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Research Proposal for the Installation of Commercial Grade Ice Make
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Research Proposal for the Installation of Commercial Grade Ice Make
Research Title
Installation of Commercial Grade Ice Maker A Step to Increase Business Efficiency
Introduction
The underlying purpose of the research is to seek the valuable approval and financial sustainability of the management so that an inquiry regarding the efficacy of the industrial level ice maker could be conducted.Hollywood LiquorGroceryMartInc. at Shreveport requires the installation of a commercial level ice maker to its operations in order to elevate the overall expedience and effectiveness of the process. The research will encapsulate the idea of cost-effectiveness and customer-oriented services because it will eradicate the need for purchasing ice bags from other vendors and also provide customers with handiness. In the absence of mass ice production,Hollywood LiquorGroceryMartIncbusiness is encountering a fluctuation in supply of ice that, in turn, not only affecting its operational efficacy but also increasing the cost of doing business. The following proposal proffers an insight into the preliminary research data and elucidates other interrelated aspects so that management will have a complete picture of the issue at hand and allow propping up the implications of strategy through required funding and support.
Problem Statement
Hollywood LiquorGroceryMartIncis confronting hassle in tacking the supply of ice during business hours that, in turn, considerably impacting its efficacy. Substantial expenses are combined with storage problems at the place because Coastal Inc supplies its ice bags once a week. The implied route of the vendor stresses Hollywood Grocers to store as many ice bags as it can, and it is estimated that the storage facility of the store can carry only 100 bags at a time. On the other hand, the vendors that can supply ice on a regular basis charge 99c per ice bag that boosts the marginal maintenance price in totality. In due course, the problem statementfor ice maker research involves following facades.
Increased cost for fulfilling the actual supply need at Hollywood Liquor Grocery Mart Inc.
Sometimes, customers need to wait for adequate ice supply for getting served.
Self-sufficiency in producing ice in bulk is indispensable in boosting business agility and deducting the cost of operations.
Evaluating the best suitable industrial ice-making machine that will yield maximum productivity in minimum resources.
Objectives
The significant objectives of the prospect research are
To sift through the market and provide the organization with the best three ice makers to choose from.
To evaluate the basic features and functions of three different commercial grade ice makers in terms of best suitability for unique requirements of Hollywood Liquor Grocery Mart Inc.
To cut the cost incurred on the purchasing of ice bags from local vendors
To accelerate the operational effectiveness through flawless ice supply throughout the day.
Preliminary Literature Review
Hollywood Liquor Grocery Mart Inc purchases bags of ice from Coastal Ice Inc. Such ice bags attributed exacerbated expenditures and did not suffice for the regular needs of the customers. The list for different quantities of the ice from Coastal Inc is depicted below, but Hollywood Grocers cannot contain more than 100 bags at a time.
Similarly, the customers at the place fancy a barrel full of ice to contain beers and drinks to indulge the real chill, and the demand suits the weather conditions of the atmosphere accurately. Hollywood Groceries Liquor Inc is located in Shreveport, and therefore a yearning for extra chilled beverages is the natural wish list item for the customers out there. In this context, the weather statistics and report from HYPERLINK http//www.weatherpark.com/ t _blank www.weatherpark.comaffirms that Shreveport is a hot setting and stays cold, only 2.9 months annually. Along with other data, the random interviews are also considered as primary sources for comprehending the intricacies of the matter. In due course, a few consumers asserted that ice-based cooled beverages are more favorable than drinks from the electric cooler. Such customers preferences and expectations, in turn, are inducing Hollywood Grocers to lose the competitive advantages over its rivals.
The recent era of transforming business paradigms elucidates the notion of augmenting productivity in every area of business. In order to comply with dynamic operational tendencies, businesses consider all activities of the business process for improvement opting for appropriate and active equipment and machinery is one of them. However, before purchasing any significant machinery, it is recommended to get familiar with the current and prospect necessities along with attributes of the product thoroughly (BDC, 2019). According to Daisyme (2018), every business needs specific equipment regardless of its price tags sometimes, business requires high-profile machinery, and sometimes a simple printer or computer system gets the job done. Installation of machinery is the most productive and effective initiatives considered by highly influential organizations (Daisyme, 2018).
Michael Shields (1992) explicates that cost-reduction stratagem suffuses a vitality throughout the financial and operational stream of the organization, either big or small. Likewise, another research study highlights that cost-reduction strategically takes place at lower operational levels and gradually becomes an integral part of the major strategic framework for firms. Therefore, pursuing the tactical modifications and addressing the operational potencies is a tricky yet worthwhile obligation (Khanna, 2015). When discussing the production of ice particularly, it is observed that making ice is unlucky does not deem as a critical task nevertheless, the fretting over continuous supply, cost, and storage matters enhances the fragility of the matter. Experts believe that ice is an inevitable component in a bar or beverage service setting nobody can run a thriving business by overlooking this dimension. Mitchell (2018) asserts that no firm can even think of gaining competitive advantages without concerning the gesture of high and persistent quality and convenience.
Methodology
The research methodology includes interviews from customers and staff members in assessing the severity of the issue at hand and perceived solutions to tackle the adversaries. The estimated sample quantity is 25 individuals that will be selected randomly without considering gender or professional discriminations. However, the age of the participant will be no less than 18 years.
Proposed Tasks
If the research proposal gets approved by higher management in terms of its scope and funding, then the following tasks and methodologies are queued to be accomplished. Task 1 The brands and varieties of different commercial level ice makers will be thoroughly evaluated in terms of bin size, production capacity, and price. In this regard, three ice makers are elaborated that can be opted as a fitting solution.
Manitowoc IDT045W (B-400 bin, 450 lbs, 30 production capacity
Task 2 The overall methodology of collecting and analysis of the data will be fine-tuned.
Task 3 A systematic questionnaire will be developed to attain insight into interconnected individuals such as customers, staff members, and personnel of similar businesses.
Task 4 In-depth conduction of expanded literature review to examine previously observed studies and their findings.
Task 5 Will appoint a professional to analyze the results and formulate a professional level report on findings.
Task 6 Will present findings, analysis, conclusions and recommendations.
Budget
The budgetary concerns for the research are as follow in short, 8,400 dollars will be required to conduct, analyze, compose, and present the information and findings on the issue.
Interviews of sample (25 individuals) Cost per interview 300
30025 7,500Professional Market Research Report800Miscellaneous 100Total 8,400
Conclusion
The above-mentioned data and information is the outcome of initial research and includes the best high-quality, commercially reviewed ice makers. The primary product characteristics, such as the capacity of bin, reviews, and other technological aspects, including the cost of maintenance, electric consumption, and cubical measurements of produced ice, are delineated. Subsequent to the approval of this proposal is awaiting a feasibility study that will comprise of exhaustive research and recommendations. All the incorporated factors elaborated in the proposal and the scopes of the upcoming research report are pragmatic and indispensable for the commercial ice maker and relevant issues. Phenomenally, the installation of ice maker toHollywood LiquorGroceryMartInc will accelerate the sale of the store and will save a sizeable amount by evading the purchase of ice bags from outside vendors. Through prosper and lump sum production of ice, the store will be able to provide ice for the beers and beverages barrels, and such implications will, in turn, allure a broad array of consumers to visit the place and become the repeat customers. Abundance and self-sufficiency of ice will add a spark to the Hollywood outlet in summer times that elongates to extensive time in Shreveport. The installation of the ice maker will be a positive and profitable initiative that will cut the cost of operations and will attract and retain a broad customer base across the territory. Other detailed information such as a questionnaire or incorporated interview questions, responses, and common conceptual framework will be discussed in the upcoming research report that will be based on the permission and funding by the management.
Work Cited
3 Strategies for Improving Business Productivity BDC.ca. 2019, HYPERLINK https//www.bdc.ca/en/articles-tools/business-strategy- planning/managebusiness/pages/3-strategies-improving-business-productivity.aspx https//www.bdc.ca/en/articles-tools/business-strategy- planning/managebusiness/pages/3-strategies-improving-business-productivity.aspx.
Ahire, S.l., and S. Devaraj. An Empirical Comparison of Statistical Construct Validation Approaches. IEEE Transactions on Engineering Management 48, no. 3 (2001) 31929. HYPERLINK https//doi.org/10.1109/17.946530 https//doi.org/10.1109/17.946530.
12 Major Business Expenses (and How to Reduce Them). Due, 6 Mar. 2018, https//due.com/blog/12-major-business-expenses-reduce/.
Content, Promo. 6 Best Commercial Ice Makers for 2019. The Jerusalem Post JPost.com, 20119. HYPERLINK https//www.jpost.com/PromoContent/6-Best-Commercial-Ice- Makers-for-2016-441411 https//www.jpost.com/PromoContent/6-Best-Commercial-Ice- Makers-for-2016-441411.
Fields, Michale D., and S. M. Young. Effective Long-Term Cost Reduction A Strategic Perspective. Journal of Cost Management 6, no. 1 (1992) 1630.
Hollywood Liquor Grocery in Shreveport, 1959 Hollywood ..., 2019. HYPERLINK https//shreveport-la-caddo.opendi.us/327410.html https//shreveport-la-caddo.opendi.us/327410.html.
Khanna, Samiha. Cost-Saving Tips for Small Firms. Journal of Accountancy, September 7, 2015. https//www.journalofaccountancy.com/newsletters/2015/sep/cost-saving-tips- small-firms.html.
Mitchell, Travis. Why Investing in Ice Can Take Your Bar Program to The Next Level. Restaurant Insider. Restaurant Insider, March 7, 2018. https//upserve.com/restaurant-insider/investing-ice-can-take-bar-program-next- level/.
Technavio. Examples of How Much Market Research Costs. Technavio. Technavio, March 20, 2018. https//blog.technavio.com/blog/how-much-market-research- costs.
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