Reference no: EM131052116
Technology decisions
There are many beets that technology can bring to an operations environment. Automated machinery, programmable equipment, and management information systems can provide speed, low unit processing costs, labor cost savings, increased accuracy and consistency, and sophisticated tracking and decision support systems to increase operations efficiency and effectiveness for both manufacturing and service environments. The main drawback in many technology decisions is the high axed cost of purchasing and implementing the new systems.
If mistakes are made in technology purchases, it can severely impact the fortunes of the company. Managers are often biased in favor of adopting leading edge technology, especially if they see their competitors adopting it. Financial justifications for purchasing new technology are often overly optimistic in estimations of payback periods, the costs of implementation, and the actual gains in overall productivity the firm will enjoy. The challenge for managers in technology is selecting the right technology for the right application. For example, if a manufacturing company believes that automation will increase the firm's flexibility to adapt to a changing competitive environment, questions should be asked, such as:
1. What type of flexibility does the company need to thrive?
2. Does it need to quickly switch production across a wide variety of products (product mix flexibility)?
3. Does it need to quickly produce new products for a rapidly changing marketplace (product development flexibility)?
4. Does it need to be able to quickly ramp up production during times of high demand, and quickly scale down production when cyclical or seasonal demand hits downturns (volume edibility)?
|
Evolution of disease resistance in domestic turkeys
: What would you predict about the evolution of disease resistance in domestic turkeys? If we observe that domestic turkeys are less resistant, does that necessarily mean that wild females had been choosing more-resistant males, or are other hypothe..
|
|
Write a program that reads in the first 400 integers
: Finally, your program should report the percentage of the 400 numbers that were printed. Run your program three times on april.txt, may.txt, and june.txt in that order.
|
|
What is evolution
: What is Evolution? And who was the person who came up with the theory for the term?
|
|
Compute the balance of investment in krypton labs inc stock
: On January 15, 2012, National Star Inc. purchased 112,000 shares of Krypton Labs Inc. directly from one of the founders for a price of $36 per share. Determine the December 31, 2012, balance of Investment in Krypton Labs Inc. Stock.
|
|
Provide speed-low unit processing costs
: sophisticated tracking and decision support systems to increase operations efficiency and effectiveness for both manufacturing and service environments. The main drawback in many technology decisions is the high axed cost of purchasing and impleme..
|
|
What are most professional ways to manage these challenges
: What are the most appropriate and most professional ways to manage these challenges?
|
|
What was the transmission rate of therouter in mb
: We measured a router for a ten minute period. During the measurement interval, the router transmitted atotal of 4800 MB of data and was busy for eight of the ten minutes.
|
|
Differences between theories and principles
: 1: Bioethics tools are categorized as theories and principle approaches. What are the five theories and four principles? 2. What are the differences between theories and principles?
|
|
Prepare all journal entries for denizen corporation
: On December 1, 2008, Denizen Corporation entered into a 120-day forward contract to purchase 20,000 Canadian dollars (C$). Prepare all journal entries for Denizen Corporation.
|