Background:
(Executive summary):
Tim Horton's one of North America's largest coffee and fresh baked goods chains. Today, Tim Horton's has more than 2,200 stores across Canada and a steadily growing base of 160 locations in key markets within the United States. Our project is focus on the Inventory management of Tim Horton's which located in Bay Shore, 2970 Carling Ave. Inventory Management is the practice of planning, directing and controlling inventory so that it contributes to the business' profitability. Inventory management can help business be more profitable by lowering their cost of goods sold and/or by increasing sales.
Tim Horton's franchise restaurants deal with three suppliers. The first supplier is the Main Company. It
…show more content…
Method
Interview with Mister Abuqasem, Owner of Tim Horton's branch that is located in Bay Shore, 2970 Carling Ave, Ottawa "
Mr. Abuqasem is owner of fore brunches of Tim Horton's. He has extensive experience in Operation Management, and new business development. Abuqasem has had a longstanding association with Tim Horton. He first worked for the company from 1985-1990 as Vice President of Tim Horton's. He was responsible for establishing the sales, marketing and distribution services of Tim Horton 's products in the Canada.
The logic behind this Method (interview)
The main goal of this Interview is to examine and observe real-life project in industry and gather information/data from experienced perspectives as well as gain a realistic understanding of business operation and Inventory management at Tim Horton's. By having face-to-face communication with the owner, we were able to carry out our analysis and observations effectively because the owner was available to answer questions and also provide further insight about his firm. Since the owner is the one that knows his company firm best and had all the necessary information and details of operations, he was invaluable in to us we got most of our data/information from him.
Finding:
As student-consultants, we paid regular visit to the Tim Horton's branch (at Baseline/Carling) and we studied the
Hemmadi, Murad . "Blast from the past: A timeline of the Tim Hortons-Wendy's merger." Canadian Business. N.p., 25 Aug. 2014. Web. 1 Oct. 2014. <http://www.canadianbusiness.com/companies-and-industries/tim-hortons-wendys-merger-lessons-burger-king/>.
This paper is intended to explore the work ethic and value of Trader Joe’s as a company and their employees. Hands-on top managers have always been insistent in the company. Now, CEO Dan Bane created the values to reflect on the original traditions of its founder. When reading through the accomplishments of this grocery store, I was pleasantly surprised that they have managed to keep their integrity during their growth. Being a customer at Trader Joe’s myself, I find myself thinking about all the good experiences I have had every time I visited the store. Trader Joe’s has grown from a “mom and pop” grocery to a worldwide chain. Their integrity for selling a good product at a good price with great customer has proven them to be one of the grocery stores to be in high completion with other retailers in their genre. Their focus on giving their customers the options of different goods and the smiling faces of their friendly employees has risen them to a higher level of grocery shopping.
Have you every thought about every food item you consume in a day? Where does it come from and how did it get to your plate? The activities required for food items to be extracted from its source and delivered to your plate must go through a cycle called a value chain. It consists of 2 sections; primary activities and secondary activities. Primary activities involved are inbound logistics, operations, outbound logistics, marketing and sales, and service until it reaches the hands and mouths of the consumer (Porter, 1985). Secondary activities include procurement, human resource management, technological development and infrastructure (Porter, 1985). The value chain requires both primary and secondary activities to work efficiently and effectively to ensure that goods get passed down stream to the market. Businesses invest in value chains as they are designed to enhance the value of the product through “effective coordination of operational and organizational support activities” (Gooch, 2005). This paper aims to define two food items consumed during breakfast and track their value chain from start to finish, focusing on the primary activities. The two food items to be discussed in this paper is Tim Hortons coffee and BC eggs. Tim Hortons value chain aims to illustrate environmental impacts, and BC eggs value chains aims to illustrate economic impacts.
To be successful in today’s business environment, an organization must be able to perform certain fundamentals accurately and efficiently. One of these elements is having an effective and efficient Inventory System Management (ISM). ISM enables one to have the knowledge of where his or her inventory is at every step of the way. This allows one to better interact with consumer and make sales. Choosing the right ISM can lead and pave the ground work for future business success and profitability.
Since Starbucks entered the coffee retail business, the company has made many trade-off business decisions. The first major trade-off was made when Howard Schultz wanted to acquire present day Starbucks from three entrepreneurs Baldwin, Siegel and Bowker. Therefore, Schultz prior to the acquisition made the trade-off to open his own coffee bar in 1986 instead of staying at Starbucks as the manager of retail sales and marketing. A bold feat, Schultz was able to replicate success and was offered to buy Starbucks for $4 million. At the time of the acquisition, many investors, including the former Starbucks owners, would not expect that the American consumer would pay a premium for coffee products. Schultz, after calculating the opportunity cost, was convinced that Starbucks would become a large coffee chain not only in the United States but internationally too. Reflecting this approach, Schultz’s trade-off worked. Starbucks, according to our book has revenue exceeding $13 billion and nearly 200,000 employees. The company has also expanded to 40 countries with 17,000 stores (Hill et al., 2015).
Tim Hortons Café and Bake shop ("Timmies"), has grown from a mere, single coffee shop to an international operating corporation over the last four decades. So what?, one might ask. Timmies has maintained the Canadian family culture founded by the chains original owner, Tim Horton, the once star hockey player. Tragically, Tim Horton was killed in an accident in 1974 but the same family values linger on. During my very recent visit to my local "Timmies" shop had me thinking in a totally different perspective than the prior three decades of me enjoying a breakfast and coffee wake-up call.
This paper is about Trader Joes corporation’s organizational culture and the various challenges that the corporation has faced recently. One of the main problems for Trader Joe’s, is that when it was sold to Aldi groceries (Albrecht family) the stores concept started to become more like a corporate franchise.
The company’s main objective is to introduce ‘; Beyond the bean’’ to the Canadian market in London Ontario on the Richmond road and open up a café for mainly students, to get together and serve as a recreational center. This will be possible through the café and/or by having a variety of board games for the public. The initial approach will be to gain a market share for leveling out the playing field and being a root competitor for similar types of businesses. In the external and internal analysis you will be able to find all the necessary information that will provide you with a generous overview of the company’s
I decided to make field notes on this community because it is known for how long it has been established. According to their website, the St. Lawrence Market has been operating for 208 years [1]. I expected the vendors of this market to be a unique community who would be very passionate about their long-term jobs, and therefore would be willing to talk about their roles in their businesses. Information online and in old newspapers exists for this
Tim Hortons is a substantial organization that spotlights on top quality, constantly crisp items, esteem and extraordinary administration. It has turned into the biggest speedy administration eatery network in Canada gaining practical experience in constantly crisp espresso, heated merchandise and home style snacks. Initially Tim Hortons offered just coffee and doughnuts to its clients yet has incredibly extended today to offer a full lunch menu also alongside numerous more heated products. The greatest fascination in Tim Hortons is still their constantly new espresso, it is likewise offered in a bring home tin so clients can appreciate the considerable taste of Tim Hortons' espresso at home.
1. What has made the Mountain Man Brewing Company successful? What is distinctive about MMBC’s product, customers and brand equity?
In the small community of Walkerton, the Tim Hortons brand keeps guests coming back because of the personal welcome that each guest receives when they walk through the door. No matter who they are, if they are a regular or a stranger passing through, each person will get a smile and quick speed of service. If the customer is a regular, everyone knows their name and order. This makes the customer feel valued and integral in our store. Not only does the friendliness with the customers ensure they come back, but the friendliness and friendship between the team members is of importance as well. When people walk into the Walkerton store, it is clear that we aren't just a group of nameless people working for a large corporation. Each member of the
SUGGESTED QUESTIONS FOR DISCUSSION 1. What are root causes for inventory variance? 2. How to motivate employees after the merger? 3. What management approaches will lead two different supply organizations work well together? Actions: Recommend John to develop systematical educational programs Improve forecasting systems to in turn eliminate inventory variance o Incorporate qualitative and quantitative forecasting techniques o Collaborate planning, forecasting, and replenishment (CPFR) Inventory control o Assign a special staff to update inventory records as soon as possible o Determine order quantities and inventory levels; analyze related costs o Reduce in inventories investment; then lower
A common way of decreasing the amount of inventory a business holds on a daily basis is implementing a just-in-time inventory process. A Just-In-Time inventory system means that the business gets the materials for a product, as they are demanded. “The electronic data
Managing what's in a warehouse or on the shop floor can be extremely complex if you're looking for optimal cost and supply chain management capabilities( Needleman, 2017 ). Inventory estimation and control is directly impacted a company’s profitability.