Sample Essay
The following studies the case of the company Excel Limited which is a manufacturing concern producing plastic storage bins. The plastic bins are basically used by the consumers in the market as common household items for storing various small and medium sized products. The size of the products manufactured by the company is standard at 15 by 20 centimeters. However the customers can send their orders to the company for a customized lot of storage bins which are then manufactured according to the precise specifications of the customers. Additionally shelving based storage bins are also manufactured by the company which have additional compartments and walls built into the boxes.
The standard containers that are manufactured by the company are distributed to the customers in the market through the channel pertaining to departmental stores. The company is currently facing increased pressure in the market to introduce products which are innovative and have better quality. Moreover the competition in the market is based on price and is highly saturated. As a result there is distinct pressure on the company to reduce the price for their products. This requires that the company will need to make its operations more cost efficient. In order to do this the paper examines the role of the financial planning and the financial control system of the country and proposes the best practices which can be used by the company to reduce the cost of its operations, making them cost efficient and competitive in the storage bins market.
These are model essays please place an order for custom essays, research papers, term papers, thesis, dissertation, case studies and book reports.
