This document discusses the digital revolution in the context of Shirt City, a manufacturer of custom-made shirts. It covers topics such as operational costs, quote distribution, and production decisions.
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Running head: UNDERSTANDING THE DIGITAL REVOLUTION: SHIRT CITY Understanding the Digital Revolution: Shirt City Name of the Student Name of the University Authors note
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1UNDERSTANDING THE DIGITAL REVOLUTION: SHIRT CITY Task 0 Shirt Citywhich is the manufacturer of shirts and specializes in designing custom made andone-of-a-kind shirts sells their products against the requests through their online store. Three employees of whichCelestine deals with the orders, sales and delivery. On the other hand, other two employees Amy and Bhavneet work together in the manufacture section. In the event that the client affirms their request, Amy and Bhavneet fabricate the arranged items, and Celestine sorts out the delivery of the projects. Task 1 In the following section the cost for the three employees along with the replacement worker for four days is also considered while calculating the totals operational cost for Shirt City. Along this lines the annual operating cost for the business also includes the Annual utility cost of $ 3,120 and the insurance cost of $9100.According to the provided information Amy works (3*7.5) 22.5 hours in a week (working on Mondays, Tuesdays and Wednesdays), Bhavneet works 15 hours in a week(works on Thursdays and Fridays) and Celestine works 22.5 hours every week. Name of the Staff Days’ work on Week ly work ing days Worki ng time (in hours) Total workin g hours weekly Extra Hours working every week Total Workin g hours every week Hourly Rate w ee kl y p a y a bl e Ye arl y pa yb le AmyMonday, Tuesday and Wednesd ay 37.522.5325.5$ 26.00 $ 6 6 3. 0 $ 34, 47 6.0 0
2UNDERSTANDING THE DIGITAL REVOLUTION: SHIRT CITY 0 Bhavn eet Thursda y, Friday and Saturday37.522.5022.5 $ 26.00 $ 5 8 5. 0 0 $ 30, 42 0.0 0 Celesti ne Monday to Friday54.522.5325.5 $ 24.00 $ 6 1 2. 0 0 $ 31, 82 4.0 0 Replac ement worker73.5 $ 39.00 $ 2, 8 6 6. 5 0 $ 11, 46 6.0 0 Fixed Costs Insura nce Cost for Busine ss $ 9,1 00. 00 Utility Cost (Every Month ) $ 260.00 $ 3,1 20. 00 Total Operat ing Cost $ 1,2 0,4 06. 00 Task 2 From the given excel sheet the frequency of the quote values among different ranges are depicted in the following chart.
3UNDERSTANDING THE DIGITAL REVOLUTION: SHIRT CITY Frequency 0102030405060708090100 Distribution of quote 720-800 640-720 560-640 480-560 400-480 320-400 240-320 160-240 80-160 0-80 count of quote Value Range From the above chart, it can be easily stated that most of the orders are placed with the quote range of $80-160 which is total 87 orders. The next range is 160-240 in which only 56 orders are placed. Minimum number of orders are placed for the quote range 720-800 price range (only one order). MonTueWedThuFri 0 5 10 15 20 25 30 35 40 45 50 4240 47 3945 Distributions of quotes on Weekdays Axis Title Axis Title From the given dates, through the use of the “TEXT ()” Formula the day’s columns are generated and day wise quotes are compared as depicted in the above chart. The TEXT function lets you change the way a number appears by applying formatting to it with format
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4UNDERSTANDING THE DIGITAL REVOLUTION: SHIRT CITY codes. The “TEXT ()” function is considered as useful in the scenarios where it is required to display the given numbers in different format. This function is also useful in combining numbers with different text/symbols. From the chart it can be easily said that maximum orders are booked on Wednesday. The second highest day with quote values is Friday.The following is the profit compared to the different days. The highest share of profit is generating on the Wednesday.On the contrary to the quote trend, the second highest profit was recorded on Tuesday.The lowest share of profit is recorded on the Monday and Friday. Mon 22% Tue 24% Wed 26% Thu 14% Fri 14% Sum of profit by Weekday Mon Tue Wed Thu Fri Task 3 The following table is created in the accompanied excel sheet in which through the use of the Data validation and “Define Name” option the options are generated for the employees of the Shirt city. As shown in the below table, the employees will be able to select the size and the material according the requests of the customers. In order to automate the quoting process, the “AVERAGEIFS” Function is utilized in order to match with the multiple conditions and based on the historic recorded sales value the employees can easily get the profitable quote price.
5UNDERSTANDING THE DIGITAL REVOLUTION: SHIRT CITY The “AVERAGEIFS” function is used in order to automate the process of quoting as it will enable the employees of the organization generate a quote value that are relevant with the previous orders with the similar size and material for the hat. Select Size of the ProductS Select Material for the ProductWool Suggested Quote Price139 Task 4 In order to automate the production decision depending on the availability and popularity of the shirts, the following table is created in the excel file. Select Material for the ProductWool Select Size of the ProductL Suggested Quote Price156 Select PopularityPopular Select Inventory Status Not Available Production DecisionStart Here. Along with the previous options the two new options are added and the employees will be able select the options right beside the gold coloured columns.