Hi, need to submit a 1500 words paper on the topic The KFF’s Mission. The strategy will be executed in a phased approach and will initially focus on operational excellence. Once the company operations have been streamlined and costs have been reduced, we will proceed with the implementation and launch of the web-based Catering service. To achieve operational excellence, the SAP Business ONE solution will be configured and deployed in the organization. This all in one solution will allow KFF to manage its accounting and financials, purchasing and operations, and most importantly better manage its supply chain and product inventory. To reduce up-front and maintenance costs, the company will use the SAP solution on a monthly subscription-based model. This eliminates the required up-front capital and transforms it into a monthly operational cost. The chosen service provider is Attenda as it offers a fully managed hosted SAP Business One solution at a competitive price with 24×7 customer support.
The following table lists the actions, milestones, and tasks required to implement the strategic plan. Tasks with a duration of zero (0) days are milestones. For a Gantt with WBS chart please refer to the Microsoft Project plan posted with this document.
To efficaciously implement the plan, the following are the key success factors that must be considered a planning system, time, roadmap, environmental characteristics, strategic continuum, control, etc. With the proper planning system and road map, we can systematically implement project tasks in the right way in an effective manner. Thus, it is concluded that at the time of plan implementation, the company should consider each and every aspect related to the strategic plan.
The operational excellence initiative is projected to reduce operational costs and costs of goods by 10%. In addition, the new Catering service is projected to increase company revenues by 5% in addition to current initiatives for revenue lift. Based on the latest total net revenues from the income statement .revenue growth from the catering service alone would be rough of 540,000$.