Production & Operations Management What is operation management? What is the role of the Operation Manager? Set of activities that create value in the form of goods and services by transforming inputs into outputs. The role of an operation manager is to design and manage the daily operations and activities in a way that the productivity of the employees raises. It is also their responsibility to ensure that the physical and the human resources of the organization are achieved. He
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Operations Management Task 1 Case Study: Prêt a Manger 1) Importance operations management for prêt a manger Operations management is imperative for any business organizations since it controls the heart of any corporation- its operations. Operations management is management of designing‚ operating and improving systems that are responsible for creating and delivering the organization’s main products and services. Akin to the marketing and financial management‚ operations management
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Exam 2 1. award: 0 out of 10 points The objective of strategic capacity planning is to provide an approach for determining the overall capacity level of labor-intensive resources. | False | 2. award: 10 out of 10 points Best operating level is the volume of output at which average unit cost is minimized. | True | 4. award: 10 out of 10 points Overtime and personnel transfers are solutions to capacity problems in the intermediate term.
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Running head: MANAGEMENT 5000 FINAL EXAM Management 5000 Final Exam Lisa Halvorson Webster University The Influence of Individual Values on Decision Making The old adage “hind sight is 20/20” or “arm chair quarterbacks” are colloquialisms used daily in the military. Judging other leader’s failures after the fact is easy‚ but trying to make a timely decision under extreme pressure like a small arms attack to keep everyone alive is not so easy. According to Brasfield‚ there are barriers
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OPS FINAL EXAM 1- IS WHEN THE ACTIVITIES IN THE STAGE MUST STOP BECAUSE THERE IS NO PLACE TO DEPOSIT THE ITEM JUST COMPLETED? A- BLOCKING 2- ACCORDING TO YOUR TEXT‚ THE MOST COMMON PROCESS METRIC IS A- UTILIZATION 3- DECLINING PRODUCT PRICES A- INCREASE THE BREAK-EVEN POINT 4- THE TYPE OF PROCESSING STRUCTURE THAT IS USED FOR PRODUCING DISCRETE PRODUCTS AT A CONTROLLED RATE IS A- ASSEMBLY LINE 5- THE BEST PROCESS FLOW STRUCTURE
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What is the net result of reducing the duration of a task (crashing) not on the critical path? A. Decreased project overhead costs B. Reduced likelihood of liquidated damages for late delivery C. Increased slack time associated with the task D. Reduction in the project duration 12) The idea of the value density calculation is: A. finding a carrier that can handle the weight B. matching the weight of the product with an appropriate carrier C. deciding where items should
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Question 1 A single machine work center has five jobs assigned to it. They are labeled‚ in the order of their arrival in the shop‚ as jobs A‚ B‚ C‚ D and E. The work center may work on only one job at a time and must complete any job it starts before starting another job. Job A has a processing time of 6 days and is due to the customer in 9 days. Job B has a processing time of 2 days and is due in 16 days. Job C has a processing time of 4 days and is due in 10 days. Job D has a processing time
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FIN 571 Final Exam Multiple Choice Question 51 You are provided the following working capital information for the Ridge Company: Ridge Company Account $ Inventory $12‚890 Accounts receivable 12‚800 Accounts payable 12‚670 Net sales $124‚589 Cost of goods sold 99‚630 Cash conversion cycle: What is the cash conversion cycle for Ridge Company? 38.3 days 46.4 days 83.5 days 129.9 days Find the final exam answers here FIN 571 Final Exam Multiple Choice Question 58 The cash conversion cycle
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and allowances‚ promotional pricing‚ and differentiated pricing Price adaptation 2. The three guidelines for anticipating management reactions are (1) prior to the crisis during normal day-to day operations‚ (2) at the moment some event triggers the crisis‚ and (3) during the crisis situation that triggers the event. These guidelines are the stages for ________. crisis management 3. A social definition of marketing says marketing is the process by which individuals and groups obtain what they need
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Operation Assignment Name: HongYu Qiao ID: B332898 The operation network of Tesco in UK are the largest within the Group‚ with over 3300 stores and 310‚000 colleagues. Tesco has been trying to build a better supermarket in the UK and deliver the things that matter to their customers—great service‚ range‚ quality and great value.The key factors for Tesco to success include staffs‚ goods‚ delivery‚ layout‚ price and quality. For example‚Tesco
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