Question: Describe some of the current trends and challenges in the field of operations management? How might these impact the future of operations Management?
• In addressing this question(s) be sure to provide references and citations to support your work and added credibility.
Use Excel, Word, or PowerPoint to submit the following assignments below.
- Chuck Sox makes wooden boxes in which to ship motorcycles. Chuck and his three employees invest a total of 40 hours per day making the 120 boxes.
a) What is their productivity?
b) Chuck and his employees have discussed redesigning the pro- cess to improve efficiency. If they can increase the rate to 125 per day, what will be their new productivity?
c) What will be their unit increase in productivity per hour? d) What will be their percentage change in productivity? PX
- George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivityof his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison. PX
- George Kyparisis (using data from Problem 1.6) determines his costs to be as follows:
• Labor: $10 per hour
• Resin: $5 per pound
• Capital expense: 1% per month of investment
• Energy: $.50 per BTU Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator. PX
- Identify how changes within an organization affect the OM strategy for a company. For instance, discuss what impact the following internal factors might have on OM strategy:
a) Maturing of a product.
b) Technology innovation in the manufacturing process. c) Changes in laptop computer design that builds in wireless technology.