Assignment
o Explain how the material that you have encountered during this term will enable to you to be a better employee or manager of an operation.
o Describe some of the steps you would take to ensure a low-cost position in an operation where you are the manager.
o Explain how the work of Frederick Taylor and the Gilbreth's are useful in reducing waiting lines in the service industry.
o With the goal of optimizing inventory, what would you look for in each of the three major inventory categories?
o Among the cases that we have analyzed, which acquisition do you think was the most ill-advised, and why?
o Summarize what you thought were the two most interesting and meaningful aspects of Bob Kill's presentation to the class?
o Among the cases analyzed in class, which company you believe was the worst in handling inventory efficiency, and why?
o Generate a four-place random number, remove any decimal point and write it here ______. Let that be the annual requirement for a component in number of units per year. If the cost of each unit is $1.75, the set-up and ordering costs are $15, and the holding costs are $.54 per year, what would be the Economic Ordering Quantity for that component? How would the EOQ change if a protective stock of 500 were required?
o What are three things that you found interesting in Todd Macgregor's talk to the class?
o Describe how, and why, Determinist Models can improve forecasting.
o Explain how you might us Stochastic variables to improve company planning and forecasting. Give examples of four variables that are often interesting to consider as probabilities.
o Provide two examples of products that have been unsuccessful according to the five-part criteria we discussed in class.
o What are four measurements you would like to see in the Balanced Scoreboard or Operational Review format of a company where you were employed as a manager? Provide brief reasons.
o Among the people we have discussed, or studied, or mentioned in class, who would you most like to work for and why?
o What were three key points from the presentation of Joe Schwartz?
o What were three key points from the presentation of Joan Schatz?
o As you completed the project, what two findings did you NOT expect to find about the company you examined for your Operations Assessment project?
o What have you learned about low-cost operation that will likely help you in your career?
o What have you learned about product differentiation that will likely help you in your career?
o What have you learned about appropriate organization and leadership that will likely help you in your career?
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.