Waltham Motors case 1. Using budget data‚ how many motors would have to be sold for Waltham Motors Division to break even? Solution: Given data‚ as per exhibit1for budget‚ is as under. Total sales (TS) =$864‚000 Total Units (TU) = 18‚000 Total variable costs (TVC) = $512‚800 Total Fixed costs (TFC) = $260‚000 Let the number of motors required to be sold to breakeven = Q Then Q = Total Fixed Costs (TFC) / Contribution Margin per unit (CMU) (Equation 1)
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Key operations questions Chapter 1 Operations management ➤ What is operations management? ➤ Why is operations management important in all types of organization? ➤ What is the input–transformation– output process? ➤ What is the process hierarchy? ➤ How do operations processes have different characteristics? ➤ What are the activities of operations management? Chapter 2 Operations performance ➤ Why is operations performance important in any organization? ➤ How does the operations function incorporate
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throughput time‚ making use of batching‚ designing of the bar and catering to the optimum number of customers. By varying the hours of operation and carefully balancing operation costs‚ they can meet customers’ demands and yet maximize overall profit. Batching The first decision to see if the restaurant is served with no-batching policy‚ will it be a better strategy. Running tests against both scenarios (batch and no-batch)‚ it shows that Benihana is already doing well by staying with the batch policy
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OPERATIONS MANAGEMENT So What Is Operations Management? So What Is Operations Management? So What Is Operations Management? • Managing and directing activities of all forms is crucial in organizations • Accomplished by designing efficient and productive processes‚ and by effectively allocating resources What Makes a Successful Operations Manager ? Success Factors · · · · · · · · Quantitative proficiency The ability to identify and control risk Strong organizational
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Operations Analysis Introduction Operations analysis is a designed business strategy used by organizations to determine whether the overall operational structure adheres to the proposed business plan adopted and utilized by the organization (Tatum and Bronwyn). The supply chain operations form a vital area in any business because it involved the supply and delivery of goods and services offered by a given company. There has been a rapid evolvement in the discipline of supply chain management
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FIN 485 McLeod Motors Ltd. Potential Analysis The following is a list of questions that may be used as guidelines for analysis. The list is not necessarily exhaustive; therefore feel free to include other aspects that you feel are important. 1. What action has McLeod taken regarding its production processes and why? Are the expectations reasonable? Have the results been as expected? What is the problem currently facing Sue Reynolds? 2. Discuss inventory management in general. What functions does
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A. Why does the "proper" operation strategy keep changing for A. companies that are world-class competitors? The world is evolving every day and is at a constant change or upgrade. So it only makes sense that the “proper ” operation strategy will also evolve and change over time‚ otherwise your corporation could easily get run over by the competition and transforming market. As a company it ’s important to position yourself with your product or service in the market‚ whether it would be high
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to the success of Galanz Company? Please analyses the company form the perspectives of competitive strategy and operations strategy? The early success of Galanz can be prescribed to its ability to deploy its resources in an effective manner and establish itself as a recognized brand in its domestic market through a consistent competitive strategy of Cost Leadership (Porter). The competitive strategy of Galanz is cost leadership which has resulted with increased market share by being aggressive in
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Ho Wai Ley ID 17663937 Title OM should be operational and not strategic! (argue your answer) Keywords WordCnt 932 This essay analyzes the functions of Operational Management in its different levels of strategies‚ and concludes that Operational Management should be both operational and strategic as it requires both to be a well developed and successful‚ as to allow the company to grow and increase their profits. Introduction Operational management is
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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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