Question 1
Kudler fine food has made an immense contribution towards the sanity that is evidenced in the wines and spirits and food industry. It is estimated that this organization is one of its own in the industry of wines and spirits and food. The company has owed its success to the efficient application of the forecasting techniques. One of the forms that Kudler Fine Foods uses is the market research and the panel consensus. These two forms characterize the qualitative forecasting technique. The company has been collecting data from its clients through interviews and surveys in order to evaluate the level of customer satisfaction. The other form that is panel consensus focuses on holding meetings with their customers and having an open discussion that will make the company produce better forecasts.
The other forecasting technique that has contributed significantly to the success of KFF is the time series analysis. This is the idea that helps to the company to predict future sales based on the past sales. In this technique, they imply two elements of the time series analysis. One of the elements is the shiskin time series that breaks down time into seasonal, trends and irregular series. The KFF managers use this form of time series technique to forecast their sales (Reading, 2004). The second element is the trend projections that are used by the KFF to predict on the times that the company is likely to make high sales. The other technique that has contributed to the success of the KFF is the casual relationships. The company uses forecasting methods that are based on sales that are affected by advertising, quality and competitors. KFF Company uses two forms casual relationships, and that is the regression and input and output models.
Question 2
There are several things that have been employed by KFF to credit their success. One of thing that has been of high importance is the production plan. The company has a well-defined plan that has made to acquire the greatest market share in the food industry. The company buys its organic produce from the local growers that have affected its production in a positive manner. The company has also a well mastered production schedules that have led to the best company in providing their customers with the finest food stuffs, wines and other needs. The other thing that has been of high impact to the Kudler Fine Foods is the rough- cut capacity planning has made the company register significant profits in the industry (Hayes, Upton, & Pisano, 1996).
KFF has a work force that understands the customer preferences. This is because the company is aimed at satisfying their customers’ needs to their best. This attracted a lot of people to buy their products from KFF. The other thing is that Kudler Fine Foods has an established inventory that relate to budgets. This is because each and every business is aimed at getting profits. This has made the KFF keep well-structured records that are evaluated when they are closing their financial year. With this, they are able to evaluate whether the extra services offered by their staffs are beneficial towards improving the company profits. The inventory also makes the company decide on whether they should adopt new strategies to improve their sales. The company uses its inventory can help the business to evaluate their mode of conduct and results.
Question 3
Material requirement planning is very essential to any business organization. This is because it helps the organization to maintain the lowest possible level of inventory. The other thing is that with material requirement planning ensures that there are available materials for production and the products are available for delivery to the customers. KFF unlike other food industries they get their materials for production from the local producers. By this, they are assured of the quality of the ingredient that is offered to them. KFF and other food selling companies have some various similarities. One of the similarities is that both of them are aimed satisfying their customer needs. This makes both companies focus on their customers other than anything else. The other similarity is that both companies are using their manufacturing techniques to produce unique goods to their customers (Hayes, Upton, & Pisano, 1996).
However, the two companies vary in many ways. One of the ways is that KFF uses local produce to manufactures its products while KFC imports its produce. This means that KFF promotes the economic growth of California. The other thing is that KFF is not an international market whereas the KFC is all over the world. This means that the KFC has acquired the largest market share in the food industry when compared to KFF. KFC has opened several outlets across the world that has contributes to their immense growth in the industry. The other thing that tends to vary between the two companies is that KFF deals with food stuffs and wines and spirits while KFC deals with fast foods only. This means the KFF has a wide range of products available to their customers.
Question 4
KFF has a well-established material requirements planning system that has made the company have low inventory levels. One of the things that the company use MRP is to make sure that the company always has sufficient quantities that are used in the manufacturing processes. By this, they are able to meet their customer needs and supply their products on time (Reading, 2004). The other thing that KFF uses MRP for is to make sure that the company does not use excessive quantities of materials for an item. This is because if the company uses excessive quantities, it results to using more materials that the products made. This will make the company register significant losses as most of the money is spent in buying manufacturing products.
The other thing that KFF uses MRP for is to ensure the company processes the products in time. This helps the company to meet the customers’ deadlines and ensure that they are not missed. Generally the MRP helps the company to know the items required the quantity that is required and at what time they are required. It is depicted that the MRP has been of significant importance to the Kudler Fine Foods. It is believed that the company owes its success for the utilization of the MRP. When we have a close attention to the success of the KFF, it is clear that the company has invested heavily on ideas in making sure that the company is unique in the industry. It also established that the Kudler Fine Food is the best-selling food joint in California. This is because of their dedicated staff and the influential managers.
References
Reading, C. (2004). Strategic business planning: A dynamic system for improving performance & competitive advantage. London: Kogan Page.
Hayes, R. H., Upton, D. M., & Pisano, G. P. (1996). Strategic Operations: Competing through capabilities. New York: Free Press.
