Explain how the material that you have encountered during this term will enable to you to be a better employee or manager of
I need 3 pages of answer to these 20 questions regarding management.
- 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.
- Describe some of the steps you would take to ensure a low-cost position in an operation where you are the manager.
- Explain how the work of Frederick Taylor and the Gilbreth’s are useful in reducing waiting lines in the service industry.
- With the goal of optimizing inventory, what would you look for in each of the three major inventory categories?
- Among the cases that we have analyzed, which acquisition do you think was the most ill-advised, and why?
- Summarize what you thought were the two most interesting and meaningful aspects of Bob Kill’s presentation to the class?
- Among the cases analyzed in class, which company you believe was the worst in handling inventory efficiency, and why?
- 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?
- What are three things that you found interesting in Todd Macgregor’s talk to the class?
- Describe how, and why, Determinist Models can improve forecasting.
- 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.
- Provide two examples of products that have been unsuccessful according to the five-part criteria we discussed in class.
- 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.
- Among the people we have discussed, or studied, or mentioned in class, who would you most like to work for and why?
- What were three key points from the presentation of Joe Schwartz?
- What were three key points from the presentation of Joan Schatz?
- As you completed the project, what two findings did you NOT expect to find about the company you examined for your Operations Assessment project?
- What have you learned about low-cost operation that will likely help you in your career?
- What have you learned about product differentiation that will likely help you in your career?
- What have you learned about appropriate organization and leadership that will likely help you in your career?
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