Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Our goal for this project is to assist Extendra in achieving sustainable development and preserve their competitive edge in the market. The company currently sources
Our goal for this project is to assist Extendra in achieving sustainable development and preserve their competitive edge in the market. The company currently sources their innovative chips from a local manufacturer, which is insufficient to support their rapid development. This brings challenges by making a bottleneck, a possibility of missed opportunities and dissatisfied customers because of supply not keeping up with the demand. This can also limit access to a larger pool of talent, resources, and potential customers. In addition, this dependence carries risks like production delays, quality issues and price changes. For example, if the regional manufacturer chooses to increase cost, Extendras operations and likelihood may be impacted. Despite paying the increased cost, there may still be a delay, affecting operations and probability. Longterm success requires reaching out to a larger pool of talent, obtaining necessary supplies from a variety of sources, and investigating new markets outside of their current area.
Restricted reach will limit Extrandras growth prospects, access to new customers and market segments. Extendra wont be able to generate the desired market share due to limited production capacity. It may not be able to fulfill the demand curve and will end up in stock outs with a loss in sales and a high degree of customer dissatisfaction. If external factors cause a delay in production materials, it could lead to a completely disrupted production schedule and, therefore, result in loss of revenues, as varied deliveries will have to be calibrated to the revised schedule. At the same time, technology is evolving and there is a need for continuous innovation and adaptation to changing market dynamics to stay up to date.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started