Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

You work for Centervale Apparel a large clothing manufacturing firm. Centervale Apparel has accounted $9.7 million for new technology creativities in the coming year but the project requests currently in the queue for next year total about $15 million. Your boss the executive director of operations has questioned you to put together a proposal for this project to replace legacy order fulfilment technologies by implementing a supply chain management (SCM) system. Your boss wants to confirm this project will be prioritized over other projects on the list and will be applied in the coming year. Use the following data to make a proposal using a balanced scorecard approach to demonstrate the project's value to Centervale Apparel.

Here is your brief

Business Problem- The order completion team has been using several legacy technology systems to manage inventory also distribution. The current systems don't work together requiring redundant information input as well as processing. For the reason of the redundant processes work is duplicated requiring multiple data entry points and sometimes results in inaccurate and irreconcilable data. There is a constant overage or else shortage of supply due to the time it takes for data to get from one point to another. This reasons unhappy customers and inventory carrying costs that could be avoided.

Project Description: Replace bequest order fulfilment technologies by implementing a SCM system.

Project Cost: The project will cost about $1.2 million including infrastructure also resources to complete the implementation and $250,000 annually to support as well as maintain the new system with a ten-year lifecycle for the system.

Project Benefit: It is predictable that the implementation of a supply chain management system will improve the order fulfilment processing time as well as reduce inventory-carrying costs. Implementing the SCM system will likewise enable the retirement of several legacy systems. Estimated annual cost savings are:

•Data entry staff reduced from 10 FTE to 8 FTE = $100,000/yr savings

•Reduction in inventory carrying costs = $300,000/yr savings

•Improved order fulfilment = 10-20% reduction in order to delivery time. This will increase customer satisfaction and retention

•Improved data accuracy

•Legacy system maintenance retirement savings = $100,000/yr

Using the information that facts the primary business goals for the coming year, you will need to demonstrate how executing the SCM system will help achieve the business objectives.

Note- Customers are retail companies who order from this clothing manufacturer. Assume a ten-year lifecycle for the SCM system.

Using the module readings and the Argosy University online library resources, research methods of developing proposals by applying the balanced scorecard approach. Select two scholarly resources for use in this assignment. You will utilize these resources to justify your recommendations.

The proposal should include the following:

•Describe the measureable value. This should include a cost-benefit analysis, such as payback period or ROI that relies on tangible measures of organizational value through cost savings, revenue enhancements, or improvements in the speed, quality, or efficiency of key processes that help achieve competitive advantage (note the difference between tangible and intangible measures in this proposal).

•Evaluate as well as choose alternatives. Make sure to recognise any alternatives to the project implementation and provide a justification for each.

•Complete a risk assessment of all risks associated with executing the project using an enterprise risk management (ERM) model.

•Explain total cost of ownership and include descriptions of implementation project and ongoing maintenance costs.

•Describe the benefits of the project which include tangible and intangible benefits.

•Completely justify a recommendation with a compelling proposal that aligns to the business goals.

Write a 4-6-page paper in Word format. Apply APA citations.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9156411
  • Price:- $35

Priced at Now at $35, Verified Solution

Have any Question?


Related Questions in Business Management

What are some of the potential advantages of teaming up

What are some of the potential advantages of teaming up millennials with baby boomers?

Consider the following cournot oligopolythere are two

Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...

Why should companies furnish her staff or employees with

Why should companies furnish her staff or employees with floating holidays?

Project part 1 - prepare and submit 1-2 page statement of

Project Part 1 - Prepare and submit 1-2 page statement of work (SOW) to describe the need to create, design and implement the database that you propose for your project. Check syllabus and review sample SOW available und ...

What are some ways six sigma is used in todays world and

What are some ways Six Sigma is used in today's world and what are the key aspects of six sigma?

In some organizations change implementation is carried out

In some organizations, change implementation is carried out under the guise of being a participatory effort when, in fact, the implementation has been carefully choreographed (micromanaged). What are some lasting side ef ...

Womenworking in saudi arabianbspfind answers to the

Women working in Saudi Arabia .  Find answers to the following questions. 1. Is western-style clothing acceptable for women? 2. Are there any clothing taboos for women? 3. Are female guest workers expected to dress like ...

Suppose that third national bank has reserves of 20000 and

Suppose that Third National Bank has reserves of $20,000 and check able deposits of $200,000. The reserve ratio is 10 percent. The bank sells $20,000 in securities to the Federal Reserve Bank in its district, receiving a ...

Trucks in a delivery fleet travel a mean of 80 miles per

Trucks in a delivery fleet travel a mean of 80 miles per day with a standard deviation of 35 miles per day. The mileage per day is distributed normally. Find the probability that a truck drives less than 111 miles in a d ...

Read the siemens case study located in the section titled

Read the Siemens case study located in the section titled Case Studies in your textbook concerning the following situation: Siemens is a leading global electrical engineering and electronics firm headquartered in Munich, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As