Location Strategies for Tesla
This is an assignment based on location strategies (CH 8).
Your objective is to select the next location for your business (use your Assignment 1 business, attached). Assume that your business does not exist in the selected states.
Also, assume that I have no idea about your industry and your business.
There are 2 critical analyses in this assignment:
Briefly introduce your business (you can use from your earlier assignment). Remember I don't know the company or the business.
Identify and explain the major factors that affect your business location decisions(also study the Key Success Factors – Fig. 8.1).
Use the Factor Rating Method to evaluate location alternatives. I need you to look at 3 alternative states/cities in your analysis so you can pick the right kinds of factors e.g. State can offer tax incentives while the city has a railroad station. You must use a Table and show all the numbers (as in the chapter).
When you select a city(s) refer to published statistics e.g. demographics, transportation, diversity etc.
Next, using well-researched data, do a Crossover Chart for Locational Cost-Volume Analysis – for the expected volume of output – you could use an expected annual output in units (e.g. number of new savings accounts, mortgages in a bank; new students in a school; customers in a restaurant or retail; new patients etc.
Analyze the lowest costs between all 3 locations and then indicate the crossover point for the highest profit
As always, I need to see a detailed explanation to justify the numbers – Don’t assume that I understand
Detailed analysis is more critical rather than page length.
Check the Assignment Grading Rubric
Rose, K. Retail Location Strategies CCIM Institute.
Teeboom, L. (October 2018) Seven Key Factors to a Facility Location. Chron
Location Strategies for Tesla
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Introduction to the Business
Tesla is an internationally renowned renewable energy and automotive company based in California, USA. In 2003, Tarpenning Marc and Eberhard Martin started Tesla (Gregersen & Schreiber, 2023). Tesla's primary goal of "accelerating the global transition to renewable energy" drives the company forward. The organization's three fundamental values are innovation, sustainability, and excellence. Tesla's major on products such as Model S, Model X, Model Y, and Model 3, and energy solution products like powerwalls and solar panels (Gregersen & Schreiber, 2023). Renowned for its innovative and eco-friendly products, Tesla is committed to hastening the global switch to green energy sources.
Stock Categories and The Vital Role That Inventory Control Plays in Operations
Stock is an essential aspect since it significantly impacts a company's success. In the company's balance sheets, inventory is included in the category of current assets (Thakur & Sharma, 2019). Reasonable control of stocks has a favorable effect on a company's success. The business's efficiency, productivity, and client satisfaction depend on its inventory. The following inventory categories at Tesla and how they affect business operations:
Raw materials: These are the resources that are employed in the manufacturing course to make final merchandise. Motors, batteries, and other parts utilized in the production of Tesla's electric vehicles would be considered raw materials in this context.