EBK OPERATIONS MANAGEMENT
EBK OPERATIONS MANAGEMENT
11th Edition
ISBN: 8220103630726
Author: RENDER
Publisher: PEARSON
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Chapter 2, Problem 10DQ
Summary Introduction

To determine: Three primary ways to achieve a competitive advantage.

Introduction:

Competitive advantage:

A competitive advantage is a state or condition which puts a firm in a favorable or a superior business position. This advantage will enable the firm to have more sales margins and more customers than its competitors.

Three primary ways to achieve competitive advantage:

Cost leadership:

The firm will be conducting its operations and selling its products at low prices, thus having a higher market share than their competitors.

Differentiation:

The firm will be developing products with unique attributes which are not delivered by competitors. It gives a unique advantage to the firm over its competitors.

Response:

It is a strategy followed by firms which gives timely responses and solutions to problems in a rapid manner.

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1) Scheduling at Washburn Guitar   View the video Scheduling at Washburn Guitar (10.40 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 11 and/or 16) after watching this video.   Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.   2) Bosa Limited, a specialist confectionary manufacturer, makes a variety of confectionary products candies in its manufacturing facility at Ulaanbaatar. Its line of confectionary products exhibits a highly seasonal demand pattern. The firm’s costs and quarterly sales forecasts are as follows: Costs: Hiring cost = $200 per worker, Firing cost = $600 per worker, Inventory carrying cost = $0.60 per pound per worker, Production per employee = 1000 pounds per quarter, Beginning workforce = 125 workers.   Quarter Sales Forecast/ Demand(pounds) Production Spring 80,000 95,000 Summer 50,000 95,000 Fall 100,000 95,000…
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