Verified Document

Operations & Supply Chain Management Research Proposal

6 times $4,300,000 + 0.4 times $2,400,000= $3,540,000 This means that the expected net profit will be $540,000

Question 4 a) I am assuming that the greatest advantage of the work-in-process inventory is that the production is always associated and correlated with the supply of raw materials. By this, I mean that producing on stock, with larger quantities of products being manufactured without having necessarily an immediate demand or order for them will make the supply chain more efficient and will allow the company to produce at what is likely to be lower unit costs. It will also be using the labor factor more efficiently, because the workforce will not remain stagnated without clients, but will still produce, with these products being sold to clients in the future.

A b) However, on the other hand, the work in process inventory proposes high levels of inventory which increases both the overall costs for the company and the additional potential risks. In terms of costs, this is obvious: larger amounts of stock imply that the company needs to have larger storage areas, as well as additional labor and equipment to handle these stocks.

It is difficult to decide whether to go for the work in process or simply reduce inventory as much as possible and attempt the use of a just in time type of inventory management.
A b) i. alt 1: Production = Output/time = 10 projects/8 hours = 1.25

Alt 2: There will be 24 operations of data gathering and 16 operations of analysis, which means that there will be a total of 16 projects being completed in one day.

Production = 16 projects/8 = 2 ii. alt 1: productivity is the same as the production = 1.25 alt 2: here the number of hours is 16 hours (2 laborers). At the same time, there will be 24 operations of data gathering and 16 operations of analysis, which means that there will be a total of 16 projects being completed in one day.

Then productivity = output/total number…

Cite this Document:
Copy Bibliography Citation

Related Documents

Branding New Service Dominant Logic
Words: 12522 Length: 50 Document Type: Dissertation

Branding in Service Markets Amp Aim And Objectives Themes for AMP Characteristics Composing Branding Concept Branding Evolution S-D Logic and Service Markets Branding Challenges in Service Markets Considerations for Effective Service Branding Categories and Themes Branding Theory Evolution S-D Logic and Service Markets Branding Challenges in Service Markets Considerations for Effective Service Branding Branding Concept Characteristics Characteristics Composing Branding Concept Sampling of Studies Reviewed Evolution of Branding Theory Evolution of Marketing Service-Brand-Relationship-Value Triangle Brand Identity, Position & Image Just as marketing increasingly influences most aspects of the consumer's lives, brands

Aloud or in Writing, Making
Words: 17261 Length: 55 Document Type: Thesis

Companies such as XYZ Widget Corporation are well situated to take advantage of burgeoning markets in developing nations, particularly in Asia and Africa. 2. XYZ can grow its business by expanding its operations to certain developing nations in ways that profit the company as well as the impoverished regions that are involved, particularly when marketing efforts are coordinated with nongovernmental organizations operating in the region. 3. Several constraints and challenges must

Social Business and Retailer
Words: 12746 Length: 50 Document Type: Dissertation

business2community.com/social-media/2012s-ten-worst-social-media-Disaster-0370309 Using contemporary illustrative examples from academic literature and reputable business publications, discuss the concept of "Social Business" and the resultant opportunity and challenges that are currently being faced by the retail industry globally. Concept of Social Business Concept of Social Business with Retailers Social Media and Retailing Best Practices in Administering Social Media There is a growing body of research that confirms that companies of all sizes and types can realize a wide array

Wireless Broadband Technology
Words: 20344 Length: 50 Document Type: Term Paper

Wireless Broadband Technology Overview of Wireless technology Presently it is quite evident to come across functioning of a sort of wireless technology in the form of mobile phone, a Palm pilot, a smart phone etc. With the inception of fast connectivity in the sphere of commerce it is customary and useful to operate from central locations communicating with the remote branches, conducting conferences in remote places, discussing with every body at every

Emirates Airlines Porters Five Forces Analysis
Words: 2627 Length: 9 Document Type: Essay

Porter’s Five Forces Analysis Porter’s five forces model is a tool that is utilized to analyze the competitive environment within which an organization or a product operates. There are five particular forces including the threat of entry, the bargaining power of suppliers, the bargaining power of buyers, threat of substitutes and rivalry amongst existing competitors. The threat of new entry delineates how simple it is for a new entity to enter

Mcdonald's and China
Words: 1872 Length: 6 Document Type: Case Study

McDonalds In the last 30 years, developing markets have shown the potential for fast food restaurants to realize increasing profit margins. This is because markets such as China provide them with the capacity to offer unique products and experiences to customers. However, specific concepts must be integrated with each other to effectively connect with them. In the case of McDonalds, they are facing considerable challenges and opportunities in China. (Allon, 2012)

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now