ASSESSMENT $2$

Question $1$

Develop a business plan $($according to the textbook outline$)$ for an Innovative product

or service. This product or service must be of $4$IR in nature $($Fourth Industrial

Revolution$).$ You have to apply industrial engineering tools and or methodologies.

NOTE: Businesses such as hair salons, laundry, chisa$-$nyama, car washes, loan sharks, etc. are not

permitted. Please ensure that your business solution is technologically aligned. You can design a

product from scrap material, recyclable into reusable products that can be sold at cost$.$

Assessment $2$ will cover the following aspects of the business plan:

EXECUTIVE SUMMARY

COMPANY PROFILE $/$ BUSINESS DESCRIPTION

PRODUCTION $/$ OPERATIONS PLAN

$3\mathrm{.}1$PRODUCTION PROCESS$/$ OPERATIONS

$3\mathrm{.}2$LOCATION ADVANTAGES

$3\mathrm{.}3$CAPITAL EQUIPMENT.

$3\mathrm{.}4$PERSONNEL

$3\mathrm{.}5$ QUALITY CONTROL

Question $2$

Present the business plan to the Industrial Engineering and Innovation panel by

August $2024.$ Dates have been scheduled.

Presentation time is $15$min per student via Ms TEAMS

Check your calendar to avoid missing your slot.