Tuesday, April 15, 2014

Cost of Goods

Executive Summary

Over the past year I have had the opportunity to interact with a fellow MBA student by the name of Derek Johnson. Derek founded and, until coming to the MBA program, operated a small-town bakery called Cowboy Donuts. He was very efficient with his operations and as the bakery began to grow he began to keep track of all the supplies he ordered. He did this by entering the product, ID, cost, and various other things into excel.
He then began entering all the products he sold through the bakery as well. He used many V-Lookups and other formulas that allowed everything to update when the cost of a supply went up. This created messy worksheets that he wasn’t comfortable letting others use. He was worried that by letting others enter the information that they may mess up the code and ruin the whole workbook. So when Derek left to come back to school, the updating of the workbook stopped.
What my project entails is the simplifying of all this data. I wanted to go in and create user forms that would allow any knowledgeable employee to update and add information as necessary. Part of my objective was to eventually have no formulas in any cells. I wanted all the calculations to take place behind the scenes and hide all the data sheets. The end result was to be user proof Excel workbook that would allow easy updating of both supplies and products for sale.

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