Operations and Supply Chain Management, 9th Edition WileyPLUS Registration Card + Loose-leaf Print Companion
Operations and Supply Chain Management, 9th Edition WileyPLUS Registration Card + Loose-leaf Print Companion
9th Edition
ISBN: 9781119371618
Author: Roberta S. Russell
Publisher: Wiley (WileyPLUS Products)
bartleby

Concept explainers

Question
Book Icon
Chapter 5, Problem 1.2CP
Summary Introduction

Case summary:

N bank is swamped with refinance requests this year because mortgage rates are at an all time low. To handle this excess traffic N has divided the process into 5 clear stages and created departments for each stage:

  1. 1. Loan agent
  2. 2. Loan processor
  3. 3. Closing agent
  4. 4. Loan-servicing specialist
  5. 5. Loan-payment specialist

After this change, it was difficult to evaluate the performance of the system and N decided to solicit customer comments.

The feedback from customers was full of complaints - the process took longer than usual, there were errors in the debited amounts from customer accounts, and some processes were being duplicated.

To determine:  Which steps can be eliminated, and which ones create value for the customer. Create a new blueprint of the improved process.

Blurred answer
Students have asked these similar questions
The importance of keeping track of invoices and budgeting in a nursing home kitchen and how can a nutritionist utilize this in their career? Please not just a short explanation.
The importance of interviewing potential food service aides and how can a nutritionist utilize this in their career? Please not just a short explanation.
What role does job analysis and job evaluation play in the compensation decision? Give an example of an organization   NO AI

Chapter 5 Solutions

Operations and Supply Chain Management, 9th Edition WileyPLUS Registration Card + Loose-leaf Print Companion

Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
  • Text book image
    Practical Management Science
    Operations Management
    ISBN:9781337406659
    Author:WINSTON, Wayne L.
    Publisher:Cengage,
    Text book image
    Marketing
    Marketing
    ISBN:9780357033791
    Author:Pride, William M
    Publisher:South Western Educational Publishing
    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
    MARKETING 2018
    Marketing
    ISBN:9780357033753
    Author:Pride
    Publisher:CENGAGE L
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
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
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L