Case A: Food Fare is a small chain of restaurants that has developed a loyal customer base byproviding fast-food items with more choices (e.g., how the hamburger should be cooked, self-servetoppings) and a more comfortable atmosphere. The menu has a small number of popular items,including several different hamburgers, grilled chicken sandwiches, and salads. Recently, to broadenits appeal, Food Fare added barbecue, seafood, and steak to its menu.Case B: Gilman Heating and Air Conditioning Inc. provides a broad range of services to commercialand residential customers, including installation and repair of several different brands of heating and airconditioning systems. Gilman has a fleet of 28 trucks, each operated by one or more service technicians,depending on the size of a job. A recurrent problem for Gilman has been coordinating the service teamsduring the day to determine the status of a job and the need for parts not kept in the service vehicle,as well as to identify which team to send on emergency calls. Gilman’s service area is spread over anurban/rural area of approximately 50 square miles. The company has developed cost and price sheets sothat the service technicians accurately and consistently price the service work they perform.Required For each case, identify the important structural cost drivers for the company and the relatedstrategic issues that it should address to be competitive
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Case A: Food Fare is a small chain of restaurants that has developed a loyal customer base by
providing fast-food items with more choices (e.g., how the hamburger should be cooked, self-serve
toppings) and a more comfortable atmosphere. The menu has a small number of popular items,
including several different hamburgers, grilled chicken sandwiches, and salads. Recently, to broaden
its appeal, Food Fare added barbecue, seafood, and steak to its menu.
Case B: Gilman Heating and Air Conditioning Inc. provides a broad range of services to commercial
and residential customers, including installation and repair of several different brands of heating and air
conditioning systems. Gilman has a fleet of 28 trucks, each operated by one or more service technicians,
depending on the size of a job. A recurrent problem for Gilman has been coordinating the service teams
during the day to determine the status of a job and the need for parts not kept in the service vehicle,
as well as to identify which team to send on emergency calls. Gilman’s service area is spread over an
urban/rural area of approximately 50 square miles. The company has developed cost and price sheets so
that the service technicians accurately and consistently price the service work they perform.
Required For each case, identify the important structural cost drivers for the company and the related
strategic issues that it should address to be competitive
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