As my course in Operations Management comes to an end it is time for me to analysis all that I have learned in MGTU-315. To reflect on the knowledge I’ve gained from key concepts, and putting them to practical use in analyzing the operations strategy, performance, and the planning and control of our group project. In this essay I will discuss what key concepts and their relationships with various mythologies, along with my thoughts on how they may be applied in real situations at work. As an example I will be using the issues I had my summer in my small business. I. Analysis The “Frugal Ferret” specializes in handcrafted ferret toys, cage accessories and unique ferret hideouts, etc. They also offer ferret training, DY I repurpose projects that help the customer to be frugal. The business was founded summer of 2013 in Washington State. The manufacturing is done in a converted two-car garage by the owner and two part-time employees. Earlier in October the owner who previously did all work herself hired the two part-time employees and delegated the cutting and construction of the sleep bags to them. The owner started focusing more managing the resources and customers trying to increase her customer base. She had an issue with how to reach new customers to bring in more business. Issues started with the assembly quality of the three-tiered sleep sack almost immediately after hiring the employee. The assembly time to make one sleep sack used take about two hours but the new
Chase, R. B., Jacobs, F. R., Aquilano, N.J. Operations management for competitive advantage (11th ed). New York: McGraw Hill/Irwin.
In organizations today there are many factors in operating a company that requires various essential abilities and skills. Managers must have the ability to manage issues when they present themselves before resulting in a larger problem. The ability to manage cost, over see many projects, and also forward think are critical strengths a leader must have. Using project management to implement new processes, ensure life cycles of products stay relevant and management inventory levels are all key factors that will ensure financial success with an organization.
In this executive summary, The Goal by Goldratt will be analyzed in detail. First, 10 operations management decisions as found on page 7 of the Heizer and Render textbook will be listed in column 1. Next, for each OM decision, examples from The Goal textbook that exemplify the type of problem or solution relevant to the OM area will be summarized in column 2. Finally, a scenario from my work life will be exemplified in column 3.
If religion is a mythology, then is a mythology a religion? Well, Religion and mythology may seem like too different things, but yet they still do overlap on some aspects. Both talk about a system that has a high importance to many people. Religion is based an organized collection of beliefs, culture, and perspectives, that’s spread around the world. While, mythology is referred to a collection of “myths” which is told by a group of people. This is used to explain nature, history, or customs!
Operations Management in an organisation is repsonsible for managing and in making decisions concerning the activities that convert inputs into outputs , that is goods and services. This covers both short term actvities as well as longer term activities to meet strategic goals. Inputs can be the raw materaials need to manufacture goods such as furniture or the computers needed to create a service like online shopping site. Operation management’s role is to make decisions to improve how operation activities function, for example, to improve the final quality of the output or to change production methods to be more efficient in terms of cost and in time.
Operations management is essential for the survival and success of any organization. According to Heizer & Render (2011), operations management (OM) is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. Operations managers today contend with competition, globalization, inflation, consumer demand, and consistent change in technology. Managers must focus on the efficiency and effectiveness of processes such as cost, dependability, distribution, flexibility, and speed. The intent of this paper is to discuss the processes and operations management of the Kroger Company.
Operations management is defined as the design, execution, and control of operations that convert resources into desired goods and services, while implementing an organizations business strategy (Business Dictionary, 2015). Office Depot Inc. is one such organization that truly understands that solid operations is the foundation to the success they have had in recent years. In this paper, I will give the history and background of Office Depot Inc. and explain why they have been able to keep such a competitive advantage in the consumer and small business supply industry. Additionally, I will
Being the Operations Executive new on board, I am commissioned by the top management to perform a detail scan on the nature of operations management within the organization
Due to the prevalence of Buddhism throughout this piece of work it is fundamental to understand what exactly this belief system contributes to the overarching narrative as the meta-theme is weaved throughout the whole. In particular two avenues of thought require further exploration, the Buddhist doctrines of reincarnation and karma. It is important not only to see how these two doctrines function independently of each other, to understand them on their own terms, it is also beneficial to understand how they are interconnected. In the Buddhist mentality, reincarnation cannot exist apart from the existence of karma. Certainly the overwhelming number of adherents to this religion gives cause for this myth system to be considered in depth. It would be advantageous to briefly explain the connection between reincarnation and karma before examining either on their own. Reincarnation is the process of rebirth that every living thing, including sentient beings, experiences after death which brings about a new life with a potential to be born into one of the six realms (Prebish Buddhism: The EBook: An Online Introduction 31). Karma, therefore, is the cosmic currency that determines which realm of rebirth the new life can begin, which is accumulated through each previous life (Prebish 39). To understand the significance of Karma, an exploration of the transaction of reincarnation is essential.
From my perspective, I believe commonalities exist in myths found in different cultures because in a way they can share certain beliefs; however, it may be worded differently to fit that specific culture. For instance, most cultures believe that women should maintain their modest and/or wait to have intercourse until marriage. After reading Carl Jung’s belief that humans share a collective unconscious that often plays a role in dreams and myths (Stein & Stein, 42), it only adds on to my own beliefs that various cultures share similarities in which can have an impact on myths. Additionally, our textbook The Anthropology of Religion, Magic, and Witchcraft provides other reasons as to why common themes are found in myths cross-culturally. The
The Goal by Eliyahu M. Goldratt explains important concepts of operation and general management. Although this novel is set in a manufacturing plant, the concepts and terms can be universally applied to a variety of organizations. Through the story of Alex Rogo, readers learn how common misconceptions about the operations of a business can be detrimental to the success of a firm; conversely, Goldratt illustrates how alternative approaches can revive a plant and help to achieve its ultimate goal.
Slack et al (1995) postulates that operations management if effectively implemented and managed can be a crucial factor for the company development. According to them operations management is an essential catalyst for an organisation to grow. They believe that operation management is essential for ;
This analysis delves into the company’s operation management principles to interpret its successful strategies and offer future recommendations.
The case study illustrates the challenges met by a newly established company i.e. Rio Bravo IV in a high performance and quality demanding Industry. It shows how the best operations management strategy is important and how customer focus is a key feature in the success of an organization. We also see how building the right team for the right job will be key in the success of projects in today’s result oriented world.
As I seek to enter the workforce/company, one of the first things that I wish to remember is the importance the company has placed on their strategic planning and goals. How decisions made by this team will directly affect the operations, finance, accounting, purchasing and administrative departments. The things that help to make any organization successful, are the value the organization places on their strategic, and operational goals. Therefore, before taking a position with a company I hope to learn as much as I can about the various functions of the company, and how each department works with the next in order to achieve these goals. Thus, I hope to use the knowledge I have gained in this class in operations management to access the company’s operational strategies. This should be reflective in their mission and vision statements as well as their financial reports. I would also look for the value they place on ethics, corporate responsibility and giving back to the community. I feel a company’s success will be directly tied to how effective they are in meeting the daily challenges of processes/production/service, operations, and sales. The value placed on these specific areas will be evident by their success and reflective in both their short and long term goals, in their financial statements.