This is an assignment that focuses on the development of an Operation Technology and Management Plan. The paper also includes the management plan with the financials throughout the development process,
The development of an Operation Technology and Management Plan
This assignment consists of two sections: the Word document and your business plan financials. Note: You must submit both sections as separate files for the completion of this assignment. Use the NAB Company Portfolio (see Required Course Files in Week 1).
Write a 4 page paper in which you provide the following information below. Operations Plan (1 page) Note: Remember to assign a dollar amount to each operational cost you find, as you will need these figures for your income statement and cash flow in Week 8.
Firstly, create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences. Note: However, most of the research pertaining to the hints provided here can be found in the NAB company portfolio. Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company. Hints: One of your biggest expenses as a startup non-alcoholic beverage company will be transitioning from a small-batch prototype of your beverage to production on a large scale.
The development process
Secondly, research the equipment you will need (vats, refrigerators, burners, ovens, bottling equipment, and so on), whether you will rent or buy, how you will maintain and clean the equipment, and so forth. Consider how you will ensure quality control. What capacity do you intend to reach? Hints: Deliberate your inventory control. Where do your supplies come from and also what is your turnaround time to produce your beverage once you have received an order? Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in Week 2 of the class. Hints: How will you stay abreast of new developments in your industry? What new products do you have in development now, in addition to your flagship product? Finally, describe your research and development activities and explain how they will contribute to the company. Technology Plan (1 page) 3.
Lastly, create a technology plan for your NAB company using the template in the text as a guide (p. 227 | Technology Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences. Hints: Consider the type of technology your company will use to conduct the following activities: managing personnel; taking, fulfilling, and also tracking orders; managing inventory; communicating with customers and providing customer service; and producing your beverage.