StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Industrial Grinders' - Case Study Example

Cite this document
Summary
Industrial Grinders’ Case Study Name Instructor Task Date Introduction Industrial Grinders (I.G) is an industry dealing with the production of steel rings currently used in certain machines. The industry (I.G) has been into existence for more than 70 years and has manufactured industrial machines for sale in numerous countries globally (Industrial Grinders & Machining, 2012)…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.6% of users find it useful
Industrial Grinders Case Study
Read Text Preview

Extract of sample "Industrial Grinders'"

Download file to see previous pages

Problem Statement & Analysis of Key Issues/Root Causes Industrial Grinders’ initial problem is the introduction of plastic ring, a surrogate for the steel rings effective in certain machines by the French firm Henri Poulenc. The merchandise is used for the same purpose the steel ring does, which Industrial Grinders manufactures. In analyzing the key issues and root causes, the plastic ring was new to the market and sold at a lower price than the steel ring. The plastic ring is 4 times the wearing characteristics of the steel ring that fully devastate the demand for the steel ring.

Lawrence Bridgeman, the overall manager of the German plant had done a research and found out that the problem stemmed from I.G.’s large capacity of steel rings in hand, and the considerable inventory of exceptional steel for their manufacture. In analyzing the key issues and root causes after a thorough survey by Bridgeman, the problem was that the special steel could not be sold even for scrap and the total book value of these inventories exceeded $93,000 (Industrial Grinders & Machining, 2012).

In analyzing the key issues and root causes, Industrial Grinders Company faced a competitive nature in the line of the product it was manufacturing. Competition had become fairly strong with the idea of Japan’s industries producing low-priced spare parts that successfully entered into the global business (Industrial Grinders & Machining, 2012). Many companies had also established themselves and were producing low-quality and low-priced machines that attracted many clients across the globe. Industrial Grinders lost many clients who decided to try the cheap merchandise that had low price.

Tests conducted by Ericsson and Greiner showed a critical problem faced by Industrial Grinders. In analyzing the key issues and root causes, the problem was the plastic ring produced by the French plant that had 4 times the wearing properties of the steel ring. The challenge faced by Industrial Grinders is that it would fully devastate the demand for the steel ring in the international market, hence reducing the profits achieved annually. The production and selling rate of the steel ring will go down drastically because the plastic rings and the industry will find it difficult to operate in its full capacity and 15100 finished rings would be left on hand by the mid year.

Action Plan & Alternative Courses of Action Plans and Their Associated Consequences I critically think Industrial Grinders’ alternative courses of action and their associated consequences should initiate from the management and employees efforts. They should be ready to find quick and workable solutions to their problems to become effective in their line of business (Industrial Grinders & Machining, 2012). Firstly, I.G’s initial action plan is advertising their steel rings effectively to the consumer by stating the significance and advantages of it.

It should use the media and any other accessible means to reach out to clients and promote their merchandise effectively. Industrial Grinders’ management should not hesitate to release funds for the advertisement purpose and the department concerned should initiate the action plan. The associated consequence for this plan is that Industrial Grinders Company will be known and recognized by potential clients. These

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Industrial Grinders' Case Study Example | Topics and Well Written Essays - 1000 words”, n.d.)
Industrial Grinders' Case Study Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1444621-industrial-grinders-nv
(Industrial Grinders' Case Study Example | Topics and Well Written Essays - 1000 Words)
Industrial Grinders' Case Study Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1444621-industrial-grinders-nv.
“Industrial Grinders' Case Study Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1444621-industrial-grinders-nv.
  • Cited: 0 times

CHECK THESE SAMPLES OF Industrial Grinders' Case Study

East Asian Growth

This has happened in Europe during the industrial revolution as well as in the US when it switched gears with massive investments to surpass the European nations in the first fifty years of the twentieth century.... This case study "East Asian Growth" discusses the growth rate that was seen in the East Asian countries and the causes for this economic growth and compares that with the Russian as well as the current growth in the Asian Region....
15 Pages (3750 words) Case Study

Marketing Communications on the Example of Zara

Zara one of the most successful company in the apparel industry has a very strong and unique business model.... Zara is a famous brand name in Europe on the other hand the company is getting gradually popular all over the America.... In order to keep abreast with the challenges posed in the apparel industry it is important for Zara to reinvent and innovate themselves. … When establishing a re-birthed marketing plan every aspect of the marketing plan must be critically examined and thoroughly researched....
15 Pages (3750 words) Case Study

Fundamentals of Information and Information Systems

This report, Fundamentals of Information and Information Systems, pertains to the current information system position of HP, its current business problems and the way ahead for this business through the efforts of ESS information system whose future based on its usefulness is itself at stake....
15 Pages (3750 words) Case Study

R&D and Innovation

This case study "R&D and Innovation" discusses how to achieve differentiation in terms of product characteristics targeted towards specific groups and segmented markets.... It is the strategy that requires research development, which as this case study establishes, creates innovation that drives competitive advantage....
6 Pages (1500 words) Case Study

Textile Spinning and Weaving Mills

The paper “Textile Spinning and Weaving Mills” is made on the aspects of managing purchase and supply chain and risks associated with it through a case study of “Textile Spinning and Weaving Mills Ltd.... rdquo; A visit to the textile mill was made and the report is written.... hellip; The author has identified seven themes in this section for effective management of purchase and supply chain: Managing Materials, Planning, and Building Supply Resources Ordering and Stock Maintaining, Monitoring Deliveries and Goods Receipts, Controlling and Servicing Consumptions, Stocking Finished Goods and Waste Materials, and Anticipating Risks....
10 Pages (2500 words) Case Study

Maintenance Management of Energy Industry - Chernobyl

Operating under abnormal conditions also results in many industrial accidents.... The paper "Maintenance Management of Energy Industry - Chernobyl" states that safety is the condition of being free from dangers or injuries.... Safety is those activities that look for ways of reducing or eliminating conditions that are hazardous and those which can cause injuries to the body....
15 Pages (3750 words) Case Study

Explanation of the Use of Aerogels

The focus of this paper "Explanation of the Use of Aerogels" is on aerogels as different classes of non-porous materials which are extremely less dense materials, combining a wide range of extreme and disparate material to form a single material envelope.... hellip; The first Aerogel was developed in 1931 by Steven....
8 Pages (2000 words) Case Study

The Future of Third Pipe System

It is also a form of a commercially-generated recycled water system in which non-portable water by the providers of services to a household as well as industrial use A third pipe systemThird pipe system entails development linked to recycled water.... It is also a form of a commercially-generated recycled water system in which non-portable water by the providers of services to a household as well as industrial use passes through....
9 Pages (2250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us