What are the pros and cons of manufacturing the component

Assignment Help Operation Management
Reference no: EM131895215

Question 1

Your firm's Christmas tree division in Oregon wants to export a shipload of Christmas trees to the Philippines. The would-be importer does not have sufficient cash to pay for the shipment but insists that the trees can quickly be resold in the Philippines for a profit, because Christmas trees are rare in a country where celebrating Christmas is important.

You are being asked to outline the options the division can consider to make this export happen. And if you suggest a particular option, you will have to outline the steps to effect the export to the Philippines.

Question 2

Your firm must decide whether to make a component part in-house or to contract it out to an independent supplier. Manufacturing the part requires a nonrecoverable investment in specialized assets.

The most efficient suppliers are located in countries with currencies that many foreign exchange analysts expect to appreciate substantially over the next decade. What are the pros and cons of (a) manufacturing the component in-house and (b) outsourcing manufacturing to an independent supplier? Which option would you recommend? Why?

Question 3

Your company is seeking to locate a regional hub in Southeast Asia because of the growth of its business in that region.

The intention is for this hub to be the major transshipment point in the region - all of your firm's products coming from the United States and to be sold in the countries in the region will be shipped to this hub and then shipped to specific countries within the region.

Your planning unit has been tasked to recommend the right country in which to locate this hub, and of course to justify your recommendation in terms of dealing with customs, quality of transport, and all the necessary logistics functions.

Your manager has advised you that the World Bank has Logistics Performance Index which provides a ranking of the trade logistics performance of member countries. Your manager has reminded you to make sure this report is written properly.

Reference no: EM131895215

Questions Cloud

Theoretical maximum revenue and quantity : What would be the theoretical maximum revenue and quantity given this demand schedule?
How does such a simple song evoke call of wild when played : Louie Louie by The Kingsmen is often seen as the pinnacle of the Garage band sound. How does such a simple song evoke the call of the wild when played?
Define the mechanism of federal open market operation : Briefly describe the FOMC. Define the mechanism of Federal Open Market Operation
Summarize the current organizational training program : Given the changing employee demographics and rapid updates to technology, it is important for organizations to link training and development to the needs.
What are the pros and cons of manufacturing the component : What are the pros and cons of (a) manufacturing the component in-house and (b) outsourcing manufacturing to an independent supplier?
Briefly describe about qe1 : Using both AD-AS graph and Money market graph. Illustrate what happened after the QE1 and QE2. Clearly denote all the vertical, horizontal axis
Describe and define the equilibrium in the short run : Describe and define the equilibrium in the short run. Denote vertical and horizontal axis as well as each graph.
Classify each vulnerability with being technical : Classify each vulnerability with being technical, managerial, cultural, or procedural. Provide your rationale.
Write individual researched project on agricultural science : Write an individual researched project on a topic you are interested in related to the environment. You could write an informative or persuasive project.

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