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UofP - MBA550 - DQs - Week Four - 05-15-06

UofP - MBA550 - DQs - Week Four - 05-15-06 - WK4 DQ1 Role...

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WK4 DQ1 Role of Operations Planning and Strategy (Day 3) What is “operations planning and strategy” all about? The operations strategy outlines the long-range plan on the design and use of resources throughout the supply chain to support the business plan. To have a clear, workable strategy on how to ensure the resources and logistics will deliver the outcomes required under the business plan. This could include: (1) decisions on make-to-stock or assemble-to-order, (2) forecasting methods and review, (3) capacity planning and review, and (4) productivity measures (including production and inventory policies). The business plan is a statement of long-term strategy and revenue cost, profit objectives and budgets, a projected balance sheet, and a cash flow statement. Why is it important not only to a factory such as Kuiper Leda but also to other business functions? The importance to both Kuiper Leda Inc. and other business functions is about strategic and planning “supply chain management.” Supply chain management is the process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption. Take a business function you are familiar with, such as finance or training or IT or sales, and describe how operations planning can be used to add value. If we were to look at financial business functions, operations planning can assist and add value by: Investigating and reporting certain strategic options across the entire financial matrix. This could be from receipting in a purchase order to the month-end financial reporting process. High and low-level analysis and recommendations of appropriate strategy, including documentation. Meetings, training, or other financial workshops, including preparation of presentations. Determining appropriate measures and benchmarks for financial productivity. Robert (Robb) Sikes 520.245.0662 [email protected]
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WK4 DQ2 Synthesis of content (Day 3) Week Four reading is about: Operations Strategy Operations Consulting and Engineering Sales and Operations Planning Inventory Management. Identify 3 different concepts from Week 4 reading that are related to the situation at Kuiper Leda Manufacturing. Describe these concepts and identify an issue or opportunity that comes from each one based on your role. Please ensure you do not take a concept one of your peers has already discussed. Materials Requirement Planning (MRP) Materials Requirement Planning (MRP) is a scheduling procedure for production processes that have several levels of production. Given information describing the production requirements of the several finished goods of the system, the structure of the production system, the current inventories for each operation and the lot sizing procedure for each operation, MRP determines a schedule for the operations and raw material purchases.
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