1. What is Warehouse Operation Management?
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- Distinguish between multiprocessing and parallel processing. Explain the value chain and the supply chain to students B Give instances of what you're referring to.The Fizer Drug Company manufactures over-the-counterand prescription drugs. Last year the company’s cost ofgoods sold was $470 million. It carried average raw materialinventory of $17.5 million, average work-in-process of $9.3 million, and average finished goods inventory of $6.4 mil-lion. The company operates 365 days per year. Compute the company’s inventory turns and days of supply for last year.The Fizer Drug Company manufactures over-the-counterand prescription drugs. Last year the company’s cost ofgoods sold was $470 million. It carried average raw materialinventory of $17.5 million, average work-in-process of $9.3million, and average finished goods inventory of $6.4 million. The company operates 365 days per year. Compute thecompany’s inventory turns and days of supply for last year
- Overview In this lesson, you will learn the role of operations management and the concepts of efficiency versus effectiveness, goods versus services, and what various operations managers do. A production activity will be conducted to assist you in understanding basic operational concepts (i.e., lean manufacturing, quality control, wage rate versus piece rate, total quality management, six sigma, process management, etc.). Instructions Review the following materials: Sections 10.1–10.8 of Introduction to BusinessLinks to an external site. Sections 12.1 and 12.4 of Introduction to BusinessLinks to an external site. Answer the questions in this document: 12.1 Operations Management Study Questions1. What are three factors that impact operations management? How might these factors affect the business you chose for your BIA projects What would you say is the goal of supply-chain management4. In what ways does supply-chain management impact operations management Thinking back to weeks…5. How operations management is related to Supply ChainWrite short notes on the importance of the following warehouse terms; ) 1. Cross Docking 2. Replenishment 3. Returns 4. Block Stacking 5. Material Handling Equipment
- Explain what end are operations and supply chain strategies being formulated and implemented?The operations management function takes cognisance of client needs and continuously formulates it's management strategies and objectives strengths and expands customer base and competitiveness. Discuss any five of the six main elements which forms part of customer needs.is needed to convert a supply chain into a value chain:Select one: a. Focusing on the primary activitiesof the organization b. Integration of primary and supportactivities c. Giving importance to supportactivities like infrastructure d. Fast delivery and less lead times
- In evolution of operations planning and control systems discuss the strengths of the reorder point systems over the foremen controlled systemsInghams’s Pizzas is a chain of pizza stores. Pizzas are made fresh in-store, and then delivered tocustomers by a fleet of drivers. The senior management team has identified the strategic priorities forthe business as on-time delivery and product quality.Required:a) For each of the strategic priorities, suggest three performance measures. b) If the company is successful in achieving challenging targets for these performance measures, willit also necessarily achieve high profitability? Explain your answer.What are the most important goals in operations and supply chain management?
