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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?
1
Inventory Planning
🏦 Operations
Establish a culture of planning inventory before buying the products
Low
High
Very High
2
KPIs for Receiving
🏦 Operations
Create a KPI for receiving following a similar template that was used to shipping
Low
Medium
High
3
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
4
Improve IT infrastructure
💻 IT
More reliable internet/printers; spare parts and computers
High
High
Medium
5
On going training schedule
👷 HR
Define a training calendar so the team member can prepare upfront
Low
Low
Medium
6
EPR System up and running
💻 IT
Deploy an ERP system that will connect multiple depts making the company more efficient
High
High
Medium
7
Cost of Holding Inventory
🏦 Operations
Calculate the cost of having a product in the warehouse without selling
Medium
Medium
Medium
8
CLV & CAC
🔮 Marketing
Calculate Customer Lifetime Value and Customer Acquisition Cost to make better spending decisions
Medium
Medium
Medium
9
Explore new Sales Channels
🔮 Marketing
The company should diversify its points of sales and marketing to decrease the risks
High
High
Medium
10
Financials KPIs
💰 Finance
Create a financial KPI that will track the performance along the year
High
Medium
Low
11
Track Overstock Inventory
🏦 Operations
Use a system to keep track of the overstock inventory quantity to increase efficiency
High
Medium
Low
12
Establish a Kaizen & Six Sigma Culture
🏦 Operations
Train team member on manage better resources and outputs
High
Medium
Low
13
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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