The concepts is:
-Operations Management as a component of a firm's strategic planning and performance.
Find a current news article that focuses upon this concept at your choice of sites on the internet. Do not use Wikopedia.
You'll find one (or several articles) to analyze. Remember to focus upon this concept in your analysis. Explain how and why this concept is used and how it is necessary for this company to succeed.© BrainMass Inc. brainmass.com October 25, 2018, 7:08 am ad1c9bdddf
When discussing operations management as a component of a firm's strategic planning and performance, I have chosen to analyze 'Manufacturing Operations Management: Lessons from Dell', available at: http://www.manufacturing.net/articles/2012/07/manufacturing-operations-management-lessons-from-dell
Operations management is a component of management concerned with businesses becoming more efficient through the control of their processes, goods, services, and other resources. The main concern is to ensure that as few resources are utilized in order to deliver the organization's short and long-term goals.
To better understand this concept, let's analyze ...
Operations and supply chain management is examined. The current news articles that focuses upon this concept is determined.
Operations management - Supply chain management & the bullwhip effect
See the attached file also.
IF: THEN (all else equal, it is likely that):
a) We aim to increase "inventory velocity" We must produce and push work-in-process faster to next operation/ wait and produce only what is pulled by next operation. EXPLAIN WHY
b) We install an expensive machine that requires The intensity of the "bull whip" in the supply chain
very large production batches but it is fast will increase / decease / not be affected. EXPLAIN WHY
c) We consolidate inventories from two (nearby) "Service level" will increase / decrease/ not be affected warehouses into one warehouse (keeping the same EXPLAIN WHY
amount of inventory)
A plant makes four different models of DeskJet printers. Up to now, it has been producing each model only once every week (for example, Model A on Mondays, Model B on Tuesdays and part of Wednesdays, Model C on Wednesdays and Thursdays, and Model D on Fridays). There is a proposal to move from weekly to daily schedule and produce some of each model every day. Total weekly production output would be the same. Changeover times and costs (from one model to another) are insignificant.
Would this change reduce or increase:
a) The level of inventory of printers in the supply chain after the plant? Why?
b) The level of "work in process" inventory in the plant (i.e., number of printers being assembled)? Why?
c) The intensity of the "bull whip" in the entire supply chain? Why?