EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 1, Problem 10PA
Summary Introduction
Interpretation:Impact and challenges posted on operations management by a friction-free economy.
Concept Introduction:The ideology of friction-free economy was first brought under the spotlight by a much known personality in the field of information technology. According to him, internet style electronics would continue to lower the frictions in the economy in the times to come. Accordingly, a friction-free economy is one that has no or minimal barriers with regard to economic operations at global level.
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- Many organizations offer a combination of goods and services to their customers, there are some key differences between production of goods and delivery of services. What are the implications of these differences relative to managing operations?arrow_forwardThe three-sphere system management concept is explained here. Avoid citing textbooks.arrow_forwardHi, I need help finding the answer to this Operations Management word problem. Thanks!arrow_forward
- You are the newly appointed operations manager for a local manufacturer of jeans for men and women. Previously, there was no proper management of the department and you intend to correct this by revamping the layout and flow of manufacturing. You also intend on improving the reliability of the operations processes. You need to explain to your new operations team several important concepts related to operations management. 1.1.Describe the operations transformation model to your team. 1.2.Explain the components of the model and apply each to the jeans manufacturing process.arrow_forwardOperations Management In a world of collaboration, there is shared vision via the development of a relationship and exchange of information. You are required to discuss what collaborative advantage is. (200 words only)arrow_forwardWhat is the importance of good ethics in Operations Management? Cite at least three of ethical issues may be experienced in Operations Management. What recommendation can you give to make Ethical behavior be an integral part of Operations Management.arrow_forward
- Name the ten (10) critical decision areas of Operations Management and discuss them with your significant learnings/insights you may have.arrow_forwardOperational practices namely Total Quality Management(TQM) and Just-In-Time(JIT)are among operational practices that can be considered as an instrument to improve organizational performance. Discuss how JIT and TQM practices in both manufacturing and service industry individually and jointly impact organizational performance. Use credible sources to support your justifications or arguments and cite accordingly.arrow_forwardOperational practices namely Total Quality Management (TQM) and Just-In-Time (JIT) are among operational practices that can be considered as an instrument to improve organizational performance. Discuss how JIT and TQM practices in both manufacturing and service industry individually and jointly impact organizational performance. Use credible sources to support your justifications or arguments and cite accordingly. Provide with reference.arrow_forward
- Review job postings from various sources for management positions that are available for operations management graduates. Summarize the responsibilities of these positions.arrow_forwardPolicies and standards are tools of governance and management, whereas procedures and guidelines fall within the purview of operations. Help a student who is unfamiliar with IT by explaining the principles behind the recommended practices and processes.arrow_forwardWhat is your favorite topic in Operations Management, And why?arrow_forward
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