Question

In: Operations Management

Unstructured decision (i) Provide an example of an unstructured decision regarding inventory management or its supply...

Unstructured decision

(i) Provide an example of an unstructured decision regarding inventory management or its supply chain that Target might need to make; (1 mark)

(ii) State what type of software could be used to help finalize or implement the decision and explain why that software is suitable for the decision that you have described; (1 mark)

(iii) Provide an example of how the software that you have described could be used to help with the decision example that you have provided. (1 mark)

Solutions

Expert Solution

An Unstructured decision involves a lot of unknowns. Many times, unstructured decisions are the decisions being made for the first time. An information system can support this decision by providing the decision makers with information gathering tools and collaborative capabilities.

Unstructured decisions are more complex.They rely on knowledge and expertise

An example of an Unstructured decision might be dealing with a labor issue or setting policy for a new technology.

A Group Decision Support System (GDSS) is an interactive computer based system that facilitates a number of decision makers in finding solutions to problems that are unstructured in nature.

GDSS includes various software tools and techniques, such as electronic questionnaires, electronic brainstorming tools, idea organizers, tools for setting priority, policy formation tools etc.

The use of these software tools in a group meeting helps the group decision makers to plan, organize ideas, gather information, establish priorities, take decisions and document the meeting proceedings.

While dealing with labor issue, decision makers would come up with questions that involves the problems faced by labor, current wages, labor demands, Organisation resources to meet the demands are discussed and finally decision would be arrived.


Related Solutions

How is forecasting used in supply chain management provide a specific example of a supply chain...
How is forecasting used in supply chain management provide a specific example of a supply chain management activity and the type of forecasting methods models that should be how is forecasting used in supply chain management provide a specific example of a supply chain management activity and the type of forecasting methods models that should be applied
I have a question regarding supply and demand in microecconomics. For example, when there is population...
I have a question regarding supply and demand in microecconomics. For example, when there is population growth, does demand shifts to right? and when gas price increases, does it affect supply or demand? also, does supply shifts to left due to iincreased gas price? Please let me know as soon as possible.
Inventory and supply chain management
Inventory and supply chain management
Provide a personal decision tree example
Provide a personal decision tree example
please provide information about the Federal Reserve Bank and its management of the money supply in...
please provide information about the Federal Reserve Bank and its management of the money supply in the United States. How does the Federal Reserve manage the money supply in the United States? What actions does it take to increase and decrease the money supply? Include information about monetary policy and fiscal policy. Please do not plagiarise. Please answer all sections of the question.
what is a intuitative decision making model?provide an example of a decision being made by using...
what is a intuitative decision making model?provide an example of a decision being made by using this model
Give an example of a capital budgeting decision, capital structure decision, and a working capital management...
Give an example of a capital budgeting decision, capital structure decision, and a working capital management decision.
I need someone to clarify one confusion to me , its regarding operations management. can someone...
I need someone to clarify one confusion to me , its regarding operations management. can someone explain the 3 strategies in aggregate capacity management in alot of details ( like 500 words) so I can understand about it more. the three strategies are (level, hybrid, and chase)
Why is supply chain management and inventory control important to retailers?
Why is supply chain management and inventory control important to retailers?
Should decision management and decision control be separated? As part of your discussion, provide a real-world...
Should decision management and decision control be separated? As part of your discussion, provide a real-world example (or provide a fictitious example) of a firm where the control (correctly) resides with the same individual as well as an example of a firm where the control is (correctly) separated.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT