[pic] Course: Advance diploma in Business Management Module: Production & Operations Management Date:2013.08.06 Name of lecturer: Daniel Chew The following examples show different products and services working by different model to achieve different customers’ satisfactions. Two products examples and two service examples will be included. Product 1: 5Ps Framework of O.M. is used in the electronic devices company‚ Apple. Apple: Apple Computer‚ Inc.‚ is a famous
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According to the Operation Managers textbook‚ “Operations managers have the difficult task of ensuring that goods and services are created and delivered successfully to customers.” (Collier &Evans‚ 2000). When done on a global scale‚ operation managers encounter many obstacles when overseeing the supply chain. Building relationships with different suppliers is important. Globally‚ this can prove difficult because of cultural barriers. Operations managers also have to take into consideration international
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paced world a stringent Supply Chain Management (SCM) will always act as a competitive advantage and will be the key to what sets business apart in terms of financial performance. This is also further supported by Gunasekaran et al.‚ (2004) that SCM has been increasingly a major component of competitive strategy to improve organizational productivity and profitability. Therefore in order to respond to constantly changing customer preferences‚ an efficient and effective supply chain is a paramount to
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Winter / November 2012 Master of Business Administration - Semester 2 MB0044 - Production and Operation Management ASSIGNMENT- Set 1 Q1. Explain the basic competitive priorities considered while formulating operations strategy by a firm? Competitiveness is at the core of all strategies. Even among them‚ priorities tend to bring the organisation’s focus on the areas to be dealt with in terms of allocation of resources – people‚ money‚ and time. This means that different functional areas with
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U.S LDC Sales (units) 100‚000 20‚000 Labor (hours) 20‚000 15‚000 Raw Materials (currency) $20‚000 FC 20‚000 Capital Equipment (hours) 60‚000 5‚000 a. Calculate partial labor and productivity figures for the parent and the subsidiary. Do the result seem misleading? b. Compute the multifactor productivity figures for labor and capital together. Are the results better? c. Calculate raw material productivity figures (unit/$ where $1= FC 10). Explain why these figures
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Reducing Death Penalty Costs Delisa Richardson Missouri Western State University July 19‚ 2012 Abstract In this paper‚ I will be evaluating the death penalty in the United States and ways that costs can be cut to make it much more of a viable option. "Using conservative rough projections‚ the Commission estimates the annual costs of the present system $137 million per year (California Commission on the Fair Administration of Justice‚ 2008). What does an individual
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with ABC Company’s FDI destination‚ it focuses on two countries‚ namely China and Japan. China is the largest developing country in the world which has been experiencing rapid economic growth for a long time‚ while Japan is a country famous for its manufacturing industry products‚ ABC Company can only choose one country to invest in. In order to make the right choice‚ both FDI destinations are analyzed
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Essay The importance of non-renewable raw materials. Non-renewable resources are resources of economic value that cannot be rapidly replaced by natural means on a level equal to its consumption. They are used on a daily basis for such trivial things as creating electricity‚ heating homes‚ powering vehicles and manufacturing goods. Most of us do not even realise how dependent we are on fossil fuels and metal ores. However‚ they have become an indespensible part of modern technologically advanced
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Conversion activity occurs uniformly throughout the production process. 1) Analysis of physical flow of units. 2) Calculation of equivalent units. 3) Computation of unit costs. 4) Analysis of total costs. 5) Build a Spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the April 1 work in process costs were $27‚000 for direct material and $5‚000 for conversion. 1. | |
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following production functions‚ which exhibit increasing‚ constant‚ or decreasing returns to scale? a. F(K‚L) = K2 L b. F(K‚L)=10K + 5L c. F(K‚L)= KL.5 Q2. Suppose the process of producing lightweight parkas by Polly’s Parkas is described by the function q=10K8 (L-40).2 Where q is the number of parkas produced‚ K the n umber of computerized stitching-machine hours and L the number of person-hours of labor. In addition to capital and labor‚ $10 worth of raw materials is used in
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