Think about your current or former job. If the organization where you were working were to go off track strategically, was there any readily available control mechanism to alert management of the deviation?
In: Operations Management
Management report analysing the issues and provide recommendations to management.
You are the newly appointed Purchasing Manager for a global company. You are receiving increasing number of complaints from suppliers that the payment are late.
The suppliers are so upset that they are planning to stop supplying raw materials to the company which could result in a disruption to the supply chain. Upon investigation, you discovered that material and invoice are not received at the same time. There is a big issue in approving the supplier payment due to mistakes and verifying the PO, and goods receipt against the supplier invoice. External auditors has made recommendations that the company need to improve its purchasing and accounts payable process. The company is in the process of implementing SAP, and the consultants are recommending a 3-way match process. You need to: 1) Explain to your boss the process of 3-way match, and 2) Since material receipt and invoice receipt do not happen at the same time, you need to find out how SAP handles this in the accounting ledgers
In: Operations Management
what would you currently change in your organization to empower lower-level employees? How would you implement this change? Also, how much empowerment is too much? Exchange ideas with your classmates and instructor on empowerment.
In: Operations Management
The term divisional organization refers to the ___________ form of organization structure.
Select one:
a. customer
b. product
c. geographic
d. functional
In: Operations Management
1. JOBCO produces two products on two machines. A unit of product 1 requires 2 hours on machine 1 and 1 hour on machine 2. For product 2, a unit requires 1 hour on machine 1 and 3 hours on machine 2. The revenues per unit of products 1 and 2 are $30 and $20, respectively. The total daily processing time available for each machine is 8 hours. Letting x1 and x2 represent the daily number of units of products 1 and 2, respectively, the LP model is given as
max z=30x1+20x2
s.t.
2x1+x2 ≤8
x1+3x2 ≤8
x1,x2 ≥ 0
(a) Solve the LP graphically.
(b) If JOBCO can increase the capacity of both machines, which machine should receive higher priority?
(c) A suggestion is made to increase the capacities of machines 1 and 2 at the additional cost of $10/hr. Is this advisable?
(d) . If the capacity of machine 1 is increased from the present 8 hours to 13 hours, how will this increase impact the optimum revenue?
(e) Suppose that the capacity of machine 1 is increased to 20 hours, how will this increase impact the optimum revenue?
(f) Suppose that the unit revenues for products 1 and 2 are changed to $35 and $25, respectively. Will the current optimum remain the same?
(g) Suppose that the unit revenue of product 2 is fixed at its current value of c2 = $20.00. What is the associated range for c1, the unit revenue for product 1 that will keep the optimum unchanged?
In: Operations Management
The Americans with Disabilities Act requires that employers make reasonable accommodations for individuals who have disabilities. How might this requirement affect teachers, law enforcement officers, and firefighters? How is it legal for law enforcement to turn applicants away for diseases like type 2 diabetes?
In: Operations Management
reflect on US fortune 500 companies that follow these commandments and work very hard to avoid marketing myopia as well.
The Ten Commandments of Marketing:
1. Treat your customers with love and your competitors with respect.
2. Be ready for transformation and change.
3. Make your values clear and support them.
4. Focus on the segment that can give you the greatest benefits.
5. Price fairly to convey your quality.
6. Help potential customers to connect with your company and its products.
7. Look upon your customers as customers for life.
8. View each business as a service. Because each product is tied to a service.
9. Improve your business process every day.
10. Consider various aspects and information—not just finance related—before making a decision.
In: Operations Management
You are the product line manager for a snow board manufacturing company based in Provo, Utah. As product line manager for the company’s Xtreme line, you are ultimately responsible for all aspects of production as well as the profitability of the line. You have direct authority over the production, marketing and sales of the company’s Xtreme line of snowboards. The first quarter sales figures are in and you see that sales are down and in several key markets you no longer hold the #1 position. You are concerned that when you attend the quarterly management meeting that this poor performance is going to be a topic of much discussion. Several months ago, you received information from an overseas manufacturer that can manufacture the bindings for the snow board at a fraction of your current cost to produce them in-house. This will lower the cost to produce the Xtreme line allowing the company to increase their margin, lower prices to customers or some combination of both. Consequently, you believe it is now time to revisit that correspondence and start putting together a plan to address the lackluster Q1 earnings report. Questions 1. What qualitative and quantitative factors will you have to consider before recommending that the company outsource the production of the binding component of the Xtreme snow boards? 2. What accounting information will you need in order to make the best decision for the company? When identifying the accounting information needed, indicate the following: a. Is the information you need financial or managerial in nature? b. How will you use the accounting information in evaluating the decision? 3. Identify any potential risks associated with making this decision and how those risks can be addressed.
In: Operations Management
What are the four steps, in order, involved in creating an export strategy? List and explain in detail each step.
In: Operations Management
Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
Supply Available |
||||
Period |
Regular Time |
Overtime |
Subcontract |
Demand Forecast |
1 |
40 |
15 |
10 |
50 |
2 |
35 |
15 |
10 |
60 |
3 |
30 |
20 |
10 |
50 |
Initial inventory |
30 units |
Regular-time cost per unit |
$100 |
Overtime cost per unit |
$150 |
Subcontract cost per unit |
$200 |
Carrying cost per unit per month |
$4 |
Assume that the initial inventory has no holding cost in the first period and backorders are not permitted.
Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $__ (enter your response as a whole number).
In: Operations Management
In: Operations Management
A marketing study found that respondents believed that a dark-haired model would be more effective in selling gold jewelry than a blond-haired celebrity would if the dark-haired celebrity was not perceived to be ethnic. What two ideas of using celebrities as communication sources are most likely to be at work here?
In: Operations Management
Create a Market Entry strategy for a business entering a foreign market.
Explain what business you are choosing
Complete all 5 parts of the market entry strategy
In: Operations Management
Why is it difficult to estimate the costs and benefits of mega products ( e.g. airports, stadiums)?
1. Small scope but large complexity is a double whammy. True or False
2. It is difficult to estimate costs far into the future. True or False
3. Deception may be used in promoting projects. True or False
4. The public good will outweigh the costs. True or False
5. Promoters may be too optimistic or uninformed. True or False
Answer all 5 I'll give a thumbs up
In: Operations Management
The district manager of basketball officials has to assign each team of officials to one game on Friday night. There are four sites for games. So each site needs one group of officials. Below are the distances in miles each group of officials is from each site.
Game Site |
||||
Officials |
Wayne |
South Sioux City |
Winnebago |
Wakefield |
Group A |
210 |
90 |
180 |
160 |
Group B |
100 |
70 |
130 |
200 |
Group C |
175 |
105 |
140 |
170 |
Group D |
80 |
65 |
105 |
120 |
Formulate the linear programming problem to minimize distance traveled by the groups of officials in this assignment problem.
--create an Excel file
to solve the problem and solve the problem – attach the file when
you submit answer
--- type out what is the minimum distance and where each group is
assigned
-- explain how the distance changes if Group A goes to Wayne, Group B goes to South Sioux City, Group C goes to Winnebago, and Group D goes to Wakefield.
In: Operations Management