Building a Business Plan: Part $3$ The Management Team Component Provide evidence you have a management team with the necessary skills and experience to execute the business plan successfully. You should also describe the manufacturing and operations plan. Refer to the three chapters found in Part $3$ of the text: Chapter $6,$ Understanding the Management Process Chapter $7,$ Creating a Flexible Organization Chapter $8,$ Producing Quality Goods and Services The Manufacturing and Operations Plan Component Describe the manufacturing and operations plan, space requirements, equipment, human resources, inventory control, and purchasing requirements. Even if you are a service$-$oriented business, many of these questions may still apply. List advantages and disadvantages of the planned location in terms of wage rates, unionization, labor pool, proximity to customers and suppliers, types of transportation available, tax rates, utility costs, and zoning requirements. Chapter $8,$ should help in answering such questions as facilities requirements; make$-$or$-$buy decisions $($make sure you justify the make$-$or$-$buy decision$)$; potential subcontractors and suppliers; and issues related to quality control, inventory, and production. Document that there is a sufficient quantity of adequately skilled people in the labor force to meet the needs. Review of Business Plan Activities from previous sections and make revisions as necessary.