Running head: EXERCISE ARTIFACT RESEARCH COMP 3.

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Final Artifact

Dulce Duran

South Texas College

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Abstract

The topics that would be utilized in my company would be; how to create a plan and how to

utilize inventories for the good of the company’s sales. The company that I will be utilizing

would be Domino’s Pizza because they employ the use of planning and inventory. Creating plans

in a company is extremely important, creating a plan is considered to be like brainstorming, and

without brainstorming unfortunate events can arise and ruin the company’s future goals. Having

a blueprint of the company informing upper management what the vision and mission of the

company is, and then upper management can inform the rest of the employees the information

they have acquired. There are pros and cons of utilizing plans and inventories in the workplace,

but when utilizing inventories and plans correctly the company can benefit from it.

Planning and Controlling

Being able to create a plan for the company will help upper management understand the

mission and vision of the company, which this can help upper management control and lead the

rest of the employees in the workplace. The way that upper management will be able to create a

strategy on how to set an urgency on how to control subordinates in order to accomplish set

goals, upper management must be able to become aware of opportunity, establishing objectives,

planning the main goal that upper management want to accomplish, determine and identify

different courses, evaluate different courses, develop plans to pursue the chosen alternative and

number plans by budgeting (Planning and Control).

Once upper management have come to a realization of how to utilize the steps on how to

create a plan, then they are ready on how to take control of the employees and accomplishing the

company’s goal by analyzing employees accomplishing the required results (Planning and

Control). Domino’s Pizza is a great example of this since they value employees that demonstrate
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an interest in learning, providing incentives when they have accomplished or gone above and

beyond, and also measure, manage, and share what’s important (Domino's Vision, mission and

values, n.d.). Having control in the workplace can help upper management and or the managers

analyze the performance reports to actually distinguish it between the planned performance

(Chapter 1- Managerial Accounting in the Information Age). Maintaining control in the

workplace and also keeping the changes that were accomplished in changing, there are three

main types of control that will help upper management and manager sustain control; Pre-control,

Concurrent control, and Feedback control (Planning and Control).

The first main type of control would be pre-control, and it consists of the type of control

that takes place before the work performance is done. In pre-control, this is where managers are

preparing and or planning on what the employees must demonstrate during performance. The

second type of control would be concurrent control, it consists of what the employee is

demonstrating during performance. For instance, a manager or director can go around the

workplace in order to see the employee’s performance if they are accomplishing all the tasks.

The final type of control would be feedback control, and it is consisted of maintaining control

after the organization has performed its tasks (Planning and Control).

Inventory

A company must plan, store, move and account all their information based on their sales

in order to understand how their company is doing, which this is considered doing inventory.

inventory has its pros and cons, pro being that it can organize all the data and understand how the

company is doing and such, and cons being that inventories can consume capital resources

instead of applying somewhere else in the organization (Kiisler & OU). Even though inventories

can be considered to be time-consuming, they do have an important purpose for the company, it
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helps the owners and upper management what is going on in their sales and if they are

succeeding in their merchandise.

In conclusion, the use of planning, controlling, and inventories are extremely important in

the workplace because without all the data that is being processed, it will be complicated to

understand the data and even more difficult to explain to upper management. Domino’s Pizza is

a restaurant that is always innovating new ideas in order to make itself much more successful,

and they demonstrate it by performing and using planning, controlling, and inventories. In order

to acquire, accomplish, and perform the mission and vision of a company, the company must

demonstrate the importance of the plan, control, and inventories.

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Domino's Inventory

2016 2017 2018

In this line graph, it can be expressed that based off the on-hand, available, on-order, inventory

position, that the company has made, of the inventory, we can conclude that the company had

made many outstanding increases (Kiisler & OU). This line graph information was acquired

based off the inventory information. The years of 2016 through 2018, there were some changes

and new ideas that were implemented to the company that made a drastic increase in between the

year 2017 and 2018.

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Domino's Pizza innovating Changes

2016 2017 2018 2019

Pizza Chicken Desserts

In this chart graph, it demonstrates the information of pizza, chicken, and dessert throughout the

years of 2016 through 2019. In the year 2016, there was no sales of desserts since they were not

introduced until the year, but the sales of pizza and chicken were stable and maintaining sales. In

the years of 2017 through 2019, there were many innovated ideas that were introduced to the

company; the starting sales of desserts, free pizza for customers on their fifth visit, and also

introducing coupons and promotions. In the graph it demonstrates that with introducing new

coupons and incentives, the sales of the company have increased tremendously. In order to

maintain control the changes, the use of pre-control, concurrent control, and feedback control

(Planning and Control).

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References

Chapter 1- Managerial Accounting in the Information Age. (n.d.).

Domino's Vision, mission and values. (n.d.). Retrieved from dominos.com.

Kiisler, A., & OU, L.-C. (n.d.). 3. Inventory management-basic concepts.

Planning and Control. (n.d.).