Hello, I have a team project that I am assigned to complete some parts of it, and I want you to help me with that.

I’ll attach the document for you so you can get a brief idea about it, and so you can complete it for me.

The parts I am assigned to complete are

Personnel

• Number of employees
• Type of labor (skilled, unskilled, and professional)

• Where and how will you find the right employees?
• Quality of existing staff
• Pay structure
• Training methods and requirements
• Who does which tasks?

• Do you have schedules and written procedures prepared?
• Have you drafted job descriptions for employees? If not, take time to write some. They really help internal communications with employees.
• For certain functions, will you use contract workers in addition to employees?

Inventory

• What kind of inventory will you keep: raw materials, supplies, finished goods?

• Average value in stock (i.e., what is your inventory investment)?
• Rate of turnover and how this compares to the industry averages?
• Seasonal buildups?
• Lead-time for ordering?

Suppliers

Identify key suppliers:

• Names and addresses
• Type and amount of inventory furnished
• Credit and delivery policies
• History and reliability

Should you have more than one supplier for critical items (as a backup)?

Do you expect shortages or short–term delivery problems?

Are supply costs steady or fluctuating? If fluctuating, how would you deal with changing costs?

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