This document discusses the digital revolution in the clothing business and manufacturing at Suite Central. It covers topics such as operating costs, profit analysis, and the challenges faced by the organization. The document also provides insights into the quotation process and decision-making for manufacturing custom suits.
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Running head: DIGITAL REVOLUTION FOR SUITE CENTRAL Digital Revolution for Suite Central Name of the Student Name of the University Authors note
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1DIGITAL REVOLUTION FOR SUITE CENTRAL Task 1 Suit Central operates in the clothing business as well manufacturing of the cloths. The organization specializes in creating and delivering custom made one-of-a-kind suits for their customers. In order to calculate the total operating, cost the following factors and payables are calculated payable to the Augusta and Belle who work together in order to manufacture the custom made suits, as well as to Chris who manages orders and delivery. In addition to that, as provided, every staff is entitled with four weeks paid leave for which the organization will require a casual replacement worker at the rate of $39 per hour. Along with this, the utility cost, insurance and payable to the replacement worker for four weeks is also calculated. Suit Central StaffDay/ Hou rs/ Day Working Hours Extr a Hou rs Total Working hours Pay rate Pay/ WeekPay/Year Augusta Mondays, Tuesdays and Wednesda ys7.522.5325.5 $ 26.0 0 $ 663.00$ 34,476 Belle Thursdays and Fridays7.515015 $ 26.0 0 $ 390.00$ 20,280 Chris Every weekday4.522.5325.5 $ 24.0 0 $ 612.00$ 31,824 Utility Cost(At $260 every month)$3,120 Cost for Replaceme nt Worker60666 $ 39.0 0 $2,574 .00$10,296 Insurance Cost$9,100
2DIGITAL REVOLUTION FOR SUITE CENTRAL Total$109,096 Including all the payables the total operating cost is summed up to$109,096. Task 2 For investigating the order information provided in the given past sales data, at first the profit is measured by subtracting the manufacturing cost from the quote value. At first the average profit from each staff at the organization is measured and calculated. Plotting the average profit on the bar chart, the following chart is generated. AugustaandChris BelleandChris 020406080100120140160180 Average of Profit by Staff Total Average Profit Staff From the above chart, it is clear that Augusta and Chris have generated provided better average profit compared to the Belle and Chris. In the next chart the profit from different materials used for the suit is calculated.
3DIGITAL REVOLUTION FOR SUITE CENTRAL CottonLeatherSilkTweedWool 0 2000 4000 6000 8000 10000 12000 14000 2389.3 4867.4 12512.4 1515 6938.9 Sum of Profi tby Material From the above chart, it is evident that maximum profit is gained from thee Silk based suits. The following chart depicts the sum of Quote amount by the three staffs of the organization. From the representation of the bar chart, it can be stated that Augusta quoted three times more than the total quote amount of Belle and Chris. AugustaandChris BelleandChris 050001000015000200002500030000 Sum of Quote amount by Staff
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4DIGITAL REVOLUTION FOR SUITE CENTRAL Task 3 As there are five distinctive kind of materials and six unique sizes for the clients to choose from for their custom suits; in this way, it makes the quotation process an tedious job for the staff of the Suite Central in quoting a value for every custom made order while keeping mind the profit of the association over the cost of the manufactured item.
5DIGITAL REVOLUTION FOR SUITE CENTRAL MaterialWool SizeS Quote for Suite128 As shown in the above table from cells beside the Material and Size the staff of Suite central will be able to select the mentioned attributes and finally the Cell aside of the blue marked cell “Quote for Suite” will provide an automated quote. Task 4 As a small company with the in house manufacturing unit the Suit Central should be specific to begin the manufacturing of the Suits. it must think about the prominence of the ordered suit and in addition the stock availability of the item. By making the manufacturing process decision automated that relies on the prominence and ordered suit can be utilized in an enhanced way so that the regardless of whether the manufactured product is not picked by the concerned client along these lines being a popular item the item can be sold to another client while enhancing the business revenue. MaterialWool SizeS Quote for Suite128 Select PopularityUnpopular suite Select Stock StatusNot in Stock Decisiondo not start manufacturing of Suite
6DIGITAL REVOLUTION FOR SUITE CENTRAL Bibliography Hartmann, B., King, W. P., & Narayanan, S. (2015). Digital manufacturing: The revolution will be virtualized.McKinsey Quarterly, Aug. Helbing, D. (2019). Societal, economic, ethical and legal challenges of the digital revolution: from big data to deep learning, artificial intelligence, and manipulative technologies. InTowards Digital Enlightenment(pp. 47-72). Springer, Cham. Lamberton, C. P., & Stephen, A. T. (2015). Taking stock of the digital revolution: A critical analysis and agenda for digital, social media, and mobile marketing research. Zysman, J., & Kenney, M. (2018). The next phase in the digital revolution: Platforms, automation,growth,andemployment.CommunicationsoftheAssociationof Computing Machinery.