For the Module 4 Discussion, you will return to the role of an entrepreneur. Think back to the...

Question

For the Module 4 Discussion, you will return to the role of an entrepreneur. Think back to the fictional organization you created in Discussion 2 ( my fictional company is below) and consider the constraints concepts you learned about in The Goal. Assume that your fictional business was hugely successful and that you found that your customer orders where higher than you had ever hoped for.
1. Compose a full paragraph that describes a potential bottleneck resource within the production chain of providing your good or service.
2. Describe the dependent event(s) that precede the bottleneck and what is causing the bottleneck issue.
3. Describe what you would do to alleviate the bottleneck and improve your throughput.
Your initial posting should be between 200 – 300 words and use a minimum of two sources (one of which may be The Goal). Cite sources and references using APA format *************************************************************************
MY FICTIONAL COMPANY
My fictionalbridal shop is called Gina bridal shop. Our amazing team will be dedicated to help guide each and every bride to the dress of their dreams. Customer service is our number one priority from the minute you walk through the door until the minute you say I do. The options ofdresses are limitless with our gown selection. Our inventories is made up of gowns ranging from size 6-32. We have wonderful selection of plus size wedding gowns from every designer in our lineup and the prices are very affordable.
The fixed cost is a cost that does not vary in the short run with a specified activity (Atkinson, Kaplan, Matsumura & Young, XXXXXXXXXXFor my bridal shop, the fixed cost will be the rent. I will accept credit card payment. When accepting credit cards, a small percentage of each sale goes to the bank or processor for facilitating the transaction, this will be a variable cost since the amount I pay in merchant fees depends on the sale.Potential sunk cost will be a bride placing an order for the dress and never return back to pickup the dress. Opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. (Investopedia n.d.). Opportunity cost would be partnering with a vendor who specializes in floral arrangement and not doing so.
Reference
Atkinson, A. A., Kaplan, R. S., Matsumura, E. M., & Young, S. M XXXXXXXXXXManagement Accounting: Information for Decision-Making and Strategy Execution, 6e. Upper Saddle River, NJ: Pearson Prentice Hall.
Investopedia (n.d.). Retrieved from http:Investopedia.com/terms/e/economicprofit.asp

David · Accepted Answer

Discussion:
There are number of constraints and concepts learnt in the Goal. The proposed fictional business is assumed successful. The customer orders are often more than the expected. Well in this case scenario a more detailed business process analysis provide insight into the following aspects,
(i) At the outset the potential bottleneck resource in the organization can be two ways. The first is the customer service itself, if there is more number of customers getting into the shop, the bottleneck will be the availability of better manpower to cater the demands of the customers. At the same time if there are continuous inflow of the customers,

For the Module 4 Discussion, you will return to the role of an entrepreneur. Think back to the fictional organization you created in Discussion 2 ( my fictional company is below) and consider the...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment