Operational Plan: Grain Trading Firm based on Australia's East Coast
Introduction
The firm in question deals in the trading of wheat and barley into domestic end users including feedlots and flour millers. This operational plan provides the structure of the operation, the long-term business strategy in place, a summary budget for this strategy, a description of planned major projects and available resources to support them. A discussion concerning how the operational plan will be implemented and monitored is followed by a description of the performance targets that will be used. The operational plan then delineates the respective responsibilities for the proposed actions, and provides relevant timeframes for projects goals and evaluations. Finally, an assessment of the measures that will be taken to improve resource use and the elimination of waste is followed by a discussion concerning learning needs and contingency measures that may be required.
Review and Analysis
Operational structure
At present, this grain trading firm (hereinafter alternatively "the company") is located on Australia East Coast. Grainforce Pty Ltd was established in 1993 and before that operated under DJ & HE Larnach which started operations in 1986. The company has grown from a one-man operation to the permanent staff of 12 and eight part-time employees; in addition, Grainforce employs a number of contractors in the Bathurst region. The company's competitive advantage is based on its capabilities
2.3 Implement operation plan within own area of responsibility; The operational plan that I have submitted is from my area of responsibility, this has been devised by using the organisational strategy and working out my areas on responsibility. This allows me to have an end goal and then I need to plan how to achieve it. Once this is done I can work out a step by step plan of what needs to be done and by whom. This is all added to the plan along with any other obligations that will arise like staff supervision and appraisals and monitoring. I can then arrange the plan so that it is ordered by
IV. Business Model and Strategic Plan Part III: Assumptions, Risk and Change Management Plan; Summary of Strategic Objectives; Balanced Score Card and its impact on stakeholders; the Communication Plan…………………..…………..15
The business plan is intended solely for informational purposes to assist you with a due-diligence investigation of this project. The information contained herein is believed to be reliable, but the management team makes no representations or warranties with respect to this information. The financial projects that are part of this plan represent estimates based on extensive research and on assumptions considered reasonable, but they are of course, not guaranteed. The contents of this plan are confidential and are not to be reproduced without express written consent.
What components should be included in the planning efforts and the final plan? How are operational plans defined, and what do they contain?
Introduction to Financial Planning and how do we create an integrated plan: Focus on cash flow forecast using operations plan
-To be the major retailer in our sector across the city and state in three years.
Operational planning is used mostly by lower level or front line managers. These are the routine tasks of scheduling, human resource tasks, and daily statistics which are looked at when planning for future staffing and projects. Although these tasks are carried out by lower level management or supervisors, they upper management still has a say in these tasks. The upper level management or leadership team more than likely made those tasks as a part of the employees daily routine; so again, all hands of management play a roll in the operational planning as well.
Woolworths Limited is a retail company made up of a range of businesses that provide customers with quality, range and value. This report focuses on two parts, Woolworths Ltd Strategic analysis and strategic review in order to provide advise to the Board and Senior Management of Woolworths to obtain a higher achievement in 2012. In the first part, the report demonstrates analyzing the business environment by SWOT analysis, key capabilities, major stakeholder interests and identification of generic business level strategy of supermarket unit. Then the second part provides analysis on two strategies from internal and external environment and the Corporate Balanced Scorecard analysis contributing better implement their
a) Describe the preferred timing and objectives of your business plan.Include an Excel spreadsheet with critical decsions and dates. (Refer to MGT455 Operations Management for ideas on how to present the information.)
Operations refer to the day to day working of the company. By developing operational strategies, companies implement effective systems that support resources, and determine the steps needed to continue success. Some methods are Customer Driven, Core Competencies, Development of Product and Services, and finally Corporate Strategies. However, I will focus on Operational Strategies within Lenscrafters. The day to day involves the backend and detailed flowed among their different departments. The approach followed by Lenscrafters is to ensure it is followed and effective. It also helps to manage long term issues and their production of their product and services. The purpose it to have a product that is considered tailored to the consumer and
West farmers or Coles is one of the leading supermarket around Australia and also Cole’s owned a Coal mines in three states but what really Cole’s business, is to sell groceries; and coles shared 70% of the Australian Market. In this Essay it will explain how Cole’s business started and how they influence into the Australian market.
The purpose of the operational plan is to focus on shorter term objectives usually within 1 up to 3 years. For plans of 2 to 3 years, a more detailed breakdown of shorter timeframes should be included within the body of the document. An operational plan provides detailed information on planning, resource, implementation and funding for projects normally developed from the strategic plan. An operational plan should contain indicators to measure progress and performance. When written an operational plan will be defined by the
This analysis delves into the company’s operation management principles to interpret its successful strategies and offer future recommendations.
To best establish an efficient operations plan, it is best to analyze the specific information related to DSS’ operational processes. According to Abrams, the operational section of a business plan should emphasize certain aspects of its operations to include: key characteristics, competitive advantages, cost
Este Plan permite definir la cuantía de los stocks, horas extra, subcontratación, empleo temporal, etc. necesarias para cumplir con el plan, y coherentes con los objetivos de la empresa enfrentados a la previsión existente sobre el comportamiento del mercado.