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Improving Operational and Logistic Limitations of Globex Organization

   

Added on  2023-06-05

23 Pages6035 Words125 Views
Business DevelopmentFinanceLeadership ManagementProfessional DevelopmentData Science and Big Data
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Operation and Supply Chain Management
Improving Operational and Logistic Limitations of Globex Organization_1

Executive Summary:
The Globex Organization is facing problems in completing their undertaken project within
time and with efficiency. The aim of the project is to improve operational and logistic
limitation of the current working of the Globex organization by deploying new strategic plan
for the betterment of the enterprise. The scope of the project is to determine and evaluate the
limitation of the Globex organization in managing their resource planning, supply and
demand of resources, inventory management, quality of the end products, and logistics plan.
The tracking of the delivery system can be effectively improved by utilizing the concept of
Internet of Things (IOT). It is recommended to implement IOT architecture in the working
operational plan of the enterprise because the complexities which are faced by the Globex
organization in managing the logistics and supply chain program can be resolved by using the
technology of IOT.
Improving Operational and Logistic Limitations of Globex Organization_2

Contents
Executive Summary:..................................................................................................................1
1. Introduction.........................................................................................................................3
2. Project Aim.........................................................................................................................3
3. Project Objectives...............................................................................................................4
4. Project Scope......................................................................................................................4
5. Description of the current situation....................................................................................5
6. Possible solution.................................................................................................................6
Processes analysis and facilities layout:.................................................................................6
Logistics and distribution strategies.......................................................................................6
Estimation and Demand Forecasting......................................................................................8
Inventory management...........................................................................................................9
Distribution and warehousing.................................................................................................9
Performance measurement...................................................................................................10
Application of new technologies..........................................................................................10
Quality Management:...........................................................................................................11
Project Management.............................................................................................................11
7. Proposal of a new procedures or change..........................................................................11
8. Description of the new situation.......................................................................................13
9. Justification of Change.....................................................................................................14
10. Implementation plan......................................................................................................16
11. Conclusion and Recommendation.................................................................................19
12. References.....................................................................................................................20
Improving Operational and Logistic Limitations of Globex Organization_3

1. Introduction
Every organization looks forward in the direction of completing their project successfully and
increasing the turnover of the company. The development of the continuous improvement for
innovative policies and procedures helps in improving the operational capability of the
business. The flaws and gaps which exists in the current working environment of the
enterprise can be resolved by doing reviews and evaluation of feedback to analyse the
requirement of changes required in the logistics and operational plan of the enterprise (Mary,
Enyinna, and Franca, 2015). The logistics management system focuses on managing the
supply and demand of the members to meet their requirements and values. The visualization
of the inventory flow among the different sectors of the firm is the major concern to achieve
project success (Otieno, 2014). The logistic program focuses on managing and storing the
inventory, packing of the product, distribution of the product to the end users, and
transportation process. The development of the effective supply chain management system is
the key role for improving the better control on managing the flow of inventory. The long
term sustainability of the enterprise can be achived by developing effective model for the
supply chain management system. The efficiency of the operational plan can be effectively
enhanced by proper utilization of the resources. The productivity of the firm increases with
the development of provision plan to provide good quality services and facilities to the
customers.
The Globex Organization is facing problems in completing their undertaken project within
time and with efficiency. The quality of the end-products are decreasing due to the poor
management of operational plan, stakeholder association of the project, ineffective logistic
program, poor strategic plan, management of resources, and others. The owner of the
company is looking forward to design a new operational strategy which is helpful in
managing the resources to the construction site, operational working plan, logistic
management plan, better control of project activities, and others.
2. Project Aim
The aim of the project is to improve operational and logistic limitation of the current working
of the Globex organization by deploying new strategic plan for the betterment of the
enterprise.
Improving Operational and Logistic Limitations of Globex Organization_4

3. Project Objectives
The objectives of the project are as follows:
Evaluation of the problem domain exist in the current working of the operational plan
of the business organization
Analysing the limitation of logistic plan and resource management plan
Development of the project schedule for improving the strategic plan of the enterprise
Innovation in the operational and logistics plan of the business
Managing communication flow between internal and external stakeholders of the
organization
Analysing the efficiency of the supply chain management system
Designing of the new improved innovative supply chain and logistics plan
Development of Inventory management system
Development of quality standard and quality management plan’
Initializing performance indicators factors
Analyse the impact of change in operational strategy and logistic plan on the project
capability and output
4. Project Scope
The scope of the project is to determine and evaluate the limitation of the Globex
organization in managing their resource planning, supply and demand of resources, inventory
management, quality of the end products, and logistics plan. It is required to design an
innovative solution for the enhanced strategic planning to manage better control on inventory,
resource management, logistic control, communication management plan, and others.
In-scope activities
enhanced strategic planning
to manage better control on inventory
Resource management
logistic control
Communication management plan
Improved operational plan
Incorporating performance success factors
Development of effective stakeholder management plan
Improving Operational and Logistic Limitations of Globex Organization_5

Out-of scope activities
Training program required for improving the efficiency and effectiveness of the
working employees
Agreement with the contractor
Cost estimation plan
5. Description of the current situation
The Globex organization is facing problem in managing effective scheduling of the resources
and the inventory. The demand raised by the participating members was not fulfilled which
results in the delay of the project schedule which marks the project failure. The quality of
output is not produced by the working units due to the limitation of strategic plan and
operational plan of the enterprise. The profit and turnover of the company is getting
decreased at a faster rate due to the increasing market competition and excessive amount of
inventory wastage. The significant step and strategy is required to resolve the complexities of
the project (Monnappa, 2017). The failure of the project is majorly due to the inaccuracy in
information and data provided to the stakeholders, slower rate of operations, instability in the
completion of the project activities, increased growth of market competition, poor quality of
the product, and excessive amount of inventory wastage. The development of operational and
logistics management system for the improved and enhanced working capability of the
enterprise helps in improving the turnover of the company and providing better quality
products to the customers. The good provision of facilities, quality and services helps in
developing strong bonding with the customers. The traditional working of the enterprise is
facing complexities in designing the operational plan for the logistics system and
transportation of the resources at the time of need. The integrity in the forecasting the
requirement of supply and demand of resources is the failure in the current working scenario
of the enterprise. The changes required in the process schedule are not easy tasks to
incorporate in the operational plan of the enterprise. The complexities in managing the
resources induce chaos and conflicts in the working procedures laid down by the stakeholders
in completing their given tasks. The inefficiency of the business operational plan and project
schedule may affect the decision making capability of the project manager in enhancing the
work flow management system among the participating units.
Improving Operational and Logistic Limitations of Globex Organization_6

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