Johnson & Johnson Company
Johnson & Johnson (NYSE: JNJ) is a consumer products conglomerate. The company was founded in 1886 to manufacture sterile sutures, dressings and bandages to the health care industry. Since then, they have expanded to become a more consumer-focused company. Pharmaceuticals and other medical products were added in the Depression and WWII years. The company has had a long history of international operation, beginning with expansion into Canada in 1919. They are currently headquartered in New Brunswick, New Jersey, where they were founded.They manufacture and market three primary categories of goods: consumer health care, medical devices and diagnostics, and pharmaceuticals. The company's brands include Johnson & Johnson, Band Aid, Neutrogena, Splenda, Visine, Listerine and Tylenol. Listerine represents an interesting component since it was a speech by Joseph Lister that inspired Robert Wood Johnson to start his company. The firm is international in scope, operating in 57 countries worldwide and selling in 175 countries. The consumer products businesses and the contact lens business in Medical Devices are marketed to the mass consumer market, as are the products of the pharmaceuticals business. Most medical devices and di
They can, however, improve their receivables turn. Under these sorts of systems, products are created to order at Johnson & Johnson facilities. Johnson & Johnson has a strong accounts receivable turnover at present. In many cases, Johnson & Johnson has the dominant brand in the marketplace. Johnson & Johnson's size gives them sufficient leverage over their suppliers to make this work. Inventory turnover can be reduced through a move towards pull-production or just-in-time production. They sell their products to retailers and to health care facilities. Johnson & Johnson's organizational structure is a matrix, with some 250 different companies. All told, Johnson & Johnson recorded profits of $10 billion in 2007 on revenues of $61 billion, making it one of the largest companies in the US. This gives Johnson & Johnson some leverage over stores that carry their products. agnostic tools are marketed to the health care industry. For example, their inventory turn is 3. One is that Johnson & Johnson is consistently profitable. They have high gross margins (averaging 71.
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