The ability to effectively manage uncertainty and risk is an essential part of operations management. Using an organization of your choice, illustrate and then evaluate in a global context how risk can be managed for your chosen organization
Q: Operations management has always been associated with manufacturing activities, but in truth it can…
A: Operations management is a form of management that deals with the production and designing of…
Q: Explain briefly what is a tran shipment node in operations management
A: This same term "Transshipment Node" describes the process of removing items by one cargo vessel and…
Q: We have gone through the operations management course and learned various concepts and topics. First…
A: Operations management is important in a business to manage, control, set goals, and supervise people…
Q: To what extent do you feel it is critical that management and personnel challenges be included in…
A: Business plan refers to thinking in advance as what ,when and by whom what is to be done in future.
Q: Analyze the three types of operation support systems and three types of managment support system?…
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Q: description
A: The related concepts that focus on the Economy, efficiency, and effectiveness are the related…
Q: “Service Operations Management as a subject is significantly important for any service-oriented…
A: Service operations management recognize the service component in an organisation. It helps in…
Q: Compare viewing suppliers as adversaries with viewing them as partners?
A: The world is becoming connected these days. With the proliferation of supply chains across all…
Q: Why is supply chain management more popular today than, say, twenty years ago?
A: Supply chain management is an extremely detailed system used by small and large organizations to get…
Q: Explain the important functions of management in operations
A: Process management means the establishment of goals and the analysis, definition, optimisation,…
Q: m can be cruc
A: Strategic Decisions are the choices that are worried about the entire climate in which the firm…
Q: How the political environment of a foreign country affects decisions of an MNC, such as entry,…
A: The value proposition is the solution offered by the company on the customer's problem. For this,…
Q: Operations management has always been associate with manufacturing activities but in truth it can be…
A: Organizations can be divided into two categories: Service organizations and Manufacturing…
Q: of the university that has been digitized. What will you suggest to management of the university to…
A: Below is the solution:-
Q: How does the delivery inside and outside the internal market impact the success of operations?
A: Objective performance goals are those that help an organisation add value for customers and gain a…
Q: Interview a manager at a local company about the work he or she performs. Identify (a) the aspects…
A: Operation management is a critical mechanism for every company. It should be carried out with…
Q: Develop a comprehensive job description for the position of Operation Manager in a Logistic Company.
A: Job brief We are searching for a dependable Logistics Manager to be liable for the general…
Q: FedEx built its business on quick, dependable delivery of items being shipped by air from one…
A: FedEx Corporation offers transportation, e-commerce, and business services through its organization…
Q: Explain what do operations and supply chain managers do
A: The below are the roles and responsibilities of a director of operations and a procurement manager:
Q: Discuss the big process strategy decision and how do they affect operations
A: Strategy can be defined as the action plan which is basically designed in order to achieve long-term…
Q: An operations manager wears many hats in his workplace. Discuss the following roles played by an…
A: Operation manager:- As an operations manager, it’s your responsibility to manage the work flow and…
Q: Know the potential career opportunities in operations and supply chain management.
A: Potential career opportunities are: operations manager production analyst production manager…
Q: Why certain kinds of firm stress particular area of operations management explain briefly
A: Different sorts of businesses exist in a business context; some are for-profit enterprises, while…
Q: Explain the reason why the operations and supply chain strategy continues to change for world class…
A: The management of the movement of the flow of goods or services, from the production stage to the…
Q: What is the operations strategy of Ryanair? Give examples of its activities that helps it achieve…
A: A business strategy is defined as the set of objectives that an enterprise must achieve to overcome…
Q: Companies have the moral obligation to conduct ethical operations. There are many cases where…
A: Organizations can decide to work such that benefits just the proprietors or in manners that…
Q: “Services are very different from manufacturing. Therefore, it is not appropriate to use the same…
A: Introduction: In general, the term Business refers to an exchange of goods and services between the…
Q: Discuss this statement and comment with in examples. "Service Operations Management as a subject is…
A: Service operations management The aim of service providers is to gain customer base and satisfy…
Q: Find examples of operations and supply chain strategies. Write a few paragraphs describing the…
A: Operations: The term operations is the implementation of practical work using standards or…
Q: Explain supplier certification and explain why it can be important?
A: Supplier certification ensures that when a recognized supplier sends a shipment, it can be delivered…
Q: Describe the information needs to maintain and manage a proper level of business innovation in…
A: Nowadays, innovation is critical to business growth. Thus, innovation management is crucial to an…
Q: Use the operating structures model of operations management to discuss how operations are managed in…
A: This question is related to the topic - Operations Strategy and this topic falls under the…
Q: How would it be possible for an organization to use outsourcing to gain a competitive edge on…
A: 1 Develop Your Skills You should always be on the lookout for new ways to enhance your professional…
Q: What is required for successful value chain management? What obstacles exist to successful value…
A: A value chain describes the full range of activities that a company uses to create a product or a…
Q: Briefly describe how operations has evolved from theIndustrial Revolution to the Internet…
A: Operations are not always concerned with manufacturing or product and services but it is also…
Q: Why does the proper operations and supply chain strategy keep changing for companies that are…
A: It is critical for a business to be able to adapt quickly to changes in demand in today's…
Q: Due to recent economic downturn brought about by the global pandemic, you are tasked with reducing…
A: Organization has many goals and objectives on the basis of which they run their operation but there…
Q: Describe how any three of the OM activities in the box "What Do Operations Managers Do?" impact the…
A: Z is a Las Vegas-based online retailer that was included in Fortune's list. Customers are often…
Q: How many factors affect the design and management of operations systems.
A: Operations systems include the basic activities of operations management and the various subparts…
Q: Describe the reason why the operations and supply chain strategy continues to change for world class…
A: To be determined: the reason why the operations and supply chain strategy continues to change for…
Q: Discuss the relationship between industrial 4.0, industrial internet of things (IIOT) and big data…
A: Industry 4.0 fathoms the turn of events and reconciliation of data and correspondence innovations…
Q: Choose a company that creates a product or offers a service that you are familiar with. Using the…
A: The organization which I might want to discuss is Apple.inc. The organization has a wide range of…
Q: What are the most important goals in operations and supply chain management?
A: Operations management is described as a means or a process of managing the operations of an…
Q: Is management of operations applicable to non-profit organisations, such as universities and…
A: Below is the solution:-
Q: Discuss any five of the six main elements which forms part of customer needs.
A: Operations management is the administration of operational processes within a company to create the…
The ability to effectively manage uncertainty and risk is an essential part of operations management. Using an organization of your choice, illustrate and then evaluate in a global context how risk can be managed for your chosen organization
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- Discuss the significance of corporate risk factors in the context of business operations. Using an industry of your choice, provide examples of common corporate risk factors that organisations within that industry may encounter and advise the companies how they can proactively identify, assess, and mitigate these risks to ensure sustainable growth and success.Why is preparing for disasters to prevent disruption important in the supply chain?Identify one way a operation is addressing sustainability concerns in their business practices and what the impact has been on costs, short term and/or long term. Identify any challenges, unexpected benefits or consequences that come with the practices. This can of course include waste management, water usage, changes in supplies or products, and many other practices. If you are not currently working in the industry, research and give a short overview of what operators in your area of interest are doing in terms of sustainability.
- What plan can be used to secure enterprise systems inside and outside of the enterprise?How can an organization optimize the integration and coordination of its value chain elements to enhance overall operational efficiency and customer value?Conduct research into the most pressing areas of concern with respect to risk management. Discussion In the process of developing a strategic business strategy for an organisation, what role does risk management play?
- Explain five risk indicators Vodafone UK face in its operations and how each risk explained can be mitigated.Describe and address the series of relationships that exists between the terms hazard, risk, vulnerability, and disaster. How does your living and/or studying in Southwest Florida impact your thoughts on these concepts?Sitra Metal Manufacturing Company (SMMC) is a company that manufactures products from raw materials. It also sells directly to the customers or sells it to a middleman i.e., another business that sells it finally to the customer. SMMC is planning to move online, and they are looking for your help in understanding the following: Explain E-Commerce Business Models. Discuss the Key elements of a Business Model.
- The scenario is based on your current role as a new chef in the Pax Hotel. The Food and Beverage Manager has expressed that he is concerned about the use of energy, wastage and the impact of the hotel on the environment. He wants to implement a new plan so that Pax Hotel can conserve energy, look at reducing costs and ways to support the planet. He has asked your Executive chef to choose a “Green Team ‘to work as a group to come up with some innovative ideas and then to report back to him with their findings - (Part B) written report. You have been selected to join this team. Your first job as part of this newly formed ‘green team’ is to do a current analysis of the hotel’s environmental practices. . This includes both front and back of house areas. In your group – come up with at least a minimum of three (3) specific areas that you will focus on that you believe needs to be measured and monitored and What methods would you use to measure the current usage of the areas you…In this case study, we delve into the complex world of management within a global manufacturing company, XYZ Industries. XYZ Industries is a multinational corporation with operations spanning across multiple countries and continents. The company specializes in producing industrial machinery and equipment, and it faces a multitude of management challenges as it navigates the dynamic landscape of the manufacturing industry. One of the key management issues faced by XYZ Industries is the need for effective supply chain management. With raw materials sourced from various countries and finished products distributed worldwide, maintaining an efficient and reliable supply chain is crucial to the company's success. The management team must balance cost considerations with the need for a resilient supply chain that can withstand disruptions such as natural disasters, trade disputes, and pandemics. They also need to address issues like supplier relationships, inventory management, and demand…Critically evaluate the relationship between corporate governance and enterpriserisk management and further examine how organizations can effectively mergethese two elements.In your discussion include the King II and King III report & The best approaches to implementing ERM within the context of the above abstract.