INTRODUCTION Much of what managers and supervisors do is solve problems and make decisions. New managers and supervisors‚ in particular‚ often make solve problems and decisions by reacting to them. They are "under the gun"‚ stressed and very short for time. Consequently‚ when they encounter a new problem or decision they must make‚ they react with a decision that seemed to work before. It’s easy with this approach to get stuck in a circle of solving the same problem over and over again. Therefore
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Introduction to Operations Management Module 1 Session Long Project Operations Management and Productivity Core Professor: Dr. Williams Introduction to Operations Management The purpose of this essay is to analyze the different Operation Management perspectives of Wal-Mart. Identifying the organization’s main line of business‚ discussing the specific types of operations that takes place in the service department‚ describing the nature of the operations‚ and identifying
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Introduction Organisational aims Production system as a process Operations Management Introduction Organisational aims Production system as a process Examples Operations Management v1.0 Needs Logistics & Distribution Information Systems ty ty Safe gn reen gnE gniireeniignE 2 Introduction Organisational aims Production outcomes What is a Product? • Need-satisfying offering of an organization – Example • Procter & Gamble does not sell laundry detergent
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six factors to be considered for final site selection. The rating of each factor on a scale of 1 to 100 provides this information. Further‚ based on the detailed analysis of both the qualitative and quantitative data available for each of the locations‚ the ratings of the locations against each factor have also been arrived at (on a scale of 0 to 100). Using this information obtain a ranking of the alternative locations and identify the best location. Factor ratings Factors | Rating | Availability
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PRODUCTION & OPERATIONS MANAGEMENT Forecasting helps managers and businesses develop meaningful plans and reduce uncertainty of events in the future. Managers want to match supply with demand; therefore‚ it is essential for them to forecast how much space they need for supply to each demand. 1.1 QUANTITATIVE TECHNIQUES * LINEAR TREND Show steady‚ straight-line increases or decreases where the trend-line can go up or down and the angle may be steep or shallow
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CHAPTER 1 – Operations and Productivity Learning objectives Define operations management Explain the distinction between goods and services Explain the difference between production and productivity Compute single-factor productivity Compute multifactor productivity Identify the critical variables in enhancing productivity What is operations management? Production – the creation of goods and services Operations Management – activities that relate to the creation of goods and services through
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MGMT 405 Operations and Production Management Answer set 2 (Reference chapter 2 – William J. Stevenson-2007‚ ninth edition) Problems and Solutions 1. Suppose that a company produced 300 standard bookcases last week using eight workers and produced 240 standard bookcases this week using six workers. In which was productivity higher? Explain. Ans: Productivitylast week = standard bookcases produced as output / labor= 300/8= 37.8 sbc/worker Productivity this week = standard bookcases produced
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factor for the economic growth of any nation. Bangladesh‚ though it is a small country of about 143‚998 sq km‚ has a number of mineral resources within its territory. The mineral resources so far discovered are mineral fuels (oil‚ gas‚ coal‚ peat)‚ hard rock‚ limestone‚ white clay‚ glass sand and heavy mineral sands. It was previously assumed that the geological setting of Bangladesh was more suitable for hydrocarbon accumulation than for any other mineral deposits as the greater part of Bangladesh is
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and labor became highly dependent on jobs and urbanized. At the commencement of the 20th century‚ the one element that was missing was a management (the ability to develop and use the facilities to produce on a maximum capacity to meet massive markets of today.) 1. Frederick Winslow Taylor’s Scientific Management (1911) Frederick W. Taylor’s scientific management theory involved time studies in an attempt to establish the most productive way to undertake a process. • Scientific laws govern work
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development groups) to undertake the task of developing a location strategy‚ or at least to assist in the process‚ especially if they have little experience in selecting locations. Formulating a location strategy typically involves the following factors: 1. Facilities. Facilities planning involves determining what kind of space a company will need given its short-term and long-term goals. 2. Feasibility. Feasibility analysis is an assessment of the different operating costs and other factors associated
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