Concepts that are widely accepted in the commercial

Assignment Help Operation Management
Reference no: EM131088518

You are required to select a real business, understand its operations in relation to the various supply chain and operations management concepts discussed in the class, and propose suggestions for improvement. A 3000 word report is required to be submitted by the deadline:

Choice of Business: It could be any business such as restaurant, retail outlet, small engineering firm, book store, petrol station, hair dresser etc. Each student needs to choose a different organisation though the sector could be the same (for example, two students can choose different restaurants for their project). Ideally a SME is preferable as this will provide you with an opportunity to undertake an end to end analysis of operations.

Operations Analysis: You may need to do secondary research to get a better perspective of the operations management issues in organisations of the type chosen by you. Interviews with customers, suppliers, owner, employees should be a part of the data collection strategy, along with observations and collection of historic as well as primary data Collected data like inventory records, interview questionnaire etc can be included in the appendix.

As this project involves end to end analysis of operations, it will be important for you to apply most of the operations concepts and best practices that you have learnt during the lectures and discussions.

Recommendations: This should be based on in-depth research of best practices and concepts that are widely accepted in the commercial world and the learning outcomes from class room discussion. Your recommendations should be justified by examples and also its potential impact to the chosen organisation. It would be useful to include the views of the owner on the proposed improvements.

Format of report:

The report should have the following format:

Executive summary

Business and operations background

Methodology used

Key operations management problems/issues

Recommendations

Appendices

In terms of word count, the report needs to be around 3000 words. However, the report can have more but not less number of words.

Marking criteria: The report will be graded on the basis of the extent of operations management concepts used, their appropriateness for the business context, the depth of data collection, the legitimacy of the problems identified and the creativity of the recommendations and the quality of justification used for the same (80% weight age). The remaining 20% of the marks will be based on the structure of the report, the sequence of information and the writing style incl. the quality of written communication.

Reference no: EM131088518

Questions Cloud

Exchange of goods and services : Define what is anything that is used to determine value during the exchange of goods and services?
Cost-benefit analysis of particular situation : Assess both the short-term and the long-term costs and benefits of obtaining a graduate degree. Support your decision to obtain a graduate degree with a cost-benefit analysis of your particular situation.
Day of sample sample values : 1. Given the following data, construct a 3o range control chart. Day of Sample Sample Values
What is total asset turnover and the capital intensity : Silas 4-Wheeler, Inc., has an ROE of 17.06 percent, equity multiplier of 1.60, and a profit margin of 19.75 percent. What is the total asset turnover and the capital intensity?
Concepts that are widely accepted in the commercial : It could be any business such as restaurant, retail outlet, small engineering firm, book store, petrol station, hair dresser etc. Each student needs to choose a different organisation though the sector could be the same (for example, two students ..
A quality control manager at a manufacturing facility : A quality control manager at a manufacturing facility has taken 4 samples with 4 observations each of the diameter of a part.
Pick an optimum combination : Is he or she maximizing satisfaction? If not, what should the individual do to increase total satisfaction? On the basis of this information, can you pick an optimum combination? Why or why not?
Demonstrate your program to me in class to receive credit : The program must be written in Java. Upload the completed program source code to D2L. You will need to demonstrate your program to me in class to receive credit.
Collapse of bear stearns : What is the Fed Funds rate and what happened to the Fed Funds rate in the days following the collapse of Bear Stearns and then of Lehman Brothers?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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