1 paragraph and 5 bullet point summary

Logistics Consulting Plan

executive summary

[WRITTEN AT COMPLETION OF DATA COLLECTION]

INTRODUCTION TO REPORT

Rector Property Management (RPM) is a real estate company that acquires, renovates, and leases properties to citizens of Champaign-Urbana, Illinois. The CEO developed an acquisition strategy that focuses on buying properties in poor condition that are massively undervalued. He supervises the renovation and manages the project until complete, and then personally markets and leases each property. This business model was effective, but the company has grown to over 50 leases. His model for forecasting and distribution is no longer efficient.

background and client profilE

The CEO built this company from the ground up. It started with one property in Kentucky with one lease to a company with over $500K in gross revenue. The company operates under the guidance of the CEO, but relies on subcontractors to perform all renovation labor.

rpm today

The business currently conducts 12-14 renovations annually. Jason would like to triple that number over the next two years and needs a distribution system to do it. He also wants to reduce cost of materials. RPM purchased its first commercial property and will have 900 square feet of space for inventory.

business GOALS

· Increase annual goal from 12 renovations per year to 30 per year by 2019

· Develop assessment and forecasting system to enhance renovation efficiency

· Emplace small warehouse to allow cost savings on bulk items (e.g. flooring)

· CEO shifts to a strategic management role working less than 15 hours per week

Objective (kp)

The logistics consulting team will develop a plan to solve RPM’s logistical issues. The subjects will be addressed by the following team members. [THOUROUGHLY DEVELOP ISSUES AND DEVELOP OBJECTIVE FOR EACH INDIVIDUAL ISSUE; COMPLETE BY 19 FEB]

· Issue 1: CEO personally procures all supplies and distributes them to the various projects.

· Tray and Kendrick

· Issue 2: Logistics Assessment: CEO lacks a tool to conduct thorough inspection of projects and makes multiple trips to buy supplies.

· Collin

· Issue 3: Company has 900 square feet of unused storage space. RPM would like to create a small warehouse for high demand and bulk order items.

· Ryan, Keily and Mike

data COLLECTION PLAN (each member)

issue 1

[DEVELOP PLAN NLT 19FEB]

Issue 2

[DEVELOP PLAN NLT 19FEB]

issue 3

1. Why is it important to improve warehouse capacity?

a. Improve organization

b. Redesign floor plan

c. Reduction of cost

2. How to determine warehouse capacity?

a. Size of current warehouse (length/width/height)

b. Anything that would obstruct warehouse storage

3. How to improve warehouse capacity?

a. Loft construction

i. Cost analysis of construction

b. Types of material stored

4. Shelving height for max usage of storage

5. Housekeeping

a. Climate control CBA

b. Reorganization of current items in storage area

data research and anaylsis (each member)

issue 1

[DEVELOP PLAN NLT 26FEB]

Issue 2

[DEVELOP PLAN NLT 26FEB]

issue 3

[DEVELOP PLAN NLT 26FEB]

RECOMMENDATIONS

issue 1

[DEVELOP PLAN NLT 26FEB]

Issue 2

[DEVELOP PLAN NLT 26FEB]

issue 3

[DEVELOP PLAN NLT 26FEB]

DISCLAIMER

This material is based upon work conducted by the students below. Any opinions, findings, conclusions, or recommendations are those of the authors and do not reflect the views of Florida Institute of Technology, its employees or its administration.

APPENDICES

[LIST]

references

[LIST REFERENCES]

CONSULTING APPROVAL

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2/11/2018

Logistics Consulting Plan

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