EXAMINATION I NAME: __________________________________________________________ 1. David Upton is president of Upton Manufacturing‚ a producer of Go-Karts tires. Upton makes 2500 tires per day with the following resources: Labor: 50 hours per day @15.00 per hour Raw Material: 20‚000 lbs. per day at @ $3 per lb Energy: $5‚000 per day Capital: $10‚000 per day a) What is the labor
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Step 2 : Review the current process 10 3) Step 3 : Speak to job holders about the current process 11 4) Step 4 : Draft process maps based on the current process and obtain job holder feedback 12 5) Step 5 : Feedback review workshop 12 6) Step 6 : Hold a process improvement Workshop 13 7) Step 7 : Draft new and improved process flows 14 8) Step 8 : Provide the client with the final documentation for review 14 9) Step 9 : Process roll out 15 10) Step 10 : Ongoing Review and recommendations
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OPERATION MANAGEMENT Operation management is concerned with the bunch of activities that design and produces goods or services by the input-transformation-output process. (Slack 2001) Operation management can also be defined as the process of transforming different resources or inputs (labour‚ capital‚ machinery‚ land and buildings‚ materials and information) that are used in the operational activities of an organisation to the output (value added product and services)for the customers in a controlled
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for the parent and the subsidiary. Do the result seem misleading? b. Compute the multifactor productivity figures for labor and capital together. Are the results better? c. Calculate raw material productivity figures (unit/$ where $1= FC 10). Explain why these figures might be greater in the subsidiary. 6 Various financial data for 2004 and 2005 follow. Calculate the total productivity measure and the partial measures for labor‚ capital‚ and raw materials for this company for
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The company targeted budget-minded consumers with the slogan "Where the Lowest Price is the Law." In the face of fierce rivalry from WalMart entering the competitive landscape and various operational shortcomings‚ Zellers made several strategic decisions and changes. After 1998‚ Zellers was using a niche market strategy‚ by adjusting its mission to become a "mom’s store." Zellers focused on offering fair value to consumers‚ as opposed to the lowest price. The company moved away from the low cost
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OM 1. As a service business‚ the operations management activities of an airline company have nothing in common with the operations management activities within a bicycle manufacturing company. True False 2. Operations managers are responsible for managing systems that produce goods and/or provide services. True False 3. Effectiveness refers to achieving intended goals whereas efficiency refers to minimizing cost and time. True False 4. Operations‚ marketing‚ and finance function
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about scientific management in McDonald’s operation‚ I believe the largest fast food McDonald’s is the most successful model on scientific management. Scientific management is a branch of classical approach; Taylor said scientific management is standardisation which means people in organization should be uniformed by company rules or policy which are some written documents. Scientific management is a very important part in management area‚ since look at the history of management. People are living
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| Delhi | Mumbai | Bangalore | Kolkata | Availability of infrastructure | 20 | 40 | 60 | 35 | 55 | Size of the market | 30 | 30 | 40 | 60 | 80 | Industrial relations climate | 80 | 30 | 50 | 60 | 50 | Tax benefits and concessions | 80 | 20 | 10 | 20 | 20 | Availability of cheap labor | 70 | 70 | 45 | 50 | 50 | Nearness to port | 20 | 40 | 90 | 50 | 60 | Solutions Factors | Rating | Relatives weights | Availability of infrastructure | 90 | 0.28 | Size of the market | 60 | 0.18
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ASSIGNMENT 1 Assignment 1 Solve the following exercise (100pts): 1. Management Decision Problem Snyders of Hanover‚ which sells more than 78 million bags of pretzels‚ snack chips‚ and organic snack items each year‚ had its financial department use spreadsheets and manual processes for much of its data gathering and reporting. Hanover’s financial analyst would spend the entire final week of every month collecting spreadsheets from the heads of more than 50 departments worldwide. She would
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Chapter One ~ Operations and Productivity • POLCA (plan‚ organize‚ lead‚ control‚ achieve) • Suppliers → Inputs → Process → Outputs → Consumers (SIPOC) • 3 functions to create goods and service: o Marketing o Production/operations o Finance/accounting • Why Study OM? o Learn how people organize themselves for productive enterprise o Learn how goods/services are produced o Understand what operations managers do o OM is a costly part of an organization • Productivity= Units produced or
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