(individual work only and remember to always answer all parts of the question; in some cases you have up to 3 parts in 1 questions). Keep your answers short‚ max one paragraph per question. 1. What is Operation‚ what is Supply Chain; relate this to a product or service and provide some examples? Operations is the manufacturing and service processes that are used to transform the resources employed by a firm into products/services desired by the customer. Manufacturing takes raw resources and produces
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Future Career Aspirations Answers Let’s understand with the help of an example: Interviewer: “What are you long term career aspirations?” Interviewee1: “I look forward to leverage my expertise in ‘Software Development’ at an MNC that offers me challenging job roles and a wider arena to work and perform.” Clearly‚ the interviewee is pretty assertive of his needs. He wishes to secure a job in a large organization that provides him with a higher DESIGNATION‚ a better PAY PACKAGE and more exposure
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Operations management refers to the complex set of management activities involved in planning organizing leading‚ and controlling an organization’s operations. At one time‚ operations management was considered the backwater of management activities – a dirty‚ drab necessity. This view has changed in recent years‚ as more and more managers realize how operations can be a “beehive” of activity with major financial consequences for any organization. For instance‚ to support the work of Johns Hopkins
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have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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Operation and Productivity Global Company Profile: Hard Rock Cafe Operations Management at Hard Rock Cafe Operations Manager throughout the world are producing products every day to provide for the well-being of society. These products take on a multitude of forms. Hard Rock Cafe produces thousands of complex products every day‚ to be delivered as the customer ordered them‚ when customer wants them. Hard Rock does this for over 35 million gusts worldwide every year. Orlando-based Hard Rock Cafe
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Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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1. Discuss TWO of the following staffing/scheduling practices and how they can support patient care: With the best healthcare organizations‚ we have today‚ staffing and scheduling are very challenging issues that these organizations still face. Researchers from the last 10 years or so shows the importance of adequate registered nurse staffing in accomplishing good patient outcomes‚ safety‚ and satisfaction. Better RN staffing and not too overworked‚ have been shown to reduce patient mortality‚ enhance
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Finance Department Phase 1 DB 2 The Role of the Finance Department Tammy Thomas Colorado Technical University Anthony Williams FIN310-0904B-03 November 30‚ 2009 Phase 1 DB 2 The Role of the Finance Department Businesses have a number of departments or divisions but there is only one department that you can rely on to get you all the financial and accounting information that you will need as a division manager and that is the Finance Department. This department will
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Independent University‚ Bangladesh (IUB) In Partial Fulfilment of the Requirements of EMBA Course-513E Management Accounting By Mohammed Shamsuddin Student ID: 1110805 Summer Semester‚ 2012‚ Management Accounting‚ EMBA INDEPENDENT UNIVERSITY‚BANGLADESH July 26‚ 2012 Dr.Dilip kumar Sen Professor School of
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product is source‚ to how it is sold into and at department stores. The concept was simple: Provide the ensemble-driven sportswear that had been available for many years at designer level prices through the likes of Calvin Klein and Bill Blass‚ but make it affordable for the working woman. Up until this point‚ department stores were by a large classification-oriented where pants‚ skirts and shirts were in a different department. Additionally‚ department store buyers were classified and not equipped
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