Artemis Sportswear Proposal Essay

1730 words - 7 pages

Introduction
Artemis Sportswear Company (ASC) is a newly established company that is proving to be a competitor in the distribution of athletic gear throughout the United States. ASC board members have determined that there is a need to increase profit margins to allow for expansion of the company to meet an increased demand. Increasing costs of their products is out of the question, cutting operational costs is the only solution.
Background
In an industry saturated with aggressive competition, it is vital for any business to take strategic measures to ensure that the business sustains itself into the future. ASC has proven itself to be the rising star in the sportswear market by making ...view middle of the document...

Strategic advices to aid the company in attaining sustainable long-term profits, through the streamlining of the operational processes, are proposed. This study will close a subjective analysis and conclusion on the subject, which will include the limitations of the theories that have been used in this study.
Key Problems
Upon initial review by the team of specialists brought in by Phoenix Enterprise Consultants, Inc., one of the main issues observed; Artemis is not operating at an efficient or competitive level in comparison to it's closest competitors. The fundamental problems that have been identified and need to be addressed before ASC can see an increase in profit margins consist of the following elements:
* Streamlining the manufacturing process
* Seasonal labor cost
Streamlining the Manufacturing Process
According to the market research conducted by the team of specialists, Artemis' closest competitor, Adidex, is on pace to closing the retail revenue gap with ASC within two years. The results for Adidex in Q3 of 2013 show a $5.85 billion revenue which is on pace for them to close the fiscal year at $7.0 billion. Adidex has shown 22% increase in revenue over the past two years. In comparison, ABC has shown a 34% increase in revenue in the past four years. ASC is being challenged as a leader in the sportswear market. In order to mitigate this development, fundamental changes have to be made in the manufacturing process to reduce operational expenses and increase revenue.
Seasonal Labor Cost
The athletic gear market fluctuates on a seasonal basis. All sports are played during certain seasons, and some sportswear is not in demand year-round. During these breaks between seasons, it is difficult to maintain a full workforce. Hours for each employee are reduced causing many to seek full time employments elsewhere. It is also extremely costly to maintain compensation and full benefits when there is a high turnover of employees during the slow portions of the season.
Historically, employees will seek new employment when their hours are cut due to down-time. Some employees will be resistance to changes in current processes. When employees walk away from the job, it creates a demand on the remaining workforce to work additional hours, creating overtime costs. A reduction in a permanent workforce will also affect the success of a new lean process. In most cases, it is the employees that are getting the higher salaries who stay employed with the company which creates higher expenses by having to pay them overtime.
When considering the cost of a direct hire employee on a part time basis, costs additional to basic wages can be extensive. The budget must include allowances for Social Security which is 6.2 percent on the first $90,000 of salary ("Social Security"). Unemployment cost is 6 percent of the first $7,000 of salary ("Unemployment Insurance Tax Topic"). If there is a high turnover rate with numerous unemployment compensation...

Other Essays Like Artemis Sportswear Proposal

Living In A Cashless Society Essay

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question

The French And Indian War: The "Real" First World War

1955 words - 8 pages The Seven Years War, or more commonly referred to as “The French and Indian War”, has been called the true First World War. In this book The French and Indian War: Deciding the Fate of North America, the author and historian Walter R. Borneman paints a detailed and elaborate picture that justifies the claim of it being the first true war of global proportions. If ever there truly was a climax to the never ending feud of the European powers

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages eradicate the use of animals for medical research when their use is avoidable. In 1954, Charles Hume, the founder of the Universities Federation for Animal Welfare, made a proposal for the implementation of the three R’s (Zurlo). The three R’s stand for reduction, refinement and replacement, and this proposal was just the start of the abolition of using animals in research. “The use of reduction means obtaining comparable levels of information

Education And The Evolving Job Market

2363 words - 10 pages of “shaping the individual’s powers…forming his habits… and arousing his feelings and emotions.” Furthermore, he states in order to properly prepare a student for the future, one must “give him command of himself.” Years later, in her 1983 rejection of the claims of the Paideia Proposal, Nel Noddings expands upon the thoughts of Dewey saying in order to provide the best education for all children, teachers must hold the variety of each of

Young And Relentless

1737 words - 7 pages There are numerous influences that can be responsible of teenager’s behaviors and attitude as they develop. One factor that is important to these behaviors is parental figures being over involved or uninvolved in their children’s lives. Many of these effects include illegal substance abuse, rising sexual activity, underage alcohol consumption, and tobacco use. Studies show parental participation plays a key role in the characteristics developed

The Natural Law Theory

1231 words - 5 pages Obeying by the natural law theory is the only true and moral way to live life; especially a life lived in God’s image. God’s presence is a guiding factor to obtaining a moral and virtuous life, which can only be obtained by following the natural law theory. God created a set of laws as a supreme guide for humans to live life, like any law these laws were created to ensure wellbeing for everyone. The laws he created are the civil law, the natural

Resolved: Presidential Signing Statements Threaten To Undermine The Rule Of Law And The Separation Of Powers

1811 words - 8 pages The subject of signing statements has created much debate among the houses of Congress, government officials, and the public alike. These signing statements fall under the categories of constitutional and legislative history signing statements. Constitutional signing statements are those in which the president deems certain provisions of the legislation as unconstitutional, therefore they should not be enforced (Bradley & Posner, 2006

Oppressive Systems Of Government In Egypt And Animal Farm

1529 words - 7 pages As in Egypt, Orwell demonstrates through his allegorical novel “Animal Farm” that leaders are able to establish and maintain power over a people, and in turn create an oppressive and corrupt government system. Orwell shows the significant difference in the education and levels of knowledge in the animals, and how the government takes advantage of this difference. The split between the levels of intelligence is portrayed in the first chapter when

The Pathway To Psychosis

1415 words - 6 pages “How all occasions do inform against me” is a line from act IIII, scene IIII of William Shakespeare’s Hamlet. This line, spoken by Hamlet, expresses his emotional state as he is currently overwhelmed by the death of his father, the king of Denmark, and the situation surrounding it. After Hamlet learns of his father’s death he finds out that his mother has married Claudius, Hamlet’s uncle. On top of all of that, Hamlet soon after

Rated “M” For “More Censorship Not Needed”

1241 words - 5 pages Since the moment video games became a commercial success there have been people who have pushed for unfair amounts of censorship to be placed upon the content of the games and its availability to children. These groups push for increased regulations on content but there is already an appointed group to handle this issue, the ESRB. Even though there has been an increase in mature content in the video game industry, increased censorship is not

Four Components Of A Legally Astute Social Media Marketing Manager

1914 words - 8 pages With the advances in technology constantly changing companies have to find better ways to market their products to consumers. The explosion of Facebook has given companies a way to market products to consumers. Examine how a legally astute manager can use social media to his advantage. Review different forms of dispute resolution and determine which one works the best. What is the best course of action, the government can use to

Related Papers

Artemis Sportswear Proposal Essay

1942 words - 8 pages Artemis Sportswear Proposal Comm/215 August 4th, 2014 Artemis Sportswear Proposal Artemis Sportswear is a non-profit company, specializing in the creation, marketing and production of sporting goods and apparel, the company also offers its own line of Wines. Artemis donates and raises money for charities and organizations with the help of some hockey legends, such as Jason Zent. Although Artemis is a non-profit company, this does not mean

The Separation Of Capital Ownership And Control

1577 words - 7 pages The argument of whether the separation of capital ownership and control is an efficient form of organization has constantly been a controversial issue. The criticism whether the controllers’ act is in the best interest of the owners’ wills never end as long as hired managers operate management. As the number of public companies has been increasing over the course of this century, meanwhile the American style of contact based corporation has

The Versatility And Flexibility Of Oled's

1014 words - 5 pages In April 1, 2002, organic light emitting diodes gain rise in the scientific community with their published, more practical form at Ames Laboratory. “Scientists at the U.S. Department of Energy's Ames Laboratory, in collaboration with scientists at the University of Michigan, Ann Arbor, have developed and demonstrated a novel, fluorescence-based chemical sensor that is more compact, versatile and less expensive than existing technology of its

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues