Calculates the projected annual outgoing costs of running

Assignment Help Business Management
Reference no: EM132205113

Assignment 1 - Garment Bonanza

Overview

For this individual assignment, you will use skills acquired through practical laboratory exercises to automate a business process, and to visualize the impact of the automation.

You should use Microsoft Excel (or equivalent open-source software) for this assessment task.

Learning Outcomes

The following course learning outcomes are assessed by completing this assessment:

A1. Prepare a basic solution to a business problem;
A2. Select appropriate IT solutions for business functions;
A3. Apply business information software for data visualization and analysis purposes.
S1. Write basic programming logic;
S3. Interpret and construct representations of business data flow and processes;
K8. Outline the basic principles of programming.
Assessment Details
For this assignment, you will complete the following set of tasks using Excel, and build an ePortfolio page to describe your work.

Task 0 - Setting up

Create an ePortfolio page for your assignment. You will submit this page to Moodle as per the lab tasks

Scenario details
Garment Bonanza is a small clothing manufacturer, specializing in creating custom, one-of-a-kind garments. They exclusively sell their product through their online store.

Garment Bonanza is run by a team of three staff members: Alice, Bhaljeet, and Clyde.

Alice and Bhaljeet work together to manufacture garments. Clyde manages orders, sales and delivery.

Team hours
Most of the time, team members work the following shifts:

Alice works 7.5 hours on Mondays, Tuesdays and Wednesdays; Bhaljeet works 7.5 hours on Thursdays and Fridays; and
Clyde works 4.5 hours every weekday.

Additionally, Alice and Clyde share responsibility for managing the Garment Bonanza social media presence, with Alice working one extra hour in the evenings on Monday, Tuesday and Wednesday, and Clyde doing the same on Thursday, Friday and Saturday.
Costs
Alice and Bhaljeet, as skilled manufacturing staff, cost $26 per hour to employ. Clyde, a part-time employee, costs $24 per hour to employ.
All staff are also entitled to four weeks of paid annual leave, during which a casual replacement is required at a cost of $39 per hour.

Fixed costs such as rent and insurance are $9100 per year, and utilities costs are $260 per month.

Task 1 - Costs of operating the business

Using Excel, create a spreadsheet called operating_costs.xlsx that calculates the projected annual outgoing costs of running Garment Bonanza.

Your spreadsheet should be configured such that the working hours, hourly rates, and fixed and utility costs can be varied easily.

Document your findings in your ePortfolio page (approximately 100 words).
Manufacturing garments
Garment Bonanza receive requests through their online store, and Clyde responds with a quote, after consulting with a member of the manufacturing team. If the customer confirms their order, Alice and Bhaljeet manufacture the ordered products, and Clyde organizes delivery.

Currently, the process for generating a quote is entirely subjective, based on the requested material and garment size. Staff members quote an amount based on their personal experience.

For several months, staff have been keeping track of the quote date, material, size, quote amount, and manufacturing cost for each order in a spreadsheet. As each product is hand-made, the manufacturing cost may vary between similar orders.

If a quote was not accepted by the customer, then manufacturing cost is not included. This spreadsheet is available for download on Moodle.

Task 2 - Order information
Using Excel, process the history of orders spreadsheet and use appropriate charts to visualize: How some aspect of quoting or manufacturing has changed over time; and
How the quote amount differed for each staff member.

You will need to find a way to use Excel to associate each quote with a staff member.

Describe your approach and your findings in your ePortfolio (approximately 250-400 words), and attach the Excel file to your page.

Task 3 - Price consistency
Using Excel, analyse the historical data you have available, and create a spreadsheet that allows a member of the Garment Bonanza team to enter the garment material and size, and gives a quote amount.

Ensure that you include enough text and formatting to make your spreadsheet usable by a member of the Garment Bonanza team (or by a University lecturer).

You may base your quote amount either on historical averages, or to ensure that Garment Bonanza makes a profit.

Validate your quoting approach by applying your formula to historical data.

Justify your approach in your ePortfolio (approximately 150 words), and attach your Excel file to your ePortfolio.
Process improvement
The team want to improve their quoting process to reduce time spent waiting for customers to approve quotes.

They would like to start manufacturing immediately for orders that they might be able to sell in future, even if the customer does not go ahead with the order.

That is, they would like to change to the processes indicated in the following swimlane diagrams:

Task 4 - Process improvement
Extend your spreadsheet page from task 3 to automate the above processes, allowing a member of the team to enter the garment material and size, and in addition to the quote amount indicate whether to start manufacturing immediately.

It is up to you do determine how to determine which items are popular.

Justify your approach in your ePortfolio (approximately 150 words), and attach your Excel file to your ePortfolio.
Bonus challenge task (optional!)
Disclaimer: This task is 100% optional, and you can receive full marks without attempting or completing it. It is intended to be a challenge if you are interested in such things, and the marks available do not reflect the significant research and effort required to implement it correctly. Tutors will not provide significant assistance for this challenge task.

Optional task 5
Reimplement Tasks 1, 3 and 4 using either Python or HTML+JavaScript.

Write a brief overview of how to run your solution, and attach a zip file containing your code to your ePortfolio page.

There are no partial marks awarded for this bonus task - you must complete all features to attain the bonus marks.

It is possible to attain full marks for this assignment without completing this challenge task.

Attachment:- Assignment.rar

Verified Expert

The solution file is prepared in ms word and calculations are done in ms excel.This solution is discussed about the garments business which has five tasks are setting data, calculate operating cost of the business,automate the price consistency which based on price,size and material of the item.Finally we implemented garment business to run cost operating cost in python programming language.The scree shots of all tasks are attached in the solution and references are included as per APA format.

Reference no: EM132205113

Questions Cloud

High-dollar project for government agency : You have been appointed as a project manager for a high-dollar project for a government agency,
How much scenario testing is appropriate for this project : You are the project manager for a large health information technology project. How much scenario testing is appropriate for this project?
Encounter situations related to diversity challenges : You will often encounter situations related to diversity challenges that are new to you and you will depend on resources to help you guide your actions.
Assess dollar magnitude of net benefits of decision : Assess dollar magnitude of net benefits of decision to raise price/output combinations by 5% in medium term to recommend conditions
Calculates the projected annual outgoing costs of running : create a spreadsheet called operating_costs.xlsx that calculates the projected annual outgoing costs of running Garment Bonanza
Discuss project dependencies and list tasks on critical path : Discuss the project dependencies and list the tasks on the critical path. Discuss the critical path tasks, and methods used to shorten the critical path.
Determine what the FDA is trying to accomplish : What information could you share with Ms. Kallman that would help determine what the FDA is trying to accomplish?
Reading philosophy of whole-language learning : Hooked on Phonics is a reading program that departs from the current educational reading philosophy of “whole-language learning.”
Company to enable more efficient customer service : New customer management database software has just been introduced to your company to enable more efficient customer service.

Reviews

len2205113

12/30/2018 10:57:06 PM

Price consistency Spreadsheet interface for pricing 1 Validation of approach based on historical data 2 Justification of automation 2 Unclear instructions (-1) Process improvement Appropriate identification of popular item combinations 2 Use of formula to indicate whether to start manufacturing 2 Description of strategy 1 Miscellaneous penalties Poor grammar or written English (-2) Indecipherable file naming scheme (-1) Bonus optional challenge task Faithful reimplementation of tasks 1, 3 and 4 using Python or HTML+JavaScript (+2) Total: 20

len2205113

12/30/2018 10:57:00 PM

Feature Criteria Maximum Operating costs Appropriate projection calculation 2 Configurable hours, rates, fixed annual and monthly costs 2 Description of findings 1 Uses hand-calculated values (-1) Visualization Visualization of changes over time 2 Visualization of staff member differences 2 Description of findings 1

Write a Review

Business Management Questions & Answers

  Does travel insurance cover medical expenses

Does travel insurance cover medical expenses? Does auto insurance cover medical expenses?

  What are the potential research objectives and questions

BUSN20016 - Research in Business Assessment - Project Proposal. What are the potential research objectives and questions that can address the problem

  What is shadow cost of equity

Shadow corp. has no debt but can borrow at 8%. the firm's WACC is currently 11% and the tax rate is 35%. i. What is shadow's cost of equity? ii. If the firm converts to 25% debt, what will its cost of equity be?

  Show the organizational change

Show the Organizational Change - which kind of department is most important to an organization? Why? Could an organization function without either of them?

  Most appropriate reorder point

A carpet cleaning firm uses an average of 48 gallons of cleaning fluid a day. Usage tends to be normally distributed with a standard deviation of 7 gallons during lead time. Lead time is 3 days, and the desired service level is 96 percent. What is..

  Growing complexities of the union president job

Many people believe that "You get what you pay for" is an entirely valid statement and that on this basis one major reason for labor's inability to organize

  Absorbed production overheads

In an integrated bookkeeping system, when the actual production overheads exceed the absorbed production overheads. What would be the accounting entries to close off the production overhead account at the end of the period?

  Define advantages to leveraging host-country nationals

There are definite advantages to leveraging host-country nationals. Are there any potential challenges, or even disadvantages?

  What situation does alex rogo find himself

What situation does Alex Rogo find himself in - both personally and professionally? How does it impact on his decision making and the decision making

  Legal and ethical issues surrounding solyndra

Discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. You will need to research the company through the University library. Your essay should include the following:

  Relationship between a firm total revenue

1. What is the relationship between a firm's total revenue, profit, and total cost? 2. What are the market characteristics of perfect competition? What examples come closest to perfect competition?

  How you would position the company to move forward socially

Clearly explain how you would position the company to move forward socially, ethically and financially (the triffecta of success!)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd