Operations Management and Supply Chain Management

Question: How does Operations and Supply Chain Mgmt enhance company profitability? 1. Content 2. Charts and Graphs 3. Evidence to support your position 4. Examples that highlight your conclusion Table of Contents: I. Executive Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 II. Operations Management and Profitability†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 III. Supply Chain Management and Profitability†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 IV. Examples/Case Studies†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.8 V. References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..10 Today more than before have the functions of Operations and Supply Chain Management (SCM) impacted the bottom line of companies that recognize the facets of†¦show more content†¦Operations management systems that have enhanced the companys profits include self-scan checkouts, optimizing the use of trailer space, reducing unnecessary journeys and saving energy in stores. Campbells Soup, Caterpillar and Proctor and Gamble: Companies were able to reduce the amount of inventory they carry by using lean strategies, just- in- time production and networking with vendors, suppliers and customers. Companies like Campbells Soup, Caterpillar and Proctor and Gamble set really high goals to realize this value creation within their organizations. Now to even say that they were leading the pack to globalize and streamline their operations, with ERP technology sounds like old hat. But the investment that companies have made and the strides in operating performance are enormous. IKEA: IKEA transformed from a small mail order Swedish company into a global powerhouse by the modernized approach to shopping of self service and modularized to-be-assembled packaging. Order configuration at the time of customer service offers tremendous variations and immediate recognition to fulfillment in the supply chain. A number of companies have employed this technique especially computer companies like Dell and others, and can easily assemble from preassemblies. The technology and the speed of online ordering has advanced companies well beyond earnings of the prior decade. But more than this it has changed the face of theShow MoreRelatedSupply Chain Management And Operation Management1374 Words   |  6 Pages1) Definition of the scope Supply chain management and operation management have become integral components as far as organizational competitiveness is concerned. This paper will begin by offering a literature review about supply chain management and operations management. Then, the paper will explore various issues within the Airbus company and analyze the identified issues by apply SCOM concept. The paper will also identify specific best/worst practices in the Aerospace industry before offeringRead MoreSupply Chain Management And Operations Management747 Words   |  3 PagesPart I, Objective 1: Supply Chain Management (SCM) and Operations Management (OM) Supply chain management is the business of overseeing the flow of materials to manufacturers, wholesalers, retailers and consumers. 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This givesRead MoreSupply Chain Management: Operations Management Essay1330 Words   |  6 PagesSupply Chain Management: Operations Management Introduction Operations Management is the term we use for the management of the resources necessary to produce and deliver the products and services required by customers. These resources include labour, materials and capital equipment. The following definition reflects the nature of Operations management: Operations management is about the way organizations produce goods and services. Everything you wear, eat, sit on, use, read or knock aboutRead MoreOperations and Supply Chain Management1804 Words   |  8 PagesWhen marketing, engineering, and operations simultaneously develop a process (cross -functional integration), this approach is known as __________ ________________. A) sequential process B) traditional approach C) concurrent engineering D) both A and B E) none of the above Feedback: C is the correct answer. 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Personal Development Plan Statement Example

Essays on Personal Development Plan Personal Statement The paper â€Å"Personal Development Plan" is a   breathtaking example of a personal statement on  management. At present, I am doing graduation in the field of Business Management and Psychology. I think that studying for this degree has so far proved to be very beneficial for my personal and professional development. I have learned some key concepts and techniques related to business management. As I have planned to open my own SPA and wellness centers once I am done with my studies, this degree would play a key role in the achievement of my goal. Studying business management has helped me learn some basic principles of business administration and maintenance. It has also helped me explore real-life examples related to the application of those principles in managing a business. Moreover, it has also helped me understand the importance of customer relationship management in the development of a business.Studying business management, I have come to know about such issues, of whi ch I did not have a complete awareness before taking admission in this field of study. For example, I have become aware of the importance of effective communication skills, effective leadership skills, organizational skills, and decision-making and negotiation skills in becoming a successful businessperson. Moreover, I have come to know about such managerial qualities, which play a key role in an entrepreneur’s success. For example, I have become aware of the importance of employee management skills, customer care and satisfaction, personal commitment, proper budgeting skills, financial knowledge, and forecasting skills in managing an SPA business. Therefore, I would say that studying business management has proved to be a good decision as it has helped me gain a practical understanding of business management.Answer No: 2I intend to open my own SPA and wellness centers in London once I am done with my studies. The first step towards the achievement of this goal is to complete my graduation in the field of Business Management and Psychology. I have been enrolled in this degree program since 2007. In a year or so, I would be able to take admission to a Master’s Degree program. Upon completion of my Master’s degree, I would be ready to start my own business.As I have been a working student, I have not only learned time management skills but also have earned much experience of working as a SPA employee. I have worked at the Claire Maxwell Hudson Massage School and earned a Level 3 Diploma in Massage Therapy, which was really a life-changing experience for me. I began to understand the pace of growth and development of the Wellness industry in almost every part of the world. Along with that, I acquired massage techniques and wellness skills, which are essential for a person to practice this profession independently. My academic field of study has made me able to apply my acquired knowledge in practical situations. I believe that my educational qualification, hands-on training, and a diploma in Massage Therapy would really help me transfer my practical and academic skills to my profession in an appropriate manner. I have also learned effective communication and negotiation skills which would also help me achieve success in my career plan.

Benefits of Socialized Medicine free essay sample

Title An Assignment Submitted by Name of Student Name of Establishment Class XXXX, Section XXXX, Fall 2011 Outline I. Introduction 1. History of socialized medicine 2. Definition of socialized medicine II. Advantages 1. Social advantages 2. Economic advantages III. Disadvantages 1. Social disadvantages 2. Economic disadvantages IV. Conclusion INTRODUCTION History of socialized medicine Socialized medicine was first introduced in Germany by Chancellor Otto von Bismarck in 1883 but was only intended for factory and mine workers. It was mandatory for these workers to get public health insurance. The policy was later extended to almost all employees in Germany by 1911. Today, almost all developed countries have socialized medicine to a high percentage. New Zealand was the first country with mixed economy to have free public health care in 1939. The United States started the first public aid program as Medicaid in the 1960’s to help poor mothers with health care which covered their children. Socialized medicine in some countries like Canada is mandatory for all workers, while in some other countries is salary dependent like in the Netherlands where employees with a certain level of income are excluded. We will write a custom essay sample on Benefits of Socialized Medicine or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Definition of socialized medicine Socialism is an economic system whereby the means of production or the products are government owned or controlled by the government. Socialized medicine is a system of providing free medical health care by government controlled financing strategies majorly taxation and insurance. The whole health sector in some cases, are operated fully or partially by the government. Public health insurance may be made mandatory or high taxes may be cut from the rich masses or employees whose income is relatively high compared to the average earning mass. ADVANTAGES Social advantages The aim of the socialized medicine policy is that people who do not have the access to medical care can get it at nominal costs. In other words, the connection between cost of medical care and the medical service rendered is broken. There is a very high accessibility to medical care at highly affordable costs because all of the profit drives are cut off the sector. Doctors will not be profit or salary driven but the desire to work will be paramount. There is increase in mortality or life expectancy in such countries where socialized medicine is being practised. People can get fast attention to medical problems soon enough before a spread without thinking about the bills. Economic advantages If the labour market is healthy, then there will definitely be an increase in labour. Not with-standing the fact that majority of blue-collar workers like farmers belong to below average economic classes who are the major target of the socialized medicine, socialized medicine will increase man labour and white-collar job workers performance. Socialised medicine is a financial relief to families and individuals because there are probably lots of expenses to think of and adding health insurance from private sectors is not a good option. The privately owned and controlled insurance companies are out there to just drain the public of their money by denying their clients most of their entitlements thereby keeping the circulation of money in one direction which is ever towards them. There is nothing like the joy of having what you want at the right time. That defines a good economy. DISADVANTAGES Social disadvantages It creates a kind of segregation between the poor and rich who have the money to pay in an option where cash can be offered. The people who can afford medical care treatments on their own will probably have a better service than those who depend on the funds of the government in a mandatory insurance setting. Issues of bribery to overcome queue will definitely mount up and there will be corruption even in the medical field where doctors are assumed to be God’s healing hand stretch to earth. Corruption will endanger people’s lives and put them at risk even at the verge of getting medical care. Socialized medicine can hinder, reduce or even crowd out growth of private health organisations who also want to render free public health services because the public will highly depend on the facilities rendered by the government in a totally socialized medical care system. Economic disadvantages The law of demand states that in general, other things been equal, the lower the price of an item, the greater the quantity of the item buyers will purchase over a given period. The law of supply states that in general, other things been equal, the higher the price of an item, the greater the quantity of that item sellers are willing and able to make available over a given period. This laws of demand and supply relatively affects the system where socialized medicine is indulged. The lesser the cost of medical care, the higher the demand which will in turn cause shortages and queues in the medical centres. Some may prefer to queue rather than pay for medical care but in cases of emergency, socialized medicine might not be reliable. The rate of demand will always be higher than that of supply. In a case where the government does not have adequate health funding plans and budget, debts could accumulate. There is advance in medical technology and the research for more medical options, most of which will lead to more expensive medical care, and this means that the funds will increase over time. If the government is not prepared for this, it could affect the economy greatly. The government has to budget for unseen circumstances like an outbreak of a disease of infection in which there will be lots of health medication funded by the government at a particular point in time. Socialized medicine could cause a tedious working environment for the medical staffs due to fatigue or stress from work load. CONCLUSION Without doubt, socialized medicine is very important and of great aid to the society, but it has to be considered with all factors attended to for instance, the possibility of increase in medical care and a long time budget to cover the funds needed to carry out socialized medicine without any problems or threats to the financial status or economy of the country. A balanced mixed economy type of public health care will be the best to implement government aided support in the medical sector. The rich, at their luxury, can afford the type of medical attention they need without queue or corrupting the medical sector and the poor or average class can get the medical care support they need from the government. Instead of criticizing the socialized medical care, questions like how the funds will be raised to cover all government expenses on health care should be discussed considering the country’s economical position and stability. References Lemieux, P. (2004). Socialized medicine. IBL occasional papers. Italy. Hubert D. (1922). Supply and demand. New York: Harcourt, Brace. Gerald, C. (1999). Why Doesn’t America Have Universal Comprehensive Health Care Ashland Sentient Times [online] Available: http://members. peak. org/~ramselj/univ. txt John, G. (2005). Five myths of socialized medicine. Cato’s letter (3rd vol. ). Washington. Available [online]: http://www. cato. org/pubs/catosletter/catosletterv3n1. pdf

Romeo And Juliet With Midsummer Nights Dream Essays -

Romeo And Juliet With Midsummer Nights Dream "Lord, What fools these mortals be..." That's what Robin Goodfellow from the book "A Midsummer Night's Dream" remarked. It is inevitably the truth. The aspect of love can mar the human mind. It's hard to explain and hard to fit into mere words. Three main kinds of love seen most often in literature are romanticism, family, and friendship love. An example would be heartily clarified using the books "Romeo and Juliet" along with "A Midsummer Night's Dream" by Shakespeare. Most often, the romanticism is greatly appreciated by the audience. Tales of chivalry intrigue the human mind, making it yearn for more. This kind of love is between a man and a woman who most often wish to be bonded by marriage. Hermia and Lysander can be compared to Romeo and Juliet. They were both fanatical for eachother, and madly doted on one another with such fervor. Though there were some small contrasts, Hermia and Lysander's love was tampered with by magic, while Romeo and Juliet's was their complete facination with one another. That is romanticism. Family love is a warm feeling of being protected by the one that you were birthed to, or has taken care of you the majority of your life. In the case of these books, we'll use Egeus and Hermia. It's possible that Egeus might have actually loved Hermia, unlike Lord Capulet towards Juliet. Capulet didn't sincerely care about Juliet's feelings; it was only pertinent for the political value to him that Juliet could have brought with her marriage to Paris. It doesn't mention Hermia's mother, but Juliet's mother is quite detached and uncaring. This most surely arises from the fact that Juliet's mother was so young when she gave birth to Juliet. Friendship love is completely different from family or romantic love. you can depend on friends to help you through things that people who are too close, like family or significant others who cannot help. To Helena she was Hermia's best friend, and Romeo to Mercutio. Yet, Romeo and Mercutio stayed true to eachother, whiel Helena betrayed Hermia. Of course, different insights lead to different views. Love is something that will live through out ages, not only in literature but also in people's hearts. Love is hard to simply be depleted. Now, there are far more categories of love than these three. To take them all into consideration would mean you'd have to become immortal. While all three of these contrast greatly, there is some mutual feeling between them, which is basic love, no matter how you look at it.