Operations Management
Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world.
This was one of the most valuable courses I have ever taken in my academic career as it blended the practical, pragmatic aspects of supply chain management with the powerful frameworks and concepts of Six Sigma, Statistical Process Control, demand management, supply chain management and operations management. The key concepts and topics that made me a stronger candidate entering the business world include understanding the buyer-supplier relationship, how to measure it both from an efficiency and quality standpoint, and how to plan for contingences (Srinivasan, Mukherjee, Gaur, 2011). In addition the many insights gained of how to use the SCOR Model for optimizing supply chain performance, in addition to its use for mitigating risk across diverse supplier relationships (Li, Su, Chen, 2011) will be invaluable for the long-term. The focus on modeling business processes and aligning market demand to the...
The reputation aids in moving of the organization's products in the market. It also safeguards the company's various brands against lawsuits, which may hurt its performance. The company's chief executive officer is on record asserting that the food and health quality is paramount as it reflects how the organization handles its employees as well as consumers. KORE sees to it that the company's culture and organizational structure are safeguarded
In this regard, Lin and Lin add that, "The Chinese personal computer manufacturer wanted to increase its share in Western markets. The acquisition hoisted the manufacturer from 9th place to 3rd place in terms of PCs sold. These acquisitions illustrate China's desire to spend low-cost money to acquire existing brands and distribution access, as well as securing additional outlets for other Chinese produced goods" (2008, p. 32). Planning and control. Although
Production and Operations Management: Case Study of Hudson Alpine Furniture Organizational growth is among the chief objectives for nearly any small business. However, particularly for small business of limited resources and scale, sometimes this growth can come on more rapidly than expected. In such instances, it is incumbent upon the organization to accommodate this growth. This often calls upon organizational leaders to make difficult decisions about how best to proceed. Such
Management - Is it an Art or a Science? Management is Art Management has a lot more closely attached to art than it is to science. Business management is about working with, as well as influencing other people to fulfill the goals of both the corporations and its associates (2). Managing in the New Era Quick transformations that are far-reaching all through each and every feature of business today prompts the corporations to reorganize
A broader empirical analysis of the levers of control framework reveals that the differences in the efficacy and appropriateness of this approach depend on whether or not the system of control and measurement is engaged with primarily as a diagnostic device, or more as an interactive system (Widener 2005). As noted above, interaction is a key element of the framework -- arguably the most important element, as the others are
76). As automation increasingly assumes the more mundane and routine aspects of work of all types, Drucker was visionary in his assessment of how decisions would be made in the years to come. "In the future," said Drucker, "it was possible that all employment would be managerial in nature, and we would then have progressed from a society of labor to a society of management" (Witzel, p. 76). The
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