Capstone project Title of the project: Costs and benefits of labeling changes to meet new government standards for a small manufacturer of olive oil production. The capstone experience is the final evaluation of the student’s mastery of the M.B.A. learning outcomes. There are three importants activities: Homework relating to the project is Costs and benefits of labeling changes to meet new government standards for a small manufacturer of olive oil production: identifying research sources, summarizing the context, and planning the quantitative analysis. The project is the culmination of your work , and demonstrates the integration of skills taught in the various courses and experiences. Unlike final papers in your other classes: 1. it is not a descriptive paper but instead is an application of research to a specific problem or situation. Think of it as a consulting project where you identify a problem for an organization or an ongoing issue, analyze the causes of the problem or issue, and make recommendations based on your original analysis. You may choose a project based on a current issue for your employer or an organization you know well. This should not be a business plan or a similar format that does not involve original analysis of a problem. It should not be something that you are working on with other people in your organization. This does not need to be a huge project. See the list of past topics for ideas. 2. it includes a discussion of the context—either the organizational context, the industry or competitive context, the legal or regulatory context, or the global context 3. It must include a quantitative analysis created by the student. In other words, it cannot include secondary data or an analysis from another source. The appropriate analysis varies by subject. A marketing project may calculate expected changes in market share or in revenues. Cost/benefit analysis can be used to measure the impact of organizational changes. Financial measures are appropriate for many projects. Production and operations management analysis can be used to study logistical changes.

ost and benefits of labeling for fortune olive oil company:
As per the new standards laid down by the government Fortune olive oil company needs to impliment labeling norms in the organisation. The company has a small supply chain which is mostly dependent on workers. at every step the work is supervised then it reaches to its next destination. The company churns out 200 bottles of olive oil per day. The company does not use any professional labeling solution in its supply chain. The company is facing with a problem of extra cost related to labeling changes made by hand , rechanging the labels if the order has been changed or recalled by the company back. Even though Fortune is a small company it needs to be efficient in all aspects to be successful. The supply chain should be short and efficient in order to earn profit. The reasons why Fortune needs/benefits of labeling solution is as follows:
Compliaying with the government changes
Changes can be implimented easily
Data entry mistakes can be avoided using barcodes
Barcode scanning is a faster and acurrate process in comparision to mannual labour
Branding can be done according to the manufacturers choice
2 or more manufacturing units can be synced and use the same system
Multiple languages can be used in the system and changes can be done easily
leads to operating efficiency
The cost of the system is a one time expenditure but the benefits of the same is for a longer period of time. The cost of the system is comparitavely less in comparison to the benefits which were listed above. usually the label system is customised and given according to the needs of the company.
2. The company comes into legal, competitive and global context . The label changes comes into legal or regulatory aspect or context as the government has some rules and regulations which needs to be adhered to one of them being the labeling standard followed by all manufacturers.
the labeling change comes into a competitive context as labelling reflects the brand of the company . each company has a unique labelling which becomes a sign for the product and company and can be identified easily in between from competitors. therefore to stand out from the competitors it needs to be unique which can be achieved through labeling and packaging.
The labeling change will help the company to go global in terms of automation in manufacturing process. barcode scanning, better flexibility, changes in languages, manufacturing units in other countries can be synced with the main system. global standards can be maintained.
3. Production and operational management analysis:
If the product moves faster and effeciently the company will save money and time , increase productivity , improve the satisfaction of consumers etc. there are many issues which the companies face which do not realise the importance of labeling for example if the supplier supplies the materials with wrong label, rebranded logo of the product is not available on the product etc tackling all the problems will cost a lot of money and time. problems faced by manufacturers are mostly in customer specific labels, slow printing speeds,product specific labels etc which leads to hundreds and thousand dollars of wastage in productivity
in comparision if we take a comapny which integrates the labeling solution with its existing supply chain systems it can make a huge difference . it provides centralized control, changes become easy ,errors can be reduced, performance goes up as the system can be used on old printers as well output increases and you save a lot in productivity.
 
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