Preview

Fedex Management Function Controlling

Good Essays
Open Document
Open Document
647 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Fedex Management Function Controlling
Controlling is one of the four management functions, which monitor performance, within the organization, for the purpose of making adjustments and needed changes.
In a recent decision FedEx canceled their order for ten global air freighters from Airbus. The huge A380 super jumbo airplanes were originally scheduled for delivery in 2008 but Airbus delayed the date to year 2009 and then to 2010. Frederick Smith, chairman and chief executive of FedEx, cited Airbus's recent decision to delay delivery of the super jumbo amid production bottlenecks as the reason for shifting its order to Boeing." Global demand for air cargo and express services continues to grow rapidly, and FedEx has made significant investments in our network to meet customers' needs and fulfill our business objectives," he said. "Therefore, it was necessary and prudent for us to acquire the Boeing 777 Freighter" (Feliz, 2006).
FedEx is changing the way it uses technology when they launched tracking and tracing when the Internet came along. FedEx had the first web site where you could go and track your package along the route to the final destination. Fred Smith, FedEx Chairman, said, "the information about a package is as important as the package itself." Many years from that time FedEx is looking to making vigorous changes with their customers in terms of supply chains and managing information across supply chains. It is about making sure that FedEx's customers have the information about their packages or shipments throughout the entire process as fast as possible. Technology innovations have enabled people to do business with FedEx 24 hours a day, from virtually anywhere in the world. Such innovative services as shipping packages on-line with FedEx Ship Manager at fedex.com to over 170 countries, obtaining service information to quickly and easily determine which FedEx service best suits the shipping requirements, and making on-line completion of export shipping forms even easier with FedEx

You May Also Find These Documents Helpful

  • Good Essays

    The controlling function involves monitoring the firm’s performance to make sure that goals are being, met. Managers need to pay attention to costs versus performance of the organization.…

    • 321 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    4. Controlling-The last stage in the four management functions involves the monitoring of the firm’s performance in order to guarantee that the company’s goals are being met. Managers also need to become aware of their costs versus the performance of the organization as a whole.-For instance, if a financial institution has a goal of increasing their loan portfolio by 10% over the next 2-3 months, the managers in each branch will need to monitor the progress toward their…

    • 340 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Control function is an assessment of performance against the standards and correction of discrepancy if any to ensure accomplishment of organizational goals. The purpose of controlling is to ensure that all the processes/operations materialize in compliance to the standards. The controlling function of management has a negative connotation when employees feel that they are being micro managed which doesn’t allow them to display their potentials and thus do not feel part of a team. With the rapid growth of technologies, organizations are becoming more complex.…

    • 543 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    FedEx has one main key activity and that is to deliver goods around the world. FedEx express is an overnight courier, providing next day air service. FedEx Ground provides a door-to-door delivery service. FedEx Freight provides a service which carries large amounts of freight to destinations where it is then transported by FedEx Ground. FedEx Office provides a retail outlet for shipping, printing, copying and binding services. During an average day various departments within FedEx Corp work together to ensure a excellent service is delivered to customers. The marketing department works very hard to ensure people know about them. They especially target small businesses that are in need of professional connections at far off places.…

    • 1014 Words
    • 5 Pages
    Satisfactory Essays
  • Better Essays

    FedEx is known for their very strategic advantages, their techniques that are highly unmatched and competitive. FedEx’s functional level strategies include customer service, efficiency and productivity. These are their main strategies that must be met at all times. FedEx directs their focus primarily on their business to customer deliveries. They are able to target an online retailer which is the way most people currently shop. FedEx does not have communication barriers and very innovative ideas. FedEx has many competitors, but has surpassed their competition by using those innovative ideas and providing many services to fit the customers need. They were the first company to use electronic means for their orders. FedEx goals are to increase their net income and revenues. They are known to differentiate their services products from others.…

    • 1386 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Fedex

    • 2233 Words
    • 9 Pages

    FedEx Corp., founded by Frederick W. Smith, began operations in April 1973 and was incorporated on October 2, 1997. FedEx Corp. is a publicly traded company on the New York Stock Exchange and headquartered in Memphis, TN. Fedex Corporation was formed in January 1998 with the acquisition of Caliber System Inc. The company reports in four major business segments. FedEx Express provides time-certain delivery within one to three business days serving markets that comprise more than 90 percent of the world 's gross domestic product. FedEx Ground provides low-cost, day-certain service to every business address in the United States, Canada and Puerto Rico and nearly 100 percent of U.S. residences through FedEx Home Delivery. It also includes FedEx SmartPost, Inc. FedEx Freight provides less-than-truckload freight services through FedEx Freight and FedEx National LTL. The FedEx Freight segment also includes FedEx Custom Critical, Inc., North America 's largest time-specific, critical shipment carrier, and Caribbean Transportation Services, Inc., a leading provider of airfreight forwarding services between the United States and Puerto Rico. FedEx Services provides sales, customer service, and information technology support through FedEx Customer Information Services, Inc., primarily for the benefit of FedEx Express and FedEx Ground. The FedEx Services segment also includes FedEx Office and Print Services, Inc., formerly known as FedEx Kinko 's, and FedEx Global Supply Chain Services, Inc., which offers a range of supply chain solutions. In 2007, FedEx Corporation acquired ANC Holdings Ltd. (now rebranded as FedEx UK), Prakash Air Freight Pvt. Ltd. and Tianjin Datian W. Group Co., Ltd. 's 50 percent share of the FedEx-DTW International Priority joint venture and assets relating to DTW Group 's domestic network in China.…

    • 2233 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Both FedEx and UPS have met their match in the logistics industry. FedEx gives a more liberal way of business by giving the drivers a small business set up, and UPS is looking to stay a few steps ahead of the game with trends like being environmental friendly, saving natural resources, cutting costs, and using technology to make logistics run more efficiently. Combined parcel carriers like FedEx and UPS are growing vigorously because of solid matrix models and the need of their existence. It is imperative in the scope of businesses that its components are solid, smooth sailing, and always one step ahead of the…

    • 1057 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    The purpose of this paper is review the current market trends and conditions for FedEx. There are numerous ways that a company can become a success or become a failure. The market trends and conditions are just of those reasons. Team A has analyzed the market trends and conditions by reviewing FedEx's operating structure, competitors, the impact of government regulations, price elasticity of demand, along with a supply and demand analysis.…

    • 4943 Words
    • 19 Pages
    Powerful Essays
  • Better Essays

    Enabling Factors supporting this statement were clear in FedEx heavy investments in IT solutions as it presented COSMOS and Powership 3 for better package control resulting in an improved quality. In addition to that, FedEx…

    • 974 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Fedex vs. Ups

    • 2478 Words
    • 10 Pages

    Technological innovations such as COSMOS (Customer, Operations, Service, and Master On-line System) enabled FedEx to achieve important advances in customer ordering, package tracking, and process monitoring.…

    • 2478 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Fed Ex Case Study

    • 2333 Words
    • 10 Pages

    FedEx has been around for many years. They were the first business in America to profit $1 billion in less than ten years. That predicted the future for their business because FedEx is now the number one provider of shipping and information services worldwide. Although, with all the success in the company lately they have been experiencing a downfall. They are having a problem because people are more likely to wait a longer time for their goods, rather than express delivery. They have been trying to keep the business on top so they continue making a good profit. The struggle for FedEx continues and here are the basics of the FedEx Company, along with benefits and suggestions to get away from this…

    • 2333 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Controlling is verifying whether everything occurs according to plans adopted, instruction issued and priciples established. Controlling is to ensure there is effective and efficient utilization of organizational resources to achieve the planned goals. Controlling measures the deviation of actual performance from the standard performance, discover the causes of such deviations and taking necessary corrective actions.…

    • 415 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    UPS vs. FedEx

    • 1698 Words
    • 5 Pages

    Every generation expects easier access to more of what the world has to offer and that is more products and services, more information and ideas, more people and places. FedEx helped create that expectation. In addition, we deliver on it millions of times a day, providing the access to transform possibilities into reality. While our early days are legendary, today's FedEx has grown up into a $29-billion network of companies, offering just the right mix of transportation, information, document management, and supply chain solutions.…

    • 1698 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    The controlling function of management contributes to achieving organizational objectives by pushing your employees to getting their work done before the required dead line. In other words…

    • 351 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Case 1 Rendell

    • 1099 Words
    • 4 Pages

    Management control involves managers taking steps to help ensure that the employees do what is best for the organization. This is an important function because it is people in the organization who make things happen. Management controls are necessary to…

    • 1099 Words
    • 4 Pages
    Better Essays