Description
Create a semiannual production plan for your new business idea, product, or service using notional demand and inventory data. This initial production plan is based on your market estimates of what you intend to sell and produce.
The final paper is managing the project to implement your intended new product/service into the marketplace, but you have to create a production plan that is supported by your market forecasts, and that is the purpose of this assignment.
Promt
The plan should replicate the techniques in the text and can be submitted in a basic tabular (spreadsheet) format. It must include the following:
- Estimates of labor hours consumed
- Estimated number of worker requirements considering a standard work week, current inventory levels, receipts of new inventory during each month, and varying demand levels for each month of production
For service businesses that do not include inventory or raw goods for the assembly line, the inventory of the support materials/equipment or consumable materials can be used.
Specifically, the following critical elements must be addressed:
- Create a semiannual production plan using notional demand and inventory.
- Estimate the labor hours consumed.
- Estimate the number of worker requirements considering a standard work week, current inventory levels, receipts of new inventory during each month, and varying demand levels for each month of production.
This short paper should adhere to the following formatting requirements: it is submitted as a Word document, 1 to 2 pages (not including title and reference pages), double-spaced, using 12-point Times New Roman font and one-inch margins. All APA citations should reference the course text and at least two additional resources. 10pagesdiscussion of the life cycle management (Section III) of your business product, service, or other idea from your business plan in the Marketing and Strategy course.
Prompt
In this milestone, consider the sustainability of your idea in the marketplace from initial inventory to subsequent sustainment in the supply chain. Specifically, examine the company’s own inventory as a starting point—that inventory came from a supplier—which is where your supply chain starts. Additionally, your finished product will travel downstream along the supply chain by means of shippers, distribution centers and then finally, to a retailer. These components should be outlined in this paper.
Identify and describe the technologies you intend to use along the company’s supply chain such as RFID tagging and bar coding, e-procurement, and 3PL. Identify and justify your clicks or bricks decision, that is, your rationale for brick-and-mortar locations or internet services or a combination of both. The paper should identify the key data needed to support the functions of inventory management and supply chain management.
You should describe the life cycle of the business idea. Focus your response on the future of the business idea, specifically on its growth and eventual decline. Assess the profit generation and cost-saving opportunities associated with the business idea based on the life cycle you described. Your assessment should be supported with rationale. Determine a phase-out plan for your business idea that ensures a sustainable solution that makes way for future innovation and profit streams. Ensure that you justify the steps in your plan.
Specifically, the following critical elements must be addressed:
- Life Cycle: In this section, you will discuss the life cycle of your business product, service, or other idea from your business plan in the Marketing and Strategy course. Specifically, you should:
- Describe the life cycle of the business idea. Focus your response on the future of the business idea, specifically on its growth and eventual decline.
- Assess the profit generation and cost-saving opportunities associated with the business idea based on the life cycle you described. Your assessment should be supported with rationale.
- Determine a phase-out plan for your business idea that ensures a sustainable solution that makes way for future innovation and profit streams. Ensure that you justify the steps in your plan.
Your paper should adhere to the following formatting requirements: It is submitted as an APA-style Microsoft Word (or open source) document, 10 pages (not including title and reference pages), double-spaced, using 12-point Times New Roman font and one-inch margins. There should be a minimum of two references cited in APA format.
Separate 4 pages separate create an outline of your project management plan.
Prepare an outline to identify the key milestones (include at least five major tasks or steps for implementation) and deliverables of your project.
- State how you intend to manage and balance the scope-time-cost triangle.
- Identify the key risks and obstacles that management will have to mitigate for the plan. Identify triggers or signals that management will use to monitor if these risks are occurring or not.
- Prepare summary (high level) cost schedule identifying the cost categories for the project—rough order of magnitude (ROM) (very high level) dollar estimates are adequate for this. This can be done in a tabular format for clarity.
Specifically, the following critical elements must be addressed:
- State your intentions for managing and balancing the scope-time-cost triangle.
- Highlight the key risks and obstacles that management will have to mitigate for the plan.
- Identify the triggers or signals that management will use to monitor if these risks are occurring or not.
- Summarize the cost schedule by providing cost categories for the project—ROM dollar estimates are adequate for this. This can be done in a tabular format for clarity.
