Marketing Fabtek Essay Example | Topics and Well Written Essays - 750 words

Marketing Fabtek - Essay ExampleIt bought equipment worth 2.4 million dollars from Fabtek coming in third after Pierce-Pike. In addition, they are aspiring to reveal a line of proprietary items leaving Fabtek eyeing the caboodle. Kathco the fourth of Fabteks invests is a metal refinery that manufactures its own titanium electrodes. Having great relations with Fabtek, it solicited some of its business during 1991. Unfortunately, for Fabtek, this was a sole(a) deal and leaves no room for future business with Kathco.Fabteks principle business is fabrication of titanium equipment for industrial corrosion resistant appliances. Fabtek currently has four major(ip) orders, Refco, Pierce-Pike, Worldwide Paper and Kathco. Refco in 1990, purchased products worth 4.5 million dollars and in 1991, 6 million dollars worth of products and an additional 6 million dollars for the Super Whooper. These statistics have been overcome in terms of comparison between the four clients, thus making Refco the most profitable.In terms of long-term deals, Pierce-Pike and Worldwide Paper offer a lot more than in terms of business expansion and long-term profitability. Pierce-Pike is currently dissatisfied with its two major sources and could be looking for a new source, an alley for Fabtek to successfully explore. On the other hand, Worldwide Paper is looking to develop proprietary items a deal that could rake in the profits for Fabtek. 3. What does each order to the long-term development of Fabtek When considering long-term development, Refco certainly qualifies as a profitable client. Unfortunately, despite the monetary benefits, Refco offers little hope to Fabtek. They seem to see Fabtek as a temporary source for fulfilling their needs and do not even hint at long-term expansion. Similarly, the deal with Kathco was a solitary requirement and offers no more than a short-term profitable venture.On the other hand, concentrating on either or both businesses from Pierce-Pike and Worldw ide Paper seems a more profitable deal in terms of longetivity. Both companies have expressed their desires to expand business and could include Fabtek if it displays successfully its capabilities with regards to production and service. 4. Who is the most important customerCurrently, the most important customer seems to point towards Pierce-Pike since it brings in not only larger sums of money in comparison to Kathco but too desires expansion in terms of ever-changing sources that it is currently dissatisfied with. If Fabtek seeks to continue long-term business with Pierce-Pike, it will have to enhance its productivity level and some of its services such as oral communication of products. If Fabtek seeks to look elsewhere, another great opportunity in terms of Worldwide Papers exists. Though the company is bringing in lower revenues, it is more real in terms of its requirements and plans for future business expansion. Not only does it aspire to begin a new production line of pro prietary items but could also allow Fabtek the opportunity to add and develop new capabilities that would ensure the companys survival.5. Evaluate Mr. HoMr. Stanley Ho is currently the President of Fabtek industries. During mid June of 1991, Fabtek was facing unprecedented problems and Mr. Ho conveniently left all decisions to the companys marketing vice-president, Amy Vitali, and Fabrications