Hello- I just need 6 Paragraphs which means 2 full pages highlighted in the attached document.Please read the instructions before accepting my work. Using the IS alignment work and the financial analy

Running head: 0

IT Strategy for Father and Son Pizzeria (1 PARAGRAPH NEEDED)

[To introduce your IT strategy, provide an executive summary that clearly describes what you are recommending and why it will benefit the business. Include a brief summary of the financial benefits. This introduction should be a paragraph or more, but less than a page.]

Description of the Business

Mr. Vega's primary challenge is the size and place of his business, a tiny restaurant without a parking lot on a blue-collar city's six-block main road. Only about $10,000 a week was carried by the business, even with its improvements. Only because he worked for a long time, typically seven days a week, he got income. Mr. Vega realized he was unable to go on like this. The options offered by Mr. Vegas are that they could develop, add tables, increase prices, and become less of a takeout place, or they could sell the restaurant and focus on becoming a tomato sauce manufacturer and wholesaler. According to this study, production, packaging, hygiene, regulations, sales and distribution are important new sets of skills to enhance the revenue. According to Bill Beck, Chef and owner of Beck's Cajun Cafes, His Jersey Italian Gravy concept is for him the best long-term business model and the most realistic and easiest way to do that on his bank account is to slowly sail into the company, seeing how the sector beyond his hometown gets another tomato sauce.

IT Strategy Proposal

The need for greater productivity has boosted technological developments, client expectations and particularly globalization. Productivity refers to how well an organization converts input (such as labor, equipment, machinery, and capital) into products and services or production. For restaurant owners and operators, the correct tool has a significant effect. For the contemporary restaurant, the correct technology is fundamentally a necessity.

Table-Top Technology:

The use of tabletop technology in the restaurant industry continues to grow. Tabletop technology impacts multiple aspects of a restaurant experience from an operational view that can benefit both the operator and the customer. This technology could speed up the dining process from 16 to 31 percent, faster turning over tables, which would boost earnings from restaurants. First, there are two primary advantages to the capacity to limit meal duration: the ability to turn tables faster for operators and the capacity of customers to complete their meals at their discretion. Because restaurants have fundamentally a fixed ability, lowering table turnover time improves the amount of customers served each day, assuming extra seats are required. For instance, using a restaurant's conservative estimate of $2.5 million in revenues and attaining a 15% decrease in table turn time, there is the potential for an extra $375,000 in unmet demand sales (Susskind & Curry, 2016).

Potential labor savings are the next advantage for operators. There is also the potential for labor savings that can be used either to reduce costs or to make the customer experience more personalized. If tabletop technology decreases the quantity of time servers that need to attend to their customers, operators can use that "surplus" service labor to enhance service delivery by paying more attention to customers or making each server accountable for a greater number of customers (Susskind & Curry, 2016).

Online Ordering and Food Delivery Apps:

Having a website is a necessity for most businesses these days including restaurants. In the restaurant sector, there is also an evolving trend that increases revenues and makes restaurants more effective. Online ordering should be a key component of the website, as it enables customers to order from their location's comfort. Online ordering also makes more effective the majority of restaurants. We can increase revenues with additional new and returning clients by improving the online presence of the brand on the market. It provides accurate data about the restaurant's cash flow. You will be able to maintain track of the expenses incurred during the preparation of an order and compare it with the expenses you give to the client while maintaining a track of profitability. The market for online orders is increasing rapidly and orders placed online are, on average, 20 percent greater than purchases made in restaurants. Operators offering online restaurant ordering systems see advantages such as greater income, more precise orders and information monitoring. Restaurateurs realize that smartphone apps do not cause clients to drop off, but rather help build a new customer base. (Narita, 2018).

Digital POS System:

POS (Point Of Sale) restaurant technologies are commonly used in the hospitality industry. Restaurant point of sale systems, allow restaurants to deliver great customer service by managing orders, payment, and promotions. They also make it simpler to manage restaurants by reporting, stocking, and labor control. Restaurant POS systems are crucial for food and beverage business who want to offer a wonderful customer experience, maintain cost control, and increase their income and general profitability. This computerized system enables company owners to monitor sales, money flow, food stock and can help greatly simplify bookkeeping. This makes it safer for both the customer and the company to swipe credit cards. It facilitates communication between the waiting staff and the kitchen. Orders go straight to the kitchen printer via the desktop. Another advantage of a restaurant POS program is that everything from food use to the most famous menu items can be tracked. A POS system can organize profit and loss declaration and sales tax in conjunction with the daily activities of a restaurant (Mealey, 2019).

Sourcing Strategy (1 PARAGRAPH NEEDED)

[In one or more paragraphs, describe your sourcing strategy. Will the implementation of the initiatives be done with in-house or outside resources, or a combination of the two? Will ongoing support be done with in-house or outside resources, or a combination? In other words, who (what organization) will do the work? You will need to explain why are proposing a certain strategy. For instance, outside expertise may be needed to supplement the internal personnel regarding the use of certain technologies. Make sure the financials reflect the costs in your sourcing strategy.]

Financial Case (1 PARAGRAPH NEEDED)

[Describe the cost / benefit analysis in one or more paragraphs. Be very clear about how much the IT initiatives will cost and what the expected benefits will be. Cite resources that you used to develop your cost / benefit analysis. For instance, you may have found an article on another company that was able to achieve a 20% increase in sales with an initiative similar to what you are recommending. The more concrete examples you can cite, the more believable the financial case will be. After summarizing the financial reasons for your proposal, refer the reader to Table 1. Update Table 1 on the next page with the data from your return on investment spreadsheet.]

.

Table 1

Return on Investment

FATHER AND SON PIZZERIA

Year

Initial Investment

Hardware costs

$50,000

 

 

 

Purchased software costs / licenses

$28,000

 

 

 

Development costs

$10000

 

 

 

Training costs

$15000

 

 

 

Conversion costs

$5000

 

 

 

[Other initial investments]

$0

 

 

 

[Other initial investments]

$0

 

 

 

Total Initial Investments

$108000

 

 

 

Benefits from Technology Strategy

Increased sales and revenue

 

$125,000

$150,000

$200,000

Reduced personnel costs

 

$20,000

$15,000

$10,000

Reduced product costs

 

$3,000

$8,000

$12,000

Reduced distribution costs

 

$6,000

$10,000

$12,000

Reduced advertising and marketing costs

 

$7,000

$12,000

$15,000

[Other benefits]

 

$0

$0

$0

[Other benefits]

 

$0

$0

$0

[Other benefits]

 

$0

$0

$0

Total Benefits

 

$161,000

$195,000

$249,000

Costs (Excluding Initial Capital Investments)

Depreciation on capital expenditures

 

$38,450

$38,450

$38,450

Software licensing fees

 

$3,000

$8,000

$9,000

Ongoing user support and training

 

$4,000

$4,000

$4,000

Ongoing systems support

 

$9,000

$12,000

$15,000

Hosting / Cloud computing

 

$6,000

$10,000

$12,000

General and administrative

 

$5,000

$5,000

$5,000

[Other costs]

 

$0

$0

$0

[Other costs]

 

$0

$0

$0

[Other costs]

 

$0

$0

$0

Total Costs

 

$65,450

$77,450

$83,450

Totals

Net Benefits (Costs)

 

$44,980

$67,400

$89,000

Tax

 

$10,860

$14,560

$25,070

Value after tax

 

$34,120

$52,840

$63,930

Depreciation added back

 

$38,450

$38,450

$38,450

Cash flow

($108000)

$72,570

$91,290

$102,380

Cumulative cash flow

($108000)

($35,430)

$55,860

$158,240

Evaluation Metrics

Net present value (NPV)

$110,339

Internal rate of return (IRR)

58.37%

Payback period (in years)

1.39

Three-year total ROI

167.29%

Implementation Timeline (1 PARAGRAPH NEEDED)

[Describe the timeline and sequencing of the IT initiatives in one or more paragraphs. Make sure the timeline is consistent with the financials. For instance, if initiative three does not go live until year two, you cannot show any benefits for that initiative in year one. Be very clear about when the initiatives will be implemented. Will all initiatives be implemented at the same time or will the initiatives be implemented one at a time? Explain why you are proposing a specific sequence. In addition to describing the timeline, you can include an APA figure for the timeline, if that is additive.]

Plan for Sustaining the IT Initiatives (1 PARAGRAPH NEEDED)

[In one or more paragraphs describe your plan for ongoing operations and support of the IT investments you are proposing. If you plan to use a particular governance model and / or a portfolio management approach, describe it here. Include the KPIs (key performance indicators) that you will use to measure the value of the IT work.]

Summary (1 PARAGRAPH NEEDED)

[Provide a one- or two-paragraph summary of your IT strategy and how it will add value to the business.]

References

Last Name, F. M. (Year). Article Title 1. Journal Title 1, Pages From - To.

Last Name, F. M. (Year). Article Title 2. Journal Title 2, Pages From - To.

Last Name, F. M. (Year). Article Title 3. Journal Title 3, Pages From - To.

Last Name, F. M. (Year). Article Title 4. Journal Title 4, Pages From - To.

Last Name, F. M. (Year). Article Title 5. Journal Title 5, Pages From - To.

Last Name, F. M. (Year). Book Title. City Name: Publisher Name.