Provide examples of each of the eight types of waste described in this chapter for the following service operations:
Types of wastes: Waste resulting from overproduction, setup time, processing time, waiting time, transportation, movement, inventory, poor quality
1. A supermarket
2. A campus cafeteria
3. A library
4. A dentists office
In: Operations Management
May i please get a positive feedback about the comment below.
Money is often seen as a barrier to why companies have not started using data analytics software. So, what are the barriers keeping companies from utilizing the software that has proven to pay for itself in relatively short periods of time? The software has allowed companies to gain insights and create decisions based on big data analytics.
Companies that want to gain insight in forecasting successfully must effectively use data analytics software, and not focus on cost. The software can take data and create usable information that will drive sales and understand the movement of inventory and the buying powers of consumers. Companies cannot restrict their growth because they are unable to dismantle information when the software is available to process the data. New technology cannot be a barrier, because of lack of training because often in-house IT employees are capable of understanding new software/data systems that are already part of their staff.
The barriers of people, technology, and processes can limit a company’s growth, and finding a way to bypass these obstacles should be a focus of company executives if they want to grow and expand their business. Leadership often become barriers when presented with new ideas and changes in the workforce. Technology can be a barrier when companies are hesitant in making changes, often relying on existing legacy systems that are outdated and not able to process data. Company leaders and executives must understand that the way data is often processed underutilized and can often be overlooked, especially if only partial information is being analyzed. Any of these barriers can create hesitation for company executives to invest in new data; if the adoption of the current data analytical systems was not producing an output that increased sales or the operation of a company, why would an executive want to invest in new software.
Company executives must understand that technology is continuously changing and that creating a system that can communicate with both suppliers and vendors is essential in the growth and development of its operations. Understanding the importance of having a competitive advantage and using the Buy, Make, Move and Sell lever; should remove the hesitations of using analytical data and drive companies to invest in their future with the new smarter software.
In: Operations Management
M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is
700700
units per month. The item can be purchased from either Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table. Ordering cost is
$5555,
and annual holding cost per unit is
$66.
|
Allen Mfg. |
Baker Mfg. |
||
|
Quantity |
Unit Price |
Quantity |
Unit Price |
|
1-499 |
$16.00 |
1-399 |
$16.10 |
|
500-999 |
15.50 |
400-799 |
15.60 |
|
1000+ |
15.00 |
800+ |
15.10 |
a) What is the economic order quantity if price is not a consideration?
nothing
units
b) which supplier should be used?
c) what is the optimal order quantity?
d) total cost?
In: Operations Management
two minute speach on canada current leaves: about disappearance or death of child
In: Operations Management
This week we focus on some additional terms for IT users. This week lets discuss what a community of practice is. Why are they important and how can they impact the culture within an organization?( 300 - 350 words)
In: Operations Management
Student Success Seminar (STSC-150) Class
1. Write about one of your self-defeating behavior patterns. Choose a behavior pattern that you checked on the list in Chapter 6 or identify a self-defeating behavior that isn't on the list but that you do often. (Download the attachment in this activity for a copy of the list.) Remember, a behavior is something someone else can see you do. Develop your journal paragraphs by anticipating questions that someone reading them might have about this behavior pattern. (Even you might have questions when you read your journal 10 years from now.) For example:
- What exactly is your self-defeating behavior pattern?
- What are some specific examples of when you did this
behavior?
- What may have caused this habit?
- What undesirable effects has it had on your life?
- How would your life be improved if you changed it?
One student began by writing, "One of my self-defeating behavior patterns is that I seldom do my best work on college assignments. For example, in my biology lab . . ."
2. Repeat Step 1 for one of your self-defeating thought patterns or
for one of your self-defeating emotional patterns. Once again,
choose a pattern that you checked on the list, or identify a habit
that isn't on the list but that you often think or feel. You might
begin, "One of my self-defeating thought patterns is that I often
wonder if I'm smart enough to be successful in college. I
especially think this during exams. For example, last Thursday I .
. . Or . . . One of my self-defeating emotional patterns is that I
often feel frustrated. For example . . . ".
When you're finished, upload or share your journal entry. Then hit "Submit Now" to submit this assignment for grading.
In: Operations Management
In 400-500 words
What are the economic conditions of globalization that allow Uber to function across the world?
What are Uber's legal and regulatory challenges in the US? In other parts of the world?
What role has technology played in the emergence of Uber as a large, global corporation? How do you see this changing in the future?
In: Operations Management
Consider the two processes below with specifications 100 plus or minus 10:
Q. What is the fraction non-conforming for each process?
In: Operations Management
Please discuss the strategic purpose of management development (MD). In your opinion, what are the top three strategic issues facing HR practitioners today in relation to management development and, in turn, organizational performance and improvement? What role can management development play in facilitating practical solutions to these strategic issues?
In: Operations Management
Dynex Company had the following income statement for last year:
| Sales | $200,000 | ||
| Less: COGS | 100,000 | ||
| Gross Profit | $100,000 | ||
| Less: Selling & Admin. Expense | 40,000 | ||
| Operating income | $ 60,000 | ||
Beginning assets were $280,000, and ending assets were $300,000.
Use the excel document found in the Assignments tab to answer the questions below.
In: Operations Management
Rayvo Company has the following information:
| Direct Materials: | Direct Labour: | ||||
| Standard Quantity | 100,000 | Standard Hours | 1,000 | ||
| Actual Quantity | 99,500 | Actual Hours | 1,050 | ||
| Standard Price | $5 | Standard Rate | $12 | ||
| Actual Price | $4 | Actual Rate | $13 | ||
Use the excel document found in the Assignments tab to answer the questions below.
In: Operations Management
Richard Scott, CEO of XYZ Enterprises, is considering a merger
with Empire Inc., which is led by CEO Mickey Thompson. The merger
of their two firms will enable the creation of a very large
diversified conglomerate, with businesses ranging from office
supplies to sporting goods, industrial paints, consumer
electronics, video games, and marine engines. Consultants from
Boston Consulting Group have advised Scott and Thompson that the
merger could create a great deal of value, because the new combined
entity can use several lucrative yet mature "cash cows" within
Empire Inc. to fund the growth of several promising, but not yet
highly profitable, young businesses. Scott and Thompson have
decided to seek a second opinion from your consulting firm,
International Associates.
Please respond to the following questions posed to you by these two
CEOs:
In: Operations Management
All airplane passengers at the Lake City Regional Airport must pass through a security screening area before proceeding to the boarding area. The airport has three screening stations available, and the facility manager must decide how many to have open at any particular time. The service rate for processing passengers at each screening station is 6 passengers per minute. On Monday morning the arrival rate is 7.2 passengers per minute. Assume that processing times at each screening station follow an exponential distribution and that arrivals follow a Poisson distribution.
Note: Use P0 values from Table 11.4 to answer the questions below.
In: Operations Management
Use the excel document found in the Assignments tab to answer the questions below.
Part A: (1 mark)
Advent Company wants to introduce a new printer called the Blitzer. The company believes demand will be 10,000 units per year at a price of $50 per printer. Advent would invest $300,000 and requires a 50% return on their investment.
Calculate the target cost per unit for the new Blitzer printer.
Part B: (1 mark)
Growing Inc. manufactures growth charts. Growing Inc. has recently invested in a new machine that can individualize the picture displayed on the growth chart. They believe demand for this new type of growth chart will be 50,000 charts per year at $15 per chart. The machine will cost $500,000. They would like to earn 45% on this investment.
Calculate the total target cost for 50,000 units for the new style of growth chart.
Part C:
Talia Corp. produces digital cameras. For each camera produced, direct materials are $27, direct labour is $15, variable manufacturing overhead is $18, fixed manufacturing overhead is $32, variable selling and administrative expenses are $7, and fixed selling and administrative expenses are $22.
Calculate the target selling price assuming that a 40% markup on total per unit cost is required.
In: Operations Management
Use the Internet to search for an example of an enthymeme in the media (e.g., Internet, television, radio, newspapers, etc.).
In: Operations Management