2. Describe how an organization would set up a structured interview system.
In: Operations Management
Manager wants an analysis on the different quality
control tools and any information on costing techniques you can
provide.
Task:
1) Your manager would like you to submit a report that
discusses:
• Quality control tools that are available, and where their use
would be most effective. When discussing the quality control
techniques that can be used to improve business performance,
justify whether or not you think these methods would be
effective.
• An analysis of the costing techniques that are used within an
industrial environment, and the benefits of using them.
In: Operations Management
Scenario:
You have just joined a new workforce and have immediately noticed
there is almost no quality control procedures in place. After a
quick conversation with your colleagues on the matter, it is clear
that they agree that quality control needs to be brought in, but
they do not know enough about the subject to bring it up to
management.
Activity:
You have decided that this must be brought up to management, and
since none of your colleagues are comfortable with stepping up to
the challenge, it is up to you to convince management.
Task:
You decide that the best way to get this information across is to
write a report to your managers discussing:
a. The techniques used to support quality control, explain how
these techniques could be used in an industrial environment.
b. Describe the processes used in statistical process control for
an industrial environment, also consider whereabouts these
processes could be applied. With this in mind, give justified
reasons as to why you would recommend the use of statistical
process control within an engineering environment.
In: Operations Management
“As the Internet of things advances, the very notion of a clear
dividing line
between reality and virtual reality becomes blurred, sometimes in
creative
ways.” Geoff Mulgan, University College London
What is the “Internet of Things” and what are what are the roles
of the different
company functions in it’s implementation?
In: Operations Management
Although the traditional vending machine has had declining locations and sales over the past decade, new businesses using the vending machine have been appearing. Products sold are varied, ranging from soft drinks to electronics, movies, lettuce, live bait and prescription medicine.
What are the advantages and disadvantages of vending machines for distribution and marketing? What products could be effectively marketed in a vending machine? (For instance, you might want to think about product categories, target markets, locations or the specific business model).
In: Operations Management
consider what you should do to formally close your identified project. Reflect on when you should close your project and how you can demonstrate “value creation” to Lightning Fast stakeholders. Your answer should also draw comparisons between traditional and agile project management, providing recommendations for which of these applies best to your identified project.
In: Operations Management
Financial Reporting: Do Small Errors Need to be Reported?
Ben is a recent Santa Clara University graduate who has just started his first job in the finance department of a publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive Microsoft Excel reports that analyze costs and revenues for different divisions. Ben sends completed reports to his direct supervisor and the CFO. The CFO then uses the information to create the company's financial reports, in addition to the strategy and forecasting formulation.
While Ben considers himself to be detailed-oriented, the complicated nature of and the sheer volume of data sometimes overwhelm him, which is exacerbated by their strict deadlines. While Ben works hard to prepare the reports as accurately as possible, he often finds errors after he has submitted his final report. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor, in Ben's estimation, and he doubts that the CFO will use or look at these figures. Ben is ambitious and wants to be promoted, but worries that if he frequently sends out revised reports he will appear unreliable and unqualified. At the same time, the potential consequences from inaccurate financial reports put the company, the CFO and CEO, and Ben himself at risk.
Think about... What actions should Ben take when he catches a mistake? Is he obligated to report every error, particularly since he works for a publicly traded company? Is there such a thing as a small error in this context?
For your post, put yourself in Ben's shoes... You have a family at home that you provide for. What would you do if you caught one of your own errors? Does the amount of the error matter? Are you willing to get fired? How important is trust? How much do you value integrity?
In: Operations Management
Create a level plan with a zero ending inventory for the forecast shown in the table. There is no beginning inventory and regular production capacity is 300 units. Subcontracting is limited to 60 units per month and costs $10 per unit. There is a cost of $5 per month to hold a unit in inventory. What is the total plan cost (i.e. subcontracting + inventory)?
Hint: In a level production plan, production is held constant in every time period. Use regular production, subcontracting, and inventory to create the plan.
Month |
Forecast |
Regular |
Subcontracting |
Monthly Inventory Change |
Ending Inventory |
January |
250 |
||||
February |
300 |
||||
March |
400 |
||||
April |
350 |
In: Operations Management
"Some people call this artificial intelligence, but the reality
is this technology
will enhance us. So instead of artificial intelligence, I think
we'll augment
our intelligence." Ginni Rometty, former CEO of IBM
Discuss the term “Augmented Intelligence” and what it means
for
introducing broadly the use of artificial intelligence capabilities
in key
functions of the company (e.g. Marketing, Sales, R&D, IT, and
Service).
(recommended to choose ByteDance, Vodafone,
Microsoft, TetraPak and Siemens as examples)
In: Operations Management
Why do interpreters of Adam Smith often think that he equates economic activity with selfish behavior, according to Amartya Sen? Why does Sen believe they are wrong? Explain.
In: Operations Management
In: Operations Management
You should describe how you are going to communicate the benefits of your Alexa Echo product to your target market. Be sure to use some combination of the following to promote your product: Traditional Advertising—TV, radio, newspapers, magazines, billboards, and direct mail Online Media—Websites, social media, and blogs Sales Promotion—Free samples, coupons, point of purchase displays, trade shows, and product demonstrations Publicity—Press releases, product launches, special events, community involvement, writing articles, and testimonials Personal Selling—In-store salespeople, outside salespeople, inside salespeople, and sales training
In: Operations Management
“When digital transformation is done right, it’s like a
caterpillar turning into a
butterfly, but when done wrong, all you have is a really fast
caterpillar.”
Georg Westerman, MIT
Reflect on this quote discussing the speed and focus of change
in business
processes, structures and culture while going through a
digital
transformation.
(recommended to choose companies like Nike, ByteDance,
Vodafone, Microsoft and Siemens during reflection)
In: Operations Management
Create a course syllabus for a mandatory ethics course for parents who want their children to participate in sports. Include area headings similar to the syllabus for this course. Also discuss on the syllabus how a parent's license could be revoked.
In: Operations Management
How has Wal-Mart grown from a small region chain to the largest discount retailer in the world? How has its strategy contributed to the firm’s growth?
In: Operations Management