To stay competitive, improvement activities or strategies with detailed implementation is needed for Honda. There is some activities or strategies that Honda could implement:-
Outsourcing
Outsourcing is contracted and delegated one or more processes to achieve greater efficiency in carrying out the mission. Outsourcing produces multiple benefits, the most important being the following: reduced costs, reorganizing the staff structure, increase the level of working capital, improve the quality of products and services and reducing the level of business risk. It also eliminates some conflicts with the workers and decreasing some wasteful activities such as payroll processing.
Outsourcing can makes management team to devote its attention to refining …show more content…
Although Honda have many hot sale product in the market, but Honda’s product line still not many as competitors. That is the reason of Honda still not get the competitive advantage so far. Honda need to invest more on Research & Development to have more new product in future to reach organizational goal, which is maximize the market share.
Inventory Management
Inventory management is the process that overseeing and controlling of the ordering, storage and use of components that a company uses in the production of the items. Inventory management also the practice of overseeing and controlling of quantities of finished products for sale. A business's inventory is one of its major assets.
Inventory Management provides some benefit. Good inventory management helps you figure out exactly how much inventory you need. This prevent product shortages and keep just enough inventory on hand without having too much inventory in the warehouse.
Company should set the position of warehouse closer to the show house. So, the products can delivery as fast as possible. This also save the cost of delivery process and improve satisfaction of
Outsourcing
Outsourcing is contracted and delegated one or more processes to achieve greater efficiency in carrying out the mission. Outsourcing produces multiple benefits, the most important being the following: reduced costs, reorganizing the staff structure, increase the level of working capital, improve the quality of products and services and reducing the level of business risk. It also eliminates some conflicts with the workers and decreasing some wasteful activities such as payroll processing.
Outsourcing can makes management team to devote its attention to refining …show more content…
Although Honda have many hot sale product in the market, but Honda’s product line still not many as competitors. That is the reason of Honda still not get the competitive advantage so far. Honda need to invest more on Research & Development to have more new product in future to reach organizational goal, which is maximize the market share.
Inventory Management
Inventory management is the process that overseeing and controlling of the ordering, storage and use of components that a company uses in the production of the items. Inventory management also the practice of overseeing and controlling of quantities of finished products for sale. A business's inventory is one of its major assets.
Inventory Management provides some benefit. Good inventory management helps you figure out exactly how much inventory you need. This prevent product shortages and keep just enough inventory on hand without having too much inventory in the warehouse.
Company should set the position of warehouse closer to the show house. So, the products can delivery as fast as possible. This also save the cost of delivery process and improve satisfaction of