Group meeting:
We set up a group meeting to discuss many topics:
· Finance sheet: we revised the balance sheet.
· Expenses: we calculated our expenses for the coffee beans.
· Selling price: we discussed the price of the low quality blends.
· Promotion: we talked about the kind of promotions that we had to do for our customers and the high quality retails.
Meeting minutes:
· I wrote the meeting decision and planning for the second day of period 1.
E auction:
· As we had to buy the high quality blend to sell it to our customer, we tried to find a blend with good price. During our search I found a 50 kg of high blend for dh2400 to start the bid and for the buy now was for dh2800. I talked to my group about this and they agreed to purchase it because it is a good price.
Record of strategic decisions:
· We created an Excel sheet for our price strategies, and what procedures that we have to do to sell our blend. However, we were not sure that if this method is a correct or not, so we arranged a meeting with Miss Haya on Sunday morning to discuss with her this. Also, we asked her to help us in the finance sheet and specially the ‘income statement’ and the ‘inventory planning’.
Friday, May 16, 2008
Wednesday, May 14, 2008
Fourth Day of Tejari
Trading period 1
Today we started trading period 1. We asked by our teacher to be at college before 9 am therefore to receive Mr.Jaweed’s email to start the trading. However, the email delayed and received to us at 11:49. The email contained the newsflash about the total Market Demand in coffee stock.
At the beginning our group was confused about the email, we didn’t know what we have to do. We tried to read and understand the requirement. We also asked the other groups if they had understood anything so they could help us. After this we sent Miss Haya email about the issue and she was so cooperative with us; she came to the class and explained to us some of the strategies.
During the biding we had take screen shot of every bid that we participated on it and that we won on it. This was for keeping records about our strategic decision; also we kept the auction receipts.
When we understood well the procedure of the trading, we entered the Auction and started to bid. We managed to purchase 400 kg of Arabica and 500 kg of Robusta. Unfortunately, we didn’t sell anything of the low quality blend because of a problem in the system. We hope for tomorrow we sell our blends and start to do profit and cover most of the expenses.
Action plan
While we were waiting for Mr.Jaweed’s email our group manager suggested that we had to start working on the action plan instead of wasting time waiting.
Today we started trading period 1. We asked by our teacher to be at college before 9 am therefore to receive Mr.Jaweed’s email to start the trading. However, the email delayed and received to us at 11:49. The email contained the newsflash about the total Market Demand in coffee stock.
At the beginning our group was confused about the email, we didn’t know what we have to do. We tried to read and understand the requirement. We also asked the other groups if they had understood anything so they could help us. After this we sent Miss Haya email about the issue and she was so cooperative with us; she came to the class and explained to us some of the strategies.
During the biding we had take screen shot of every bid that we participated on it and that we won on it. This was for keeping records about our strategic decision; also we kept the auction receipts.
When we understood well the procedure of the trading, we entered the Auction and started to bid. We managed to purchase 400 kg of Arabica and 500 kg of Robusta. Unfortunately, we didn’t sell anything of the low quality blend because of a problem in the system. We hope for tomorrow we sell our blends and start to do profit and cover most of the expenses.
Action plan
While we were waiting for Mr.Jaweed’s email our group manager suggested that we had to start working on the action plan instead of wasting time waiting.
Tuesday, May 13, 2008
Third Day of Tejari
Tejari Finance training
Mr. Tridib arranged Tejari Finance training for the finance managers of the groups, as I am the assistance of the manager finance in our group, I attended the session. In this session he explained to us the inventory planning, trading activity, flow of good, income statement and the balance sheet. However, he told us that tomorrow he will continue the training session and he will teach us the cash flow and he will going to answer our questions.
Website plan
Our group did the website plan which it included the Overview, Purpose and Objective form the website. Also, we add the Links Information on the plan and it about describing what each link does.
Group Meeting (16:00 to 17:45)
We arranged a meeting to discuss about the website designing. This was to change the ‘contact us’ link name to ‘find us’. What is more, we altered the contact form with the chat box because the difficulties that our group designer faced. In addition, we had changed the advertisements size to 152*37, because the entire group decided to have one size for all the advertisement.
Meeting minutes
I created a template on word document for our meeting agenda which we have to record our plan and decision. Moreover, I wrote the meeting for today’s agenda.
Mr. Tridib arranged Tejari Finance training for the finance managers of the groups, as I am the assistance of the manager finance in our group, I attended the session. In this session he explained to us the inventory planning, trading activity, flow of good, income statement and the balance sheet. However, he told us that tomorrow he will continue the training session and he will teach us the cash flow and he will going to answer our questions.
Website plan
Our group did the website plan which it included the Overview, Purpose and Objective form the website. Also, we add the Links Information on the plan and it about describing what each link does.
Group Meeting (16:00 to 17:45)
We arranged a meeting to discuss about the website designing. This was to change the ‘contact us’ link name to ‘find us’. What is more, we altered the contact form with the chat box because the difficulties that our group designer faced. In addition, we had changed the advertisements size to 152*37, because the entire group decided to have one size for all the advertisement.
Meeting minutes
I created a template on word document for our meeting agenda which we have to record our plan and decision. Moreover, I wrote the meeting for today’s agenda.
Monday, May 12, 2008
Second Day of Tejari
Today I gathered with my group to discuss about the website and the whole project in details.
For the website:
The group required me to write about our company.
For the project:
We set a milestone therefore to help us in organizing the work which this will assist us to meet our deadline. I was responsible on doing the milestone, which I did in Microsoft Excel.
After the meeting:
we communicated via emails with other groups about the banner advertisement size which we agreed with them to be 200 pixel *200 Pixel. In addition, our colleague Maryam contacted Khalthm Tamim from section 02 in order to exchange the banner advertising between us and her group. Furthermore, we emailed Mr.Tridib to send us the list of the contact information for students from other colleges therefore to exchange the banner advertising with them as well.
Then we entered the auction website to practice and we had won on three bids.
For the website:
The group required me to write about our company.
For the project:
We set a milestone therefore to help us in organizing the work which this will assist us to meet our deadline. I was responsible on doing the milestone, which I did in Microsoft Excel.
After the meeting:
we communicated via emails with other groups about the banner advertisement size which we agreed with them to be 200 pixel *200 Pixel. In addition, our colleague Maryam contacted Khalthm Tamim from section 02 in order to exchange the banner advertising between us and her group. Furthermore, we emailed Mr.Tridib to send us the list of the contact information for students from other colleges therefore to exchange the banner advertising with them as well.
Then we entered the auction website to practice and we had won on three bids.
Sunday, May 11, 2008
First Day of Tejari
Today we started the Tejari project and this project will go on for three weeks.
Mr. Tridib arranged meeting for all e business groups. This assembly was about clarifying the ‘Tejari’ project for us. At the first, he talked in general about the wholesaler, high quality retailer and the low quality retailer. For instance, what they do, what they buy/sell and what are the process of it. Then he explained the assessments that related to ‘Tejari’ project. For example, he mentioned the grades and how the group will be assist. In addition, he talked about the blog and the website and what we shall include in each of them. At the end of the assembly, Mr. Tridib offered his help in helping the group in the finance spreadsheet and he advised us if there any thing that we confused about it, we have to go back to ‘Tejari’ website.
After the assembly I and my group members Bushra and Maryam arranged a meeting to discuss the position of each member. Our discussion was the following: Bushra is the group leader and the marketing manger, Maryam is finical manger and me Latifa is the general assistant for the both mangers. Furthermore, during the meeting we distributed the work for this week between us. My tasks are: provide information for the website, being responsible about the ‘meeting minutes’ and create a template for it.
Miss Haya explained to us in her class the process to register at ‘eAuction’, and then she instructed us about the procedure on doing the bid. This was by practicing on Jaweed examples on some items. We also, tried to add item for sell but unfortunately we got an error while we were doing it.
At the end of the day I created my own blog on blogspot.com
Mr. Tridib arranged meeting for all e business groups. This assembly was about clarifying the ‘Tejari’ project for us. At the first, he talked in general about the wholesaler, high quality retailer and the low quality retailer. For instance, what they do, what they buy/sell and what are the process of it. Then he explained the assessments that related to ‘Tejari’ project. For example, he mentioned the grades and how the group will be assist. In addition, he talked about the blog and the website and what we shall include in each of them. At the end of the assembly, Mr. Tridib offered his help in helping the group in the finance spreadsheet and he advised us if there any thing that we confused about it, we have to go back to ‘Tejari’ website.
After the assembly I and my group members Bushra and Maryam arranged a meeting to discuss the position of each member. Our discussion was the following: Bushra is the group leader and the marketing manger, Maryam is finical manger and me Latifa is the general assistant for the both mangers. Furthermore, during the meeting we distributed the work for this week between us. My tasks are: provide information for the website, being responsible about the ‘meeting minutes’ and create a template for it.
Miss Haya explained to us in her class the process to register at ‘eAuction’, and then she instructed us about the procedure on doing the bid. This was by practicing on Jaweed examples on some items. We also, tried to add item for sell but unfortunately we got an error while we were doing it.
At the end of the day I created my own blog on blogspot.com
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