SWOT Analysis

Using a SWOT Analysis, internal factors and external factors that affect the company are plotted out to create a strategy in solving Remcor’s main problem.

STRENGTHS •    The company has a long-term supplier relationship •    The company has the capability to develop tool and die molds for product development •    End to end producer of finished products (from raw materials into finished goods) •    Lower cost of production for finished goods •    The company has good communication channels or low barriers to communication when expanding customer base

 WEAKNESSES •    The company has no stringent of FG quality control in place (e.g. welding quality, pipe bending quality) •    OTIF deliveries •    Long product development lead time

 OPPORTUNITIES •    Opportunity to earn unrealized revenue of Php 573,000 monthly by improving quality of service •    Existing customers with high demands, giving the opportunity of high sales volume for management and operations to meet •    Readily available new technologies on machines, equipment and development software to assist current production capacity •    An increasing number of new car models requiring products sold by the company to markets such as the United States, Europe, and Australia

 THREATS •    Entry of new, more efficient manufacturers with better quality performance (such as the ones in Taiwan) •    Lower pricing on goods (especially ones from China) from competitors overseas