Case Analysis - Location, Location Location

2866 words, 12 pages

Intro Sample...

This paper discusses a solution to the facility location problem at Tool Works, an automotive tooling company. A major goal in the strategic planning for a manufacturing firm is finding the most suitable facility location. The solution to the facility location problem is critical to the company’s success. A well-conducted decision making process can lead to the implementation of the decision alternatives that allow not only to locate a number of new units in a competitive environment, but also for the formulation of scenarios. Consequently, the decision makers can check the viability of their investment on long-term.

1. Planning a New Production Facility
Facility location decisions are key elements in... View More »

Body Sample...

This strategic planning of the company aims at attaining the highest possible share of the market.

3. Decision Making Issues
Site location matters and it is critical to reach the right decision. However, there are several potential errors in making a decision. It is common sense to say that the decision to locate a facility should not be made in haste. A poor location decision can have much greater and immediate effects on operating efficiency and cash flow. Deciding wisely could mean continued growth for the company. Deciding unwisely could result in irreparable damage.
Such common errors can easily occur when an individual makes exclusively the decision. An individual is at higher risk of deciding in error. He/Her may issue biased decisions or may miss important points. The decision can rest in the hands of one person, such as an authoritarian CEO having complete decision power. The CEO dictates the entire process of decision-making and has the final authority on the outcome. This style has more disadvantages than advantages because the people whose opinions are disregarded might have negative feelings about the entire process, perceiving the decision as autocratic and arbitrary.
In general, groups cannot make decisions in the same rational straightforward manner that an individual can. However, there are many advantages of group decision making. Group decisions benefit from the diversity of the groups experience. Group decisions bring more information, more alternatives, and insights. The group decisions have an increased level of credibility and ...

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