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Operation plan
The operation plan has progressively shortened as more companies outsource nonvital aspects of their production. For a service company like Lazybones, on the other hand, the operations plan tends to be more detailed as it shows how the company provides its service to the customer. Figure 7.1 illustrates the main sections of the operations plan. The key in this section is to articulate operational competitive advantages and address how operations will add value to yours customers.
Further-more, the section details the production cycle, allowing the entrepreneur to gauge the cycle’s impact on working capital. The “cash conversion cycle” is always a point of concern for a start-up. For instance, when does the company pay for inputs? How long does it take to produce the product? When does the customer buy the product and, more importantly, when does the customer pay for the product? The time from the beginning of this process until the product is paid for will drain cash flow and has implications for financing.
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รบกวนพี่ๆที่เก่งภาษาช่วยหน่อยค่ะ
Operation plan
The operation plan has progressively shortened as more companies outsource nonvital aspects of their production. For a service company like Lazybones, on the other hand, the operations plan tends to be more detailed as it shows how the company provides its service to the customer. Figure 7.1 illustrates the main sections of the operations plan. The key in this section is to articulate operational competitive advantages and address how operations will add value to yours customers.
Further-more, the section details the production cycle, allowing the entrepreneur to gauge the cycle’s impact on working capital. The “cash conversion cycle” is always a point of concern for a start-up. For instance, when does the company pay for inputs? How long does it take to produce the product? When does the customer buy the product and, more importantly, when does the customer pay for the product? The time from the beginning of this process until the product is paid for will drain cash flow and has implications for financing.
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