Describe how time-based competition is implemented by OM?
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Describe how time-based competition is implemented by OM?
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- Classify the scheme that allows the management to address key questions such as how to achieve the new productions,availability in the firm,etc?Kamal Fatehl, production ma nager of Kennesaw Manufacturing, finds his profit at $15,000 (as shown in the following statement)- inadequate for expanding his business. The bank isinsisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve the profit line to $25,000 so he can obtain the bank's approval for the loan. a) What percentage improvement is needed in a supply chain strategy for profit to improve to $25,000? What is the cost of material with a $25,000 profit?b) What percentage improvement is needed in a sales strategy for profit to improve to $25,000? What must sales be for profit to improve to $25,000?SCENARIOA steel-working organisation operates 30 steel-working plants globally, including a plant located on the outskirts of a large town, where you are employed.This steelworks contains many different workshops that cover the whole steel-producing process. This involves repair, maintenance, fabrication and welding of large steel structures.Within the fabrication and welding workshop an overhead crane is used to move heavy steel into position. There are signs on this crane stating that only trained workers can operate it. Workers understand that manual handling and mechanical lifting aids should be considered first, with the crane only used as a last resort.The workforce consists of 20 workers. These include a general workshop manager (GWM) and 2 workshop supervisors. There are also 3 apprentices, who are not trained in the use of the crane.In your new role, you work in the fabrication and welding department as the Health and Safety Manager, reporting to the GWM. The GWM does not…
- SCENARIOA steel-working organisation operates 30 steel-working plants globally, including a plant located on the outskirts of a large town, where you are employed.This steelworks contains many different workshops that cover the whole steel-producing process. This involves repair, maintenance, fabrication and welding of large steel structures.Within the fabrication and welding workshop an overhead crane is used to move heavy steel into position. There are signs on this crane stating that only trained workers can operate it. Workers understand that manual handling and mechanical lifting aids should be considered first, with the crane only used as a last resort.The workforce consists of 20 workers. These include a general workshop manager (GWM) and 2 workshop supervisors. There are also 3 apprentices, who are not trained in the use of the crane.In your new role, you work in the fabrication and welding department as the Health and Safety Manager, reporting to the GWM. The GWM does not…SCENARIOA steel-working organisation operates 30 steel-working plants globally, including a plant located on the outskirts of a large town, where you are employed.This steelworks contains many different workshops that cover the whole steel-producing process. This involves repair, maintenance, fabrication and welding of large steel structures.Within the fabrication and welding workshop an overhead crane is used to move heavy steel into position. There are signs on this crane stating that only trained workers can operate it. Workers understand that manual handling and mechanical lifting aids should be considered first, with the crane only used as a last resort.The workforce consists of 20 workers. These include a general workshop manager (GWM) and 2 workshop supervisors. There are also 3 apprentices, who are not trained in the use of the crane.In your new role, you work in the fabrication and welding department as the Health and Safety Manager, reporting to the GWM. The GWM does not…Explain the advantages and disadvantage of outsourcing and offshoring?