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Essay / Research Paper Abstract
This 4 page paper or is based on a case study supplied by the student. Written in the style of executive summary, the report looks at the way in which the fictitious company, Euronics, can reduce the costs associated with the central stores functions. The potential of reducing costs and retaining of functions in-house as well as the potential outsourcing are both discussed, looking at the way each different strategy may be utilized to reduce costs. The paper ends with a recommendation. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEeuronico.doc
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Unformatted sample text from the term paper:
in order to realize this goal. 2. Relevant Facts1 There are two potential strategies which may be utilized, each with impact on business in a different way. The organization
currently undertakes their own central stores operations, with facilities that allow for the storage of 500 different items, which are delivered on a regular basis through a loading dock. The
door was currently employ a number of individuals, including warehouse operatives to receive, manage and send out the goods along with supporting administrative staff. Resources utilized including real estate and
running costs of the warehouse, the information technology infrastructure, as well as relevant cost such as insurance and wastage due to spoiled stock (Mintzberg et al, 2008). The outsourcing option
would result in the elimination or a significant downscaling of the central warehouse. Responsibility for the functions will be transferred to a third party allowing for a reduction in resources.
The facilities to store and the requirements to manage inventory will no longer be present. This will result in a number of job losses and a reduction in the overhead
costs, but an occurrence of third party costs. Outsourcing will also see a transfer of risk to the outsource supplier, this will be accompanied by a transfer of control over
the stock (Mintzberg et al,2008). 2. Options and Analysis There are some potential sources of cost reduction in both options. Methods of reducing costs retaining the service in-house may
include; * Examining the work schedules to eliminate any costs overtime and introduce fewer full time workers and more part time flexible workers to that labor hours may be adjusted
on an as needed basis, to reduce labor cost wastage. * Reduce the number of skilled workers to reduce the wages bill * Increase efficiency in the storage processes, such
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