Interpretation:
Designing staples and frozen food delivery business via the internet in a large metropolitan area that deliver goods within a customer-defined window of time. This business is planned to partner with two major food stores in the area. For this new business, the competitive priorities and the capabilities that need to develop core and support processes are to be determined.
Concept Introduction:
Competitive priorities critical operation dimensions that should have in process or supply chain to satisfy internal and external customers. Competitive priorities are designed for processed and the supply chains are created from them. Competitive capabilities are the cost, quality, time and flexibility dimensions that process or supply chain should possess.
Want to see the full answer?
Check out a sample textbook solutionChapter 1 Solutions
OPERATIONS MANAGEMENT CUSTOM ACCESS
- Place yourself in the position of a CEO who is contemplating a reorganization of your company and has received conflicting opinions from two of your trusted reports. Presently you are a wholesaler with 45 regional warehouses who acquires products from manufacturers and distributes them to retailers and service establishments. You have over 100,000 SKUs (stock keeping unit) ranging from ACE bandages to Ziploc bags. You have 825 field-based sales representatives who represent all the products within a geographic area. One of the ideas that has been brought up by the vice president of marketing is to specialize the salesforce into three groups, fashion retail, general retail, and services. Basically, individual sales representatives would be able to specialize with greater expertise and product knowledge to better serve customers. The vice president of sales fears that many of her salespeople will leave due to the expanded geography that this change would require. What process would you…arrow_forwardYou are the Information Systems (IS) Manager of Ramsys IT Solutions. The Board of Directors of your company has decided that your company should purchase a new Information System software for its use. Explain the interdependence between an organization (like Ramsys IT Solutions) and its Information System, if any; and give practical examples to justify your answer.arrow_forwardTait (2018) states “The more customers interact and influence a company, the better it becomes at providing exactly what the customers want, and the more difficult it will be for a competitor to lure them away.”Imagine that you are the manager of a bakery that wants to increase its revenue by connecting better with customers. The bakery you run sells varieties of bread, cakes and desserts that are not easily available elsewhere. Discuss 10 basic rules that need to be implemented to create good customer service.arrow_forward
- You are an entrepreneur and you want to start a new venture by offering luxury items such as expensive leather bags for female customers. Your customers will be an essential part of the process and you will take their inputs before designing products. You believe this strategy will help you to stand out in the market as ‘you aim to produce what your customers desire’. Now as the business owner if you are asked to choose a process for manufacturing the products, which process would you choose and why?arrow_forwardThe challenge in identifying an attractive target market (Ice Cream) is to find a market that’s large enough for the proposed business but is yet small enough to avoid attracting larger competitors?Assessing the attractiveness of a target market is tougher than assessing the attractiveness of an entire industry.Often, considerable ingenuity must be employed to find information to assess the attractiveness of a specific target market.arrow_forwardAs a result of your success in expanding the "Real Estate, Real Cheap" network, your boss is eager for you to take things to the next level. She combines two lending agencies she purchases and rebrands them as "One-Stop Home Shop" and "Real Estate, Real Affordable." She is concerned that the new lending company's identity would get confused with the older domain you've been working to grow over the last several months. They have the capacity to easily store and transmit data. The building is owned by RERC and is big enough to house the lending company's one hundred additional employees. She asks that you make preparations for the office personnel to connect to RERC's network as a precaution. What advice would you provide as the head of the network? Creating an Active Directory domain would be the first step. Is it possible to imagine a workgroup without Active Directory? In the event that your manager decides to put the loan department under the purview of RERC, what preparations have…arrow_forward
- If you are in charge of a fast moving consumer goods enterprise, what strategic methods can one use to acquire inputs at different circumstances.arrow_forwardWhat managers really want from data are clear, foolproof, no-work solutions and the simple ability to predict the future. They want to know exactly what the demand for their current and proposed products will be; how and when prices for goods, services, stocks, and securities will rise and fall; what dangers and opportunities exist within their grasp; and how their decisions will affect their costs of doing business in the present, the near future, and the long term. As business operations become more complex and competitive, and as data volumes grow, companies are increasingly turning to tools like simulation and machine learning to provide these predictions. Machine learning, in particular, has become very popular, largely due to the continued development and impressive performance of deep-learning algorithms for neural networks. In addition, simulations of various sorts have been used for many years to test and develop operational system designs and operational policy decisions.…arrow_forwardReview the following section from the article we previously covered, Experimenting in the Entrepreneurial VentureLinks to an external site. from the Harvard Business Publishing Coursepack. Minimum Viable Product MVP, section 2.3, step 3, pages 8-13. Look at your Business Model Canvas Map. Do you have a minimum viable product? If so, can you refine it more? If you don’t have one, what product would you like to provide to potential customers? If you have not already, decide on a minimum viable product for your business and write about it in a document (at least 50 words). Consider the following prompts when writing about your product: What is your minimum viable product? Why did you choose this product? What kind of reaction do you believe you will have from your customers?arrow_forward
- Write a business and market overview for a retail store that wishes to implement an M-Commerce Solution to Enhance Customer Experience. The business and market overview should contain the following sections: The client’s organization Management Business model Their products and services Their growth strategy Further elaborate on the distinct external pressures on their business. This section must include an illustration Porter’s Model with the unique and specific pressures that the client's organization faces.arrow_forwardIn single factor analysis, accounts are typically classified based on 1) sales potential 21 customer relationship 3) production costs 4) market trends 51 profit marginsarrow_forwardMatch each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.