Operation management week 3-2 1. what is the reason for formulating and implementing an operation and supply chain strategy? The implementation of an operations and supply chain strategy is necessary for an organization in order to provide a clear vision of the value they will provide to the customer. The strategy should detail the competitive advantage the organization seeks to obtain and deliver. To develop a successful strategy‚ the organization must understand the values held by the customer
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1. Which of the following best describes the strategic importance of short-term scheduling? A) Effective scheduling‚ through lower costs‚ faster delivery‚ and more dependable schedules‚ can provide a competitive advantage. B) Effective scheduling is a tactical tool for increasing demand to meet production. C) Forward scheduling looks to future demand levels in order to increase customer satisfaction. D) Aggregate planning is a tactical action‚ but short-term scheduling is strategic because of
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| Rooms Division operation Management | Higher National Diploma In Hospitality Management | Bheemuck Chuvinee Neha & Emile Natacha Sandrine 11/19/2012 | Acknowledgement We would take this opportunity to first of all‚ express our words of gratitude to Mr Armooghum‚ who has been present for our queries. He has helped us a lot in solving confusions. The lectures have been helpful for the assignment‚ which have been one of the motivating factors. We would also like to thank the
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Cathryn M. Agge Stickley Furniture BUS 644 OPERATIONS MANAGEMENT WEEK 6 FINAL PAPER September 26‚ 2011 Abstract After changing management current Stickley Furniture managers were able to turn the company around‚ growing and generating a steady demand for their products. They produce fine cherry‚ white oak‚ and mahogany furniture with a prestigious line of mission oak furniture. Stickley Furniture has a production facility outside of Syracuse‚ New York but has various showrooms in New York
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Operations Management Assignment 3 Q:Difference between different types of EOQ. Economic Order Quantity: The economic order quantity (EOQ) is the fixed order quantity (Q) that minimizes the total annual costs of placing orders and holding inventory (TC). This type of model is used when i) Demand is independent. ii) Compute how much to order. Economic Production Quantity: The economic production quantity (EPQ) is the production quantity (lot size) that minimizes the total annual
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resources which‚ when imple- mented‚ are difficult or impossible to modify without major added costs.(T/F) T Increasing capacity just before a bottleneck operation will improve the output of the process. (T/F)F 7. Design capacity refers to the maximum output that can possibly be attained. (T/F)T Among decision environments‚ risk implies that certain parameters
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improve their working conditions and helps them to learn to reduce waste‚ unplanned downtime‚ and in-process inventory. Seiri整理 (Sort) The first S‚ focuses on eliminating unnecessary items from the workplace that are not needed for current production operations. It involves: "Red tagging"- effective visual method to identify these unneeded items. Red tag is being put to those items that are not needed and once they have been identified‚ these items are then moved to a central holding area for subsequent
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Guess‚ Gather Data; and Part 3 Moving Forward). Now answer the questions below: Question 1: The Zara case shows how information systems can impact every single management discipline. Which management disciplines were mentioned in this case and how does technology impact each? (50% of the total mark) The case study mentioned management disciplines including information gathering‚ processing‚ storing‚ distributing and use of information. Gather market information One of the successful factors
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performance. Performance here is defined as the degree to which an operation fulfils the five performance objectives at any point in time‚ in order to satisfy its customers. A polar diagram can be used to see how well the 5 dimensions of performance of the operation meet requirements of the market. It is unlikely that for any operation a single measure of performance will adequately reflect the whole of a performance objective. Usually operations have to collect a whole bundle of partial measures of performance
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BANK Chapter 1: Introduction 1 Why would a marketing major need a basic foundation in operations management? A) Marketing staff schedule work centers for most businesses B) Marketing staff must know how to design processes C) Marketing staff must be able to make decisions with the entire business in mind D) Marketing staff must understand the technical processes behind manufacturing capacity management C 2 The value of a product is defined by: A) The owner B) The potential customer
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