Case study: Crown clothing store chain (you need to right 700 words)
Ahmed and Ali are two of the most prominent businessmen in the
Middle East. Mark and Thomas created a chain of clothing stores
five years ago and your group was recently appointed to assess
their cost cycle.
During a short discussion with the Procurement Manager, they were
informed of the following:
"Our business is growing faster than we expected. As a result, many
tasks and roles must be taken to keep our operations running. All
of the suppliers we have approved since we started the store chain
are still dealing with them and we have built a relationship based
on mutual trust. Usually the necessary supplies are purchased from
Every supplier using the phone After delivering the goods,
suppliers send the invoice to us by email. Our policy of paying the
invoices is to pay the invoice immediately upon receipt. The
payment process is also easy as the checkbook of the facility is in
my possession. For each bill on the check, then sign the check and
send it by email. All the operations are simple and work smoothly
to the best of my knowledge. "
Required:
The case should be read,
Determine the weaknesses in the Crown Garment Facility
expenditures cycle based on the information provided by the
Procurement Manager?
Please provide the necessary recommendations for each
weakness?
In: Operations Management
In: Operations Management
In: Operations Management
Companies have to update their strategy on a regular basis but sometimes need to look at radical change, briefly explain these two types of Strategic Change and how they might affect company organization. Define incremental and transformational change.
In: Operations Management
Explain the term strategy and the difference between Business and Corporate Strategies. Describe how you would craft a mission statement and explain the process to set-up your strategy. Discuss how strategic management has evolved since the 1950’s and where it might be in the next decade (2020-2030).
In: Operations Management
Define strategic management and explain the scope of SM. What are the essential differences between Strategic and Operation Management. Strategy relies on understanding internal and external contexts, explain why this is necessary.
In: Operations Management
How does information and knowledge management link to competitive advantage? Discuss the reasons why or why not a dominant firm might or might not consider attacking smaller competitors to increase market share?
In: Operations Management
Daily demand is normally distributed with mean 22 units and SD=6. Ordering cost is $21/order, carrying cost is $2.5 per unit per year. The item is used 365 days a year. Order lead time is 4 days. The order point should have a 99% target service level.
Find:
-avg inventory level
-avg number of orders/yr
-avg number of stockouts/yr
-avg time (years) between stockouts
Policy I is the (Q,R) policy determined above.
Policy II: Increase the order quantity by 10 units, and re-evaluate the policy using the original order point from policy I
Policy III: Increase the order point by 5 units, and re-evaluate the policy using the original order quantity from Policy I.
Both policies II and III should have the same total average inventory (cycle stock and safety stock). However, the mix of cycle stock vs. safety stock varies between the two.
In: Operations Management
2. What is coaching? Is there only one type of coaching? Explain.
In: Operations Management
Assume that you are preparing to interview a group of applicants for flight attendant positions since you work for an airline. Prepare a set of 5 behavioral questions (or situational questions) including the possible answer choices and your scoring scheme. Explain why you consider certain responses to be superior and how does the theory help you in preparing these questions (based on the chapter on interviewing).
In: Operations Management
In: Operations Management
Identify one ethical dilemma at the project level and organizational level and its implication for organizational performance.
In: Operations Management
In: Operations Management
please write a burberry company history with references
In: Operations Management
In: Operations Management