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Tag - operations management assignment help

Product Design in Operations Management: An Overview

Product design is one of the crucial stages in Operations Management. The design of a product or service is one of the most important steps. This will definitely affect the earnings of the product. The basic limiting characteristics of the production system design are set during the product design phase. In designing the product, or the item to be processed in nonmanufacturing systems, the product designer specifies materials, tolerances, basic configurations, methods of joining parts and the like, and [...]

The Concept of Facility Location

Operations Management Facility Location In company’s strategy formulation, the type of goods and services it shall offer, the markets in which it will compete will be determined. Demand forecasts are made to estimate the demand for a particular product in various markets. In this regard the company’s strategy will also include selecting the location from which potential markets will be served. The location of a service operation will help determine how conveniently customers can conduct business with the company. Location of [...]

Transportation Models

Operations Management – Transportation Models Transportation models are a special type of linear programming models. These models are applicable not only for solving problems of transportation but also for solving a variety of industrial problems. Usually such problems have a large number of variables and constraints. Though possible, the computational effort required to solve such problems by the simplex technique is prohibitive. However, these problems have some special features and we can solve them by simpler methods. Suppose a company has [...]

Process Oriented Layout

A Process-Oriented Layout can simultaneously handle a variety of products and services. This is the traditional way to support a product differentiation strategy. It is most efficient when making products with different requirements or when handling customers, patients, or clients with different needs. A process oriented layout is typically the low-volume, high-variety strategy. In a job-shop environment, each product or small order is produced by moving it from one department to another in the sequence required for the product. [...]

Operations and Operations Management

Operations and Operations Management Operations and Operations Management are of strategic importance to an organization. This is because all of the aspirations that modern day organizations have to excel in any of the following – mass customization, lean production, agile manufacturing, customer-centric provision and so on – depend on the ability of the organizations to actually do these things and such capabilities reside within operations. This is very important because it brings together a number of key issues that need to [...]

Center of Gravity and Location Strategy

Location Strategy in Operations Management is an important factor to be considered. It is important because it helps in determining the place of manufacture. The place of manufacture needs to have certain qualities of features where the manufacturing process takes place hassle-free. Center of Gravity is one such method or strategy which can determine the effectiveness of a location. Firms throughout the world are using the concepts and techniques in Operations Management to address the location decision because location greatly affects [...]

Lean Manufacturing

The concept of Lean Manufacturing was first seen Japan particularly in Toyota Production System. The concepts, tools and techniques had gone through a lot of testing before they were accepted. Lean Manufacturing intends to revolutionize the manufacturing process. This was not a fine tuning that had been done on the existing manufacturing system. The manufacturing techniques are conceptually different from the traditional process. For example the traditional manufacturing work is based on inventory. But Lean Manufacturing questions the role of [...]

Manufacturing Innovation

Businesses and retail consumers have an ever-increasing range of products to choose from, so manufacturing businesses face constant competition in order to retain or increase their market share. Manufactures therefore need to be flexible in considering new ways of working as well as new technologies that will allow them to respond rapidly and cost-effectively to customer demand. Businesses can introduce innovation in manufacturing to a wide range of areas, including new processes, new materials and the use of new equipment. [...]

Economic Order Quantity (EOQ)

Economic Order Quantity (EOQ)  Economic Order Quantity is the level of inventory that minimizes the total inventory holding costs and ordering costs. It is one of the oldest classical production scheduling models. The framework used to determine this order quantity is also known as Wilson EOQ Model or Wilson Formula. The model was developed by F. W. Harris in 1913, but R. H. Wilson, a consultant who applied it extensively, is given credit for his early in-depth analysis it. Assume that the [...]

ABC Analysis

ABC Analysis ABC analysis is a business term used to define an inventory categorization technique often used in materials management. It is also known as Selective Inventory Control. ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost, whilst also providing a mechanism for identifying different categories of stock that will require different management and controls. When carrying out an ABC analysis, inventory items are valued (item cost multiplied by quantity issued/consumed in period) [...]