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Mechanism of solving issues in an organization

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Reference no: EM131282166

Learning Outcomes to be assessed in this assessment

- Identify and solve decision problems related to the various operations functions, like capacity, demand forecasting, project management, and inventory control.

- Differentiate the different techniques and use the appropriate technique in problem solving within operations management.Answer all the questions using appropriate examples. All the questions carry equal marks (4x20=80)

1. Elaborate the advantages of using capacity management for solving capacity issues in any organization

2. What is forecasting and how does it help in solving problems in an organization

3. Elucidate on using Break even analysis as a mechanism of solving issues in an organization

4. Highlight the key issues faced by a manufacturing company in their day to day operations. Consider taking an example of a manufacturing company in Oman.

Referencing will carry 20 marks

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The said paper comprises of four questions to be answered on operations management.The first question defines the meaning of capacity management and further identifies the advantages that the organizations have by adhering to such a management theory. Benefits such as better productivity, utilisation of resources, business agility are some which are described in the said answer.The second question defines the meaning of forecasting in the context of an organization and how the same enables to resolve issues such as production planning, survival strategies of the business with regards the forecast of the future and the best possible utilisation of the existing resources.

Reference no: EM131282166

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len1282166

11/19/2016 3:02:24 AM

• Answer within a word limit of 2000 words. • Date of submission: 8th week of the semester, the day and time of scheduled class • Submission form: Soft copy to be submitted through Moodle at Turnitin. • Late submission shall be penalised as per the norms of MEC mentioned in the Module Information Guide. • Kindly include references (Harvard style of referencing) at the end of the paper. Referencing and proper formatting carries 20 marks in total. (Minimum of 2 genuine references for each answer)

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