1. Rapid Racers Presented By: President: Julie Daniels Vice President: Lori Stanghelline Marketing Director: Slava Kulaga Accounting Director: Francis Mavula

2. Goals Company’s goals US Gross Margin of 50% or greater Sales Growth of at least 10% Net Profit Margins of 7% or greater + Increase Net Income

3. Financial Perspective Improve Shareholder Value Increase Sales Revenue Decrease Manufacturing cost of bikes Addition of New Products

4. Improve Shareholder Value - Increase share of the market By 15,91 from 2008 to 2011 - Keep share holders informed

5. Sales Revenue The Financial goal of rapid Racers is to increase our sales growth, Our company decreased sales revenue by 17,77 from 2008 to 2011

6. Increase Gross Margin Gross Margin Gross Margin % Although Gross Margin decreased our Shareholder Value Increased, because we still made a profit

7. Decrease Manufacturing cost of bikes Our company decreased Manufacturing cost of bike by 20.61% from 2008 to 2011

8. Addition of New Products In year 2011 Rapid Racers added 3 new bikes to a production line The new bikes were: kids, youth and road bike

9. Maintain Customers - Awareness

10. Delivery and Availability

11. Internal Process Lowering wastage percentage and Idle time improves the efficiency of a plant.

14. Efficiency Index (efficiency rate of 2011) – 0.60 x100 0.60 = ___% Rapid Racers Efficiency Rate increased/decreased by ___% from 2008 to 2011. Sought to raise efficiency in order to improve quality. YearEfficiency Index 20080.60 20090.63 20100.65 2011 Quality Index (efficiency rate of 2011) – 0.60 x100 0.60 = ___% Rapid Racers Quality Rate increased/decreased by ___% from 2008 to 2011 Sought to raise quality = a direct result from efficiency increase. YearQuality Index 20080.74 20090.80 20100.84 2011

15. Reasons to Increase Quality and Production Efficiency When  quality, also  satisfy customer desires  more purchases When  Efficiency,  idle time  better distribution Insert from Mikes bikes Product Distribution chart & product quality chart