AB „SNAIGĖ“ - NASDAQ OMX Baltic
AB „SNAIGĖ“ - NASDAQ OMX Baltic
AB „SNAIGĖ“ - NASDAQ OMX Baltic
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Consolidated annual report for year 2008<br />
2.9.14 The strategy of the activities and the prospective changes thereof during next financial (economical)<br />
year<br />
• To increase Company‘s profitability while concentrating trade export flows in the most profitable<br />
markets<br />
• To decrease the costs of goods sold for the products manufactured:<br />
o while forming agreements with alternative materials, parts suppliers offering lower price for<br />
their production;<br />
o while improving manufacturing technology;<br />
o while optimizing number of assortment units;<br />
o while decreasing spoilage rate;<br />
o while more effectively using secondary materials;<br />
o while rejecting non-economic technological processes;<br />
o while unifying construction, design and realization of the products.<br />
• To increase efficiency of manufacturing while establishing efficiency programs and motivational<br />
employee encouragement programs, improving manufacturing planning.<br />
• To optimize operational costs.<br />
2.9.15 The strategy of the activities and the prospective changes thereof during next financial (economical)<br />
year<br />
� To restructure company’s organizational and business structure adapting it to the economic downturn<br />
and reduced demand:<br />
o Optimize production by leaving one production shift;<br />
o To reduce unnecessary functions and positions;<br />
o To decrease administration size;<br />
� Focus company’s sales to secure and profitable markets.<br />
� To ensure company\s stock (both finished products and raw materials) more rapid turnaround.<br />
� To continue cost optimization policies.<br />
o In dealing with alternative and raw materials suppliers, offering more favourable prices for<br />
their production;<br />
o More efficiently using secondary raw materials<br />
Prepared by U<strong>AB</strong> FMĮ „Orion Securities“ p. 36