Drew Giese Kaleigh Van De Loop Josh Heinrich. Simulation Recap  Chester finished in third place in the simulation behind Ferris and Andrews  Cake was.

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Presentation transcript:

Drew Giese Kaleigh Van De Loop Josh Heinrich

Simulation Recap  Chester finished in third place in the simulation behind Ferris and Andrews  Cake was our strongest product  Had problems with stocking out  Took one emergency bailout  Introduced two new products  Our best round was round 8  Had three very good products by round 8  Chester finished the simulation with the highest stock price  R&D one product from high-tech to low-tech

Round 1 Introduced Candy, high-tech product Had the highest ROS (5.8%) Had the highest ROE (17.6%) Had the most profits, cumulative profits, and EBIT

Round 2 Candy came into play Issued dividends at a higher rate Candy had a good customer survey but was not a very good seller in high-tech Second highest cumulative profit (6,337,698)

Round 3 Highest ROS (12.1%) Highest ROA (27.1%) Highest ROE (36.4%) Highest Profits (over 8.8 million) Cake was the top low-tech product Candy was the highest customer surveyed product

Round 4 Introduced Cookie (high-tech) Made first adjustments to staffing Highest cumulative profits (over 24 million) Highest Contribution margin (36.9) Increased capacity for all products

Round 5 Cookie came into play Increase capacity for all products Spent money on TQM for the first time First and only emergency loan (14 million) Cake is top product in low-tech Cookie was highest customer surveyed product in high-tech

Round 6  Cake is top product in low-tech  Increased capacity for all products  Applied more money to TQM  Decision to change Candy to a low-tech product  Highest contribution margin (41%)  Highest closing stock price ($46.72)

Round 7  R&D Candy to become low-tech product  Increased the automation of Candy  Increased capacity for all products  Cake again top product in low-tech  Candy had highest customer survey (33) Cake was second (29)  Cookie has the second highest customer survey in high-tech (37)

Round 8  Chester’s best round  Highest sales ($195,871,813)  Highest profit ($30,323,078)  Highest Closing stock ($74.04)  First round to not stock out  Candy top product followed by Cake in low-tech  Cake highest customer survey followed by Candy  Cookie third best product in high-tech  Applied more money into TQM  Sold a lot of shares of stock  Paid dividends for the first time since round 3

Performance Analysis  Our mission was to be conservative and compete for the win  Followed our mission took some chances  Targeted high-tech but switched to low-tech  Round 5 bailout and Round 6 recovery  Set up for the future, would be fighting for number 1 spot  Spend money in TQM, introduce new product, increase plant utilization

What have we learned?  Take chances  Watch all areas  Create leverage  Target low-tech  Maximize plant utilization

What would we do different  Take more risks  Make more leverage

Team Performance  Our team as a group worked well together  A strength is that we didn’t fight over decisions  One weakness we had was we were all to conservative

Team Atmosphere  Everyone was always on time and at every meeting  Decisions were a team choice  Made the simulation fun so it was less stressful