Overview
The final project for this course is the creation of a comprehensive case study analysis. Every business—whether a beauty salon, automobile manufacturer, or
professional baseball team—has an operations component that creates goods and services by transforming inputs into outputs. There are a wide variety of tools and techniques that operations managers draw upon to increase efficiency and effectiveness, creating value for customers. Operations management professionals are in high demand across a variety of industries. Having basic knowledge of operations functions and their integration capabilities is critically important in the world of business. For example, applying the limitations of production in marketing and sales is a routine task. Managing the equipment and supplies needs of operations management is a basic skill looked for in finance and accounting workers.
For your final assessment in this course, you will analyze a case study that addresses several key operations management fundamentals. You will use the tools and techniques that operations managers use and incorporate your instructor’s feedback into the final summative analysis. You will address the typical problems that operations managers face using the knowledge you have gained from this course. Finally, you will discuss the emerging concepts of sustainability in business management, specifically the topics of corporate responsibility and environmental compliance.
The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The final project is due in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Specifically, the following critical elements must be addressed:
I.
Generating Value
Theories and Techniques
Data Analysis
II.
III.
Factor
Political Risk Transportation Costs Labor Productivity Rental Costs Labor Costs Taxes
Weight Mexico City
.25 70 .20 40 .20 85 .15 90 .10 80 .10 90
Columbia, SC
80
90
75
55
50
50
D. The company believes that it might have some inefficiencies in its inventory management process. Develop an ABC classification system for the following 10 items. Based on this information, what do you recommend for improving inventory management?
Item
I5 D1 A2 E9 J8 C7 B8 G2 H2 F3
Annual Demand
1750
6000
3000
1000
2500
1500
4000
300
600
500
Cost/Unit
10.00 10.00 50.00 20.00 5.00 45.00 12.00 1500.00 20.00 500.00
IV. Sustainability
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