University of Phoenix Operations Management OPS 571 Ashley Carr January 10‚ 2011 Riordan Production Plan Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. Riordan’s main customers range from automotive parts manufacturers to the Department of Defense. One of Riordan’s main productions is plastic beverage containers. Riordan’s most recent expansion took place in 2000 when the company relocated operations from Pontiac Michigan
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Chapter 1 1. Operation Management: administration of business practices to create the highest level of efficiency possible within an organization a. Concerned with converting materials and labor into goods/services as efficiently as possible to maximize profit of organization 2. Why Study OM? a. One of he three major functions -> marketing/finance/operations b. Want & Need to know how goods/services are produced c. Understand what operations managers do d. Costly part of organization
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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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Gonzalez‚ DoLores VanHorn‚ Jaleesa Lankford OPS/571 6/10/2015 Instructor: Peggy Ryan Businesses and companies all over the world are looking for the appropriate tools to help management address the many different duties and actions that have to be taken into consideration when supporting their profits‚ assets‚ employees‚ and overall goals. There are a number of tools available to help achieve those goals and two of them are Total Quality Management‚ “TQM” and International Organization of Standardization
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Supply Chain Process for the Electric Fans Riordan’s China plant operates as a decentralized unit of Riordan. It prepares its own forecast of electric fan sales throughout the world. It schedules production of these fans to meet the forecasted sales. The electric motors used in the fans are completely assembled units purchased from a local Chinese company. While this company attempts to maintain adequate quantities of electric motors in stock to meet all its order requirements‚ its on-time
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This file OPS 571 Learning Team Assignment Production Plan for Riordan Manufacturing Part 4 4 includes overview of the following parts: Production Plan for Riordan Manufacturing New Process Design Lean Production Supply Chain Process Conclusion Business - General Business 1. Learning Team Assignment: Production Plan for Riordan Manufacturing · Write a paper of at least 1‚050 words discussing strategic capacity planning and lean production for the new process design
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References: Chase‚ R. B.‚ Jacobs‚ F. R.‚ Aquilano‚ N.J. Operations management for competitive advantage (11th ed). New York: McGraw Hill/Irwin. Green Jr. K‚ Toms L‚ Stinson T. STATISTICAL PROCESS CONTROL APPLIED WITHIN AN EDUCATION SERVICES ENVIRONMENT. Academy Of Educational Leadership Journal [serial online]. June
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Applying the Learning Curve Process Jennifer Taylor OPS-571 Operations Management October 27‚ 2010 Dr. Stephens‚ EdD Applying the Learning Curve Theory Introduction The Pizza Store Simulation provides an opportunity to manage the factors that affect wait time at Mario’s while shortening the learning curve. The measurements of critical to quality characteristics (CTQ’s) can determine defects‚ and improve the process through modifications until an acceptable wait time is reached. Success
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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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