Operations

Direct Materials Operating Plan

DIRECT MATERIALS OPERATING PLAN

Categories: Operations

Types of Business Policies

DEVELOPING YOUR BUSINESS POLICIES:

If you have just started out in business or have been in business for years, it's imperative to thoroughly develop company policies. A company policy is a rule or guideline, a company follows when faced with a particular problem or issue. The more situations or policies you develop, the smoother your business will operate.

Below lists a variety of areas where policies may be created.

Categories: Operations

Facility and Business Location

FACILITY AND BUSINESS LOCATION

The operating plan of your business plan should include a discussion on your planned facility and the business location. Topics of importance under the operating plan include the following items:

Categories: Operations

Operating Plan

OPERATING PLAN IN YOUR BUSINESS PLAN

The operating plan, whether simple or complex, should be explained to a lender so that they fully understand how the business will acquire its products and how it will make them ready for resale. Explaining this operating plan or production process should also make the business plan reader aware that the entrepreneur has the expertise to pass on the businesses' products or services to its customer base.

Categories: Operations

How to Select the Right Business Supplier

SELECTING THE RIGHT SUPPLIER:

Your first task to selecting the right supplier is to make a list of possible suppliers that can provide the products you intend to sell or manufacture. Your next step is to obtain as much information as possible on each supplier so that you can narrow your list and determine which company can best meet your needs.

The best place to find suppliers is through Manufacturer and Wholesale Directories.  The five most common Manufacturing Directories are:

Categories: Operations

Operating Plan Time Line

OPERATING PLAN TIME-LINE:

Categories: Operations
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