Repeatability and Reproductivity

Topic: Project Scope Statement

Christine Singleton

July 6, 2017

Project Overview

The inventory management system aims at raising the competitive advantage of Wal-Mart Inc. through increased communication and coordination of the inventory management process. The new system intends to improve the efficiency of the operations within the supply chain of the store. The goods and services get replenished as soon as they run out so that customers get the products and services in the store. The new inventory management system is a worthy venture that’s going to save the institution millions and increase service delivery.

Project objectives

Because of increased product demands and the enormous nature of the supply chain used in running Walmart Inc. it becomes difficult to keep managing the data using manual data processing. The software would get released towards the end of the financial year. The application comes along with new features that enhance the operations within the supply chain process for instance order processing, auto-inventory update and stock management. The application offers immediate information about the stock levels within the company and alerts the management on the products that are on high demand and their levels are soon reaching their reorder levels. The application would work under the highest level of accuracy based on existing data, taking the least time to present information to the user.

Product Scope Description

The inventory management system would run on the computers within the company that already have the latest version of Windows operating system installed. The application would get the storage of the entire company’s inventories and the projection of the product and service demand for the coming five years. The system is easy to use; however, the users must be trained to operate within their corresponding administrative rights.

Project Boundaries

Müller, (2013) argued that the inventory management system requires the stakeholders to report their business transactions summary to their managers for projections and reorders. The information is specifically used for tallying the sales and setting the trends for given items that are on demand and determine the customers visiting the Walmart Inc. stores. The inventory management system is there to help people with reporting services.

Project Deliverables

The project would begin from a prototype that seeks the approval of the stakeholders if the system in place is actually the one that captures all their needs and requirements of the company. Other deliverables include test reports and plan, and lessons learned.

Product Acceptance Criteria

Müller, (2013) argued that the new features of the inventory management plan have its corresponding quality plans meant to determine if it operates to the desired standards. The intention of the testing phase checks for weaknesses and determines the areas that need immediate considerations and improvement to the market standards. The standards of quality depend on the quality assessments performed on the system.

Project Constraints

Toomey, (2015) argued that the main constraints of the project include time, costs and user training have direct implication to the release of the application to the Walmart’s management. The user interface and other features must operate as needed before its released for use, and the workers must undergo a fundamental training program that goes together with the release.

Identified Risks

The main risk is to fail to launch the inventory management system beyond the 31st of December 2017 because its allocation would be used up and would eat into the funding for the next year. Another risk involves attainment of the Technical Feasibility on the scheduled dates. The performance goals of the application must be met; otherwise it’s a big risk.

Cost Estimate and Project Specification

Müller, (2013) argued that Wal-Mart Inc. requires at least $ 250,000 for the development of the inventory management system that’s not only functional but meets the needs of the company to the fullest. An implementation guideline would help the team train and deploy the system to the company. The system intends to reduce wastes of resources and allocate the customers their goods on demand.

Walmart Inc. SIPOC

References:

Müller, M. (2013). Essentials of inventory management. New York: AMACOM.

Toomey, J. W. (2015). Inventory Management: Principles, Concepts and Techniques. Boston, MA: Springer US.