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Project description assume that you and your team members aim to establish a small or medium sized business (SME) with at least 2 tangible products and based on what you have learned do following tasks1 : Part 1  1. Introduce your business and its specifications.  2. Introduce your business products and their specifications.  3. Introduce your target customers.1 OPMT 620 Group Project You are supposed to complete this assignment in a group. This group project consists of different parts and each team should upload the parts by its team leader respectively. The group project assumes that each member of the group will be responsible for certain tasks of the project, but all the members of the group will be collectively responsible for its outcomes. In forming your Group, you and your fellow members should complete the following: 1. From up your Team. The team size should be 5-6 students. 2. Appoint a team leader. The team leader is responsible for coordinating team members and communicating with me. 3. Identify your business. Suppose you want to establish and conduct a small or medium service or manufacturing business with at least two tangible products. (You can find many business ideas on Vancouver Public Library website. https://www.vpl.ca). 4. Complete the Team Charter and email it to me. In team agreement you will introduce team member and team leader and group’s goal. 5. Develop a task list to complete team-project and do the project accordingly. Project description Assume that you and your team members aim to establish a small or medium sized business (SME) with at least 2 tangible products and based on what you have learned do following tasks1: Part 1 1. Introduce your business and its specifications. 2. Introduce your business products and their specifications. 3. Introduce your target customers. 4. Introduce your business surrounding industry and its global and local trends. 1 During this course you will be using the concepts from each chapter and incorporate them into your group project adding more and more as you progress through the course. https://www.vpl.ca/ 2 Part 2 1. Write a vision and mission statement for your business. 2. Identify values of your business 3. Analyze your business by SWOT analysis. 4. Define a 3-years strategic plan for your business. Part 3 1. Create a process flowchart for your production line 2. What would be the capacity of your operation and the break-even point for your business? 3. Balance your production lines based on your capacity and customer needs or your sales goals. Part 4 1. What is your inventory control method and discuss why you choose this method? 2. What is your inventory plan for different types of inventories? 3. Explain your supply chain and your supply-chain strategy. 4. How you evaluate your subcontractors and vendors and measure and monitor your supply- chain performance. Part 5 5. What is your method for aggregate planning? Identify your aggregate plan for next Summer for your products (at least two product) 6. Create your MPS and a BOM for your products. 7. Schedule the first week of this Summer based on your MPS. Explain your method and strategy. 3 Group Proje1. Create a process flowchart for your production line 2. What would be the capacity of your operation and the break-even point for your business? 3. Balance your production lines based on your capacity and customer needs or your sales goals. Production line flowcharts First step for our process flow chart is the prosses from seed to bean which is divided in two techniques wet processing and dry processing. As has been shown, the overall production (green beans) workflow involves the receipt of ingredients and processing workers from manufacturers, manufacturing, drying, hulling, cleaning, grading, polishing, sorting and bagging. NoQuality control Amendment Meet Q.C criteria Screening Green coffee Yes Grinding Roasting Cooling Equilibration Meet Q.C criteria Coffee roasting Mixing Yes Flavour NoAmendment Process Flowchart for coffee roasting The processing of coffee roasting follows the method described below: The green beans are measured and moved to storage hoppers using a belt or mechanical trolley. The green beans are delivered to the roaster from the storage hoppers. Roasters run at temperatures ranging from 370° to 540°C (698° to 1004°F), and the beans are roasted for anywhere from a few minutes to around 30 minutes. We can choose from flavor-enhancing options like cinnamon, nutmeg, lavender, cardamom, and more Extraction (Aroma extreaction) Grinding Roasting Green coffee Quality control Concentration Aroma Recovery Cooling Amendment No Meet Q.C criteria Drying Grinding secondary freezing Primary freezing Yes Meet Q.C criteria Yes Instance coffee Quality control NoAmendment Process Flowchart for instance coffee The processing of instant coffee follows the method described below. Green coffee is processed in a 5-8 column system with a cell capacity from a few kilograms until 1t with soft water. The process works semi-continuously, water at 160-180°C passing through the exchanger to the coffee from the removed cell to the one just filled with freshly ground, roasted coffee. Then cooled to 4-5°C in a heat exchanger and then sent into quality control. If we want to dry extract concentrates of 30 percent, we will lose a high degree of aromatic substance. We choose the sample with the extract concentrates of 50 to 60 percent for the drying part and mix with aroma or cold extract to achieve the 40\% concentration. In instant coffee processing, there are primarily two distinct methods of drying the extract: spray drying and freeze-drying. We choose freeze-drying, which includes primary and secondary freezing, grinding and drying. The Q.C. sections are the main part of our firm. In each area, if the Q.C rejects the quality of that sections product, it will go to the amendment section, and after amendment again, it will be checked by the Q.C. until Q.C accepts. References: Process flowchart. Sucden. https://Mission, Vision Statement and Values of the Business Business Surrounding Industry and its Global and Local Trends A cup of coffee can only be as good as the beans it was brewed from. We are passionate about sourcing high quality coffees and creating impact through our purchase. We take pride in our craft, small batch roasting, and are committed to serving up only the finest coffees that Vancouver and British Colombia have to offer. When you choose to serve our coffee, you bring unmatched coffee excellence to your customer’s cup, creating a memorable experience that empowers your brand. The best coffee in Vancouver, British Colombia doesn’t happen by chance. Our coffee is a result of many people’s hard work, from the inspiring farmers who produce the ripe cherries to the barista who pulls the perfect espresso shot. Our coffee is produced by professionals at every step of the supply chain, and support the livelihoods of everyone involved. Vision and Mission Statement of the Business Mission Statement Our coffee roaster serves a coffee that brings unmatched coffee excellence to the customer’s cup and create a memorable experience that empower our brand Vision Statement Linking coffee farmers, roasters and customers’ experience Values of the Business Creating an unforgettable coffee experience Customer oriented Taste in a quality Bringing unmatched coffee excellence Supporting the livelihoods of everyone involvedPart 2, Question 3: SWOT analysis for xxx Coffee SWOT Analysis for xxxx Coffee Strengths Weaknesses Opportunities Threats Strong financial base due to internally sourced capital from the 5 partners. Low barriers of entry into the market Development of new products, coffee trends, and varieties in alliance with the vendors Easy entrant into the market for other competitors High-quality products: Unique Aroma based on source Rich flavor and taste Many alternative or substitute competitive products Attract new customers with special offers and a loyalty program High product imitability  Focus on a strategic market or niche - Providing specialist but affordable coffee Strong existing competitors Build stronger customer relationships with the re-fillable bags/tins Availability and preference of other drinks/beverages Unique packaging with reusable bags and Tins - sustainability Storage of the ingredient is not easy Extension of product lines /ranges and expansion into new segments or geographies. Competitors targeting the same focus group of customers Advertising campaign to obtain good brand visibility e.g., refer a friend and get $10 Limited market share Build our brand awareness by introducing an app, selling online, or offline (wholesale or retail), and via coffee subscription Abilities of competitors to provide additional benefits to the customers Ethical sourcing based on fair trade and direct contact with the farmers Low brand awareness Foster relationships with people who influence others online - “influencers”. Underpriced products due to large competitors with history and more efficient processes Having an innovation culture with investments in systems and technologies   Outsource coffee delivery services Weak or ineffective bargaining power with the few suppliers Good corporate culture   Possibility of global expansion, with a multi-domestic strategy and franchise model Limited or low-profit levels       Poor customer reviews and ratings on websites Table: Oyeniyi M. (2020) SWOT Analysis for xxx Coffee Part 2, Question 3: Three Years Strategic Plan Following the outcome of the SWOT Analysis, several alternative strategies could be beneficial to xxx coffee, and these include · A good corporate culture of continuous improvement in employees, systems, and processes · Development of new products, coffee trends, and varieties in alliance with the farmers. · Continuous investments in technologies and developing an innovation culture. · Ethical procurement practices of not buying coffee beans from poor third world farmers · Establish a strong web/online presence by developing a website and app · Reinvests its profits in the first three years in expanding the business. · Engage in B2B and B2C · Retain B2B via supply deliveries to coffee shops/cafes and large organizations · Retain B2C via loyalty program and socia