This essay Operating Plan has a total of 313 words and 3 pages.
Receiving orders for meals
Transactions at the Home Cookin’ restaurant will be done in a very simple, yet effective manner. In the store there will be a counter with an electronic cash register. All sales will be rung up using this register. Cash transactions will be the simplest and most straight forward. Customers wishing to pay with check must have identification. Visa, MasterCard, and American Express are expectable credit cards but must be verified first.
Paying the supplier
The suppliers will not be paid in cash. Our corporate office instead will pay them within 30 days.
Inventory will be taken every Sunday and Wednesday night. The goal is to have the least amount of inventory left over as possible.
Company budgets for all expense items will be monitored by corporate. Travel, phone usage, entertainment and other expense items may only be used for company related activities by the Managers. It is the responsibility of corporate to make sure these expenses do not exceed the amount budgeted by for each account.
Sonitrol security systems will be on during all closing hours. Cash will be secured through daily deposits in addition to keeping less than $200 in the cash drawer at all times.
If sales projections prove wrong we will take immediate steps to evaluate the cash flows, cut expenses and propose a new adjusted projection for sales.
There is much competition within the area of Muncie. If these competitors made an attempt to destroy our market place or initiate a price war, we would take the following actions:
-Emphasize uniqueness through advertising and promotions
-Lower prices too comparable price of competitor’s items.
-Negotiations with competition.
If problems with management were to arise, the corporation would need to access the problem and determine a solution. Steps to be taken would include warning, probation period, or termination.
Topics Related to Operating Plan
Retailing, Payment systems, Corporate finance, Cash flow, Inventory, Manufacturing, Budget, Point of sale, Cash register, Credit card, Sales, Conditional budgeting
Essays Related to Operating Plan
Macintosh Retail GroupMacintosh Retail Group The Macintosh Retail Group A short summary The Macintosh Retail Group is a Dutch holding, that today competes in the sectors of clothing, living and automotives. It consists of the companies Superconfex (clothing), Kwantum, Tonton Tapis, Bartels Decor, GP Décors, Klerkx Group (living), Halfords (automotive) and other smaller ones. Today, the group is active in several European countries, namely the Netherlands, Belgium, France and Germany. Some numbers for Macintosh 1990-1
SamsungSamsung Samsung Quick Background - 1938 founded as a trading company - in the 50s-60s went into anything imaginable - like insurance- paper- aerospace- property- retailing - used this base to lay themselves out for the semiconductor field Lets Break Down how they did it 1) Entry into semiconductors- 75-83 - bought a smaller semiconductor company in S.K. - wanted to expand out of low end goods - worked with Micron Tech. and other US firms - had American engineers at plants helping them 2) Catchin
Sears And Roebuck CompanySears And Roebuck Company Business Marketing Term Paper Sears and Roebuck Company For this paper I will be looking at an old established company, that has re-addressed its target market. To increase penetration in the market and expand in new markets, Sears has refocused its market concept. In the past Sears was where your grandparents shopped for quality product. As they sat back and enjoyed the comfort of their brand name and reaped the benefits, other companies sliced away at the market with
Marketin Strategy In E-CommerceMarketin Strategy In E-Commerce Marketing Strategy and E-Commerce Introduction With the rapidly advancing technologies that are occurring in modern business, organisations are required to be ready, and able to adapt within their ever-changing environment. It is true across all diverse industries that in order to stay competitive, organisations must be able to utilise the various tools that technology has to offer. Technological factors have been of growing importance, particularly in recent year
“B2b In Sme’S: Perspectives And Future Challenges”“B2b In Sme’S: Perspectives And Future Challenges”, Chapter 1 Introduction 1.1 Purpose and Content The Forrester report (Feb. 2000) in an article entitled “eMarketplaces Boost B2B Trade.” Predicts that ‘B2B (business to business) e-Commerce will reach $2.7 trillion in 2004. While Internet trade between individual partners will continue to flourish, eMarketplaces will fuel most of the growth reaching 53% of all online business trade in five years.’ These figures would suggest that it is imperativ