This case study views the CJ Foods, Inc. company headquarters in South Korea. CJ Foods make three types of sauces that they sell in grocery stores located in East Asia. The three types of Korean barbeque sauces are: Original, Pineapple, and Hot &Spicy. These sauces are made by mixing different percentages of five ingredients, and these ingredients include: beef, bean, pineapple, hot pepper, and sugar. For the original sauce the ingredients are twenty-seven percent beef, forty-seven percent bean, eleven percent hot pepper, and fifteen percent sugar. The pineapple sauce consists of ten percent beef, twenty-five percent bean, fifty percent pineapple, ten percent hot pepper, and five percent sugar. The hot and spicy sauce consists of fifteen percent beef, twenty percent bean, forty percent hot pepper, and twenty-five percent sugar. The profit contribution per pound for the original sauce is $1.55, for the pineapple sauce it is $2.10, and for the hot and spicy sauce it is $2.35. The case study is asking the reader to create a linear programming model, that will allow the company to use the available ingredients to maximize profit. The problem was identified by the data, because the cost of ingredients is not included in their profit analysis. The cost of the ingredients varies greatly, because of the commodity market. With this case study, we are trying to find the optimal production for each sauce, is the purchase of additional pounds of each type of ingredients beneficial,
1. How has technology been applied to the food production process? Give/describe at least 3 examples.
Q6: How much production fixed expenses should be allocated to 1 kg of "complete meal"? Give a specific number and your logic to support the
The human body is a complex machine and it requires fuel to run. This “fuel” is known as food and for the body to be efficient, it needs to ingest the good fuel. At a glance, I thought that Food, Inc., would not make such an impact on me since it is an American documentary film. But, since our world is getting smaller, our resources are being transported and exchanged around the globe. So the food consumed in another continent can be found on the dinner tables of a different country.
Smith’s Country Ham has been operating for 25 years in North Carolina in the wholesale food division, targeting restaurants and fast food chains. In order to increase turnover and therefore revenue, Smith’s decides to introduce a new product line: Smith’s Home Food. A product line containing 11 packages sold to households and including all kinds of foods: meat, vegetables, fruits etc. lasting for a period of 4 months. The prices of these packages range from $655 to $1532 ($1000 on average). These packages require a freezer and thus Smith provided the sale of freezers for customers that didn’t own any. Also, it is highly important to mention that Smith gave all its customers the
The Regional Food Manager for Ye Olde FoodKing Company has retained Mark Craig of Blue Steel Consulting to perform a regression analysis to forecast demand of your product. The four characteristics readily available included price, competitors’ price, average income, and market population. The results of each regression analysis are presented at the end of this memo. The remainder of this memo describes the regression analysis used and limitations to the data available. Running a regression provides a statistical procedure to estimate the liner dependency of one or more
Meijer Inc. is considered as one of the largest superstore chains in the United States, and is among the top 30 private companies in the world in terms of revenue. The annual revenue of Meijer has increased to $16.1 billion as per its annual revenue for the fiscal year 2016. Meijer operates 223 stores with more than 68,000 team members that work directly for the company. All the Meijer stores are concentrated into six U.S. states, which include Ohio, Indiana, Illinois, Kentucky, Michigan, and Wisconsin. This averages out to 280 team members per store. It has been assessed that Meijer is facing a lot of operational challenges due to decreased employee efficiency. The increased number of complaints reveals the wastage of resources, wastage of time, and lower productivity of employees. Also, holding large amount of inventory is another problem that is faced by the management of Meijer. Accordingly, four key constraints were identified, which refer to improper training of employees, and lack of empowerment of store managers, poor retailer supplier-collaboration, and rigid working hours of employees. The four lean service techniques recommended to overcome these problems are inclined towards training of employees, empowerment of store managers, enhanced retailer-supplier collaboration, and scheduling flexible working hours of employees, respectively. The cost and additional revenue generated has been calculated to determine the return on investment as well as
Through assessment and analysis, it can be seen that Kudler Fine Foods has proved itself to be a savvy, creative, and up and coming customer oriented business. Kudler Foods articulates its’ business culture through it’s’ employee training programs, employee enhancement, employee cultivation as well as through its’ endless pursuit to provide customer satisfaction.
Whole Foods Market was founded by John Mackey as a healthy, socially responsible lifestyle that customers can identify with (Pearce & Robinson, 2013, p 29-1). The company differentiated itself from competitors by focusing on quality as excellence and innovation that allows them to charge premium price for premium products (Pearce & Robinson, 2013, p 29-1).
1. In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management process-planning, organizing, leading, and controlling?
Food Inc. opens in an American supermarket and draws attention to the unnatural nature of year-round tomatoes and boneless meat. It pulls aside the curtain that is concealing the truth about food from the consumer. After the brief intro, the movie shifts its focus to the topic of fast food and its impact on the meat industries. Fast food virtually started with McDonald’s. When they decided to simplify their menu and hire employees that repeated one task over and over for minimum wage, the result was the fast food phenomenon that swept the United States, and then the world. Today, McDonald’s is the largest purchaser of beef and potatoes in the United States, and is one of the largest purchasers of pork, chicken, tomatoes, and apples. Though
Trader Joe’s has internally created a brand for its company using a different strategy as compared to other supermarkets. Its approach of effective relationship-building program pleases customers through unrivaled customer service. This case study presents many factors that play a part in their customer relations strategy. Trader Joe’s does not focus on advertising. Rather, it focuses on effective internal communications with employees to build strong customer relationships. Trader Joe’s takes a progressive approach to internal communications by allowing their employees to bring their own creativity to the workplace, by providing them with the context in which their role contributes to the business success, and asking for employees
Foods Fantastic Company is a public company which mainly operating regional grocery store in Maryland. This Company relies on application programs, such as bar-code scanner, to entre sales to the system. The FFC majority depends on the computer system to run their business. Based on this situation, the Information General Controls review is necessary for this company as the reason that ITGC is the foundation of every categories of the internal control.
The Johnsonville Sausage Co. (A) case study from Harvard Business School is about Johnsonville Sausage Co, a sausage manufacturer and wholesaler in Johnsonville, Wisconsin. As the company grew over time, the president of Johnsonville Sausage Co., Ralph Stayer, faced many big problems in his organization. After Stayer listened to a lecture about how managers could change their philosophy and style of management from Dr. Lee Thayer, a professor at the University of Wisconsin, Stayer thought about his organization and found out that the problems in his organization were the result of the way he managed his
Not having to answer to a corporate boss is the dream of many and the flexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. One of the fastest and most popular ways to increase the size of a business is to turn it into a franchise, which can then be purchased by individuals. Franchising provides opportunities that are beneficial to both the parent company and the purchaser. The company that owns the business can expand
Golden Valley Foods, Inc. is a 127-year-old company that prepares packages and sells canned and frozen foods which include fruits, vegetables, pickles and condiments. Golden Valley has more than 30 processing plants in operations and annual sales of approximately $650 million. Much of Golden Valley’s management staff comes from their parent company with the previous president saying “The influence of our old parent company is still with us. As long as new products look like they will increase the company’s sales volume, they are introduced. Traditionally, there has been little, if any attention paid to