The goal for module 5 was to achieve a net worth of $50,000. My approach to this was to quickly grow my reputation to two stars and then bid on the contracts with the highest value and complete them as quickly as possible in an effort to limit my salary costs, simply put I was running a lean operation. My staffing approach was a mixed strategy, I would not fire employees like a chase strategy would as a result of the 2-week severance however I would operate with the lowest number of employees I could complete orders with. Product quality was limited to exactly what the contract required to ensure the contribution margin on each order was maximized. This was highly effective as I was able to achieve the goal quickly but found that my reputation …show more content…
This was to ensure the goal of $50,000 was achieved swiftly. In module 6 my goal was to maximize output following a Q inventory module. This was a result of the overall goal being to obtain the highest net worth possible. Knowing that the simulation would be ongoing for almost 100 weeks, I was not concerned with the reputation I would achieve as simply completing orders that were meeting the clients’ basic needs would increase my reputation score enough to achieve 100% on that section. I knew this as a result of previous modules like module 5 I would complete the goal so quickly I would not be able to increase my score enough to receive full marks. Therefore, my focus is to complete as many contracts as possible. When purchasing materials, I focused on purchasing high quality while ordering from suppliers that offered steep discounts for longer lead times and large orders to ensure I was able to limit those costs. Additionally, I would ensure that no material in which I would regularly purchase products for would fall below 1,000 units to ensure I was able to immediately begin production upon winning the