BUSINESS PLAN 6
Running head: BUSINESS PLAN 1
Business Plan
Name
Institutional Affiliation
Course
Date
Business Plan
Personnel
Number of employees: 75
Type of labor (skilled, unskilled, and professional):
Most of the labor will include mostly unskilled labor which will comprise 40 individuals. Skilled labor consists of 25 individual with 5 taking the professional spot.
Where and how will you find the right employees?
The positions will be advertised through the media and in the company’s website. After that, applicants will be vetted to pick up the best and the most potential. Qualifications will be given and guidelines for application provided.
Quality of existing staff
The existing staff is highly productive. However, they need more help at all levels to ensure perfect continuation of work.
Pay structure
Payments will be broken down according to qualification levels, experience (skilled, unskilled, and professional), and areas of expertise.
Training methods and requirements
Upon recruitment, the employees will be taken through the necessary classes of training. They will be ranked according to work station, physical abilities and experience levels.
Who does which tasks?
The unskilled personnel will be working with the professionals who will be supervising them to give them a chance get introduced into the system and gain experience. That will give the skilled labor time to adjust with the working conditions as they seek to raise their experience. It means that all workforces will be mixed to ensure maximum production.
Do you have schedules and written procedures prepared?
There are already existing schedules which show the kind of work which will be done at each category. Also, work description and operational details have been provided for easy adaptation.
Have you drafted job descriptions for employees? If not, take time to write some. They really help internal communications with employees.
There is already an existing
For certain functions, will you use contract workers in addition to employees?
Unless the situation calls for it, contraction will not be used. The company will utilize its labor force hence the idea of incorporating professionals in the recruitment requirements.
Inventory
What kind of inventory will you keep: raw materials, supplies, finished goods?
All the necessary information will be catalogued. That includes inventory on raw materials, supplies and the finished goods. This is because the due process which involves the production of our end products has different stages which have unique operational dynamics. As such, it will be good to keep all the information of the end products and the materials used to realize them.
Average value in stock (i.e., what is your inventory investment)?
The company is worth $85 million. That valuation is kept in stock form selling shares with each one trading at $213. The current number of shareholders is 236 with each holding more than 1000 shares.
Rate of turnover and how this compares to the industry averages
Total sales (Year 2017)
Total expenditure (Year 2017)
Total income
Seasonal buildups?
Company progress depends on quarterly valuations which are used to determine operational advancements and the company’s position.
Lead-time for ordering?
7 to 10 days
Suppliers
Identify key suppliers:
Names and addresses
Type and amount of inventory furnished
Credit and delivery policies
History and reliability
Global Essence, Inc,
301 Commerce Drive Freehold, NJ
-Chemicals
-Fragrance
– Supply quantities as required
– Down payments on supply request; Balance upon delivery
– Discounts calculated depending on supply size
Naturally produced products which blend well with our production requirements and standards. Operational since
Alpha Aromatics,
294 Alpha Drive Fox Chapel, PA.
-Chemicals
-Credit calculated on the length of association
-All payments are settled upon full delivery and product confirmation
Long-term experience on delivery since its foundation on 1987
Schulke Inc.,
30 Two Bridges Road Suite 225 Fairfield
Chemicals
-Standard prices for every product apply.
– Customized prices on long term partners
– Credit applied only to those who work closely in partnership with the company
Operational since 1889 giving it a long history in chemical supplies
Should you have more than one supplier for critical items (as a backup)?
The company will utilize the services of more than a single supplier where the occasion calls for it.
Do you expect shortages or short-term delivery problems?
Like in any other operations, delays and failures are expected. As such, I will be prepared to accept their existence at any given moment.
Are supply costs steady or fluctuating? If fluctuating, how would you deal with changing costs?
Supply costs change depending on changes on demand. As such, when the costs are low or favorable, the company will make more purchases on raw materials and supplies. The extra sales will supplement needs during high supply costs.
The post BUSINESS PLAN 6 Running head: BUSINESS PLAN 1 Business Plan Name Institutional appeared first on PapersSpot.
