Industrial Grinders' Case Study Example | Topics and Well Written Essays - 1000 words

industrial Grinders - Case Study ExampleProblem Statement & Analysis of Key Issues/ origin Causes Industrial Grinders sign problem is the introduction of plastic ring, a surrogate for the marque go powerful in certain machines by the french firm Henri Poulenc. The merchandise is used for the same purpose the steel ring does, which Industrial Grinders manufactures. In analyzing the key issues and pedigree causes, the plastic ring was new to the market and exchange at a lower price than the steel ring. The plastic ring is 4 times the wearing away characteristics of the steel ring that fully devastate the demand for the steel ring. Lawrence Bridgeman, the overall manager of the German ground had done a research and found out that the problem stemmed from I.G.s large cogency of steel ring in hand, and the considerable inventory of exceptional steel for their manufacture. In analyzing the key issues and root causes after a thorough survey by Bridgeman, the problem was that the special steel could not be sold even for scrap and the total book value of these inventories exceeded $93,000 (Industrial Grinders & Machining, 2012). In analyzing the key issues and root causes, Industrial Grinders Comp both confront a competitive nature in the line of the product it was manufacturing. Competition had make out fairly strong with the idea of Japans industries producing low-priced spare parts that successfully entered into the world(prenominal) business (Industrial Grinders & Machining, 2012). Many companies had also established themselves and were producing low-quality and low-priced machines that attracted some(prenominal) clients across the globe. Industrial Grinders lost many clients who decided to try the cheap merchandise that had low price. Tests conducted by Ericsson and Greiner showed a critical problem faced by Industrial Grinders. In analyzing the key issues and root causes, the problem was the plastic ring produced by the French plant that had 4 times the wearing properties of the steel ring. The challenge faced by Industrial Grinders is that it would fully devastate the demand for the steel ring in the international market, hence reducing the profits achieved annually. The return and selling rate of the steel ring will go down drastically because the plastic rings and the industry will find it difficult to operate in its full capacity and 15100 finished rings would be left on hand by the mid year. accomplishment Plan & Alternative Courses of Action Plans and Their Associated Consequences I critically think Industrial Grinders alternative courses of action and their associated emergences should initiate from the management and employees efforts. They should be train to find quick and workable solutions to their problems to become effective in their line of business (Industrial Grinders & Machining, 2012). Firstly, I.Gs initial action plan is advertising their steel rings effectively to the consumer by stating the significance and advantages of it. It should use the media and any other accessible means to reach out to clients and promote their merchandise effectively. Industrial Grinders management should not hesitate to release funds for the advertisement purpose and the department concerned should initiate the action plan. The associated consequence for this plan is that Industrial Grinders Company will be known and recognized by potential clients. These