Foldrite Timeline

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Goals

2006

1990

Goals
1987
1. Continued Innovation in both
product and processes.
2. Customer Responsiveness.
3. Lean Manufacturing.
4. Retention of well trained , 3 product lines Founded
stable and productive workforce Revenue Increased from Foldable Tables Manufacturing Light but
$47.5 million to $60.3 Washable Chairs strong, durable folding
million Foldable Chairs tables
 COMPETETIVE ADVANTAGE

FOLDRITE PRODUCT COMPETETIVE ADVANTAGE

HIGH QUALITY STYLISH ENVIORNMENT INNOVATIVE & NOT CUSTOMIZED

FRIENDLY EASILY IMITATED
 Demand and Sales Areas
Product Categories Product Name High Demand

Folding Table Folding Alstrong Holiday Season

Washable and Green Comfort Holiday Season
Stackable Chair
Folding Chair Cloud Chair Summers
 Pros and Cons
Subcontracting
Pros Cons
1.Get the job done right in time 1.Finding the right
subcontractor can be difficult
2.Don’t need to spend money 2. Communication can be a
on recruitment and training problem
3. Difficult to maintain the
3.Flexible as per demand. quality of product
4. Difficult to make them
understand the company
values and standards .
Design Change
Pros Cons
Once for all – Increase 1.High Cost – One time charge
Productivity $15000
2. Long Time to implement
Overtime
Pros
1.No need to lay off the
superfluous labors and thus
suffer from the demoralization
and high unemployment
insurance after the surge in
demand.
2. Flexibility: can make change
according to the change of the
demand
Cons
1. High Cost – Overtime
wages is 1.5 times higher
2. Decline in Quality -
Overtime may lead to
workers fatigue
3. Negative effect on
potential labours , the new
ones might not like the idea
of overtime.
Pros and Cons
Hiring Skilled Workers
Pros
1.Cost: it is profitable
2.Sustainability: can meet
the demand if the demand
continues to increase.
3. No need to train: the
workers can perform well
from the start
Cons
Demoralization: Future lay-
off of superfluous labors
may demoralize other
workers
Training Unskilled Workers
Pros Cons
Sustainability: can meet the 1. Cost : management and
demand if the demand supervision resources
continues to increase
2. Subsequent results:
layoff these new workers
may demoralize the
remaining workface and
cost the company in added
unemployment insurance.
3. Time: training unskilled
workers to skilled position
takes four weeks