The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue producing investments together with annual rates of return are as follows:
| Type of Loan/Investment | Annual Rate of Return (%) |
| Automobile Loans | 8 |
| Furniture Loans | 10 |
| Other Secured Loans | 12 |
| Signature loans | 13 |
| Risk-Free Securities | 8 |
The credit union will have $2.4 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and investments:
How should the $2.4 million be allocated to each of the loan/investment alternatives to maximize total annual return?
| Automobile Loans | $_____ |
| Furniture Loans | $_____ |
| Other Secured Loans | $_____ |
| Signature Loans | $_____ |
| Risk Free Loans | $______ |
What is the projected total annual return?
$ ______
In: Operations Management
Please give some solid examples of Costco's lean management strategy
In: Operations Management
Frito-Lay's Quality-Controlled Potato Chips
Video Case
Frito-Lay, the multi-billion-dollar snack food giant, produces billions of pounds of product every year at its dozens of U.S. and Canadian plants. From the farming of potatoes—in Florida, North Carolina, and Michigan—to factory and to retail stores, the ingredients and final product of Lay’s chips, for example, are inspected at least 11 times: in the field, before unloading at the plant, after washing and peeling, at the sizing station, at the fryer, after seasoning, when bagged (for weight), at carton filling, in the warehouse, and as they are placed on the store shelf by Frito-Lay personnel. Similar inspections take place for its other famous products, including Cheetos, Fritos, Ruffles, and Tostitos.
In addition to these employee inspections, the firm uses proprietary vision systems to look for defective potato chips. Chips are pulled off the high-speed line and checked twice if the vision system senses them to be too brown.
The company follows the very strict standards of the American Institute of Baking (AIB), standards that are much tougher than those of the U.S. Food and Drug Administration. Two unannounced AIB site visits per year keep Frito-Lay’s plants on their toes. Scores, consistently in the “excellent” range, are posted, and every employee knows exactly how the plant is doing.
There are two key metrics in Frito-Lay’s continuous improvement quality program: (1) total customer complaints (measured on a complaints per million bag basis) and (2) hourly or daily statistical process control scores (for oil, moisture, seasoning, and salt content, for chip thickness, for fryer temperature, and for weight).
In the Florida plant, Angela McCormack, who holds engineering and MBA degrees, oversees a 15-member quality assurance staff. They watch all aspects of quality, including training employees on the factory floor, monitoring automated processing equipment, and developing and updating statistical process control (SPC) charts. The upper and lower control limits for one checkpoint, salt content in Lay’s chips, are 2.22% and 1.98%, respectively. To see exactly how these limits are created using SPC, watch the video that accompanies this case.
Discussion Questions
The data (in percents) from the initial trial samples are:
Provide the report to Angela.
3.Why is quality a critical function at Frito-Lay?
In: Operations Management
Please describe, in depth, the human capital of Petco and PetSmart.
In: Operations Management
Question 50 of 60.
Which of the following items is NOT necessary to keep in a vehicle?
Spare tire
First aid kit
Blank incident reports
Vehicle rental request
Question 51 of 60.
What is the purpose of an asset tag?
Inform staff that all items are tracked
Identify items needing repair and/or maintenance
Identify and link items to documentation records
Notify transporters that items should not be removed in transit
Question 52 of 60.
What is the purpose of having an asset register?
Ensure proper recording and tracking
Complete the purchase process
Make payments to suppliers
Record general ledger entries
Question 53 of 60.
What are the three key elements you need to consider when developing the definition of asset for your organization?
Non-consumable, acquisition cost, and useful life
Manufacturing year, current market value, and duration of program
List of accessories, size, and value of the item
Question 54 of 60.
Which of the following supporting documents is suitable to justify disposal of an asset that can no longer be operated or repaired?
Procurement contract
Purchase request
Repair estimate
Original estimate
Question 55 of 60.
After a project officer receives her new laptop while on a field assignment, how should she confirm its receipt with the local office?
Call the person that issued it
Text the person that issued it
Email the person that issued it
Skype the person that issued it
In: Operations Management
Imagine for a moment that you are in charge of your favorite local business –not Apple, or Amazone. Now that you have a business in mind, how would you go about designing a “system” to evaluate its customers’ service health?
In: Operations Management
Post-purchase evaluation is critical to the business. That is where customers would evaluate if the quality of the product/service is good enough to do repeat business. Also, when it is the case, this will drive customer referrals as well. Discuss how you would capture customer evaluation and how you would use it to improve your business.
In: Operations Management
Though the extent of its long-term impact is still unclear, it is increasingly believed d by experts that the COVID-19 pandemic will change the world in a number of important ways. With respect to business and capitalism, COVID-19 poses a number of unique challenges that can already be observed. Based on this, please answer the following questions:
Question
In this course, we have discussed the functional departments of business (finance, supply chain management, human resources, etc.). assume that you are the CEO of a business affected by COVID-19 pandemic. Explain how any 3 of the functional departments of your business would need to change in response to the pandemic. Use examples where possible. (among other things, you answer should briefly include relevant background information about the business, e.g. industry: the answer needs to be based on one business, real or hypothetical) (9marks)
In: Operations Management
Describe any two models that can be used to diagnose organization environment.
In: Operations Management
What can make a contract too specific and what could happen if it is? Give an example.
No handwritten answers please.
In: Operations Management
Hi, can you answer this question in more detail?
Subject: Quality Management and Practices
4.
Research on the current state of Toyota's Company quality management covers the following topics, demonstrate your theoretical understanding and skills in evaluating existing operational management issues, and use a quality management framework for analysis.
• Total Quality Management…
( Words: 900 Don't direct copy )
In: Operations Management
You work for a firm that has decided to exploit the possibilities that sales abroad can bring and want to become an active exporter. You have 2 potential customers under consideration:
a. The first customer you are considering is a potentially large customer in Malaysia where the business potential could be about 15% of you current firm revenues per year for the next few years. This customer requires standard diesel machines, similar to the ones you are already supplying to your customer base in the USA.
b. The second is a potential customer in China. The future business potential is uncertain, however it could grow in the future or this could be even a one-off sale – it depends on how the first few transactions are handled and the support provided to the customer. This customer requires diesel machines which will be custom built for the customer.
What channel (method of entry into the market) would you use in each of the above cases? Justify your answer. What factors would you consider in making the decision?
In: Operations Management
Prepare a brief (maximum 350) report that examines whether, how, and why strategic management is/could/should be relevant and important. use examples from the Department of corrections to offer a credible analysis. Decide what strategic management elements to include in the reports (e.g. Vision/Mission, situational analysis, external view, internal view, core values, strategy, leadership, etc.)
United States of America Prison
In: Operations Management
Fundamentals of Logistics and Supply Chain Management
Message from COVID-19 on Global Sourcing
Your Task: Develop a Proposal for Global Sourcing of Face Masks
You need to address the following questions:
In: Operations Management
Nike Big Data Management
With the analysis on the business of this leader in the sports industry, it indicates that NIKE is facing a problem in how to market their customers in a more customized way in order to regain the market share for the young market especially.
According to the 5-forces, Nike is suffering from the great level of competitive rivalry in a saturated market. People within this market have very low cost in switching to other brands while competitors are having similar features on their products. Obviously, NIKE’s young market is losing loyalty to it, while Adidas, New Balance and Puma in sports and Vans, Converse and Supreme in streetwear performance are gaining momentum. It is possible to say that they are not only competing on shoes and clothes but also technologies and stylish design nowadays as customers and even retailers have so much to choose from.
On the other hand, NIKE seems to be ignoring some speciality sports retailers while retailers have deep ties to the young market and community. They act an important role in the distribution chain to help promote the brands. NIKE has to closely work with its retail partners like Foot Locker and even more on its 200+ NIKE stores or other speciality sports retailers.
Moreover, young customers usually go to these stores looking for advice on fitting and matching which means stores seriously affecting teenagers’ selection. In this case, the taste and value of the young customer may have been changed a lot in these couple years due to the influence of social media. Therefore, to regain larger market share and create higher profit, NIKE can use BDA on issues like “The most influential athlete to teenagers'', “The fashion color of the coming year”, “Hot icon or images in the world”, “How many hashtags on the product” and “Most popular Internet celebrity” etc. Although NIKE have been innovative for a long time and equipped with advanced technologies, only further customized marketing can take it up to a notch.
- Please write considerations in developing a Strategy for Integrating Big Data Analytics into the selected company. (1500words)
In: Operations Management