Reference no: EM131180439
Write a detailed paper (2,000-2,500) answering the following series of questions. Discuss your answers with your trainer/ assessor and utilise the text in this document plus other readings (which must be correctly cited and referenced) to answer the questions and to justify your answers. Where appropriate, support your answers with workplace examples.
Explain what operations planning is, and detail the processes that should be followed to develop and implement operational plans. Outline the risk analysis procedures that might be followed and the procedures that would be followed to develop contingency plans. What sorts of controls might be put in place and why are they necessary? Detail also the procedures that would be followed to acquire and disburse resources. What is the purpose of a budget and how does the budget impact on operations plans?
Plans must be converted into action. Action is dependent on appropriate inputs. Output quality is dependent on input quality. What does this mean to you and to the choices an organisation might make with regard to suppliers?
Inputs are resources. Staff are one of the organisation's most important resources. This means that each organisation should develop and implement suitable recruitment, selection and induction procedures. What are the characteristics of good recruitment, selection and induction programs?
Once plans are put in place they must be monitored and evaluated. Explain why this is necessary and the strategies that might be followed to do this. What actions might be taken if performance does not meet predetermined standards?
Organisations must develop record keeping systems and must keep accurate and reliable performance records. Why is this necessary and how might this best be done?
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Which party will commonly set the exterior nosings
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Managed funds may be open-end funds or closed-end funds
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Define money and outline its major functions
: a) Define Money and outline its major functions. b) Explain the various motives of holding money.
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What are the projects annual cash flows in years
: You must evaluate a proposed spectrometer for the R&D department. The base price is $260,000, and it would cost another $39,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 3-year class and would be sold aft..
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Develop and implement operational plans
: Explain what operations planning is, and detail the processes that should be followed to develop and implement operational plans. Outline the risk analysis procedures that might be followed and the procedures that would be followed to develop cont..
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Gerenuk company lowest net relevant cost
: Alternatively, the facilities could be rented out at $80,000 per year. Given all of these alternatives, what is Gerenuk Company's lowest net relevant cost for the parts?
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Identify costs revenue and the economic losses on your graph
: Identify costs, revenue, and the economic losses on your graph. Using your graph, determine whether this firm will shut down in the short run or choose to remain in the market. Explain your answer.
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Describe how you would model positive leadership behaviour
: Describe what you think is the best way to respond to the Store Managers behaviour. Describe how you would model positive leadership behaviour.b. Describe the principles of emotional intelligence that the Store Manager did not demonstrate.
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Accounts receivable turnover is significantly lower
: You are analyzing ABC Company, a computer manufacturer. You notice that inventory turnover this year is significantly lower than prior years. You also notice that accounts receivable turnover is significantly lower this year when compared to previous..
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