Describe the operations function and the nature of the operations manager's job. NOTE: please refer to the given lesson
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- Unilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)Discuss the importance of each of the following: 1.Matching customer demand 2. Managing a supply chain 3.Working on Process View35) Which of the following is an appropriate criterion to monitor the performance of functional strategy? a) Return on Equity b) Lead time on order fulfillment c) Return on investment d) Ratio of profits to Earnings
- Explain.. How does operations planning contribute to risk mitigation and business continuity planning?Given the contribution made on each of the three products in the following table and their position in the life cycle, identify a reasonable operations strategy for each: Product Contribution (% of selling price) 30 Company Contribution (%: total annual contribution divided by total annual sales) 50 30 10 50 40 S Identify possible strategies for the desktop computer. (Mark all that apply.) A. Consider terminating production B. Increase capacity C. Attempt to make production facilities more efficient D. Develop supplier and distribution systems Identify possible strategies for the palmheld computer. (Mark all that apply) A. Attempt to innovate high-volume production B. Consider terminating production C. Modify and improve the production process D. Develop supplier and distribution systems Identify possible strategies for the hand calculator. (Mark all that apply) A. Attempt to innovate high-volume production B. Develop supplier and distribution systems C. Improve cost control for…1.How would you distinguish between operations processes and supply chain processes? With an example, illustrate how servitisation may be used by manufacturing organisations. What is the relationship between efficiency and value? Why is sustainability an important component in a firm’s strategy development? The Shell Oil Company has “People, Planet and Profit” as its triple bottom line phrase. Whatdoes the term “People” as contained in the phrase mean? Why must supply chain risks be determined and managed? From an economic point of view, provide a justification for product and service design orredesign. State one consequence a firm is likely to suffer as a result of a lengthy product design. Explain why quality is cited by CEOs and business leaders as the most important factor in thelong-term profitability and success of the firm. What production strategy would you say best describes the construction of the Akosombodam? Identify the production process likely to be used by a…
- “Services are very different from manufacturing. Therefore, it is not appropriate to use the same set of principles for managing operations in manufacturing and service organization.” Do you agree with this statement? Give reasons in support of your argument.The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $375,000 Cost of goods sold 322,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 37,000 Value of finished goods on-hand 12,500 Compute the inventory turnover ratio (ITR). Note: Round your answer to 1 decimal place. Compute the weeks of supply (WS). Note: Do not round intermediate calculations. Round your answer to 1 decimal place.PT ABC logistics have operating in city ABC for 3 months, where they have 10,000 orders daily on average In the next 3 months, they are are targetting a 3x growth On average, our last mile couriers can complete deliveries based on the distribution below: Delivery Distribution Parcels/day % 100 25% 100 40% 110 20% 120 10% 130 5% If our competitor's last mile cost is USD 100/parcel, what should our target last mile productivity be? (Assume city ABC minimum income is USD 6,000)
- There are three classifications of prosed types for services providers. Differentiatebetween the three types of processes. The operations function and management is directly concerned with creatingproducts and providing services in order to realise the objectives of the business.Name the four types of advantages an effective operations department can give abusiness. Individual and group factors influence consumer decision making and mayeventually lead to repeat purchasing of a specific market offering. Explain howgroup factors may influence the buying behaviour of a consumerWhy Study Operations and Supply Chain Management? O relationship management. O the factory set. O the operations function. O the supply chain.examples of providing products and services of value to clients/customers.in the context of Operations Management.