The Preston Firm - Edited

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 8

THE PRESTON FIRM

Executive summary

The main goal of this report is to analyze Preston's firm based on the four questions that were
highlighted. This question would help us give an information about the firm regarding some of the
most significant events in the story. The other is on how the firm processes were brought under
control and the resulting benefits. Among the help the report would show some of them that would
be categorized as strategic. However, the company turning point started after the appointment of
Tom Branton as the new managing director not only by the events that revolved around vipers
project and the decision by Rendell’s to purchase the Preston firm. A recommendation to the firm is
that for a company to achieve its goal and run successfully it should quality is adhered to all stages of
its production process.
Table of content

content
Title page
Executive summary
Introduction
Discussion
Adoption by the firm to quality-based processes
InControl of the process
Benefits of gaining control of the process
SPC as an operational level technique
Conclusion
Recommendation
References
introduction

The Preston firm as many companies in the globe, have been facing a lot of challenges in there on
there processes to ensure that the firm is stable. For instance, the Preston firm faced the challenge
on paper curling due to low humid environment. This was a minor problem the main problem that it
faced was based on the company management sector. so the firm had to up their game and go a
step further but adopting new strategies that could ensure that their production would be of both
high quality and quantity in this report I required to give an analysis on the following issues that had
an impact to the firm which include; adoption of the firm to quality-based principles ,impact of the
firm gaining control of the process and the SPC as an operation technique which helped the firm get
back to its feet once more.

Adoption by the firm to quality-based principles

The cased study of Preston firm has clearly the company had been having had times regarding the
quality of their product. Issues were being were being noted but response was not a in their concern
until the received a plant feedback from (HP) which was among it loyal customers. After which they
decided on how to improve the coating formula. However even after coming up with this strategy,
the plant continued to experience low productivity.

The most significant event in the story about Preston firm is when the Rendall decided to buy the
plant. Despite of the firm constantly operating on loss that was approximately 2million per year. The
fact that the Rendall was not impressed by the situation of the plant at that moment but more
concerned about the contract from Hewlett Packard on viper project, which were the most
significant event that occurred in the story.

In control of the process

In order to achieve on bringing the firm under control, the team had to work tirelessly and come up
with strategies which in return helped bring the fire under control. This included regularly
monitoring of the of the control charts, ensure that in every month there is one day that they would
meet and debate on the control charts and have meetings with the HP in order to gain a better way
to control a situation(Irawanto 2015).

By elimination of the issue on efficiency is one of the main factors that helped the firm to stop
acquiring huge losses in the firm and this was gained through having regular meetings with its
business partners and staffs. at long last, the company was able to improve much on their
knowledge to manage the firm(Pautler 2013).
Benefits Gaining Control OF the process

Some of the measure that were used in order to control the firm processes had some positive
impact to the firm. the firm was able to reduce its production cost, tighten its bond with the
suppliers, retain its staff and incorporated new products in the system (Berg 2010). This achievement
was brought about by the company y new ability to acquire, process and share information which
had been made faster and more efficient. The company management became efficient as they were
allowed to retain the expertise in the organization.

There was an improved relationship between the company and the supplier this allowed the
company to connect with all people well with its staff and the people outside the organization this
helped the company was about to secure long and short-term strategies which would help run the
company swiftly(Misztal 2010).

The other benefit that the company acquired is that by bringing the company under control helped
the company in making informed decisions and have the ability to cut the production cost and
introduce new products in the market.

SPC as an operational level technique

This is a tool that is used by manufacturing firms to control and measure the quality of the products
being produced in that firm (Halim.,et al 2017). By implementing the SPC, the company was able to
necessitate some important strategies which included; the ability of the company to improve its
reputation and thus was able to attract more employees and feel that they r part of the organization
(Gylling., et al2015). The firm was also to drive out threat ensure a conducive environment and
empower its employees (Raziq., et al 2015). The strategic benefits that the firm acquired were being
able to deliver at the required time, responding to customer demands efficiently and having a better
knowledge and understanding of their inventory levels (Madanhire 2016).

Conclusion

The goal of every firm is to ensure that it meets it target margin and last for long, thus through the
case of the Preston firm in order to acquire this the company had to come up with strategic
measures that would enable them to achieve their goal such as implementing the SPC that would
enable them have total control of the firm processes.
Recommendation

Preston firm as a company with goals it ensure that it should come up with long term strategies
that will enable it stay in the market ,such as broadening the market portfolio for products ,proper
advertisement of the product in order to acquired more customers .the company sure ensure proper
training is done to the staffs so as to maximize the chances of them recognizing and working on
problems that might emerge in the firm processes.
References

Berg, G., & Pantelidis, L. C. J. (2006). Business case for a regional production centre for
Vancouver Coastal Health Authority and Providence Health Care pharmacy divisions
(Doctoral dissertation, Faculty of Business Administration-Simon Fraser University).
Gylling, M., Heikkilä, J., Jussila, K., & Saarinen, M. (2015). Making decisions on offshore
outsourcing and backshoring: A case study in the bicycle industry. International Journal of
Production Economics, 162, 92-100.
Halim Lim, S. A., Antony, J., Arshed, N., & Albliwi, S. (2017). A systematic review of
statistical process control implementation in the food manufacturing industry. Total Quality
Management & Business Excellence, 28(1-2), 176-189.
Irawanto, D. W. (2015). Employee participation in decision-making: Evidence from a state-
owned enterprise in Indonesia. Management-Journal of Contemporary Management Issues,
20(1), 159-172.
Madanhire, I., & Mbohwa, C. (2016). Application of statistical process control (SPC) in
manufacturing industry in a developing country. Procedia Corp, 40, 580-583.
Misztal, A. (2010). Eight quality management principles-practical context, w: Some problems
and methods of ergonomics and quality management, red. A. Borucki. L. Pacholski, ss, 125-
136.
Pautler, P. A. (2013). The effects of mergers and post-merger integration: A review of
business consulting literature. Bureau of Economics, Federal Trade Commission.
Raziq, A., & Maulabakhsh, R. (2015). Impact of working environment on job satisfaction.
Procedia Economics and Finance, 23, 717-725.

You might also like