American Furniture Manufacturers Assn.High Point, NC www.afmahp.org See .org.
(networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations.
AFMA AFMA Australian Fisheries Management Authority
AFMA Australian Financial Markets Association
AFMA American Film Marketing Association (now known simply as AFMA)
AFMA American Furniture Manufacturers Association has 350 regular members and about 400 supplier members
"Business is really very good at the moment and it has been for some time," said Doug Brackett, executive vice president of AFMA.
Residential furniture sales in 1998 have outpaced beginning-of-the-year projections and shipments are now projected to reach $23.8 billion, a 12.2 percent increase over 1997 shipments of $21.2 billion. Earlier this year, AFMA had predicted only 3.7 percent growth in 1998 sales.
Shipments of wood household furniture are expected to rise to $11.21 billion in 1998, a 9.4 percent increase over 1997 sales of $10.2 billion.
After several years of lead Years of Lead may refer to:
"Even if business were lethargic, we have to be closer to putting that product in the consumer's home than has traditionally been the case," Brackett added. "There is no cute cute
adj. cut·er, cut·est
1. Delightfully pretty or dainty.
2. Obviously contrived to charm; precious: "[He] answer to the lament that 'it takes too long to get furniture.'"
To meet the increased demand and reduce lead times, "most of the guys who intend to be in business in the future have invested in technology and are looking to meet consumers' demands better than they do today by producing smaller lots and quicker turn around times in the plant," Brackett said.
"It is impossible for any manufacturer to inventory everything that is made so there will always be some lead-time problems. but the challenge is to convince the consumer that it is worth the wait." Brackett added. "Otherwise we will have to go the way of Henry Ford, who said you can have any color you want as long as it is black.
"At the same time," Brackett added, "we must continue to explore every avenue that deminishes lead times."
AFMA predicts that residential furniture shipments in 1999 will be "awfully strong," Brackett said.
AFMA's quarterly economic forecast, released in October, stated that industry shipments will increase by 2.1 percent in 1999, moving up to a total of approximately $24.3 billion. This projection was revised upward from the $22.8 billion projected at the start of 1998.
Wood furniture shipments are projected to reach $11.4 billion, a 1.8 percent increase over projected 1998 shipments of $11.2 billion.
There are several issues facing the residential furniture industry, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Brackett, including:
* The decline of disposable income disposable income
Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also spent on residential furniture;
* manufacturers finding it difficult to get adequate labor in the manufacturing arena;
* regulatory activity at any number of levels in the environmental area, and;
* the continuing fragmentation (1) Storing data in non-contiguous areas on disk. As files are updated, new data are stored in available free space, which may not be contiguous. Fragmented files cause extra head movement, slowing disk accesses. A defragger program is used to rewrite and reorder all the files. of the distribution channels.
"It used to be that everything went through traditional retail stores and department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. ," Brackett said. "Now there are 100 variations of each of these and now we have the Internet Internet
Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and all of those kind of things"
"I think without question AFMA's biggest accomplishment this past year was the decision to go forward with a blue ribbon committee Noun 1. blue ribbon committee - an independent and exclusive commission of nonpartisan statesmen and experts formed to investigate some important governmental issue
blue ribbon commission to address the declining trend in consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. on furniture." said Brackett. (See sidebar (1) A Windows Vista desktop panel that holds mini applications (gadgets) such as a calendar, calculator, stock ticker and Vonage phone dialer. It is the Windows counterpart to the Dashboard in the Mac. See Windows Vista and gadget. on page 66.)
"Our goal is a follow up on our biggest accomplishment for 1998," Brackett said, referring to the publicity campaign. "We need to formulate formulate /for·mu·late/ (for´mu-lat)
1. to state in the form of a formula.
2. to prepare in accordance with a prescribed or specified method. the message to be delivered to the consumer and to begin to fully implement this program."
RELATED ARTICLE: Five-Year, $5 Million Marketing Campaign
The residential furniture industry has kicked into high gear a five-year, $5 million public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most campaign designed to convince buyers to buy more furniture.
The campaign is the first such effort undertaken, but "something needs to be done to deliver a customer to the retailer ready to buy," said Douglas Brackett, executive vice president of AFMA. "Our research shows that 35 to 40 percent of consumers that enter a furniture store never buy. Our primary objective is to develop a furniture-friendly consumer."
The multi-media campaign, which was announced at the International Woodworking Machinery & Furniture Supply Fair in August, is hoped to change a negative perception of the industry that was recently documented in the Wall Street Journal. The story criticized furniture manufacturers for excessive lead times and accused the industry of not investing enough money in state-of-the-art, production-enhancing technology. The article also criticized furniture retailers for hyping low prices instead of value in their advertisements.
"Based on the Wall Street Journal story, along with some other assorted indications, we believe that a number of consumers have not had an ideal experience in purchasing furniture," said Jaclyn Hirschhaut, vice president of public relations for AFMA. The association recently hired Hirschhaut and retained Ogilvy Public Relations Worldwide to develop the publicity campaign.
A series of focus groups are planned, perhaps as early as next year, in an attempt to "determine what the trigger is for the consumer. What our message needs to be to motivate someone to get up and shop," Hirschhaut said.
"Our initial goal is to determine ways in which we can inspire consumers to want to improve the quality of their surroundings and ultimately prompt them to visit home furnishings furnishings
the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. retailers," Hirschhaut said.
The campaign is expected to target women, according to Hirschhaut. "The female consumer in a household is instrumental in initiating and executing the purchase process," she said.