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Illustrate the performance dimensions for operational strategy?
Performance dimensions for operational strategy:
• Quality for illustrations Marks and Spencer, Thornton’s, BMW many all are synonymous along with the representation of high quality. Quality implies fitness for the reason, so that dimension would comprise other characteristics as like how the product functions and how reliable and robust this is.
• Speed for illustrations AA or RAC could propose superior call out response times, Concorde while this was first launched provided the best transatlantic flights, courier companies as FedEx Express can assurance overnight global parcel delivery.
• Flexibility for illustrations capability to increase or reduce production to meet customer demands, coffee shops, and hair dressers as well as call centres and how they all react to peak times is one that focus of this dimension. Multi-skilled staff can assist an organisation attain greater flexibility as well as economies of scope.
• Cost for illustrations aiming to give a product or service at the lowest possible price that a cost leadership strategy. Inexpensive and cheerful products as supermarket ‘own economy brands’ or fundamental no frills services as Easy Jet and Ryan Air.
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
How can Mexico production help US manufacturers bring back some/most? of their Asia offshoring activities?
You must ponder on an organizations responsibility to its workers whose skills have become obsolete. Considering the rapid pace of technological change, workers jobs will (and must
Responsibilities of Operations Managers in Operation Management The responsibilities of operations managers 1. Understand and participate in setting business strategy
Using managerial problem solving discuss the pitfalls of satisficing and escalation of commitment
objectives
Consider a $1,000 par value, 7% annual coupon bond. The bond matures in 9 years. Assuming the bonds required return is 10%, what is its current yield? (Semi-annually compounding)
Elements of Production Control 1.Control of the Planning: Assure receipt of latest forecast data from sales and production planning bill of material data from product engineer
What does the future hold for traditional mass-media advertising?
What are the major considerations regarding logistics alliances, for: a) initiation? b) implementation? c) maintenance? d) termination?
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