question archive Describe how your business operations will work
Describe how your business operations will work
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- Describe how your business operations will work. In other words, you want to explain the day-to-day flow of activities necessary to deliver your product or service to customers. Wherever applicable, identify costs. Be sure to address the following, if applicable to your chosen business, in the post:
- Facilities.
- Describe the facility, including its location.
- Specify whether it is rented or owned; include any associated costs.
- Estimate the cost of utilities, such as water/sewer, gas, electricity, and trash removal.
- Production Process.
- Describe the production process (how you will produce the product) or describe how your business will operate if retail or service company.
- Identify the equipment you will use and associated costs.
- Describe the capacity to produce the product.
- Explain your approach to quality control.
- Explain your approach to inventory, as applicable.
- Where do your supplies come from?
- What is your turnaround time to produce your product once you have received an order?
- Research and Development.
- Explain how you will stay abreast of new industry developments.
- Describe the new products or services that are in development.
- Personnel Needs in Operations.
- Specify the number of operations employees you plan to have.
- Describe their roles
- Please respond to this peer posting: Company Name - Richardson Compliance Associates LLC, a small contracting firm that assists larger firms, corporate businesses, and governmental agencies with compliance-related needs.Company Description - A full-service business specializing in working with clients on a contractual basis interested in having temporary staffing to execute compliance related needs short-term/long-term serving as subject matter experts on policy retention, conducting audits of business processes, provide professional recommendations where applicable, conduct in-house training sessions and workshops, assist clients on developing educational curriculum, write up formal documentation on business approaches handling data incoming/outgoing, privacy and risk management approaches/tools, preserving of data under court-ordered litigation.Facilities:Richardson Compliance Associates LLC has become a member of the Launch Workspace community leasing an office space where leadership and office management can conduct business operations, meet with our staff daily, arrange meetings with clients privately and grow the business as intended all utilities and building amenities are also part of the monthly costs. Because this space is newly opened for leasing our monthly cost set at $1000 includes furnished offices, small kitchenette, meeting room. Our administrative operations are located at 1201 Seven Locks Rd, Suite 360, Rockville, MD 20854.Production Process:Since Richardson Compliance Associates LLC is a service business with four workforce solutions, we meet with clients and have the management to give a summation of current process(es) requiring assessing. Once we receive the summation leadership will thoroughly review verify with the client and proceed with business agreement prior to meeting with one of our SMEs discussing the client’s business need and how long on assignment, per the service level agreement, a framework roadmap development establishes process that supports the project from beginning to end pinpoint gaps provide recommendations where our SME have authority to redevelop a process flow framework that is concrete and substantial to business policy and industry best practices. Before sending a SME (Subject Matter Expert) out on assignment he/she are required to have extensive background in previous career positions, obtained a college degree and becoming certified in area of expertise as teams are following business principles, ethics rules, regulations in accordance with jurisdiction for example, Privacy and Risk Management services. This solution requires SME to assess and again formulate a framework to include "mitigating the risk, transferring, or sharing the risk, avoiding the risk, accepting the risk". Identify the equipment you will use and associated costs.Equipment for daily business operation includes: Xerox laser copier machine $400Printing paper $26.99 per cartonFiling cabinets $383.96 eachComputer desktops $600Cisco telephone headsets $155Supplies such as pens, file folders $200Verizon business network services $199 monthly.Describe the capacity to produce the product.Our capacity is based on the number of SMEs on our employee roster and the allocation of these human resources to fulfill a project. As a startup business, we have the band width to accept contracts and expect to grow the number of staff as visibility/reputation of the company escalates.Explain your approach to quality control. Our approach to QC check will be based by employee attitude/performance, review of business policies. Secondary approach are consistent communications with SMEs to get valid feedback of services conducting, formulate an additional QA measure where the client is not alerted to any inefficiencies avoid disruption of performance install a project tracker tool that follows the status until completion the tracker moves along based on data input from SME into system, lastly a backup SME can provide additional support remotely where needed.Explain your approach to inventory, as applicable. Extremely limited inventory to track just office supplies where a basic list of what purchases need re-ordering.Where do your supplies come from?StaplesWhat is your turnaround time to produce your product once you have received an order?Once we have been in contact from a client to retain our services, discuss the logistics of the project in scope we can assigned a SME to this assignment in 24-48 hours dependability of client schedule to get started. Research and Development:Explain how you will stay abreast of new industry developments.Market research of the industry (Bloomberg, WSJ, join mailing lists, conferences, attain industry organizations memberships (American Staffing Association).Describe the new products or services that are in development.Mergers and Acquisitions services to support short-term or long-term staff in need of assistance. Personnel Needs in Operations:Specify the number of operations employees you plan to have. Describe their roles.The company is led by a team of five the Chief Executive Officer, Chief Operations Manager, Human Resource Manager, Project Manager and Administrative Specialist.Source:NIST Privacy Framework: A Tool for Improving Privacy through Enterprise Risk Management
- Facilities.
- Describe the facility, including its location.
- Specify whether it is rented or owned; include any associated costs.
- Estimate the cost of utilities, such as water/sewer, gas, electricity, and trash removal.
- Production Process.
- Describe the production process (how you will produce the product) or describe how your business will operate if retail or service company.
- Identify the equipment you will use and associated costs.
- Describe the capacity to produce the product.
- Explain your approach to quality control.
- Explain your approach to inventory, as applicable.
- Where do your supplies come from?
- What is your turnaround time to produce your product once you have received an order?
- Research and Development.
- Explain how you will stay abreast of new industry developments.
- Describe the new products or services that are in development.
- Personnel Needs in Operations.
- Specify the number of operations employees you plan to have.
- Describe their roles
- Please respond to this peer posting: Company Name - Richardson Compliance Associates LLC, a small contracting firm that assists larger firms, corporate businesses, and governmental agencies with compliance-related needs.Company Description - A full-service business specializing in working with clients on a contractual basis interested in having temporary staffing to execute compliance related needs short-term/long-term serving as subject matter experts on policy retention, conducting audits of business processes, provide professional recommendations where applicable, conduct in-house training sessions and workshops, assist clients on developing educational curriculum, write up formal documentation on business approaches handling data incoming/outgoing, privacy and risk management approaches/tools, preserving of data under court-ordered litigation.Facilities:Richardson Compliance Associates LLC has become a member of the Launch Workspace community leasing an office space where leadership and office management can conduct business operations, meet with our staff daily, arrange meetings with clients privately and grow the business as intended all utilities and building amenities are also part of the monthly costs. Because this space is newly opened for leasing our monthly cost set at $1000 includes furnished offices, small kitchenette, meeting room. Our administrative operations are located at 1201 Seven Locks Rd, Suite 360, Rockville, MD 20854.Production Process:Since Richardson Compliance Associates LLC is a service business with four workforce solutions, we meet with clients and have the management to give a summation of current process(es) requiring assessing. Once we receive the summation leadership will thoroughly review verify with the client and proceed with business agreement prior to meeting with one of our SMEs discussing the client’s business need and how long on assignment, per the service level agreement, a framework roadmap development establishes process that supports the project from beginning to end pinpoint gaps provide recommendations where our SME have authority to redevelop a process flow framework that is concrete and substantial to business policy and industry best practices. Before sending a SME (Subject Matter Expert) out on assignment he/she are required to have extensive background in previous career positions, obtained a college degree and becoming certified in area of expertise as teams are following business principles, ethics rules, regulations in accordance with jurisdiction for example, Privacy and Risk Management services. This solution requires SME to assess and again formulate a framework to include "mitigating the risk, transferring, or sharing the risk, avoiding the risk, accepting the risk". Identify the equipment you will use and associated costs.Equipment for daily business operation includes: Xerox laser copier machine $400Printing paper $26.99 per cartonFiling cabinets $383.96 eachComputer desktops $600Cisco telephone headsets $155Supplies such as pens, file folders $200Verizon business network services $199 monthly.Describe the capacity to produce the product.Our capacity is based on the number of SMEs on our employee roster and the allocation of these human resources to fulfill a project. As a startup business, we have the band width to accept contracts and expect to grow the number of staff as visibility/reputation of the company escalates.Explain your approach to quality control. Our approach to QC check will be based by employee attitude/performance, review of business policies. Secondary approach are consistent communications with SMEs to get valid feedback of services conducting, formulate an additional QA measure where the client is not alerted to any inefficiencies avoid disruption of performance install a project tracker tool that follows the status until completion the tracker moves along based on data input from SME into system, lastly a backup SME can provide additional support remotely where needed.Explain your approach to inventory, as applicable. Extremely limited inventory to track just office supplies where a basic list of what purchases need re-ordering.Where do your supplies come from?StaplesWhat is your turnaround time to produce your product once you have received an order?Once we have been in contact from a client to retain our services, discuss the logistics of the project in scope we can assigned a SME to this assignment in 24-48 hours dependability of client schedule to get started. Research and Development:Explain how you will stay abreast of new industry developments.Market research of the industry (Bloomberg, WSJ, join mailing lists, conferences, attain industry organizations memberships (American Staffing Association).Describe the new products or services that are in development.Mergers and Acquisitions services to support short-term or long-term staff in need of assistance. Personnel Needs in Operations:Specify the number of operations employees you plan to have. Describe their roles.The company is led by a team of five the Chief Executive Officer, Chief Operations Manager, Human Resource Manager, Project Manager and Administrative Specialist.Source:NIST Privacy Framework: A Tool for Improving Privacy through Enterprise Risk Management
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