This website uses cookies to ensure you have the best experience. Learn more

Case Study #2 Albatross Anchors

1229 words - 5 pages

Introduction
Albatross Anchor is a small family owned business that has been in operation since 1976. The company has grown drastically over the years and now employs over 130 people. They specialize in bell and snag hook anchors and operate as a strictly wholesale organization both domestically and internationally. Their manufacturing facility consists of one building which includes manufacturing, shipping, receiving, raw materials, finished product storage, the foundry and administrative offices. Their manufacturing facility is antiquated, worn, and technology deprived and no longer meets the US safety and environmental standards.

Question 1
Carefully review the assignment ...view middle of the document...

This can cause issues with shipping and receiving as well as the manufacturing area because it isn’t large enough to accommodate making different types of anchors. More space is needed if they would like to increase batch production as well as fulfill bulk orders faster.

(03) The third long-term change Albatross Anchor’s should make is adding different types of manufacturing equipment for different types of anchors. It takes 36 hours to switch manufacturing operations for different types of orders. This only allows for small batch production; bulk orders take at least three weeks’ notice. If new equipment was purchased that could accommodate both types of anchors, if manufacturing space was increased so that they can hold two different types of manufacturing machines, this would not only decrease build time, but also manufacturing costs.

Short-Term Operational Changes
(01) One short term change Albatross Anchor should make is their shipping and receiving styles. Shipping for international orders and receiving come in through the same area; this can cause delays and make extra work for the receiving facilities since they have to ship out and receive items at the same time. By scheduling international shipments on certain days and receiving raw materials on the other days, this will allow receiving to go much smoother.

(02) A second short-term change should be the administrative offices. The administrative offices are said to be shabby, unkempt, and disorganized. The administrative offices should be cleaned up, be upgraded with new technology (computers, etc.) and have better systems in place for organizing account information, documents, and more; this will allow Albatross Anchors to have better access to their financial documents and information if needed in the future.

(03) The third short-term goal would be inventory management. Due to limited space for storage, inventory management should be monitored more closely to keep costs down until a larger storage space or building is able to accommodate more raw materials or finished goods. By implementing an inventory management system that will provide computerized up to date information, Albatross Anchors will be better informed when they need to order more supplies and how often it should be done.

Question 2
From the list of 10 operational issues in this assignment instructions select four operational issues. For each of the four operational issues explain in detail that operational issue will help Albatross Anchor improve; 1) job retention, 2) employee morale, and 3) employee dedication.

Operational Issue One:
The first operation issue that will help Albatross Anchor improve is gain sharing and profit sharing. Gain sharing is an incentive plan that includes employees in a common effort to achieve a company’s objectives in which they share in the gains (Russell, pg. 327). A profit sharing plan is a type of plan that gives employers flexibility in designing key...

Other Essays Like Case Study #2 Albatross Anchors

Case Study 2

2073 words - 9 pages ------------------------------------------------- Case Study 2 Brittany Klinkel Rasmussen College- Moorhead Module 04 Case Study: Bone Tissue Part I— “Marissa” Questions 1. Describe bone tissue and the role each component plays in bone physiology and remodeling. What is the difference between compact and spongy bone? (2 points) Bone tissue is found throughout the body and there are four types of bone tissue. These

Case Study 2

818 words - 4 pages Case Study 1 Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger

Case Study 2-Acc504

1576 words - 7 pages Case Study 2: DATE:    October 6th, 2013 To,   The President LJB Company SUBJECT:        The need for Internal Controls We would like to thank you for the opportunity provided to us in evaluating the internal control systems of your company. As you know, internal control systems are paramount to securing the assets of any company or organization. In your case Control System will play an important role in limiting the risk of

Case Study 2

2198 words - 9 pages Case Study 2 Jessica Adkins Liberty University February 7, 2016 Performance Appraisals Mrs. Howell will be unable to use the information found within the performance appraisals to decide which employees should be discharged. This is due to the managers failing to complete the appraisals properly. A performance appraisal is defined as “the identification, measurement, and management of human performance in organizations (Luis R. Gomez

Case Study 2 Acct 504

1018 words - 5 pages Case Study 2- Internal Control Improving LJB Company Internal Control ACCT 504 Felix M. Fair October 6, 2012 Table Of Contents: 1. Introduction pg. 3 2. Proper Development of Internal Control pg. 3 3

Psych Foundation of Growth Development and Learning Case Study - Age Group 2 Years Old

2097 words - 9 pages CASE STUDY Ivina Russell Age group two years old GED 201 XM: Psych Foundation of Growth Development and Learning Prof. Yomi Ajaiyeoba Fall 2009 1. GENERAL INFORMATION a. Physical Description: Give a complete physical description of the child. Discuss height and body build in comparison with other children the same age, and any other distinguishing features. D.D. is a male child, age two years old he is medium built and his

Bp Case Study 2

859 words - 4 pages everyone who has donated an adequate[2]e amount of National Insurance for a sufficient number of years. The individuals who work and receive more that £97.65 per week are entitled to pay National Insurance. However if one gets less that £97.65 per week does not need to pay National Insurance, but in the case of having other benefits, one will still receive the basic state pension. It is recognized that each year of that payments accounts as a

Case Study 2 - 744 words

744 words - 3 pages The biggest provision that the German delegation seemed particularly interested in was the idea of reparations that needed to be repaid to both the European nation and the United States. “The amount of such compensation is to be determined by a commission nominated solely by Germany's enemies, Germany taking no part” (Wilson, 1919). The problem they came across was that not only did Germany have to agree to pay an indemnity; however, the amount

Pinnacle Case Study 2

970 words - 4 pages Pinnacle Case Project: Part 2 1. a. Likelihood of financial difficulties: The two articles mentioned bring up concerns over whether Pinnacle can rely on sales of solar powered engines. These articles imply that Pinnacle may not have the capabilities needed to perform well in that industry. Also, if EPA regulations are postponed, Pinnacle’s customers will not have as much reason to switch to solar powered engines. b. Acceptable Audit Risk

Week 2 Case Study

660 words - 3 pages 7/20/2014 Answer case analysis questions 1, 2a, and 2b from p. 21. Read Texas v. Johnson on pp. 21-22 first. Answer case analysis questions 1, 2, and 3 from p. 126. Read Brown v. Board of Education on pp. 124-126 first. Answer question 1 under “Application and Analysis” from p. 139. Pg. 21-22 * 1. What gave the U.S. Supreme Court, a federal court, the right to review a Texas state law? This is because of the Supremacy Clause of

Acct504 Case Study 2

1009 words - 5 pages LJB Company: Internal Controls. This proposal will inform the president of the new internal control requirements necessary if the LJB Company is to go public. This proposal will also inform the president of the already properly functioning internal controls, and the purposed purchase of the indelible ink machine. Finally, this proposal will inform the president as to the internal control measures which are not being taken, and thus inadequately

Related Papers

Albatross Anchor Case Study

1190 words - 5 pages . Their building is not up to standards and is very old. In this case study, I will discuss as how to improve Albatross Anchor competitiveness and see if there is a new process to help bring down the costs. Question One Based on the information presented in the scenario/case study discuss Albatross Anchor’s competitiveness in relation to (please address all items in the below list and provide support for your conclusions): 1. Cost a) Cost of

Acct504 Case Study 2

639 words - 3 pages Case Study 2 ACCT504 – Accounting Finance: Managerial Use and Analysis Elder Boullosa San Martin Prof. Doris Lombard February 6, 2016 CASE STUDY 2 1 Situation A In evaluating the internal control over inventory for the Williams Oil Services Company, an auditor learns that the warehouse receiving clerk is responsible for ordering parts for supply inventory use in drilling services, counts the inventory when received at the

Case Study 2 959 Words

959 words - 4 pages BIOL 2010: A Case Study in Osmosis Carol had butterflies in her stomach as she checked her appearance in the mirror hanging in the staff lounge. Her long hair was neatly pulled up in a ponytail and her nurses’ scrubs were clean and pressed. She exited the staff lounge and entered the hustle and bustle of County Hospital’s ER to begin her first shift as an RN. The first few hours of her shift passed slowly as Carol mostly checked vital signs

Case Study 2 838 Words

838 words - 4 pages Strategic Analysis Developing a Competitive Profile Matrix for McDonald’s Corporation As I compared the data in the Cohesion Case between McDonald’s (MCD), Burger King Holdings, and Yum! Brands Inc. it was obvious that MCD’s out ranked both of their competitors financially and by company volume. MCD serves over sixty million customers on average per day. MCD’s shareholders received five million one hundred thousand dollars in returns