Sunday, April 19, 2020
Operations free essay sample
Allow me to start by saying The Goal was truly an enjoyable experience in learning the fundamental concepts of operations management. This was a non-traditional and fun way to gain knowledge. I would have never imagined learning such operational principles in an entertaining manner. Bravo Professor Souvenirs for instituting education in creative and informative way. Now, on to the questions at hand 1 . Give me the definitions of throughput, inventory and operational expense given in The Goal. How do they compare with the traditional definitions?Do you find them useful, and why? In the goal Throughput is the rate at which the system generates money through sales. Inventory is all the money that the system has invested in purchasing things which it intends to sell. And Operational expense is all the money the system spends in order to turn inventory into throughput (sales). The key takeaway is looking at theses 3 measures as components of sales (end goal), not production Which is the traditional definition. We will write a custom essay sample on Operations or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It begs the question, what good is it to produce meeting and not sell it? The goal is not to merely produce but to make money. The Goals cements the idea by making a case for managers to focus on the end goal (making money) common sense can be applied to operational management. 2. Give me the definition of a bottleneck operation. Develop your own simple example to demonstrate It to me. Describe two or three different ways to discover the bottleneck of a process. In The Goal, Joana explains a Bottleneck, Is any resource whose capacity Is equal to r less than the demand placed on It.Simply put A bottleneck Is congestion at any given point In a flow process. The Idea Is to reduce congestion by balancing the flow. Ideally the flow process should be a little less than the market demand In order to eliminate a bottleneck. When plants keep flow equal to demand If the demand goes up the bottleneck ensues, If demand goes down plant loses money. The science Is not managing the capacity but balancing the flow. 3. Draw a top-level process flow diagram for Ales factory.You may wish to first focus on the NC-II and then aggregate the rest of the machines Into three categories of process steps: those that precede the NC-II, those that follow the NC-II, and those that neither precede nor follow the NC-II. Rough cut diagrams are fine with Very Rough Cut Process Flow Diagram.. . Operations By homophobia to demonstrate it to me. Describe two or three different ways to discover the In The Goal, Joana explains a Bottleneck, is any resource whose capacity is equal to r less than the demand placed on it.Simply put A bottleneck is congestion at any given point in a flow process. The idea is to reduce congestion by balancing the flow. Ideally the flow process should be a little less than the market demand in order to eliminate a bottleneck. When plants keep flow equal to demand if the demand goes up the bottleneck ensues, if demand goes down plant loses money. Operations free essay sample Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organizations goods or services. True    False 2. Often, the collective success or failure of companies operations functions will impact the ability of a nation to compete with other nations. True    False 3. Companies are either producing goods or delivering services. This means that only one of the two types of operations management strategies are used. True    False 4. Operations, marketing, and finance function independently of each other in most organizations. True    False 5. The greater the degree of customer involvement, the more challenging the design and management of operations. True    False 6. Goods producing organizations are not involved in service activities. True    False 7. Service operations require additional inventory because of the unpredictability of consumer demand. True    False 8. The value of outputs is measured by the prices customers are willing to pay for goods or services. True    False 9. The use of models will guarantee the best possible decisions. We will write a custom essay sample on Operations or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Most people encounter operations only in profit-making organizations. True    False 20. Service involves a much higher degree of customer contact than manufacturing. True    False 21. A systems approach emphasizes interrelationships among subsystems, but its main theme is that the whole is greater than the sum of its individual parts. True    False 22. The Pareto phenomenon is one of the most important and pervasive concepts that can be applied at all levels of management. True    False 23. Operations managers, who usually use quantitative approaches, are not really concerned with ethical decision-making. True    False 24. The optimal solutions produced by quantitative techniques should always be evaluated in terms of the larger framework. True    False 25. Managers should most often rely on quantitative techniques for important decisions since quantitative approaches result in more accurate decisions. True    False 26. Many operations management decisions can be described as tradeoffs. True    False 27. A systems approach means that we concentrate on efficiency within a subsystem and thereby assure overall efficiency. True    False 28. Prior to the Industrial Revolution, goods were produced primarily by craftsmen or their apprentices using custom made parts. True    False 29. Elton Mayos Hawthorne Experiment was the focal point of the Human Relations Movement, which emphasized the importance of the human element in job design. True    False 30. Among Fords many contributions was the introduction of mass production, using the concept of interchangeable parts and division of labor. True    False 31. Operations management and marketing are the two functional areas that exist to support activities in other functions such as accounting, finance, IT and human resources.
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