Evaluate the effectiveness of operations management

Assignment Help Management Theories

Reference no: EM133940051

Evaluate the effectiveness of operations management

Instruction
You work in a service-based organization. A few employees have approached your management team with inventory concerns. The inventory program seems mismanaged and could use a facelift. The previous manager was utilizing a revenue management approach in hopes that optimization was a possible outcome. Using the textbook or outside sources, answer the following discussion questions.
Your initial post should be roughly 200 words in length, and your responses to peers should be roughly 200 words each. Cite sources you reference in-text and under a "References" section in APA format.

Q1 Think back to your problem statements. What inventory model does your organization use now? Is there a more effective model that should be considered? If so, why? Get instant assignment help from top tutors.

Q2 What is the difference between yield management and revenue management for service-based organizations? Is a revenue management approach appropriate in a service-based organization? Explain your answer.

Q3 How can service companies carry labor inventory? Provide one example.

Reference no: EM133940051

Questions Cloud

Article about stress and the body or stress and the brain : Find a short video or article about stress and the body or stress and the brain. Share the link to the source and a summary of the source.

Identify what the company has invested : Identify what the company has invested in as it relates to the communities they serve. Discuss how a good CSR plan helps the company gain competitive advantage

Do you think its better to have muscular endurance : Share your understanding of the components of physical fitness. Do you think its better to have muscular endurance and/or flexibility.

What is one small, intentional action you can take : What is one small, intentional action you can take this week to strengthen your connection to that group-whether through kindness, responsibility, or presence?

Evaluate the effectiveness of operations management : difference between yield management and revenue management for service-based organizations? Is a revenue management approach appropriate in a service-based

Share what role does trauma and adverse childhood experience : Share what role does trauma and adverse childhood experiences (ACEs) play in the development of co-occurring disorders?

How has bias in forecasting affected forecasting : How has bias (i.e., intentional and unintentional) in forecasting affected forecasting in supply chain planning? Can bias be eliminated

What problem does this illustrate for those like tara : What problem does this illustrate for those, like Tara, who get their morality entirely from a sacred scripture?

Describe how planning with the needs in mind supports : Describe how planning with these needs in mind supports the role of language and culture in learning and readiness for learning across performance areas.

User Account

All Pages