Into account the growth rates for each market segment

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into account the growth rates for each market segment, we were not taking into account other teams’ products and strategies. This lead to stock outs in one round, and lots of extra inventory in another. Our team hopes to improve on our forecasting in the competition rounds to minimize inventory and avoid stock outs. Other lessons our team learned were that we need to take out long term debt to avoid taking out emergency loans with high interest rates. Our team tried to rely solely on cash at hand, but when our plants were manufacturing our products, material and labor costs forced us to take out emergency loans. In the competition rounds we will benefit from taking out long term debt with
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lower interest rates to fund our operations. Lastly, our team needs to work on increasing our contribution margin for each product. While our sales were high, the contribution margin per product was less than 30%. If we can lower labor and material costs, then we can earn higher profit per product. While our team learned many things we can improve upon, we also learned that our organization or generalist managers was the right way to proceed. Every team member contributed valuable opinions and insight to each facet of the business. The practice rounds validated the strength in our vision, strategy, and organization, and we look forward to continue doing business. A more
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