business strategy game distribution and warehouse

$50.66 but $50.67 gives you higher profits, go for the higher prices. You will also receive a copy of Currency Made Simple. Over the next five years, G-Brand will pursue strategies that will help it improve its financial bottom line, especially ROE because the company has quite high Equity. Select +2% for the Percent Change in Competitive Impact of All Other Factors from Previous Year. The Business Strategy Game or BSG is a simulation game used by, different colleges for their Business capstone. (meaning I decreases it from $1.00 to $0.15). Im playing the new version of the game, and your guide has worked perfectly for the first two years! Im play a new version of BSG ,we have already completed year 17 and now our team have a problem with struck in the middle stage that cost cant decrease more and this year other company in the industry have a high SQ star and low cost (price war) that we cant fight them because our cost is too high. Learn tips & tricks, from a BSG Grand Master! More capacity also brings down your costs. Yeah I will hold on to that for now. In this section, you can upgrade your plants. Thank you so much for the good recommendations. And then I would just follow my tips and adjust all other values to maximize profits. Also, I am concerned about the prices strategy; the group who is in the first place has the plan of highest S/Q rating (7) with 200 models and lowest prices. Increase S/Q ratings? Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. Our G-Brand Company will continue to pursue its existing High Quality Average Price Large Collection strategy; However, to increase its market share and thereby increase revenue, our company, focus on Net Profit to increase ROE. We will get ROE higher soon, and faster than other competitors. sales volume estimate. Purchasing capacity is 20% cheaper than building new capacity on your own. Working Conditions Improved Ventilation, Lighting, and Safety Continue Involves one-time capital investment of $3.0 million and increased administrative costs of $500k annualy per facility. In the upper right box, you can spend your excessive cash. The two most important values you want to have as precisely estimated as possible are the industrys average wholesale price and S/Q rating. You will soon know why. we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. You are playing the BSG but do not want to read the 35-page Players Manual? This means, you have a channel conflict, meaning that your Retail Outlets number will decrease in the next year and less retailers are willing to sell your shoes. I dont understand why it did this as this capacity was unused and there was upside to having it as my production was max out for the demand. We also ship from AP to EA, AP and some to LA. However, if you need a few points for the image, consider using the Corporate Citizenship but take note of the expenses. I usually go ahead and plug in whole dollar amounts for the wholesale price and see how net profit changes. I suggest to go for maximum profits. Best-Strategy Invitational High-performing companies worldwide face off in a 2-week competition hosted 3 times a year by the BSG author team. Do you have any suggestions? You basically determine and run the market. G-Brand will continue to make all efforts to use good materials which environment friendly. We increase wage, compensation, bonus and keep high training, TQM as we used to doing in the last 8 years. Thanks a lot! First, click on the Adjust Competitive Intensity button that can be found on the top middle of the page. The S/Q upgrade is the best option if you choose high-quality strategies, while setup cost reduction is ideal if you decide to have several models. You need your capacity and it is never a good idea to sell your existing capacity. Please delete one if there is an extra comment. Also, I suggest not decreasing your dividends. Winning your Business Strategy Game is not easy as it involves wide-ranging decisions on various aspects of the companys operations. We get out of Year 17 with bad results in ROE because we expand too fast in that year. Hi You have to base it off the HIGHEST wholesale price, just to be safe Like that, all 4 regions are guaranteed to be 40% above wholesale price. Do this for all four regions. Then we can analyze business results to identify new marketing, production strategy. In next five years, G-Brand will be more competitive with production capacity at the top and also high quality with largest collection. My friend and I walk through the simulation on how it works. In 2020 digital game sales outpaced physical sales for the first time. If so, we need to start building a new factory in LA, eg. Largest network of retailers around the world. However, if done right, it is worth the time as it will yield the maximum profit possible and success in your industry. What is Warehouse Management? Benefits, Processes, & Strategies I have encountered two successful strategies so far: medium-quality shoes (S/Q rating of 5-6 stars) paired with high number of models (250-350 models) and high-quality shoes (S/Q rating of 8-10 stars) paired with low number of models (50 models). I never really watched my EPS or credit rating (ofc credit rating should be a B at least). How can the company overcome tough competitors who seem to know most of the things you know? If Im wrong, Ill post another comment. Hence, make sure to plug in every possible value to reach the highest net profit possible. Plant Capacity - BeatBSG So do you mean although we sell exactly same shoes it does not matter even my rivals price is lower than mine so long as i can maximize my profit? Hello, For further explanation, please read my blog post. We will keep the largest market shares in Internet Sales. According to the change, you can estimate the next years average industry internet price and plug it in. You almost can never have enough capacity because what you dont sell in branded, you can sell in private label and dumb prices there and take away your competitors market share. Its not too bad, no worries. Do not worry about the Plant Capacity / Upgrades page. Also, make decisions about the number of models, then the price. However, it will also decrease your ending cash. Sounds good, congrats! It is usually best to repurchase stock at the beginning, when your stock prices are relatively low. Same for your superior material. Like I explained in my blog post, do everything that is necessary to increase and maximize your net profits. We always provide best S/Q with reasonable price just 15% higher than Industry Average, with Largest collection 500 models and also largest networks of retailers worldwide. Set Models Offered to 50 and Free Shipping to No. The same accounts for your Change in Annual Base Wages and Incentive Pay values. internet-marketing B Company- Year 11 Heip Print save | Chegg.com View full document. However, you must tie your values and settle for the best combination to optimize your net profit. But if i decrease my model, I dont think I will be competitive enough to compete with him if he stays with his strategy, what do you think? Okay! In Year 18, we have increased ROE to 26.3% vs. IE of 15%. View Distribution & Warehouse.pdf from MGMT 5355 at Texas A&M University, Corpus Christi. Do not worry about me skipping the Internet Marketing, Wholesale Marketing, and Celebrity Endorsements pages. This can get confusing at the beginning so here is a table to show you the process. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. The most crucial thing is the find out what prices your competitors have. Moreover, consider the best margin for this market and ensure you can have the contract. ROE indicates how much profit is generated with the investments that shareholders made. It is quite simple. With our strategy, you might want to think about getting Option A as well. While your regional sales volume for the internet segment is a good estimate, the estimates for the wholesale segments are not. Q&A. Otherwise, their endorsement effect declines. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. Hi Yvonne. However, if you experience difficulty winning your game, type Help with My BSG. You will get professional from BSG game help. I am in a box where every move I make to lower cost or shift production lowers my EPS or credit rating. Hi! We were actually thinking on building capacity in LA for next year, however, two of the other teams already built capacity for 6,000 pairs in total (we are only 4 teams in total). Which wholesale are you referring to? Do not sit on it. Hence, keep track of the industrys internet price and how it changes. Go ahead and try out which combination yields the highest profits. Often provided as part of an integrated enterprise resource planning (ERP) suite of business applications, a WMS can support and help to optimize every aspect of warehouse management. Over Year from 15 to 18, ROE changes up and down 22.5, 18.2 then 20.0 then in year 17 down to 16.8 then up to 24.3 in Year 18. It almost worked TOO WELL. However, after 3-4 years, your competitors will settle and changes will be more predictable. We also learn that Loans from previous years may have higher interest rate, we can borrow new loans to pay off old debts, and get higher Credit Rating because we can pay loans. In the Private-Label Production field, use all your remaining available capacity, even overtime. Net Profit must over 110 million every year to keep ROE higher than 25% or more. This means, without increasing your superior material or enhanced styling / features, you gain 1 star. Okay. Warehouse management plays a strategic role in the supply chain by enabling inventory distribution, sorting, or cross-docking processes that strive to meet the growing demand of the market. We even understand the very details such as marketing per pair of shoes, cost of warehouse, administration per pair of shoes, which can contribute to the total cost making the Net Profit higher or lower then decide the Business Results and overall market development. Hence, you will only focus on the two following decisions that are worth their money as they increase your image rating the most. Study on the go. This would leave you with a bunch of shoes unsold. It depends on how much private label you sell and whether you want and can sell more depending on the market, whether its satisfied or not. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. Strategies, decision screens, reports and tests. While you already have a good estimate of how many shoes you are going to sell in each region, you still need to consider your rejected pairs during production. Let us move on to the tricky part of this decision page. One option that you definitely want to purchase is Option C. Option C increases your S/Q rating by 1 star. However, some values, such as the Wholesale Price have decreased instead of increased. This can have a positive impact on energy levels and your overall health. as I described in my post, Id go with the low models, maximum profit strategy as it is easy to follow and you determine the market. But it is definitely worth it. However, if you loose and the share price will go down. You want to setEthics Training / Enforcement to All Employees and Workforce Diversity Program to Yes. Everything else like earnings per share (EPS), return on equity (REO), and image rating (IR) will automatically follow. However, it is not necessary and Option C is definitely more effective. PS: I left a comment, but I did not see it and thus retyped. This way, you will save more money while getting a high S/Q. Once you get the Main Menu for running the company, print a copy of the Year 10 company reports, a summary of the footwear industry report for year 10, and competitive intelligence reports. In the upper left box, you have available sources of additional cash. At the lower half of the page, you also determine how many branded pairs you want to manufacture in each region you have a plant. The private-label sector is something you do not want to miss out on, especially with our high quality, low models strategy. I would recommend purchasing the upgrade for both of your plants within the first four years. In the first year (Year 11), you only have two factories, and you need to distribute to four markets. Start off with the values that you know for sure: For the high quality, low models strategy, I recommend starting off with a S/Q rating of 7 stars and 50 models available. Although we are still ranked 8th in the world and 1st in the. With revised strategy, G-Brand will focus on offering higher quality products, more models, more fashion, to be industry leader in cost for value. If your team faces these kinds of challenges, seeking BSG help online could be the best option. Warehouse and Distribution Plan Strategies But do whatever is necessary to maximize your profits. You should pay attention that your S/Q Rating of Branded Pairs Produced matches your value on the Sales Forecast page. As such, you can play the game frequently, any time you get it interesting. One week they might increase, the other they might increase by just a little or even decrease. In this blog post, I will run you through everything important that you have to know about the BSG and how to win it. We will upgrade new factory in LA to produce top high quality shoes with C options an B for large quantity. This is the case of iPhone or any other high end products are bringing values to customers such as cars and fashions. We will keep going with this rate in next five years with expansion strategy, based on large volume, higher S/Q and reasonable Prices. For this blog post, I will concentrate on the high-quality + low model strategy. Any thoughts? G-Brand has been performing for many years Higher than Investors Expectation. In Y12, I paid early payment 12,000k at 8.5% and continued borrowing 70,000k at 4.5% for 5-year). Whenever you change and sharpen any decisions, you should keep track of your net profits. Business Strategy Game Simulation - bsg-online.com Do not worry about those numbers, they will just show you whether your investment is profitable or not. It typically keeps increasing until a certain price point and then starts to drop. Thank you so much! Thats one of the things you should never do because you can always use capacity. Optimizations are the last task you can do before finalizing each year. With this, they raised the global capacity to 30,000 when the potential global demand (including private label) is only 24,218. Thank you very much for your kind words! No matter the location, our goal is to satisfy our customers foot fashion desires and provide them with the best style and quality in footwear. All you have to do now, is writing down your forecasted Regional Sales Volume for both the Internet Segments and Wholesale Segments in all four regions. Helped me get to the second place! If not, see what positive percentage yields the highest profit for you. With our strategy in mind, I would recommend addition capacity to already existing plants rather than constructing a plant in a new region. If I have cash available after doing all my decisions, I like to alternate between building additional capacity, purchasing plant upgrades, paying off loans and repurchasing stock in the following years. What should I do for year 12 and 13? Sure, you can ask anytime I have extra capacity in the LA plant (worst place to ship from to any place outside of LA) which I tried to sell off. However, when pricing your shoes, keep in mind to set the price at least $5 below the wholesale price average. Exactly. Graduates are expected to possess broad competencies like problem-solving, critical thinking, and cognitive skills when entering the job market. However, my net profit is still negative even after i have adjusted the private-label. Besides, you can lower the cost per pair of shoes. total sales volume estimate into the Branded Pairs to be Manufactured in Year XXslot for North America, write down your reject rate and add it to your previous total N.A. We will keep Expansion of Internet Sales, keep low-cost-strategy with Highest Values that customers can get Online. This game can be overwhelming, so anything to help other players! Sorry for the late reply.. Been starting my new job and working a lot lately. Business Strategy game year 11 Internet Marketing, I need to figure out the appropriate units in the boxes that are in blue for best case scenario Show transcribed image text Expert Answer Transcribed image text: In the last section of the Plant Capacity / Upgrades decision page, you can construct a new plant in either of the two regions where you do not have a plant yet or you can build additional capacity to your N.A. It is best to build only as much capacity as you can afford without taking any loans. We do not leave it in bank or safe. Theres everything explained in detail. We are reaching the last decision round and would like some hints on how to boost net profits for the last year and gain some extra points. Also, we are doing better than in the past so interest rate is lower. 24.51 is low, we can reduce with good factory in AP so increase the margin to much higher. Year 11 BSG Decisions - 11/4/2016 INDUSTRY18 I was thinking about building a LA plant because I took the majority of private label there last year. Business Strategy Game Simulation Just plug in numbers and note down your net profit values. So, should I decrease pay dividends here to $0.15? Business Strategy Game (BSG) Helpful Tips!!! - YouTube Celebrities will enhance your marketing efforts and help you sell more shoes. trying to find the best way to earn some cash for | Chegg.com The most important advice in advance: it is all about PROFIT. I have experienced different behavior with bidding on celebrities. It is important to toggle your values and find the best combination to maximize your net profit.

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