Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Get Free Quotes Post Your Requirements

Operations analysis

07/08/2020 Client: felana45 Deadline: 10 Days

 



  • Operations management is the core of any business. Understanding the basics of operations management and the associated best practices allows you to understand the importance of eliminating waste, while improving quality and customer service. Inventory is no longer simply a necessary evil, but a means by which companies have found ways to gain competitive advantage.By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

    • Competency 1: Assess the role of operations management within organizations.

      • Analyze a production decision using an aggregate production rate approach.

      • Analyze a labor related production decision.



    • Competency 2: Apply the tools and technology used in Operations Management.

      • Analyze an inventory decision using an economic order quantity approach.

      • Analyze an inventory decision using a reorder point approach.

      • Describe key forecasting methods.





  • CONTEXT

    The old management philosophy was to have enough inventories ahead in the system to make sure the customer received the product. This required massive warehouses, tons of raw materials, and a waste of time and efficiency.All businesses are affected by their operations—how they transform inputs into useable outputs. Most companies do not have all the best practices in place, but are striving to incorporate some of them into their culture.The document contains important information related to the following topics:

    • Aggregate Planning.

    • Sales Forecasting.

    • Scheduling.



  • QUESTIONS TO CONSIDER

    To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.

    • How are inventory management and aggregate planning similar? How do they differ?



  • RESOURCES

    SUGGESTED RESOURCES

    The following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.Capella Resources

    Click the links provided to view the following resources:

    • Library Resources

      The following e-books or articles from the Capella University Library are linked directly in this course:

    • Muller, M. (2011). Essentials of inventory management (2nd ed.). Saranac Lake, NY: AMACOM Books.

    • Lowe, D. (2002). The dictionary of transport and logistics. London, GBR: Kogan Page.

    • Course Library Guide

      A Capella University library guide has been created specifically for your use in this course. You are encouraged to refer to the resources in the BUS-FP4014 Operations Management for Competitive Advantage Library Guide to help direct your research.Bookstore Resources

      The resources listed below are relevant to the topics and assessments in this course and are not required. Unless noted otherwise, these materials are available for purchase from the Capella University Bookstore. When searching the bookstore, be sure to look for the Course ID with the specific –FP (FlexPath) course designation.

    • Reid, R. D., & Sanders, N. R. (2016). Operations management: An integrated approach (6th ed.). Hoboken, NJ: Wiley.

      • Chapter 8, "Forecasting."

      • Chapter 13, "Aggregate Planning."

      • Chapter 15, "Scheduling."





  • ASSESSMENT INSTRUCTIONS

    SCENARIO

    For this assessment, suppose that you are the operations manager for ABC Manufacturing, a small manufacturing company founded three years ago. ABC has been manufacturing and selling an electric motor for the past year, but the company has not always had sufficient workers assigned to manufacturing this electric motor in order to satisfy demand. ABC's president asked you to plan for the production of this motor for the next six months.You have decided you will use a level aggregate plan for the electric motor, meaning that you will manufacture the same number of units each month. ABC's president has told you that some customers order this motor well in advance of when needed, and thus it is allowable to have backorders, if needed. You know there are currently 150 units in inventory (starting inventory = SI), and ABC's marketing manager estimates that the demand for the motor (in units) for each of the next six months (M = 6) will be 240, 225, 265, 270, 260, and 275 (D1, D2, D3, D4, and D5 respectively). You have decided you would like to reduce average inventory level of several products (including this one), and you want to have 50 units in inventory six months from now (ending inventory = EI).DIRECTIONS

    Briefly describe the operations management issue in the ABC Manufacturing scenario and describe how you would approach an analysis. Then complete the following problems based on the scenario and provide answers to the algebraic equations.Question 1. Refer to the ABC Manufacturing scenario to complete the following:

    • Provide the algebraic equation for the monthly aggregate production rate (APR, using SI, EI, D1, D2, D3, D4, D5, and M as variables).

    • Calculate and provide the numerical monthly aggregate production rate rounded to a whole number.

    • Question 2. Production employees at ABC work an average of 168 hours per month (HPM), and manufacturing the electric motor involves 3.5 total hours of work per unit (HPU).

    • Provide the algebraic equation for the number of workers (W) needed to meet the above aggregate production rate (using W, APR, HPM, and HPU as variables).

    • Calculate and provide the numerical number of workers needed.

    • Question 3. One subcomponent in this electric motor is also used in two other products manufactured by ABC. ABC's president has told you that the company expects to use 5,400 (annual quantity = AQ) of these subcomponents during the next 12 months, with a consistent demand for them month-to-month (and a consistent demand during each month, with the business day daily demand, DQ, being 22). He has further told you that it costs $10 to place an order (order cost = OC) for this subcomponent (regardless of the quantity ordered), that the annual holding cost is $2 per unit (unit holding cost = UHC). Finally, he has stated that out of 21 business days per month, there is a five business day lead time (LT = 5) associated with ordering this subcomponent.

    • Provide the algebraic equation for the economic order quantity (EOQ, using AQ, OC, and UHC as variables).

    • Calculate and provide the numerical economic order quantity rounded to the closest whole number.

    • Question 4. Refer to the ABC Manufacturing scenario to complete the following:

    • Provide the algebraic equation for the reorder point (RP, using DQ and LT as variables).

    • Calculate and provide the numerical EOQ, rounded to the closest whole number.

    • Question 5. Historically, ABC has based its production on estimates from the company's marketing manager. While that has generally been successful, you have decided you would like to factor in an operations management approach to estimating demand.

    • Describe the following forecasting methods. Provide the math associated with each method and identify the pros and cons of using it:

      • Naïve.

      • Simple mean.

      • Simple moving average.

      • Weighted moving average.

      • Exponential smoothing.

      • Linear trend line.





Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!
Answer.docx Turnitin Report.pdf Contact Writer For Solution Contact Writer For Solution

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed
Order Now

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed
Order Now

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed
Order Now

6 writers have sent their proposals to do this homework:

Essay Writing Help
Assignment Hub
Academic Master
Writer Writer Name Offer Chat
Essay Writing Help

ONLINE

Essay Writing Help

I can provide plagiarism-free work for you within your given deadline. My professional writing career started around 5 years back with a local writing company in my city where I have produced 1000+ documents for my clients.

 $55 Chat With Writer
Assignment Hub

ONLINE

Assignment Hub

I feel, I am the best option for you to fulfill this project with 100% perfection. I am working on this forum since 2014 and I have served more than 1200 clients with a full amount of satisfaction.

 $55 Chat With Writer
Academic Master

ONLINE

Academic Master

I have super grip on essays, case studies, reports and discussion posts. I am working on this forum from last 6 years with full amount of satisfaction of my clients.

 $60 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Post your homework

Similar Homework Questions

Bob bullock museum exhibits - The jilting of granny weatherall literary analysis answers - Shaping and chaining reinforcement schedules and one trial learning - Amazon in emerging markets pdf - Mechanics of fluids lab report - Datamining Disussion:cluster of objects from a binary transaction data set. - The stock of nogro corporation is currently - Leisure lakes bikes cheltenham - The odyssey book 12 quotes - POL 201 American National Government NO PLAGIARISM PLZ This will need be a topic for Final paper - Case Study - What are the five main accident investigation techniques - In the garden of shadows - Storage organs in humans - Skyjack scissor lift service manual - Apply moderate effect smartart style powerpoint - Nuclear equation practice worksheet - Cesim quiz answers - Cloud Computing - Nativity church kindergarten review - HTML programming Exercise 14.1 and 14.2 - 3 slide power point - 5 communications of love - Rmit special consideration online - Amcb collection - Protons and electrons in calcium - Business - Assignment due sept x13 - Fm 7 22 corrective action - Oh you want too much she cried to gatsby - Discussion Board (Respond to student post) - Wish you wood toy store - Mk wiring accessories catalogue pdf - Three ways in which risks are measured - Alis ben johns - Racq roadside assistance call - Melchizedek priesthood ordination record - Aecc global philippines reviews - Wk 1, IOP 470: DR, 2 - Lyell mcewin hospital emergency department expansion - Management functions assignment - Act 1 scene 2 hamlet soliloquy - Rn to bsn role transition articles - I need this homework - Height of lamp post singapore - Postulates of special theory of relativity ppt - Christina rossetti a triad sonnet - Need essay done - Presto company makes radios that sell for - Gattaca biology questions and answers - Sonnet to an american painter departing for europe - Bangladesh high commission canberra postal address - Essay on impact of social networking sites on students - Interesting facts about argentina - 10/1 - Wms implementation project plan example - Andalusians for sale in california - Conclusion on why cell phones should be allowed in school - Business Strategies (Specific Assigned Topic) - One of britain's largest children's hospitals working with a ferrari racing team is an example of: - Ogden publications magazines - Accounting - Galen college of nursing syllabus - Galilean telescope lens design - Ethical violations in milgram's study - One ski in the grave - Memo writing on wastage of stationary - Order 2633476: Read Instructions - Inverse square law radiation graph - Mole ratio of khp to naoh - Chavez company most recently reconciled - Mastering Your CIPD Assignments: Expert Tips from CIPD Assignment Help Specialists - Ais prism firearms simulator - Oscar brand charlotte the harlot - Characteristics of beowulf with quotes - Fractions and decimals stage 3 - Changing ways of life - Call of the wild author - Strategic management - Va form 22 1990 - Siemens builds a strategy oriented hr system solution - London colney primary school - Economics - Table 1 part 1 chromatography data - Literature review of 5G amplification - ACC 499 Week 8 Discussion 2 "Ethics Rule and Illegal Acts" - Emirates id sdk toolkit download - All about italy powerpoint - Candide chapter 10 summary - Similes for ice cream - Week 6 World religion - Nursing considerations for pulmonary embolism - PLAGIARISM FREE "A" WORK 18 HOURS or LESS - CASE STUDY - Interface level measurement calculation - Best free cuckold sites - Mrs gren science meaning - Knife edge beam measurement - Main roads wa standards - Homework