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Operating Plan

Operating Plan. Project 9. What is an Operating Plan?. Provides 3 Key Benefits to Business. Key Benefit - 1. Analyze/research how to produce products Why? ---- cost-effective process Benefit: maximize profits. Key Benefit- 2.

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Operating Plan

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  1. Operating Plan Project 9

  2. What is an Operating Plan? Provides 3 Key Benefits to Business

  3. Key Benefit - 1 • Analyze/research how to produce products Why? ---- cost-effective process Benefit: maximize profits

  4. Key Benefit- 2 • Analyze/research how to delivery goods to customer in a cost-effective way Why? ----maximize profits

  5. Key Benefit- 3 • Effectively time manage each task Why? ----keeps business operating well

  6. 5 Categories to Include • Purchasing • Production • Sales and Marketing • Accounting • Distribution

  7. Section 1 - Purchasing • What supplies and materials are needed? • Who are the best suppliers • Best prices • Quality meets my standards • Delivers when I need it

  8. Operating Plan • Purchasing Materials required for product development: Cloth Pattern(s) Scissors Thread Sewing Machine Serger Needles/Pins Dress Dummy Marking Tools Suppliers of materials to be used in the direct production of products include: Joann Fabric and Craft Store (http://www.joann.com) This supplier has been chosen for reasons of quality, price, availability, and ease of access to customer. Materials are received at the time of order.

  9. Section 2 - Production • What is the production time required to complete a customer order from order receipt to delivery?

  10. Operating Plan • Production Turnaround for product(s) and services offered by D’s Dress shop are as follows: • Pattern, material selection, initial fitting with client: 2-4 days from order placement • Sewing of garment and final fitting before hemming: 1 week. • Final fitting and final alterations 1 week.

  11. Section 3 – Sales and Marketing • How much time will you spend on promoting your business – each month?

  12. Operating Plan • Sales and Marketing Because the business is a startup, during the initial few years, a minimum of 8-10 hours per month will be spent marketing and creating promotional activities for D’s Dress Shop.

  13. Section 4 – Accounting • How will I keep accurate accounting records for my business? • How much time will it take to keep accurate records?

  14. Operating Plan • Accounting A simple automated accounting system will be maintained. It is estimated that accounting tasks for D’s Dress Shop will take 1 -2 hours per month.

  15. Section 5 – Distribution • How much time will it take me to deliver products and/or services to the customer? • How will I deliver the products and/or services?

  16. Operating Plan • Distribution Goods will be delivered to the customer’s site using an automobile. Estimated deliver time per order is estimated at 30 minutes or less since all of D’s Dress Shop customers will be located in the same community as the owner.

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