Respuesta :
Ashmark increased their level of support for Red Star and sent a team of maintenance personnel to the location to keep the foundry operational. Ashmark also provided weekly loans to Red Star to help with financial support.
What is the relationship between Red Star and Ashmark?
For many years, Red Star has offered Ashmark high-quality goods at affordable costs. To better meet the demands of Ashmark, it has developed efficient operational procedures and increased its capacities. Ashmark was able to discontinue its internal finish machining method because Red Star had increased its business to include finishing machining so that it could offer entire components rather than just castings. Additionally, this allowed Ashmark to focus on its higher-valued machining, design, and assembly activities while excluding the rest of its company. In addition, before to Red Star's bankruptcy, Ashmark had purchased a small number of its higher volume items from suppliers in low-cost nations, leaving Red Star with a larger quantity of lower volume products.
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what were the reasons that led ashmark to this situation? what were some of the short-term and long-term issues with the red star / ashmark relationship?
