This go along way in reducing the space requirements. Economies of scale can be achieved by negotiating for better product pricing through higher volume purchasing. Wolf would need to make adjustments to inventory levels to accommodate demands during peak seasons and promotional marketing periods.
How supply-chain management concept will help John wolf reduce investment and space requirements while maintaining adequate service levels.
Recommendations for structuring purchasing process: Wolf Motors has to be concerned with price, quality and delivery in order to ensure after-sale customer service and satisfaction is achieved and maintained.
How to Keep up with a Fast Growing Business.
Wolf would need to analyze historical inventory turnover rates to identify the appropriate range of supplies required to be on hand in each category. Using Supply-Chain Management to reduce space and investment requirements while maintaining adequate service levels: Purchasing policies and procedures for different types of service parts Wolf motors case study materials: The system would alert purchasing agents and suppliers when critical inventory levels are reached.
With effective supply-chain management, Wolf Motors can streamline the acquisition processes and maintain efficient inventory control while reducing unnecessary inventory warehousing. Inventory Pooling between dealerships could eliminate the need to overstock; parts could be swapped between dealerships in emergency situations.
It should be a time for John Wolf to stop dealing with disturbing customers both suppliers whose products yield less profit and customers who keep on nagging for lower prices.
He needs to be proactive by studying and comprehending the outcome of a business venture before getting into it. It ensures that the supplies are made available when they are needed the most this is made possible by contacting the supplies to inform them whenever the service parts are needed.
Retrieved on April 6th, from company. John wolf should learn to delegate tasks which will go a long way in pumping in new ideas and renovations in handling the fast growing nature of his business. Retrieved on April 6thfrom Inc. How purchasing policies and procedures will differ when the dealerships purchases different types of service parts and materials e.
Retrieved on April 6th, from Info Entrepreneurs n. John Wolf needs to find at least one mentor who has been in the same position and learn from him. This would facilitate greater leveraging with suppliers for consistent quality-control.
A Vendor-Managed Inventory system would allow the suppliers to continuously replenish stock as needed to avoid shortages. John Wolf should consider hiring virtual workers to save on workspace which will in turn save him much of the business operating cost in terms of buying necessary staff equipment.
Wolf Motors should consider a centralized corporate level Materials Management System to consolidate buying decisions for each of the 4 dealerships. Developing the relationship with the distributors and suppliers is critical to ensure availability of supplies necessary to maintain services that continue to satisfy customer needs and demands.
Having a close personal relationship with his suppliers will help him understand his suppliers work and how it can benefit his dealership financially for example he may be able to obtain supplies on credit.
Recommendations to John wolf on better ways of restructuring the purchasing process for the Wolf motors dealership network. An objective would be to reduce the number of suppliers in the purchasing process by identifying a single source distributor for as many supply and product acquisitions as possible.
Tell us what you need to have done now! Working with the distributor Wolf can to identify and select only those brands or products that meet the quality standards which they have set.1. Recommendations to John wolf on better ways of restructuring the purchasing process for the Wolf motors dealership network.
John Wolf needs to find at least one mentor who has been in the same position and learn from him. It should be a time for John Wolf to stop dealing with disturbing customers both suppliers whose products yield less profit and customers who keep on nagging for lower prices.
Wolf Motors Case Study on mint-body.com - Business, Other types - Mimi Kwamimi, ID - Case - Wolf Motors Focus purchasing process & management of service parts, materials Purchases each of four dealerships -own service parts based on forecasts derived from historical demand Challenges tremendous number of different parts need to keep on hand Existing Supply Chain.
Mr. Wolf is concerned about the availability of the team members with the right traits as the right people is most essential for apt after sales service. Also. Case Wolf Motors Case Wolf Motors Questions 1.
John Wolf should build a good relationship and trust with his suppliers so that they may share information on inventory levels. With the use of technology Wolf can share information within the Wolf Motors dealership network.
View Essay - Case Study from BUS at Florida Institute of Technology. Wolf Motors Case Study Wolf Motors Case Study Florida Institute of Technology Production and Operations Management BUS%(57).Download