A2 Group Assignment 2: Project Plan – Due At End Of Week ✓ Solved

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A2 Group Assignment #2: Project Plan -- Due at the End of Week

Each group submits a full project plan that includes: A table that shows team member roles and responsibilities for the project as well as an estimate of how many hours that will be spent on each part of the plan (this is hypothetical, the team resources you WOULD NEED to actually implement the project). Other anticipated resources (equipment, facilities, monetary investments, etc.) A schedule of internal deadlines that your team plans to complete the project. An analysis of any risks the team perceives in accomplishing the project planning. A bibliography of any literature used to inform decisions.

Submit a comprehensive final project plan, including narrative text, describing the project, scope of work, plans, financials, and conclusions, with appropriate MS Excel worksheets and Project scheduling files attached as one professional report for grading.

Paper For Above Instructions

The advent of the COVID-19 pandemic has reiterated the critical need for efficient inventory management systems, particularly in the healthcare sector. This project plan outlines a structured approach to developing a robust inventory management system that not only enhances operational efficiencies but also addresses current challenges in supply chain disruptions. WAKSS Procurement and Logistics consulting agency aims to implement a system that maximizes customer value and builds a resilient supply chain capable of withstanding future shocks.

Project Definition

This project involves designing and implementing an inventory management system tailored for healthcare providers to mitigate supply shortages. The objective is to develop an integrated system enabling real-time data visibility, effectively managing stock levels, and ensuring timely delivery of essential medical supplies.

Team Roles and Responsibilities

The project will be executed by a dedicated team comprising project managers, supply chain specialists, IT experts, and inventory analysts. Each member will have defined roles, as follows:

  • Project Manager: Oversees project execution, ensuring timelines are met.
  • Supply Chain Specialist: Analyzes supply chain processes and develops improvement strategies.
  • IT Expert: Responsible for technology implementation and system integration.
  • Inventory Analyst: Monitors stock levels, conducts audits, and analyzes inventory data.

Resource Estimation

To successfully implement the inventory management system, several resources will be required:

  • Equipment: Software tools for inventory management, computers, and servers.
  • Facilities: Office space for team collaboration.
  • Monetary Investments: Budget allocation for technology acquisition and personnel costs.

Schedule of Internal Deadlines

The project will be divided into key phases, each with specified deadlines:

  1. Project kickoff – Week 1
  2. Requirements gathering – Week 2
  3. System design – Week 3
  4. Implementation – Week 4
  5. Testing and adjustments – Week 5
  6. Final review and submission – End of Week 5

Risk Analysis

Potential risks associated with the project include:

  • Unpredictable customer behavior: Fluctuations in demand may affect inventory levels.
  • Logistical challenges: Delays in transportation and delivery could affect system effectiveness.
  • Technological failures: Software malfunctions could disrupt operations.

To mitigate these risks, the team will employ robust communication strategies and ensure all stakeholders are engaged throughout the project.

Financial Overview

The initial budget will be defined, covering software costs, human resources, and operational expenses. Projections will be made for expected ROI based on efficiency improvements and cost savings from reduced stock-outs and overstock situations.

Conclusion

The proposed inventory management system will enhance the supply chain's resilience against future disruptions and improve service levels for healthcare providers. By implementing structured roles, timelines, and a risk management plan, WAKSS aims to deliver a comprehensive and effective system tailored for current and future needs.

References

  • Chiles, C. R., & Dau, M. T. (2019). An analysis of current supply chain best practices in the retail industry with Wal-Mart and Amazon's case studies. Doctoral dissertation, Massachusetts Institute of Technology.
  • Drakeley, P. (2020). Coronavirus series – Inventory management challenges & solutions. EazyStock.
  • Galea-Pace, S. (2021). Why is inventory management in the supply chain critical?
  • Laluyaux, F. (2020). How supply chains can embrace new technologies after COVID-19. World Economic Forum.
  • Lotz, M. (2018). Waterfall vs. Agile: Which Methodology is Right for Your Project?
  • Premier. (2020). Four ways technology can enhance your supply chain. Harvard Business Review.
  • Sharma, A. (2019). How are the complexities of Supply-Chain managed by Project Management?
  • Shih, W. (2020). Global Supply Chains in a Post-Pandemic World.
  • System. (2019). How to automate inventory management system to grow your business.
  • Kumar, R., & Mishra, R. S. (2020). COVID-19 Global Pandemic: Impact on Management of Supply Chain. International Journal of Emerging Technology and Advanced Engineering.

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