FoldRite Furniture Company of Aurora

FoldRite Furniture Company of Aurora - Nguyen Thi Thanh...

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Nguyen Thi Thanh Xuan FoldRite Furniture Company of Aurora, Colorado: Case summary: - February 2010 - Mattin Kelsey, new production manager, one month experience at FoldRite. - Jose Ramos, VP of Manufacturing at FoldRite. - Demand for FoldRite’s products was unexpectedly high. - Operation management must ensure to optimize the use of manufacturing resources while meeting product quality standards and delivery schedules. - Kelsey is asked by Ramos to develop a production plan for the next six months. FoldRite background: - Growth, then decline: 1987-2006 o Founded in 1987 o Revenue increased from $47.5M in 1999 to $60.3M in 2006, growth rate of 3.5%, above industry average. o 2006: brought financial turmoil: loss of productivity and yields caused by high turnover among factory workers and the increasing proportion of inexperienced workers. +++> reduced margin & increased lead-time - Transformation Begins in Early 2007: o Recruited new CEO – Marshal Epstein o
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This note was uploaded on 07/16/2011 for the course FIN M0110 taught by Professor Kwak during the Spring '11 term at Delaware State.

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FoldRite Furniture Company of Aurora - Nguyen Thi Thanh...

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