The Business Strategy of the Fine Food Corporation - Report Example

TOPIC: RESEARCH PAPER Table of Contents TOPIC: RESEARCH PAPER Part One 4 Food products/services 4 Problem Situation 5 Opportunity ment 6 Order handling and distribution 6 Sales 6 Order Processing 7 Finance 7 Project Scope 7 Aligning to Knowledge 8 New system Specifications 9 Process and Communication Business Drivers 10 Part Two 12 Effects of the Problem or Opportunity 12 Part Three 13 Statement of Work 13 Scope 13 Deliverables 13 Technology Based Deliverable: 13 Project Quality Assurance based Deliverables: 13 Project Management based Deliverables: 14 Exclusions 14 Stakeholders 14 Milestones 15 Managerial Approval 15 Schedule 16 Project Budget 17 Risk Management Plan 18 Cost Risks 19 10.2- Time Risks 19 Technology Risks 19 Management Risks 19 Conclusion 20 References 20 Part One Company Background The business of the Fine Food Corporation has obtained a steady growth in the business and organizational structure and offered a better business handling and operational support for the all departments. Despite of extensive enhancements the currently operational paper based working structure; the performance of the business is still lacking high performance. This makes the overall working structure less effective. The management of the business desired to implement a new technology based structure that offers the business enhanced performance and working capability. http://thefinefood.co.uk/ Food products/services The business of the Fine Food Corporation is offering following main food products and services: Rotisserie Chicken Quarter Chicken & Chips Half Chicken & Chips Burgers Original Chicken Burger Barbeque Chicken Burger Chilli Chicken Burger Breakfast Rashers Smoked back bacon Rashers Smoked back bacon and egg Sausage and egg Double egg & cheddar Rashers Smoked back bacon, 140g sausage & egg Kids meal deal Smaller portions of above, for smaller people http://thefinefood.co.uk/our-brands.html Problem Situation In case of Fine Food Corporation there are numbers of issues regarding present practice of business. These issues are outlined below: Lack of communication Lack of data security Redundancy of data Complex operational Less management hold Long term processing cycle Difficult order processing cycle No centralized database No data assessment Lack of management decision support Costly communication at internal as well as external level Opportunity Statement In this section I will outline some of main opportunities that we can attain in case of business of Fine Food Corporation through new technology based system support and application. The main opportunities of the new technology system implementation at business of the Fine Food Corporation are stated in the section below: The main opportunities those will be achieved through new technology based system application are listed below: Order handling and distribution Effective shelf management for each food product Effective rotating of the order food products Better order recording Offering order priorities Sales Offers the better order status Better order tracking Better ordering system Effective customer management Easy customer ordering arrangement Assigning priorities to warehousing orders On time delivery structure Order Processing Better raw martial and order management Tracking each new order On time delivery of all orders Priority based food product manufacturing Finance Effective account handling Effective credit control procedures Recording each business transaction Customer record management Developing accurate information from other departments Wages recording and management Project Scope Fine Food management desired to implement the new information technology at four main departments or these are listed below: Sales and marketing Warehousing and distribution Manufacturing Finance Fine Food business is having a major intension to develop a much better business handling and management arrangement that can support and handle customers in a much better way. This will offer a great deal of capability and performance handling to corporate staff and customers. Aligning to Knowledge The present systems of the Fine Food Corporation business management is paper based. All the departments are operational through the paper based working structures. The main object of new information system implementation is to enhance and make better each working area of the business operations. The intention is to offer a better working environment for each of area of the business setup. The main strength of new information system implementation is to enhance the overall business revenue and make the overall working of the business more better and easer. The huge investment and need for the new specialized human resource is main weakness of this project. In case of less effective human resource the overall system operations and business management can be garbled. The main intention of enhancing supply chain for the Fine Food Corporation business is to enhance overall business working and operational aspects, thus ensuing in a profit scope. Business Inbound Logistics: This factor is about the receiving new business system and there implementation is business environment. In this scenario new IT system and there contracting and implementation in business framework will overall enhance the corporate working and operational aspects. Business Normal Operations: After the implementation of the new IT and business system in the organization structure the main business information inputs are transformed into the finished effective business handling services for business profits. Business Outbound Logistics: the scenario of detailed analysis of the management and handling of the warehousing and distribution of finished goods through the new information based system we will attain a much higher competitive edge. Business Marketing & Sales: the recognition of customer requirements as well as the generation of sales is also a main factor of the new business system. The new system implementation at Fine Food Corporation business will effectively support and handle the marketing and sales setup. Business outdoor Service: The new technology based system information at Fine Food Corporation business will effectively support and uphold the customers’ food products and services those are sold to them. New system Specifications Here I have outlined some of the new technologies for the each of department of Fine Food business. These new technology based systems are specified for overall needs and requirement management of the business. The Sales Department Order Processing Order processing system Warehousing and Distribution Supply chain management system Marketing CRM (customer relation management system), online website Manufacturing CAM system- Computer added manufacturing system Finance ERP system (Enterprise resource planning system) Management MSS (management support system) Boddy, D., Boonstra, A., & Kennedy, G. (2005). Managing Information Systems: An Organisational Perspective. 2nd ed. . Londonl : Financial Times/Prentice Hal. Process and Communication Business Drivers The new technology is transforming out lives. The new technology based systems are offering a great deal of support and capability for enhanced corporate and its information management. The technology based systems are offering better business and corporate operational support. The new technology have transformed the present world and offered a great deal of capability and support for the business staff to work fast and accurately. Fine Food Corporation (FFC) business is a well known and well established business in the food industry. The main business administration setup is established at the London UK. The business manufacturing setups are located at other sides of main head office all through the UK. All business clients have food products delivery source form the Ashville based warehouse. The main business of the Fine Food Corporation operates through the prepared and partly prepared food food products. These food products are obtained through the food food products manufactures. Fine Food Corporation finishes and packages these food products for resale. The Fine Food Corporation simply offers premium quality food intended for events all through the UK. The Fine Food Corporation does not compromise on the quality, freshness and provenance of the food offered. The Fine Food Corporation cook delicious hot food in their state-of-the-art mobile units, those comprise the hugely well-known Fine Burger Corporation, deliciously tasty Fine Chicken Corporation, mouth-watering Fine Barbeque Corporation as well as newly battered fish as of the Fine Fish Corporation. http://thefinefood.co.uk/our-brands.html The new technology based support at the Fine Food business will enhance the business working and operational capabilities and improve the business working and performance. The IT systems supported systems at business of Fine Foods will present a great deal of capability regarding business performance enhancement and capability development. These all aspects take the business toward better performance and market standing. (Whitten & Bentley, page 169-172) (Client stated source) Part Two Effects of the Problem or Opportunity The mission of the Fine Food Corporation is to improve the business status by reaching into the larger marketplace. At this point, business is focused on taking a better opportunity and competitive edge by offering new and innovative food products all through the country. Currently, the business web site contains the overview of company. Corporate wants to attach its present working arrangement to live updates. The new technology based business will offer a great deal of opportunities and capabilities for enhanced business working in following main areas: Sales and marketing Warehousing and distribution Manufacturing Finance The new technology will reform and enhanced the overall business working and operational aspects in above listed areas and working aspects. In case of current business practice of the Fine Food Corporation we are having some of environmental issues involved. Here the current business is evolved to a big business set-up that presents some of working space related issues and operational factors. One of main environmental factor is some of legal issues. In case of establishment of store at any new place we need to have some legal certifications and also some legal paper work for wastes dumping. In case of any problem in such issues we can face overall delay and stoppage in new store opening and new technology application at that store. Such issues can also stop the overall working of running stores and can cause possible issues and problems for the business arrangement. Part Three Statement of Work Scope The new application of system is aimed to enhance the overall performance of FFC corporate and improve the overall corporate food productivity. The new technology based system will offer better business decision support and business issues management capability. Deliverables In scenario of present project we are having to main type of deliverables that will available through new web based Information System for Fine Food Company system: Technology Based Deliverable: New technology based working systems New web based software systems New Database system for recording business data Project Quality Assurance based Deliverables: System testing reports System quality assurance statistics System working performance report Quality of decision and accuracy of decision certificate Project Management based Deliverables: Project Management Report Project Risk management report Project budget plan Project evaluation report Exclusions In this event we are having some of main things those are out of scope of this project those are: New system working and operational training Stakeholders The table below outlines stakeholders of this project: Stakeholder Major Benefits Attitudes Win Conditions Constraints Project Sponsor [Fine Food Company] To increase Business power to have better decision and working efficiency Positive Meeting important business goals Time and cost Project Manager Project success Positive On time and within resource completion Time, cost and technology System Development Team Members Experiences and financial advantages Positive On time completion Time, cost and technology Quality Assurance Staff System working and decision making quality Positive Effective decision and business operational supporter Time, cost and technology Milestones The table below outlines some of the important milestones of the project: Description Target date Deliverable Discussion 07/05/2013 List down options Finalize the requirement 21/05/2013 Statement of Work Finalization of procurement of obtaining managment approval 06/08/2013 Finalized vendor, budget and management approval Implementation of system 14/07/2013 Upgraded Systems Installation and Integration 06/11/2013 Installed web based systems Testing & Commissioning 06/12/2013 Going live Managerial Approval Approved by the Project Management and Business Management: Manager of Fine Food Company Business ________________________ Date:___________________ Manager of Fine Food Company System Development ________________________ Date:___________________ CEO __________________________________ Date:___________________ (Whitten & Bentley, page 131) Schedule Project Task Duration Start Date End Date Precedence Resource Implementation of a Team 7 days 04/01/2013 04/11/2013 Project Manager; Requirement Analyzer Discussion 28 days 04/12/2013 05/19/2013 1 System Designer Finalize the requirement 14 days 05/20/2013 06/08/2013 2 Coder; Tester Development 70 days 06/09/2013 09/14/2013 3 System Analyzer; Project Manager, Developers/Coders Compatibility 42 days 09/15/2013 11/11/2013 4 System Analyzer; Project Manager; Business Accountant Installation and Integration 84 days 11/14/2013 03/08/2014 5 System Installers; Network Engineer Testing and Commissioning 28 days 03/09/2014 04/17/2014 6 Training In-charge System starting 1 day 04/18/2014 04/18/2014 7 Web developers; Installer Staff Feedback 1 day 04/19/2014 04/19/2014 8 Project Manager Project Budget Project Resource Cost of working (Per Hour) Total Cost of Working Total Working Hours Project Manager $20.00/hr $19,200.00 960 hrs Requirement Analyzer $18.00/hr $1,008.00 56 hrs System Designer $18.00/hr $4,032.00 224 hrs Coder/ Developer $17.00/hr $1,904.00 112 hrs Tester $17.00/hr $1,904.00 112 hrs System Analyzer $17.00/hr $15,232.00 896 hrs Business Accountant $17.00/hr $5,712.00 336 hrs System Installers $15.00/hr $10,080.00 672 hrs Network Engineer $15.00/hr $10,080.00 672 hrs Training In-charge $15.00/hr $3,360.00 224 hrs Website purchasing $14.00/hr $112.00 8 hrs Installer $10.00/hr $80.00 8 hrs Total Cost of Working $72,704.00 Risk Management Plan Project Management can be successful if we are able to effectively handle and manage the project working and operations in a better way. There is need for effective handling and management of the project risks for the enhanced handling of the project. Here below I have discussed the some of main risks regarding application of the new technology at Management Information System for Fine Food Company. Cost Risks Cost risk can be one of main risk in case of Management Information System application for Fine Food Company. 10.2- Time Risks In case of Management Information System application for Fine Food Company corporate we have big project to implement. In such a big project there is need for the effective time planning and scheduling of the project main tasks. In case of missing any task time line we can face huge project issues and damages. Technology Risks A technology risk is also one of main risk in case of Management Information System application for Fine Food Company corporate. Management Risks For the web Information System application for Fine Food Company the management of the project is really impotent. In case of management less attention toward this project the overall project can be a huge failure. http://books.google.com.pk/books?id=1WAOo2ItejcC&pg=PA17&lpg=PA17&dq=project+leadership&source=bl&ots=50AXZ0p05S&sig=8YyfQetbauU0uCrtoK2hY7quLPM&hl=en&ei=BrlEToCIN8nysgbwqu2sBw&sa=X&oi=book_result&ct=result&resnum=5&ved=0CFIQ6AEwBA#v=onepage&q&f=false Conclusion This research and analysis based report has offered a deep and detailed analysis of some of main areas and aspects of the new information technology application. Here I have assessed the present business arrangement of Fine Food Corporation and specified the new technology based arrangement for the business. In this scenario this research has offered a comprehensive analysis of new technology application aspects for the Fine Food Corporation business. References Read More