Production and Operations Management Instructions:… 1 answer below »

BUSE 605 Production and Operations Management

Instructions:

• Answer all 3 questions in relation to the FedExcompany/brand assigned to you.

• Make your answers specific to your company/brand.

• Avoid long general discussion and explanations. There are no marks for general answers, general discussions and general explanations.

• iThenticate software will be applied to all answers to detect plagiarism to make sure your answers are your original contribution and are not cut and paste from other sources. All plagiarized answers will be rejected and assigned a zero mark.

• Used font "Time New Roman with size 12 " and line spacing 1.5

• Strictly NO SUBMISSIONS will be accepted after 5 p.m. Friday 11 May, 2018.

Q1. You are tasked to build a proposal to convince your CEO and Board of Management that they should consider vertical integration as a future company strategy. To build your proposal, you need specific answers to the following.

1. Recommend a list of at least 3 specific vertical integration options available to your company.

2. For each vertical integration option you recommend, justify and argue your reasons why you think your recommended options are practical and match your company existing portfolio and strategy.

3. For each vertical integration option you recommend, justify and argue your reasons why you think your recommended options are advantageous for your company, and why your Board of Management should invest in your

recommended options.

4. Explain potential risks related to each vertical integration option you recommend.

5. For each vertical integration option you recommend:

1. Describe what specific managerial policies and strategies you will implement in your company to ensure success for your recommended options;

2. Describe what specific managerial policies and strategies you will implement in your company to ensure risks are managed and minimized for your company for

your recommended options.

Q2. Select one service or one product offered by your company:

1. Identify what characteristics define ‘quality’ for this particular product / service;

2. Identify specific techniques and specific tools you will use to improve the quality of this product / service.

3. Explain why the techniques and tools you have identified are suitable to improve

the quality of this particular product / service.

Q3. JIT, TPS and Lean Operations are all philosophies of continuous improvement.

1. For the product / service you selected in Q2, list and briefly describe your company operations related to this particular product / service.

2. Choose one of the philosophies that you think is most suitable for improving your company operations specifically for the product / service in Q2. Explain and justify your reasons for why you think your choice of philosophy is correct for this particular product/service.

3. How will you implement your philosophy in your company ?

Q4) Looking at the specific nature and the characteristics of the industry in which your company operates, answer and explain the following statement specific to your company operations: “Competition is no longer between companies but between supply chains”.

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