Identify and test these cost-cutting measures

Assignment Help Operation Management
Reference no: EM13957753

Due to a down-turn in the economy, your company has been experiencing financial losses in revenue. You have been asked to put together a team that will find 3-5 low-cost or no-cost ways to resource costs by 25% for your company’s main product line. You are being given less 6 weeks to identify and test these cost-cutting measures. If they work in a pilot, you and your team guide the organization through the changes, if not your team will be “redeployed”. With no margin for error, you feel that it is imperative that evaluation be “right” from the beginning. Identify the evaluations and key decisions that need to be made in each of the next six weeks. (Reminder: this isn’t about designing the solutions but the plan to get to solutions.)

Reference no: EM13957753

Questions Cloud

How many different ways could the 12 trophies be awarded : In how many different ways can the 12 challenge winners (herds) be determined?
Hackers present a substantial risk : In today's technology environment, hackers present a substantial risk to a firm's accounting or business system. As the result of these attacks, firms suffer huge losses, ranging from financial losses to losses in confidence by consumers, creditor..
Find an article that takes about a company that used data : Find an article that takes about a company that used data analysis, statistics to improve their company and became successful because of that. also describe their business opportunity in 5 paragraphs. highlight from the article thing that show statis..
Performance improvement consultant : On an airplane, you find yourself sitting next to an executive whose goodwill is important to you either as a client or as a senior leader of your company. The executive asks, “You said that you are a performance improvement consultant. What exactly ..
Identify and test these cost-cutting measures : Due to a down-turn in the economy, your company has been experiencing financial losses in revenue. You have been asked to put together a team that will find 3-5 low-cost or no-cost ways to resource costs by 25% for your company’s main product line. Y..
How much does the pail weigh now : You have a pail of water that weighs exactly 40 pounds. You place a LIVE 3-pound trout into the pail of water, and no water spills out. How much does the pail weigh now? Explain your answer.
The finance team of a company that she founded recently : You have been recruited by a former classmate, Susanna Wu, to join the finance team of a company that she founded recently. The company produces a unique product line of hypoallergenic cosmetics and relies for its success on an aggressive marketing p..
Description of the health history : POST 1-2 PAGES SOAP NOTE ON: A description of the health history you would need to collect from the patient in the case study to which you were assigned. Explain what physical exams and diagnostic tests would be appropriate and how the results..
Explain what a gap analysis : Explain what a “gap analysis” is including how gaps are defined and measured. Be sure to address how gap analysis relates to needs, requirements, design, project scoping, evaluation and evaluation planning.

Reviews

Write a Review

Operation Management Questions & Answers

  Analyzing the new haven initiative case

Please be thorough in your analysis and provide relative subject matter from this course in detailing how the external, environmental, and internal organizational factors impact the structure and design of the organization. Conclude your report with ..

  Describe some of the key decisions its management

Describe some of the key decisions its management has faced within the past year or two. Identify an ethical issue the organization either faces or has faced in the past

  Differences between the theory

Compare the differences between the theory you have chosen and at least one current approach/theory of management. In your comparison, include a minimum of two similarities and two differences.

  Distinguishing between employees and independent contractors

Distinguishing between employees and independent contractors is important because

  How did the organization successfully leverage this strategy

Identify an existing organization that established sustained market leadership by successfully leveraging a generic strategy. How did the organization successfully leverage this strategy?

  Examine the strategic planning process and choose the part

Examine the strategic planning process and choose the part that you feel is the most difficult to understand. Explain why.

  Determine the mean-median-mode-variance-standard deviation

The production manager at Evansrode Marine Engines is investigating a new process which makes a 36 inch shaft used in outboard motors. Determine the mean, median, mode, variance, standard deviation, skewness and kurtosis, etc. of distribution for the..

  How many items should be counted per day

A firm has 1,000 “A” items (which it counts every week, i.e., 5 days), 4,000 “B” items (counted every 40 days), and 8,000 “C” items (counted every 100 days). How many items should be counted per day? Show work

  Illustrate what would be the expected time

A time standard was set at 0.20 hour per unit based on the 50th unit produced. If the task has a 90% learning curve Illustrate what would be the expected time of the 100th, 200th also 400th unit.

  Diamond framework of national competitive advantage

Michael Porter's "Diamond Framework of National Competitive Advantage" considers home country advantages in different industries - this framework identifies:

  What is the profit using the replacement equipment

What is the profit (or loss) using the replacement equipment. Will the new process make more money for the company. Explain your answer

  Project development activities-what is the critical path

Hamilton County Parks is planning to develop a new park and recreational area on a recently purchased 100-acre tract. Project development activities include clearing playground and picnic areas, constructing roads, constructing a shelter house, purch..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd