How does data analytics support your metrics

Assignment Help Operation Management
Reference no: EM131781528 , Length: 3

Overview: Based on the readings and your own independent research, this short paper will be used so you can explore the course content deeper and apply key concepts and theories learned in your readings.

Prompt: Develop a listing of what you believe are the most important metrics for operations managers.

(Hint: Be sure to consider the triple bottom line.)

How does each metric support the overall financial performance of the organization?

What data would be used to support this metric and how would you ensure that the data are of sufficient quality? How does data analytics support your metrics?

Be sure to fully explain your rationale for selecting these metrics.

Guidelines for Submission: Considering the concepts learned in this lesson and throughout the course, submit a short paper response to the above prompt.

Your paper must be 2-3 pages in length, with double spacing, 12-point Times New Roman font, one-inch margins, and at least three sources cited in APA format.

Reference no: EM131781528

Questions Cloud

Discuss the irs audit process and identify common red flags : Describe the IRS audit process and identify common red flags on tax returns
What was the number of units started during november : A total of 25,000 units were completed and transferred out of the department during the month. What was the number of units started during November
Prepare journal entries to record the above transactions : Prepare journal entries to record the above transactions, Descriptions and general ledger account numbers are not necessary
Prepare gilbert cash budget for november : Prepare Gilbert's cash budget for November and December. Assume that Gilbert expects to have $16,000 in cash on November 1
How does data analytics support your metrics : Develop a listing of what you believe are the most important metrics for operations managers.What data would be used to support this metric.
Compute pension expense : Gordon Company sponsors a defined benefit pension plan. Compute pension expense for 2010 and 2011
Discuss the houghtons how to improve their tax position : Write a tax memo/letter advising the Houghtons how to improve their tax position
What is the budgeted cost of goods sold for april : Easy-Gro had $3,000 of mulch in inventory at April 1, and expects to have $2,000 of mulch in inventory at April 30th. What is the budgeted cost of goods sold
Estimate the process cycle time for the new product : Explain how principles of lean management could be applied to the introduction of the new product to account for adverse effects on cycle time.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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