FERRIS DEBREIFING

Stephanie Bohm Jessica Burris Eileen Kuchera Christine Wefel Jason Windorski

REVIEW

Continued

PERFORMANCE ANALYSIS

MARKET SEGMENT

Competitors stocked out, allowing us to sell more of our product

CRITICAL ROUNDS

Round 4 Material Cost reduction: 5.86% Labor Cost reduction: 7.22% R&D Cycle time reduction: 30.30% Administrative Cost reduction: 47.54% Demand increase: 7.69%

Round 6 Material Cost reduction: 11.08% Labor Cost reduction: 13.29% R&D Cycle time reduction: 40.01% Administrative Cost reduction: 60.02% Demand increase: 13.78%

WHAT WE HAVE LEARNED

The importance of working as a team rather than working as individuals Everyones input is important whether we disagree or not Researching any decision is a pertinent step in any business decision Every decision made had an effect on other decisions How to analyze various accounting reports (income statement, cash flow, balance sheet)

PROJECTION AND AREA STRENGTHS

Research & Development

Market Share

Production and Profit

Company Andrews Baldwin Chester Digby Rd 1 $2,515 $2,158 $2,225 $2,286 Rd 2 $5,094 $6,219 $826 $2,584 Rd 3 $2,429 $3,951 ($643) $2,022 Rd 4 $5,942 $3,174 ($169) $1,821 Rd 5 $2,512 $6,170 $5,101 $5,890 Rd 6 $6,277 Rd 7 $4,280 Rd 8 Cumulativ e $0 $29,049 $0 $21,603 $0 $29,286 $0 $19,682

$2,329 ($2,398) $4,895 $48 $17,051 $5,031

Erie
Ferris

$3,102
$884

$5,654 ($10,763) ($10,120)

$3,121 $4,700 $3,205

$2,634
$8,986

$3,134
$20,545

$8,148
$15,402

$0

$1,789

$0 $56,843

Finance

What would we do differently?

Greater Contribution Margin Reduce Costs Increase Selling Prices

Strengths

Weaknesses

Team decisions Product met ideal guidelines Specialization Specific meeting times

Individual decisions during practice rounds Investment practices

Team Performance

Team Atmosphere
Specific meeting times Utilization of special expertise from all members Review of reports together

References

All graphs and charts are from Capsim Management Simulations Inc. (2010). Foundation. Retrieved May 2, 2010, from Capsim website: http://www.capsim.com/menuApp/stud entMain.cfm