Q2. Discuss different types of Operations Strategies and different types of production strategies with example
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Q2. Discuss different types of Operations Strategies and different types of production strategies with example
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- Question1: Evaluation of advantages and disadvantages of outsourcing in operational management activities of a manufacturing concern Question 2: How strategic decisions made by as service firm can be crucial in responding to the current challenges of operations management Note: Donot copy from internet use own concept for answerQuestion 1: Janana De Malucho Textile Mill Co., Ltd. produces and sells 40/s combed and 60/s combed yarns for air-jet looms, which are being sold at high prices. To this end, they hired people from nearby villages, where there are few job opportunities. Sher Zaman employees devised a cost reduction plan, but the production manager did not welcome it. Another employee, Waseem, made some suggestions to improve its design, but the production manager was also not satisfied.1.State the management principle violated in the above paragraph.2.Determine any two values that the company wants to convey to society and how? Explain in your own words?QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations?
- QUESTION 4 a. Explain any two process technologies for materials. b. Discuss any three factors that will help to determine the type of production processused. c. Distinguish between design capacity and effective capacity. Provide a briefexample. d. Why is the capacity decision important? e. A regional bank training center has the physical ability to handle 1,300 participants.However, management personnel believe that only 1,100 participants can be handledeffectively for most training sessions. The last training session, although forecasted tohave 1,000 participants, resulted in the attendance of only 990 participants. Calculatethe utilization and efficiency of the training facility.QUESTION 4 a. Explain any two process technologies for materials.b. Discuss any three factors that will help to determine the type of production process used.c. Distinguish between design capacity and effective capacity. Provide a brief example.d. Why is the capacity decision important?e. A regional bank training center has the physical ability to handle 1,300 participants. However, management personnel believe that only 1,100 participants can be handled effectively for most training sessions. The last training session, although forecasted to have 1,000 participants, resulted in the attendance of only 990 participants. Calculate the utilization and efficiency of the training facility.Operations Management CH 11 Please show work and explain. Thank you. Question 7, Part A & B
- question 2: Where an organisation is looking to downsize they would be looking for A.outputs to remain the same and inputs to be reduced B.increase both inputs and outputs C.decrease both inputs and outputs, with inputs decreasing at a faster rate D.outputs to increase with little or no increase in inputs quesiton 3: When the number and cost of abour and equipment is used as inputs to calculate productivity, what is the productivity measurereferred to ? A.Total factor productivity B.Single factor productivity C.Multi-factor productivity D.Productivity QUESTION 4 Employee remuneration which is based solely on output without consideration of time spent) is referred to as A.Output based pay B.Numbers game pay system C.Piece rate wage system D.None of the aboveQuestion 2: How strategic decisions made by as service firm can be crucial in responding to the current challenges of operations managementQuestion Two: Compute the multifactor productivity measure for each of the weeks shown for production of pencils. Assume 40-hour weeks and an hourly wage of 12 L.E. Overhead is 1.5 times weekly labor cost. Material cost is 6 L.E. per kilogram. Calculate the growth in productivity between the two weeks. Week Output (Pencils) Workers Material (Kg) 1 60,000 12 900 2 80,000 11 920
- Article: SpaceX By: David R. King 1. Write two paragraph of internal analysis of the firm's core competencies.Q21 The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 348,000 Cost of goods sold 305,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 67,000 Value of finished goods on-hand 27,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)Star Symphony would like to perform for a neighbouring city. Fixed costs for theperformance total $5,000. Tickets will sell for $15 per person, and an outside organizationresponsible for processing ticket orders charges the symphony a fee of $2 per ticket. StarSymphony expects to sell 500 tickets.1. How many tickets must Star Symphony sell to break even?2. How many tickets must the symphony sell to earn a profit of $7,000?3. How much must Star Symphony have in sales dollars to break even?4. How much must Star Symphony have in sales dollars to earn a profit of $7,000?5. What is the symphony’s margin of safety in units and in sales dollars?