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Operations Planning
This is one of the "fun" parts of being an operations manager - strategic and tactical planning. Should operations be part of the strategic planning process? Should the operations organization approve the "sales" plan before it is accepted by the organization? Why or why not. Should the operations plan contain a risk assessment as a part of the planning process? How would a tactical plan fit within the strategic planning process? Should employees have part of their "appraisal" include the goals from the tactical plan? Why or why not. · Forecasting
Forecasting techinques may vary according to the type of business - choose an industry you are familiar with to discuss their current forecasting technique for future business. What are the pros and cons of this technique? Then analyzing other techniques, such as seasonal or history, discuss why another technique might provide a different forecast for the industry. · Bill of Materials (BOM) file Every manufactured product has a bill-of-materials (BOM) file. BOM file is extremely important in manufacturing process because it contains the following information. It contains the complete product description, listing of raw materials, assembly parts, components, the quantity of each item, and also the sequence in which the product is created. A great MRP system should have a complete BOM file, a master schedule, and the inventory records file. A clean BOM file simplifies the scheduling and control of manufacturing parts. It also makes it easier to forecast the use of the same part or assembly in a number of different products, then the total inventory investment can be minimized.
Jacobs, R. F., & Chase, R. B. (2014). Operations and Supply Chain Management 14th Edition. New York: McGraw-Hill/Irwin.
If $100 at time zero will be worth 110 a year later and was worth 90 a year before, calculate the interest rate for the past year and the interest rate for the next year. (Show work and equations)
The textbook and the video in this module discuss the value of effective collaborative networks but don't go into much detail in describing specifically what constitutes a collaborative network.
Best PC Technologies LLC contracts with Caliber Motor Parts Stores to provide customized software for Caliber's inventory control system. Dick's Auto Parts, Caliber's competitor, induces Eddie, a Best PC subcontractor who is writing code for the soft..
The "net exports effect" is the impact on a country's total spending caused by an inverse relationship between the price level and the net exports of an economy. Using this principle, discuss how the following economic variables change during an e..
The Chiemsee Knee Replacement Clinic (CKRC) is a sports clinic located at the northern edge of the German Alps. It specializes in knee replacements for skiers who come to CKRC from Germany, Austria, Switzerland, and Italy. The clinic currently has on..
ABC Inc. borrowed funds from XYZ LLC to operate its auto parts business. The loan was secured by the molds that were used to form the parts. ABC contracted with FFF to make the parts and provided FFF with the molds. Andy and Ben owned half of a two-u..
Conduct online research on the Coca-Cola Company for this part of the assignment. In a narrative format, discuss Coca-Cola from a strategic perspective. Information concerning recent changes in the firm is readily available online and should be acces..
Discuss some of the reasons why managers continue to use unstructured employment interviews despite the abundant evidence that they are not useful for predicting future job performance.
Using an organization with which you are familiar, identify ways through which feed-forward and feedback controls can be used to assure the high quality of its final outcome. How do these controls lead to effective management?
Provide an example of a well-worded objective, and a poorly worded objective. Why is one better than the other? Explain your rationale. For a second comment, revise either your poorly worded objective or the poorly worded objective posted by some..
Parker Hi-Fi Systems Parker Hi-Fi Systems, located in Wellesley, Massachusetts, a Boston suburb, assembles and sells the very finest home theater systems. The systems are assembled with components from the best manufacturers worldwide. Although most ..
Explain how these demographics determine or affect the cultural dynamics where you live. For example, types of restaurants, specialty grocery items, entertainment offerings, public housing requirements, and education offerings.
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