Do you believe lean operating philosophy apply in restaurant

Assignment Help Marketing Management
Reference no: EM13890300

At an initiation banquet for new members of your business club, you are talking with two college students who are majoring in marketing. In discussing the accounting course they are taking, they mention that they are having difficulty understanding lean operations. They have read that the elements of a company's operating system support the concepts of simplicity, continuous improvement, waste reduction, timeliness, and efficiency. They realize that to understand lean thinking in a complex manufacturing environment, they must first understand lean operations in a simpler service context. They ask you to explain the lean operating philosophy and provide an example.

Briefly explain lean operations. Apply the elements of a JIT operating system to the restaurant where the banquet is being held. Do you believe a lean operating philosophy applies in all restaurant operations? Explain your answer.

Reference no: EM13890300

Questions Cloud

Assume that the yield to maturity remains constant : A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon and sells for $1,080. A) Assume that the yield to maturity remains constant for the next 4 years. What will the price be 4 years from today?
How will the automated systems change product costing : How will the automated systems change product costing? What are some cost drivers that the company should employ? In what situations should it employ them?
An investor has two bonds in his portfolio : An investor has two bonds in his portfolio that both have a face value of $1,000 and pay a 10% annual coupon. Bond L matures in 13 years, while Bond S matures in 1 year. Assume that only one more interest payment is to be made on Bond S at its maturi..
What do high and low values of kurtosis imply for the shape : What do high and low values of kurtosis imply for the shape of a frequency distribution? Draw a diagram to illustrate your answer.
Do you believe lean operating philosophy apply in restaurant : Briefly explain lean operations. Apply the elements of a JIT operating system to the restaurant where the banquet is being held. Do you believe a lean operating philosophy applies in all restaurant operations? Explain your answer.
Determine the required monthly payments : Michael Roddick a 27-year-old bachelor Jiving in Charlottesville Virginia, has been a high-school teacher for five years. For the past four months, he's been thinking about buying a Subaru Outback, but he feels that he can’t afford a brand-new one. D..
What issues associated with the representation and deal : Please list the possible issues/concerns/problems that may be associated with the representation and deal. Focus on agency, ethics/fair housing, listing/buyer representation agreements, agreements of sale and any corresponding documents
Net cash flows associated with the project : Great Lakes Clinic has been asked to provide exclusive healthcare services for next year's World Exposition. The clinic manager’s wanted to conduct a financial analysis of the project. An up-fron cost of $160,000 is needed to get the clinic in operat..
Which of the two points is the better location : A square grid is placed over a city map. There are residential areas at the coordinates (0,1), (2,3) and (5,6). The respective populations of the three areas are 2500, 2000, and 3000. A centralized facility is being considered for either the point..

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd