MGT 502 Final Review Questions 1. List and explain the three ways to decrease process throughput time. 1) Perform activities in parallel a. A serial approach results in the throughput time for the entire process being the sum of individual steps plus transport and waiting time between steps. Using a parallel approach can reduce throughput time by as much as 80 percent and produces a better result. 2) Change the sequence of activities b. Altering the sequence of activities
Premium Management Quality control Control chart
Management may choose to build up capacity in anticipation of demand or in response to developing demand. Explain the advantages and disadvantages of both approaches. To illustrate some of the advantages and disadvantages‚ provide specific examples of companies that have used each strategy. Three things that are important when planning capacity is “maintaining system balance‚ frequency of capacity additions or reductions‚ and the use of external capacity.” (Jacobs‚ Chase Pg 75) Some of the advantages
Premium Forecasting Thing Surgery
Ch3 – O.M 1) Strategic decisions are those which: A) Only involve senior managers B) Require the input of external consultants and management accountants. C) Seek to move the whole organisation towards its overall long-term goals D) Define the position of a business unit with respect to its operational capabilities 2) The determination of performance priorities is normally influenced by: A) The specific needs of the company’s customer
Premium Strategic management Management
Question 5 – Operations Question Word Count - 983 Earth’s General Store (EGS) is an established organic food store that has been around for 20 years in the Edmonton Community. In 2014‚ a second store was open in the downtown core of Edmonton. This location was intentionally designed to meet the needs of the people living in what’s called the food desert area of the city. Kalmanovitch is very passionate about sustainable living with healthier and alternative options to living his belief of “consume
Premium Grocery store Organic food Whole Foods Market
certification? a. it is a prerequisite for ISO 9000 certification b. it indicates a higher level of adherence to standards than ISO 9000 c. it is only sought by companies exporting their goods d. it deals with environmental management 8. Total Quality Management emphasizes a. the responsibility of the Quality Control staff to identify and solve all quality-related problems b.
Premium ISO 9000 Quality Quality management
Case: Restoration project at Bennett Auto Sales and Services (BASS) Bennett Auto Sales and Services (BASS)consists of three car dealerships that sell and service several makes of American and Japanese cars‚ two auto part stores‚ a large body shop and car painting business‚ and an auto salvage yard. David Bennett‚ owner of BASS‚ went into the car business when he inherited a Ford dealership from her father. He was able to capitalize on her knowledge and experience to build her business into the
Premium Automobile Ford Mustang Internal combustion engine
A Report on Snowflakes Dessert Café‚ SS15‚ Subang Jaya INTRODUCTION : You might be wondering what is it about Snowflakes that makes a lot of people would line up just to enjoy a bowl of shaved ice. Well‚ it’s not just an ordinary bowl of dessert. Jimmy Tsai‚ owner of Snowflakes Dessert Café‚ came up with the idea of this business because he missed the Taiwanese desserts that his mother and grandmother used to make back in his hometown‚ Taichung district in Taiwan. Started with a small shop in
Premium Subang Jaya Selangor The Table
which the circulation or subscription can be increased. The Audit Bureau of Circulation in a study has compared the circulation of newspapers from May to October 2004 and 2009 and found out that
Premium Mass media Advertising Marketing
Case Study # 7: Legendary Café Kettering University Abstract Levendary Café is $10 billion US-based fast food chain that is spun out of a private equity ownership. Levendary Café is currently expanding to China‚ Mia Foster appointed as the new CEO with low international experience to run and manage the business in China. This case discuss the president of the subsidiary in China Louis Chen and the establishment of the subsidiary in China‚ as well as negotiating the operations with
Premium Restaurant Marketing Management
NICHE MARKET STRATEGY FOR ATTRACTING FOREIGN TOURISTS Mohammad Amzad Hossain Sarker‚ PhD Candidate (Assistant Professor‚ Comilla University‚ Bangladesh) School of Management‚ Wuhan University of Technology Wuhan‚ China. Sumayya Begum‚ PhD Candidate (Senior Lecturer‚ Southeast University‚ Bangladesh) School of Management‚ Wuhan University of Technology Wuhan‚ P.R. China ABSTRACT Bangladesh has bright prospects of tourism in future. She possesses tourism potentials all over the country
Premium Marketing