Carparts Ltd: CASE ANALYSIS & RECOMMENDATION Business Coursework

CARPARTS LTD: CASE ANALYSIS AND RECOMMENDATION
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[date] 2.0 Analysis and Recommendation
The automotive industry is in touch with different aspects of society such as the economic and environmental aspects. (Cioca et al., 2019) As part of the automotive business industry, Carparts LTD has a direct economic impact on its society. Although businesses are contributors to the economy, they are not exempted from the rules and regulations. Carparts LTD must comply with the requirements for the automotive business. One of the necessary approval the company must meet is the environmental standards. This checks the company's ability to perform while giving regard to the environment's sustainable development practice. Carpart LTD should also work on an innovative business strategy. Competitive human resource management is a way to improve the industry's production and sales. Competent employees will drive the company to become one of the successful and competitive businesses.
The automotive business is one of the most expensive industries as it deals with cars and its needed parts. It is also very in demand due to the rising trend of automobiles and engines. Carparts LTD competes with much large automotive company and that makes it a challenge for the company to rise above. To maximize the capacity of the company to produce, the cost-cutting strategy can be applied. Cost reduction is common in the automotive industry because of the price competition (Ge, X. & Jackson, J., 2014). If the company can reduce its cost with less impact on quality and production, it can rais its competitive chance in the market.
2.3 Relationship Between Supplier and Purchaser
The current...