Storplus Warehouse: Strategies for Continuous Business Development

This report assesses Storplus Warehouse's strategies for continuous development, addressing rising expenses and revenue challenges. It proposes implementing systems and processes like customer data management and enterprise resource planning, alongside team-oriented strategies involving regular discussions and feedback. Effective data management and resource allocation, including understanding customer demand through information systems, are emphasized. The report also highlights stakeholder communication through periodic meetings and newsletters, as well as mentoring and coaching programs for employees. Knowledge management through databases for customer expectations and production processes is crucial for evaluating historic data and analyzing trends. Ultimately, the successful implementation of these systems aims to enhance the prospects of employees, customers, and resources, leading to effective management and improved performance.

Assessment 1:
Storplus Warehouse
Towards continuous development

Introduction
• Storplus in the recent years have witnessed growth in expenses
• Expenses have grown 15% above estimates
• The company has also experienced lesser revenue rise on estimates of just 5%
• There is a need to implement strategies for working together towards success

Implementation of systems and
processes
• Customer data management system
• Enterprise Resource planning system
• Enterprise Resource management
system
• Employee data and performance
management systems

Team oriented strategies
• Teams will be managed by team leaders and assistant team leaders
• Teams will engage in discussion sessions regularly
• Leaders will give personal and group feedbacks
• Team members will be able to give personal feedbacks and recommendation through
systems
• Work health and safety strategies will be informed to workers

Team oriented strategies
• Effective data management strategies will be used
• Employee data will be communicated through efficient channels
• Data will be tallied against required and achieved parameters
• Employees will be properly explained of the parameters
• Incentives and reward systems will be employed

Resource management
• Enterprise Resource planning and management will be implemented
• Integrated database of all essential functional aspects of the organization will be utilized
• Single management system for diverse range of functions are to be used

Resource management
• Resource management will help to understand customer
demand
• Customer information management systems will be used to
gather demand information
• In accordance with the information gathered the best
progress plans will be implemented
• The resources will be gathered, processed and developed
according to the customer requirements

Stakeholder communications
• Periodic meetings will be held
• Annual reports will be published
• Employees will be provided mails in regards to the expected and actual
progress
• Customers will be informed of the product offering and positive changes
within the organization
• Newsletter, posters and emails will be sent according to the requirements
• ICTs will be utilized in various ways

Mentoring and coaching
• Training for the new employees
• On job training process
• Mentoring the employees for accepting new processes
• Team leaders mentoring the members
• Regular systems briefing sessions

Knowledge management
• Databases will be created of the customer expectations and
changes
• Databases will be created for recording the data of the
production process
• Databases are to be sent to various departments across the
organization
• Data management will be done for evaluating historic data
• Customer requirement trends will be analyzed

Conclusion
• The implementation of the systems will be done towards
effective management of various functions
• The systems will be used to enhance the prospects of the
employees, customers and resources