Financial Statement Analysis, specifically Ratio Analysis is often performed by managers, investors, and creditors. What is the primary goal of each of these groups when evaluating ratios?
In: Operations Management
ABC a manufacturer of microwaves sells three popular models. The demand for models A, B, and C is limited to 800, 400, and 600 per week respectively. ABC has a weekly labor capacity of 1,800 hours, with each model A, B, and C taking 1, 1.5 and 2 hours respectively to produce. The models A, B, and C use 4, 3, and 5 processors respectively. ABC can get a supply of maximum 4000 processors each week. Each model A, B, and C yields a profit of $20, $30 and 40 respectively. ABC has the following goals for the company (1). Maximize profit, (2). Maximize number of microwaves produced. a) Formulate this Goal programming problem. b) Solve the LP problems to maximize each goal. Show both solutions and objective functions. c) Solve the goal programming problem to minimize the maximum % deviation from each goal. Show the target for each goal, the % deviation from each goal, and your solution. d) What will be new solution if Goal # 1 was twice as important as Goal # 2?
In: Operations Management
Chapter # 5
Question #2. What role does a financial and asset management information system serve in an organization? Why is financial reporting important? What are exception reporting and compliance reporting? Why is each important?
Question #4. What is supply chain management? What is the most important metric in supply chain management? What does it measure? What are examples of supply chain?
Question # 6. Why are ERP systems important to organizations? What are the typical components of an ERP system? What is meant by the term a suite of suites? What are three
approaches to ERP integration? What are some of the issues associated with an ERP implantation? What is the primary benefit of a successful ERP implantation?
In: Operations Management
The 4 Functions of Management outline the primary responsibilities of the Manager. From there Managers know how best to delegate organizational tasks in order to achieve organizational goals and objectives. This must be accomplished in the most efficient and effective means possible to maximize shareholder value and profitability.
What are the levels of management, and the issues managers face at each level?
What are the different types of leaders, and how do they empower employees to accomplish organizational goals and objectives?
How important is communication in an organizational unit, what types of groups exist within the organization structure?
In: Operations Management
In a 250-300 word summary, address the following:
The company is a startup football league like AAFL., XFL
In: Operations Management
Discussion Questions and Activities
What should be the primary financial concerns for a large stadium versus a small fitness facility?
What bills relating to a facility are the most time sensitive and require fast repayment?
How would you handle a major financial surge or slump that might affect your facility?
In: Operations Management
Question 26
Which of the following systems help to create a total view of customers to maximize share-of-wallet and profitability?
Customer relationship management (CRM) system
Supply chain management (SCM) System
Enterprise resource planning (ERP) system
Financial planning wallet (FPW) System
Question 18
The predominant language of the Internet is which of the following:
JavaScript
HTML
Flash Player
XML
In: Operations Management
The primary goal of a test market is to:
place emphasis on the organizational structure and management talent needed to implement the marketing strategy.
increase frequency of consumption or increase the number of customers using the firm's product(s).
evaluate and adjust the general marketing strategy to be used and the appropriate marketing mix.
evaluate the product plan from the standpoint of engineering, manufacturing, finance, and marketing.
In: Operations Management
In: Operations Management
An essential aspect of healthcare financial management for any medical facility is the year-end closing. What are the primary accounts that must be addressed in the year-end closing process?
In: Operations Management
How and to what extent is continuous improvement critical to your organization? Why? What will you do to ensure continuous improvement?
In: Operations Management
The goal of customer relationship management is to: manage every customer relationship differently. manage every customer relationship to maximize short-term profitability. eliminate customers who are profitable, but not highly profitable. identify and build loyalty among a firm's most valued customers. generate relationships with competitor's customers.
In: Operations Management
5. Briefly explain the three primary measures Alex learned and applied to his plant. How would you apply/explain those three measures in the context of your company?
6. Consider a processes you follow to do your job. What is(are) the bottleneck(s) in this process? Explain why it is a bottleneck. Does your business unit manage this per the improvement steps in The Goal? What could you do to improve its management?
7. What was your biggest takeaway from The Goal and why? (5 points)
In: Operations Management
Refer to the scenario in the weekly written assignment to answer the discussion question. Would our goal of maximizing the value of the stock be different if we were thinking about financial management in a foreign country? Why or why not? minimum 350 words
In: Operations Management
The Materials Planning process touches upon several business modules. Identify the two primary modules: Question options: a) Controlling (CO). b) Financial Accounting (FI). c) Sales and Distribution (SD). d) Planning and Production (PP). e) Enterprise Management (EM). f) Materials Management (MM).
In: Operations Management