An Assignment On Operation Management Essay - 3566 Words

An assignment On Operation Management Submitted by: Submitted to: Date of submission: Table of Contents Executive Summary: 3 Introduction: 4 WH Smith 4 Reasons for selecting WH Smith as the selected organization: 4 1.1 Importance of operation management: 4 1.2 Operation management of an organization: 5 1.3 Process model for operation management: 6 2.2 Importance of Three E’s: 6 Economy: 6 Effectiveness: 7 Effectiveness: 7 2.2 Impact of tension on cost and quality: 7 2.3 Significance of five performance objectives: 7 Reducing Cost: 7 Digitalization: 7 Reaching More Customers: 7 Promotional Campaign: 8 Focusing on efficiency: 8 3.1 Linear programming that adds value to the production process: 8 Utilization of Linear Programming is WH Smith operation: 8 3.2 Critical path analysis and networking plan: 8 3.3 Need for operational planning and control: 9 4.1 Operational outcome of an organization: 9 Drawing in more number of customers: 9 Drawing in teen customers: 9 Making the items effortlessly accessible: 9 4.2 Network plan that produce the critical path: 9 EARLIEST START TIME 11 LATEST FINISH TIME 12 THE CRITICAL PATH 12 THE FLOAT 13 4.3 Quality management that applied to improve operation: 14 Conclusion: 14 Bibliography: 15 Executive Summary: Operations management is a territory of management concerned with administering, planning, and controlling the methodology of generation and overhauling business operations in the creation of merchandise orShow MoreRelatedOPERATIONS MANAGEMENT ASSIGNMENT8173 Words   |  33 Pages LEADSTAR COLLEGE OF MANAGEMENT AND LEADERSHIP TUTOR MARKED ASSIGNMENT (TMA) FOR OPERATIONS MANAGEMENT ASSIGNMENT WEIGHT: 50% STUDENT NAME Abreham Kelile Kaba ID LMBA0013/2014 BACTH 1ST Part I: Multiple Choice Questions (1 point each) Choose the best answer from the following Questions _C__Q1.One advantage of Just-in-Time (JIT) Management of stock is _____a. It reduces the need to plan and organize _____ b. it removes the need for delivery Quality Control _____ c. it reduces the cost of holdingRead MoreOperations Management Assignment3639 Words   |  15 PagesOPERATIONS MANAGEMENT MGCR 472 ASSIGNMENT # 1 (Total 100 points) Due on 7th October (Thursday) by 5pm Make sure to write the name, student # and section # for each student in the group on the cover page of the assignment 1. Suppose you/your group is the owner of a company that produces e-readers. The present production rate is 1000 e-readers /day and the selling price is $210/unit. It requires 200 workers working 8 hours/day to produce the e-readers and they are paid $20/hour. The materialRead MoreOperations Management Assignment1609 Words   |  7 PagesQuestion 1: a) Learning curve equation: Y(u) = au-b u | Y(u) | Ln(u)x | Ln(Y(u))y | x2 | xy | 13 | 276 | 2.565 | 5.620 | 6.579 | 14.415 | 29 | 198 | 3.367 | 5.288 | 11.337 | 17.805 | 41 | 171 | 3.714 | 5.142 | 13.794 | 19.097 | 71 | 137 | 4.263 | 4.919 | 18.173 | 20.969 | 127 | 107 | 4.844 | 4.673 | 23.464 | 22.636 | | Sum: | 18.753 | 25.642 | 73.347 | 94.922 | x = 18.7535 = 3.751 y = 25.6425 = 5.128 m = 594.922-[18.75325.642]573.347-(18.753)2 = -0.415 c = 5.128 – (-0.415)(3Read MoreOperations Management Assignment2347 Words   |  10 PagesTable of Contents Case: Operations Management at Toyota 2 Conclusion 3 Case: Southwest Airlines Operation Management 3 Background: 3 Analysis of operation Management: 4 Conclusion 6 References: 7 Southwest Airlines Operations - A Strategic Perspective 7 â€Æ' Case: Operations Management at Toyota Toyota is among the leading automobile manufacturers of the world selling almost 9 million models at all the five continents. Toyota has been awarded a position in the top 10 fortune global 500 enterpriseRead MoreOperation Management Assignment-CDS1724 Words   |  7 Pages Operation Management Assignment Liu Zhenya(Harry) 2014.2.26 Words[1724]Question1: Why is operations management important in this company ?Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization (Stevenson, W. J., amp; Hojati, M., 2007). TheRead MoreOperations Management Assignment - Mba 5021560 Words   |  7 Pagesefficiency with a standardized procedural approach using the single stage process instead of the before used multiple stage process. (Course Virtual Source) Each department manager deals with multiple stage processes in regards to the inventory management which starts from taking inventory, ordering the products, receiving the products, storing the products, and placing the products on the sales floor. The use of a single stage process would be more convenience and consistent with the counterpartRead MoreOperation Management Assignment : Make or Buy Decision2928 Words   |  12 Pagespracticed in the company is further investigated. By and large, this paper focuses on the central knowledge related to the make-or-buy decision. It is imperative for the decision makers to understand the process prior to their involvement in the operation managements. Awareness of such knowledge is paramount to the businesses, in order to achieve a competitive and efficient business strategy. 1.0 Introduction In our contemporary society backed by commercialization and the drive of profit-driven marketsRead MoreBus 599 Assignment 3 : Operation, Technology, and Management Plan1535 Words   |  7 PagesBUS 599 Assignment 3 : Operation, Technology, and Management Plan To Buy this Class Copy paste below link in your Brower http://homeworkregency.com/downloads/bus-599-assignment-3-part-1-operation-technology-and-management-plan/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 599 Assignment 3 : Operation, Technology, and Management Plan Assignment 3 Part 1: Operation, Technology, and Management Plan Due Week 8 and worthRead MoreAH531 Financial Management Week 1 Assignment Statement of Operations and Financial Statements11756 Words   |  8 Pagesï » ¿ Statement of Operations and Financial Operations Crystal A. Dilliard Grantham University AH531 Healthcare Financial Management Professor Keith LaPrade April 7, 2015 Statement of Operations and Financial Operations 1. List several efforts that have been enacted by payors to control costs. Several efforts have been enacted by payors to control costs. Many agree healthcare reform and controlling health care costs began as early as the 1960s, when federal funded Medicare, and federal andRead MoreAssignment on a Study on Aktel; Comparison with Grameenphone. Course Title: Operation Production Management.4478 Words   |  18 Pagesmillion as of February 2009). In terms of earning profit, Aktel was the second position in 2008 secured 3rd place in market position. It is the first mobile phone operator in the country to give GPRS service to the subscribers. Aktel launched its operation on the 15th November 1997 in Dhaka and on 26 March 1998 in Chittagong. Aktel started its journey with the earnest efforts of late Mr. Zahir uddin khan. Now Aktel stake is being shared by telecom Malaysia, Axiata, Docomo along with A.K.Khan. Though