Futronics Inc CaseEssay Preview: Futronics Inc CaseReport this essayI have provided for you the best options that are going to change the future of Futronics, INC. I have found ways that will reduce the cost of how we do business by looking at outside sourcing for some of our in house services. I have put together the best options for both decisions. If we are to stay competitive we will need to save our company money so that we can focus on other areas that will help us crow and be profitable. The benefits of outsourcing are not just saving money, but give will give us the opportunity as a company to reposition ourselves in todays industry. The following are just a few of the benefits gained from outsourcing:
Futronics Inc in a nutshellFutronics Inc is a great place to start this time of the year as the company has many openings in the online retail market as well as a new location in San Francisco through its new factory in North Point where we will work with our design, manufacturing, sales, ecommerce and the manufacturing and fulfillment partner. You can find their website or call them here to schedule a meeting immediately.
So what is the cost of this new position? The answer will impact a lot for our business which is why I am looking at just two options I have found that lower this by up to a couple hundred dollars for the new position. I want to say “the more people we have” because I want to make sure we have the skillset that we need to make a positive impact. The cost of this position will be similar to what we will have when we are out there and this is why I am looking for a one to two year increase in the number of positions that we have available. You can also view their full annual report here for a summary for a complete list of benefits to those new positions over time.I am also looking at the potential for the new position to be able to increase the amount of money we allocate a year. If this sounds confusing to you then there is one thing that is true. My company wants to be successful. Our business model and approach was developed to work against changing the business trends that continue to drive our growth. Our current model focused on working at the scale people envision and looking for things that will bring our customers success faster than we do right now. I have looked at the benefits that this will provide to our business in my previous role and I also look at what these changes will mean for the future. So I would like to point one of the things I would like to see from the new position and what people will look to do to help fill it up. For us, you can look at the following examples.Here we have the company with 12 employees. You can choose to hire four on a company end basis. You will need to create a business plan that you think will help the company grow more. You will need to do this in a way that ensures that the company operates and is a better place for its employees. For instance, we have an Employee Solutions Team of 7. This team will assist with the process of creating our hiring plans and will develop our customer experience and strategy to help in this role. While I am confident that you will see a consistent progression in how we manage this transition and with many of the new positions being created in the business we are considering and I am sure that you will recognize that there is much to be improved in our organization, the team, business and product leadership and management skills. The team will
Futronics Inc in a nutshellFutronics Inc is a great place to start this time of the year as the company has many openings in the online retail market as well as a new location in San Francisco through its new factory in North Point where we will work with our design, manufacturing, sales, ecommerce and the manufacturing and fulfillment partner. You can find their website or call them here to schedule a meeting immediately.
So what is the cost of this new position? The answer will impact a lot for our business which is why I am looking at just two options I have found that lower this by up to a couple hundred dollars for the new position. I want to say “the more people we have” because I want to make sure we have the skillset that we need to make a positive impact. The cost of this position will be similar to what we will have when we are out there and this is why I am looking for a one to two year increase in the number of positions that we have available. You can also view their full annual report here for a summary for a complete list of benefits to those new positions over time.I am also looking at the potential for the new position to be able to increase the amount of money we allocate a year. If this sounds confusing to you then there is one thing that is true. My company wants to be successful. Our business model and approach was developed to work against changing the business trends that continue to drive our growth. Our current model focused on working at the scale people envision and looking for things that will bring our customers success faster than we do right now. I have looked at the benefits that this will provide to our business in my previous role and I also look at what these changes will mean for the future. So I would like to point one of the things I would like to see from the new position and what people will look to do to help fill it up. For us, you can look at the following examples.Here we have the company with 12 employees. You can choose to hire four on a company end basis. You will need to create a business plan that you think will help the company grow more. You will need to do this in a way that ensures that the company operates and is a better place for its employees. For instance, we have an Employee Solutions Team of 7. This team will assist with the process of creating our hiring plans and will develop our customer experience and strategy to help in this role. While I am confident that you will see a consistent progression in how we manage this transition and with many of the new positions being created in the business we are considering and I am sure that you will recognize that there is much to be improved in our organization, the team, business and product leadership and management skills. The team will
Futronics Inc in a nutshellFutronics Inc is a great place to start this time of the year as the company has many openings in the online retail market as well as a new location in San Francisco through its new factory in North Point where we will work with our design, manufacturing, sales, ecommerce and the manufacturing and fulfillment partner. You can find their website or call them here to schedule a meeting immediately.
So what is the cost of this new position? The answer will impact a lot for our business which is why I am looking at just two options I have found that lower this by up to a couple hundred dollars for the new position. I want to say “the more people we have” because I want to make sure we have the skillset that we need to make a positive impact. The cost of this position will be similar to what we will have when we are out there and this is why I am looking for a one to two year increase in the number of positions that we have available. You can also view their full annual report here for a summary for a complete list of benefits to those new positions over time.I am also looking at the potential for the new position to be able to increase the amount of money we allocate a year. If this sounds confusing to you then there is one thing that is true. My company wants to be successful. Our business model and approach was developed to work against changing the business trends that continue to drive our growth. Our current model focused on working at the scale people envision and looking for things that will bring our customers success faster than we do right now. I have looked at the benefits that this will provide to our business in my previous role and I also look at what these changes will mean for the future. So I would like to point one of the things I would like to see from the new position and what people will look to do to help fill it up. For us, you can look at the following examples.Here we have the company with 12 employees. You can choose to hire four on a company end basis. You will need to create a business plan that you think will help the company grow more. You will need to do this in a way that ensures that the company operates and is a better place for its employees. For instance, we have an Employee Solutions Team of 7. This team will assist with the process of creating our hiring plans and will develop our customer experience and strategy to help in this role. While I am confident that you will see a consistent progression in how we manage this transition and with many of the new positions being created in the business we are considering and I am sure that you will recognize that there is much to be improved in our organization, the team, business and product leadership and management skills. The team will
No warehouse expensesLower operational costDiscontinue inventory storageEliminate inventory expensesSaving time on deliveriesCustomized customer careA substantial amount of savings gained by Futronics and less hassle acquiring the items that we need to do our daily business.The table below lists the relevant facts for and against outsourcing.Futronics Central StoreComparison issueOutsourcingWarehouse in Lexington operational cost $200,00 annuallyWarehouse space/costWarehouse and annual cost eliminated.Annual cost $900,000Annual costSavings of 6% or $54,000Inventory cost $140,000InventoryNo inventory saving $140,000New catalogue every six monthsCatalogueSpecially printed catalogues in unique binders.Order times 10-14 daysOrder cyclesNo longer than 10 daysItems delivered to dock or receptions areaDeliverySecretaries desk.Catalogue has 500 items stocked.CatalogueCatalogue has 600 items stockedThe information clearly shows the areas that we can cut cost or totally eliminate the cost from the companys budget. This will also save Futronics, INC money and overhead expenses immediately. The personnel that are currently at the warehouse will be reassigned to other positions with-in the company. This will still save money and resources for the company. Moving forward with outsourcing Futronics, INC will be able to focus on other areas we could trim the fat and reposition our company to focus on or business goals and advance the company in those areas.
The future of Futronics is at hand and the future looks bright. We will be able to move our business to the areas we need to grow and position ourselves as industry leaders. Here are some of the improvements that we will