Explain the term "balanced scorecard" in a few words. What does it have to do with a business's operations?
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Explain the term "balanced scorecard" in a few words. What does it have to do with a business's operations?
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- Explain the phrase "balanced scorecard" in just a few words. What role does it play in the operations of a business?Please use the fewest words necessary to define the phrase "balanced scorecard." What connection does it have to a company's operations?In the fewest possible words, define the phrase "balanced scorecard." What is the connection between it and a business's operations?
- What exactly is a balanced scorecard, and how does it relate to operations ?What's the issue here? And what are your recommendations regarding the issues?Mr. ichul is a Director of a pastry factory in Bandung. To produce 350 cakes per day it takes the following things Labor : 350 hours / day @ $5 / hourRaw Material : 2 ton / day @ $1 / kgEnergy : $2,000 / dayCapital Cost : $500 / day a. What is the labor productivity per labor-hour for cake production at the factory?b. What is the multifactor productivity for cake production at the factory?c. In order to meet the needs for Eid later, Mr. ichul wants to increase his production to500 more per day than the previous cake production without changing other variables, what is the productivity now?
- Describe three Operations Management decisions NOT mentioned in the case that must be taken at One Stop Car Repairs. Should One Stop Car Repairs stock parts for vehicles? Why is it important for One Stop Car Repairs to forecast demand for its services?What are the pros of directing operations to the customer?How do you think benchmarking improves a company’s performance ,Justify your answer with suitable examples.
- Explain how will the operations manager improve the output to input ratio?As operations manager of Holz Furniture, you must make a decision about adding a line of rustic furniture. In discussing the possibilities with your sales manager, Steve Gilbert, you decide that there will definitely be a market and that your firm should enter the market. However, because rustic furniture has a different finish than your standard offering, you decide you need another process line. There is no doubt in your mind about the decision, and you ar e sure that you should have a second process. But you do question how large to make it. A large process line is going to cost $400,000; a small process line will cost $300,000. The question, therefore, is the demand for rustic furniture. After extensive discussion with Mr. Gilbert and Time Ireland of Ireland Market Research, Inc., you determine that the best estimate you can make is that there is two-out –of – three chance of profit form sales as large as $600,000 and a one-out –of – three chance as low as $300,000. With a large…Explain the performance objectives and do they affect operations ?