How would you determine whether a company has an operations and supply chain strategy? What specific questions would you ask, and what information would you gather?
Q: Explain what is meant by operations management in general
A: Operations management is the administration of the organization's numerous operations. The…
Q: Why are operations and products important in business management? Could you provide an example?
A: Management of a business and taking care of its needs is something which is very necessary to keep…
Q: Describe the fundamental concept of Operations management with the help of relevant examples…
A: Operations Management: Operations management is an area of management worried about the design…
Q: Discuss what is variety and variation in operations management?
A: Variety is a concept that is based on a product's capacity for rapid adaptation.
Q: what role would an Operations Manager play in the strategic planning at an organization
A: Strategic management can be distinct as a continuous course of planning, supervising, assessing,…
Q: Explain the two main competitive dimensions with respect to product delivery in operations strategy
A: To be determined: the two main competitive dimensions with respect to product delivery in operations…
Q: WHAT are OPERATIONS AND SUPPLY CHAIN STRATEGY?
A: The operations and supply chain strategy is the broad set of policies and plans to ensure that the…
Q: Explain how the operations manager enhance ratio of outputs to inputs
A: Operations managers are in charge of implementing organizational efficiency within a business in…
Q: What Is Operations and Supply Chain Management?
A: Operations can be defined as the method or process of managing the business in an effective and…
Q: Describe a possible operations mission that fits the following business situations:a. Ambulance…
A: Below are unit samples of doable missions for varieties of operations and supply chains and their…
Q: Explain what operations management is and why is it so important for an organization such as hard…
A: Hard Rock Cafe Inc. is a food administration, friendliness, and gaming business initially centered…
Q: Briefly describe the term operations management. (Own words please)
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: What are the implications for operations management with respect to the following organizational…
A: Numerous factors are available under operations management, which helps the customer decide their…
Q: Describe the features of focused operations?
A: Operation management in an organization aims at providing the highest efficiency possible. It…
Q: What are the reasons for formulating and implementing an operations and supply chain strategy
A: Many businesses believe they do not need to consider their supply chain plan. However, having a…
Q: Explain how a distinctive competence in operations can be the basis for competition in the company?
A: Distinctive competence in operations is very crucial and important. Operations are the back end team…
Q: What are the major priorities associated with operations and supply chain strategy? For each major…
A: There are some major priorities associated with operations and supply chain strategy: cost, quality…
Q: What steps can an operations manager take to improve productivity in their organizations?
A: The steps that an operation manager can take to enhance the productivity in their organization are…
Q: Discuss the differences between utilization and efficiency as measures of system performance. Which…
A: Utilization measures the effectiveness of operations of a product or service.
Q: What does a supply chain mean? What is the relationship between the supply chain and operations…
A: Production is the process of transforming the raw inputs into finished products and services for the…
Q: Why does the correct operations and supply chain strategy for world-class rivals keep changing?
A: It's important for a company to be able to adapt rapidly to shifts in demand in today's competitive…
Q: Do you see a difference in operations in manufacturing and services
A: Operations are the set of activities that are concerned with designing and controlling the…
Q: Describe which are the reason for formulating and implementing a operation and supply chain…
A: The management of organizational processes within a firm with the purpose of boosting efficiency is…
Q: How and where do operations save money for the business?
A: The primary goal in accounting is to reduce the company's costs. Controlling the operation's costs…
Q: Given a business strategy of being the word leader in manufacturing electric cars with innovative…
A: BYD is Chinese industrial of electric vehicles particularly the passenger car. It must adopt a value…
Q: Discuss how the operations manager can improve the output to input ratio.
A: The company utilises operational methods to maximise efficiency. Its objective is to convert time…
Q: Explain how can the operation manager enhance the ratio of output to inputs?
A: The organization utilizes operational processes to attain maximum efficiency It aims to transform…
Q: Why does the “proper” operations strategy keep changing for companies that are world-class…
A: Operations strategies are the strategies or guidelines set for performing or implementing internal…
Q: What is the impact of operations management on the competitive advantage of the organization?
A: Operations management can be referred to as the function in business which helps in managing the…
Q: How does the work of an operations manager differ from the work of a marketing manager or a finance…
A: Operations management is a management field that deals with the design and control of the production…
Q: How often should a company develop and refine the operations and supply chain strategy?
A: Operations and supply chain strategy helps to set the broad policies and plans for the optimal use…
Q: 1. Consider amazon.com, whose Web site enjoys millions of “hits” each day and puts customers in…
A: Amazon is an E-commerce brand spread in all countries and in the worldwide nation. This E-commerce…
Q: What does it mean to be a full-service supplier? What are the advantages of partnering with…
A: A complete service supplier can deliver a broad range of services, such as access to design,…
Q: Discuss how can the operations manager enhance the ratio of outputs to inputs ?
A: The ratio of outputs to inputs controls the supervision of the production system. It is a…
Q: Discuss why should one study operations management
A: Operational management is the technique in which production, production and service delivery are…
Q: Discuss how the operations strategies and decision fulfill the needs of the business and add a…
A: Operations planning is crucial to a business's performance since it organizes, regulates, sets…
Q: What is the role of operations managers?
A: The application of operations management's elementary principles, to the production of services,…
Q: Explore the websites for several competing companies on the Fortune 500 list. Based on the…
A: fortune magazine compiles the Fortune 500 list on an annual basis. It contains a list of the top 500…
Q: Explain how are the limitations of a firm's operations strategy determine?
A: Before the start of production, the firm's operating strategy is developed. Before implementing any…
Q: Identifies four global strategic choices for operations and explains them?
A: Strategy is the set of activities or plans that help the company to accomplish the desired objective…
Q: Why do you think it is important to study operations management? Use an example from your work…
A: Operations management is the process of planning, controlling and supervising the manufacturing and…
Q: Describe what are trade off and how to operations performance objectives trade off against each…
A: The importance of performance measurement arises from its ability to compare the performance of an…
Q: What is a break even analysis in operations management ?
A: Fixed costs are long-term investments in fixed assets such as the cost of the land, machinery, and…
Q: Discuss whether any other firms have a market influence in operations management
A: A value chain for which there is an only seller supplying a one-of-a-kind product. The vendor is…
Q: Explain the scope of production and operations management in your own words.
A: Production management can be defined as a division of management concerning itself with the…
Q: State a company as an example and explain the operations strategy of its winning its customers
A: Every company has lots of activities going in it for catering to customer's needs. These activities…
How would you determine whether a company has an operations and supply chain strategy? What specific questions would you ask, and what information would you gather?
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- What is Operations Management for Service Providers?How would it be possible for an organization to use outsourcing to gain a competitive edge on competition? Provide some examples of companies that have gained competitive advantage by outsourcing IT operations.What are the components of an operations strategy, and how do they contribute to the company's practical strategies?
- What are the considerations involved in making the decision to provide services in-house or to outsource the service? What is ideal?What is the role of Operations Analyst?Operations Management - Make a strategic sourcing process utilizing the hospitality/tourism industry operations. How to source products/materials used in the operation of the said department which is the (HOUSEKEEPING DEPARTMENT) Follow the strategic sourcing process from the video. https://youtu.be/oYxxp7yh8Ls
- Pick a company (and its value chain) that you are familiar with and describe its operations strategy and how it relates to winning customers. Describe specific activities used by the company that support the strategy.What activities are involved in the operations function?How does operations interact with other functional areas?How does one go about selecting the model of the system that is most suited to their needs?