The Goal in 885 Words
Here are the principles behind the dramatic turnaround story in The Goal, in 885 words. Ready? Start counting now: 1. The goal of a manufacturing organization is to make money. Jonah poses this as a question: "What is the goal?"
STUDY OUTLINE FOR CHAPTER 3 FORECASTING
1. List some examples of how each of these areas of an organization use forecasts: 1. Accounting: cost/ profit estimates 2. Finance: Cash flow and funding 3. Human Resources: hiring, recruiting and training 4.
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Lanen - Fundamentals of Cost Accounting - 4e, TEST
Fundamentals of Cost Accounting by William Lanen, Shannon Anderson and
Chapter 2 Spreadsheet-Related ProblemFinancial Statement Analysis
The problem requires you to use File C02 on the computer problem spreadsheet. Cary
Corporations forecasted 2013 financial statements follow, along with industry average ratios.
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Cost Accounting: Information for Decision Making
True / False Questions
1. The value chain comprises activities from research and development through the
production process, but does
Ch. 7 Design of Work Systems
Specialization relates with different work that concentrates on some aspect of a product or
service. Similarly, it emphasizes the ability to concentrate one's efforts on a type of work and
Ch. 8 Location Planning and Analysis
Every firm must use location planning techniques. There are many options for location planning.
Corporations choose from expanding an existing location, shutting down one location and moving t
Ch. 6 Process Selection and Facility Layout
Chapter 6 Process Selection and Facility Layout
Objective: Teach you about Process Selection and Facility Layout.
Process Selection is basically the way goods or services are made or delivered, which
Ch.14 MRP and ERP
Chapter 14: MRP & ERP
Items with dependent demand are items in which demand is derived from plans to make certain
products (things like raw materials, parts, and assemblies). Example: The parts and materials
that go into the making a
Ch.12 Inventory Management
Chapter 12: Inventory Management.
Inventory is a stock or storage of goods.
Different types of Inventory:
Raw materials and purchased parts
work in process (WIP)
finished goods inventories or merchandise
Ch.13 Aggregate Planning
Summary : Chapter 13: Aggregate Planning
Aggregate planning is an "intermediate-range capacity planning technique, usually covering a time
frame of 2-12 months for a production process, in order to keep the costs of operations at
Ch. 5 Strategic Capacity Planning for
Products and Services
This chapter examines how important strategic capacity planning is for products and services. The overall
objective of strategic capacity planning is to reach an optimal level where pro
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Ch. 1 Introduction
Chapter One Summary
Operations Management is responsible for creating value in the form of goods and services.
The objective of operations management is to balance supply with demand. Operations
Management works in conjunction with both
Ch. 5s Decision Making
Chapter 5s Decision Theory
Decision theory can be used by management in a company for a variety of different decisions,
including capacity planning, location planning, production and service design, and equipment
Ch.15 Lean Operations
Summary - Chapter 15: Lean Operations
This chapter focuses on this idea of using different approaches and systems. The overall philosophy of
Lean/JIT is to pursue a system that functions efficiently with minimal levels of inventories
Ch.10 Quality Control
Summary for Chapter 10: Quality Control
This chapter is about the inspection process and how it is important to businesses. This
includes how quality control helps companies keep certain aspects of their business up to speed
Summary for Chapter 10
Chapter 10 talks about the inspection process and why it's important to businesses. This
chapter examines how quality control helps companies to keep up certain aspects of their
business. It also talks more about inspections, where
Simulation #60 Analysis
A) Identify the constraint
A (13 units)
B (10 units)
C (15 units)
D (5 units)
E (15 units)
F (10 units)
G (20 units)
H (4 units)
Total Process Time
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OM and Decision Making
Models are abstractions of reality a simplified representation of
Easy to use and less expensive than experimenting with the
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Functions of Inventory.
Inventory Costs .
We consider only inventory models for independent
demand items in this section.
Independent demand is demand for end items.
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Competitiveness and Productivity
Definition: how effectively an organization meets the
needs of customers relative to others that offer similar
goods and services.
Businesses compete with each other
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What is Operations Management?
Why study OM?
Goods versus Services
Some Recent Developments & Challenges
Supply Chain Management
A Systems Approach global versus local op
Lean Operations and Just-in-Time
Why is scheduling production so difficult?
What is JIT/lean?
Push versus pull production.
Lean versus traditional management.
Why is Scheduling Production so Difficult?
Demand is typicall
Management Control Systems
Help plan and schedule and control production just
like you would do if you had to produce P and Q in the
decide (or are told) what to produce,
this dictates how much to order of raw materials and
Ch. 9 Management of Quality
Chapter 9: Management of Quality
Chapter 9 focuses on the importance of quality. It discusses various concepts and tools that can be used
to achieve high quality and continuous improvement. Broadly defined, quality refers to th
Ch.17 Project Management
Chapter 17: Project Management
Project Management is a Team-Based Approach for managing projects. Project managers have
various responsibilities that include:
Organizing workload : making sure that work is done in the appropriate