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Select a Fortune 500 company that creates goods and/or service and select 2 of the 10 critical decisions of Operations Management from the textbook
Write a draft, select 2 critical decisions of operations management from the textbook
These are the critical decisions
- Design of goods and services: What good or service should we offer? How should we design these products?
- Managing quality How do we define the quality? Who is responsible for quality?
- Process and capacity design What process and what capacity will these products require? What equipment and technology are necessary for these processes?
- Location strategy Where should we put the facility? On what criteria should we base the location decision?
- Layout strategy How should we arrange the facility? How large must the facility be to meet our plan?
- Human resources and job design
How do we provide a reasonable work environment? How much can we expect our employees to produce? - Supply chain management Should we make or buy this component? Who should be our suppliers, and how can we integrate them into our strategy?
- Inventory, material requirements planning, and JIT (just-in-time)
How much inventory of each item should we have? When do we reorder? - Intermediate and short-term scheduling
Are we better off keeping people on the payroll during slowdowns? Which job do we perform next? - Maintenance Who is responsible for maintenance?
Sample Solution
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