Marathon Oil

Explain one possible option that Marathon could channelize to reduce the time snarled in the production process. establish on research, Marathon could take to reduce the time involved in the production process by utilizing one character to increase the gasolene manufacture production process would be to pick up the pace during the pipeline transportation. Pipelines are the virtually efficient way to transport a magnitude of native gas, oil and refined oil products. Similarly to shipping by railroad, pipelines have less expensive cost per unit and wonderful space. (Fpolom, 2010). Discuss the relationship between the retail legal injury of gasoline and the wrong of ill-mannered oil. The relationship between the retail worth of gasoline and the price of crude oil coincide with each(prenominal) other because when crude oil prices rise. The gasoline pumps increases to keep up with the cost of demand. However, the price of crude oil decrease, gas price also decline. In other words gas post are competitive when the price of oil fall, one retailer began to reduce their gas price and the others will follow to vie with the other markets (Fpolom, 2010). Explain what Marathon could do to keep the price at the pump the same without losing profits if the price of crude increased 10%.

Marathon cornerstone maintained their up-to-the-minute prices at the pump by researching different markets to purchase materials at a reduce rate. Another way is to retain an seemly amount of inventory for supply and demand. Also take reinforcement of buying in bulks to receive a discount. Marathon can connect with other oil corporation to purchase equal products to receive quantity breaks. Next, Marathon can reduce their run expenses by analyzing their monthly expenses from previous quarters and alleviate extra cost such as luxury corporate offices. Finally, cheer a leader from each department to review their reckon and reduce their accounts payable (Fpolom, 2010). In June 2010, President Obama is... If you want to descend a full essay, order it on our website: Orderessay

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