Week 6- Chapter 17:
3. Would you expect that many people would turn down a chance to join a project
organization, as Bert Mill did?
This question was a little difficult for me to reply only because I think it is a yes or no
answer, sort of like a trick qu
Chapter 2 Notes:
Companies must be competitive to sell their goods and services.
Competitiveness is an important factor in determining whether a company prospers, barely gets by
Competing through some combination of marketing an
Chapter 13: Inventory Management
INVENTORY: a stock or store of goods. Firms typically stock hundreds/thousands of items in inventory. Independentdemand items: items that are ready to be sold or used. Dependent-demand items: components of finis
What is aggregated planning and importance
Aggregate planning: intermediate-range capacity planning, usually covering 2 to 12 months.
Useful for organizations that experience seasonal or other fluctuations in demand or capacity.
The goal of aggregate plan
Operations Chapter 2/3 Questions
1. What caused productivity to increase?
Their first cause was the expansion of zip codes. In turn, the USPS needed processing
equipment and bar code scanners to keep up with the increased demand. This organizational
Benchmarking Corporate Web Site of Fortune 500 Companies (Operations)
More and more people are using the internet. And when these people want information about a
companys products or services, they often go to the companys Web site. In a study of the home
Chapter 1 Notes
1. Define the term Operations management
Management of systems or processes that create goods & services
2. Identify 3 major functional areas of orgs & describe how they interrelate
Supply chain: sequence of activities
Elements of good forecasting
Timely, accurate, reliable, meaningful units, in writing, simple to understand and use, & cost-effective
Steps of the forecasting process
1. Determine the purpose of the forecast
2. Establish a time horizon
3. Obtain, clean, &
Operations chapter 2 & 3 Holly Werning
Long-term sustainable competitive advantage (LTSCA) & long-term in his mind is 3-5 years
Operations needs to be linear, methodical, and logical: Design, production, quality control, distributing, safety,
Chapter 3: Forecasting
Forecasts: A statement about the future value of a variable of interest. Forecasting cannot be overstated.
Primary goal of operations is to match supply to demand. Having a forecast of demand= how much capacity or
Week Three- Chapter 9:
1. What trade-offs are involved in deciding on whether to offer a product or service
Previously we discussed the purpose of trade-offs and why they are so important in
the organization and functioning of businesses. To re
PROJECT LIFE CYCLE
1. Definition: This has two parts; a) concept, at which point the organization recognizes the need for a project or responds to a request for
a proposal from a potential customer or client, and b) feasibility analysis, which
Chapter 1 Notes:
Operations is that part of a business organization that is responsible for producing goods
Key functions on the supply side are operations and supply chains, sales and marketing on
the demand side.
Operations function: re
INSIGHTS ON QUALITY MANAGEMENT:
Defining quality in operational terms.
Understanding the costs and benefits of quality.
Recognizing the consequences of poor quality.
Recognizing the need for ethical behavior.
DEFINING QUALITY: THE DIMENSION
Chapter 11: Aggregate Planning and Master Scheduling
Seasonal variations in demand are quite common in many industries and public services (ex. Air
conditioning, fuel, public utilities, police and fire protection, travel). Organizations can not
Week Four: Chapter 11
The EGAD Bottling Company has decided to introduce a new line of premium bottled
water that will include several designer flavors. Marketing manager Gerogianna
Mercer is predicting an upturn in demand based on the new offerings and t
Week Two- Chapter 3:
1. When a new business is started, or a patent idea needs funding, venture capitalists
or investment bankers will want to see a business plan that includes forecast
information related to a profit and loss statement. What type of fore
Global Operations Question China:
Over the past week discussions of Apple and Wal-Mart have began to bring about a
lot of ethical issues that these two huge companies are dealing with. Surprisingly a lot of the
issues relate to both Apple and Wal-Mart.
Regular @ $1
Overtime @ $1.6
Week Five-Wal-Mart and Apple:
Please identify a total of three ethical issues that face either Wal-Mart, or Apple and
develop 2 approaches for addressing each of these three issues. In other words 3 x 2
x 2= 12. Also one of the issues for both Apple and W