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Explain the lean operations approach

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Choose a publicly-traded company that you are interested in learning more about. (The company chosen is Intel Corporation which is pre-approved by the professor)

Assume that you are an employee in Intel Corporation, and your supervisor asks that you prepare a condensed operations management manual that can be used to better analyze the company's operations. In addition to communicating and sharing key operations management concepts in this short-written report, your supervisor also wants you to discuss some items below using real-life data from the company's public financial reports.

(1) Explain the overall goals of operations management.

(2) Explain the lean operations approach and how it can be used in Intel company's current production of its goods or services.

(3) Discuss key concepts surrounding how to manage, control, and measure ‘quality' within Intel Corporation.

(4) Considering Intel's impact on society, discuss why ethics and social responsibility are important in operations management.

(5) Discuss one technology that Intel can use in order to improve its operations.

(6) Find online the three most recent income statements (e.g., FY2019, FY2020, and FY2021) from Intel Corporation, and do the following:

1. For each of the three most recent years, divide COGS (Cost of Goods Sold) by Total Sales Revenue.

2. Analyze the relationship between COGS and Total Sales Revenue. Does it appear that this company is trying to implement a lean operations approach? Does it appear that the company is succeeding in its efforts? Please explain.

3. Using the three calculations of the [COGS / Total Sales Revenue] ratio, please apply the moving average technique to forecast the ratios for the next two years.

4. What do you predict will happen to the [COGS / Total Sales Revenue] ratio in the next two years? Please explain.

Reference no: EM133132126

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