1. Is there still a role for workers in automated logistics systems?
2. Think of examples of products that can be 3D or 4D printed. How will materials flows in these supply chains change as a result?
In: Operations Management
When looking at it from a strategic management point of view, how does a new venture’s situation differ from that of an ongoing small company?
In: Operations Management
1. If we are covering an important component of a professional brand - personalized communication. In regards to cover letters, there is flexibility in style, lengths, and composition but what elements do you think are most important to include and why?
2. There are several approaches to follow up communications. It is highly recommended that you send an e-mail or handwritten thank you letter after an interview. Why is this recommended, and what are the benefits resulting from this action?
3. What types of advertising appeals can we use in a project's messaging in order to align with the host market's culture and values? Explain your choices.
In: Operations Management
"For the Kingdom of Heaven is like the landowner who went out early one morning to hire workers for his vineyard. 2 He agreed to pay the normal daily wage and sent them out to work. 3 "At nine o'clock in the morning he was passing through the marketplace and saw some people standing around doing nothing. 4 So he hired them, telling them he would pay them whatever was right at the end of the day. 5 So they went to work in the vineyard. At noon and again at three o'clock he did the same thing.
6 "At five o'clock that afternoon he was in town again and saw some more people standing around. He asked them, 'Why haven't you been working today?' 7 "They replied, 'Because no one hired us.' "The landowner told them, 'Then go out and join the others in my vineyard.' 8 "That evening he told the foreman to call the workers in and pay them, beginning with the last workers first. 9 When those hired at five o'clock were paid, each received a full day's wage. 10 When those hired first came to get their pay, they assumed they would receive more. But they, too, were paid a day's wage. 11 When they received their pay, they protested to the owner, 12 'Those people worked only one hour, and yet you've paid them just as much as you paid us who worked all day in the scorching heat.'
13 "He answered one of them, 'Friend, I haven't been unfair! Didn't you agree to work all day for the usual wage? 14 Take your money and go. I wanted to pay this last worker the same as you. 15 Is it against the law for me to do what I want with my money? Should you be jealous because I am kind to others?' 16 "So those who are last now will be first then, and those who are first will be last."
In: Operations Management
Assume that you are a salesperson who calls on retailers. For some time you have been attempting to get an appointment with one of the best retailers in the city to carry your line. You have an appointment to see the head buyer in one and one-half hours. You are sitting in your office. It will take you about 30 minutes to drive to your appointment. Outline what you should be doing between now and the time you leave to meet your Prospect.
In: Operations Management
1. You assume the role of a warehouse/DC supervisor and share with us the three biggest challenges you face when trying to maintain a safe working environment for everyone.
In: Operations Management
Preparation
Remember Sun City Boards, which you read about in the Why It Matters (Links to an external site.) and Putting It Together (Links to an external site.) sections of the Planning and Mission module? In this assignment, we’ll return to Sun City Boards and the management challenges its owner, Tom Wilson, faces. You’ll advise Tom on strategic management steps he and Sun City Boards should take to develop and implement their new strategy.
The Environments and Strategic Management module of your text introduced several strategic planning tools to use at different stages of the strategic management process. As an advisor for Sun City Boards, your assignment is to select one of the strategic management tools described in the reading, explain how it works, and explain why it will be of value to Sun City Boards. The following steps will help you prepare for your written assignment:
Your Task
Write a three-paragraph essay describing your chosen tool and why you selected it. Your essay must include three properly referenced and defined terms from the module reading. For example, if you select SWOT Analysis, you could include the definitions of each letter. Answer and address the following questions:
In addition to the text, you are encouraged to research your tool using reliable and properly cited Internet resources. You may also draw from your personal work experience with appropriate examples to support your references.
I choose strategy implementation as my analysis tool to explain to Tom Wilson.
In: Operations Management
Explain the effects a changing labor market has on selection, training, and promotion for human resources. How should human resources respond?
In: Operations Management
A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25, 0.40, and 0.35, respectively.
A small facility is expected to earn an after-tax net present value of just $18,000 if demand is low. If demand is average, the small facility is expected to earn $75,000; it can be increased to medium size to earn a net present value of $60,000. If demand is high, the small facility is expected to earn $75,000 and can be expanded to medium size to earn $60,000 or to large size to earn $125,000.
A medium-sized facility is expected to lose an estimated $25,000 if demand is low and earn $140,000 if demand is average. If demand is high, the medium-sized facility is expected to earn a net present value of $150,000; it can be expanded to a large size for a net payoff of $145,000.
If a large facility is built and demand is high, earnings are expected to be $220,000. If demand is average for the large facility, the present value is expected to be $125,000; if demand is low, the facility is expected to lost $60,000.
Which alternative is best, according to each of the following decision criterion?
a) Maximin
b) Maximax
c) Minimax regret
In: Operations Management
The World of Marketing and Sales
Differentiate between the concepts of marketing and sales.
In this course, we are studying the concepts of marketing and sales and their far-reaching influence and importance in both our private and professional lives. As we know from our readings, there is a difference between marketing activities and sales activities that are performed by the firm.
For this assignment, first consider what we mean by the term "marketing." What is the definition of "sales?" What is the difference between sales and marketing orientations? What are some of the marketing management philosophies? Lastly, what are some of the important reasons for studying marketing and sales?
MUST BE 1200 WORDS
PLEASE MAKE COPY PASTE AVAILABLE
In: Operations Management
Why does Prepaid Group Practice build their own hospital? How does it differ from HMO, some of whom also owns hospital?
In: Operations Management
In: Operations Management
Implementing change in any organization can be a daunting task. change is inevitable, and organizations need to embrace a culture of change for long term survival. However not all changes are worthwhile. Blindly implementing change can result in sub-optimal performance and in some cases, it can diminish performance. Change initiatives must be evaluated from a business perspective. Consider an example of an automobile dealership is evaluating a new protocol in their auto-service department. The service department generates more revenue than the sales department, on an annualized basis. Sales revenues have been down in recent years, and management would like to find ways to increase service revenue to offset any shortfalls from the sales department. The service department has proposed to senior management that they can make a change to their service offerings to increase revenue. Currently, the service department offers ala carte offerings for service. Patrons can opt for separate services on an as needed basis (e.g. oil, change, spark plug change, timing belt service, transmission service and so on). A key change proposed would involve offering packaged service solutions (e.g. 10K mileage service, 30K mileage service, 75K mileage service, and so on). Each package service would bundle many of the previously offered services. If implemented, the change could yield an extra $1M of service revenue for the dealership. Without this change, substantially growing service revenue would be very unlikely for the dealership. The change implementation will involve having to re-market its services appropriately, changing advertising, increasing promotions, training staff, and so on, They would have to do so without making long-time customers feel like they are being offered more services than then need at any given time. How should the dealership go about evaluating this change? Should they embark on this change? Please explain your answer sufficiently.
In: Operations Management
Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Emery uses 775 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. The cost schedules of two suppliers are as follows: Vendor 1 Vendor 2 Quantity Price/lb Quantity Price/lb 1-499 $17.00 1-399 $17.10 500-999 $16.75 400-799 $16.85 1,000+ $16.50 800-1,199 $16.60 1,200+ $16.25 This exercise contains only parts a, b, and c. a) What is the economic order quantity for each supplier? For Vendor 1 at $17.00/pound, the economic order quantity is
In: Operations Management
1- With which of the listed mindsets and practices can you
identify?
2- Which of these mindsets and practices do you possess, regardless
of being in a leadership role?
3- Have you worked with any CEO, supervisor or manager who had or
lacked these traits?
4- Which two (or more) do you feel you need to add to your skillset
to become a successful leader?
The mindsets and practices of excellent CEOs
In: Operations Management