Replacements, Ltd.:Replacing The Irreplaceable
View Paper
ESSAY DETAILS
Words: 524
Pages: 2
(approximately 235 words/page)
Pages: 2
(approximately 235 words/page)
Essay Database > Recreation & Sports > Health & Beauty
Bob Page worked as an auditor and hated it. As a hobby, he started visiting flea markets and collecting china. Friends asked him to look for replacement pieces for them. By 1980, Bob had revenues of $53,000 from his hobby and decided to quit his job to start Replacements, Ltd. By 1997, Bob's hobby had grown into a business with almost $60 million in revenue and 500 employees. Bob was proud that he had been successful without a business plan,
showed first 75 words of 524 total
Sign up for EssayTask and enjoy a huge collection of student essays, term papers and research papers. Improve your grade with our unique database!
showed first 75 words of 524 total
showed last 75 words of 524 total
market - Outsourcing certain functional areas of the business Threats: - Entrance of similar businesses especially from foreign countries - Consumer trends change and collections of china, crystal etc become less important to future generations - Loss of customers due to lower inventory on hand - High turnover rates Recommended actions to improve performance - Reduce inventory - Implement real-time inventory purchasing procedures - Continue superior customer service and satisfaction - International warehouses and showrooms
market - Outsourcing certain functional areas of the business Threats: - Entrance of similar businesses especially from foreign countries - Consumer trends change and collections of china, crystal etc become less important to future generations - Loss of customers due to lower inventory on hand - High turnover rates Recommended actions to improve performance - Reduce inventory - Implement real-time inventory purchasing procedures - Continue superior customer service and satisfaction - International warehouses and showrooms