I need help with a Business question. All explanations and answers will be used to help me learn.
Prepare a 7-page demand management plan, including a forecasting, inventory management, and scheduling analysis, as well as recommendations, for a provided scenario or business of your choice.
This portfolio work project, a demand management plan, will help you demonstrate competency in forecasting, inventory management, and scheduling.
For this assessment, choose either Option 1 or Option 2. You do not need to do both. You will apply one of these scenarios in the Requirements below. Both options will be graded using the same scoring guide.Wild Dog Coffee Company, a locally owned company with a single coffee shop location, serves a wide selection of espresso beverages, small breakfast and lunch menu items, and a limited evening menu. The company is planning to expand the business by adding an additional location. While different menu items may be tested at the new location, their core processes will remain the same. You have been working on a process improvement in preparation for the expansion and are now turning your attention to demand management.
As an owner of Wild Dog Coffee Company, you and your business partners are planning the opening of a second location. You need to prepare an analysis and recommendations for demand management, including forecasting, inventory, and scheduling, for your current location, so you can refine the model before opening the second location.
Include the following in your demand management plan:
The other owners of Wild Dog Coffee Company handle the business’ marketing and sales functions, and they believe that advertising expenditures impact the sale of coffee beverages. They want you to confirm whether or not their advertising dollars are driving sales. Here is what was agreed upon by all the owners:
|How many espresso beverages are made each hour?||30, on average|
|How many ounces of espresso beans are used for each beverage?||1.5 ounces|
|How many hours per day is the coffee shop open?||6:00 a.m.–8:00 p.m., Sunday–Saturday|
|How many days each month is the business open?||364 days per year. The coffee shop is closed on Christmas day.|
You have the following six months of data to work with for pounds of espresso beans (y) used each month and monthly advertising expenditures (x):
|Month||Lbs/Beans (y)||Advertising Dollars (x)|
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