Question

In: Operations Management

Question 1 Stephen wants to cultivate perishable goods in Sogakope; a business which he has saved...

Question 1

Stephen wants to cultivate perishable goods in Sogakope; a business which he has saved money for. Discuss five(5) post-operative problems he is likely to encounter.  

Solutions

Expert Solution

Stephen if he wants to invest his money saved into perishable goods and start a business into it in Sogakope or anywhere around he must know the key issues affecting it with research on pre-operational and post-operation to handle the business at the optimum level.

Perishable products/goods are those kinds of goods that are likely to decay/die if it's not taken proper care on the management of it in various operations of marketing issues, finance & costing issues with other operations till it reaches the consumers who are the main reason for starting the business or purpose to generate the revenue or profits out of it. Examples of such goods are milk, ice-cream, yogurt & vegetables.

- Stephen, before he cultivates such business must & should address the following 5 post-operational issues/problems, may encounter to make the business successful:

  1. Harvesting, handling challenges of perishable products on post-harvesting activities which Stephen must look after before he adopts such business as any loss of the persible products due to injury, scratches, minute damage may affect the overall product purchase and in-turn affect the operational performance of the business. Harvesting them naturally with proper nurturing to handling it without any damage is important to get the business done.
  2. Sorting & cleaning is another post-operational issue Stephen must assess as by checking the availability of such products at the place called Sogakope with an understanding of where he is going to get the goods at minimum cost is key. Adding on to it there must be fair means of management in sorting the goods & cleaning them for the better business where can be a game-changer for Stephen to invest in.
  3. Transportation & distributional challenges are other post-operational issues Stephen must address for to make the business achieve its success. Loading & unloading with proper means of the availability of the transport of such goods, cost to manage such transport, and checking the optimal distribution channels to make the cost to a minimum and maximize the share of profitability in controlling the operation is key to survival in this type of business.
  4. Storage issues are another major post-operational challenge under perishable goods that Stephen must keep in mind for it. As such goods don't survive for long so managing proper storage facilities, with quality, temperature, packaging, & other environmental factors are the key areas Stephen must assess to operate into such business. Any loss of it or improper management will affect the inventory and also impact the overall business at all means.
  5. Environmental challenges- Finally the most important attention Stephen must give for such type of products is keeping in check with environmental conditions the product is set. In addition to the management of transport quality, storage quality understanding each product as at what environmental setting it has to be kept is key to manage the loss/damage that may occur. This will impact the other operations if it's not controlled post of it, in turn hampering the cost & inventory as well as overall business at all means.

Thus, Stephen if he really wants to invest his savings into this type of business must & should assess the overall factors affecting pre & post challenges of it with an extensive research depending on the availability, scalability & nature of it. To survive in perishable product business is not everyone cups of tea it needs proper channel of modeling/assessing the key operational challenges or complexities that may arise for to make the business successful.


Related Solutions

Suppose that Michael wants to have $250,000 saved by the time he has reached age 30....
Suppose that Michael wants to have $250,000 saved by the time he has reached age 30. He is currently 21 and has no money in invested. Michael thinks that he can earn an annual return of 7% on his investments compounded monthly. How much does he need to invest each month to reach his goal? If his investments were compounded annually and not monthly, how much short was he on reaching his goal?
A former smoker wants to calculate how much money he could have saved if he had...
A former smoker wants to calculate how much money he could have saved if he had saved the $8 per pack per day in a bank account instead. He assumes that he could have deposited $240 per month in an account earning 10% interest for the 17 years he smoked. Assuming that he starts with a balance of $0 and makes the deposit at the end of every month, how much money could he have saved at the end of...
Q.1.Three students have each saved $1,000. Each has an investment opportunity in which he or she...
Q.1.Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates of return on the students’ investment projects: Harry 5 percent Ron 8 percent Hermione 20 percent a. If borrowing and lending is prohibited, so each student uses only his or her saving to finance his or her own investment project, how much will each student have a year later when the project pays its return?...
Q.1.Three students have each saved $1,000. Each has an investment opportunity in which he or she...
Q.1.Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates of return on the students’ investment projects: Harry              5 percent Ron                 8 percent Hermione        20 percent a. If borrowing and lending is prohibited, so each student uses only his or her saving to finance his or her own investment project, how much will each student have a year later when the project...
Question: - 1(a). Should a nation tend to export or import goods for which it has...
Question: - 1(a). Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Why do economists oppose policies that restrict trade among nations? (Minimum 500 words). (b). Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an                        hour. She spends 5 hours per day studying. a. Draw Maria’s production possibilities frontier for reading economics and sociology. b. What is Maria’s opportunity cost of...
Question: - 1(a). Should a nation tend to export or import goods for which it has...
Question: - 1(a). Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Why do economists oppose policies that restrict trade among nations? (Minimum 500 words). (b). Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. a. Draw Maria’s production possibilities frontier for reading economics and sociology. b. What is Maria’s opportunity cost of...
question stephen flynn works for island traders ltd. his annual salary is 80000 and he is...
question stephen flynn works for island traders ltd. his annual salary is 80000 and he is paid weekly as part of his employment agrrement he is entitltled to 4 weeks annual leave each year. he recieves a leave loading of 17.5 percent B : provide the apporapriate journal entries assuming that stephen flynn takes two weeks annual leave after being employed for one year and assuming that the tax deducted from the 2 weeks payment is 1000 Part A (a)...
question stephen flynn works for island traders ltd. his annual salary is 80000 and he is...
question stephen flynn works for island traders ltd. his annual salary is 80000 and he is paid weekly as part of his employment agrrement he is entitltled to 4 weeks annual leave each year. he recieves a leave loading of 17.5 percent B : provide the apporapriate journal entries assuming that stephen flynn takes two weeks annual leave after being employed for one year and assuming that the tax deducted from the 2 weeks payment is 1000 Part A (a)...
Question 1 (1 point) Saved If I ask a question that is the right question that...
Question 1 (1 point) Saved If I ask a question that is the right question that gives me answers, my research will be reliable Question 1 options: True False Question 2 (1 point) Primary data is collected by a researcher to answer a question or questions. Secondary data is: Question 2 options: data that is unsubstantiated but generally accepted as true by researchers unusable data that is none the less interesting and therefore worth studying data collected from the Primary...
Question 3 This grade has been saved to Gradebook. Your answer has been saved and sent...
Question 3 This grade has been saved to Gradebook. Your answer has been saved and sent for grading. See Gradebook for score details. Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—1 pound plastic at $6.00 per pound $ 6.00 Direct labor—2.5 hours at $11.30 per hour 28.25 Variable manufacturing overhead 17.50 Fixed manufacturing overhead 7.50 Total standard cost per unit $59.25 The predetermined manufacturing overhead rate is $10.00 per direct...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT