What is the business impact of this situation

Assignment Help Operation Management
Reference no: EM131192617

Henry's Hardware is a small family business in Sacramento, California. The owners, Henry and Kathleen must use every square foot of store space as profitably as possible. They have never kept detailed inventory or sales records. As soon as a shipment of goods arrives, the items are immediately placed on store shelves. Invoices from suppliers are only kept for tax purposes. When an item is sold, the item number and price are rung up at the cash register. The owners use their own judgment in identifying items that need to be reordered. What is the business impact of this situation? How could information systems help Henry and Kathleen run their business? What data should these systems capture? What decisions could the systems improve? 

Reference no: EM131192617

Questions Cloud

Describe the development of quality as a discipline : Describe the development of quality as a discipline and be sure to include some dialog around the early founders of the modern quality movement. What obstacles did they face and how did they overcome them?
About conflict and when managing relationships : In thinking about the power relationships unique to health care organizations (e.g., physician-patient), what might be some of the challenges to effective negotiation? Think about these challenges in the context of the common mistakes made when think..
Looking at legal illusions or myths : Looking at legal illusions or myths: the separate existence of a corporation has been depicted as an illusion and myth. Reflecting on your readings and research, what do you think gave rise to this myth and what significance does it hold in present d..
How are they going to trade globally : Discuss what going global will mean to an american BBQ company. How would they place factories or offices in other areas of the world and how are they going to trade globally and keep their infrastructure in the US? What are the implications of this ..
What is the business impact of this situation : Henry's Hardware is a small family business in Sacramento, California. The owners, Henry and Kathleen must use every square foot of store space as profitably as possible. They have never kept detailed inventory or sales records. As soon as a shipment..
Negatives about wholesale foods-their specific strategies : What struck you as positives and/or negatives about Wholesale Foods and their specific strategies? Are there certain strategic elements that were particularly insightful about what Wholesale does? Are there any glaring weaknesses that could jeopardiz..
Cultural perspectives of region can impact several aspects : Different cultural perspectives of a region can impact several aspects of a company's global business operations. Considering Human Resources Management, culture does not have any impact on performance appraisal? Do you agree or disagree?
Describe the development of quality : Describe the development of quality as a discipline and be sure to include some dialog around the early founders of the modern quality movement. What obstacles did they face and how did they overcome them?
Three types of tangible and intangible resources : Before deciding whether to go global or remain a domestic operation, businesses must analyze their resources, as well as potential competitors’ strategies. Discuss at least three types of tangible and intangible resources and capabilities that can po..

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