User Account

All Pages

Operations planning and forecasting

Assignment Help Operation Management
Reference no: EM132764964

Operations Planning

This is one of the "fun" parts of being an operations manager - strategic and tactical planning. Should operations be part of the strategic planning process? Should the operations organization approve the "sales" plan before it is accepted by the organization? Why or why not. Should the operations plan contain a risk assessment as a part of the planning process? How would a tactical plan fit within the strategic planning process? Should employees have part of their "appraisal" include the goals from the tactical plan? Why or why not.

Forecasting

Forecasting techinques may vary according to the type of business - choose an industry you are familiar with to discuss their current forecasting technique for future business. What are the pros and cons of this technique? Then analyzing other techniques, such as seasonal or history, discuss why another technique might provide a different forecast for the industry.

Bill of Materials (BOM) file

Every manufactured product has a bill-of-materials (BOM) file. BOM file is extremely important in manufacturing process because it contains the following information. It contains the complete product description, listing of raw materials, assembly parts, components, the quantity of each item, and also the sequence in which the product is created. A great MRP system should have a complete BOM file, a master schedule, and the inventory records file. A clean BOM file simplifies the scheduling and control of manufacturing parts. It also makes it easier to forecast the use of the same part or assembly in a number of different products, then the total inventory investment can be minimized.

Jacobs, R. F., & Chase, R. B. (2014). Operations and Supply Chain Management 14th Edition. New York: McGraw-Hill/Irwin.

Reference no: EM132764964

Questions Cloud

How the time value of money concept results in a discounted : Assess the investment option using a 12% cost of capital discount rate by applying the NPV model. Include values in your assessment.
Type of feedback loop : Maintenance of calcium ion homeostasis is critical to neurological, cardiac and skeletal muscle function. Consider the roles of two hormones involved
Define hospitality management : Define hospitality management. Identify the business segments of the hospitality industry that exist within your selected city.
Explain categories of the regulatory environment : Specifically focus on the 4 categories of the regulatory environment. Select any two of the categories and explain to executive management why effectively.
Operations planning and forecasting : This is one of the "fun" parts of being an operations manager - strategic and tactical planning. Should operations be part of the strategic planning process?
Determine the amounts of the financial liability and equity : On 1 July 2020, SQL Ltd issued 4500, determine the amounts of the financial liability and equity components attributable to the issue of convertible notes.
Describe origination of od and the purpose of its creation : Describe the origination of OD and the purpose of its creation. Explain how OD has changed during the past 80 years and the reasons for the change.
Estimate the duration of phase of the cell cycle : Use percentages to estimate the duration of each phase of the cell cycle. Show your work.
Prepare statement of profit or loss and other comprehensive : Prepare statement of profit or loss and other comprehensive income for the company for the year ended 30 June 2020, in accordance

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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