EBK PRINCIPLES OF OPERATIONS MANAGEMENT
EBK PRINCIPLES OF OPERATIONS MANAGEMENT
11th Edition
ISBN: 9780135175644
Author: Munson
Publisher: VST
Question
Book Icon
Chapter 2, Problem 1.4VC
Summary Introduction

Case summary:

RM Company is one of 10 largest power-boat manufacturers in US Country. They achieve their mission of providing luxury boats to worldwide customers through their approach of differentiation. The sales increase in the states indicates that the strategy is working.

RM Company involves in continuous innovation with the help of computer-aided designing, high quality molds and their constant monitoring for quality. RM Company also closely interacts with their suppliers to ensure that the supplier parts are also of good quality.

Their product line is 22 boats ranging from 19 feet to 44 feet long boats. TK Person, the VP of the company says “We build boats” but we are in the ‘fun’ business. He states that the competition is not limited to the other 300 competitors but also other family entertainment like home theaters, internet etc.

RM Company has also joined the ABB association. They are able to sustain their position in the market with the economies of scope approach in procurement.

To determine: The application of 10 operations management decisions to RM Company.

Blurred answer
Students have asked these similar questions
Fill in the table below with the activity times after crashing to show the resulting schedule. (Enter your responses as whole numbers.) Activity A B с Time according to schedule (weeks) Activity F G H Time according to schedule (weeks) D E COE
Given the information below, estimate the probability that the noncritical path B-F-G will take more than 20 weeks. Hint: Subtract from 1.0 the probability that B-F-G will take 20 weeks or less. Refer to the standard normal table. Activity A Expected Time (weeks) Variance 3.5 1.00 BCDE 5.5 0.96 C 4.0 0.45 12.0 1.78 6.5 2.25 F G 9.0 2.78 4.5 0.69 The probability that this path will take more than 20 weeks to complete is (Enter your response rounded to four decimal places.)
You are the event manager of a wedding project that is behind schedule and over budget. The client has requested some additional features that were not in the original scope. How would you prioritize the additional features requested by the client? What strategies would you employ to adjust the project plan and budget to accommodate these changes effectively? Additionally, what specific tools and techniques would you utilize to monitor and control the progress and ensure the quality of the project?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning