Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 9, Problem 1VC
Summary Introduction

Case summary: A product is brought by the consumer which is created in a series of process that involves transforming the raw material into goods and services. Operation management is responsible to buy part of the product. The F company is producing the car in the mass quantity. The F company provides facility to its customer to chose color of car online.so that, the cost can be customize to compete in the world market. Since, in today’s world, maximum work of production is done by the robot to manufacture the product which is more efficient. Since, robotics plays a major role in almost every process of production.

Many of the company uses the just-in-inventory method to control the inventory of the company because it makes the firm cost effective and profitable. Think about the opportunity in then production department for the graduates.

Adequate information: The F company produces car and provides online color choosing facility to its customer. The robots are more efficient in production and are cost effective to the company.

To discuss: Whether the US company is adapting the challenges of global manufacturing.

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How do you describe the patterns of manufacturing decisions?
For the strength and opportunities listed below. Create one section for matching strengths to opportunities. Discuss how the company can use the strengths to capitalize on the opportunities. You should discuss every single identified opportunity. Strength: It has a solid foundation of trustworthy raw material suppliers, allowing the business to get around any supply chain bottleneck Neiman Marcus products have a consistent level of quality due to the successful automation, which also allows the business to scale up and down in response to market demand. Neiman Marcus Group also developed a solid distribution network through time that can cover most of its prospective market. Opportunities: Less inflation makes the market more stable and makes it possible for Neiman Marcus Group consumers to obtain loans at cheaper interest rates. The business has made significant financial investments into the web platform over the last few years. With this investment, Neiman Marcus Group now has…
How the conversion process transforms raw materials, labor, and other resources into finished goods or services.
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