...TABLE OF CONTENTS Title Page Question Paper Answer 1 Answer 2 Answer 3 Answer 4 Soft Copy 1 2 4 5 6 8 Question 1, What types of decisions must Chad Thomas make daily for his company’s operation to run effectively? Over the long run? In operation managements, there are basically ten critical decisions. Those are; Service and product design, Quality management, Process and capacity design, Location, Layout design, Human resources and job design, Supply-chain management, Inventory management, Scheduling, and finally Maintenance decision. Based on Chad’s Creative Concepts case study, I can conclude that Chad Thomas is now need to make those decisions to make sure the operation of his company flows effectively without stopping at any stage up to the current situation. The situation that Chad is facing is between the manufacturing and turn over. There is no problem with his existing staffs according to the case text. Therefore, Chad now needs to focus on inventory, scheduling, and maintenance to make the right decisions for each of it. Based on text, his manufacturing of standard line has many raw materials in manufacturing as work in process. This makes the progress is slow and caused Chad’s company unable to make a good turn over. They came across a critical situation as their finance status is not promising and not satisfying. Now, he need to make scheduling decision to make sure there is not many raw materials...
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...seminars and workshops. Our mission is to provide our clients with business services that will help them become more successful and to become a leader in their area of business. The company was founded by six (6) MBA students in 2013 who’s varying concentration (Marketing, Finance, General Management) propelled SBS into maintaining a number of external investments globally. SBS is known for its ability to offer several corporate giants and small business units the opportunity to further expand their business portfolio internationally. The company boasts a clientele of over three hundred and the services offered is unmatched by no other firm of this nature. ASSUMPTIONS Synergy Business Solutions assessed Chad’s Creative Concepts (CCC) operations and based on the problem state problem here identified and investigated, the following assumptions were brought to the fore: 1. The company’s management assumed that they would have been able to fulfil orders of both custom as well as standard lines using the same machines; resulting in standard products being delayed as custom products were given priority on the production lines. 2. CCC lacks the staffing expertise (Management, Technical and Administrative) to move the business from its current state to a more competitive and profit making venture. This is due to the back-log of unfinished furniture coupled with the increasing...
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...Chapter 1 Competing with Operations DISCUSSION QUESTIONS 1. Answering this question demonstrates that processes underlie all of our jobs. What might be surprising is how many students would put their job in the category of “other,” suggesting that many jobs do not fall neatly into any one functional area. Perhaps many in the “other” category might best be called “operations” on further reflection. Customers, both internal and external, are part of each process, and the goal is to manage the processes to add the most value for them. 2. Amazon.com offers a very broad range of services and products at competitive prices. Its competitive priorities would include fast delivery time, on-time delivery, customization, variety and low-cost operations. As a business, Amazon.com is actually assembling a customized basket of goods that must be delivered in a short window of time in a dependable fashion. Low-cost operations are needed to remain competitive. To remain in business, Amazon.com needs to maintain high volumes of traffic. Operations strategy must focus on stock availability and quick, economical, and dependable delivery. 3. The hospital’s commitment to provide attention to patients arriving to the emergency unit in less than 15 minutes and never to turn away patients who need to be hospitalized implies that the facility must be designed to have extra capacity in both beds and emergency room facilities. It must plan on having extra personnel...
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...To: Chad Thomas From: Subject: Impact of standard line on manufacturing process Date: 05/24/15 Business Brief Chad Thomas is the founder of Chad’s Creative Concepts, a company that designs and manufactures wood furniture near Lake Erie in Sandusky, Ohio. Thomas, an “outdoors” type of person, wanted to bring that design into the home, and began creating custom-made wooden furniture for vacation homes along Lake Erie, Kelly’s Island, and Bass Island. Sales took off, and the company chose to produce a retail line of their popular pieces. The company still operates a single manufacturing process for the two lines, and profits are decreasing from additional inventory and rental space needed to accommodate the inventory size (Krajewski, Ritzman, & Malhotra, p.29-30). Manufacturing Conflicts Sales and marking affected Chad’s manufacturing operations negatively when they added a retail line of their standard pieces. The company added a second line, but still operates with a single manufacturing process. The manufacturing process they have in place is causing the company extra money because they are not able to produce the two lines at the same time. Their custom furniture takes priority, which leaves the standard pieces in assorted phases of completion around the plant (Krajewski, Ritzman, & Malhotra, p.29-30). After Chad’s added the retail line to their company the financial structure has declined. Profits are not as high as they should be. The company is losing...
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...Production and Operations Management Chapter One: Case Study Chad’s Creative Concepts 1. Decisions: a. What types of decision must Chad Thomas make daily for his company’s operations to run effectively? i. To finish the work in process of the standard line to clear up room in the plant at the temporary expense of holding off on the current delivery of custom furniture ii. Find alternative storage capability 1. Less expensive rental 2. Allocate funds to purchase land and construct own warehouse…sink the investment into a fixed cost solution iii. Reconfigure the equipment layouts in the plant 3. Make the setup more efficient and cut down on waste attributed to going from one machine area to the next 4. Reprocess to cut down on the waste of time lost to one craftsman starting and finishing one piece of furniture a. Streamline process and create true assembly line concept to speed up completion of work load iv. Finding less expensive Suppliers v. Perhaps looking at less customization and more focus on the higher demand of types of wood for his product vi. Time to make adjustments based on choosing his best options for profitability b. Over the long-run? vii. Along with that listed above, the following needs to be looked at: 5. Consider expansion by purchasing or erecting second manufactory or expanding this one ...
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...CENTRAL PHILIPPINE UNIVERSITY School of Graduate Studies, College of Business and Accountancy A CASE ANALYSIS ON CHAD’S CREATIVE CONCEPTS Presented to JOHN E. TAMPO Professor In Partial Fulfillment of the Requirements in MBA 723- Production and Operations Management Submitted by Ardaña, Kris Diane Dacayo, Leslie Espera, Cindy Espinosa, Brix Farren, Su Sherrie Phan, Nghia Trong Sugalam, Junie December 6, 2014 CASE No. : 1 TITLE : Chad’s Creative Concepts I. TIME CONTEXT This business situation should be resolved in the next business cycle (at least, 1 year). II. POINT OF VIEW Chad Thomas, founder and owner of Chad’s Creative Concepts, hired a consultant to do management advisory services and has over 10 years of experience in management accounting for manufacturing concerns. This is based on the consultant’s sound advises. III. STATEMENT OF THE PROBLEM Chad’s Creative Concepts sales figures may be increasing for both product lines however, the Accounting department confirmed that the profit is not doing well. This case analysis is aimed at determining the best production decision and corresponding business strategies for Chad's to maximize operational profit. IV. SECONDARY PROBLEMS None V. OBJECTIVES 1. To maximize sales potential (100%) from producing wooden furniture pieces within the next business year. 2. To minimize cost of production and carrying costs as to material inputs ...
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...To: Chad Thomas, President, Chad’s Creative Concepts From: Consultant Background Chad’s Creative Concepts located on the banks of Lake Erie in Sandusky, Ohio, designs and manufactures wood furniture. The company developed a solid reputation for creative designs and high-quality workmanship. They focused entirely on custom made furniture. Their customers specify the kind of wood that’s used to create the pieces they want. As the company’s reputation grew and sales increased, the Chad’s Creative Concepts began to sell some of its more popular pieces to retail furniture stores. This has allowed the company to produce a more standard line of furniture. These buyers however, are much more price-sensitive and impose a more stringent delivery requirement. Over the past few months sales for the standard line furniture has increased, however custom made furniture has continued to dominate their sales. Although the company’s sales for the standard line has increased, scheduling trade-offs have to be made to meet the demand of the custom made products because of the higher profit margin from the custom sales. This has led to a delay in shipping of the standard line furniture, a lack of warehouse space and increased lead times for the standard line of furniture. Analysis Significant issues have been identified with the company’s standard line of furniture. Although sales have increased, the custom made line has taken precedence, leading to customers who are not able to...
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...Harvard Business Review December 2013 Artwork Chad Hagen Nonsensical Infographic No. 5 2009, digital hbr.org Analytics 3.0 In the new era, big data will power consumer products and services. by Thomas H. Davenport T hose of us who have spent years studying “data smart” companies believe we’ve already lived through two eras in the use of analytics. We might call them BBD and ABD—before big data and after big data. Or, to use a naming convention matched to the topic, we might say that Analytics 1.0 was followed by Analytics 2.0. Generally speaking, 2.0 releases don’t just add some bells and whistles or make minor performance tweaks. In contrast to, say, a 1.1 version, a 2.0 product is a more substantial overhaul based on new priorities and technical possibilities. When large numbers of companies began capitalizing on vast new sources of unstructured, fast-moving information—big data—that was surely the case. Some of us now perceive another shift, fundamental and farreaching enough that we can fairly call it Analytics 3.0. Briefly, it is a new resolve to apply powerful data-gathering and analysis December 2013 Harvard Business Review 65 Spotlight on Making Your Company Data-Friendly methods not just to a company’s operations but also to its offerings—to embed data smartness into the products and services customers buy. I’ll develop this argument in what follows, making the case that just as the early applications of big data marked...
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...Current Business Practices Audit Kimberly Johnson, Richard Siemienczuk, Karen Graham, and Chad Smestad MGT/360 December 3, 2012 Vicki Bauer Current Business Practices Audit The learning team conducted an audit of Riordan Manufacturing’s current business practices at its processing plants located in California, Georgia, Michigan, and China. The business sustainability worksheets used to complete the evaluation aided the team in locating common areas of non-sustainable practices relating to land, water, and air pollution. The three non-sustainable practices evaluated further are solid waste, and hazardous waste causing land pollution, hazardous waste causing water pollution, and gaseous waste causing air pollution. These areas are the most harmful to the immediate population, which includes the plant workers and the communities. Solid Waste and Hazardous Waste Causing Land Pollution One of the non-sustainable practices is adding to land pollution. Currently, off-spec materials are sent to the landfill (Apollo, 2012). In addition to this, scrap plastic managed as waste goes to the landfill (Apollo). The biggest problem is that plastic is not biodegradable. When plastic and off-spec products are sent to the landfill, breakdown occurs but at minimal rates and these take longer to biodegrade over time. To remain compliant with government regulations, Riordan Manufacturing is required to identify hazardous waste generated each month if it exceeds 2,200 pounds (Apollo...
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...University ILR School DigitalCommons@ILR Student Works ILR Collection Spring 2013 Which Organizations are Best in Class in Managing Diversity and Inclusion, and What Does their Path of Success Look Like? Pin Zhou Cornell University Daniel Dongjin Park Cornell University Follow this and additional works at: http://digitalcommons.ilr.cornell.edu/student Part of the Human Resources Management Commons This Article is brought to you for free and open access by the ILR Collection at DigitalCommons@ILR. It has been accepted for inclusion in Student Works by an authorized administrator of DigitalCommons@ILR. For more information, please contact hlmdigital@cornell.edu. Which Organizations are Best in Class in Managing Diversity and Inclusion, and What Does their Path of Success Look Like? Abstract Question: Which organizations are best in class in managing diversity and inclusion, and what does their path of success look like? What are the criteria to measure ‘best in class’? Keywords human resources, diversity, inclusion Disciplines Human Resources Management Comments Suggested Citation Zhou, P. & Park, D. (2013). Which organizations are best in class in managing diversity and inclusion, and what does their path of success look like? Retrieved [insert date] from Cornell University, ILR School site: http://digitalcommons.ilr.cornell.edu/student/46/ Required Publisher Statement Copyright by the authors. This article is available at DigitalCommons@ILR:...
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...THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY PETRONAS: A NATIONAL OIL COMPANY WITH AN INTERNATIONAL VISION BY DR. FRED R. VON DER MEHDEN RICE UNIVERSITY WITH AL TRONER ASIA PACIFIC ENERGY CONSULTING PREPARED IN CONJUNCTION WITH AN ENERGY STUDY SPONSORED BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY AND JAPAN PETROLEUM ENERGY CENTER RICE UNIVERSITY – MARCH 2007 THIS PAPER WAS WRITTEN BY A RESEARCHER (OR RESEARCHERS) WHO PARTICIPATED IN THE JOINT BAKER INSTITUTE/JAPAN PETROLEUM ENERGY CENTER POLICY REPORT, THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS. WHEREVER FEASIBLE, THIS PAPER HAS BEEN REVIEWED BY OUTSIDE EXPERTS BEFORE RELEASE. HOWEVER, THE RESEARCH AND THE VIEWS EXPRESSED WITHIN ARE THOSE OF THE INDIVIDUAL RESEARCHER(S) AND DO NOT NECESSARILY REPRESENT THE VIEWS OF THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOR THOSE OF THE JAPAN PETROLEUM ENERGY CENTER. © 2007 BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY OF RICE UNIVERSITY THIS MATERIAL MAY BE QUOTED OR REPRODUCED WITHOUT PRIOR PERMISSION, PROVIDED APPROPRIATE CREDIT IS GIVEN TO THE AUTHOR AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY ABOUT THE POLICY REPORT THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS Of world proven oil reserves of 1,148 billion barrels, approximately 77% of these resources are under the control of national oil companies (NOCs) with no equity participation by foreign, international...
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...Advanced Accounting Beams Anthony 11th Edition Solutions Manual Click here to download immediately!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/advanced-accountingbeams-anthony-11th.html ----------------------------------------------------------------------Advanced Advanced Advanced Advanced Accounting Accounting Accounting Accounting Beams Beams Beams Beams Anthony Anthony Anthony Anthony 11th 11th 11th 11th Edition Edition Edition Edition Solutions Solutions Solutions Solutions Manual Manual Manual Manual -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Advanced Accounting Author: Beams Anthony Edition: 11th ISBN-10: 0132568969 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your helper. Delivery is in the next moment. Solution Manual is accurate. Buy now below and the DOWNLOAD LINK WILL APPEAR IMMEDIATELY once payment is...
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...Organizational Theory, Design, and Change Jones 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/organizational-theory-d esign-and-change_18.html ----------------------------------------------------------------------Organizational Organizational Organizational Organizational Theory, Theory, Theory, Theory, Design, Design, Design, Design, and and and and Change Change Change Change Jones Jones Jones Jones 6th 6th 6th 6th Edition Edition Edition Edition Test Test Test Test Bank Bank Bank Bank -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Test Bank in e-version of the following book*** Name: Organizational Theory, Design, and Change Author: Jones Edition: 6th ISBN-10: 0136087310 Type: Test Bank - The test bank is what most professors use an a reference when making exams for their students, which means there’s a very high chance that you will see a very similar, if not exact the exact, question in the test! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your...
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...The Fraud of the Century: The Case of Bernard Madoff The fraud perpetrated by Bernard Madoff which was discovered in December, 2008 is based upon a Ponzi scheme. Madoff took money from new investors to pay earnings for existing customers. The greater the payout to retiring and withdrawing customer, the more revenue or clients he would need to start and “investment relationship” with Madoff. The Ponzi scheme was named after Charles Ponzi who in the early 20th Century, saw a way to profit from international reply coupons. International reply coupons were a guarantee of return postage in response to an international letter. Charles Ponzi determined that he could make money, legally, by swapping out these coupons for more expensive postage stamps in countries where the stamps were of higher value. While making a significant profit with this system, Ponzi got the idea of enticing investors to provide him more capital to trade coupons for higher priced postage stamps. His promise to investors was a 50% profit in a few days. Touted as a financial wizard and the ‘Warren Buffet’ of his day, Ponzi lived outside Boston, he had a fairly opulent life bringing in as much as $250,000/day. Part of Ponzi’s success came from is personal charisma and ability to con even savvy investors. The promised payout was supported by the new investors anxious to take advantage of these robust returns because he appeared to create an image of power, trust, and responsibility. In July of 1920...
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...Consulting Word count: 5821 612 Operational Management 2014-12-11 Hjalmtyr Daregård 21835 612 Course 612 Live Project 2014-12-11 Abstract This report investigates what the key time drivers are throughout the NGO Reach for Change (R4C). Our main focus has been to find time drivers and needed support functions throughout the organization and come up with solutions to improve efficiency in time management. A mission to decrease workload, keep employees happy and output level constant. Due to an already stressed and over-worked work force, recommended solutions have been of low effort and relatively high benefit nature. Initially we recommend that R4C start to focus on improving structures on how to find information and documents. This shall be achieved by standardize folder-structure routines and use of indexation. 2 612 Course 612 Live Project 2014-12-11 Table of contents I page number I 1 Introduction 1.1 The purpose of the Live Project 1.2 Project objectives 1.3 The scope of the project 1.4 Introduction to Reach For Change 1.5 Business incubators for social entrepreneurs 3 3 3 3 3 4 2 Methodology 2.1 Pre-study 2.1.1 Meetings with members of R4C 2.2 Data gathering 2.2.1 In-depth interviews 2.2.2 Survey/Questionnaire 2.3 Use of models and theories 6 6 6 6 6 6 6 7 9 8 9 9 9 10 10 11 13 21 21 21 22 22 23 24 3 Analysis 3.1 Analysis Part 1 3.1.1 Input-transformation-output model 3.1.2 Operations 3.1.3 The 4V’s process 3.1.4 Service process...
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