Introduction to operations management Learning outcomes After reading this chapter you will be able to: ➜ Define what is meant by operations management ➜ Understand the nature of operations within an organization ➜ Explain what an operations manager does and the role he/she plays in an organization ➜ Discuss the similarities and differences between the manufacturing and service sectors of the economy ➜ Explain the similarities and differences between customer processing operations‚ materials processing
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KAIZEN SCHOOL OF BUSINESS MANAGEMENT MARKS: 80 COURSE: _______ SUBJECT: OPERATION MANAGEMENT N.B: 1} Attempt all the questions 2} All Questions Carries Equal Marks Name:___________________ Reference Number: ________________ Case – 1 OM IN SNACKS Let’s say that you decided to go for some snacks with your friends. Among many options‚ you can go to a roadside thela (cart)‚ a snack joint like are Udipi restaurant or some restaurant which serves many things including full meals‚ to name few of
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is with great pleasure to be writing this proposal to a person behind the success of many activities conducted by the school. Last Saturday‚ June 20‚ 2013‚ the Future Business Leaders Association conducted a meeting in regards for the election of new set of officers and the presentation of project plans for the organization. The officials and members of the FBLA agreed upon to contribute a certain amount of membership fee. Since then‚ the association needs funds to perform its necessary responsibilities
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An operations strategy focuses on specific capabilities of the operation that give the company a competitive edge. Factors used in developing an operations strategy includes: Cost Competition is used when a company uses cost as a strategy by offering a product at a low price relative to the prices of competing products. Take for example: Wal-Mart‚ this company is cost competitive often outsourcing their labor to impoverished countries that are willing and able to make any product for mere pennies
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Seng Glass Pte Ltd which I am currently working at is dealing in construction business. The company was founded in 1979 by Jeffery Koh. The company has an annual turnover of $20 million and with total staff strength of 40 personnel. The company is a privately-held construction and engineering company. With the booming construction industry in Singapore and across the Asia region‚ there are many new buildings to be constructed in coming years and it brings good prospects to our company. However the
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Science and Technology IMPORTANT: YOUR ASSIGNMENT WILL NOT BE ACCEPTED FOR ASSESSMENT WITHOUT THE COVERING SHEETS! |Unit level: |Unit no: |Date of issue: |Lecturer: | |5 |34 |May15th‚ 2013 |Anthony Mensah | |Unit Title: Operation Management in Business
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Innovation is a very important function in an organisation it can improve quality of goods and services. Without innovation organisations can lose their competitive edge to competitors in the market every operation department in any organisation need to develop innovative products‚ services‚ process‚ designs and manufacturing processes in order to respond to customer requirement and improve services delivery of an organisation. African organisation need to integrate operation strategy with innovation
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Assignment 5 MBA 6400 Operation Twist “Operation Twist” is supposed to stimulate long term lending to increase home purchases by the consumers and long term assets (property‚ plants and equipment) purchases from the corporations. The FED’s hope was that this program will help boost the real estate market as more and more consumers buy 30 year mortgages with lower interest rates. On the macro economic front‚ the corporations with long term low interest rates are expected to expand their business
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level of group good. How much effort each individual member of the group exerts will depend on his or her own benefits and costs‚ the efforts exerted by the other individual members of the group‚ and the technic that relates individual effort to outcomes. In the context of system of study group’s reliability‚ we can distinguish three prototypical cases. Total effort – Reliability depends on the sum of the efforts exerted by the individual member of the group. Weakest link – Reliability
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Question 1 DEFINE OPERATIONS MANAGEMENT AND DISCUSS ITS ESSENTIAL FEATURES AND THE IMPORTANCE/BENEFITS OF OPERATION PRIORITIES Introduction: Every organization is in business because it has products‚ services and in some cases a combination of the two (i.e. product and service)‚ that it offers customers as a solution to a particular need or want they have. This implies that‚ the very core business of every organization is to get these products and services readily available to customers‚ through
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