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Opportunities
The first tasks to be completed should be the ones that use few resources and yield high returns.
Instructions
Top Opportunities
Opportunity
Dept.
Description
Resources
Return
Priority
EV?
Inventory Planning
🏦 Operations
Establish a culture of planning inventory before buying the products
Low
High
Very High
KPIs for Receiving
🏦 Operations
Create a KPI for receiving following a similar template that was used to shipping
Low
Medium
High
Improve the Office Material purchase planning
🏦 Operations
Build a inventory of office supplies (office paper/labels/soap/paper towel/etc...) to avoid stock-out
Low
Medium
High
Improve IT infrastructure
💻 IT
More reliable internet/printers; spare parts and computers
High
High
Medium
On going training schedule
👷 HR
Define a training calendar so the team member can prepare upfront
Low
Low
Medium
EPR System up and running
💻 IT
Deploy an ERP system that will connect multiple depts making the company more efficient
High
High
Medium
Cost of Holding Inventory
🏦 Operations
Calculate the cost of having a product in the warehouse without selling
Medium
Medium
Medium
CLV & CAC
🔮 Marketing
Calculate Customer Lifetime Value and Customer Acquisition Cost to make better spending decisions
Medium
Medium
Medium
Explore new Sales Channels
🔮 Marketing
The company should diversify its points of sales and marketing to decrease the risks
High
High
Medium
Financials KPIs
💰 Finance
Create a financial KPI that will track the performance along the year
High
Medium
Low
Track Overstock Inventory
🏦 Operations
Use a system to keep track of the overstock inventory quantity to increase efficiency
High
Medium
Low
Establish a Kaizen & Six Sigma Culture
🏦 Operations
Train team member on manage better resources and outputs
High
Medium
Low
Improve the Quality Log
🏦 Operations
Create a simplified Quality Log to keep track of the issues while minimizing the input time
High
Low
Very Low
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