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UNIT 6: Business Decision Making ASSIGNMENT NAME: Big C INDIVIDUAL ASSIGNMENT 2 (A1)
Week 1 2 3 4
Mon (units) 84 81 84 86
Tues 51 55 56 56
Weds 57 60 62 63
Thurs 48 46 50 49
Week Week 1
Week 2
Week 3
Week 4
Day Mon Tue Wed Thu Fri Mon Tue Wed Thu Fri Mon Tue Wed Thu Fri Mon Tue Wed Thu Fri
Data 84 51 57 48 63 81 55 60 46 65 84 56 62 50 68 86 56 63 49 69
Unit
Week 1
Week Week 1
Week 2
Day Mon Tue Wed Thu Fri Mon Tue Wed Thu Fri
Data 84 51 57 48 63 81 55 60 46 65
Week 3
Week 4
Mon Tue Wed Thu Fri Mon Tue Wed Thu Fri
84 56 62 50 68 86 56 63 49 69
Week 5 predictions c/ y=6.46 + (3*0.27) Wed (W1) Wed (W4) Spread Ave. Week 5 M Tue Wed Thu Fri Trend 65.400 65.427 65.454 65.481 65.508 60.6 64.6 4 0.267
Students have to draw valid conclusion from above results, eg. Trend, seasonal => eg. Monday => highest demand = > inventory m
Fri 63 65 68 69
Series1
Wed
Tue
Thu
Tue
Thu
Tue
Wed
Wed
Mon
Mon
Mon
Thu
Fri
Fri
Fri
Week 2 Time
Week 3
Week 4
Fri
0.12
0.12 -0.12
nd, seasonal => eg. Monday => highest demand = > inventory must be available, Thursday: lowest demand => solution?, etc. => to achieve D1 students m
=> solution?, etc. => to achieve D1 students must express their ability to draw conclusion from above data.
week
Tuesday 84 81 84 86 51 55 56 56
Wednesday 57 60 62 63
Thursday 48 46 50 49
Friday 63 65 68 69
84
Actual week 1 Monday Tuesday Wednesday Thursday Friday Monday Tuesday Wednesday Thursday Friday Monday Tuesday Wednesday Thursday Friday
Trend (MT/5)
week 2
week 3
303 300 304 307 305 307 310 311 313 317 320 322 322
-3.6 -12 2.2 19.6 -6 -1.4 -16 2.8 21.4 -7.4 -2 -14.4 3.6
week 4
86 56 63 49 69
20.80
-7.27
-2.15
-14.13
2.87
Monday Estimated average daily variation Adjustment to reduce total variation to 0 Final estimate of average daily variation The trend rose 20.8
Tuesday -7.27
Wednesday -2.15
Thursday -14.13
Friday 2.87
-0.024
-0.024
-0.024
-0.024
-0.024
20.776
-7.294
-2.174
-14.154
2.846
4.00
daily rise
0.267
Week 5 prediction
Seasonal variation 20.8 -7.27 -2.15 -14.13 2.87 Rounded prediction 86 58 64 52 69 100 90 80 70 60 50 40 30 20
20 10 0
Business Decision
forcast week 5 seasonal: bien dong ntn Moving average: dien ta xu huong (trend) short-term (MA 5 days)--> xu huong ntn
Monday 81
86 68 50 56 63 49 Series1 69
-0.12
0.8 65.4
6.541
Friday 68
Monday 86
Thursday Friday 52 69
Task 2
(outcome 4a)
Students should point out some information processing tools appropriate to management levels: spreadsheet, email,
Review existing management information systems within Big C and suggest appropriate improved information proc (outcome 4a, M1 & M2 consideration)
Students should explain what is MIS? And provide list of some MIS (examples should be added, i.e OAS: email, M ESS, DSS, OAS, TPS, etc. as well as relevant management levels (strategic, tatical and operational) (M1 & M2)
Student has to review existing management information systems within Big C based on searched information and fi
Student is required to suggest appropriate improved information processing tools for operational, tactical and strateg
opriate improved information processing tools for operational, tactical and strategic levels of Big C
ould be added, i.e OAS: email, Microsoft word,.) such as and operational) (M1 & M2)
Task 3
(outcome 4b)
Review and evaluate the existing inventory control systems in Big C. Use examples in answering the question. (outco
Demand reorder timing = FIXED ORDER POINT Perpetual inventory Periodic Review System ABC analysis Pareto Review & evaluate the existing inventory control systems in Big C. Use examples in answering the question. Students have to use field trip information to answer this question, for example: line of products: 5 (soft, hard, FMCG, fresh, home) ways of storage, location, ordering, outstock, how to solve damaged or out of date goods, goods as gift - not consider inventory of electronics, fresh products (An Lac whs)? DHL warehouse? evaluate inventory methods of Big C: good or not, why?
BIG C Supermarket various categories of products such as food, fresh food, frozen food; elec BIG C should base on the characteractics of these products to choose which relevant methods of inv
Student must draw valid conclusions related to real inventory of Big C & suggest suitable inventory methods for each
ng the question.
od, frozen food; electronic products, cosmetic, etc. vant methods of inventory
Task 4
(outcome 4c)
Prepare a spreadsheet to enable material requirements planning and calculate economic order quantities. You have to
4.1. 4.2.
Prepare a spreadsheet to calculate economic order quantities, explain what it is and how to reduce costs of ordering, c Prepare a spreadsheet to enable material requirements planning 1. List detail information of components provided by each supplier 2. List detail information of components used for each product 3. List detail information of components on order 4. List detail information of components on free stock
4.1.
Prepare a spreadsheet to calculate economic order quantities, explain what it is and how to reduce costs of ordering, c You are now responsible for sales of detergent products, and is desperately seeking ways to improve profitability. Yo
Min order quantity Quantity inc Sales Order cost Store cost Holding Package Price 175.00 Order quantity orders ordering cost av stock 25.00 175 20.6 61,714,285.7 87.5 3,600.00 200 18.0 54,000,000.0 100 3,000,000.00 225 16.0 48,000,000.0 112.5 375,000.00 250 14.4 43,200,000.0 125 0.25 275 13.1 39,272,727.3 137.5 300 12.0 36,000,000.0 150 1,500,000.00 325 11.1 33,230,769.2 162.5 350 10.3 30,857,142.9 175 375 9.6 28,800,000.0 187.5
D P C V
5,400,000,000.00
57,600.00 240.00 nhung phai lam tron 250 vi cu 25 packages thanh 1 thung to
explain what it is EOQ, meaning of EOQ for Big C and how to reduce costs of ordering, costs of stock holding (M3, D1 & D2 co
students have to express formulae to calculate EOQ without spreadsheet; explain meaning of each terms in spreadsheet above students have to provide spreadsheet (not only identify EOQ by formalae) => D2 students have to explain how to reduce costs of ordering, costs of stock holding => D1
4.2.
part number product A001 A A002 B A003 A A004 D A005 E A006 C A007 C A008 C A009 E A010 B A011 B A012 A A013 A A014 C A015 D A016 D A017 A A018 A A019 B A020 A A021 D
quantity 1 5 5 3 9 7 2 6 9 3 2 3 7 4 7 4 3 1 5 5 3
in stock 371 33 206 176 172 328 13 253 284 435 295 40 23 296 432 416 463 371 33 206 176
re-order level free stock 160 40 60 90 120 150 10 60 90 100 110 190 120 110 40 100 150 160 40 60 90
re-order quantity 400 100 150 225 300 375 25 150 225 250 275 475 300 275 100 250 375 400 100 150 225
1. List detail information of components provided by each supplier 2. List detail information of components used for each product 3. List detail information of components on order 4. List detail information of components on free stock
Students have to provide original spreadsheet and provide 4 spreadsheet based on 4 requirements above
mic order quantities. You have to use spreadsheet facilities to do this task (this spreadsheet has to be included in your assignmen
how to reduce costs of ordering, costs of stock holding ways to improve profitability. Your attention has been drawn to themes of reducing costs of ordering, costs of stock holding and
store cost total 32,812,500.0 94,526,785.71 37,500,000.0 91,500,000.00 42,187,500.0 90,187,500.00
46,875,000.0 51,562,500.0
56,250,000.0 60,937,500.0 65,625,000.0 70,312,500.0
90,075,000.00 90,835,227.27
92,250,000.00 94,168,269.23 96,482,142.86 99,112,500.00
thanh 1 thung to
ts of stock holding (M3, D1 & D2 consideration) of each terms in spreadsheet above, meaning of EOQ => M3
on order
suppliers SP50 100 SP36 SP88 SP36 SP50 SP84 SP27 SP36 SP88 SP20 SP36 475 SP36 300 SP27 SP50 SP84 SP41 SP88 SP50 SP36 SP88 SP36
rements above
be included in your assignment and soft copy. (outcome 4c; M3, D1 & D2 consideration)
ring, costs of stock holding and improving efficiency. Basic calculations show that the average cost of placing an order is VND 3
cing an order is VND 3,000,000. The cost of holding stock is estimated as 25% (0.25). The annual demand for this product is 3,5
d for this product is 3,500 packages with the price of VND 3, 000, 000 per package. The minimum order quantity is 175 package
quantity is 175 packages ( The sales over a four-week period has been as follows:
Task 5
1. Prepare a project plan for an activity and determine the critical path The manager would like you to establish
1.1.How to draw the network diagram. 1.2.What are the paths through the network? 1.3.What is the critical path, and what is its duration?
Students have to draw the network diagram and then identify: Earliest event time, latest event time Paths Critical path & duration
Use financial tools - discounted cash flow and internal rates of return (IRR function) - to evaluate the financia
Cash flow ()
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 (4500) 2000.00 2700.00 5900.00 2600.00 2700.00
PV ()
-4500.00
The discount factor in this case is 9%. Is this a worthwhile project? Why?
Students have to evaluate the financial viability of this investment: NPV > 0 => cash inflow > cash outflow => profit
The manager wants you to calculate the Internal Rate of Return for the organisations other new project: Project costing - 2300 Cost 2300.00 Returns: Year 1 900.00 Year 2 1400.00 Year 3 1050.00
Profit 2* Try to find (profit)/ I by using (3*cost formula ) I2 I1 Then calculate IRR by formalae
3350.00 1050.00
0.30
Try i1
-2300.00
I2 0.15
NPV 1 -301.37
NPV 2 231.60
15%
Cash flow
Year 0 Year 1 Year 2 Year 3 -2300.00 900.00 1400.00 1050.00
-2300.00
IRR
0.215182754
21.50%
0.065182754
cash outflow => profit, feasibility. If students' evaluation is so heavy, really worthy => D1
Task 7 (3c)
Prepare a business presentation using suitable software and techniques to disseminate information effectively
Students are asked to present their report using suitable software and techniques to disseminate information effective
present their assignment results add this PPT into their assignment criteria of PPT to be awarded outcome 3 c & M3: outline, clear content, brief information, figure + pictures + tables are encourag
1.
Produce an assignment planner, and hand it in within one week of hand out (D2 consideration)
Your action plan with time schedule and activities should be discussed with tutor as more detail as possible. Any cha assignment planner has to be included in you final assignment version as evidence to consider D2 criteria.
Partial assignment has to be submitted to Tutor based on time schedule as evidence to consider D2 crit D1 & D3 Consideration
D1 Consideration EVALUATE your work which parts are effective? What are the limitations in your work? What were the deviatio
D3 Consideration
In your opinion, whether inventory control systems in Big C are suitable and effective, giving reasons for your judgem
M, D criteria awarded only when all sub criteria (M1, M2, M3, D1, D2, D3) required in each above task achieved
each sub criteria awarded when more than 50% subcriteria achieved (i.e: M1 (task 1, task 2, task 3, task 4 => task 1,
nsideration)
ail as possible. Any changes of plan should be reported to tutor. This D2 criteria.
What were the deviations from your original plan, and how did you correct these?
reasons for your judgement. Propose recommendations based on this field to support CEO in decision making for controlling
making for controlling effectively inventory level to minimise inventory costs & satisfy customers demand