Submitted by: Submitted by ryan0200
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Category: Business and Industry
Date Submitted: 08/08/2012 11:39 AM
FME Business Operations Walkthrough
This is an opportunity for an FME business to test some of its business processes.
Set-up for Walk-through
* Each business will create one team. The team will consist of the following representatives of the business:
* 1 person from the Accounting department (not the CFO) – assume this person controls the cash.
* 3 sales people. Please make sure that at least one is not a part of the sales organization. The VP of sales should not be part of this group.
* 1 person from the Operations Department (The COO is not to be chosen).
* 3 people who will be “the customers.” The customers can be anyone from the business except the CEO, COO and the CFO.
* Everyone else will be observers.
* The CEO, COO and CFO of the FME business will be responsible for creating the “pulse report” for each week of operation.
* Each business should bring their internal documents to class for the walkthrough. Some examples of these documents are:
* Receipts given to customers
* The documentation sent to accounting to inform them of sales made and cash collected.
* Inventory control documents (i.e. the documents that help you keep track of inventory ordered, received, handed-out, and sold.)
* Any other internal documents that you would need to run your business operations and keep track of transactions.
* PLEASE bring enough copies of your documents to enable each team to process 20 sales orders and to reorder inventory, if necessary.
* The HR department of each business is responsible for creating the teams. The walkthrough will take place on Thursday, January 26, 2012.
The Walk-through (Overview)
* The team will be able to purchase 100 pieces of initial inventory. The initial inventory will be delivered right away.
* The product sells for $10 and costs $6 to buy from the supplier (the faculty/mentor team).
* All sales are delivered at...