Strategic Capacity Planning for Products and Services?
Q: describe approaches that are useful for evaluating capacity alternatives?
A: Some approaches that are valuable for assessing capacity alternatives are: 1) Decision…
Q: Explain how can a systems-based approach to capacity planning help ?
A: The systems approach ensures that everyone who is connected with any part of the system is part of…
Q: How should each of the following Strategic Operations Management decisions be managed to ensure the…
A: 1. Product and service design : Service design ensures that the product and service is developed…
Q: Describe Strategies for Adjusting Capacity?
A: Every organization sets a specific capacity for the production of its products. However, there can…
Q: Explain Capacity Planning?
A: Capacity is the ability to store, produce, or achieve. In any organization, capacity is termed as…
Q: Define capacity. Why is it important for a manufacturing business or a service business?
A: Capacity is the maximum level of output that the company can sustain to make a product or provide…
Q: Identifying gaps b/w capabilities and competitive priorities?
A: Competitive goals are critical elements of a business process or business necessity that must be met…
Q: How important is strategic capacity planning for products and services? Defend your answer
A: Capacity refers to a system's ability to produce products or provide services over a given time…
Q: What are the four special considerations for a good capacity decision?
A: Capacity is the maximum number of items produced per unit time in a manufacturing setup whereas in…
Q: How do long-term and short-term capacity considerations differ?
A: Capacity planning is the process of estimating the ability of an organization to produce the…
Q: Is there a difference between capacity planning strategy and capacity planning technique in…
A: The process of determining the resources required by manufacturers to meet demand for their products…
Q: explain the importance of capacity planning also discuss major considerations related to developing…
A: Capacity Planning can be referred to as the planning process undertaken by the production and…
Q: What steps are necessary in the capacity planning? differentiate between product capacity and…
A: Capacity planning refers to the process of determining the production capacity that is needed by an…
Q: What issues are important when changing capacity levels in operations management ?
A: Capacity levels: The right capacity for various units of business is essential for a company as it…
Q: Describe the factors often overlooked in the financial justification of new technology.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Define Strategic Capacity Management?
A: Strategic means or relates to the determination of the interests and objectives and the various of…
Q: What are the issues related to capacity building for scale advantage and its short falls?
A: CAPACITY BUILDING Capacity Building is also known as Capacity Development. It refers to the…
Q: Identify four potential unethical actions or inactions related to capacity planning, and the…
A: Following are the four potential unethical actions or inactions related to capacity planning:
Q: Define: output, design capacity, effective capacity, utilization % and efficiency %?
A: Actual output: It is the output that is actually attained using the process or operation. The…
Q: In what ways does technology have an impact on capacity planning?
A: Capacity planning is the process of planning the required production output based on the requirement…
Q: oe’s Tasty Burger has determined that its production facilityhas a design capacity of 400 hamburgers…
A: Formula:
Q: Describe the Approaches to Capacity Expansion?
A: Capacity expansion means expanding the limits of the industrial capacity of the organization.…
Q: How a systems-based approach to capacity planning advantageous in operations?
A: Frameworks based methodology uses a normalized set of the board steps that are sequential and might…
Q: Evaluate capacity alternatives using decision trees?
A: A decision tree is the diagrammatic representation of all the possible alternatives a decision-maker…
Q: What is capacity strategy?
A: Capacity strategies mean defining the capacity of production in order to meet the changing demand…
Q: Define the Capacity utilization rate?
A: Capacity utilization rate is the measure of the proportion of economic output actually realized…
Q: Why is capacity planning for services more challenging than it is for goods production?
A: Capacity planning for services is much more challenging than that for products. Since products.…
Q: Describe the process of determining the expected monetary value of a capacity decision?
A: Expected Monetary Value(EVM) is a statistical tool used to calculate risks and determine the…
Q: Describe the major trade offs in capacity planning in operations management
A: The major trade offs in capacity planning in operations management is discussed as follows-
Q: Why is it important to balance production capacity with market demand?
A: Market Demand refers to the quantity of goods that consumers of a particular market are willing to…
Q: Why is it important to adopt a big-picture approach to capacity planning?
A: It is important to build alternatives during capacity planning because it will aid in understanding…
Q: Compare capacity planning in services to capacity planning in manufacturing during operations ?
A: Capacity planning is nothing but the approach of evaluating the capacity of the production required…
Q: What types of facilities/capacity are needed?
A: The capacity of a facility refers to the maximum load that can be handled by it during a given…
Q: Justify the importance of capacity planning to a business?
A: Capacity planning assists in determining the Plant's manufacturing capacity that is sufficient to…
Q: Explain Capacity Flexibility and its strategies?
A: The capability of any business to reduce or raise their manufacture capacity liable on the market…
Q: When is the capacity needed?
A: Capacity resource planning is comparing future resource utilization with actual resources. It helps…
Q: Describe three strategies for expanding capacity. What arethe advantages and disadvantages of…
A: Strategy to expand the capacity - Capacity needs to be understood in terms of the investments made…
Q: Explain what capacity management is and why it is strategically important.
A: The capacity management refers to the process of ensuring an organization escalates its production…
Q: Compare capacity planning in services to capacity planning in manufacturing?
A: Capacity planning refers to the process through which the organization attempts to determine the…
Strategic Capacity Planning for Products and Services?
Capacity is the ability to store, produce, or achieve. In any organization, capacity is termed as the ability to produce the required output within a specific period. Capacity is the number of input resources available to produce the relative output in a specific period. Capacity planning is vital for organizations to determine the optimum utilization of all its resources. Capacity planning plays an important role in the decision-making process.
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
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