OPERATIONS MANGEMENT PROJECT- NEW BUSINESS Assignment

OPERATIONS MANGEMENT PROJECT- NEW BUSINESS - Assignment Example The company will first target supermarkets and large retail stores and building management business so as to establish a solid base of clients in Dubai. TESCO Security Company will carefully increase its employee base of security guards, basing on the contracts of clients, and employ both part-time and full-time security guards. The business anticipates good amount of sales during the first one year, and almost double by the end of the third year. Gross margins will be same to the average of the industry, basing on the security guard labor costs vs. billings. After launching the initial investment, a lean first year, and the formation of a training space and office in the second year, the company will be on the edge of expanding through its own internal source of finance after the end of three years. After the business is proved to be successful in other cities, the business may sell its shares to provide an exit strategy for the original founders and investors. TESCO Security will eliminate worries for customers who needs security guards for their facilities, buildings, and events by offering excellent customer services for customers and comprehensive training for their staff Intrinsic forecasting technique ­- comprises of qualitative and quantitative methods. In qualitative method, forecasting is based on subjective method in case of qualitative data is absent. It is based on opinions, best guesses and personal judgment. Contrary, quantitative forecasting is based on formulas and mathematical models. This model believes that what happened in the past will likely happen in the future. The ability to carry out accurate forecasting affects the profitability of our business. Furthermore, the ability to enhance the demand forecasting for client demand then sharing the information downstream allows effective arrangement and

Health and Quality Care Administration Essay Example | Topics and Well Written Essays - 1750 words

Health and Quality Care Administration - Essay Example Customer focus contributes to CQI because it emphasizes on the satisfaction of the customer in assessing the performance of the institution. The customer usually has high expectations of quality in healthcare service, and focusing on them in order to measure the performance of an institution is a sure way of establishing CQI. In order to assist in establishing CQI, systems view takes into consideration the entire system or process that gives the service or affects the results in the CQI process. It takes a holistic view of the system and determines where improvements need to be made in order to reach CQI. Data driven or evidence-based analysis contributes to CQI in the sense that it focuses on objective data in order to establish the status of the institution. It focuses on what the institution actually did or did not do to assist or deter it from establishing CQI. Implementer involvement takes into account the executors and owners of the system in order to understand the delivery of services. Through this element, the people involved in the implementation of the system are assessed on their role in reaching CQI. In establishing CQI, multiple causation takes into account all possible causes of phenomena seen in the institution. Through this element, it is possible to determine the causes of problems in an institution in order to ultimately avoid encountering these same problems in the future. Solution identification helps establish simultaneous improvements to what would have been independent functions in the system. Through solution identification, problems in the implementation of quality healthcare services which normally are diverse and independent of each other are addressed and solved as related items. In process optimization, precedents in the delivery of services are disregarded. Through this strategy, CQI is achieved because it