User Account

All Pages

Financial plan and budget for retail warehouse operation

Assignment Help Operation Management
Reference no: EM132360698

Assignment: Create a Quarterly Financial Plan and Budget for a Retail Warehouse Operation

Instructions

Budgeting is a critical operational component of a manager's duties. The implication of proper budgeting is that it allows companies to effectively plan for the management of resources within the context of product and goods delivery, while not losing sight of the need for cash flow. This concept will be reviewed again later in this course; in the meantime, cash flow is critically important to the health of a business. Being able to budget within the constraints of estimated and actual cash flow allows companies to spend no more than needed in operational functions for purchasing, producing, and delivering goods and services.

In this assignment, you will act as the warehouse manager for Tandy Leather Factory. You have been asked to present a quarterly budget and financial plan to the president of the company. To do this, you will need to examine last year's financial statements, last quarter's earnings, and this quarter's estimated sales. You will use market analysis from Yahoo! Finance and the annual earnings report from last year. You will create a presentation of the budget using Microsoft PowerPoint. Your presentation should cover the cost of managing the inventory, shipping, warehouse machine maintenance (forklifts, pallet jacks, pallet wrapping machines, computers, handheld inventory devices, etc.), personnel costs for 75 employees, two office clerks, and two managers. Your budget will be based on an 8-hour work day, 5 days a week. You must include the cost for a 1-day shutdown of the warehouse for a quarterly inventory count.

Length: 11 slides, include 100-150 words for each slide in the notes section.

References: Please cite at least four sources. This may include three of the listed sources and at least one self-researched source.

Your presentation should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.

Reference no: EM132360698

Questions Cloud

What is an example of a grouping : What is an example of a grouping and what are the two characteristics that distinguish these groups from each other?
What you have learned to your professional lives : In this discussion question you have the opportunity to be creative and to relate what you have learned to your professional lives.
What are some of the most important characteristics : What are some of the most important characteristics you feel are necessary and why? What type of policies would you have implemented and why?
Performance review to help highlight positives : What are some methods employees can use in a performance review to help highlight their positives over negatives? Explain.
Financial plan and budget for retail warehouse operation : Budgeting is a critical operational component of a manager's duties. Create a Quarterly Financial Plan and Budget for Retail Warehouse Operation
How policies and procedural requirements can impact : How policies and procedural requirements can impact on the collection, handling and dissemination of research results.
What things does an organisation need to decide : What things does an organisation need to decide on before any research is conducted?
Legal responsibilities important to philip morris internatio : Why are legal responsibilities important to Philip Morris International?
Level of risk the organization foresees : Should disaster recovery plans be built based on the level of risk the organization foresees? Why or why not?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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