9-18. Hammaker Manufacturing: Lean Production/Lean Accounting

HMC continues to be profitable. Although Denise and Lloyd Rowland mapped several business processes 5 years ago to determine whether HMC should work on process improvements or consider business process reengineering, they never really finished that effort nor did HMC decide whether to outsource any processes. Hammaker still thinks that HMC could be more efficient and more profitable, but he’s not really sure how the company can achieve this “next level” of excellence. About a year ago, Denise started reading books and trade journals on the topics of business strategy, lean production, and lean manufacturing. So, when Dick approached her regarding his intent to improve the company, she began to share with him some of the insights she had gained over the past year on business strategy and how their current AIS might not be capturing the most useful metrics for optimal decision-making. Denise mentioned that the next Lean Accounting Summit will be in September and suggested that she and her three financial analysts go to the 4-day conference to gain a better understanding of lean production and accounting concepts to determine how they might be able to better support HMC and Bob's goal of improving the company.

Requirements

1. If Bob decided to adopt the business strategy of lean production, what changes might he and his managers consider?
2. Explain how HMC might benefit from implementing lean production/manufacturing concepts.
3. Why would it be important for Denise and her financial analysts to attend the Lean Accounting Summit? What benefits would you expect them to acquire from this conference that would be useful at HMC?

what are the strongest arguments for the proposition that corporations should have influence on how public policy is formulated?

• Given that position, how can corporations exercise political control over policy making without infringing on public interests? What role corporations can be expected to play? Is there a role for the government?
• Should foreign corporations be able to exercise influence over US policy?
• If corporations are to exercise control over policy making in general, are there any areas of policy that corporations should not be able to influence?

Organizational Behavior & Mgmt

Discussion Question:

Are all managers leaders at the same time? Why? and Are all leaders managers at the same time? Why?

SA Adventures Unlimited was formed four years ago, by Michael and Jill Rodriguez. Michael was a trained geologist, while Jill had a master’s degree in Spanish. They were both avid outdoor enthusiasts and fell in love while trekking across the Andes in Chile. Upon graduation, they seized upon the idea of starting their own specialized tour business that would focus on organizing and leading “high-end” adventure trips in South America. Their first trip was a three-week excursion across Ecuador and Peru. The trip was a resounding success, and they became convinced that they could make a livelihood doing something they both enjoyed.
After the first year, Adventures Unlimited began to slowly expand the size and scope of the business. The Rodriguezes’ strategy was a simple one. They recruited experienced, reliable people who shared their passion for South America and the outdoors. They helped these people organize specific trips and advertised the excursion over the Internet and in travel magazines.
Adventures Unlimited has grown from offering 4 trips a year to having 16 different excursions scheduled, including trips to Central America. They now have an administrative support staff of three people and a relatively stable group of five trip planners/guides whom they hired on a trip-by-trip contract basis. The company enjoyed a high level of repeat business and often used their customers’ suggestions to organize future trips.
Although the Rodriguezes were pleased with the success of their venture, they were beginning to encounter problems that worried them about the future. A couple of the tours went over budget because of unanticipated costs, which eroded that year’s profit. In one case, they had to refund 30 percent of the tour fee because a group was stranded five days in Blanco Puente after missing a train connection. They were also having a hard time maintaining the high level of customer satisfaction to which they were accustomed. Customers were beginning to complain about the quality of the accommodations and the price of the tours. One group, unfortunately, was struck by a bad case of food poisoning. Finally, the Rodriguezes were having a hard time tracking costs across projects and typically did not know how well they did until after their taxes were prepared. This made it difficult to plan future excursions.
The Rodriguezes shared these concerns around the family dinner table. Among the members in attendance was Michael’s younger brother, Mario, a student at a nearby university. After dinner, Mario approached Michael and Jill and suggested that they look into what business people called “project management.” He had been briefly exposed to project management in his Business Operations class and felt that it might apply to their tour business.
Case Question
1. To what extent does project management apply to Adventures Unlimited?
2. What kind of training in project management should the Rodriguezes, the administrative staff,
and tour guides receive to improve the operation of Adventures Unlimited?
3. Identify major topics or skill sets that should be addressed.

Using CARDTRONICS,

1. Create the Final Strategic Plan. The Final Strategic Plan contains the elements of all the previous weeks' components and incorporates instructor feedback. The strategic recommendations will be evaluated and the best options chosen for recommendation. The final strategic plan should contain:

   • Table of Contents
   • Executive Summary (350 to 700 words)
   • Company Background
   • Mission Statement
   • Vision Statement
   • Value Statement
   • Environmental Scan
   • Internal and External Environmental Analysis
   • Strategic Recommendation
   • Implementation Plan
   • Organizational Change Management Strategies
   • Risk Management Plan
   • Conclusion
   • References

   Create a 10- to 15-slide Microsoft^® PowerPoint^® presentation with visuals and speaker notes to present the strategic plan, summarizing all relevant elements from previous weeks. The objective is to sell the strategic plan to investors or company directors.

   Format the assignment according to APA guidelines.

which of the following is NOT true regarding inventory cost behavior as the replenishment quantity increases?

A. ordering cost decreases

B. Order cost increases

C. the # of exposures to stockout decrease

D. the holding cost increases

E. stockout cost decreases

Which of the following is true regarding manufacturing organizations' use of inventory?

A. A firm that experiences highly seasonal demand, yet produces at a constant rate, uses inventory to absorb the swings in demand.

B. A firm Amy experience constant demand, yet have seasonal production.

C. Consolidation of items stored will typically yield more favorable transportation rates.

D. warehousing and material handling can contribute significantly to distribution costs.

E. All of the above

The Newsboy Problem is:

A. a system with repetitive order quantities and instantaneous replenishment.

B. suitable for products with long life cycles

C. a system with repetitive order quantities and non-instantaneous replenishment

D. Suitable for products with a short life cycle or one-time order

Which of the following is a reason to hold inventory?

A. increase costs due to economies of scale in production

B. increase costs in purchasing and transportation

C. increase customer service

D. increase uncertainties in demand and lead times

E. none of the above

For Push vs. Pull inventory control, which of the following is true?

A. a pull system tends to optimize efficiency of the whole supply chain

B. a push system is controlled by the multiple warehouses that receive goods from a single plant

C.A pull system optimizes the warehouses but does not necessarily optimize the whole supply chain

D. A push system will always result in more inventory than a pull system

E. all of the above

How could metrics abuse begin to develop in an organization? Please explain.

replacement Individual Assignment for HRM2040 re COVID-19

You must select

10

of the following areas of HR.

Legal Compliance

Technology and Human Resources

Job Analysis and Job Design

Human Resources Planning

Recruiting Employee

Selecting Employees

Employee Orientation and Training

Career Development

Performance Management

Equitable Pay Plans

Employee Benefit and Service Plans

Health and Safety

Employee Relations

Management and Labour Relations

For each of the 10 selected areas, you must identify and explain 3 factors or characteristics that would be

considered HR practices of a 21 st

century organization and provide information from where you select those.

Your job is Supply Chain Management, choose in your field from one of the job search sites. Using Word, describe how you would network to get the position you chose. Submit to the Job Search and Networking Folder below.

Discuss Legal trends affecting human resource management (HRM)

Social Media Marketing.

1. In your own words, please define both "permission marketing" and "interruption marketing." Please provide an example of a time when you have experienced both types of marketing.

2. Two-paragraph (five-sentence per paragraph minimum) answer to the following question. Please feel free to write only your opinion, or to back it up with sources.

In your opinion, why is social media different from other types of marketing?

What steps are organizations taking in reducing bureaucracy? Define professionalism.

Nina Stiller is passionate about modern sculpture and works for an art dealer in New York City. In her job, she is responsible for traveling the country to assess sculptures that are being sold by private owners and determining if the art dealer should buy them. She also privately collects sculptures that she thinks are great works of art and will become valuable over time. She will sometimes sell the sculptures she owns privately if she gets an offer that will make her a lot of money. She is saving the money from the sales because she hopes to open up her own art dealership one day. Unfortunately, her boss at the art dealership discovers that she sometimes sells pieces from her private sculpture collection for a profit. Her boss wants to fire her because her private sculpture sales are a conflict of interest with her work at the art dealer.

Nina’s boss is worried that firing Nina would violate the New York law that prohibits employers from discriminating against employees for their participation in legal recreational activities pursued outside of work hours.

Use the language from the New York law that was analyzed in theNew York v. Walmartcase to explain why Nina would not be protected by this law from being fired.