FINAL EXAM SPECIALISATION COURSE OPERATIONS AND SUPPLY CHAINS Read this carefully This exam is a closed book exam: you are not allowed to have books‚ articles‚ notes etc. on your desk. Please take care of your handwriting. You need to be very specific about which question you are answering - it is noticed here that often one question exists of several sub questions. Please explain all your answers and write down your name and student number on each sheet of the answering
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PRODUCTION & OPERATIONS MANAGEMENT Forecasting helps managers and businesses develop meaningful plans and reduce uncertainty of events in the future. Managers want to match supply with demand; therefore‚ it is essential for them to forecast how much space they need for supply to each demand. 1.1 QUANTITATIVE TECHNIQUES * LINEAR TREND Show steady‚ straight-line increases or decreases where the trend-line can go up or down and the angle may be steep or shallow
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FALL 2011 2011 Deadline: October 26‚ Middle East Technical University – Northern Cyprus Campus BUS 361 Operations Management Homework 1 - Solutions 1. Fruit Computer Company manufactures memory chips in lots of ten chips. From past experience‚ Fruit knows that 80% of all lots contain 10% (1 out of 10) defective chips‚ 20% of all lots contain 50% (5 out of 10) defective chips. If a good batch (that is‚ 10% defective) of chips is sent on to the next stage of production‚ processing costs
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Q1) Explain the basic competitive priorities considered while formulating operations strategy by a firm? Ans: Operations strategy is the collective concrete actions chosen‚ mandated‚ or stimulated by corporate strategy. It is‚ of course‚ implemented within the operations function. The operations strategy specifies how the firm will employ its operations capabilities to support the business strategy. Operation advantages depend on its processes and competitive priorities considered while establishing
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Definitions in Operations Management OPERATIONS: Any activity that transforms and adds value to an input stream. The input stream can be a physical entities‚ services‚ or flows. The valued added transformation produces products or services that are designed to meet a customer demand. Operations range from processing loan applications to production of computers‚ to designing buildings. FLOW SHOP: An operation that produces products at volume in a continuous flow or by a well-defined‚ connected
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Four season hotel is the hotel which has top of the quality service among the entire famous hotel. Besides that‚ four season hotel also won a lot of an award due to their quality of service. However‚ four season hotel can be success also can be due to their golden rule which make sure the hotel staff to treat the hotel guests with courtesy and intelligence. Besides that‚ the golden rule also was meant to the employers which also treat the employees fairly and also treat them in humanity. This golden
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1. Executive Summary A ll organizations possess operations functions of some sort because every one of them provides product and or services to its customer. According to Slack‚ Chambers & Johnston (2010)‚ the operations function actually ranks as one of the three core functions in any company. As a central function in any organization‚ it produces the output required that the company needs to stay in business. What makes operations management so important is the critical role it plays in making
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following assignment is based on operations managements within IKAE. The aim of this unit is to analyse the operations functions within the organisation by understanding strategic operations management‚ the operations process and planning and control. “Operations management is an area of business that is concerned with the production of goods and services‚ and involves the responsibility of ensuring that business operations are efficient and effective. It is also the management of resources‚ the distribution
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Introduction Organisational aims Production system as a process Operations Management Introduction Organisational aims Production system as a process Examples Operations Management v1.0 Needs Logistics & Distribution Information Systems ty ty Safe gn reen gnE gniireeniignE 2 Introduction Organisational aims Production outcomes What is a Product? • Need-satisfying offering of an organization – Example • Procter & Gamble does not sell laundry detergent
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South Africa Post code / Zip: 1724 Telephone No: +27720338157/+27110390572 Email Address: jacob@arasa.org.na Date: 13/07/2012 Course Name Edexcel BTEC Level 7 Diploma in Strategic Management and Leadership Tutor Name Clive Findlay Assignment Name: Unit 6 Assignment: Strategic Quality Systems Management PLEASE NOTE: YOU SHOULD INCLUDE THIS INFORMATION with EVERY ASSIGNMENT. Table of contents Content Page Section 1 4 Section
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