How would you distinguish between operations processes and supply chain processes?
Q: Explain characteristics of traditional operations in supply chain and their strengths and weakness(…
A: The traditional approach to the operation: The traditional method of operation improves the system…
Q: Why is the organisation willing to charge high rates from the perspective of operations management?…
A: The company charges higher prices to instill in the minds of customers the belief that its product…
Q: Define the value in use through the consumer perspective of value in operations strategy ?
A: A product's value-in-use (or use value) is determined by the perceived value that a consumer places…
Q: What things are crucial when changing capacity planning levels in operations
A: An organization with the aim of anticipating and calculating the organization’s management capacity…
Q: Explain the structured approach by Anderson and Narus to value in use prici or life cycle costing in…
A: They take into account the activities required in generating a thorough list of value aspects, which…
Q: Explain the concept of producer surplus in order to understand the organisations perspective of…
A: To explain profitability, the economist proposes the producer surplus. Johansson (op cit) identifies…
Q: Compare viewing suppliers as adversaries with viewing them as partners?
A: The world is becoming connected these days. With the proliferation of supply chains across all…
Q: Describe the nature of operations management in the following organizations. In doing this, first…
A: a. A college library is responsible for making the books available to the students, teachers or any…
Q: Describe the trade offs and how performance goals of operations trade off against one another
A: As a tool for assessing an operation's performance against industry needs, performance measurement…
Q: Give some examples of core competencies that would not be outsourced.
A: Core competencies to the business Core competency states for the business means that about the…
Q: Starbucks has a large, global supply chain that must efficiently supply over 17,000 stores. Although…
A: Find the Given details below: Given details: WEEK −5 −4 −3 −2 −1 1 2 3 4 5 6 7 8 9 10 11 12 13…
Q: Explain the notion value in use by Adam smith in operations strategy
A: The concept of value is not new. In 1776, Adam Smith created the notion of 'value in use.'
Q: Why is operations’ view of customers focused on qualifiers and order-winnerssuch as price…
A: Operations management is a very vast term that includes activities started from procurement of aw…
Q: M Harsha Vardhan- Operation Mng. Please help with the attached. What is the difference between…
A: Operations and Supply Chain Management includes a broad area that covers both manufacturing and…
Q: Which manufacturing strategies are used in a fast-food business? How does this affect the lead time…
A: Manufacturing Strategies are used in a Fast-Food Business: The Fast Food Business is highly…
Q: Discuss through an example of how process choices can lead to competitive advantage
A: Systems are the lifeblood of any business. The manner in which an action is conducted impacts the…
Q: Interview a manager at a local company about the work he or she performs. Identify (a) the aspects…
A: Operation management is a critical mechanism for every company. It should be carried out with…
Q: How often does an organisation make adjustments to its operations and supply chain policy be…
A: Operations and supply chain policies are the basic principles that keep the company running without…
Q: State any 4 supplier assessment criteria that the municipality might utilise?
A: A secure and robust supply chain is critical to the success of any company activity. Supplier…
Q: What are the major priorities associated with operations and supply chain strategy? For each major…
A: There are some major priorities associated with operations and supply chain strategy: cost, quality…
Q: What is the operations strategy of Ryanair? Give examples of its activities that helps it achieve…
A: A business strategy is defined as the set of objectives that an enterprise must achieve to overcome…
Q: Soft Key is trying to determine how best to produce itsnewest product, DVORK keyboards. The…
A: Given Process Fixed Cost ($) Variable Cost ($) A 8000 10 B 20000 4 Supplier 0 20
Q: Critically discuss how the four steps of production planning are interrelated? b. Is operations…
A: Production Planning is to achieve the production goals of a company , to estimate how much…
Q: s at a broad societal level – The Triple Bottom Line. Illustrate with examples.
A: A sustainable company is one that is concerned with the social, environmental, and economic…
Q: Given a business strategy of being the word leader in manufacturing electric cars with innovative…
A: BYD is Chinese industrial of electric vehicles particularly the passenger car. It must adopt a value…
Q: We understand that a sustainable future is reliant on green operations management. However, amending…
A: Environmental issues are looming large and are of serious concern for the entire humanity. People…
Q: According to this individual, there are different decision making criteria in different types of…
A: Below is the solution:-
Q: 3 Problems seen in the situation: 1. It does not earn too much but it makes sales enough for…
A: From the case details, the following information can be extracted. 1. The company is not earning…
Q: Why is operations view of consumer centerd on order winners and qualifiers like price sensitivity,…
A: Operational management is a significant phrase that encompasses everything from acquiring raw…
Q: Why does the “proper” operations strategy keep changing for companies that are world-class…
A: Operations strategies are the strategies or guidelines set for performing or implementing internal…
Q: Describe the value in use through the consumer perspective of value from the subject operations…
A: Value-in-use (or use value) depends on the perceived value that a customer/consumer has when making…
Q: Describe how any three of the OM activities in the box "What Do Operations Managers Do?" impact the…
A: Z is a Las Vegas-based online retailer that was included in Fortune's list. Customers are often…
Q: escribe how any three of the OM activities in the box “What Do Operations Management D?” impact the…
A: In the company, there are a lot of activities operation managers perform by day by day, listed below…
Q: With regards to core processes, explain the supply chain measures?
A: Production chain management is the method of getting a product from raw material to the customer,…
Q: CASE: In its 30 years of existence, Hard Rock has grown from a modest London pub to a global power…
A: 1) In view of the Hard Rock bistro's task concept, the 10 activity options on the board would be…
Q: what is the difference between raw materials and feedstock? give examples
A: Definitions: Raw materials: - Raw materials are the general component terms that consist of all the…
Q: Starbucks has a large, global supply chain that must efficiently supply over 17,000 stores. Although…
A: This question is part of forecasting approaches and Analysis, here, It falls under the Business-…
Q: List, describe, and explain the 5 most important concepts that you learned in Operation management:
A: Operations Management is mainly concerned with planning, organizing and supervising in the contexts…
Q: State an example ,the mission and strategy of a firm in which the strategy supports it's mission…
A: To be determined: State an example ,the mission and strategy of a firm in which the strategy…
Q: Describe three basic decisions that must be addressed in the design of operations systems. For each…
A: Operation management is an area of management that is related to designing and controlling. It…
Q: Andrew Manufacturing held an average inventory of $1.2 million (raw materials, work-in-process,…
A: The inventory days’ supply is defined as the ration of average inventory (Raw material, WIP, and…
Q: Explain the frequency of developing and refining the operations and suppy chain strateg For a firm
A: to be determined: the frequency of developing and refining the operations and supply chain strategy…
Q: What are six examples of how can you determine what aspects of an organisation’s operations need to…
A: 91 percent of customers who were not happy, will never purchase from you ever again. The number one…
Q: Explain the scope of production and operations management in your own words.
A: Production management can be defined as a division of management concerning itself with the…
Q: What does sales and operations planning serve? Explain the S&OP procedure?
A: The supply chain is the system in which processes, technologies, resources, and employees are used…
Q: Why should Operations Management be taught in course curriculum of BBA? What is OM all about? Why is…
A: It is a course which is used to design to provide knowledge to the business professionals about the…
1.How would you distinguish between operations processes and supply chain processes?
With an example, illustrate how servitisation may be used by manufacturing organisations.
What is the relationship between efficiency and value?
Why is sustainability an important component in a firm’s strategy development?
The Shell Oil Company has “People, Planet and Profit” as its triple bottom line phrase. What
does the term “People” as contained in the phrase mean?
Why must supply chain risks be determined and managed?
From an economic point of view, provide a justification for product and service design or
redesign.
State one consequence a firm is likely to suffer as a result of a lengthy product design.
Explain why quality is cited by CEOs and business leaders as the most important factor in the
long-term profitability and success of the firm.
What production strategy would you say best describes the construction of the Akosombo
dam?
Identify the production process likely to be used by a paper mill and justify your answer
Explain why capacity is a major operational issue with service organisations.
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- What is the relationship between Supply Chain Sustainability and Operations Planning and Scheduling? Does the organization use both together?Soft Key is trying to determine how best to produce itsnewest product, DVORK keyboards. The keyboards couldbe produced in-house using either Process A or Process B,or purchased from a supplier. Cost data are given below.For what levels of demand should each process be chosen? Fixed Cost Variable CostProcess A $ 8,000 $10Process B $20,000 $ 4Supplier $ 0 $203. Why does the “proper” operations and supply chain strategy keep changing for companies that are world-class competitors?
- In implementing supply chain strategy, a firm must minimize its total cost without compromising the needs of its ____?Will the supply chain world remain chaotic this year, asks Supply Chain Dive (Feb. 22, 2022)? What about shortages, scarce materials, and delivery expectations? How should companies approach their supply chain strategy in 2022? Here are 7 trends suggested in a new ebook: TREND #1: LABOR SHORTAGE CONTINUES The first prediction for 2022 is that the labor shortage in supply chains will continue well into 2022. There’s no area of labor left unturned – be it labor planning, employee retention, labor efficiencies, or robotics. Every strategy and profit impact option must be rescoped. TREND #2: NEED FOR REAL-TIME VISIBILITY Companies are now recognizing the importance of real-time visibility in their supply chain. Disruptions are rampant and costs are soaring. Teams need to be more proactive in the way they handle their processes, people, and products. TREND #3: RISING VENDOR EXPECTATIONS Companies are starting to demand more from their vendors in terms of functionality,…Will the supply chain world remain chaotic this year, asks Supply Chain Dive (Feb. 22, 2022)? What about shortages, scarce materials, and delivery expectations? How should companies approach their supply chain strategy in 2022? Here are 7 trends suggested in a new ebook: TREND #1: LABOR SHORTAGE CONTINUES The first prediction for 2022 is that the labor shortage in supply chains will continue well into 2022. There’s no area of labor left unturned – be it labor planning, employee retention, labor efficiencies, or robotics. Every strategy and profit impact option must be rescoped. TREND #2: NEED FOR REAL-TIME VISIBILITY Companies are now recognizing the importance of real-time visibility in their supply chain. Disruptions are rampant and costs are soaring. Teams need to be more proactive in the way they handle their processes, people, and products. TREND #3: RISING VENDOR EXPECTATIONS Companies are starting to demand more from their vendors in terms of functionality,…
- 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?Choose a Logistics company that creates a product or offers a service that you are familiar with. Using the company website and additional research, list the inputs that the company uses to produce outputs. Define the outputs created. After creating this list, discuss the additional functional units within the organization that are important to thefinal product. How important do you believe the quality of the operations management is to the final output? Explain your answer.For this activity, you will apply the concepts of operations management to real world situations. Filipino companies in the Logistics Industry and other related business enterprises would be preferable.With a minimum of 500 words and a maximum of 1000 wordsInterview a manager at a local company about the work he or she performs. Identify (a) the aspects of the job that relate to OM (as in the OM activities in the box "What Do Operations Managers Do?") and (b) an example of primary, support, and general management processes.
- 1. Briefly discuss 4 supply chain challenges. 2. A large percentage of the revenue of most firms is spent in the Operations Management function. Select one: a. False b. True 3. Design is a basis for _________________and should therefore be a ____________________ Select one: a. Efficiency; key consideration b. Competitiveness; core competency c. Profitability; key strategy d. Survival; core competency e. Competitiveness; key strategyHow is the planning at Ashley furniture? (As a company) Planning:Consists of the processes necessary to strategically operate an existing supply chain. Note: Answer the questionWhy does the proper operations and supply chain strategy keep changing for companies that are world-classcompetitors?