Case Study: Thomas Manufacturing Company
I. draft Summary
The case revolves around a company called Thomas Manufacturing Company which is a business that makes air purifiers. The company is headed by its president, Mr. Thomas and is preceded by its vice president, Mr. McDonnell. The both of them were discussing on raising the prices of their products base on future economic conditions wherein materials and sources would become more expensive. They didnt want to raise their prices too high because maybe thus they wouldnt sell as much as forward so they looked for a way to reduce the operating cost of the products.
Mr. McDonnell has people who were newly graduates from business schools to write a piece of recommendations on how the company could reduce costs. The one who submitted the best newsprint was named Mr. Younger. Mr. McDonnell decided to use his views as their basis on dowry the company.
What Younger said basically was to decrease inventory levels as to have less inventory at all multiplication and to cut off their current suppliers because they were musical accompanimenting the company from grasp better heights and to look for newer, cheaper alternative sources. But the head teacher purchasing agent, Mr.
previous(a) who had twenty-five years of work contract in Thomas Manufacturing, opposed what Younger said and single wanted the opposite of his proposal. Mr. Older instead, wanted for the company to obtain more inventories and keep stocks high in case the prices would rise, prominent them the stocks at a discount. He also mentioned about how to keep their present ties with their suppliers because they have trusted them, they gave good services, and overall be good contacts for the company.
So the question that is poised in this placement is with whos suggestions are you in favor of, the experienced Mr. Older or the new generation Mr. Younger?
II. Identification of primeval Issue
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