Explain the potential benefits to marino enterprises

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Reference no: EM133130277 , Length: 10 slides

Question: In this activity, you will have to submit a meeting presentation slides and a briefing document.

In the meeting presentation slides, you must include all required discussion points and proposed outcomes for each of the following;

Introduced the participants to each other in a professional and cordial manner.
Confirmed that Crave Catering are happy with the supply and that all KPI's have been satisfactorily met
Explain and reinforce the underlying philosophy of Marino Enterprises regarding mutual cooperation
Suggest that Marino and Greenfields Butcher and Best Bite Café establish a cooperative partnership
Explain to Greenfields Butcher the potential benefits to them of the cooperative business relationship.
Explain to Best Bite Café the potential benefits to them in establishing a cooperative business
Explain the potential benefits to Marino Enterprises of establishing a cooperative business
Advise the attendees that the discussions in the meeting are commercial in confidence
Provide Best Bite Café with the pricing agreed with Greenfield Butcher for Crave Catering
Discussed/evaluated COGs to affirm how a cooperative arrangement would benefit Best Bite Café
Provide a solution so that each of the parties could benefit from the cooperative partnership
sum up the arrangements and benefits to each of the parties from the informal cooperative partnership
Proactively identify opportunities for this new cooperative partnership to maintain regular contact
Use input from the Greenfields Butcher's Manager to evaluate COGS criteria
Use effective high-level communication, negotiation and relationship building skills and techniques
Follow professional and organisational protocols when conducting the negotiations to establish the relationship

In the briefing document, you will have to write a briefing base on your meeting presentation slides and demonstrate the Roleplay Script for the Roles below by following the Outline of Roleplay Script and instructions.

Specific instructions for role players include:

Role	Played by	Outline of Roleplay Script
Marino Enterprises' Purchasing Manager	Student being assessed	· introduce Greenfields Butcher's Manager and Best Bite Café owner to each other confirm your email advice to the Greenfields Butcher's Manager that Crave Catering are happy with the supply and that all KPI's have been satisfactorily met so far. Explain to Greenfields Butcher and reinforce to Best Bite Café the underlying philosophy of Marino Enterprises that, within the Marino Complex, business will benefit by mutual cooperation rather than competing with each other Explain to Greenfields Butcher and Best Bite Café that you believe there may be potential benefits in establishing a cooperative business relationship between all three parties. Advise the attendees that the discussions in the meeting are commercial in confidence Provide Best Bite Café with the pricing agreed with Greenfield Butcher for Crave Catering Advise Best Bite Café that Crave Catering have achieved an average 28% COGS with these prices, and ask Best Bite what their COGs is currently When Best Bite advises that their COGS is 32%, ask Greenfields Butcher what, from there experience, should be an acceptable COGS Outline what you consider are the potential benefits to each party of a cooperative business relationship between all three parties After Best Bite Cafe has indicated that it would enter into a 12-month agreement if the prices were the same as for Crave Catering, suggest a way that you could guaranteed that the prices would be the same and satisfy Greenfields Butcher large order quantity requirements and also provide a small monetary saving to Crave catering. If Greenfields Butcher accepts your proposed solution, sum up the arrangements and benefits to each of the parties from this informal cooperative partnership, Suggest how this new cooperative partnership can maintain regular contact · Thank participants for their attendance. Use effective high-level communication, negotiation and relationship building skills and techniques, in line with professional protocols to negotiate and establish a cooperative partnership between all parties. Seek and incorporate feedback and input from your business colleagues where appropriate, including- evaluating the Greenfield's pricing against the Best Bite Café Cost of Goods Sold (COGS) performance Incorporate any available specialist advice if appropriate
Best Bite Café owner	another student	When provided with the pricing agreed with Greenfield Butcher for Crave Catering, agree that you are currently paying your supplier higher prices When asked, advise that the Best Bite Café COGS is currently 32% Also advise that the weekly quantities that you need are much lower than Crave Catering until Best Bite can grow their business, but that you anticipate you will reach this quantities when you have grown the business more. When asked, say that you would be willing to enter a 12-month supply agreement if the prices were attractive enough When prompted, confirm that you will commit to a similar 12 supply agreement within 6 months When prompted, agree to cover the delivery fee for combined deliveries.
Greenfields Butcher's Manager	Assessor	When asked, advise the attendees that from your experience and expertise as a major hospitality supplier, the COGS should be in the range 25% to 30%, but definitely not more than 30% If prompted, suggest that you would be willing to offer the same prices and terms to Best Bite Café if their order quantities are large enough and if they committed to a similar 12 supply agreement. When Best Bite say they have much smaller quantities, ask them if they would be willing to enter into a 12-month supply arrangement When Marino' Purchasing Manager has suggested that Best Bite Café and Crave Catering combine their orders, agree that is a good proposal which would benefit all parties. Agree with this proposal to combine orders in principle provided Best Bite commit to a similar 12 supply agreement within 6 months. Also agree that only 1 delivery fee will be charged if the deliveries are made together

Reference no: EM133130277

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