How would you mitigate these issues

Assignment Help Operation Management
Reference no: EM131050564

Part A: You the owner/CEO of a newly establish computer manufacturing company, "MGMT 420 Computer Technologies". The purpose of your business is to manufacture high tech computers and related components that will be delivered to various retailers and to individual clients via online ordering. Currently you own a 10,000 square foot facility, which produce computers and associated components to meet the current demand. Business has gone extremely well for the first three years, but you notice the demand for your goods have decreased by 23%, at the same time, because of a significant increase in gasoline prices, transportation cost to deliver your goods has resulted in an additional 15% loss in profits. To add to your problems, your customers are dissatisfied with the quality of some of your products. Last but not least, employees are complaining about the lack of salary raises; some have even left the company. How would you mitigate these issues?

Part B: Based on your mitigation efforts to resolve the above issues, another three years have passed and your clientele has increased by 25% and appears it will continue to increase for the next 5-7 years; business is going extremely well again. Now you have begun discussions with your management staff about the possibility to expanding your business. How would you conquer this task; what are some of your considerations/challenges; considerations you must address if expanding locally as well as global expansion; and how would you determine when, how, where, and how much should you expand?

Part C: Some 40 years have passed and you are deciding it's time to close the doors to a successful business and retire. What are some of the issues you have to consider before turning off the lights?

I need response must be APA 6ht edition, 100 % original work, references.

Reference no: EM131050564

Questions Cloud

Summarized in the frequency distribution below : A company has 70 employees whose salaries are summarized in the frequency distribution below.
Calculate the molecular weight of polyisobutylene : Calculate the molecular weight of polyisobutylene if the density of solution is 0.88 g/mL.
Normal with a standard deviation : The average birth weight of domestic cats is about 3 ounces. Assume that the distribution of birth weights is Normal with a standard deviation .4 ounces.
Rehabilitation therapy problem : Obtain the residuals and prepare aligned residual dot plots by factor level. What departures from ANOVA model (16.2) can be studied from these plots? What are your findings?
How would you mitigate these issues : Some 40 years have passed and you are deciding it's time to close the doors to a successful business and retire. What are some of the issues you have to consider before turning off the lights?
How temperature and dough improver affects frozen dough : Project is on how temperature and dough improver affects frozen dough. I am using SEM and moisture analyzer to conduct the experiment
What are the degrees of freedom for the regression : What are the degrees of freedom for the regression? What are the degrees of freedom for the error? What are the formula and value for the regression sum of squares? What are the formula and value for the residual sum of squares?
Risks associated with failing to plan for estate transfer : Discomfort with considering one’s own mortality is one reason people fail to develop an estate plan. Identify at least two risks associated with failing to plan for estate transfer. Then describe how those risks might impact you or your family member..
What are the limits that apply to this role : What are the limits that apply to this role? If this role wants to exceed these limits what process must they follow? If a person undertaking this role was unsure of how to interpret the policy from whom should they seek clarification

Reviews

Write a Review

Operation Management Questions & Answers

  Describe three important conditions you would ensure existed

Briefly define empowerment and describe three important conditions you would ensure existed in this plant to improve empowerment among production employees.

  Use subcontracting to make up any needed output

Use steady regular output of 400 units per month, use overtime as needed for up to 40 units per month, and use subcontracting to make up any needed output to match the forecast.

  Continuous-review inventory system for a product.

A company uses a continuous-review inventory system for a product. The weekly demand of the product approximately normally distributed with a mean of 706 units and a standard deviation of 30 units. Furthermore, weekly demands are independent. What is..

  Evaluate demand probability

The meat is purchased on Monday at $2.00 per pound also the shop sells the steak for $3.00 per pound. Any steak left over at the end of the week is sold to a local zoo for $0.50 per pound.

  Bargaining power of suppliers and buyers

Describe how "Risk of Entry", "Bargaining Power of Buyers", "Bargaining power of suppliers", and Industry Competition (Threat of substitutes”) affect the external threats a company faces. Provide example of each.

  A certain farm inspects capsule medicine

A certain farm inspects capsule medicine products by passing the capsules over a special lighting table where inspectors visually check for cracked or . partially filled capsules Currently any of three inspectors can be assigned to the visual inspect..

  Compute five and seven month moving average

Compute a five and seven month moving average for the last 5 months of historical data (months 8 thru 12)

  Maintaining optimum inventory problem

Maintaining Optimum Inventory Problem

  Prepare an evaluation of each business web site

Prepare an evaluation of each business's web site in terms of its functions, user friendliness also ability to support the organization's business strategy. Which web site does a better job.

  Excellent location and product

Because of one bakery's excellent location and product, demand has increased 25% in the last year. On many occasions, customers cannot buy their favourite breads because there are not enough produced. Because of the location, no more ovens can be add..

  Technology created this strategic partnership

HR is a strategic partner in companies. How, specifically, has technology created this strategic partnership? Share an example. What values have resulted from this strategic partnership?

  Illustrate what pieces of information should these systems

Illustrate what pieces of information should these systems collect to help management make merchandising decisions that support this strategy.

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