Explain benefits of project which include tangible benefits

Assignment Help Business Management
Reference no: EM131577262

Assignment- Business Case and Proposal for Project Selection

You work for Centervale Apparel, a large clothing manufacturing firm. Centervale Apparel has budgeted $9.7 million for new technology initiatives 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 asked you to put together a proposal for this project to replace legacy order fulfillment technologies by implementing a supply chain management (SCM) system. Your boss wants to ensure this project will be prioritized over other projects on the list and will be implemented in the coming year. Use the following data to prepare a proposal using a balanced scorecard approach to demonstrate the project's value to Centervale Apparel.

Here is your brief:

Business Problem: The order fulfillment team has been using several legacy technology systems to manage inventory and distribution. The current systems do not work together, requiring redundant information input and processing. Because 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 shortage of supply due to the time it takes for data to get from one point to another. This causes unhappy customers and inventory carrying costs that could be avoided.

Project Description: Replace legacy order fulfillment technologies by implementing a SCM system.

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

Project Benefit: It is estimated that the implementation of a supply chain management system will improve the order fulfillment processing time and reduce inventory-carrying costs. Implementing the SCM system will also 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 fulfillment = 10-20% decrease in order to delivery time. This will improve customer satisfaction and retention
• Improved data accuracy
• Legacy system maintenance retirement savings = $100,000/yr

Using the information that details the primary business goals for the coming year, you will need to demonstrate how implementing 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 use 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 and choose alternatives. Make sure to identify any alternatives to the project implementation and provide a justification for each.

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

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

• Explain the benefits of the project, which include tangible and intangible benefits.

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

Write a 6-8-page paper in Word format. Apply APA standards to citation of sources.

Reference no: EM131577262

Questions Cloud

Explain major issues that law enforcement administrators : major issues that law enforcement administrators should take into consideration as they relate to officers' ethical behavior
The family and medical leave act : What trends in society do you think encourage the Americans with Disabilities Act and the Family and Medical Leave Act.
Compare difference in contingency and situational leadership : Compare and contrast the differences in contingency and situational leadership. Then, determine the key influences they each have on organizational performance.
Research potential job requirements for each : Write a 350-word job description for each HR role that you have selected. Research potential job requirements for each.
Explain benefits of project which include tangible benefits : Business Problem- Evaluate and choose alternatives. Explain the benefits of the project, which include tangible and intangible benefits.
Provides an organization with a new traditional methods : Take a position as to whether using social media provides an organization with a new competitive advantage or whether traditional methods .
Discuss the trial of the century : What is your assessment of the police, judge, attorneys, and jury. What role, if any, did television coverage play in the outcome
Is an organizations culture an asset to an organization : Is an organization's culture an asset to an organization? Can it ever be a liability? Explain. 4-5 paragraphs. Can use internet for references.
Discuss thought can trigger their memory of the trauma : It is difficult to illustrate because any event or thought can trigger their memory of the trauma. They would not be able heal if they keep getting recollection

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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