For Garment Hideout, there are three employees Alexa, Belle, Carolyn who handles different operations and processes of the organization such as manufacturing garments, managing orders and sales with the delivery of the products. As the business is operating through online platform thus it is important to use their resources optimally in order to gain revenue from the business. Following is the table that shows the cost, work hours for different staffs and their hourly pays.
Employee Name |
Rate/Hour |
Working Days for the employees |
Total working hours/week |
Extra hours worked every week |
Total hours/Week |
Cost for employee /week |
Cost for employee /year |
Alexa |
$ 26.00 |
Mondays, Tuesday and Wednesday |
22.5 |
3 |
25.5 |
$ 663.00 |
$ 34,476.00 |
Belle |
$ 26.00 |
Thursday and Friday |
15 |
0 |
15 |
$ 390.00 |
$ 20,280.00 |
Carolyn |
$ 24.00 |
Monday, Tuesday, Wednesday, Thursday and Friday |
22.5 |
3 |
25.5 |
$ 612.00 |
$ 31,824.00 |
The organization operating cost includes the fixed cost, utility cost as well as the payable to the employees. Different employees work for the store on different days only Carolyn works for every week days. Here, it can be stated that, in order to calculate the cost for Carolyn, the five working days are considered as weekdays as standard.
Following table represents the total annual cost for the operating the business.
Name |
Hourly Rate |
Working hours in every week |
Extra hours every week |
Total Working hours |
Cost Per week |
Annual Cost |
Alexa |
$ 26.00 |
22.5 |
3 |
25.5 |
$ 663.00 |
$ 34,476.00 |
Belle |
$ 26.00 |
15 |
0 |
15 |
$ 390.00 |
$ 20,280.00 |
Carolyn |
$ 24.00 |
22.5 |
3 |
25.5 |
$ 612.00 |
$ 31,824.00 |
Replacement worker (4Weeks) |
$ 39.00 |
60 |
6 |
66 |
$ 2,574.00 |
$133,848.00 |
Total Cost |
$220,428.00 |
|||||
Insurance cost |
$ 9,100.00 |
$ 9,100.00 |
||||
Utility cost for Every Month |
$ 260.00 |
$ 3,120.00 |
||||
Fixed Costs |
Annual costs(in USD) |
|||||
Insurance and Rents |
$ 9,100.00 |
|||||
Cost for Utility/Year |
$ 3,120.00 |
|||||
Annual cost for Garment Hideout |
$ 232,648.00 |
The above table depicts that, the total cost for the garment Hideout business to operate its business is $232,648.
In order to find out the frequency of the specific range of the values for which most of the garments are ordered. For the customers the materials for the garments are from which they can choose are given by cotton, tweed, silk, wool and leather. Furthermore, available sizes for the garments are M, L, XXL, S, XS and XL
From the investigation of given excel file which includes past quote and sales value of the different orders placed by the customers, the minimum and maximum quotation value for any ordered garment is $34 and $780.7. Furthermore, from the perspective of manufacturing cost minimum and maximum value from the data set is $16.3 and $150.3.
Using the formulas and tools in excel the following frequency table is obtained.
Range |
Frequency of Quote Value |
30-100 |
82 |
100-170 |
63 |
170-240 |
35 |
240-310 |
17 |
310-380 |
3 |
380-450 |
2 |
450-520 |
4 |
520-590 |
1 |
590-660 |
2 |
660-730 |
2 |
730-800 |
4 |
From the above table, it can be easily stated that, most of the garments are quoted between the range $30-100.
Now for the following chart provides, the trend of the quote prices in between different ranges.
Chart 1: Trend of the Quotes in the Dataset of the Past values.
From the above table it can be easily interpreted, that most number are quotes are for the price range 30-100 and least number of quotes for the price range is provided by 520-590 quote value range.
In the next chart the total quote value for the different dates in the given data set are compared.
Chart 2: Comparison of total quote values for different week days
From the above bar chart it can be stated that, the maximum amount of the quote values is placed on Wednesdays. According to the provided information about the employees, Alexa and Carolyn works on the Wednesdays. Therefore, they are employees who provided maximum amount of quote value for the Hide out garment.
In order to make the quoting process easier as well as automated for the organization to save time the following table is created in the accompanied excel spreadsheet. The employees can select the material and size of the garment as per the requirement of the customer by clicking on the cells that are right beside the grey marked cells as shown in the following table.
In the creation of spread sheet, it sis found that for the material SILK, any combination of size is highly priced compared to any other material. The
Size of Garment |
Material Selected for Garment |
|
S |
SILK |
|
M |
COTTON |
|
L |
WOOL |
|
XS |
LEATHER |
|
XL |
TWEED |
|
XXL |
||
CHOOSE MATERIAL |
COTTON |
|
CHOOSE SIZE OF GARMENT |
M |
|
QUOTE VALUE |
79 |
For Garment Hide out the it is important to enhance and synchronize the manufacturing and sales process for their products in order to make the business profitable and avoid loss of resources. In order to start the manufacturing of an ordered garment two factors are most important to consider. These are popularity of product and availability of the garment in the inventory.
As for a popular garment product, that can be sold to the another customer if that is not picked by customer (The particular customer who placed the order for the garment). In this way Garment Hideout can prevent loss of assets and gain revenue from the product and make the business profitable. Ow in case of un-popular garments and their manufacturing lead to the loss the assets for the organization if that is not picked by the customer who placed order for it. Therefore, in case of unpopular garments manufacturing process should be started only if the item is not in stock. This logic is implemented in the accompanied spread sheet on the sheet named “Task 4”
Inventory Status of the Product |
Popularity |
Size of Garment |
Material Selected for Garment |
Choice |
In stock |
Popular |
S |
SILK |
Manufacture Item |
Not in Stock |
Not Popular |
M |
COTTON |
Do not Start manufacture of Item |
L |
WOOL |
|||
XS |
LEATHER |
|||
XL |
TWEED |
|||
XXL |
||||
SELECT INVENTORY STATUS |
Not in Stock |
|||
SELECT POPULARITY |
Popular |
|||
CHOOSE MATERIAL |
COTTON |
|||
CHOOSE SIZE OF GARMENT |
M |
|||
QUOTE VALUE FOR THE GARMENT |
79 |
|||
SGGESTION FOR PRODUCTION |
Manufacture Item |
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