Kmart Workbench essays

Kmart Workbench essays Based on the findings of our research, the feasibility analysis of upgrading the internal inventory system "Workbench" proved to be of benefit to the Kmart Corporation. Our cost benefit analysis, which spanned over a 5-year period, reports total benefits at $2,126,000 and total cost at $1,652,000, providing a return on investment of 28.65%. Further analysis concludes that the breakeven point of this project is at 3.15 years. The development company that initially created the Workbench system will be solely responsible for design and implementation of the upgrade, and, because of this, our costs will be significantly lower than if a random developer was appointed. In addition, end-users of the system feel that training will be relatively straightforward because they will only have to learn the new improvements, keeping project costs even lower. Because the system upgrade will save employees time, make the system more user-friendly, and improve overall efficiency of the inventory system, the willingness of users to participate is high. Further, support from stakeholders will be positive because the system upgrade will increase customer satisfaction, thereby increasing overall sales and profits. The current business condition of the Kmart Corporation has made economic feasibility a top priority of the company in recent months. Because economic conditions are continuing to deteriorate and employee and customer morale has continued to decline, Kmart management is highly committed to the enhancements of the system. Overall, it can be concluded from our analysis that the end result of the upgrade will be an increase in profits for Kmart Corporation, which is becoming increasingly important as Kmart prepares for a road to economic recovery. Project Name: Inventory Tracking System Scope: Improve overall quality tracking of inventory thru the Workbench system. Responsible User, Responsible Ana...