Question

our paper should include at least three headings, one for each of the managing areas. For each managing area, o Describe the feasibility analysis used and why this analysis was chosen o Describe the tools used in Excel to perform the analysis

Answer 1

The answer to this question is given below. It is configured in table.

Particulars	Key areas in Operations Management (four headings)
Design of a new Product/Service	Demand Forecasting	Management of Supply Chain	Delivery Management
Managing areas	Creates new product idea	Predicts consumer demand	Maintains inventory of raw materials	Ensures timed delivery of finished product
Feasibility analysis used	Financial Feasibility Analysis	Market Feasibility Analysis	Operations Feasibility Analysis	Technical Feasibility Analysis
Reason	To meet the goal within the available financial constraint	To assess the demand potential of the new product	To maintain a ready stock of raw materials	To assess if the technology used in delivery processing is efficient.
Tools used in Excel	To prepare Cost benefit analysis, SUM(), NPV, IRR	=frequency(), R2	=SUM(), =SORT(), =RANK()	=frequency(), R2