Rapid Racers Presented By: President: Julie Daniels Vice President: Lori Stanghelline Marketing Director: Slava Kulaga Accounting Director: Francis Mavula.

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Presentation transcript:

Rapid Racers Presented By: President: Julie Daniels Vice President: Lori Stanghelline Marketing Director: Slava Kulaga Accounting Director: Francis Mavula

Goals Company’s goals US Gross Margin of 50% or greater Sales Growth of at least 10% Net Profit Margins of 7% or greater + Increase Net Income

Financial Perspective Improve Shareholder Value Increase Sales Revenue Decrease Manufacturing cost of bikes Addition of New Products

Improve Shareholder Value - Increase share of the market By 15,91 from 2008 to Keep share holders informed

Sales Revenue The Financial goal of rapid Racers is to increase our sales growth, Our company decreased sales revenue by 17,77 from 2008 to 2011

Increase Gross Margin Gross Margin Gross Margin % Although Gross Margin decreased our Shareholder Value Increased, because we still made a profit

Decrease Manufacturing cost of bikes Our company decreased Manufacturing cost of bike by 20.61% from 2008 to 2011

Addition of New Products In year 2011 Rapid Racers added 3 new bikes to a production line The new bikes were: kids, youth and road bike

Maintain Customers - Awareness

Delivery and Availability

Internal Process Lowering wastage percentage and Idle time improves the efficiency of a plant.

Efficiency Index (efficiency rate of 2011) – 0.60 x = ___% Rapid Racers Efficiency Rate increased/decreased by ___% from 2008 to Sought to raise efficiency in order to improve quality. YearEfficiency Index Quality Index (efficiency rate of 2011) – 0.60 x = ___% Rapid Racers Quality Rate increased/decreased by ___% from 2008 to 2011 Sought to raise quality = a direct result from efficiency increase. YearQuality Index

Reasons to Increase Quality and Production Efficiency When  quality, also  satisfy customer desires  more purchases When  Efficiency,  idle time  better distribution Insert from Mikes bikes Product Distribution chart & product quality chart