What 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
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What 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
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- Prepare a cost performance baseline for developing an operations management laboratory. The laboratory will have physical cum computer simulations for operations management problems in which students can participate to get a close-to-real world experience operations management environment. The picture is a example. Make sure you include everything.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…What are the performance objectives and do they affect operations?
- Do the operation managers have tools that can drive down costs or improve margins while preserving resources? Explain with examples?Assume you are Operations Manager in company, which produces furniture.A. Identify the nature of your output (Is it service or product?).B. Identify the degree of customer contact in the company (will it be high or low?). Explain.C. Identify how difficult or easy it would be for you to measure productivity in the furnitureproducing company. Explain.What are the benefits of Customer-directed operations?
- What are the benefits of directing operations to the customer?a. 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 acompanyExplain the performance objectives and do they affect operations ?
- What are the pros of directing operations to the customer?Healthy Hots, a fast-food restaurant that offers heart-healthy food, is experiencing several difficulties with operations. Although customers like the idea of heart-healthy foods, and surveys indicate that customers find the food to be tasty and appealing, business has fallen off in recent weeks. At this point, the restaurant is not making a profit. Customers have complained about slow service, and employee turnover is high. Explain briefly how techniques described in this chapter could be used to improve operations. Be specific about which techniques could be used, how they could be used, and why you think those techniques would be helpfulHealthy Hots, a fast-food restaurant that offers heart-healthy food, is experiencing several difficulties with operations. Although customers like the idea of heart-healthy foods, and surveys indicate that customers find the food to be tasty and appealing, business has fallen off in recent weeks. At this point, the restaurant is not making a profit. Customers have complained about slow service, and employee turnover is high. Explain briefly how techniques described in this chapter could be used to improve operations. Be specific about which techniques could be used, how they could be used, and why you think those techniques would be helpful.2. Identify an unethical behavior for each of the five major topics in this chapter, and indicate which ethical principle