Nobody downloaded yet

Business about Operations Management - Essay Example

Comments (1) Cite this document
Summary
Albatross Anchor is facing a tough time in managing its operations due to use of obsolete technology and management practices. The company has a very high changeover time. Its prices are comparable to its competitors but the margins are pretty low. The company deals only with wholesale customers and distributors…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Business Essay about Operations Management
Read TextPreview

Extract of sample
"Business about Operations Management"

Download file to see previous pages The changeover time required from one anchor type to another is as large as 36 hours. This implies that the company may be spending more time in set-up rather than manufacturing. No doubt the lead time of the products manufactured by the company for bulk orders is 3-4 weeks. These inefficiencies in time management have a huge impact on its profit margins and customer satisfaction.
The most obvious and the best way of time management is to reduce set-up time. It is recommended that Albatross Anchor uses SMED (Single Minute Exchange of Dyes) methodology. The idea behind this methodology is to reduce set-up time to less than a minute (which was later modified to single digit). It may not be possible to literally reduce the set-up time to a single digit. The aim should be reduce the set-up time realistically to as low as possible.
SMED can be applied by Albatross Anchor by identifying the activities which can be performed externally i.e. not within the machine set up. These activities need to be performed before the changeover is required. This means deploying certain resources for performing these external activities in parallel while the other resources are working on the machine for current operation. All the wastes should be eliminated and each operation should be optimized. If Albatross can afford to make capital investment, it needs to go for equipment which has the same basic parts and requires only a change of few parts (dyes) while changing over from one anchor to another. By following such steps, Albatross Anchor should be able to reduce its set up time from 36 hours to less than an hour. Challenge #2: Technology Adoption One of the biggest challenges in front of Albatross Anchor is the use of obsolete technology. Moreover technology is not being used for several operations. This leads to safety issues, poor quality, long lead times, long set-up times, efficiency losses and customer dissatisfaction. The biggest need at the moment is to adopt latest manufacturing technology. A changeover time of 36 hours causes a huge opportunity cost to the company. While the capital investment may seem large at the moment, long-term gains of the same vis-a-vis the current situation must be analyzed using financial techniques such as Net Present Value and Discounted Cash Flows. The second need is in terms of information technology. The best companies in the world use Enterprise Planning tools such as SCM, CRM and ERP to manage their operations. This enables them to communicate well with their supply chain partners. This also ensures visibility and velocity in the supply chain. The use of information systems enables a company to procure centrally. It also helps in remaining in touch with distributors and customers. The data accuracy improves enormously. Albatross Anchor is at a low level of business maturity at current stage. While the investment in manufacturing technology is a must, the investment in information technology can be deferred to a later period when the other improvements have been made. Challenge #3: Quality Management Quality Management at Albatross Anchor is a big challenge. In current scenario, it appears to be totally out of focus. The antiquated plant, obsolete technology and concerns over safety measures add to the quality woes for ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Essay about Operations Management Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved de https://studentshare.org/business/1391146-operations-management
(Business Essay about Operations Management Example | Topics and Well Written Essays - 1750 Words)
https://studentshare.org/business/1391146-operations-management.
“Business Essay about Operations Management Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/business/1391146-operations-management.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ro
rosalee68 added comment 7 months ago
Student rated this paper as
I never thought 1750 words essay could be written in such a free manner. I loved the research of this essay. Will definitely use it for my own work!
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Operations Management By Tesco
...of analysing and improving the important tasks and activities of the organisation which convert the inputs into outputs. These activities or functions include production, communication, marketing, procurement, and several other important factors of the overall operations of the organisation (Barlow, 2005). Organisations are getting more concerned about the business process management in order to become more customer focused and to be able to respond to the changing needs and requirements of the target customers in more effective and efficient manner (Krajewski, Ritzman, & Malhorta, 2007). Business process management is all...
12 Pages(3000 words)Essay
Operations management
...? Operations Management Tokundu Airport Case Operations ManagementOperations Management is the study of organizational processes that transform inputs into finished goods and services. The primary goals of this course are (1) To gain insight as to the nature of operational issues and problems; (2) To create guidelines for sound tactical and strategic operational decisions; (3) To provide a framework necessary for managing the operations of an organization; (4) To build good critical-thinking skills” (Eldersveld, 2006). The basic issue that operations...
6 Pages(1500 words)Essay
Operations Management and Business Development
...Operations Management Introduction Business organization and management is increasingly the most innovative department of economy since the world has become liberalized and each organization is looking up to gain a place in the market share. Operations management is the aspect of organizational administration that in responsible for undertaking and producing quality products and services, it takes care of distribution and project management doings that ensure efficiency and effectiveness in operations of the business. Basically operations management...
11 Pages(2750 words)Essay
International Business Operations Management
.... This cuts production costs, increases the multi-skilling and flexibility of staff, and provides higher quality products at lower costs for the consumer. This ensures that the Company is able to adapt to the ever changing environment of business cycles. References Hill, W. L., & Jones, G. R. (2004). Strategic Management Theory: An Integrated Approach, 6th ed. Boston: Houghton Mufflin Company. Horngren, C. T., Foster, G., & Datar, Srikant, M. (2000). Cost Accounting: A Managerial Emphasis. Upper Saddle River, N.J.: Prentice Hall International. Mayle, D., Bettley, A., & Tantoush, T. (2005). Operations Management: A Strategic Approach. London:...
4 Pages(1000 words)Essay
International Business Operations Management Essay
...Running Head: INTERNATIONAL BUSINESS OPERATIONS MANAGEMENT International Business Operations Management of International Business Operations Management Introduction According to the expert analysis Operations management for new firm is the methodical way and control of the processes that change inputs into ended goods and services. The operations function comprises an important proportion of the employees and bodily assets in the majority organizations. In such organizations operations managers are...
3 Pages(750 words)Essay
Operations And Operations Management
...to take actions, taking benefits of their additional precise awareness of the customer and market inclinations, importance given to employees from technical proficiency, and pulling down the organisation to go faster in decision-making. During conversion of organisation 's resources into services or goods, the occupied Operations manager must create the hardest options. It is most frequently the manager's judgment to modify a procedure that puts the jobs of a group of employees at danger because employees may not have the systematic skills to job successfully in the fresh progression. And it is the Operation manager's accountability to converse with...
14 Pages(3500 words)Essay
Business Operations Management
...Operations Management On inception Geoff Cartwright identified that the running of Gateshead holdings was not in a solid and he acknowledged that there was need for major amendments to be done to ensure efficiency and quality production in the firm. First he applied division of labor by dividing his team into groups where there was concentration on a family of products the 5S was a major breakthrough to the transformation of the firm because through this Geoff and his team were able to identify which group and in which family of products was lagging behind in the short run and through this necessary amendments and support would be enhanced to correct any issue that posed as setback (Aquilano,...
2 Pages(500 words)Essay
International Business and operations Management
...Running Header: International Business and Operations Management Expansion Strategy Your Regional Market Strategy The region selected for our company’s global market expansion through investments, sales, and production is Asia with China is the focal entry point before further spreading out to other countries in the region including India, Pakistan and Korea. As the sales director, I will be directing the operations hence recommends the following expansion strategy. Introduction Firms venturing into global foreign markets are eventually constrained by the latent hostility of the host countries enterprises and the paucity of local customs and practices hence can be...
16 Pages(4000 words)Essay
Business Operations
...Running Head: Business Operations: Dover Spa Business Operations: Dove Spa of Business Operations: Dove Spa Introduction Dove Spa is considered to an organization, which is located in the United Kingdom. The company has made references to its competitors all over the United Kingdom and has research its spa in Streetly, West Midlands. This paper has take Dove Spa and will study the important key macroeconomic concepts in the lights of broad and diverse academic resources. Company Overview The Dove Spa, which is in Streetly, has a simple and ideal philosophy; it concentrates on winning customers and inspiring them to take care of themselves in order to make them more beautiful. The Spa will concentrate on development of delivering... ...
4 Pages(1000 words)Essay
Business Operations
... Business operations I am a pursuing a in International Business at Lynn Florida. I am a senior student originally from Saudi Arabia. This paper focuses on business operations in a Spa called Brazelia Med Spa in Boca Raton where I underwent my internship. I worked in this Spa nineteen hours per week from 3/9/2014 to 5/3/2014, five days a week from Tuesday till Saturday. To ascertain various issues regarding businesses operations in general, I interviewed one of cousins in Saudi Arabia through Skype. Brazelia Med Spa is a B2C (Business to Customer) business with products and services ranging from medical, Intravenous nutrition, medical aesthetic, massage therapy, weight management, aesthetic, body care, chronic pain sports injury... or...
9 Pages(2250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Business Essay about Operations Management for FREE!
Contact Us