MANAGEMENT

Operational Management of the Furniture Bank

Operational Management of the Furniture Bank

Introduction

Last fiscal year was a successful year for the Furniture Bank as the organization was able to receive additional amount in the form of grants and donations. It assisted 1,363 homes to be furnished in the Great Toronto Area. The furniture Bank had $350,000 cash on its books from which $267,000 was clear. Because of the stable position of the Furniture Bank it is now time to consider the long-term goals which needed attention for a great time period.

There are three issues proposed by the board members that need solution. First is acquiring new trucks for more frequent operation. Second is to relocate the settings of the business due to the pressure from the City of Toronto and third idea is to introduce and implementing information technology for carrying out and managing various operations within the Furniture Bank. Each idea was read carefully and evaluated on the basis of current standing of the organization and feasibility of implementations (Rebernik n.d.).

Discussion

Each idea is discussed and evaluated according to the extent of priority. For now most important is to acquire new trucks because the existing ones are too old for frequent delivery and pick-up that is why there is a need to buy new ones. Information technology implementation is another important task because it is almost impossible to run any business without using information technology in 21st century. The last but not the least idea is to relocate our business from current location to another.

Acquiring New Trucks

Addition to the number of trucks will improve the logistic service of Furniture banking. It will not only help to enhance the pick-up and drop services of furniture but will also help to create more positive cash flow. Before starting new truck operation it is important to understand the need and importance of it.

Evaluation

Many conducted research show that an efficient transport management system can produce significant results in drop and pick-up service for any business that also delivers the products to different points. It increases the chances of profits and at the same time it is capable of reducing the costs also. Real time information can be controlled to have an insight into vast logistics and supply chain management. More frequent delivery of furniture will increase the efficiency of on-time deliveries which will help to enhance the customer services and margin growth. As existing trucks are no longer reliable because of their old age that is why there is a dire need to buy more so that the on-time deliveries do not get affected because of any damaged trucks.

The role of transportation cannot be denied for quality service provision and it can be handled through quality management. Furniture from and to the Furniture Bank can be send and receive at right time to the right place by increasing the numbers of trucks which will satisfy the demands of customers. This satisfaction not only brings efficiency and economy in this business but will also bridge ...