course: MGT322 Logistics management

Critical Thinking

The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994).  

Increased global competition leads the industry to increasing efficiency by means of economies of scale and internal specialization so as to meet market conditions in terms of flexibility, delivery performance and quality (Yamashina, 1995). The changes in the present competitive business environment are characterized by profound competition on the supply side and keen indecisive in customer requirements on the demand side. These changes have left their distinctive marks on the different aspect of the manufacturing organizations (Gomes et al., 2006). With this increasing global economy, cost effective manufacturing has become a requirement to remain competitive.

To meet all the challenges organizations try to introduce different manufacturing and supply techniques. Management of organizations devotes its efforts to reduce the manufacturing costs and to improve the quality of product. To achieve this goal, different manufacturing and supply techniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firm’s leads to improvement of manufacturing performance (Fullerton and McWatters, 2002).

Consult chapter 7 of your text book or secondary available data on internet and answer the following questions.

Question:

1. Why Companies adopted Lean Thinking and JIT model?  

2. Discuss major types of Waste, companies has to keep in mind during production.  

3. Assess the reasons for using lean thinking (suitable examples), what are the benefits from Suppliers to end users?  

4. Due to COVID 19 emergency do you think agile supply chain is the right concept in this kind of situation? Give reason with example.

The Answer should be within 4- 5 pages.  

The Answer must follow the outline points below:

• Lean Thinking and JIT Concept

• Agile Supply chain  

• Their Main functions

• Reasons with suitable Examples

• Reference

What are similarities. and differences. between running a club versus running a hotel?

Use the Northwest Corner Rule to develop an initial solution to th transportation problem shown below. Present your answer in the following format. A to 1 = Qty X, B to 2 = Qty Y, etc

WHS 1 WHS 2 WHS 3 Capacity

Factory A 400

Factory B   300

Factory C 500

Demand 300 500 400

The social error/bias "one of us/" one of them" how are we affected by this and how can we overcome it

Business law question:

Many actions can be a tort and a crime (like the OJ example in the video). As the video discusses, he was found "not guilty" of the crime of murder but was found "liable" for the tort of wrongful death. Share your thought on whether we should consolidate criminal and tort law so a person can only be held responsible for one or whether it is "right" to have two different systems for evaluating the same activity.

STRATEGIC MANAGEMENT COURSE

Soft Drink Exercise - relates to chap 7 mostly marketing strategy

You are the COO for Jones Soda Company and are considering a new high end bottled water product. In preparation, you are doing marketing research to consider competition and are developing a strategy. Consider the company website.

You are developing a plan to decide what should you do and how should you approach this. Respond to the following questions in a paragraph:

Explain the marketing segmentation of customers for this possible product. What is the positioning in terms of the 4 P’s of marketing? What role could or should social media play in the product? Develop a perceptual map and what are your findings.

1. Is there a difference between a leader and a manager and if so, what is it?

2. Define efficiency and effectiveness.

3. What are the seven challenges for managers?

4. Name the four Functions of management

5. What are the levels of management?

6. What is the difference between a Functional vs. General Manager?

7. Define for profit, non-profit, mutual benefit organizations

8. What are the three managerial roles?

9. What is an entrepreneur?

10. What skill sets do managers need?

Think of a product that you purchased within the past 6 months

Discuss these questions relative to the purchased product. Your answers should align with how these stages are done based on the consumer decision model in text.

Each Questions is mandatory to be solved with details.

1. How did you recognize that you needed the product?
2. Where or how you search for information on alternative products that would satisfy this need (product)?
3. What alternatives did the search process generate and what variables did you use to make the final decision to buy?
4. Where did you buy the product and why?
5. Were you satisfied after using or consuming the product? Explain.
6. There are 5 categories of influences as outlined by your text: economic, psychological. social, culture and ethnicity, purchase situation. Which one(s) do you think had the greatest effect on your purchasing decision? Please explain.  

NOTE: There are actually six questions you have to answer in this.

Don't forget to answer about the categories of influences.

Thank you in Advance.

Out of the 3 approaches: 1. A centralized department that has experts on staff who charter and lead projects throughout the organization, 2. A centralized department that only conducts training in process improvement and maintains the project management office. All projects are led by line staff that has been trained in using various process improvement tools. 3. The use of outside consultants to lead process improvement projects, which is the best approach recommended to a hospital with 50 employees who is struggling to meet financial goals?

You open up a coffee shop, come up with a positive business plan.

Executive Summary and Company Background - Don't forget to explain which business model you chose and why, e.g., Sole Propritororship, LLC, etc.

Startup Costs / Operating Costs / Breakeven Point / Sales Forecast - You will need to explain how much money it will cost to start and run your business, and at what point you break even and begin to make money)

Marketing Plan / Marketing Mix - Explain the various ways you are going to market your business and why.

What are the key components of the punctuated-equilibrium model? How do group norms influence an individual's behavior and what are the strengths and weaknesses of group (versus individual) decision Making? Explain

Describe the process design of walmart ? Create a process flow diagram to document the significant process ?

I need reference as well , from where you post the answers

The Valley Wine Company produces two kinds of wine—Valley Nectar and Valley Red. The wines are produced from 64 tons of grapes the company has acquired this season. A 1000-gallon batch of Nectar requires 4 tons of grapes and a batch of Red requires 8 tons. However, production is limited by the availability of only 50 cubic yards of storage space for aging and 120 hours of processing time. A batch of each type of wine requires 5 cubic yards of storage space. The processing time for a batch of Nectar is 15 hours and the processing time for a batch of Red is 8 hours. Demand for the two types of wine is limited to 7 batches, each. The profit for a batch of Nectar is $9,000 and the profit for a batch of red is $12,000. The company wants to determine the number of 1,000--gallon batches of Nectar and Red to produce in order to maximize profit.

a. Formulate a linear programming model for this problem.

b. Use POM for windows to obtain the solutions list and results printouts for this problem.

c. Answer the questions below from the printouts you obtained in b above and submit both the printout and answers to the questions to Blackboard by the time and date specified.

1. How much is produced of each type of wine to maximize profits and what is the maximum profit?

2. How much of each type of resource is left over?

3. What is the value for an additional unit of each resource?

4. Over what ranges are the values in 3) above valid?

5. What is the profit-per-unit at which the production plan will change for each type of wine?

Please explain in 5 sentences

1.For large scale IT project investments, like at Alcoa Chemical's, which IT valuation method is most appropriate and why? Explain Briefly

2. How has Data Analytics affected individual privacy rights? Illustrate your answer Briefly with example of company like Netflix or Amazon

Each unit of A is composed of one unit of B, two units of C, and one unit of D. C is composed of two units of D and three units of E. Items A, C, D, and E have on-hand inventories of 20, 10, 20, and 10 units, respectively. Item B has a scheduled receipt of 10 units in Period 1, and C has a scheduled receipt of 50 units in Period 1. Lot-for-lot (L4L) lot sizing is used for Items A and B. Item C requires a minimum lot size of 50 units. D and E are required to be purchased in multiples of 100 and 50, respectively. Lead times are one period for Items A, B, and C, and two periods for Items D and E. The gross requirements for A are 30 in Period 2, 30 in Period 5, and 40 in Period 8. Find the planned-order releases for all items.