Project Title: Inventory and Purchasing Control
Grand Trunk
| Details | |
|---|---|
| Project Title | Inventory and Purchasing Control |
| Project Topics | Purchasing, Logistics, Supply Chain Reporting, Financial Planning & Analysis Sales & Business Development |
| Skills & Expertise | |
| Project Synopsis: Challenge/Opportunity | Inventory purchasing, forecasting, creating a system to help trigger reorders across different types of sales channels. i.e. D2C, small and large retailers.
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| Project Synopsis: Activities/Actions Required | Making sense of data that can be inconsistent due to the difference in customers orders. Massaging data for orders, past orders, sales trends with customers, specific channels like website and Amazon.
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| Project Synopsis: Expected Results | System of reordering product that considers all the data points, multiple reports and information that is not consolidated and messy, understanding trends and outliers to help assist in qty to order. Keep inventory turns closer to 2 times a year, not hold excess, also not run out when it may be needed (Ideally, difficult but data can warn against over/under purchasing)
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Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
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Team Roles and Meeting Times |
Jan 17 2024, 23:55 PM US/Mountain (UTC-07:00) | Project Milestone |
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Student Pre-Kick-off Self-Assessment Form |
Jan 23 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Engagement Letter Draft |
Jan 24 2024, 23:55 PM US/Mountain (UTC-07:00) | Project Milestone |
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Submitted Fully Signed Engagement Letter |
Jan 31 2024, 23:55 PM | Project Milestone |
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Student Temperature Check |
Feb 02 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Complete a full Project Plan |
Feb 02 2024, 23:55 PM US/Mountain (UTC-07:00) | Project Milestone |
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Student Post-Engagement Peer Assessment Form |
Feb 02 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Industry Mentor Temperature Check |
Feb 28 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Midterm Project Report |
Feb 28 2024, 23:55 PM US/Mountain (UTC-07:00) | Project Milestone |
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Student Post-Engagement Peer Assessment Form |
Mar 04 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Student Temperature Check |
Mar 04 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Student Temperature Check |
Mar 25 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Industry Mentor Temperature Check |
Mar 25 2024, 23:55 PM US/Mountain (UTC-07:00) | Evaluation |
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Create a Final Written Report |
Apr 02 2024, 23:55 PM US/Mountain (UTC-07:00) | Project Milestone |
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Create a Final Presentation Document |
Apr 05 2024, 23:55 PM US/Mountain (UTC-07:00) | Project Milestone |
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Invitations sent to all invitees to the Final Report meeting |
Apr 08 2024, 23:55 PM US/Mountain (UTC-07:00) | Project Milestone |
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Company Sponsor Project Evaluation |
Apr 11 2024, 23:55 PM US/Mountain (UTC-06:00) | Evaluation |
Program Managers
| Name | Organization |
|---|---|
| Roger McCarty | Brigham Young University (BYU) |
Teams
| Team Name | Project Name | Team Members |
|---|---|---|
| Grand Trunk Inventory Control | Inventory and Purchasing Control |