Overview of Toyota
Toyota Motor Corporation is one of the popular multinational automotive companies based in Japan. Toyota is the market leader in selling hybrid electric vehicles. It is the world’s largest automobile manufacturer. They have their market all around the world and not limited to Japan only. They sell cars in the UK as well. The Toyota cars are exported from the UK and are sold in the EU market. Toyota builds their engine in the UK and assembles the car parts in plants on various parts of EU. However, Brexit affects Toyota as well. Britain’s car industry faces £4.5bn bill if they leave UE without conducting any trade deals.
Brexit affects almost all the car industries of the UK and Toyota is one of them. After the Brexit, they will have to manufacture car engines and will have to assemble all the car parts in the UK. Therefore, they will have to make changes in the business operations. Toyota thus decides to update the supply chain management. They also plan to adopt a new ERP solution. The project will take around 6 months to get completed. I have appointed by Toyota to prepare a project plan following Toyota will carry out the business activities. The project will cost around $ 70,000.
SWOT Analysis
Strength
- The small car companies will not get help from the EU. It will help Toyota to stay ahead in the local market.
- Toyota has to follow the rules, regulations and restrictions of EU; theywill not have comparatively fewerrestrictions (Seethamraju 2015).
iii. Toyota can hire more employees from the UK, and the UK will be benefitted.
Weaknesses
- Toyota will have to follow heavy trade policies and will have to spend heavy on trading. The UK market will shrink, andit will affect Toyota heavily.
- UK exit will negatively influence the tax revenues as well. Toyota will shrink until and unless other markets are opened (Shen, Chen and Wang 2016).
iii. Many EU people will lose jobs. Toyota will lose skilled employees.
Opportunities
- Britons support Brexit, andeveryone believes that Britons will help the UK. Thus the UKwill get economic aid to re-establish itself as one of the leaders of the world (Tarhini, Ammar and Tarhini 2015). This will give Toyota to reshape their business and establish themselves in the UK market.
- The new ERP implementation will help Toyota to conduct the business efficiently and ethically.
iii. The supply chain management system will help them to conduct the business according to the Brexit conditions.
Threats
- The UK banks suffered loss by $130bn for the Brexit. The British pound value gets decreased to $1.35 (Ha and Ahn 2014). Toyota will also suffer economically and financially.
- Toyota decides to upgrade the supply chain management for the Brexit. Toyota will bring change in business process and decision making (Tian and Xu 2015). The new business model can give them benefits or can prove to be disastrous.
- Brexit suffers economically and financially for the Brexit. Toyota can similarly suffer both economically and financially. The risk is high. They will lose the competitive advantage in the world. They will face heavy monetary loss.
iii. Toyota also plans to implement a new ERP solution. The Toyota employees need time to adopt this new software (Antero 2015). The new ERP software is not fully tested; the software can give faulty results.
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Resource Name |
Type |
Role |
Automobile mechanic |
Work |
He is responsible for constructing car parts |
Automobile service mechanic |
Work |
He is responsible to set up and assemble car parts and provide necessary assistance to the automobile mechanic |
Automotive brake mechanic |
Work |
He is responsible for working on the brake of the car |
Automotive mechanical repairer |
Work |
He repairs the car parts and does the wielding |
Automotive service technician – brakes |
Work |
He supports the brake mechanic, he setups the brake in the car |
Automotive service technician – steering |
Work |
He works on the steering of the cars |
Automotive service technician – suspension |
Work |
He is in charge to work on the suspension of the car |
Application Engineer |
Work |
He is in charge to monitor the operations of the ERP software |
Database Administrator |
Work |
He manages of the database of the ERP software |
Programmer |
Work |
He writes codes for the ERP software |
Programmer Analyst |
Work |
He analyses the ERP program and finds out the risks and issues of the software |
Project Manager |
Work |
He is responsible for monitoring and administering the entire project |
Toyota Director |
Work |
He has appointed the Project Manager to recommend a process to upgrade the supply chain management and implementation of new ERP software |
Automobile parts supplier |
Work |
He is responsible for supplying the car parts |
Mechanical parts supplier |
Work |
He is responsible for providing all the mechanical parts of the car |
Content writer |
Work |
He prepares the official documentation |
Mechanical Engineer |
Work |
He is responsible for monitoring the mechanical operations associated |
Automobile Engineer |
Work |
He monitors whether the steering, brake, suspension, tires have been appropriately setup or not |
Painter |
Work |
He paints the car |
Software Tester |
Work |
He tests the ERP application |
Trainer |
Work |
He trains the employees of Toyota company |
IT Support |
Work |
He assists the programmer, programmer analyst and the software tester and the client |
Project Plan
Task Name |
Duration |
Start |
Finish |
Predecessors |
Resource Names |
Cost |
Toyota implementing new ERP System |
193 days |
Wed 28-03-18 |
Fri 21-12-18 |
$ 70,664.00 |
||
Toyota’s post-Brexit Supply Chain Management Process |
124 days |
Wed 28-03-18 |
Mon 17-09-18 |
$ 43,400.00 |
||
Plan |
16 days |
Wed 28-03-18 |
Wed 18-04-18 |
$ 2,304.00 |
||
Car Design and Engineering |
16 days |
Wed 28-03-18 |
Wed 18-04-18 |
$ 2,304.00 |
||
Cars’ Parts Selection |
6 days |
Wed 28-03-18 |
Wed 04-04-18 |
Automobile mechanic |
$ 720.00 |
|
Design of Roll Cage |
6 days |
Thu 05-04-18 |
Thu 12-04-18 |
4 |
Automobile mechanic |
$ 720.00 |
Design of the Suspension System |
4 days |
Fri 13-04-18 |
Wed 18-04-18 |
5 |
Automobile mechanic,Automotive service technician – suspension |
$ 864.00 |
Source |
9 days |
Fri 13-04-18 |
Wed 25-04-18 |
$ 3,456.00 |
||
Automobile parts supply |
5 days |
Fri 13-04-18 |
Thu 19-04-18 |
5 |
Automobile parts supplier |
$ 640.00 |
Mechanical components supply |
5 days |
Fri 13-04-18 |
Thu 19-04-18 |
5 |
Mechanical parts supplier |
$ 640.00 |
Tires’ supply |
4 days |
Fri 13-04-18 |
Wed 18-04-18 |
5 |
Automobile parts supplier |
$ 512.00 |
Miscellaneous components |
5 days |
Fri 13-04-18 |
Thu 19-04-18 |
5 |
Automobile parts supplier,Mechanical parts supplier |
$ 1,280.00 |
Creating Final Bill of the Components |
4 days |
Fri 20-04-18 |
Wed 25-04-18 |
8,9,10,11 |
Content writer |
$ 384.00 |
Make |
51 days |
Thu 26-04-18 |
Thu 05-07-18 |
$ 17,776.00 |
||
Car Manufacturing |
23 days |
Thu 26-04-18 |
Mon 28-05-18 |
$ 8,032.00 |
||
Roll Cage Design and Implementation |
9 days |
Thu 26-04-18 |
Tue 08-05-18 |
$ 5,152.00 |
||
Evaluation |
5 days |
Thu 26-04-18 |
Wed 02-05-18 |
12 |
Automobile Engineer,Mechanical Engineer |
$ 1,600.00 |
Car Material Analysis |
4 days |
Thu 26-04-18 |
Tue 01-05-18 |
12 |
Automobile Engineer |
$ 640.00 |
Performance Analysis of Car |
4 days |
Thu 03-05-18 |
Tue 08-05-18 |
16 |
Automobile Engineer,Automobile service mechanic,Automotive service technician – brakes,Automotive service technician – steering,Automotive service technician – suspension |
$ 2,272.00 |
Final Drawings |
4 days |
Thu 03-05-18 |
Tue 08-05-18 |
16 |
Automobile Engineer |
$ 640.00 |
Car System Design and Implementation |
14 days |
Wed 09-05-18 |
Mon 28-05-18 |
$ 2,880.00 |
||
Dynamic Simulation |
4 days |
Wed 09-05-18 |
Mon 14-05-18 |
19 |
Automobile Engineer |
$ 640.00 |
Detailed Analysis of the Materials used for Cars |
6 days |
Tue 15-05-18 |
Tue 22-05-18 |
21 |
Mechanical Engineer |
$ 960.00 |
Final Drawings |
4 days |
Wed 23-05-18 |
Mon 28-05-18 |
22 |
Automobile Engineer,Mechanical Engineer |
$ 1,280.00 |
Car Fabrication |
28 days |
Tue 29-05-18 |
Thu 05-07-18 |
$ 9,744.00 |
||
Assemble Roll Cage |
18 days |
Tue 29-05-18 |
Thu 21-06-18 |
$ 4,304.00 |
||
Pipe Work |
5 days |
Tue 29-05-18 |
Mon 04-06-18 |
23 |
Mechanical Engineer,Automotive mechanical repairer |
$ 1,400.00 |
Joint Work |
5 days |
Tue 05-06-18 |
Mon 11-06-18 |
26 |
Mechanical Engineer,Automotive mechanical repairer |
$ 1,400.00 |
Levelling |
4 days |
Tue 12-06-18 |
Fri 15-06-18 |
26,27 |
Automotive mechanical repairer,Mechanical Engineer |
$ 1,120.00 |
Electrostatic Painting |
4 days |
Mon 18-06-18 |
Thu 21-06-18 |
26,27,28 |
Painter |
$ 384.00 |
Assemble Suspension System |
10 days |
Fri 22-06-18 |
Thu 05-07-18 |
$ 5,440.00 |
||
Organising Car Parts |
4 days |
Fri 22-06-18 |
Wed 27-06-18 |
29 |
Automobile Engineer,Automobile mechanic,Automobile service mechanic |
$ 1,600.00 |
Car Front Suspension Assemble |
6 days |
Thu 28-06-18 |
Thu 05-07-18 |
31 |
Automobile Engineer,Mechanical Engineer |
$ 1,920.00 |
Car Rear Suspension Assemble |
6 days |
Thu 28-06-18 |
Thu 05-07-18 |
31 |
Automobile Engineer,Mechanical Engineer |
$ 1,920.00 |
Testing and Delivery |
30 days |
Fri 06-07-18 |
Thu 16-08-18 |
$ 14,008.00 |
||
Final Assemble |
15 days |
Fri 06-07-18 |
Thu 26-07-18 |
$ 6,096.00 |
||
Assemble Steering System |
6 days |
Fri 06-07-18 |
Fri 13-07-18 |
33 |
Automobile Engineer,Automobile service mechanic,Automotive service technician – steering |
$ 2,256.00 |
Assemble Braking System |
6 days |
Fri 06-07-18 |
Fri 13-07-18 |
33 |
Automobile Engineer,Automotive brake mechanic,Automotive service technician – brakes |
$ 2,256.00 |
Painting |
4 days |
Mon 16-07-18 |
Thu 19-07-18 |
36,37 |
Painter |
$ 384.00 |
Customisation |
5 days |
Fri 20-07-18 |
Thu 26-07-18 |
38 |
Automobile mechanic,Automobile service mechanic |
$ 1,200.00 |
Testing |
12 days |
Mon 16-07-18 |
Tue 31-07-18 |
$ 3,544.00 |
||
Braking Test |
4 days |
Mon 16-07-18 |
Thu 19-07-18 |
37 |
Automotive service technician – brakes |
$ 384.00 |
Acceleration Test |
3 days |
Fri 20-07-18 |
Tue 24-07-18 |
41 |
Automobile service mechanic |
$ 360.00 |
Detailed Inspection of Assembly and Welding |
5 days |
Wed 25-07-18 |
Tue 31-07-18 |
36,37,41,42 |
Automobile Engineer,Mechanical Engineer,Project Manager |
$ 2,800.00 |
Testing of Procured Parts of Cars |
12 days |
Wed 01-08-18 |
Thu 16-08-18 |
$ 4,368.00 |
||
Operation Testing |
4 days |
Wed 01-08-18 |
Mon 06-08-18 |
43 |
Automobile Engineer,Project Manager |
$ 1,600.00 |
Warranty File Review |
3 days |
Tue 07-08-18 |
Thu 09-08-18 |
45 |
Automobile Engineer,Content writer |
$ 768.00 |
Final Approval |
5 days |
Fri 10-08-18 |
Thu 16-08-18 |
46 |
Automobile Engineer,Project Manager,Toyota Director |
$ 2,000.00 |
Return |
10 days |
Fri 17-08-18 |
Thu 30-08-18 |
$ 2,400.00 |
||
Earned Revenues |
5 days |
Fri 17-08-18 |
Thu 23-08-18 |
47 |
Project Manager |
$ 1,200.00 |
Profit Calculation |
5 days |
Fri 24-08-18 |
Thu 30-08-18 |
49 |
Project Manager |
$ 1,200.00 |
Documentation Processes |
6 days |
Fri 31-08-18 |
Fri 07-09-18 |
50 |
Content writer,Project Manager |
$ 2,016.00 |
Renewal of Processes |
6 days |
Mon 10-09-18 |
Mon 17-09-18 |
51 |
Project Manager |
$ 1,440.00 |
Software |
14 days |
Tue 18-09-18 |
Fri 05-10-18 |
$ 3,776.00 |
||
Developing RFP |
5 days |
Tue 18-09-18 |
Mon 24-09-18 |
51,52 |
Application Engineer,Programmer |
$ 1,520.00 |
Selecting ERP System |
2 days |
Tue 25-09-18 |
Wed 26-09-18 |
54 |
Application Engineer,Project Manager |
$ 768.00 |
Signing Contract |
2 days |
Thu 27-09-18 |
Fri 28-09-18 |
55 |
Application Engineer,Project Manager,Toyota Director |
$ 768.00 |
Receiving Software |
2 days |
Mon 01-10-18 |
Tue 02-10-18 |
56 |
Application Engineer |
$ 288.00 |
Renewal of Software |
3 days |
Wed 03-10-18 |
Fri 05-10-18 |
57 |
Application Engineer |
$ 432.00 |
Hardware |
9 days |
Tue 18-09-18 |
Fri 28-09-18 |
$ 4,016.00 |
||
Hardware Upgradation |
5 days |
Tue 18-09-18 |
Mon 24-09-18 |
52 |
Project Manager |
$ 1,200.00 |
Project Office Setup |
4 days |
Tue 25-09-18 |
Fri 28-09-18 |
60 |
Application Engineer,Database Administrator,Programmer Analyst,Project Manager |
$ 2,816.00 |
ERP Implementer |
20 days |
Tue 18-09-18 |
Mon 15-10-18 |
$ 4,800.00 |
||
Developing RFP |
5 days |
Tue 18-09-18 |
Mon 24-09-18 |
51,52 |
Programmer,Programmer Analyst |
$ 1,680.00 |
Proposals Detailed Review |
3 days |
Wed 03-10-18 |
Fri 05-10-18 |
56,57 |
Programmer Analyst,Content writer,Application Engineer |
$ 1,248.00 |
ERP Implementer Selection |
3 days |
Mon 08-10-18 |
Wed 10-10-18 |
64 |
Application Engineer,Project Manager |
$ 1,152.00 |
Sign Contract |
3 days |
Thu 11-10-18 |
Mon 15-10-18 |
65 |
Project Manager,Toyota Director |
$ 720.00 |
ERP System Installation |
35 days |
Mon 01-10-18 |
Fri 16-11-18 |
$ 11,056.00 |
||
Documentation |
9 days |
Tue 16-10-18 |
Fri 26-10-18 |
$ 864.00 |
||
Documentation Processes |
5 days |
Tue 16-10-18 |
Mon 22-10-18 |
66 |
Content writer |
$ 480.00 |
End-User Documentation Preparation |
4 days |
Tue 23-10-18 |
Fri 26-10-18 |
69 |
Content writer |
$ 384.00 |
Training |
11 days |
Mon 29-10-18 |
Mon 12-11-18 |
$ 1,584.00 |
||
Training Conduct Level I |
4 days |
Mon 29-10-18 |
Thu 01-11-18 |
70 |
Trainer |
$ 576.00 |
Training Conduct Level II |
4 days |
Fri 02-11-18 |
Wed 07-11-18 |
72 |
Trainer |
$ 576.00 |
Train End User |
3 days |
Thu 08-11-18 |
Mon 12-11-18 |
72,73 |
Trainer |
$ 432.00 |
Configuration |
8 days |
Mon 01-10-18 |
Wed 10-10-18 |
$ 2,496.00 |
||
System Implementation and Configuration |
4 days |
Mon 01-10-18 |
Thu 04-10-18 |
55,56 |
Application Engineer |
$ 576.00 |
Preparing Prototype |
4 days |
Fri 05-10-18 |
Wed 10-10-18 |
76 |
Application Engineer,Programmer,Programmer Analyst |
$ 1,920.00 |
Development |
11 days |
Fri 05-10-18 |
Fri 19-10-18 |
$ 3,072.00 |
||
Assessing Project Requirements |
4 days |
Fri 05-10-18 |
Wed 10-10-18 |
76 |
Project Manager |
$ 960.00 |
Preparing Project Design |
4 days |
Thu 11-10-18 |
Tue 16-10-18 |
79 |
Project Manager |
$ 960.00 |
Building Prototype |
3 days |
Wed 17-10-18 |
Fri 19-10-18 |
79,80 |
Application Engineer,Project Manager |
$ 1,152.00 |
Data Migration |
10 days |
Mon 22-10-18 |
Fri 02-11-18 |
$ 1,440.00 |
||
Assessing Data Requirements |
4 days |
Mon 22-10-18 |
Thu 25-10-18 |
81 |
Database Administrator |
$ 576.00 |
Preparing Data |
3 days |
Fri 26-10-18 |
Tue 30-10-18 |
83 |
Database Administrator |
$ 432.00 |
Uploading Data |
3 days |
Wed 31-10-18 |
Fri 02-11-18 |
84 |
Database Administrator |
$ 432.00 |
Testing |
10 days |
Mon 05-11-18 |
Fri 16-11-18 |
$ 1,600.00 |
||
Performing Unit Tests |
5 days |
Mon 05-11-18 |
Fri 09-11-18 |
85 |
Software Tester |
$ 800.00 |
Performing Integration Tests |
5 days |
Mon 12-11-18 |
Fri 16-11-18 |
87 |
Software Tester |
$ 800.00 |
Support |
14 days |
Mon 19-11-18 |
Thu 06-12-18 |
$ 1,792.00 |
||
Procedures for Setup |
6 days |
Mon 19-11-18 |
Mon 26-11-18 |
87,88 |
IT Support |
$ 768.00 |
Help Desk Upgrade |
4 days |
Tue 27-11-18 |
Fri 30-11-18 |
90 |
IT Support |
$ 512.00 |
Providing Assistance |
4 days |
Mon 03-12-18 |
Thu 06-12-18 |
91 |
IT Support |
$ 512.00 |
Project Closure |
11 days |
Fri 07-12-18 |
Fri 21-12-18 |
$ 1,824.00 |
||
Project handover to the Client |
4 days |
Fri 07-12-18 |
Wed 12-12-18 |
92 |
Project Manager,Toyota Director |
$ 960.00 |
Client’s Agreement |
3 days |
Thu 13-12-18 |
Mon 17-12-18 |
94 |
Toyota Director |
$ 0.00 |
Preparing Final Documentation of the Project |
4 days |
Tue 18-12-18 |
Fri 21-12-18 |
94,95 |
Content writer |
$ 384.00 |
Resource Release |
2 days |
Tue 18-12-18 |
Wed 19-12-18 |
95 |
Project Manager |
$ 480.00 |
Work Breakdown Structure
WBS |
Task Name |
Duration |
Start |
Finish |
0 |
Toyota implementing new ERP System |
193 days |
Wed 28-03-18 |
Fri 21-12-18 |
1 |
Toyota’s post-Brexit Supply Chain Management Process |
124 days |
Wed 28-03-18 |
Mon 17-09-18 |
1.1 |
Plan |
16 days |
Wed 28-03-18 |
Wed 18-04-18 |
1.1.1 |
Car Design and Engineering |
16 days |
Wed 28-03-18 |
Wed 18-04-18 |
1.2 |
Source |
9 days |
Fri 13-04-18 |
Wed 25-04-18 |
1.3 |
Make |
51 days |
Thu 26-04-18 |
Thu 05-07-18 |
1.3.1 |
Car Manufacturing |
23 days |
Thu 26-04-18 |
Mon 28-05-18 |
1.3.1.1 |
Roll Cage Design and Implementation |
9 days |
Thu 26-04-18 |
Tue 08-05-18 |
1.3.1.2 |
Car System Design and Implementation |
14 days |
Wed 09-05-18 |
Mon 28-05-18 |
1.3.2 |
Car Fabrication |
28 days |
Tue 29-05-18 |
Thu 05-07-18 |
1.3.2.1 |
Assemble Roll Cage |
18 days |
Tue 29-05-18 |
Thu 21-06-18 |
1.3.2.2 |
Assemble Suspension System |
10 days |
Fri 22-06-18 |
Thu 05-07-18 |
1.4 |
Testing and Delivery |
30 days |
Fri 06-07-18 |
Thu 16-08-18 |
1.4.1 |
Final Assemble |
15 days |
Fri 06-07-18 |
Thu 26-07-18 |
1.4.2 |
Testing |
12 days |
Mon 16-07-18 |
Tue 31-07-18 |
1.4.3 |
Testing of Procured Parts of Cars |
12 days |
Wed 01-08-18 |
Thu 16-08-18 |
1.5 |
Return |
10 days |
Fri 17-08-18 |
Thu 30-08-18 |
1.6 |
Documentation Processes |
6 days |
Fri 31-08-18 |
Fri 07-09-18 |
1.7 |
Renewal of Processes |
6 days |
Mon 10-09-18 |
Mon 17-09-18 |
2 |
Software |
14 days |
Tue 18-09-18 |
Fri 05-10-18 |
3 |
Hardware |
9 days |
Tue 18-09-18 |
Fri 28-09-18 |
4 |
ERP Implementer |
20 days |
Tue 18-09-18 |
Mon 15-10-18 |
5 |
ERP System Installation |
35 days |
Mon 01-10-18 |
Fri 16-11-18 |
5.1 |
Documentation |
9 days |
Tue 16-10-18 |
Fri 26-10-18 |
5.2 |
Training |
11 days |
Mon 29-10-18 |
Mon 12-11-18 |
5.3 |
Configuration |
8 days |
Mon 01-10-18 |
Wed 10-10-18 |
5.4 |
Development |
11 days |
Fri 05-10-18 |
Fri 19-10-18 |
5.5 |
Data Migration |
10 days |
Mon 22-10-18 |
Fri 02-11-18 |
5.6 |
Testing |
10 days |
Mon 05-11-18 |
Fri 16-11-18 |
6 |
Support |
14 days |
Mon 19-11-18 |
Thu 06-12-18 |
7 |
Project Closure |
11 days |
Fri 07-12-18 |
Fri 21-12-18 |
Cost-Benefit – INPUT VALUES |
|
Hardware |
$ 4,016.00 |
Software |
$ 3,776.00 |
Development team salaries |
$ 3,072.00 |
Training |
$ 1,584.00 |
Total Development Cost |
$ 12,448.00 |
Hardware |
$ 3,560.00 |
Software |
$ 309.00 |
Operational Labour |
$ 17,500.00 |
Total Operational Cost |
$ 21,369.00 |
Approximate salary savings |
$ 99,950.00 |
Reduced operating cost |
$ 35,550.00 |
Total Benefit |
$ 1,35,500.00 |
Discount Rate Used |
3.00% |
Project Cost-Benefit Analysis |
||||||||
Analysis Variables: |
Enter values for the cost-benefit analysis in the INPUT_VALUES worksheet. |
|||||||
Discount Rate Used |
3.00% |
|||||||
Annual Benefits |
$ 1,35,500.00 |
|||||||
Annual Operational Costs |
$ 21,369.00 |
|||||||
One-Time Development Cost |
$ 12,448.00 |
|||||||
Year of Project |
||||||||
0 |
1 |
2 |
3 |
4 |
5 |
TOTALS |
||
Economic Benefit |
$0.00 |
$1,35,500.00 |
$1,35,500.00 |
$ 1,35,500.00 |
$ 1,35,500.00 |
$ 1,35,500.00 |
||
Discount Rate |
1.0000 |
0.9709 |
0.9426 |
0.9151 |
0.8885 |
0.8626 |
||
PV of Benefits |
$0.00 |
$1,31,553.40 |
$1,27,721.75 |
$1,24,001.69 |
$1,20,389.99 |
$1,16,883.49 |
||
NPV of all BENEFITS |
$0.00 |
$1,31,553.40 |
$2,59,275.14 |
$ 3,83,276.84 |
$ 5,03,666.83 |
$ 6,20,550.32 |
$ 6,20,550.32 |
|
One-Time COSTS |
$(12,448.00) |
|||||||
Recurring Costs |
$0.00 |
$ (21,369.00) |
$ (21,369.00) |
$ (21,369.00) |
$ (21,369.00) |
$ (21,369.00) |
||
Discount Rate |
1.0000 |
0.9709 |
0.9426 |
0.9151 |
0.8885 |
0.8626 |
||
PV of Recurring Costs |
$0.00 |
$ (20,746.60) |
$ (20,142.33) |
$ (19,555.66) |
$ (18,986.08) |
$ (18,433.09) |
||
NPV of all COSTS |
$(12,448.00) |
$ (33,194.60) |
$ (53,336.93) |
$ (72,892.60) |
$ (91,878.68) |
$ (1,10,311.76) |
$ (1,10,311.76) |
|
Overall NPV |
$ 5,10,238.56 |
|||||||
Overall ROI |
|
|||||||
4.6254 |
||||||||
Break-even Analysis |
||||||||
Yearly NPV Cash FLOW |
$(12,448.00) |
$1,10,806.80 |
$1,07,579.41 |
$ 1,04,446.03 |
$ 1,01,403.92 |
$ 98,450.40 |
||
Overall NPV Cash FLOW |
$(12,448.00) |
$ 98,358.80 |
$2,05,938.21 |
$ 3,10,384.24 |
$ 4,11,788.16 |
$ 5,10,238.56 |
The new ERP implementation will assist the employees of the organisation to carry out the business process more efficiently and more accurately. The managers and the directors of Toyota will be able to monitor and manage the business operations and the clients’ activities well. They can predict the profit.
The Project manager prepares the entire project plan, and he is responsible for controlling and the monitor every activity of the project. He must monitor whether all the activities are being carried out within the stipulated time and stipulated budget. The stakeholders are bound to follow the project plan and need to finish the activities within the timeline and the budget. If they fail to deliver within the timeline, the project cost will increase, and in that scenario, Toyota can suffer heavy loss (Issar and Navon 2016). After the completion, the project will be handed over to the Toyota Director. If he is satisfied, he will clear all the payments and project manager will release all the resources. If he is not satisfied, the project manager will have to change strategies and will have to rework. The project manager needs to keep records and needs to prepare documentation for the business process.
Scope statement
Conclusion and Recommendation
The UK will have to face tough challenges in post Brexit period. There is a possibility they can suffer both economically and financially. This can negatively influence Toyota. Toyota can face suffering from the economic crisis as well. Toyota thus decides to change the business model. They plan to upgrade the supply change management process and want to implement the ERP software on their premises. All these can help them to adapt to the adverse condition of Brexit. They can get a competitive advantage and earn a profit.
They need to hire a trainer. The trainer will train the employees about the ERP software. The employees can be able to carry out the business operations more efficiently. The Director, the automobile engineer and the mechanical engineer, will have to take the responsibility and will have to ensure that the business operations will be carried out efficiently.
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