Based on all the knowledge you gain through this class and specifically the hundreds of best practices you encounter, you are to develop a best practices program or library for your company of choice. In your Best Practices Portfolio, you are to choose several key areas that are specific to your organization and establish a set of best practices for each key area. As an example, if you choose a manufacturing company, your key best practices areas might include, contract negotiation, material pricing, inbound logistics, outbound logistics, purchasing and requisition, inventory control, production control, and/or finished goods inventory to name a few. Your objective is to choose several key results areas that are critical to the type of company that you choose, evaluate, and implement several best practices within each key results area.
By now you should know that service, retail, and manufacturing all have differing key results areas. Even though some key results areas may be the same, the best practices may differ between industries, companies, and departments. You are required to integrate the Saint Leo University Core Value of responsible stewardship into your Best Practices Portfolio. Since you are dealing with raw materials, human resources, and capital resources the responsible stewardship Core Value will easily mesh with any set of best practices. Lastly, your Best Practices Portfolio must contain some sound conclusions and/or recommendations based on your research about best practices. Make sure that your conclusion or recommendations present something specific in nature that are not a rehash of information in the textbook or articles you read in the class. You must present a strong program of best practices that a company can implement and monitor to help enhance its effectiveness, efficiency, profitability, quality, or customer satisfaction.