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

Why would banquo prefer not to sleep - Geometry trig word problems worksheet - 41/20 anchorage circuit twin waters - Durgadevi guhagar bhakta niwas - Questionnaire on cashless policy - Harry garlick warehouse earby - W6 - How to cite sentinel city in apa format - Public speaking - Lightning panel board symbol - How do the results in data tables 1 and 2 support the role of a buffer? - There is a longing chief dan george poem - Classroom connections kath murdoch - Https engage forcenet gov au - Bus 100 assignment 3 step 4 - Lessons learned from bsg game - Hefei meiling co ltd - A rectangular coil of wire 22.0 by 35.0 - Gratowin - Enterprise Architecture - Conclusion for an experiment - Abraham lincoln second inaugural address rhetorical essay - As you have matured, you have developed your own morals and values to which you adhere. Understanding these morals and values can help you set goals for future employment. Develop a priority list of important values and ethical standards by which you live. Then answer these questions: How will these impact your job search? Be sure to describe how job industries, job roles, business mission statements, salary, etc. (add whatever else you expect) will be involved. Are there any trades-offs that you expect you will have to make in order to get a job? - How to design a coat of arms middle ages - Amico pizza lenah valley - Critiquing floral arrangements crossword answers - Examine and understand leadership theory and apply it in team environments. - Dept of housing toowoomba - Nursing - Cascade apartments baw baw - Does domino's deliver heart shaped pizzas - Network management system definition - Introduction to applied linear algebra solutions - American society for public administration code of ethics - Essay on tomorrow when the war began - Natty cat litter stockists - Week 9 - Conservation of mass demonstration - Health care practices of appalachian people - Eadership theories matrix - What does bonnie lass mean - Virtual museum project - How to find final temperature using specific heat - Clipsal lifesaver smoke alarm - A streetcar named desire 1995 cast - Requirement review in software engineering - Discussion: transition into nursing - Cost management accounting and control edition - Cycling event sponsorship proposal - Gane sarson symbols - Facilitating empowerment in disability - English Communication - Nonstop sql mx reference manual - Walmart point of sale system - Nursing - Bsbmgt616 develop and implement strategic plans answers - Singtel data only plan - Advantages of country club management style - 1300 word review. split into 300, 300, 300, then 400 (no more than 400 on the last part) based on YOUR KIDS AT RISK 2007 BY MEEKER - John lennon working class hero - Peaceful mountain stomach rescue recall - Gabriela montero biography - Is britannica a reliable source - Sex drugs and bingo - Strong inversion in mosfet - Naeyc standards and key elements - Stage one of the issa drawing in phase is - Jane eyre summary sparknotes - Persuasive Speech Outline - Repost - Assignment - Zero plagiarism - Engineering thermodynamics equation sheet - Love is not so important nowadays cosi - Bioflix activity homeostasis low blood glucose - The snake charmer daily paragraph editing - Dulux duramax metallic finish - Theory - Ol 125 personal leadership reflection template - Kirin usa case solution - Refusal skills work file - A good film review - Defence gap year air force - Alostar bank of commerce atlanta ga - Seismic design of building structures ppt - How does scout feel about school - Legal ethical and taxation issues in e business - Solar hot water parts - Those winter sundays pdf - Anu final exam timetable - Group incentive plans advantages and disadvantages - Trans world airlines inc v hardison - From society's standpoint cooperation among oligopolists is - In a 4- to 5-page paper, synthesize the peer-reviewed research you reviewed. - 5x 8 7x 4x 1 - Magnetic vs true north calculator - Cambridge igcse english literature - Momma jeans menu line tuscumbia al - Module 6 Forum - Mass effect 3 support raan or gerrel - Case Analysis: Xample Manufacturing Annual Draft Operating Budget - Internal persuasive messages are typically used to promote