LEARN MORE...

Home
Documents
February 2012
3
Question answers on Operation management

Question answers on Operation management

Content type

User Generated

Type

Study Guide

Uploaded By

bznevbjra1

Pages

Showing Page:

1/10

Surname 1

Name

Instructor

Task

Date

Operations Management

ESSAY QUESTIONS

1. What is operations management? Why is it important? Is a good knowledge of

operations management more important in service or manufacturing industries?

Operations management deals with designing, overseeing, and controlling the production

process as well as redesigning operations of business through the production of goods

and services. This concept is important because it brings about efficiency in the company.

It is more important in manufacturing industries which run on machines and chained

processes, as they enhance effectiveness and efficiency.

2. Discuss the use of PERT/CPM techniques for managing projects. Describe what

PERT/CPM does. Discuss advantages and disadvantages of using it. What other

techniques might you choose to manage your project?

PERT/CPM are management techniques used to control major projects and which

enable a project manager to ensure the said project runs through the set standards and

objectives. They are advantageous because they create a threshold on how to undertake a

project. However, the only disadvantage is that they are involving and require a strong set

of skills to run professionally. Another method useful in managing a project include the

backwards pass technique.

3. What are economies of scale in a manufacturing plant? Do they continue

forever? What are diseconomies of scale? How might you decide the optimal size

of a plant?

Economies of scale of a manufacturing plant exist when it produces more products

using fewer resources, and as such, has more products for sale. These economies of scale

continue over a period, and the management team can maintain them to run forever by

conducting a constant analysis of the market twists and turns. Diseconomies of scale

Showing Page:

2/10

Surname 2

result when the company faces losses when it increases its production capacities. As such,

the company should conduct an analysis of their optimal production capacity in order to

ensure maximum results

4. What, in your opinion are the 3 most important issues in supply chain

management. Discuss why you think these are the key issues.

The three most important issues in supply chain management are the need to reduce

operational costs, the need to manage complexities, and the need to develop talent within

its chain of operations. Supply chain requires a number of costs that result in a huge

operational expense for the company. As such, there is great need for managers of these

supply chains to be in a position to control costs. In addition, they should also be able to

develop talents of those taking part in the entire process as skills lead to efficiency.

5. Discuss why (or if) inventories are necessary. What are the benefits of

inventories? What are the disadvantages of holding inventories?

Inventories are necessary in the management of stock within the company. It enables a

company to monitor its movements as well as ensure they have the optimal inventory

levels at all times, i.e. not too much to increase the holding costs expense, or too small to

increase the ordering cots expenses. Inventories also enable the company to know its

optimal capacities, and its re-order levels.

PROBLEM QUESTIONS

1. Thermostats are subjected to rigorous testing before they are shipped to air

conditioning technicians around the world. Results from the last five samples are

shown in the table. Draw and R Chart and an x-bar chart. Based on the charts, is the

process under control? (20 Points)

Observations

Sample 1 2 3 4 5

1 73.5 70.8 72.2 73.6 71.0

2 71.3 71.0 73.1 72.7 72.2

3 70.0 72.6 71.9 72.4 73.3

4 71.1 70.6 70.3 74.2 73.6

Showing Page:

3/10

End of Preview - Want to read all 10 pages?

Access Now

Unformatted Attachment Preview

Name Instructor Task Date Operations Management ESSAY QUESTIONS 1. What is operations management? Why is it important? Is a good knowledge of operations management more important in service or manufacturing industries? Operations management deals with designing, overseeing, and controlling the production process as well as redesigning operations of business through the production of goods and services. This concept is important because it brings about efficiency in the company. It is more important in manufacturing industries which run on machines and chained processes, as they enhance effectiveness and efficiency. 2. Discuss the use of PERT/CPM techniques for managing projects. Describe what PERT/CPM does. Discuss advantages and disadvantages of using it. What other techniques might you choose to manage your project? PERT/CPM are management techniques used to control major projects and which enable a project manager to ensure the said project runs through the set standards and objectives. They are advantageous because they create a threshold on how to undertake a project. However, the only disadvantage is that they are involving and require a strong set of skills to run professionally. Another method useful in managing a project include the backwards pass technique. 3. What are economies of scale in a manufacturing plant? Do they continue forever? What are diseconomies of scale? How might you decide the optimal size of a plant? Economies of scale of a manufacturing pla ...
Purchase document to see full attachment