Deere and company is an American company in Moline, Illinois. They are the world’s leading manufacturer of Farm and forestry equipment. For the past 10 years Complex parts, Inc. has been a supplier of John Deere. Deere Company’s evaluation team has identified some signs of weakness in complex parts company such as customer satisfaction, cost and Quality plan implementation. The alterative action would be getting another supplier who has good rating in the market instead of having sole supplier like Complex parts. Inc. The recommendations for Deere Company are to improve AEP and constantly monitor the reports and give the feedback immediately.
2. Issues:
Major issue:
The evaluation team discussed Complex Parts' performance over the past year.
There seem to be issues with Complex Parts that fall short in its deliveries. Over the past quarter, records show that their delivery rating was 155,000. Inability to return important phone calls from Complex Parts' customer service and have been noticed to have fallen behind with customer satisfaction.
Complex parts has implemented the plan earlier and improved significantly. Now that they have fallen behind in implementing the Quality plan in the new facility which is started recently. It is a concern to the evaluation team.
Minor issue: Items supplied by complex parts had not met Deere’s cost targets that effectively reducing the projected profits. Also there has been a problem over the past quarter, getting quotes for new parts.
FINANCIAL ANALYSIS OF CATERPILLAR INC. AND JOHN DEERE Prepared for Professor Virginia Gean Prepared by Chih-Jou Chen Xiaoxiao Cheng Shao-Chun Chen Yin-Ru Lee February 13th 2014 Table of Contents I. History for John Deere………………………………………………………….p.2 II. History for Caterpillar Inc.…………………….…………………...…………….p.3 III. Financial risk ratios…………………..……………………………………..…….p.5 IV. Activity ratios………………………………………….....…….….………….….p.8 V. Profitability ratios…………..…………..…………………………
Deere & Company was founded in 1837 by a blacksmith named John Deere who became a manufacturer of agricultural equipment through his invention of a newly designed plow. Although steam tractors were introduced to farms in the 1880s, Deere did not start building their iconic John Deere tractors until they purchased a small tractor company, Waterloo Boy, in 1918 which was long after John Deere’s death in 1886. Deere is deeply rooted in agriculture as evidenced by their manufacturing of farm equipment…
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never imagined succeeding professionally or personally. I did not see myself graduating from high school, let alone Iowa State University. I have since achieved both of these goals. I also did not imagine working for a great company. Working at John Deere Financial has opened many doors for me professionally, and has helped me to develop in my personal life. The many challenges I have faced throughout my life have made me stronger, more compassionate towards others, and, above all, more determined…
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