Nipissing Bank
Problems within Firm
- Wanting to expand
- Current machine needs manual labor to make finished product
- Increase amount of advertisements from 4/6 to 6/8
- length of advertisements may increase to 10+ pages
Conclusion
Background
Action Plan
- approximately 25 percent of the packets would exceed the machines capacity of 10 pages
- Option 2 is in the banks best interest to meet the new capacity
- Canadian Bank est. in Ottawa, Ontario 1986
- Over 500,000 personal, commercial, and corporate customers.
- 25 branch banks
- 2.9 trillion in assets, 70% of total Canadian assets in financial service sector
- Implement Option 2
- Replace sorter with upgradable 16 hopper unit
- Decreases mailing packing time in half
- Expensive
- Spread out the cost
Analysis of Options
- Option 1 (upgrading existing machine)
- Option 2 (New machine)
- Option 3 (outsourcing)
Ethic & Sustainability Issues
- Outsourcing to third party jeopardizes clients financial security