Master of Business Administration - MBA Semester 2 MB0044 – Productions & Operations Management Assignment Set- 1 Q.1. What do you understand by Vendor-Managed Inventory (VMI)? Ans: Some firms have successfully improved their supply chain performance by implementing an approach known as Vendor Managed Inventory (VMI). With VMI the vendor specified delivery quantities sent to customers through the distribution channel using data obtained from EDI. Vendor Managed Inventory (VMI)
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References: Meredith‚ Jack R.‚ and Scott M. Shafer. Operations Management for MBAs. 2nd ed. New York: John Wiley & Sons Inc.‚ 2002. Stevenson‚ William J. Production/Operations Management. 8th ed. Boston: Irwin/McGraw-Hill‚ 2005. Heizer‚ Jay and Barry Render. Operations Management. 10th ed. Prentice Hall‚ 2011. Retrieved from http://wpscms.pearsoncmg.com
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ACCG301 Organisational Planning and Control Semester 2‚ 2011 Department of Accounting and Corporate Governance MACQUARIE UNIVERSITY FACULTY OF BUSINESS AND ECONOMICS UNIT OUTLINE Year and Semester: Unit Convenor: Prerequisites / Corequisites: Credit Points: 2011 Second Semester Rahat Munir ACCG200 3 Credit Points Students in this unit should read this unit outline carefully at the start of semester. It contains important information about the unit. Additional materials referred to
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BTEC Level 4 and Level 5 Higher National Diplomas in Business Unit 1: Business Environment (Y/601/0546) Textbooks Sawyer M‚ (ed) – The UK Economy: A Manual of Applied Economics‚ 16th edition (OUP Oxford; 2004) ISBN: 9780199266517 Begg D – Foundations of Economics‚ 4th edition (McGraw-Hill Higher Education‚ 2009) ISBN: 9780077121884 Morrison J – International Business Environment: Global and Local Marketplaces in a Changing World (Palgrave Macmillan‚ 2006) ISBN: 9781403936912 A & C Black Publishers
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M01_HEIZ9418_10_SE_C01.QXD 12/11/09 7:37 PM Page 1 Operations and Productivity PART ONE Introduction to Operations Management (Chapters 1–4) Chapter Outline GLOBAL COMPANY PROFILE: HARD ROCK CAFE What Is Operations Management? 4 Organizing to Produce Goods and Services 4 Why Study OM? 6 What Operations Managers Do 7 The Heritage of Operations Management 8 Operations in the Service Sector 10 Exciting New Trends in Operations Management 12
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Operations Management‚ 10e (Heizer/Render) Chapter 2 Operations Strategy in a Global Environment 1) NAFTA seeks to phase out all trade and tariff barriers among Canada‚ Mexico‚ and the United States. Answer: TRUE Diff: 2 Topic: A global view of operations AACSB: Multicultural and Diversity Objective: no LO 2) The World Trade Organization has helped to significantly reduce tariffs around the world. Answer: TRUE Diff: 2 Topic: A global view of operations AACSB: Multicultural
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OPERATION MANAGEMENT TERM PAPER ON INVENTORY MANAGEMENT AND CONTROL: LATEST TRENDS AND TECHNIQUES TABLE OF CONTENTS 1. LIST OF ILLUSTRATIONS 3 2. ABSTRACT 5 3. INTRODUCTION 6 4. TYPES OF INVENTORY 7 4.1. PURPOSE OF KEEPING INVENTORY 7 5. INVENTORY MANAGEMENT 8 5.1. OBJECTIVES 8 5.2. SYMPTOMS OF POOR INVENTORY MANAGEMENT 8 6. MEASUREMENT OF EFFECTIVENESS 9 7. FINANCIAL IMPACT OF INVENTORY: 10 8. INVENTORY COSTS 11 8.1. INVENTORY CARRYING COST: 11 8
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Institute of Personnel and Development ’s professional qualification scheme. Personnel Review‚ 36(3)‚ 398-414. Guffey‚ M. E.‚ Almonte‚ R.‚ & Karka‚ A. M. (2009). Essentials of business communication for English language learners. Cengage Learning. Heizer‚ J. H.‚ Render‚ B.‚ & Weiss‚ H. J. (2004). Operations management (Vol. 8). Pearson Prentice Hall. Magretta‚ J. (2003). What Management Is. Maslow‚ A. H. (1943). A theory of human motivation. Psychological review‚50(4)‚ 370. McGregor‚ D. (1960). The
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Operations Management‚ 10e (Heizer/Render) Chapter 1 Operations and Productivity True/False 1) Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. Answer: TRUE Diff: 1 Topic: Global company profile Objective: LO1-1 2) Because Hard Rock Cafes are themed restaurants‚ operations managers focus their layout design efforts on attractiveness while paying little attention to efficiency. Answer:
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Operations Management‚ 11e (Heizer/Render) Chapter 11 Supply Chain Management Section 1 The Supply Chain’s Strategic Importance 1) Even though a firm may have a low cost strategy‚ supply-chain strategy can select suppliers primarily on response or differentiation. Answer: FALSE 2) The supply chain for a brewery would include raw ingredients such as hops and barley but not the manufactured goods such as bottles and cans. Answer: FALSE 3) When using the low-cost strategy for supply
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