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You have a novel product idea and a working prototype for floating fishing pliers. You use an extrusion process to manufacture the pliers, and your family assembles them out of your basement. Your plan is to distribute them through sporting goods stores that cater to anglers. Applying all that you have learned in this course, create a detailed strategic plan for the next five years. You should include the following elements of comprehensive strategic plan: •A mission statement that describes the overall purpose of the organization •A resource needs assessment •A statement and some detail on the technology requirements, goal statement, and rationale •A set of objectives (measurable and observable) •A statement on the hardware, software, and facility resource requirements •A statement on training resource requirement and staff development plan •A marketing plan •An itemized budget, evaluation method, and funding sources
Operations Function in an Organisation - Method Study A procedure that has stood the test of time in the study of work entails six steps (often referred to by the acronym, SR
Test results from an electronic circuit board indicate that 50% of board failures are caused by assembly defects, 30% are due to electrical components, and 20% are due to mechanica
Define the resources over and under capacity. The resources over and under capacity: a. Over capacity: it is also called as spare capacity resources for example, staff
Advantages of a Fixed Position Layout Men and machines can be used for wide variety of operations producing different products. The investment on layout is very
Tell me what the organizational structure of your (Ideal) work location would look like, using the terminology of this chapter 17. Use terms like mechanistic, organic, open, closed
Benefits of E-Business There are many benefits claimed for e-business, including: 1. Increased capacity 7 days, 24 hours 2. Reduced transaction costs/ cost of
What are the disadvantages of operation management?
Objectives of Production and Operation Management Production is an organized activity in a manufacturing organization. Each organized activity should spell out its objectives so
Consider this: Lee Peterson has invented a new product that detects water leaks due to broken pipes and sends out an alarm similar to a smoke alarm. However, Lee has very little pe
The paper must be four to five pages excluding title page and reference pages, following APA format. Address all of the following parts of this assignment: Suppose that the F
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