Mylab Operations Management With Pearson Etext -- Access Card -- For Operations Management: Sustainability And Supply Chain Management (13th Edition)
13th Edition
ISBN: 9780135225899
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Question
Chapter 1, Problem 1.1VC
Summary Introduction
Case summary:
FL Company produces potato chips. The firm has 38 plants around the U Country and over 48,000 employees are working for the firm. The company focuses more on the firm operations, from product designing, meeting changing consumer preferences, adjusting changing consumers’ costs, quality,
FL Company quality inspection begins at the farm in procuring potatoes and continues the inspection till the final product is packed and dispatched to the market. FL Company would make sure that they have a proper product mix, effective maintenance and quality inspection to be done.
Characters in the case:
- Company FL
To determine: How decisions of operations management are applied in FL Company.
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Question 2:
Discuss the 4-Vs model of the Operations that characterize any “OPERATIONS” in any organization, then describe how the low cost positioned at each of the 4-Vs dimensions of the Operations. Support your answer with related examples.
Briefly describe the term operations management. (Own words please)
2. The Ashton Furniture Company manufactures coffee tables and chest of drawers. Last year the company's
cost of goods sold was $3,700,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures,
work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its
average inventory levels for a 52-week* business year were as follows.
Raw Materials
Oak
Pine
Brass fixtures
Stains
Joiners
Work-in-Process
Frames
Drawers
Panels
Chests
Tables
Finished Goods
Chests
Coffee tables
*1 week = 7 days
Average Inventory
8000
4500
1200
3000
900
200
400
600
120
90
300
200
Unit Cost
$6
4
8
2
1
$30
10
50
110
90
$500
350
Formula:
Inventory turns = Cost of goods sold / Average aggregate value of inventory
Days of supply = Average aggregate value of inventory / (Cost of goods sold / total days)
Question:
Determine the number of inventory turns and the days of supply for the furniture company.
Chapter 1 Solutions
Mylab Operations Management With Pearson Etext -- Access Card -- For Operations Management: Sustainability And Supply Chain Management (13th Edition)
Ch. 1 - Prob. 1EDCh. 1 - Prob. 1DQCh. 1 - Identify four people who have contributed to the...Ch. 1 - Briefly describe the contributions of the four...Ch. 1 - Figure 1.1 outlines the operations,...Ch. 1 - Prob. 7DQCh. 1 - Identify the 10 strategic operations management...Ch. 1 - Prob. 9DQCh. 1 - Prob. 10DQCh. 1 - Prob. 11DQ
Ch. 1 - Mass customization and rapid product development...Ch. 1 - What are the five reasons productivity is...Ch. 1 - Prob. 14DQCh. 1 - Prob. 2DQCh. 1 - Prob. 1PCh. 1 - Prob. 2PCh. 1 - This year, Donnelly, Inc., will produce 57,600 hot...Ch. 1 - Prob. 4PCh. 1 - Prob. 5PCh. 1 - George Kyparisis (using data from Problem 1.6)...Ch. 1 - Prob. 8PCh. 1 - Browns, a local bakery, is worried about increased...Ch. 1 - Prob. 10PCh. 1 - Prob. 11PCh. 1 - Charles Lackey operates a bakery in Idaho Falls,...Ch. 1 - Prob. 15PCh. 1 - Prob. 16PCh. 1 - Prob. 7PCh. 1 - Prob. 13PCh. 1 - Prob. 14PCh. 1 - Prob. 17PCh. 1 - Prob. 1CSCh. 1 - Prob. 2CSCh. 1 - Prob. 3CSCh. 1 - Prob. 1.1VCCh. 1 - Prob. 1.2VCCh. 1 - Prob. 1.3VCCh. 1 - Prob. 2.1VCCh. 1 - Prob. 2.2VCCh. 1 - Prob. 2.3VCCh. 1 - Prob. 3.1VCCh. 1 - Prob. 3.2VCCh. 1 - Prob. 3.3VCCh. 1 - Prob. 3.4VC
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- Subject: operations researcharrow_forwardWhat are some current problems with Walmarts supply chain and how can Walmart fix or improve? Also what operations management problems can be explored? Please no plagiarism.arrow_forward5. Slide 5: Process Strategy• Identifies the process strategy used by the company (Walmart).• Explain the main types of processes used in company operations.arrow_forward
- Question 11 Which best describes an operation that penetrates an existing market with a lower cost alternative within a short amount of time? Group of answer choices a. Product/service imitator b. Product/service innovator c. Focused operation d. Mass customization e. Unfocused operationarrow_forward2. Define the term operations management. Briefly explain the strategic role of operations.arrow_forwardBriefly describe Historical summary of operations management?arrow_forward
- Part 1. Assessed PLO: To recognize the contribution of operations management to an organization’s strategic goals Q1. List 6 ways in which poor operational performance can impact the overall success of the company. When there is poor operational performance involved in a companies management Q2. Give examples of factors influencing capacity, using the six categories presented in class. Q3. Give one example of operations management strategic goals in each four categories using the BSC template, including the goals, measures, targets and initiativesarrow_forwardTopic: Decision Modeling & Operations Management Define the term 'service capacity. Briefly summarise why 'services' cannot be stored as physical inventory. Using examples, explain how changing customer expectations can create a 'challenge' in Operations Management.arrow_forwardQ1) Describe the fundamental concept of Operations management with the help of relevant examplesarrow_forward
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