Tuesday, November 10, 2009

Week 11 (period 10)

This entry is for the week of March 5th-11th. I believe this will be my last entry for Cafe Europa (please let me know if I'm wrong... maybe I've gone too far even...). It has been fun, and it seems like the cafe is pretty successful. Here is a final summary of weekly decisions:

Management Decisions
  • No changes were made. I kept the same total manager wages, server wages, and employee total cost.
Marketing Decisions
  • No changes were made. No old coupons were redeemed.
Operations Decisions
  • I had to make an emergency purchase of 5 lbs of coffee.
  • I purchased 60 lbs of coffee for next week.
  • I have 6017 small, 7797 medium, and 8816 large cups in inventory.
Service Capacity
  • My service capacity increased.
  • M-F: 420
  • Sat: 448
  • Sun: 392
Checkbook
  • My balance actually increased again!
  • Last week at this time (Mar 5th) my balance was $10170.67
  • My current balance (Mar 11th) is $11901.30
Income Statement
  • No changes. Same February Income Statement is available.
Comparative Results
  • These results are not based on all classmates, because not all of them have advanced through this period yet. Currently Cafe Europa is 2nd in Revenue Value, 2nd in Revenue (cumulative) Value, 2nd in Cups Sold Value, and 2nd in Customer Satisfaction.

I think Cafe Europa has done pretty well throughout the simulation. The detailed report on Moodle shows that it has been successful compared to my classmates' cafes. I believe that a profit would result if the simulation continued for several more weeks/months/years. This has been a fun, informative simulation. I think it would have been even more engaging if detailed comparative results were more readily available.

That's it!
-Madeleine

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