Describe the 4Ms of business operations in the relation to business opportunities in a form of essay.
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- Describe the 4 Vs of Operations management with the help of examples..Please provide academic and professional references.Word Limit 100- 120 wordsWhat would you recommend to the company if they asked you to advise them in improving their operations? Operation and Process Management 5th edition by Nigel Slack, Alistar Brandon-Jones ISBN: 978-1-292-17613-0Name the ten (10) critical decision areas of Operations Management and discuss them with your significant learnings/insights you may have.
- - Give a description of the operations transformation model. - Explain the components of the operations model: 1. Inputs: 2. Transformation process: 3. Outputs: - Apply them to the jean manufacturer company : You are the newly appointed operations manager for a local manufacturer of jeans for men and women. Previously, there was no proper management of the department and you intend to correct this by revamping the layout and flow of manufacturing. You also intend on improving the reliability of the operations processes. You need to explain to your new operations team several important concepts related to operations management.Out of ten (10), name five (5) critical decision areas of Operations Managementand discuss them with your significant learnings/insights you may have.Describe the 4 Vs of Operations management with the help of examples. Your answer should be strictly in your own words Please provide academic and professional reference
- Which one of the following statements regarding operations management is TRUE? 1:- Inputs to a production system include capital and materials, but not human resources. 2:- Operations management deals only with manufacturing organizations because service organizations do not have tangble outputs. 3:- Typical inputs to a production system are processes and consumer goods. 4:- Customer participation and information on performance are two special types of inputs to a production systema. Design Processi. Explain why the service design process is more difficult than the product design b. Process Strategyi. Explain the difference between assembling a car and assembling an electronic equipment according to process strategy? c. Operations Strategyi. Explain the understanding of the theory of Comparative Advantage which was initiated by David Ricardo ii. Briefly describe the application of this theory to operations management and give an example. d. Operations and Productivityi. Explain why management is an important determinant of productivity?ii. Explain why the knowledge society is very important in productivity in acompanyWhat are the tradeoffs between the five performance objectives: quality, speed, dependability, flexibility and cost? How does one improve and one decline with examples for Operations Management? Any articles showing a table or comparison chart would be helpful too
- Describe the fundamental concept of Operations management with the help of relevant examples. answer must be between 200-300 wordsThe process of identifying other organizations that are bestat some facet of your operations and then modeling yourorganization after them is known as:a) continuous improvement. b) employee empowerment.c) benchmarking. d) copycatting.c) patent infringementRespond to the following statement: 1) "Appraisal cost would be high so wait for Failure Cost.” 2) Human factors can never be underestimate in operation management whether automation exist