RECOMMENDATIONSName of StudentInstitutional AffiliationRecommendationsIntroduction Precious Steel Fabricators (PSF) has made notable steps towardsachieving its organizational goals. Nonetheless, its sales hasreduced sharply since 2001. One of the major recommendationsinclude consideration of the industrial tube laser irrespectiveits expensive cost. Other recommendations that it may need toconsider to improve its sales in future include: Creating a positive reputation by minimizing layoffs. That is, thecompany should retain workers with the necessary experienceand lay off only when necessary. Find ways to minimize cost without interfering with profitmaximization. The use of the tube laser would help in reducingthe number of machines. In turn, the tooling cost would reducefrom about $20,000 to $30,000.Cont: Recommendations Weighing between purchasing, hiring, or repairingmachines, and implementing the decision that maximize profitswithout affecting price of items. Purchasing the tube laser is one ofthe recommendable ideas. Conducting a market research subject to customer satisfaction. Purchasing durable products to minimize recurring cost ...
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