Essay About Available Resources And Asphalt Pavement

Bkal 3063 – Integrated Case Study
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[pic 1]BKAL 3063INTEGRATED CASE STUDYGROUP GCASE STUDY 2: COSTO PAVERSPREPARED TO:ASSOC. PROF. DR. SITI ZABEDAH BINTI HJ SAIDINPREPARED BY:GROUP 5NAMEMATRIC NUMBERONG KIE LING232039AHMAD ROHAIZAD BIN ABD RAHMAN233164NIK NUR FAKHIRA BINTI NIK AHMAD ISKANDAR233213NUR AQILAH BINTI ABDUL HALIM233645SITI SHAH AEDIRYNNA BINTI ABU HANIFAH234042DATE OF SUBMISSION:12th OCTOBER 2017QUESTION 1 – VRINE ModelVRINE Model is a framework which analyses the available resources through their capabilities and work levels. VRINE model consist of valuable, rarity, inimitable/non-substitutable and exploitable. All of this components are related to each other and need the company to identify and recognize all the capability resources in their environment. Valuable means the capability of resources that can allow the company to achieve market demand and protect the company from fluctuation of economy. If the resources is valuable, the company should recognize whether it can be rarity or not. Rarity means the resources are scarce and not all company having it. Then if the resources are classify as rare, the company must identify whether it inimitable/non-substitutable or not. It means the level of difficulty of competitor to get the resources. Lastly, the company must exploit the particular resources to get the major control on it.Based on Costo Pavers company, all of VRINE model are table as below:ModelResourcesCapabilityCompetitive implicationPerformance implicationValueCosto Pavers have nine loyal and hardworking employees.The nine loyal and hardworking employees were understood well about the competitor because they was work at that company for a long time. So they can anticipate any strategies make by competitor. The nine backbone employees can support the company in terms of routine procedures and making strategies, so that the company can run well under any owner. Costo Pavers have a good financial condition that allow the company to make a bank loan to do major investment.There are major investment in vehicles, equipment and infrastructure. So, the company can stay competitive using new technology and facilities.Can use the fund to support the business for long term growth and will act as long term investment. New places of company’s office where are at former industrial park. Firm would have adequate infrastructure to support its operation going forward. The sufficient resources at new places will produce product better using the new technology and infrastructure. It ease the supervisor to monitor production places. Furthermore, it can assist the employee to make the better processes under the supervising. Computerized of quotation.Everything will write down and signed by John, so it will limit the legal risk. When there are no legal risk happened, it will give good reputation for company.Can avoid miscalculation and fraud from being happen.Costo Pavers has many source of liquid from supplier. There is a lot of supplier option for company to buy liquid. So the company can choose the reasonable price among the supplier.Can get the cheaper prices of raw material (liquid). So it will increase profit margin. Use reclaimed asphalt pavement technique.Can build up another project using the recycle of asphalt. It can reduce cost and increase the profit. Moreover, it can turn the waste into profit.Use natural gas – fueled asphalt plant.This will avoid the risk in fluctuating of gas and oil prices. So, the cost for this material will constant and will make easier for estimator to produce the low cost of production.RarityUse reclaimed asphalt pavement (RAP) technique.Not all company has knowledge or technology to use this technique, so it can act as big advantage for Costo Pavers to produce the product at the low cost to stay competitive in market. This classes as rare resources because not all company have knowledge in Reclaimed Asphalt Pavement (RAP) technique. RAP can give big advantage to company to increase the profit and at the same time can compete others competitor. Use natural gas – fueled asphalt plant.Not all company can use this technology because it need a lot of investment to prepare this technology. So, Costo Pavers can protect themselves from high price of gas and oil.Natural gas can save the cost for long term. It also can reduce environmental costInimitabilityUse reclaimed asphalt pavement (RAP) technique.There are no inimitability and exploitability of these resources because it can learn by other competitors.Use natural gas – fueled asphalt plant.ExploitabilityUse reclaimed asphalt pavement (RAP) technique.Use natural gas – fueled asphalt plant.