Operations Managment - 14673 Words

Key operations questions Chapter 1 Operations management âž ¤ What is operations management? âž ¤ Why is operations management important in all types of organization? âž ¤ What is the input–transformation– output process? âž ¤ What is the process hierarchy? âž ¤ How do operations processes have different characteristics? âž ¤ What are the activities of operations management? Chapter 2 Operations performance âž ¤ Why is operations performance important in any organization? âž ¤ How does the operations function incorporate all stakeholders’ objectives? âž ¤ What does top management expect from the operations function? âž ¤ What are the performance objectives of operations and what are the internal and external beneï ¬ ts which derive from excelling in each of them? âž ¤Ã¢â‚¬ ¦show more content†¦Both of these operating principles are still the basis of IKEA’s retail operations process today. Stores are designed to facilitate the smooth ï ¬â€šow of customers, from parking, moving through the store itself, to ordering and picking up goods. At the entrance to each store large notice-boards provide advice to shoppers. For young children, there is a supervised children’s play area, a small cinema, and a parent and baby room so parents can leave their children in the supervised play area for a time. Parents are recalled via the loudspeaker system if the chi ld has any problems. IKEA ‘allow customers to make up their minds in their own time’ but ‘information points’ have staff who can help. All furniture carries a ticket with a code number which indicates its location in the warehouse. (For larger items customers go to the information desks for assistance.) There is also an area where smaller items are displayed, and can be picked directly. Customers then pass through the warehouse where they pick up the items viewed in the showroom. Finally, customers pay at the checkouts, where a ramped conveyor belt moves purchases up to the checkout staff. The exit area has service points and a loading area that allows customers to bring their cars from the car park and load their purchases. Behind the public face of IKEA’s huge stores is a complex worldwide network ofShow MoreRelatedOperation Managment1062 Words   |  5 Pageslargest U.S. tool-makers are struggling to restructure. Blame the government, yes. But bl ame the industry, too. Questions 1. Write a brief report that outlines the reasons (both internal and external) for Burgmaster’s demise, and whether operations management played a significant role in the demise. 2. Do you think that inadequate strategic planning was a factor that resulted in the company’s asking for trade protection? 3. Can you think of a strategy that could have increasedRead Moreoperation managment Essay5907 Words   |  24 Pagesretailing formats was not only in response to the diversity of consumption patterns but also in reaction to changes in the socio-political environment. Concentration means that, given a retailing format (i.e., a set of involved participants whose operations are perceived as homogenous), participant companies have become larger in size and smaller in number. In 2005, the top two convenience-store retailers (i.e., 7-11 and Family Mart) owned store number more than 70 percent of the total store numberRead MoreThe Field Of Healthcare : An Context And Confines Of Any Health Care Institution1507 Words   |  7 Pages on the strategic planning of its leaders, or their risk and information managment, and so on. Every single of these principles is at work within the organizational culture of a successful healthcare organization (successful being the key word). 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Business need money for their day to day requirement which arises due to a time gap between their collections and payments.Read MoreQantas Business Report994 Words   |  4 Pagesmaximise their future financial performance by gaining a furthering understanding of their cost/revenue controls in order to create a margin of safety for creditors. Solvency/Gearing Solvency/Gearing refers to a business’ ability to continue its operations in the long term and is a measure of it financial stability. Rather than using the traditional debt to equity ratio airlines use a more complex ratio to show a clearer position of gearing. Simply, gearing is the ratio of the amount of debt financeRead MoreActivity Based Costing and Absorption Costing969 Words   |  4 Pagesresources available to support the new system or does the organization have enough expertise to design and train the organization for the new system. Although the ABC system can offer an organization a great level of detail into accounting for their operations, the benefits of this system does not always justify the expense in which it requires to implement. ssWorks Cited Martin, J., N.d.. Cost Accounting Systems and Manufacturing Statements. [Online] Available at: http://maaw.info/Chapter2.htm [AccessedRead MoreBusiness Management and Planning for Small Businesses1738 Words   |  7 Pagesï » ¿Quality Control Quality control represents the act of analyzing processes and monitoring operations to ensure that high quality standards are being met at all times. There are many statistical models that can be employed to ensure that the organizations operational objectives are being met. Furthermore, with the advantages of modern technology, these tools can also be used in a real time manner to monitor the quality on a perpetual basis. This can serve as the foundation in which management canRead MoreSupply Chain Design601 Words   |  3 PagesManufacturing Strategy Team Alpha will be discussing the Hangzhou facility in China and the many aspects of the supply chain design. The Hangzhou fan manufacturing plant uses a Level Strategy of production. The plants business is a make-to-stock operation in which the future demand for fans is forecasted based on taking the average of sales for the last three years and extrapolating it into the next year. The assumption in using this forecasting method is that history will repeat itself within manageable