23

Inventory Policy

The Fingerprint Food Enterprise will be using First in, First out (FiFo) as an

inventory method. First good purchased and manufactured is also the first good sold. With

these the Entrepreneurs can avoid spoilage. In this method, the Entrepreneur can maintain

the freshness and quality of the product.

Raw Materials Requirements

Based on the quantity of the ingredients, the entrepreneur can produce 50 pieces of

Biscake in 500 grams of pancake mixture, 2 pieces of egg, 1 pack of biscuits and 250

Milliliters of cooking oil. The Entrepreneur purchased some of the ingredients from

Tanauan public market to produce their product. Below are the main ingredients used by

the entrepreneurs to produce Biscake.

Table 4. Raw Materials Requirements

Materials Quantity Unit Unit Price Amount

Pancake Mixture 500 Grams ₱ 54.50 ₱ 54.50

Eggs 2 Pieces ₱ 6.00 ₱ 12.00
Biscuit 1 Pack ₱ 75.00 ₱ 75.00
Cooking Oil 250 Milliliters ₱ 56.50 ₱ 28.25
Chocolate syrup 355 Milliliters ₱ 105.00 ₱ 12.00
TOTAL ₱297.00 ₱181.75

Manpower Requirements

Fingerprint Food Enterprise will need five personnel. One person will manage the

overall operation from production to actual selling. The production manpower will require

two labor forces to maintain the production process and the quality of the product. The

selling will be handed by three personnel who will push the product.
 24

Table 5. Manpower Requirements

Position Duties Allowance (per month)

Production Preparation of Php 500.00
ingredients includes
purchasing and cooking
Sales Explanation of the Php 500.00
product to the customer
and seller.

Quality Control Requirements

The entrepreneur wants to ensure the good quality of their product. Therefore, they

strictly manage rules within the production area. They want to achieve the right taste, shape

and acceptable appearance of their product. If they failed to achieve these quantity, the

procedure will be repeated. Also, they will conduct a final inspection to check the right

label and packaging of their product.

 25

CHAPTER IV

MANAGEMENT AND ORGANIZATION PLAN

Organization Chart

LILETH ANNE
VIDUYA
Officer-in-Charge
and Finance

BABYLYN CHELSEA DENISE PHOEBE REGINE

OCAMPO JIMENEZ LEGASPI
Marketing and Operations
Marketing
Research

Job Description

Officer-in-Charge

Ms. Lileth Anne Viduya, the officer-in-charge of the Fingerprint Food Enterprise,

is be the one who monitors the work of her employee’s. The following are the duties of

her account:

 To ensure that the enterprise reaches primary goals and objectives

 Evaluate the success of the organization and maintain the awareness in internal of

the company

 To motivate and guide her subordinates in order to have a better output and higher

efficiency.
 26

 Checks the performances of her employee’s activities and resolve the problems

relating to the routine operation.

 Establishing and maintaining effective communication among the staff

Finance

Ms. Lileth Anne Viduya is responsible for the financial aspect of the business;

therefore, she is accountable for the following duties and responsibilities:

 Take change all the aspects concerning financial such as:

a. Cash

b. Expenditure

Capitalization and Investment

a. Accounts Receivable

b. Budgeting

 In charge of handling the bank passbook and is accountable for withdrawals and

deposits.

Operation

Ms. Phoebe Regine Legaspi, the Operations Manager is the one who plans, directs

or coordinates the operation of company He also oversees the activities directly related to

making products or providing services. All of his responsibilities are:

 Formulating policies,

 Managing daily operations

 27

 Planning the use of materials and human resources

 Monitors the business to ensure that the whole operation whether on labor,

production, and variable fix cost, inventory is efficient.

Marketing

Ms. Babylyn Ocampo is responsible for the sales aspect and has the duties of the

following:

 They will be involved in the stock control and management

 Provide an effective sales technique

 Supervising per day, month and month sales volume

 To formulate, direct and coordinate marketing activities and policies to promote

products and services

Marketing and Research Manager

The Research Manager, Ms. Chelsea Denise Jimenez will be responsible in

conducting marketing research to identify the needs, wants and demands of the target

market. Upon completion, the Market Research Manger reviews the collected data and

creates a strategy to penetrate the market.

Legal Form of Ownership

The form of business is Partnership. A team of skilled and entrepreneurial

individuals will run the business. Ms. Lileth Anne Viduya as the proprietor will oversee

the whole operation. The business will have four personnel. Ms. Phoebe Legaspi will be
 28

the finance manager. The production staff will be Mr. John Rey Gutierrez. The marketing

staff will be Ms. Chelsea Denise Jimenez and Ms. Babylyn Ocampo.

The proponents chose Partnership as the form of ownership because of its relative

ease in formation. The proponents considered the following advantages in choosing the

form of ownership:

 Capital – Due to the nature of the business, the partners will fund the business with

start-up capital. This means that the more partners there are, the more money they

can put into the business,

 Flexibility – A partnership is generally easier to form, manage and run. They are

less strictly regulated than companies, in terms of the laws governing the formation

and because the partners have the only say in the way the business is run (without

interference by shareholders) they are far more flexible in terms of management, if

all the partners can agree.

 Shared Responsibility – Partners can share the responsibility of the running of the

business. This will allow them to make the most of their abilities. Rather than

splitting the management and taking an equal share of each business task, they

might well split the work according to their skills.

 Decision Making – Partners share the decision making and can help each other out

when they need to.

Personnel Policies

 Wearing of accessories during the production in not allowed.

 The proponents are allowed to wear smart casual attire.

 29

 Personal hygiene of each employee is important.

 During the production, the employees were strictly required to wear apron and

hairnet to maintain sanitation of the whole process.

 The proponents are required to be present according to their respective working

schedule.

 Employees work in shifts, personnel policies provide guidelines for when an

employee should report to the office for work and when he should leave.

 Once hired, employees typically go through an orientation and training process to

learn about their new employer and how their job function fits into the overall goals

of the business. It's necessary to include training and orientation procedures in

personnel policies so new employees understand and are prepared for their new

positions.

 Drinking alcohol and smoking are strictly prohibited on working area.

 Every day the employees have one-hour lunch break and 30 minutes’ break.

 If an employee is not able to be on time for some reason he or she must inform his

or her superior about it earlier before the working hour starts.

 An employee should inform the management one day before the leave of absence.