Objective: As you continue to work on your project, remember that there should be more involved in the process of turning the raw materials into finished products to get into the consumers hands. Present

Suggestion: Use topics as: flow time, flow rate measurements, process capability ratios, demand forecasts and forecast errors, performance variability, analysis of variability, total quality management, Explain that in the business processes, inventory; flow units vary with respect to their cost, quality, and flow times.

Project:

What is the product and process?

The business for the project is a personal-care company that produces personal-care products. Our new product that will revolutionize the industry is called "lueur divine". This product considers all the environmental factors, mood, stress, pH among others to formulate the ideal facial serum. The process consists of utilizing a combination of dermatology variants and relevant data to decipher individual skin needs.

What are the inputs and outputs?

The main inputs are salicylic acid, rosehip seed oil, collagen, argan oil, Vitamin C extracts, hyaluronic acid. On top of that lies the revolutionary part of our product: We have created an app to find information on the individual consumer's skin type and add inputs to our serum for better personalization and give the best to that individual's skin. Stored in their system and used to decipher changes in the formulation of the next serum purchased. As output, our revolutionary facial serum "lueur divine"

What type of customer involvement (negative and positive) do you think might impact this companys process? Provide your reasons.

Customer's involvement in taking care of their skin will certainly help the conditioning of the serum improve. Is evident that we meet the idea of individual care. It will help to brand the product easier. One negative aspect related to it is the variable production costs that we have to undertake while keeping the price of the product to a reasonable level.

Project Instructions.

Imagine you are an owner of a small business. You have the desire to become more competitive in your industry. As such, you have implemented a new product that you believe will revolutionize the industry, thereby giving you the edge over your competitors.

In this project you are to provide a detailed analysis of this operational process in relation to the success of this venture, and ultimately your business.

Project Structure.

First, you are to provide a brief introduction of your company. By doing so you are to state the type of company, amount of employees, the organization hierarchy (CEO, Vice Presidents, Directors, etc.), geographic location, and the segment of the market that you serve. After that introduction you will then incorporate the following into your project:

(1) What is the product to be introduced?

(2) Using Porters competitive advantage strategies, discuss the strategic Positioning for your company.

(3) Develop the network for the planning and development (construction) of the new product. Be sure to include a process flow chart.

(4) What will be the inputs and outputs?

(5) What is your inventory? What is the throughput? In this section you are to provide a brief discussion and also calculations.

(6) What is the critical path, and how long is the project expected to take?

(7) Provide a brief discussion on your expected cash to cash cycle. Create an excel spreadsheet (you many use MS Word, if you do not have Excel) showing a simple cash to cash cycle. Be sure to show the calculations. The spreadsheet is to be an attachment at the end of the paper.

(8) Provide a discussion of your product mix, now that you have decided to add this product to your company. What type of product mix is this?

(9) Based on your knowledge of forecasting, end this project with a discussion of your expectations for the success of this innovative venture.