process create value for customers and solve their problems. Production and operations management talks about applying business organization and management concepts in creation of goods and services. 1.1. PRODUCT Though many authors define the product with Consumer orientation‚ it is better for us to deal with different angles‚ because it will be helpful for us to understand the subject of production and Operation Management. (i) For a Consumer: The product is a combination of or optimal mix of
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INDIVIDUAL FINAL EXAM SPECIALISATION COURSE OPERATIONS AND SUPPLY CHAINS Read this carefully This exam is a closed book exam: you are not allowed to have books‚ articles‚ notes etc. on your desk. Please take care of your handwriting. You need to be very specific about which question you are answering - it is noticed here that often one question exists of several sub questions. Please explain all your answers and write down your name and student number on each sheet
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of Production and Operations Management IIBM Institute of Business Management Examination Paper Production and Operations Management Subject Code-B107 MM.100 Section A: Objective Type & Short Questions (30 marks) This section consists of multiple choice & Short Notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part two questions carry 5 marks each. Part One: Multiple choices: 1. Production and Operations Management concerns itself
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once were. As a consultant called in for advice‚ I see several problems in the company’s production as well as quality control. The decline has less to do with “the economy” and more in Toys‚ Inc’s approach to their management of quality. As Stevenson (2012) reminds us‚ “top management has the ultimate responsibility for quality” (pg. 377). The recent moves to make cuts in production costs and layoffs in the design and development departments are going to do more harm than good to the company’s
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Recommendation: Evaluating pros and cons of both SOA and monolithic system‚ SOA seems less expensive in the long run than the monolithic system. It is recommended PH to apply SOA because of low costs‚ easy to use‚ flexible and low time consuming. Risk Management Plan If PH decides to adopt the SOA to redesign its IT system‚ it will involve the risk. Moreover‚ the risk will be high to PH since there is no industry track record. PH has to take actions and plan to reduce the risk. The risk from medical respective
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Explain the data collected by Zara to predict the trend. What makes the middle aged mother to buy cloths in Zara while the daughter aged in mid 20s buys Zara clothing? Because it is fashion able and up to trend. By collecting data and focusing on shorter response times‚ the company ensures that its stores are able to carry clothes that the consumers want at that time. Zara can move from identifying a trend to having clothes in its stores within 30 days. That means Zara can quickly and catch a winning
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How would you change the current inventory management practices (including inventory classification schemes) to ease storage space problems? The current inventory management practice that are in place at Sandusky earn and turn method is obsolete. I would change the current inventory management methods to EOQ system to push the independent demand of the wine that already taking up product space in the warehouse. “Sandusky
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problems and applying the best solution to a given case. Benchmarking can easily help provide better service to customers by applying the "best practices" found in leading restaurants. Which of the Exhibit B complaints are natural targets for continuous improvement in the restaurant (or any enlightened firm)‚ thus‚ perhaps‚ not requiring solicitation of customer inputs to reveal the target for problem solving? The of course obvious and most logical answer would be all elements could be improved upon
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Unit 18 Facilities Operations and Management Task 1 Envisage about scenario that you were one of the directors of a hotel as stated below. Search information about the hotel facilities and the operational responsibilities of a facilities manager. Tai O Heritage Hotel is a small sized 3-star hotel located at the northwest of Lantau Island. The building was a police station which was built on the small hill next to a ferry pier about 90 years ago. It ceased to operate in 2002. Hong Kong Heritage
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Introduction to Operations Management Contents: 1- What Is Operations Management (OM)? 2- OM Decisions. 3- Contributions of OM to the society. 4- The emergence of OM. 5- The Ever-Changing World of Operations Management. 6- Historical Development of OM. 7- The Main Challenges Face OM (+ in Sudan) – “ASSIGNMENT” 1-What is Operations Management? 1- Operations Management (OM) is the management of the direct recourses that are required to produce and deliver an organization’s goods
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