Innovative technology in production to increase efficiency

Assignment Help Operation Management
Reference no: EM131442306

The toy industry is very fickle and innovation is critical. Sales for January 2017 showed only a 3% rise over January 2016 leaving the company managers concerned about meeting projected sales targets for 2017. In a 30-month plan, George Jepson, Jr., as CEO, together with Edward Mercury, CFO, set long-term goals for the company to include the following:

increase sales unrelated to NASA toys by 22 percent;

reduce company-wide costs by 5 percent within 15 months and 11.2 percent by the end of the plan;

create new technology based action toys;

use innovative technology in production to increase efficiency;

reduce carbon footprint by 5 percent.

Keith Wisternick, VP of Production, has the job of aligning all the production teams for Galaxy Toys, and more specifically, he is the person that ensures that each of the plants are capable of producing toys that meet the quality standards of Galaxy Toys in an efficient and cost-effective manner.   Also, part of Keith’s job is to provide valuable input into the long-term planning process of the company. Every two years, Keith and his counterparts in the other departments meet to determine the new product line for the upcoming two years. They are presented with new ideas that have been developed by the Design and Engineering Department.

After soliciting input for recommendations on the toys that would most likely meet the company’s future objectives, the Board of Directors narrowed the choices to Payload Nine and Moon Mission to Jupiter’s Europa 1 (MMTJE1).

As VP of Production, Keith is very aware that his recommendation and vote lends great influence to the outcome. Lucky for Keith, he is not expected to provide his recommendation without first delegating some researching responsibilities to others. One person that he relies upon for research and analysis is Itza Yu who is a Production Manager. Yu has been tasked with creating a SWOT analysis for Keith’s review.   However, Yu has not had any prior experience with creating this type of information.

Assume the role of Itza Yu.

Task 1: Explain the role of a manager in the organizing phase of the POLC (Planning, Organizing, Leading, Controlling)

The organizing phase explained…..

Organizing

Once a manager has created a work plan, the next phase in management cycle is to organize the people and other resources necessary to carry out the plan. Organizing should also consider the resources and physical facilities available, in order to maximize returns with minimum expenditure.

Organizing may be referred to as the process of arranging and distributing the planned work, authority and resources among an organization’s members, so they can achieve the organization’s goals.

Organizing involves the following steps −

Creating the organizational structure − The framework of the organization is created within which effort is coordinated allocating human resources to ensure the accomplishment of objectives. This structure is usually represented by an organizational chart, which is a graphic representation of the chain of command within an organization.

Making organizational design decisions − Decisions are made about the structure of an organization.

Making job design decisions − Roles and responsibilities of individual jobs, and the process of carrying out the duties is defined.

Task 2: Identify and discuss five major issues with Galaxy, Inc. that Itza Yu must address in organizing the production floor for both existing production and the new project.

Reference no: EM131442306

Questions Cloud

Formulate the problem levels as a linear program : The yeasty brewing company produces a popular local beer known as iron stomach.Beer sales are some what seasonal, and yeasty is planning its production and workforce levels on march 31st for the next six months. Based on the information find the mini..
Reviewing resumes you obtained from an online service : Why should the selection process be adapted to fit the organization's job descriptions? Suppose your organization needs to hire several computer programmers, and you are reviewing resumes you obtained from an online service. What kinds of information..
Process be adapted to fit the organizations job description : What activities are involved in the selection process? Think of the last time you were hired for a job. Which of those activities were used in selecting you? Should the organization that hired you have used other methods as well? Why should the selec..
Browse the newspapers and magazines : Almost every day Sally took a break at lunch and went to the International News Stand—a magazine store—to browse the newspapers and magazines and chat with the owner, Conrad. Often she bought a magazine. One day she went there, browsed a bit, and too..
Innovative technology in production to increase efficiency : The toy industry is very fickle and innovation is critical. Sales for January 2017 showed only a 3% rise over January 2016 leaving the company managers concerned about meeting projected sales targets for 2017. use innovative technology in production ..
Which of these is actually the naive method : A company has used three different methods to forecast sales for the past five months. Use MAD and MSE to evaluate the performance of the three methods. Which of these is actually the naive method?
Identify the competitive advantage of each of these firms : Identify service firms that compete on each of the four processes (process, repetitive, product, mass customization). And identify the competitive advantage of each of these firms.
Write an introduction for strategic planning : Strategic Planning. Make a case for HR at the senior leadership table. Discuss the value and the competencies that a senior Human Resources professional will bring to the table. Please write an introduction for Strategic Planning.
Compare the three forecasts using MAD : Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Week Cheeseburger Sales 1 357 2 343 3 363 4 320 5 359 Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple ..

Reviews

Write a Review

Operation Management Questions & Answers

  The throughput time of the work cell

A work cell at Chris Ellis Commercial Laundry has a workstation with two? machines, and each unit produced at the station needs to be processed by both of the machines.? Each machine has a production capacity of 12 units per hour.

  By using the six sigma dmaic process make a new process

create an 8-10 slide ms powerpoint presentation with detailed speaker notes. include the followingidentify which iso

  Describe the organizational structure

Describe the organizational structure of your selected organization. Compare and contrast that structure with two different organizational structures.

  Designing a product layout-what is the desired cycle time

A company is designing a product layout for a new product. it plans to use this production line eight hours a day in order to meet projected demand of 480 units per day. the tasks necessary to produce this product are: if the company wants the output..

  Oberon before-tax component cost of debt

Oberon, Inc., has a $20 million (face value) 8-year bond issue selling for 99 percent of par that pays an annual coupon of 8.05 percent. What would be Oberon's before-tax component cost of debt?

  Generate a network diagram for the project

Read the Advantage Energy Technology Data Center Migration case study beginning on pj 196 project management 5th edition , Using a project planning tool, generate a network diagram for this project.

  Product is one of our greatest hurdles in quality management

Variance, or variation in the way we present a product is one of our greatest hurdles in quality management. Just consider. If you have a favourite pizza shop, and one time you get a bad one, are you finished doing business with them? The "bad" one m..

  Contrast individual-organizational and group level diagnosis

Compare and contrast individual, organizational and group level diagnosis. How do design components differ? Explain and/or provide an example.

  Evaluate shazias current strategy regarding senior citizens

Shazia is manager of a McDonald’s restaurant in acity with many “senior citizens”. She has noticed that some senior citizens have become not just regular patrons—but patrons who come for breakfast and stay on until about 3 PM. Evaluate Shazia’s curre..

  Team experiences with different stages of team development

Compare your previous team experiences with the different stages of team development. What happened for the team at each stage? Did your team get stuck at one particular stage, say, the storming stage? What happened, and what insights does it provide..

  Find the resulting order size and reorder point

A paint store in Rolla sells a specific paint. The monthly demand of this paint follows a normal distribution with mean of 100 and variance of 144. The excess demand can be backordered. It takes the paint store one month to receive the order it place..

  Discuss reasons for healthcare costs being higher per captia

Discuss the reasons for healthcare costs being higher per capita in the United States than in any other country.  Will the upward trend continue or decline?  Why? Medicare and Medicaid have traditionally been leaders in designing and implementing cos..

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