OPERATIONS MANAGEMENT 1. Supplier Us Customer Raw materials Transforming Work in progress inventory Transformation Finished goods inventory Customer Codex 25000D1‚ 18 dollars (Notes and Problems). Assignment 1‚ 2 make for 15%. Midterm make for 35% and the Assignment 3 for 10%. Finals make up for 40%. Assignments handed in at the beginning of sessions 5‚ 7 and 12. Value added: Inputs Transformation process Outputs. How do we increase value to the product. A lot of things
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World Academy of Science‚ Engineering and Technology 36 2009 Maintenance Management System for Upstream Operations in Oil and Gas Industry: Case Study paper explores the plant maintenance management system that has been used by giant oil and gas company in Malaysia. The system also called as PMMS used to manage the upstream operations for more than 100 plants of the case study company. Moreover‚ from the observations‚ focus group discussion with PMMS personnel and application through simulation
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1.0 INTRODUCTION Operations management is defined as “the activity of managing the resources which produce and deliver products and services” (Slack et al. 2010 p4). This encompasses the entire activity carried out within the organization. With increasing pressure on organizations to deliver optimally at reduced cost‚ the role of operations has been transformed from that of strategy implementer to one of strategy driver. Operations strategy looks at the patterns of strategic decisions and actions
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SYNOPSIS UNICON CONCRETE PRODUCTS (H.K.) is a part of ITC (International Tak Cheung) Holdings Ltd. The company manufactures Precast Concrete Products: Facades‚ Slabs‚ Stairs and Partitioning Walls These are used in large‚ high-rise Residential‚ Office & Industrial complexes. Largest chunk of Unicon’s sales (app. 80%) –HKHA. Hong Kong is an important center for economic activity in Southeast Asia‚ an economic gateway to People’s Republic of China (PRC) and has world’s largest container port
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Less fresh water will be available. Species that depend on one another may become out of sync. For example‚ plants could bloom earlier than their pollinating insects become active. Natural calamities and disaster would occur at lesser frequencies and with more destructive power. Hurricanes and other storms are likely to become stronger. Severe heat waves would lead to death of millions of people all around the world. While the idea of swimming in a warmer ocean is pleasant to most human beings
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100 (18/101) = 17.82% | | April | 96 | 101 | 5 | 100 (5/96) = 5.21% | | May | 89 | 96 | 7 | 100 (7/89) = 7.87% | | June | 108 | 89 | 19 | 100 (19/108) = 17.59% | | | | | | 49 | | | 48.49% | | Naive outperforms management. 4.27 | Winter | Spring | Summer | Fall | 2004 | 1‚400 | 1‚500 | 1‚000 | 600 | 2005 | 1‚200 | 1‚400 | 2‚100 | 750 | 2006 | 1‚000 | 1‚600 | 2‚000 | 650 | 2007 | 900 | 1‚500 | 1‚900 | 500 | | 4‚500 | 6‚000 | 7‚000 | 2
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INTRODUCTION Knowledge management is systematic management of intellectual capital and organizational knowledge as well as the associated processes of creating‚ gathering‚ organizing‚ retrieving‚ leveraging‚ and using intellectual capital for the purposes of improving organizations and the people in them. Through these processes‚ organizations capture and store data and information in a central or distributed electronic environment—often referred to as a knowledge base. Knowledge management involves an intentional
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How the Leather Industry Handles a Specific Operations Management Issues Operations management is the field which is concerned with organizing and executing physical and technical activities of a firm. These actions are conducted by a combination of raw materials and processing or assembling the various components‚ using the services of workers‚ machines‚ tools and power. It is a typical integration of many different functions. Operations management plans normally include instructions in principle
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In order for Peter to achieve his objectives for purchasing and inventory management we must closely study the issues of inventory level review‚ holding costs and safety stock. Holding cost is money spent to keep and maintain a stock of goods in storage. It is largely recognised that a healthy holding stock figure is between 25% and 33.33% of material costs. Peter has holding costs of 21% which is just touching on a fifth of Danker’s materials cost. Now we could take this to mean that Peter therefore
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VIDEO CASE 9: PRODUCTION AND OPERATIONS MANAGEMENT OF GOODS AND SERVICES Ball Company Name: Ksenia Tarasova 1. What is the situation with manufacturers in your area? Are they firing workers or hiring more? What are some of the environmental factors affecting local plants? The Lansing region is an important notch in the Midwest manufacturing belt. Lansing’s downtown area continues to undergo a facelift that began in the late 1990s. Loft development is bolstered by grant monies if certain
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