What are some recommendations for a workplace design (considering design for routine operations as well as spills, leaks, and emergencies) specifically for machine operators? In this case, looking at machine operators who deal with machinery that processes from raw material to finished goods.
In: Operations Management
Look up ONET for one of IKEA's jobs: retail department manager/first line supervisor. What are the main topic areas/headings on the job description summary? How could it be used to help IKEA managers and their HRD?
In: Operations Management
Suppose you are marketing Self checkout carts to
India. what will be the major problems or resistance to product
acceptance. Consider 5 factors affecting the rate in which new product will
be adopted.
1. Relative advantage
2. compatibility
3.Complexity
4. Divisibility
5. Communicability
In: Operations Management
List the 6 reasons business carry inventory. Briefly explain 2 of these reasons.
Discuss the key challenges and solutions associated with distribution management.
In: Operations Management
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter
Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.
While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.
President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.
The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.
Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.
Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.
“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”
Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of
10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil
supply, was assessed at $17.675 on Tuesday, down 11.5 cents from
Monday when it was already the lowest price since 2002
.
Required Question
Question 01: Discuss the major drawbacks in the Gulf Countries economy?
In: Operations Management
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter
Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.
While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.
President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.
The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.
Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.
Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.
“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”
Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of
10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil
supply, was assessed at $17.675 on Tuesday, down 11.5 cents from
Monday when it was already the lowest price since 2002
.
Required Question
Question 01: What are the major threat in the fall of Oil Price in the OPEC?
Question 02: What are the entrepreneurial skills needed in order to draw different businesses in the Gulf countries?
Question 03: Discuss the major drawbacks in the Gulf Countries economy?
In: Operations Management
1. As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly operation to achieve an output of 240 units per eight-hour day. Task times and precedence relationships are as follows:
Task |
Duration (minutes) |
Immediate Predecessor |
A |
0.3 |
- |
B |
0.5 |
A |
C |
0.4 |
B |
D |
0.5 |
- |
E |
1.9 |
D |
F |
0.8 |
C |
G |
1.2 |
E, F |
In: Operations Management
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter
Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.
While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.
President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.
The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.
Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.
Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.
“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”
Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of
10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil
supply, was assessed at $17.675 on Tuesday, down 11.5 cents from
Monday when it was already the lowest price since 2002
.
Required Question
Question 01: What are the major threat in the fall of Oil Price in the OPEC?
Question 02: What are the entrepreneurial skills needed in order to draw different businesses in the Gulf countries?
Question 03: Discuss the major drawbacks in the Gulf Countries economy?
In: Operations Management
How to answer to the questions based on the case below?
You are the newly appointed Purchasing Director for an international company sourcing material from suppliers in different continents. You found that in recent years, there has been a number of incidents happened that caused significant disruptions to the supply chain. A consultant hired by the company recommend using a probability/impact model to analyse supply chain risks and plan appropriate responses.
In: Operations Management
in your own words Write a paragraph about the importance of college registrar's office ? What are the roles and functions of registrar's ? What are the virtual activities and communication that can be offered by registration ( registrar's) ?
In: Operations Management
Apply the concepts of strategy formulation and implementation to your college experience. What was your objective in going to college? When did you strategy for achieving this objective emerge? Has it ever changed? How would you adapt the implementation levers and strategic leadership roles to evaluate how well you have implemented your strategy? What is your overall personal evaluation?
In: Operations Management
A producer of plastic mugs is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $12,000 per month and variable costs of 60 cents per unit produced. Each item is sold to retailers at a price that averages 82 cents. (please Show work)
a) What sales volume per month is required in order for the producer to break even? b) What profit would be realized on a monthly volume of 54,000 units?
c) What volume is needed to obtain a profit of $19,000 per month?
d) What volume is needed to provide a revenue of $35,000 per month?
e) Plot the total cost and total revenue lines.
In: Operations Management
In: Operations Management
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter
Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.
While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.
President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.
The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.
Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.
Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.
“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”
Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of
10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil
supply, was assessed at $17.675 on Tuesday, down 11.5 cents from
Monday when it was already the lowest price since 2002
.
Required Question
Question 01: What are the entrepreneurial skills needed in order to draw different businesses in the Gulf countries?
In: Operations Management
What is the balance of public and private ownership in the transportation sector? What infrastructure is usually public and what is usually private? How do you evaluate the appropriate balance of benefit and cost for security programs between public and private entities?
In: Operations Management