Production and Operation Management Cheng Guoping Chapter 1 Introduction 1. Production System 2. Production and operations in the organization 3. Function and jobs of POM 4. Decision Making in POM 5. The emergence of production and operation management 1. Production System Production and operation management (POM) is the management of an organization ’s production system‚ which converts input into the organization ’s products and services. 1.1 Production system model Inputs
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Case 4.1 Analysis – Critical Thinking Exercise A Cool Business—MooBella‚ Inc. 1. What categories of costs would you expect to see in a list of MooBella start-up costs? The categories of costs that I would expect to see in a list of MooBella start-up costs are as follows: - Equipment‚ furniture‚ and fixtures - Leasehold improvements - Installation of equipment and fixtures - Computers and other technology - Owner time - Professional services - Promotion and advertising - Insurance
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| Apple Apple Inc. is one of the most successful companies in the United States and in the world. Apple Inc. is a multinational company that specializes in the manufacturing of electronic equipment like smartphones‚ software and computers. The company is well known to everyone for products like iPhone‚ Macintosh‚ iPad and iPod. Apple came into existence as the joint effort of Steve Jobs and Steve Wozniak. Wozniak was the mind behind the technology while Jobs was mind behind the marketing strategies
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Executive Summary Gateway‚ Inc. is a direct marketer of personal computers‚ related accessories‚ and information technology services. Their target market consists of individuals‚ families‚ small to medium sized businesses‚ government agencies‚ educational institutions‚ and large businesses in the U.S. They have “beyond-the-box” diversified products and services as well as financing programs‚ training‚ and support packages (www.hoovers.com). Currently GTW stock sells for: $2.35 (closing price
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Master Production Plan A Master Production Schedule (MPS) is a plan for individual commodities to produce in each time period such as production‚ staffing‚ inventory‚ etc. It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. The plan quantifies significant process parts and other resources in order to optimize production‚ to identify bottlenecks‚ and to anticipate needs and completed goods. Since MPS drive much factory activity‚ its
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Production Planning System Each business that is started does not just begin with an idea and some money to invest into their future endeavor. There are several steps before entering a new project that requires some type of production. One of those key steps is developing strategies. In this paper‚ I will discuss the different steps that are taken to create a strategic production plan from start to finish for a company and illustrate how developing these strategies‚ is an important factor of
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Final Paper DISNEY THEATRICAL PRODUCTIONS From Film to Broadway Production Disney Theatrical Productions Limited‚ which is also referred to as Disney on Broadway‚ is the stage‚ play and musical production company of the Disney Theatrical Group. This is actually a self-contained division of The Walt Disney Company. The company was founded in 1993‚ as Walt Disney Theatrical. This
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CASE: Accounting for the iPhone at Apple Inc. The non-GAAP numbers of Apple Inc. reflect its economics better. Because‚ in the existing method of accounting‚ revenue and cost of goods sold are spread over the lifetime of the product (expected 24-months)‚ while the costs incurred for engineering‚ sales‚ marketing and warranty are recorded immediately. This accurate recording of expenses while recognizing only a part of the cost of goods sold thus showed reduced margins. While this did not affect
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Industry Two—Internet Companies CASE 12 Google Inc. (2010): The Future of the Internet Search Engine Patricia A. Ryan Google began with a mission: to create the ultimate search engine to help users tame the unruly and exponentially growing repository of information that is the Internet. And most would agree that when the word “Google” became a verb‚ that mission was largely accomplished.1 IT HAD BEEN NEARLY SIX YEARS SINCE GOOGLE’S ATTENTION-grabbing initial public offering and‚ despite overall
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The Toyota Production System Introduction Today‚ automobile manufacturing is still the world ’s largest manufacturing activity. Forty years ago‚ Peter Drucker dubbed it "the industries of industries." After First World War‚ Henry Ford and General Motors ’ Alfred Sloan moved world manufacture from centuries of craft production (led by European firms into the age of mass production.) His production innovation was the moving assembling line‚ which brought together many mass-produced parts to create
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