive position in future?

Situational Analysis
Internal Analysis
SWOT Analysis
Strengths


Operations Management Assignment Inventory Management Case Study Analysis has certain strengths that can be utilized to reduce the hazards, get rid of the weak point and get the opportunities. Strengths of CMP are offered as follows;

• The long term experience of Operations Management Assignment Inventory Management Case Study Solution in the publishing market i.e. 60 years allows the business to supply high quality products at a lower expense utilizing its prior experiences.
• The technical resources and abilities generated by its effective journey offer a competitive advantage to CMP.
• Huge product portfolioof CMP helps it to diversify its danger and supply high value to its clients.
• Strong financial position allows the business to think about a number of development opportunities without any worry of raising fund externally.

Weak points

Together with the strengths, the company has certain weak points which could increase restraints for the company in implementing its advancement program. The weak points of Operations Management Assignment Inventory Management Case Study Solution are provided as follows;

• Despite of being a science and innovation publishing company, the company still has conventional ways ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It must propose certain growth plans to prevent its reliance over the Chinese markets to accomplish long term development.
Porter's 5 Forces Analysis
Opportunities

Although, the growth of the publishing market is declining considering that 2008, affecting Operations Management Assignment Inventory Management Case Study Analysis as well, however the development could be restored by availing specific chances provided in the market. The market opportunities for CMP consist of;

• The business might also introduce Digital Publishing by using its long term technical experience and a strong customer recognition in the market.
• CMP could think about an advancement program through the growth towards foreign markets in order to reduce its reliance over Chinese markets by utilizing its huge financial resources.

Threats

The changing macro patterns in the market and increasing competition in the publishing market has posed certain dangers to Operations Management Assignment Inventory Management Case Study Help including;( Gurel, 2017).

• Intro of digital publishing i.e. digital libraries could lead to declining market share of Operations Management Assignment Inventory Management Case Study Help due to the consumer shift towards virtual libraries.
• The existence of large number of competitors in the publishing industry increase the risk for CMP to lose its competitive position in the market, as rivals can acquire a strong consumer base by utilizing certain techniques like aggressive promotion, quality items, etc.
• Entrance of brand-new publishing firms in the industry in addition to existence of high competition increases the danger of losing the consumer base.

Financial Analysis.
Swot Analysis
Due to absence of data, the financial ratios of CMP might not be computed. It might be examined from the Appendix III that the yearly overall revenues of Operations Management Assignment Inventory Management Case Study Help throughout the period 2000-2012 are growing at a high development rate, showing that the annual need of the items of CMP is growing and the business is quite effective in attracting a big number of consumers at a possible cost.

Together with it, the 2nd chart which reveals the yearly growth in the Operations Management Assignment Inventory Management Case Study Analysis total possessions, reveals that the business is quite effective in including worth to its properties through its earnings. The development in assets reveals that the total value of the company is also increasing with increasing the overall earnings. (Unknown, 2013).

Another financial analysis of the company using the given information might be the analysis relating to the distribution of total incomes of the business. Huge part of the revenues of CMP comes from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company might move towards other business segments with a potential growth to accomplish its future development objective.

PESTEL Analysis

PESTEL analysis could be carried out to discover the numerous external forces affecting the efficiency of the company and the recent trends in the external environment of the business. A brief PESTEL analysis of the company is provided as follows; (Alanzi, 2018).

Political.

As the publishing sector might have a substantial effect on the frame of mind of the people about the communist ideology of the government, therefore, the publishing sector is extremely monitored and guided by the Promotion Department of the Communist Party of China. Therefore, it might be said that the general political forces impacting Operations Management Assignment Inventory Management Case Study Help service are high. The federal government policies regarding the publishing sector are likewise increasing with the passage of time.

Cost-effective.

Economic forces affecting the publishing sector in general and the CMP in specific includesthe prices of paper, the income level of customers, the inflation rate, and the overall GDP growth of the country. All these forces integrate effect the need for the publishing market.

Social and Demographical.

Social and demographical forces consist of the population development, the consumer's preferences towards checking out informative products and so on. China has the greatest population in the world with a high population development, revealing the increasing number of consumers of the Operations Management Assignment Inventory Management Case Study Analysis. However, the consumer preferences are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP needs to concentrate on digital publishing to fulfill the altering consumer choices.

Technological.

Technological forces affecting the CMP include the technological improvement in the reading techniques and so on. Improvement of science and technology along with the increase of digital publishing might lower the need for the CMP products, if specific actions would not be taken soon.

Environmental.
Vrio Analysis
Environmental forces affecting Operations Management Assignment Inventory Management Case Study Solution consists of the concerns of environmental communities over the usage of paper in publishing books. The paper utilized in the books while publishing is required to be disposable and the ink used while publishing must not be harmful for the environment.

Legal.

Legal regulations for the publishing sector at whole are high. The legal policies regarding the publishing sector is controlled by the General Administration of Press and Publication. Publishing Ordinance 1997 needs the publishers to be authorized initially by the Federal government to be gone into in the publishing market. The ordinance prohibits direct participation of foreign entities and individuals in the publishing sector.

Market Analysis (Porter's Five Forces Design).

Porter's Five Forces Design might be utilized to examine the attractiveness of the publishing industry China. A quick analysis of the Porter's Five Forces is offered as follows;.

Threat of New Entrants.

Threats of brand-new entrants in the Chinese Publishing Market is moderate. The potential development in the industry tends to draw in new entrants to the publishing market. The presence of intense competitors and the requirement of substantial capital tends to demotivate new entrants to enter in the market.

Threat of Substitution.

Danger of Substitution is high for the Chinese Publishing Market. The substitute products for the published files is the documents provided in the virtual libraries on specific sites. The altering consumer preferences towards digital knowing increase the danger of alternative for the market.

Competitive Competition.

Competitive rivalry in the publishing market is high. The existence of a great deal of customers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. In addition to it, brand-new entrants are also participating in the marketplace increasing the competitors for CMP.

Bargaining Power of Provider.

The significant suppliers of the Operations Management Assignment Inventory Management Case Study Help consist of the suppliers of the paper for releasing files. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the total bargaining power of provider for CMP is low.

Bargaining Power of Purchaser.

Negotiating power of purchaser in the publishing industry is high. Due to the existence of a a great deal of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality documents at competitive rates.

Competitors Analysis.

CMP operates in a highly competitive market with the existence of a great deal of rivals. The company has a competitive position in the market with the highest market share in the Chinese publishing market. Significant rivals of Operations Management Assignment Inventory Management Case Study Solution include;.

• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).

Chemical Market Press (CIP).

CIPis among the close rivals of CMP. Founded in the very same duration, CIP publishes similar type of books. For a large period, CIP held the biggest market share, and still ranks second and third in numerous market sectors, with a significant concentrate on educational publications. CIP functions as a threat for CMP as it could wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and might wean the marketplace share of Operations Management Assignment Inventory Management Case Study Help quickly in the existing market scenario.

Posts and telecommunication Press (PTP).

Another close competitor of CMP is PTP. It was likewise founded in the exact same duration as CMP and CIP. It ranks 6th in the state-owned publishers in terms of service scale. It is also among the popular players in the publishing industry with an annual overall incomes of RMB 550 million in 2010.

Alternatives

Alternative-1: Broaden towards New Markets

Pros

• Minimizing dependence over the Chinese markets.
• Increasing variety of Consumers
• Growth opportunities.
• Avoiding the effect of market saturation in the Chinese publishing market.

Cons
Recommendations
• Use of potential resources in growth.
• Risk of failure in brand-new markets.
• Time consuming.

Alernative-2: Introduce Digital Publishing

Pros

• Sustaining customer base.
• Approaching new markets.
• Easy to introduce using current abilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high worth to consumers.

Cons

• Competitors in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core organisation segments to the brand-new one can lead the company to lose need of its items in the market.

Suggestions

As the choices are shifting towards digital publishing and the business require an instant service to avoid the declining market development. The company might also think about the expansion program after the success of its digital publishing program.

Implementation

In order to present digital publishing in its item portfolio, the company must initially collects the data connected to the customer need, the possible markets, the federal government regulations and the data associated with the rivals presented in the market. After that, the company must choose one potential segment for its initial offering. It needs to collect research that how it might separate its digital publishing from the existing competitors' products. After all the actions above the company ought to opt for the initial offering. The company ought to go for the other markets if the initial offering proves a success. In this method the company would have the ability to execute its digital publishing program.

Conclusion

Although, the development of the publishing industry is decreasing because 2008, revealing a hazard to the business's long term presence, however the scenario can be managed by considering an advancement plan in the future. The business might think about presenting digital publishingin its existing market to implement its development program at immediate basis and to avoid the threat of failure for entrance in the new markets.

The Millegan Creek Apartments 2 Nova Chemical Corporation Quiet Logistics A 2 Hong Xing Auto Sales And Service Co
Harvest Organic Waste Recycling With Energy Recovery Trading Simulation Apple Inc In 2015 4 Trading Simulation Of Portfolios
Hewlett Packard Performance Measurement In The Supply Chain Cola War Continues Coke And Pepsi In 2010 Calaveras Vineyards 5 Interview Session
University Of Wyoming Mens Basketball Team Lululemon Athletica 4 Pioneer Petroleum Portfolio Project 3d Printing
Analyzing Data For Bi Porcinis Pronto Great Italian Cuisine Without The Wait 5 Debeers And The Global Diamond Industry Marketing Management Marketing Plan
Hallstead Jewelers 3 Sinyi Real Estate In Taiwan Taxation 2 Colorscope Inc
Design Effective Teams To Improve Performance In An Organization It Industry 2 Chase Manhattan Corp The Making Of Americas Largest Bank Passenger Rail Agency Of South Africa Gm In China Abridged
Hotel Ivory 2 Cole And Parker Socks That Start Businesses 2 Impact Of Introduction Of Commercial Green Energy In Massive Scale As Substitute For Oil In Pakistan Gillettes Launch Of Sensor 2
Strategic Planning At United Parcel Service Himalaya Shampoo Building A Differentiated Brand Image Canadian Blood Services 2 Huawei In Canada Can It Become A Trusted Player 2
Humana Inc Managing In A Changing Industry 2 Burlington Northern Railroad Company Equipment Leasing 2 Think Piece 1 Unilever In Brazil 3
Term Paper Assignment Leading Teams 3 Executive Compensation At Talent Partners 2 Mbe Project
Volatility Transmission In Global Financial Markets Comcast Corporation 2 Supply Chain Partners Virginia Mason And Owens Minor Bluewater Football Association
Goats The Green Alternative B 2 The Squeaky Horn 2 Strategic Plan Nantucket Nectars 2
Island Foods Inc Launching The Bmw Z3 Roadster 3 Bce Inc Facing The Future Dakota Office Products 2
Statistical Research Assignment Metallgiesseri Worms Ag Oceancove Case Analysis Internal Environment
Amazon Com The Brink Of Bankruptcy 2 Toyota Motor Manufacturing U S A Inc Cialis Lifecycle Management Lillys Bph Dilemma Corporate Finance Assignment
Lululemon Athleticas Product Employee And Public Relations Issues The St Xavier Healing Touch Hospital 2 Exercise 2 Solution Aqualisa Quartz Simply A Better Shower 5
Extending The Easy Business Model Solution Assessment 1 Consultative Report Thurgood Marshall High School Pg Japan The Sk Ii Globalization Project 5
National Casualty Insurance Problem Solution Atlantis Paradise Island Resort And Casino B Improving Performance With New Core Values Kraft Foods The Coffee Pod Launch A
Cost Accounting For Astel Computers Principle Of Product Policy The Garden Place Toyota Demand Chain Management
Hcc Industries 3 Crafton Industries The Sale Of Goods Act 1893 1980 Implied Terms Into Consumer Contracts Investment Decisions
Icebreaker The Us Entry Decision Murray Ohio Manufacturing Co 2 Organizational Inclusion Threshold Sports Llc
Target Corporation Ackman Versus The Board Murray Ohio Manufacturing Co Assessing Earnings Quality Nuware Inc 2 Doing Deals And Leading Teams At Xaf Partners 2
Www Dhonuk Com Dr Tims Premium All Natural Pet Food Growth Options And Web Analytics Insights 3 Leica Camera A Boutique Firm Faces A World Of Change 2 Macroeconomic Analysis Of Us Economy
Dqs Procter Gamble Organization 2005 A Apple Inc In 2012 Be Our Guest Inc
Tesla Motors 5 Ross Abernathy And Frontier National Bank Giordano International Sustained Success Beyond 2005 2 Brinks Company Activists Push For A Spin Off
Chipotle Mexican Grill Inc Food With Integrity 2 Cemex And Antidumping 2 J Trading Financial Analysis Assignment
Morocco Global Wine War 2009 New World Versus Old Valuation And Corporate Finance Transactions Linkedin Corporation
Friendly Cards Inc Czech Mate Jake And Dans Marvelous Adventure A Metabical 80 Hudson Vinegar Hill Dumbo Brooklyn
A Chinese Start Ups Midlife Crisis 99sushe Com Striker Corporation In Sourcing Pcbs Risk Management At Apache 2 The Return Of The Loan
Elizabeth Best C Elizabeth Best A Elizabeth Best D Frank Mason A
Learning By The Case Method Freemark Abbey Winery People Express A Steinway Sons
Boston Whaler Inc Managing The Dealer Network Perspective On Entrepreneurship Rr Kentucky Fried Chicken Japan Ltd
Note On The Pricing Of Mortgage Backed Securities Kansas City Zephyrs Baseball Club Inc Adolph Coors In The Brewing Industry Hurricane Island Outward Bound School