May i get a positive respond about the comment below.
As Data Analytics enabled businesses to optimize their supply chains, there are barriers that create complexities in regards to implementation. Execution depends heavily on the analysis of the information obtained, mostly through consumer-driven data. Examples of barriers that businesses may face in implementation would be obtaining the data in general, cost-effectiveness and the unusual case of IT systems built on Legacy systems. Another barrier that challenge businesses looking to capitalize off data analytics would be a multi-layered issue regarding organizational culture and work environment. Overcoming these barriers in implementation are essential for utilizing the substantial amount of data these businesses collect.
The process of simply obtaining the information is a barrier in itself. Businesses have to continue to adapt in terms of technological capabilities, especially in this era in time. The advancement in technologies such as RFID, which stands for Radio Frequency Identification Device, which enabled businesses better capabilities in tracking and managing inventories. In instances where business trying to optimize their systems by utilizing new technology are faced with another barrier, which old legacy IT systems prevent businesses from seamless adaptation. An example from the textbook, regarding RFID tags, shows how the incorporation of new technology can backfire as well. Errors in reliability in its early roll out of RFID, affected its adoption rate and cost remained high as a result.
Organizational culture and capabilities are another barrier that get in the way of implementation. An organization that isn’t necessarily equipped with the correct talent to handle the workload is just as ineffective, regardless of how much information a company has to analyze. As long as a culture exists that supports data-driven decisions, this barrier is easily resolved. As more businesses began to utilize these data analytics, outsourcing of this process enabled third party companies to emerge whose sole purpose are to data mine. These third party data mining companies became a profitable business which in turn, increased stakes between businesses competitively. This scenario enabled businesses who would rather pay big money to have access to these other huge databases that are being mined. Another barrier may emerge as more businesses look to outsource this data analysis.
In conclusion, Data Analysis is not an overnight solution for businesses looking to optimize their logistics and supply chain. There are unique barriers that each business must identify and overcome to achieve successful data analytics implementation.
In: Operations Management
Generally mention atleast seven challenges and hurdles that stop the emergence of new multinational companies and the growth of existing multinational companies in a country ?
In: Operations Management
In: Operations Management
Strategic Management Edition 4. - Frank T. Rothaermel
IKEA - Chapter 10
Is there any special consideration a firm should have for its “home country”? Is it ethical to keep profits outside the home country in offshore accounts to avoid paying domestic corporate taxes?
In: Operations Management
The Path to Good Ethics Starts in Human Resources. Do you agree or disagree with this statement? Please explain in detail and provide examples.
In: Operations Management
In: Operations Management
1. Consider the implications of two recent headlines: "Fiat Chrysler Shares Crash by a Fifth as it is Drawn into Emissions Scandal by US Regulators" and "FBI Arrests Volkswagen Executive emissions Scandal." it appears that Fiat Chrysler and Volkswagen not only failed to act responsibly to comply with emissions regulations but they also committed fraud to make government officials and the public believe they were in compliance. Do you think Fiat Chrysler and Volkswagen are regretting the decisions they made in the past to avoid compliance costs? What costs are they paying now?
2. "The single most important and pervasive moral obligation facing mankind is to ensure survival of a healthy planet for our grandchildren and theirs". Do you agree? Why or Why not?
In: Operations Management
Develop the presentation using your research of 5 Business Intelligence tools.
In: Operations Management
Given that smoking scenes in movies increase the positive image and intention to smoke among youth, what regulations, if any, should apply to this?
In: Operations Management
QUESTION TWO [18]
In many projects, the quantities of the types of resources available to perform the project activities are limited. Several activities may require the same resources at the same time, and there may not be sufficient resources available to satisfy all the demands. Resources can therefore constrain the schedule of a project.
With regard to this:
2.1 Explain what resource-constrained project planning is. (3)
2.2 Explain what is meant by resource levelling or smoothing. (3)
2.3 Describe why and when resource levelling or smoothing is used. (8)
2.4 Explain how resource levelling keeps a project on schedule. (4)
In: Operations Management
"The mitigation risk treatment strategy is the treatment approach that focuses on planning and preparation to reduce the impact or potential consequences An incident response plan he mitigation risk treatment strategy is the treatment approach that focuses on planning and preparation to reduce the impact or potential consequences of an incident or disaster." Incident Response is one of the four types of plans: Develop an incident response plan for an online retail site. The audience for this plan is the Board of Directors within the company.
In: Operations Management
In: Operations Management
What integrated marketing strategy Roots Canada implement in Russia if they open up there?
In: Operations Management
Rachel bought a car from the Beautiful Used Car Agency under a written contract. She purchased the car in reliance on Beautiful's agent's oral representations that it had never been in a wreck and could be driven at least two thousand miles without adding oil. Thereafter, Rachel discovered that the car had, in fact, been previously wrecked and rebuilt, that it used excessive quantities of oil, and that Beautiful's agent was aware of these facts when the car was sold. Rachel brings an action to rescind the contract and recover the purchase price. Beautiful objects to the introduction of oral testimony concerning representations of its agent, contending that the written contract alone governed the rights of the parties. Decision on the objection?
In: Operations Management