Describe the operations function and the nature of the operations manager's job.NOTE: please refer to the given lesson 8OPERATIONSThe operations function consists of all activities directly related to producing goods orproviding services. Hence, it exists both in manufacturing and assembly operations,which are goods-oriented, and in areas such as health care, transportation, food handling,and retailing, which are primarily service-oriented. Table 1-1 provides illustrations of thediversity of operations management settings.value-added The differencebetween the cost of inputs andthe value or price of outputs.PART ONE INTRODUCTIONThe operations function is the core of most business organizations; it is responsible forthe creation of an organization's goods or services. Inputs are used to obtain finished.goods or services using one or more transformation processes (e.g., storing, transporting,cutting). To ensure that the desired outputs are obtained, measurements are taken at vari-ous points in the transformation process (feedback) and then compared with previouslyestablished standards to determine whether corrective action is needed (control). Figure1-3 shows the conversion process.Table 1-2 provides some examples of inputs, transformation processes, and outputs.Although goods and services are listed separately in Table 1-2, it is important to note thatgoods and services often occur jointly. For example, having the oil changed in your car isa service, but the oil that is delivered is a good. Similarly, house painting is a service, butthe paint is a good. The goods-service package is a continuum. It can range from primar-ily goods, with little service, to primarily service, with few goods. Figure 1-4 illustratesthis continuum.$0.33$0.48 Flour$0.56$1.00萬110$1.08Bread2024 20商暴$1.29$0.25The essence of the operations function is to add value during the transformation process:Value-added is the term used to describe the difference between the cost of inputs and thevalue or price of outputs. In nonprofit organizations, the value of outputs (e.g., highwayconstruction, police and fire protection) is their value to society; the greater the valuewere of themadded, the greater the effectiveness of these operations. In for-profit organizations, thevalue of outputs is measured by the prices that customers are willing to pay for those goodsor services. Firms use the money generated by value-added for research and development,investment in new facilities and equipment, paying workers, and profits. Consequently, thegreater the value-added, the greater the amount of funds available for these purposes.

the operations consist of different activities which can be of the following types - producing goods…

Answered: Describe the operations function and…

Business

Operations Management

Describe the operations function and the nature of the operations manager's job. NOTE: please refer to the given lesson

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

the following are come accounts pertaining to the rooms division od XYZ Inn. salaries and wages $10,000 operating supplies $5,000 sales $200,000 laundry $9,000 commissions $2,000 dry cleaning $500 uniforms $200 fringe benefits and payroll taxes 10% of salaries and wages other expenses 3% of sales 1. using the information provided above, what would the total salaries, wages, service charges, contracted labor and bonuses be equal to on the rooms department schedule for XYZ Inn? 2. using the information provided above, what would the total payroll-related expenses be equal to on the rooms department schedule for XYZ Inn? 3. Using the information provided above, what would the total rooms revenue be equal to on the rooms department schedule for XYZ Inn? 4. Using the information provided above, what would the total expenses be equal to on the rooms department schedule for XYZ Inn? 5. Using the information provided above, what would the total labor costs and related expenses be equal…
Mt. Kinley is a strategy consulting firm that divides its consultants intothree classes: associates, managers, and partners. The firm has been stable in size for the last 20years, ignoring growth opportunities in the 90s, but also not suffering from a need to downsize inthe recession at the beginning of the 21st century. Specifically, there have been—and areexpected to be—200 associates, 60 managers, and 20 partners.The work environment at Mt. Kinley is rather competitive. After four years of working as anassociate, a consultant goes “either up or out”; that is, becomes a manager or is dismissed fromthe company. Similarly, after six years, a manager either becomes a partner or is dismissed. Thecompany recruits MBAs as associate consultants; no hires are made at the manager or partnerlevel. A partner stays with the company for another 10 years (a total of 20 years with thecompany).A. How many new MBA graduates does Mt. Kinley have to hire every year?B. What are the odds that a new hire…
Solve the following problem with Excel Solver: (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to the nearest whole number.) Maximize Z = 3X +Y.12X + 14Y ≤ 85 Resource A3X + 2Y ≤ 18 Resource BY ≤ 4 Resource C Decision for XDecision for YTotal profit $ Resources UsedResource AResource BResource C
Which statement is true? A. In the Service (Productt) Processs matrix, the degree of labor intensity refers to the ratio of labor cost to total cost. B. In the Service (Productt) Processs matrix, capital intensive services such as airlines and hospitals are grouped under the service category Masss Service. C. In the Service (Productt) Processs matrix, volume refers to the volume of business generated from new customers in the previous month. D. The Service (Productt) Processs matrix offers no place for large, capital-intensive businesses with 24/7, continuous production.
The Mystic Coffee Shop blends coffee on the premises forits customers. It sells three basic blends in one-pound bags:Special, Mountain Dark, and Mill Regular. It uses four dif-ferent types of coffee to produce the blends: Brazilian,mocha, Colombian, and mild. The shop used the followingblend recipe requirements:The cost of Brazilian coffee is $2.00 per pound, the cost ofmocha is $2.75 per pound, the cost of Colombian is $2.90per pound, and the cost of mild is $1.70 per pound. Theshop has 110 pounds of Brazilian coffee, 70 pounds ofmocha, 80 pounds of Colombian, and 150 pounds of mildcoffee available per week. The shop wants to know theamount of each blend it should prepare each week in orderto maximize profit.Formulate and solve a linear programming model forthis problem.
THE PRIMER INC.Primer Inc. offers plumbing and air conditioning services to customers in Kumasi, Ghana. Thecompany’s product strategy is to solve the customer’s problem irrespective of what it takes, at thetime the customer needs it solved. The company provides same day service for customers, and theaim is to make the customer happy before leaving.The services of the company are available 24 hours a day, 7 days a week for customers. There isno extra charge for requests made on holidays, odd hours of the day, or in festive seasons. Thecompany aims to be available at the call of customers without charging a pesewa extra, even attimes when rival firms won’t get out of bed.The company fixes the price of the service before it begins, and customers can be assured of noextra charges. Irrespective of the customer’s location in the city, Primer Inc. does not chargeadditional fees for transportation. For all services, the company provides a one year guarantee onall parts and labour used, whiles…
THE PRIMER INC.Primer Inc. offers plumbing and air conditioning services to customers in Kumasi, Ghana. Thecompany’s product strategy is to solve the customer’s problem irrespective of what it takes, at thetime the customer needs it solved. The company provides same day service for customers, and theaim is to make the customer happy before leaving.The services of the company are available 24 hours a day, 7 days a week for customers. There isno extra charge for requests made on holidays, odd hours of the day, or in festive seasons. Thecompany aims to be available at the call of customers without charging a pesewa extra, even attimes when rival firms won’t get out of bed.The company fixes the price of the service before it begins, and customers can be assured of noextra charges. Irrespective of the customer’s location in the city, Primer Inc. does not chargeadditional fees for transportation. For all services, the company provides a one year guarantee onall parts and labour used, whiles…
1. Identify the missing TPS basic activity: data collection, data editing, data _________, data manipulation, data storage, and document production. 2. The amount of support for decision making that a TPS directly provides managers and workers is low. True or False? 3. Which of the following is not one of the basic components of a TPS? a. databases b. networks c. procedures d. analytical models 4. A form of TPS where business transactions are accumulated over a period of time and prepared for processing as a single unit is called _____________. 5. Capturing data at its source and recording it accurately in a timely fashion, with minimal manual effort, and in an electronic or digital form that can be directly entered into the computer are the principles behind _________. 6. Which of the following is a set of transaction processing systems sometimes referred to as the “lifeblood of the organization?” a. purchasing systems b. accounting systems c. order processing systems d. none of…
The following data pertain to the Oneida Restaurant Supply company for the year just ended. Budgeted sales revenue $205,000 Actual manufacturing overhead $340,000 Budgeted machine hours (based on capacity) 10,000 Budgeted direct-labor hours ( based on capacity) 20,000 Budgeted direct-labor rate $14 Budgeted manufacturing overhead $364,000 Actual machine hours 11,000 Actual direct-labor hours 18,000 Actual direct-labor rate $15 Compute the firm's predetermined overhead rate for the year using each of the following common cost drivers: a) machine hours, b) direct-labor hours, and c) direct-labor dollars.
ABC company creates specialty shipping bags that they sell to pharmaceutical companies across the globe. With their current equipment, ABC can produce 12,000 shipping bags for every 10 bundles of materials purchased. Every month (20 working days), ABC purchases 100 bundles of materials. Each bundle requires one (1) labor minute to process, and every labor hour costs an average of $14.00. Each week (5 working days), ABC pays $5,000 in overhead costs, and equipment costs $600 a day to operate. 1. How many shipping bags does ABC produce in a standard month (20 working days)? Each workday (8 hours)? 2. What is the single-factor productivity for labor, per workday (8 hours)? What is the multi-factor productivity, for every dollar spent per shipping bag? ABC is deciding to make some changes. If the company buys different equipment, they expect that each bundle will only take 30 seconds to process, but equipment costs will go up to $800 a day to operate. All other factors would remain the…
Hello, Could you please explain each step with equations so I can learn from that? The manager uses the available information on fish nutritional requirements and feed production practices to create a list of constraints. Constraints (for feed nutrients and feed mix ingredients) (1) Total weight of feed mix = 100 kg (2) Total protein, at least 30 kg (3) Total digestible energy, at least 250 Mcal (4) Total calcium, at least 0.5 kg (5) Total calcium, not more than 1.5 kg (6) Amount of fishmeal in the feed mix, at least 8 kg (7) Amount of ricebran in the feed mix, not more than 20 kg (8) The total cost of the feed mix to be minimal. A) Write the LP model B) Solve for the amount of ingredients in 100 Kg of fish feed mix C) Solve for minimum cost of 100 Kg of fish feed mix D) Solve for the amounts of nutrients used (Constraints)
“Woolworth’s Management should direct the business towards its goals.” With reference to theabove statement, explain the key strategic goals for Woolworth’s