Manufacturing And Service: Competitive Advantage (Coursework Sample)
PLEASE READ ALL THE INSTRUCTION THE VERY LAST PART IS THE IMPORTANT PART. No cover page is needed, just cover the one topic and include a reference page...
The purpose of this assignment is to help students understand how manufacturing and service companies can maximize their competitive advantage. The Porter Model is discussed as a method to categorize and assess businesses and industries.
Write a report in which you address the following:
+ Examine and discuss competitive strategies that manufacturers can use to gain competitive advantage.
+ Appraise costing and financial strategies for manufacturing and service companies.
+Identify value chain strategies for both manufacturing and service companies.
Discuss (Porter's Model) and categorize (NAICS) the industry of a company the Learning Team Selects (Boeing was seleced).
THE ONLY PART THAT NEEDS TO BE DONE IS : Appraise costing and financial strategies for manufacturing and service companies.
Manufacturing and Service
Evaluate costing implies the operation brought on by a company to ensure quality products are dispatched to consumers. Winning strategies are based on sustainable competitive advantage (Porter, 2008). A corporation has a competitive advantage whenever it has the edge over its competitors in safeguarding clients and protecting them against their rivals. A company incurs appraisal costs to detect defective inventory before they are distributed to customers. These costs help the company from losing customers due to default products, which possibly could mean them purchasing products from another company. The company is likely to incur marketing cost in an attempt to attract the customers, which leads to a subsequent decrease in profits (Evans, 2002). A company incurs costs while inspecting work-in-progress materials, cost of supplies to carry out the inspection, inventory destroyed as part of the testing process, and personnel involved in inspection procedures.
The costing and financial strategies are unique for every manufacturing and service company. Manufacturing companies...
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