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
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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
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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.
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of supply management of EMC to explore and exploit all the available option to cut the expense in order bolster their business. 1. What actions should Sally take to reduce inventories by 10 percent? Reducing inventories by 10 percent can’t be met by focusing on any single aspect of business but need a holistic approach. There are many approaches available for reducing inventories and Sally should exploit all the opportunities. As a director of supply management‚ Sally can study the portfolio
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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
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MODULE TITLE: OPERATIONS MANAGEMENT Hand in date: 6pm Thursday 10th December Alternative Assessment 2‚500 words Report question The aim of the JIT methodology may be deemed to meet demand instantaneously‚ with perfect quality and no waste’. So runs one definition of JIT. Your task is to evaluate the requirements and objectives of a JIT operation and analyse the potential benefits and drawbacks when deciding to apply the JIT methodology to the following operation: A restaurant
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to production for export to U.S. markets was obviously incompatible with independence. One immediate effect of the adoption of Operation Bootstrap as an economic development strategy‚ however‚ was the new position taken by the PDP on the status issue. Autonomy - political‚ social and cultural - was postulated as compatible with economic integration: Puerto Rico‚ we were told‚ could have the best of both worlds. This‚ of course‚ did not prove the case. Operation Bootstrap‚ which relied on U.S. capital
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CHAPTER 1 INTRODUCTION TO Operations Management Teaching Notes Many students come to this course with negative feelings‚ perhaps because they have heard that the course includes a certain amount of quantitative material (which many feel uncomfortable with)‚ or perhaps because the course strikes them as “how to run a factory.” Others seem to have very little idea about what operations management is. I view the initial meeting with my classes‚ and this first chapter‚ as opportunities to dispel
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Case Three: Kristen’s Cookie Company 1. Draw a process flow chart for cookie production. 2. How many orders can Kristen fill in a night‚ assuming she is open for four hours each night? Throughout rate= 6/hour 6 orders x 4 hours = 24 orders Therefore Kristen can fill 24 orders each night. 3. How long will it take her to fill a rush order? A ‘rush’ order will still take 26min as this is how long the operations time is. None of the processes can be eliminated with rush orders therefore
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centered on our desire to provide the safest and most reliable products and services to our customers‚ employees‚ medical professionals‚ and stockholders. Our consistent market growth and competitive advantage within this country market will ensure profitability and is a tribute to our trained employees‚ innovation‚ technology‚ and market research. In regards to local and domestic communities‚ it is our goal to ensure that Smart Company adheres to policies and procedures to be socially responsible and
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