None Question 1: Operations Management a) Define operations management and explain its importance in modernorganizations. b) Discuss the key elements of the operations management process and explain how they areinterconnected. Question 2: Total Quality Management a) Define Total Quality Management (TQM) and explain itssignificance in today's business environment. b) Describe the principles of TQM and how they can be implementedin an organization. Question 3: Process Analysis and Improvement a) Explain the concept of process analysis and itsimportance in operations management. b) Discuss the various tools and techniques used for process improvement,including Six Sigma and Lean methodologies. Provide examples of how these methodologies can be applied in anorganization. Question 4: Supply Chain Management a) Define supply chain management and explain its role inachieving operational excellence. b) Discuss the challenges and strategies associated with managing a global supplychain. Provide examples of how these challenges can impact an organization's operations. Question 5: QualityControl and Inspection a) Describe the importance of quality control and inspection in ensuring product/servicequality. b) Discuss the different types of quality control techniques, such as statistical process control andacceptance sampling, and explain how they can be used in an organization to monitor and control quality. BonusQuestion Explain how the use of technology, such as automation, artificial intelligence, and data analytics, canimpact operations management and total quality management in organizations. Provide examples of howorganizations can leverage these technologies to improve their operations and quality management practices.

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Answered: Question 1: Operations Management a)…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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QUESTION 25 LF Corporation, a manufacturer of Mexican foods, contracted in 2025 to purchase 2,000 pounds of a spice mixture at $5.00 per pound, delivery to be made in spring of 2026. By 12/31/25, the price per pound of the spice mixture had increased to $5.30 per pound. In 2025, LF should recognize a loss of $10,000 a loss of $600. no gain or loss. O a gain of $600
Q.4 Assuming you have been employed as a procurement and logistics manager of a company like Riham Group, prepare a working paper indicating how you will ensure effective logistics and supply operations of the company within first 100 days of your work. Prepare a three (3) paged presentation showing how involving key stakeholders will be of critical importance in the execution of the work mentioned in part (b) above.
QUESTION TWO (2) DUNA INCORPORATED is a business conglomerate that produces a variety of beverages (alcoholic and non-alcoholic], Food products (Noodles and Canned Foods) and Personal Care Items. They had been operating in the Nigerian Market for five (5) years and a study conducted by their Research and Development division observed the Nigerian market as vast with great but unequal opportunities. They are therefore in a quandary over which aspects of their business to keep, restructure, sell or invest more in. Using your knowledge of marketing strategy, advise DUNA INCORPORATED on the most appropriate course(s) of action and the implications of any such actions.
A. Name at least five manufacturing businesses in the Philippines
N-2
Q1:A/ The Office Supplies Company offers two types of pens, the first type has high specifications, while the second type has normal specifications. The expected profit from selling each unit of the first type is half a dollar, and from selling each unit of the second type is a quarter of a dollar. The time taken to manufacture the first type is twice the time taken to manufacture the second type for the purpose of producing no more than 1,000 pens of both types per week. The company can produce at most 400 units of the first type per week, and it can produce no more than 700 units of the second type per week. Note that the company can produce each of them separately. Required: Create the linear programming model to find the optimal production mix so that the company achieves the maximum possible profit.

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