DSME 2030 Operations Management Introduction to Operations Management Sean Zhou CUHK Business School CUHK DSME 2030 Page 1 Why is so Successful? Founded in 1971‚ based in Memphis‚ Tennessee‚ with $44.3 billion annual revenue in 2013 Serve 220 countries and regions‚ 300 thousand employees Deliver 3.4 million packages daily with 654 planes and 43‚000 trucks Multiple divisions/operating units: FedEx Express‚ FedEx Ground‚ FedEx Freight‚ FedEx Services Fast and reliable On-time
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Should the manager let the teammates leave? Mr. C (the manager) joined the ‘H’ company on Jun‚ 2009. ‘H’ company is a big group company in the chemical fiber industry in China. ‘H’ Company is a private family company and it has 5 factories located in different province in China. Altogether ‘H’ company has more than 5‚000 employees. ‘H’ company uses the raw material cotton linter to produce cotton pulp and then sell the cotton pulp in China. Nearly 80% of the raw material cotton linter was purchased
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CHAPTER 22 The Costs of Production Topic Question numbers ___________________________________________________________________________________________________ 1. Costs: explicit and implicit 1-9 2. Profits 10-23 3. Short run versus long run 24-31 4. Law of diminishing returns 32-55 5. Short-run costs 56-157 6. Long-run costs 158-193 Last Word 194-196 True-False 197-210 ___________________________________________________________________________________________________
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biggest opportunities facing new managers entering industry?’ In today’s economic condition that always changing‚ very complex challenges and opportunities are facing new managers when entering workplace in any sectors of company. The new managers who are looking for jobs in the market are either experienced or fresh graduates. It is important for them to have competency and set of skills‚ as globalisation and competitiveness continue to grow. Thus‚ managers have bigger responsibilities in blending
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Modern industrial food production’s advantages over prior methods are largely based on modern cheap‚ fast transport and limited product variability. But transport costs and delays cannot be completely eliminated. So‚ where distance strained industrial suppliers’ reach‚ where consumers had strong preference for local variety‚ farmers’ markets remained competitive with other forms of food retail. Recently‚ consumer demand for foods that are fresher (spend less time in transit) and foods with more variety—has
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The Modern Manager The classic management approach mostly involves the meeting of needs and wants between the people working and the consumers. This is the management that is common for the people to do physical labor. In this way‚ the classic manager is responsible mostly in making these needs and wants of the people. He also has the authority over someone to meet his purpose as a manager. During this time‚ there is no clear distinction between a manager and a leader; wherein sometimes these
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DRIVE WINTER 2013 PROGRAM/SEMESTER MBADS (SEM 3/SEM 5) MBAFLEX/ MBAN2 (SEM 3) PGDOMN (SEM 1) SUBJECT CODE & NAME OM 0010 - OPERATIONS MANAGEMENT BK ID B1232 CREDITS & MARKS 4 CREDITS & 60 MARKS Question 1 : Write short notes on : Operations as Transformation Systems : Answer : Operational transformation is a technology for supporting a range of collabouration functionalities in advanced collabourative software systems. OT was originally invented for consistency maintenance and
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varying roles and functions of a manager‚ all managers have the same fundamental functions that ensure the business runs as efficiently as possible.There are four areas that a manager deals with in the functional areas of any business. These four areas are controlling‚ leading‚ organizing‚ and planning.( Bateman ) It is important to realize that the role of control for a manager is not negative in nature. In the functional areas of a business‚ control means that a manager is making sure that all areas
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COMPUTER PRODUCTION MVC Enterprises can manufacture four different computer models; the Student‚ Plus‚ Net‚ and Pro models. The following gives the configurations of each model: | STUDENT | PLUS | NET | PRO | Processor | Celeron | Celeron | Celeron | Pentium | Hard Drive | 20 gb | 20 gb | 20 gb | 30 gb | Floppy Drives | 1 | 1 | 2 | 1 | Zip Drives | Yes | Yes | No | Yes | Audio/Video | CD R/W | DVD | DVD +CD R/W | DVD +CD R/W | Monitor | 15” | 15” | 17” | 17” | Case | Tower | Mini-Tower
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A product manager investigates‚ selects‚ and develops products for an organization‚ performing the activities of product management. A product manager considers numerous factors such as intended demographic‚ the products offered by the competition‚ and how well the product fits with the company’s business model. Generally‚ a product manager manages one or more tangible products. However‚ the term may be used to describe a person who manages intangible products‚ such as music‚ information‚ and services
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