Operations Management
Space Age Furniture Company Answers

What options are open to Coral to address this problem?

The cost of operations is regarded as one of the major issue for a business. The management has to take necessary corrective action to enable the business in handling issues for example cost of inventory handling and labour cost of operations. In certain conditions the business requires management to take decisions that are relevant for increasing quality of operations. The quality improvement initiatives in terms of cost reduction from operations and eliminating waste in the process is also an initiative that is appraised throughout the business operations. The production management and scheduling along with the reduction in capital cost to hold large inventories are approaches that can increase profitability as well as the business prospects.

The options available for carol are based on the analysis of cost for holding large inventories as well as per unit cost…...

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References:

Bahl, H. (2011). A diagonostic approach to scheduling. California Journal of Operations Management, 86-90.

Bragg, S.M. (2007). Financial analysis: a controller's guide. USA: John Wiley & Sons.

Brown, S., Blackmon, K., Cousins, P., & Maylor, H. (2012). Operations management: policy, practice and performance improvement. USA: Routledge.

Farouk, S., Cherian, J., & Jacob, J. (2012). Green Accounting and Management for Sustainable Manufacturing in Developing Countries. International Journal of Business and Management, 7(20), p36.

Operations Management eport -- Community Bank of Perth
The Community Bank of Perth has experienced tremendous growth in home loan refinancing in the past two years. This is due in part to continued growth of the Western Australian mining sector, as well as increased consumer interest in more innovative and economical loan terms. With rising competition in the market, more lenders are now aggressively working to boost their market share through a renewed focus on customer service and simple and speedy loan processing (Fluss 2009, p. 12). Faced with an ever-increasing numbers of home loans, Community Bank of Perth has developed new refinancing processes aimed at improving the quality of service to customers. This process was implemented last year and divided loan approvals into five distinct stages with new departments created for each stage.

However, recent customer feedback has indicated that loan approval processing still has room for improvement. Many customers have…...

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References

1. Bilich, F 2000, 'Total quality management: quality macro-function model for banks. (Cover story)', Total Quality Management, 11, 1, p. 15, Academic Search Premier, EBSCOhost, viewed 16 September 2012.

2. Brandt, D 2012, 'Work Perfect', Industrial Engineer: IE, 44, 9, p. 66, Academic Search Premier, EBSCOhost, viewed 16 September 2012.

3. Britt, P 2005, 'Finding the Formula For Successful Cm', Econtent, 28, 1/2, pp. 38-42, Academic Search Premier, EBSCOhost, viewed 16 September 2012.

4. Compton, J 2004, 'CRM Is Go!', CRM Magazine, 8, 10, pp. 30-35, Academic Search Premier, EBSCOhost, viewed 16 September 2012.

Operations and IT Management
This study will examine several works in writing and from these sources state how information lifecycle management will affect coordination and conflicts between operations managers and information technology managers.

Information Life Cycle Management

Information life cycle management is the range of procedures and strategies to manage data and information flows from creation and storage through to elimination." (Lifecycle Management, 2007) Information life cycle management is reported as being considered "a more complex subset of data life cycle management." (Lifecycle Management, 2007) Information Lifecycle Management Process Model defines the actions that are possible to take on information at a given time and the options that are available while taking those specific actions as well as paths that should be followed to make sure that the information retains its integrity or in other words "remains secure through its lifetime from creation to deletion." (Jericho Forum, 2011)

II. The Information Lifecycle Management Process…...

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Bibliography

IBM. Information Lifecycle Governance. Retrieved Nov 8, 2010, from http://www.informationmanagementrequest.com/campaigns/compliance_warehouse/site/cim.html?sor=red

IBM. Information Lifecycle Governance. Retrieved Nov 8, 2010, from http://www.informationmanagementrequest.com/campaigns/compliance_warehouse/site/cim.html?sor=red

Jericho Forum (2009) COA Paper: Information Lifecycle Management. OpenGroup.org. Retrieved December 4, 2011, from  http://www.opengroup.org/jericho/COA_Information_Lifecycle_Management_v1.0.pdf 

Jericho Forum (2009) COA Paper: Information Lifecycle Management. OpenGroup.org. Retrieved December 4, 2011, from

Operations/Project management - Ethics
Operations/Project management -- Ethics.

The rearing of pigs is all geared towards the end result of having it give the pork that can be traded out and money earned. The only contentious issue here is the process that is used to get to the end product.

The Premium Standard Farms of Princeton in Missouri can be said to be adhering to the utilitarianism theory of ethics and morality. This is the view that an action is right in-so-far as it aims at producing pleasure and the elimination of pain. Here an action is considered right if it produces the greatest amount of pleasure and the minimum possible or least pain of any available substitute action. Stuart Mill (1806- 1873) puts it plain that actions are right to the degree that they tend to promote the greatest good for the greatest number. John Stuart Mill is one of the greatest…...

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References

Jane Garret, (2006). Kant's Duty Ethics. Retrieved February 9, 2012 from  http://www.wku.edu/~jan.garrett/ethics/kant.htm 

Philosophical Classics. (2010). Utilitarianism and Morality essays. Retrieved February 9, 2012 from http://www.*****/viewpaper/27298.html

Operations Management
Our supply chain has called a team of manufacturing and material experts to figure out how the impossible can be made possible. Being a telecommunication company, the team discovered it could use a customized laser to poke holes in the aluminum small enough to be nearly invisible to the human eye but big enough to let light through. Our company has since realized that it needs lots and lots of laser (Satariano & Burrows, 2011). We have identified a company that makes laser equipment for microchip manufacturing which after tweaking does the job. Each machine goes for $250,000. We have since convinced the seller to sign an exclusivity agreement. We currently buy hundreds of such machines to make holes for the green lights that now shine on our company's myriad brands like the Mac Book Airs, Trackpads, and wireless keyboards. Most of our customers have never given the green…...

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References List

Satariano, A. & Burrows, P. (2011). Apple's Supply-Chain Secret? Hoard Lasers. Bloomberg Businessweek.

Stone Apple (2013). Business Transformation Suite. Retrieved from http://www.stone-

apple.com/business-transformation.html

Operations Management. Please PDF instructions essay.
Operations Management

Albatross Anchor's competitiveness

The competitiveness of Albatross Anchor can be assessed from a wide array of angles, including the following most relevant ones:

a) Cost

The cost is similar to that implemented by other anchor manufacturers, as this is imperative to maintain sales. Yet, the real costs encountered by Albatross Anchor are higher than those of its competitors and this is the result of operational inefficiencies.

b) Speed of manufacturing process

The manufacturing process is delayed by the lack of adequate technologies, spaces and facilities, but also by the fact that the company has to continually switch its production lines in order to manufacture both the bell anchor as well as the hook anchor.

c) Flexibility in filling orders

Due to several inefficiencies, the company is only able to manufacture and deliver small product quantities. In case the orders suffer modifications, the company is unable to effectively address them as it…...

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References:

Rafinejad, D., 2007, Innovation, product development and commercialization: case studies and key practices for market leadership, J. Ross Publishing

Van Leeuwen, J., 2004, Reaching the hard to reach: innovative housing for homeless youth through strategic partnerships, Child Welfare, Vol. 83, No. 5

In this regard, Lin and Lin add that, "The Chinese personal computer manufacturer wanted to increase its share in Western markets. The acquisition hoisted the manufacturer from 9th place to 3rd place in terms of PCs sold. These acquisitions illustrate China's desire to spend low-cost money to acquire existing brands and distribution access, as well as securing additional outlets for other Chinese produced goods" (2008, p. 32).
Planning and control.

Although many observers suggest that Lenovo represents a true Horatio Alger success story having begun with a very modest start-up capital of just $24,000, Huang argues that the facts involved in the company's success are much more complex and relate to the company's ability to implement management functions in ways that established planning goals and its ability to control the company's resources to achieve these goals. For instance, Huang notes that, "Its subsequent rounds of financing, including an IPO in Hong…...

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References

'About Lenovo.' 2011 Lenovo. [online] available:   / en/our_company.html.http://www.lenovo.com/lenovo/us 

Anchordoguy, M. 2008 'Chandler and Business History in Japan.' Business History Review, vol.

82, no. 2, pp. 301-303.

Bhattacharya, S. 2008 'Lenovo Group Limited: Losing the Competitive Edge?' ICFAI Case

1073).
Brocklesby advocates 'Soft OR' approaches such as Multi-Criteria Decision Analysis, Data Envelope Analysis, Cognitive Mapping, Soft Systems Methodology and the Theory of Constraints to allow for "conflicting objectives and multiple subjectivities" (Brocklesby 2007, p.1073). For example, the Theory of Constraints (TOC) deploys the TOC Thinking Processes to map social, material, and personal consequences of collective decisions. A TOC Current Reality Tree, searches for root causes of problems. A representation of TOC 'evaporating clouds' represent conflicting views, rather than assume that a decision leads to a linear and defined result. Future reality trees determine possible future outcomes, but side effects, prerequisites, required actions and constraints must all be considered (Davies et al. l 2005, p.306).

TOC 'trees' that acknowledge a multiplicity of influences impact decisions. They also underline the falseness of the rational actor/profitability model. Every decision has a human element. The question is: what are the organization's priorities? Constraints must be…...

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Works Cited

Brocklesby, J. 2009. Ethics beyond the model: How social dynamics can interfere with ethical practice in operational research/management science. Omega, 37(6), p.1073.

Davies, J., V.J. Mabin, S.J. Balderstone. 2005, December. The theory of constraints: a methodology apart? -- a comparison with selected OR/MS methodologies.

Omega, 33 (6), pp. 506-524

Neef, Dale. 2005. Supply chain ethics. Ethical Corporation.

For instance, it requires increase space for storage. Then, it has to purchase technologies to help manage the inventory, as well as the supply and demands. Then, it would have to purchase trucks and other transportation machineries, and would also have to allocate budgets to completing the transport operations. The operations would have to be continually developed and improved; the fleet would have to be continually maintained and renewed, and the staffs would generate additional costs as well.
eferences:

Adams, C.M., Customer loyalty is measure of value achieving customer satisfaction, Adams Six Sigma, http://www.adamssixsigma.com/Newsletters/measure_value.htm last accessed on January 25, 2012

Blaisdell, M.., SaaS & customer success, the new definition of customer support, http://seonix.org/business/customer-satisfaction-in-7-steps / last accessed on January 25, 2012

Bucki, J., Top 7 outsourcing advantages, About.com, http://operationstech.about.com/od/officestaffingandmanagem/a/OutSrcAdvantg.htm last accessed on January 25, 2012

Tbije, I.D., Outsource non-core processes for a competitive edge, Business Process Management Articles, http://business-process-mgt.bestmanagementarticles.com/a-6851-outsource-non-core-processes-for-a-competitive-edge.aspx last accessed on January 25, 2012

Customer…...

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References:

Adams, C.M., Customer loyalty is measure of value achieving customer satisfaction, Adams Six Sigma, last accessed on January 25, 2012http://www.adamssixsigma.com/Newsletters/measure_value.htm

Blaisdell, M.., SaaS & customer success, the new definition of customer support, / last accessed on January 25, 2012http://seonix.org/business/customer-satisfaction-in-7-steps

Bucki, J., Top 7 outsourcing advantages, About.com,   last accessed on January 25, 2012http://operationstech.about.com/od/officestaffingandmanagem/a/OutSrcAdvantg.htm 

Tbije, I.D., Outsource non-core processes for a competitive edge, Business Process Management Articles, last accessed on January 25, 2012http://business-process-mgt.bestmanagementarticles.com/a-6851-outsource-non-core-processes-for-a-competitive-edge.aspx

The reputation aids in moving of the organization's products in the market. It also safeguards the company's various brands against lawsuits, which may hurt its performance. The company's chief executive officer is on record asserting that the food and health quality is paramount as it reflects how the organization handles its employees as well as consumers. KOE sees to it that the company's culture and organizational structure are safeguarded as they offer a platform for smooth operations. As a matter of improvement, the company subjects its staff to practical training programs (Kemp 2002). This equips them with modern organizational practices and orients them toward meeting for the common good of the organization. The organization has a wise choice of designing its quality management assessment procedures. The design of the quality management of the company corresponds to its size, nature of its products, complexity of the market, and other relevant…...

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References

Pfeifer, T. (2002). Quality Management Strategies, Methods, Techniques; With 3

Tables$Nelektronische Ressource. Mu-Nchen [U.A.], Hanser.

Sukhija, R. (2009). Quality Management: An Excellent Model. New Delhi, Global India

Publications.

Operations Management
Operations: Review Standard Operating Procedures

Question 1 company's operations function on the most basic and general level involves organizing work, selecting processes, arranging layouts, locating facilities, designing jobs, measuring performance, controlling quality, scheduling work, managing inventory, and planning production. For instance, operations at a bank might involve transferring funds from one bank to another or to different branches, processing funds on site, providing checks for customers, cashing checks for customers, preparing monthly statements on a regular basis, reconciling statements when needed, approving loans upon request, loaning money, keeping regular track of loan payments, and approving credit cards if part of the bank's functions. Operations at a retail store might, depending on the nature of the store -- it is service-based or good-based for instance -- involve purchasing goods, stocking goods, selling goods, keeping track of inventory, scheduling workers, laying out the store, locating the store, forecasting demand for goods and…...

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History of operations management

Jerry Useem, with Julie Schlosser and Helen Kim (March 3, 2003) "One Nation under Wall Mart." Fortune.

Wal-Mart is the largest company in the world. It is well run because it has made the best deals with its suppliers through creating partnerships by which both operatives openly exchange information to streamline the flow of goods from raw materials to checkout counter. Thus its supply chain of stocking and selling goods, and its inventory process is extremely streamlined, one of the keys of operations management.

its collectivism, for example, or how it defines Power Distance, which is defined as the extent to which less powerful members of an organization accept power being distributed unequally (Hofstede, McCrae, 2004). In organizations that are highly hierarchical in structure and as a result have tight spans of control, Power Distance variations may be tolerated yet not accepted. The role of Individualism, Uncertainty Avoidance and Long-Term Orientation for example all could combine to completely re-order how an operations strategy is executed between two different cultures, with dramatically different effects. Mergers, acquisitions, joint ventures and other forms of corporate relationships all have as their common component the need to have a consistent strategy for managing cross-cultural factors. One example of this is the decision Hewlett-Packard made to build factories in Singapore that would focus on innovation in addition to lower costs for developing and manufacturing their inkjet printers (Ferdows, 2006).…...

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References

Susan Christopherson. 2007. Barriers to 'U.S. style' lean retailing: the case of Wal-Mart's failure in Germany. Journal of Economic Geography: Transnational Retail, Supply Networks, and the Global 7, no. 4 (July 1): 451-469. (Accessed March 12, 2009).

Kasra Ferdows. 2006. Transfer of Changing Production Know-How. Production and Operations Management 15, no. 1 (April 1): 1-9. (Accessed March 12, 2009).

Ross a Hammond, Robert Axelrod. 2006. The Evolution of Ethnocentrism. The Journal of Conflict Resolution 50, no. 6 (December 1): 926-936. (Accessed March 11, 2009).

Geert Hofstede, Robert R. McCrae. 2004. Personality and Culture Revisited: Linking Traits and Dimensions of Culture. Cross - Cultural Research 38, no. 1 (February 1): 52-88 (Accessed March 12, 2009).

"30% of Kmart's shoppers did not have bank accounts." But "Target is focused on a family of four earning $50,000 a year," in contrast "al-Mart's customers make $40,000 a year. Kmart's make $32,000. You tell me which chain is more attractive in the long run." (Mitchell, 2004)
Not only are Target's consumers more able buy big-ticket items, but also more affluent consumers are more apt to make impulse buys. Target stores have thus "recently started stocking more consumables - everyday products like soap and paper towels - and has put them near cash registers and in other high-traffic areas." (Mitchell, 2004) Target soon followed with Target Great land stores, which were bigger than regular stores and sold some groceries; in 1995, it opened its first Super Target, which includes a full supermarket. Cautiously it expanded, but surely.

Regarding the merger, one Target executive stated, "Kmart's chairman, Edward S. Lampert, hired Aylwin…...

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Works Cited

Mitchell, Dan. (November 21, 2004) "Who's afraid of K-Mart and Sears? Not Target." The New York Times. Business News. Retrieved 21 November 2004 at  http://www.nytimes.com/2004/11/21/business/yourmoney/21targ.html?pagewanted=2&oref=login 

Norris, Frank. (November 18, 2004) "Trying to get big enough to battle Wal-Mart." The New York Times. Business News. Retrieved 21 November 2004 at  http://www.nytimes.com/2004/11/18/business/18place.html?fta=y

Operations Management
What are the advantages of using a computer-aided design technology

Computer aided design technology is particular useful in a globalized world of commerce and business activity. Through the use of computer aided design technology information can seamlessly be transferred from one entity to another with little administrative cost to the business. This is particularly helpful for businesses that rely on human capital rather than physical infrastructure to create a product. Through computer aided design, concepts can be manipulated, transferred and discusses via the internet or other channels of communication. Through this mutual exchange of information, more individuals can have input within the overall design phase. Those with a particular specialty can provide feedback to the overall design as well (Askin, 1993).

Cross functional teams are advantaged through the use of CAD. Designers may not have the financial acumen needed to create a product at a price point consumers are willing to…...

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References:

1) Askin, R.G., C.R. Stanridge, Modeling & Analysis Of Manufacturing Systems, John Wiley and Sons, New York 1993

2) D.C. Montgomery, Statistical Quality Control: A Modern Introduction, 7th edition 2012

3) R.B. Chase, F.R. Jacobs, N.J.Aquilano, Operations Management for Competitive Advantage, 11th ed McGraw-Hill 2007

Operations and Project Management 1
The World Economic Forum defines productivity as “the amount of output per worker” (Jahchan, 2016). Productivity is not, however, the same thing as efficiency—which is a mix-up of terms that some companies frequently make (Mankins, 2017). Efficiency, as Mankins points out, is about doing more with less, whereas productivity is simply about taking the inputs and getting the desired outputs. Productivity is measured by “comparing the amount of goods and services produced with the inputs used in production” and is about “doing more with the same”—i.e., taking what you have and making it work well. Productivity is not about cutting costs by cutting inputs: it is about maximizing the juice that can be squeezed from those inputs.
This distinction matters because some companies will think that if they only cut costs—i.e., inputs that do not seem to have any significant impact on production output—they can be more efficient.…...

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References

Chambers, J., Mullick, S. & Smith, D. (1971). How to choose the right forecasting technique. Retrieved from

Jahchan, P. (2016). What is productivity, and how do you measure it? Retrieved from https://www.weforum.org/agenda/2016/07/what-is-productivity-and-how-do-you-measure-it/

Levitt, T. (1965). Exploit the product life cycle. Retrieved from https://hbr.org/1965/11/exploit-the-product-life-cycle

Mankins, M. (2017). Great companies obsess over productivity, not efficiency. Retrieved from https://hbr.org/2017/03/great-companies-obsess-over-productivity-not-efficiency

https://hbr.org/1971/07/how-to-choose-the-right-forecasting-technique

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Depending on the approach to business management that you study, there can be four to seven functional areas of business.  We favor a business management approach that highlights six functional areas of business: strategy, marketing, finances, human resources, operations, and technology and equipment.  To pick which ones to include in a paper you need to write, we would look at what each functional area does and pick the three areas where we had the most subject-area competency.  However, if the paper was a research paper, intended to teach us more about business operations, we would actually take....

In Zambia, there a number of different ways to access healthcare.  However, we are struggling to answer what the five health care providers are in the country.  There are more than five main hospitals or clinics in Zambia that provide healthcare, only two healthcare ministries, and various types of health workers including doctors, nurses, midwives, clinical officers, technicians, medical teaching staff, medical consulates, and medical licentiates.  If we had to choose the five types of healthcare providers in Zambia, we would probably break them down into those five broad categories: health technicians, nurses, midwives, doctors, and clinical....

There are several different types of army leadership styles that can produce the desired results among the armed forces.  Leadership in the army differs a little from leadership in other scenarios because some type of followership is built into the armed forces. The main leadership styles that you are likely to encounter in the army are transactional, transformational, servant, and autocratic. 

Transactional leadership is the type of leadership one most often encounters in the military.  It is based in structure and relies strongly on both rewards and penalties.  Rather than collaborating with subordinates, the transactional leader....