OPERATIONS MANAGEMENT
OPERATIONS MANAGEMENT
14th Edition
ISBN: 9781260619577
Author: Stevenson
Publisher: MCG
Question
Book Icon
Chapter 1.6, Problem 3RQ
Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of manufacturing innovation.

Blurred answer
Students have asked these similar questions
“Implementing a Performance Management Communication Plan at Accounting, Inc.” Evaluate Accounting Inc.’s communication plan.  Specifically, does it answer all of the questions that a good communication plan should answer? Which questions are left unanswered?  How would you provide answers to the unanswered questions? “Implementing an Appeals Process at Accounting, Inc.”   If you were to design an appeals process to handle these complaints well, what would be the appeal process?  Describe the recommended process and why.
The annual demand for water bottles at Mega Stores is 500 units, with an ordering cost of Rs. 200 per order. If the annual inventory holding cost is estimated to be 20%. of unit cost, how frequently should he replenish his stocks? Further, suppose the supplier offers him a discount on bulk ordering as given below. Can the manager reduce his costs by taking advantage of either of these discounts? Recommend the best ordering policy for the store. Order size Unit cost (Rs.) 1 – 49 pcs. 20.00 50 – 149 pcs. 19.50 150 – 299 pcs. 19.00 300 pcs. or more 18.00
Help answer showing level work and formulas
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College