Product Manufacturability - aligned with model [2-4 pages] Process design i.e. flow, capacity/capability. Manufacturing metrics and KPIs. Make or buy decision used in the manufacturing process. ● ● Layout of facilities: Machines, equipment, material, handling system, automation possibilities Value Stream Map (VSM) of the manufacturing processes. Production Planning and Control considerations.
Product Manufacturability - aligned with model [2-4 pages] Process design i.e. flow, capacity/capability. Manufacturing metrics and KPIs. Make or buy decision used in the manufacturing process. ● ● Layout of facilities: Machines, equipment, material, handling system, automation possibilities Value Stream Map (VSM) of the manufacturing processes. Production Planning and Control considerations.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:●
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It provides an operating plan to assist you in running the business and improves your probability of
success:
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Welcome to your B&OM assignment. You are tasked as a team (in groups of 4 or 5) with developing a
new business plan - to manufacture a product
The objective of this assignment is
to develop a business plan that supports a product manufacturing venture. The business plan is
essentially a feasibility study that ultimately asks the following questions of a potential venture:
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Purpose of the Business Plan
A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and
unemotional way:
● Marketing- Is there a market? How much can you sell?
● Management - Does the management team have the skill?
Financial - Can the business make a profit?
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To assist in your study, you are advised to watch manufacturing video/s that detail your product via
the unit Moodle page.
It communicates your idea to others, serves as a "selling tool," and provides the basis for your
financing proposal:
Determine the amount and type of financing needed
Forecast profitability and investor return on investment
Is there a market for the product?
What manufacturing configuration is most suitable?
What staffing level is required to operate?
Is it worth doing financially and when will it become profitable? I
Forecast cash flow, show liquidity and ability to repay debt.
It is used to assess the potential business risks and meditative measures;
To assess the potential capability of the manufacturing facility;
. Identifies requirements in areas of personnel and facilities for the business;
Identifies operational costs/expenses in areas of preliminary expenses, working capital,
machineries and equipment, sundry facilities.
Identify opportunities and avoid mistakes
Develop production, administrative, and marketing plans
Create budgets and projections to show financial outcomes
The business plan will be is used to raise money, as a financing proposal. The presentation quality and
a thorough financial analysis are very important.
Business Plan Template
It is expected that the business plan will cover many technical elements and business aspects. The
content and structure of the business plan is to be as follows:
![1) Executive Summary
[½ page]
Company, product/s, market analysis, strategy & implementation, management, financial
plan, funding.
2) Company Overview
[½ page]
[½ page]
Description features and benefits, competition.
[1 page]
4) Market Strategy
● Sales and Marketing, target customer, pricing, SWOT analysis.
5)
Product Manufacturability - aligned with model
[2-4 pages]
Process design i.e. flow, capacity/capability. Manufacturing metrics and KPIs.
Make or buy decision used in the manufacturing process.
O
3) Product/s
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Type, ownership, facilities, assets.
●
Layout of facilities: Machines, equipment, material, handling system, automation possibilities
Value Stream Map (VSM) of the manufacturing processes.
6) Business Management
Production Planning and Control considerations.
[1 page]
Organisational structure, form of ownership, job analysis.
7) Financial Evaluation
[1-2 pages]
Capitalisation, income statement, cash flow projections, balance sheet, break-even analysis.
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8) References
9)
Appendices
Supporting evidence.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3439725b-3e6e-42dc-b1ea-4b06aba6a92e%2F87f9f631-9796-453a-87c7-23f05c9f8447%2Fc224b6k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1) Executive Summary
[½ page]
Company, product/s, market analysis, strategy & implementation, management, financial
plan, funding.
2) Company Overview
[½ page]
[½ page]
Description features and benefits, competition.
[1 page]
4) Market Strategy
● Sales and Marketing, target customer, pricing, SWOT analysis.
5)
Product Manufacturability - aligned with model
[2-4 pages]
Process design i.e. flow, capacity/capability. Manufacturing metrics and KPIs.
Make or buy decision used in the manufacturing process.
O
3) Product/s
●
●
●
Type, ownership, facilities, assets.
●
Layout of facilities: Machines, equipment, material, handling system, automation possibilities
Value Stream Map (VSM) of the manufacturing processes.
6) Business Management
Production Planning and Control considerations.
[1 page]
Organisational structure, form of ownership, job analysis.
7) Financial Evaluation
[1-2 pages]
Capitalisation, income statement, cash flow projections, balance sheet, break-even analysis.
●
8) References
9)
Appendices
Supporting evidence.
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