...Using Teams in Production and Operation Management Brystal Stanfield Ransom Dr. Calvin Fogle BUS 508 Contemporary Business May 17, 2012 Using Teams in Production and Operations Management The Retail industry is a driving force in today’s local and global economy. Retail sales are so important because the sales are an important economic indicator. Consumer spending drives mush of our economy. When consumers are spending money, the economy thrives positively. The retail stores cannot keep inventory on the shelves and new merchandise is ordered causing production facilities to make more products and order more raw materials. If consumers don’t feel as secure about their finances, they spend less money and the economy slows down. This example shows how important retail business is to the economy. The Sherwin Williams Company is a major global retailer that will be discussed. This essay will analyze Sherwin William’s production and operations management system, evaluate the use of teams in its production and operations management system, and also discuss Sherwin William’s ability to adjust when the economy faces a downturn. Describe a major global corporation Sherwin Williams was founded in 1866, just one year after the Civil War ended. The founders of Sherwin Williams were Henry Sherwin and Edward Williams. Sherwin Williams is the largest paint and coating producing company in the United States. This company is also among the largest producers in the world. Sherwin...
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...Prepared For Sayeedul Karim (SDK) MGT 314.5 Prepared By Name: ID# Sadaf Islam 0930418030 Tarek- Al- Zobaer 1010052 030 Md. Saiful Islam 1010051030 Mushfique Enam Ratul 1010852030 Sabbir Islam 092195530 March 2, 2014 Activity | Predecessors | Normal Time | Crash Time | Max. Time Red. (NT-CT) | Cost Increase/Period | A | None | 7 | 6 | 1 | 200 | B | None | 12 | 9 | 3 | 250 | C | A | 8 | 6 | 2 | 250 | D | A | 6 | 5 | 1 | 300 | E | B | 1 | 1 | 0 | | F | C,D | 1 | 1 | 0 | | G | D,E | 3 | 1 | 2 | 200 | H | F | 3 | 2 | 1 | 350 | I | G | 2 | 2 | 0 | | AON Network Diagrams: C F H A D Start Finish I G B E From Start to Finish there are 4 paths Path Length of Path Start-A-C-F-H-Finish 0+7+8+1+3+0 19 Start-A-D-F-H-Finish 0+7+6+1+3+0 17 Start-A-D-G-I-Finish 0+7+6+3+2+0 18 Start-B-E-G-I-Finish 0+12+1+3+2+0 18 To find out the Total cost after crashing we have to follow some steps. They are: 1. Finding the critical path: After observing the length of path we can say that ‘A-C-F-H’ is the critical path because it will take the greatest time to complete. A-C-F-H 7+8+1+3 19 weeks 2. From the critical path, finding the lowest crash cost/week: We have the information that – Activity | Cost Increase/ Period ($) | A | 200 | C | 250 | F | - | H | 350 | So we can say...
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...dependency, variability impact throughput an average of 10/hour in each stage does NOT give you 10/hour at the end of the line. B. We achieve the service level by having more inventory or more capacity. C. Lean improve the performance by focus on reducing the number of steps. D. Six Sigma Methodology attempts to improve the performance by focus on reducing the variability in each stage. E. The combine effect of Lean and Six Sigma on performance improve the overall process by improving throughput. 2) The “end to end” processes in managing operations/supply chains are: a. Create >> Source >> Make >> Move >> Store >> Market >> Sell >> Return >> Service >> Dispose b. The “big picture” tradeoffs is important in managing operations because we can predict trends in supply and demand in order to optimize our strategy for asset management. In addition, focusing on having strong leadership in place in order to help everyone make long-term plans and be on the same sheet of music (interrelationship). Additionally, having strong leadership will help alleviate conflicting objectives and fix mis-aligned metrics. 3) The lessons learnt from the “Blue-Green” game are clear communication, trust between departments and goal alignment as a company. c. Every team worked to maximize its own points. What is good for the department is NOT good for the company. d. All teams have to look at...
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...Operations Management Assignment No. 3 Here I have chosen to monitor the bike of my friend to get an idea of the inventory management system in the day to day life. I have retrieved his data from last January and February to get some data factual for analysis. I have converted them to an excel sheet and have calculated the EOQ. Here from the calculation I have found that the frequency of refilling the petrol should be 8 times for 400 km whereas the actual filling was done for 6 times. From my point of view I would say that it was a fixed reorder quantity model, in which when the indicator reaches to show empty tank bike would fall into reserves and my friend would rush to fill petrol. Here I have assumed that whenever he finds the indicator at reserves he fills the tank, on the other hand he was having some quantity of petrol in the tank before 29th December 2012, retrieving data for which was impossible cause of unavailability of bills. So the modeling is involving the error for this much quantity of fuel in the tank and maybe that’s the only reason of deviation from 8 times to 6 times. Here I have assumed that within the range of 4 km he is getting the petrol pump and he’s filling petrol from that pump on an average but that location for an ease of the calculation I have kept constant. Here that location is kept constant because of one more reason that, maximum time the petrol being filled from that pump only as a habit of checking the fuel before going to any outing...
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...Programme OPERATIONS MANAGEMENT ASSIGNMENT OCTOBER 2010 – SEPTEMBER 2011 Sections: Page 1 Course Overview 2 2 Assignment topics 4 3 Writing up your assignment (Individual or Group) 7 4 Guide to approaching case studies 12 Class title Operations Management Credits 10 Class aims Operations Management refers to those activities which are more or less directly concerned with the creation and delivery of goods and services. The course is intended to give you a theoretical framework for thinking about operations in both manufacturing and service contexts and to describe some practical applications of operations management. In the course we will address key aspects of design, planning and control of operations systems, and to provide an understanding of the operations function in a global context. Learning outcomes Subject specific knowledge and skills including: • Understand the history of Operations Management as a subject and consider the challenges facing Operations in future with particular reference to service operations, value adding and sustainable competition. • Understand the need for an Operations Strategy to operate with a Business Strategy • Describe Operational strategies in terms of Fit, Sustainability and Risk • Assess the choices and trade-offs inherent in developing an operations strategy (assessment of alternative strategies) • Describe the nature of operations as an...
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...Master in Business Administration Module Assignment Title Assignment Type Word Limit Weighting Student Intake Operations Management Operations Management – Critical Evaluation of Relevant Issues Report 4000- 4500 words 50% Feedback Date Issued by (Assessor) Internal Verifier Plagiarism S M A Hashmi When submitting work for assessment, students should be aware of the LSBF guidance and regulations in concerning plagiarism. All submissions should be your own, original work. You must submit an electronic copy of your work. Your submission will be electronically checked. The Harvard Referencing System must be used. The Wikipedia website must not be referenced in your work. Harvard Referencing Scenario To use operations as a competitive weapon, organisations must use its resources effectively, in a way that satisfies its customers. Operations Management is said to be common responsibility of all managers irrespective of which function they are in. A manager needs to be aware of the overall operations of the organisation to contribute well to end to end process/processes. Your Task This assignment requires you to write a report on the operations management of a chosen organisation (preferably a medium sized firm). In the report you must: a) Identify the overall input, transformation and output operations of the firm b) Identify those major operation areas that are critical to the competitive advantage of the chosen organisation c) Critically evaluate the performance of each...
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...EDUCATION COURSE DESCRIPTION: The content of this course is intended as introduction to the field of production and operations management. Production Operation Management [POM] techniques were initially developed for manufacturing organizations. However, as time went on, non-manufacturing firms have to contend with problems similar to those encountered in the manufacturing sector. Consequently, the scope of POM has expanded to cover both manufacturing and service organizations. It includes topics such as productivity, competitiveness, strategy, forecasting, quality management, product and service design etc. Learning objectives 1. To understand and comprehend the production and operations management terminology. 2. To develop certain quantitative skills, competencies, and points of view needed by organizations involved in the Input, Transformation and Output process. 3. To be able to adequately produce written assignment reports on operations management processes. CLASS CONDUCT All reports of assignments should be submitted on time. Class participation includes attendance, in-class assignments and participating in class discussions. Late reports of assignments and/or Late-homework will not be accepted. Lateness and absences will affect your grade. RECOMMENDED REFERENCES ✓ Books on Production/Operations Management (recent editions) STUDENT EVALUATION: • Case study presentation ................................................
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...OPERATIONS MANAGEMENT : ASSIGNMENTS “Chandralok” is a canteen facility catering to all the students studying at the various institutions of the MIT Group. Students of the OM course are required to spend some time observing the operations of Chandralok , first hand , to enable them do the following 3 assignments, during the second term. Assignment No. 1 : Study the “Facility Layout“ of the canteen , from an operations management angle and answer the following. 1) Your comments on the existing layout. 2) Can the operations be improved with a change in the layout? How? 3) What are the constraints you find in implementing your suggestions for a layout change? Are they real? Are they surmountable? Assignment No. 2 : Study the segments catered to by Chandralok Canteen. Study the arrival pattern and the arrival rates of customers. Make a document of at least a days record, and answer the following. 1) How long does it take, on an average, to serve a customer? What factors does it depend on? 2) What will the average waiting time at the different slots / eating times? 3) What is the expected length of the queue? Any suggestions for reducing this? Assignment No.3: You are trying to introduce a special item, say Samosa, in the canteen’s menu. You know that it can be stored for sale only for about 8 hours from the time of making. Thus whatever not sold by evening is wasted. Observe the actual happenings over a few days (this activity can...
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...Acknowledgement We are very thankful to almighty “ALLAH” who has been instrumental in completing our assignment. First of all we would like to thank our teacher Mr. Maksudul Karim who has been very polite and helpful in giving us instructions and elaborately discuss of the key features of these assignment. I wish to thank my parents for their undivided support and interest who inspired us and encouraged us to go our own way, without whom I would be unable to complete my project. At last but not the least I want to thank my friends who appreciated me for my work and motivated me and finally to God who made all the things possible. Then comes our friends who have helped us giving ideas and lots of information, thoughts & made this project easy and accurate. Despite of their busy schedules they never ignored to help us. We will try to the best for this assignment. 01. Introduction: Every company has to perform some operation process, it is essential for big or small company. Without a operation system a company cannot go ahead. Operation management is the management of system or process that create goods or provide services. For any type of goods or services need the operation process. Operation management may be defined as managing the resources required to produce the product or services provided by a organization. Company Profile. Rubiaya Knitwear Ltd. Basically they produce T-shirt .It is 100% export oriented garments. They export most of their product in...
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...pp.86) All operation managers are designers of the products and operation management is an activity that manage resource which is devoted for production and delivery of products and services. Additionally (Slack et al, 2008) lecture notes of I G Perera. ‘It is about the way in which organisations produce goods and services.’ The below assignment will show how IKEA’ operations management has made IKEA to one of the most successful furniture retailer in the world. The assignment is divided into three parts. The first part will analyze the elements of IKEA and operation management. The second part will identify the main V’s used by IKEA and design process. The third part will identify how IKEA has met customer needs and will explain how the business objectives of IKEA is met. At the end, recommendations for IKEA will be provided and a conclusion is drawn. Every organization has a part for the operations functions as all organization produce products or services. Research has noted that most important element in IKEA furniture’s is that they are self-assembled. A view of the IKEA furniture is outlined in Why You Love That IKEA Table, Even If It’s Crooked, by Shankar Vedantan ( February 06, 2013) Most humans would want to say that I made it, it is my products, that is what IKEA has done. Further the furniture’s are made out of timber, in planet friendly manner, which would result in going to earth after the end of the life cycle in operations management. Operations strategy ...
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...and operations, but the interrelationship between this function and other functions of the organization such marketing, finance and human resources. As a company grows, no one person can do everything. There are different areas of activity that take different styles or knowledge. Production and operations will not be complete without successful mobilization and application of financial resources towards the production activity. At the same time, organizations must also ensure that the output of production is conveyed successfully to the target customer through effective marketing. Finance ties all departments together with monetary measurements that tell whether the organization is making money. They also regulate the acquisition of funds to keep the business going on, and investing money received wisely. Sales and Marketing are usually lumped together into a group that focuses on maintaining and attracting customers to the company's products and services. Other functional areas that might interface with production and operations to make the organization successful include the following sections: Research and Development, Transportation, Information Services, Security, Medical, Government Relations and Training. QUESTION TWO: a) Operations strategy Operations strategy is the development of a long-term plan for using the major resources of the firm for a high degree of compatibility between these resources and the firm’s long term corporate strategy. Operations strategy...
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...community services to achieve the vision of the nation. The name of UPSI reflects the symbol of excellence because this is the only university that specialises in teacher training and education programmes of study in the first degree as well as post degree levels. In its early establishment, there were only four (4) faculties which offered ten programmes of Diploma and Bachelor study. The faculties were the Faculty of Languages, Faculty of Social Sciences and Art, Faculty of Science and Technology and Faculty of Cognitive Science and Humanities. Today, a total of nine (9) faculties has been established namely the Faculty of Education and Human Development (FPPM), Faculty of Science and Mathematics (FSMT), Faculty of Management and Economics (FPE), Faculty of Sports Science and Coaching (FSSK), Faculty of Music and Performing Arts (FSMP), Faculty of Languages...
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...Operation Management Operation Management Assignment 1 [Document subtitle] Assignment 1 [Document subtitle] Toh Yin Sheng CT0196844/14208417 FT UCD BBS 22 C Dr Dan Maher & Dr Mogan Swamy Toh Yin Sheng CT0196844/14208417 FT UCD BBS 22 C Dr Dan Maher & Dr Mogan Swamy Assignment 1 Assignment 1 Content Company Introduction 2 Operation Management Results Competitive Advantages 3-4 Conclusion 4 References 5 Company Introduction PTS Marketing group of companies, which founded in 1999, act as a service provider of automotive aftermarket supplies mainly active in Malaysia and Singapore. With the mission of “Professionally Targeting Success”, PTS Marketing Group aims to provide quality products and superior services to the customers. As a service provider, in order to deliver the commitment, PTS Marketing Group states a combination of operations management that allows and drives the company towards the mission. The company currently carrying several brands as sole, exclusive distributors, such as Federal Tyres, Lassa Tyres, Core Racing Wheels, HKS, Vitech Lubricant, Toyo Tyres and more brands to extensively fulfil the customers and market needs. Operation Management Results Competitive Advantages Every firms or organizations have their own unique operation systems and styles generate from the characteristics and internal cultural. This is essential to figure out, develop and design the operational managing...
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...ASSESSMENT FRONT SHEET LONDON CHURCHILL COLLEGE Programme: AAPBS LEVEL-5- Certificate in Business Mgmt Studies. Unit: Operations Management in Business Unit code: M- QCF level: 5 Credit Value: 15 Tutor: Sabrina Akbar Email- Sabrina.akbar@londonchurchillcollege.co.uk Date Set: 08/02/2012 Learner’s name and statement of authenticity Learner’s Name: …………….. Learner’s ID: Date handed-in: I certify that the work submitted for this assignment is my own. Where the work of others has been used to support my work then credit has been acknowledged. Signature: ……………………. Date: …………… 1. Introduction: Operations management is concerned about overseeing, redesigning and designing business operation in service or production of goods, efficient use of resources and effectively meeting of customer requirements. Operations management also cover the process which converts inputs into outputs like inputting raw materials or energy and labor and getting goods and services. It considers the utilization, development and acquisition of resources that organizations need to deliver services and goods their customers want. The works and jobs responsibility of operation management starts from strategic planning and ends at operational and technical levels. Operation management use various technology and ideas to reduce production and operating cost and increase productivity, improve customer services, increase product quality and improve...
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...[pic] |Kazakhstan Institute of Management, Economics and Strategic Research (KIMEP) International Summer School, 2011 OPM 5202 OPERATIONS MANAGEMENT | | [pic] OPM 5202 OPERATIONS MANAGEMENT Instructor: Dr. Ardeshir Lohrasbi Office: Telephone: FAX: Email:zlohrasbi@gmail.com Instructor: Dr. Ardeshir Lohrasbi Office: Office Hours: Tel: Fax: E-mail: zlohrasbi@gmail.com Website: https://edocs.uis.edu/alohr1/www Introduction: Welcome to OPM 5202 Operations Management .It is a great pleasure to have all of you in my class. I have been at University of Illinois Springfield in USA for 31 years and served as a Chair of Department of Business Administration , MBA director and Chair of Management Department for several times and my work was recognized last May at the University of Illinois Springfield Faculty Recognition.I taught in graduate and undergraduate online and on ground many different courses such as Production and Operations management, Project Management, Computer Software Application in Business, Service Management, Inventory Management…etc. and I have done a number of consulting for private and public services and presented many research papers at a local and national level. In this class I will share my life time experiences and teachings with all of you. My goal is you learn the course materials and be able to apply the topics, computer applications and techniques in the real world. For more information please...
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