Category: Essays

Business Mapping of Processes. From Chapter 3, Problem 13, read the current home equity loan process at Faircloth Financial and map the current process. Identify any rework loops and delays in the process. What causes these? What is the impact on cycle times? How might this affect customers’ willingness to do business with Faircloth? What changes might you recommend to redesign this process with the needs of the customer in mind? Respond to at least two of your classmates’ postings.

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Gantt vs. Network Based Approach. From the end of Chapter 5, complete Discussion Question 3: What are the main advantages of using a network-based approach to project management rather than a Gantt chart? Under what circumstances might a Gantt chart be preferable to a network-based approach? Respond to at least two of your classmates’ postings.

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Expected Values and Decision Trees. From the end of Chapter 8, consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4, then complete Problem 5. First, draw the decision tree for Arktec Manufacturing. When drawing your tree, assume that managers must select a capacity option before they know what the demand level will actually be. Then, calculate the expected value for each decision branch. Which option would you prefer and why? Respond to at least two of your classmates’ postings.

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Forecasting Models. From Chapter 9, answer Discussion Question 1: Which forecasting techniques do you think Ford should have used to forecast changes in the demand, supply, and price of palladium? Time series models? Causal models? Qualitative models? Justify your answer and respond to at least two of your classmates’ postings.

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Pros and Cons of Outsourcing. From Chapter 10, answer Discussion Question 1: What are some of the pros and cons of outsourcing? Why do you think many firms are experiencing an increase in their levels of outsourcing? Respond to at least two of your classmates’ postings.

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Spend Analysis. From the end of Chapter 11, read the Case Study: The ABCs of Spend Analysis. Respond to the following questions in a one to three page document to submit to your instructor. The submission must adhere to APA style guidelines and should include at least two scholarly references.

a. Why are data analysis skills and thinking so important to spend analysis? Can’t software applications be used to generate the information needed automatically?

b. How might a structured process such as Six Sigma methodology (Chapter 3) be useful here?

c. Why is it important to get other functional areas, notably finance, involved in spend analysis efforts? Can you think of some other functional areas that should be involved?

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Level vs. Chase Production Plan. From the end of Chapter 13, answer Discussion Question 3: In general, under what conditions might a firm favor a level production plan over a chase plan? A chase production plan over a level plan? Respond to at least two of your classmates’ postings.

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JIT/EOQ/ROP Interrelationships. From the end of Chapter 14, answer Discussion Question 6: The just-in-time (JIT) movement has long argued that firms should

a. Maximize their process flexibility so that ordering costs are minimal;

b. Stabilize demand levels;

c. Shrink lead times as much as possible; and

d. Assign much higher holding costs to inventory than has traditionally been the case.

Using the economic order quantity (EOQ) and reorder point (ROP) formulas, explain how such efforts would be consistent with JIT’s push for lower inventory levels. Respond to at least two of your classmates’ postings

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ERP Solutions. From the end of Chapter 15S, answer Discussion Question 4: SAP is the world leader in enterprise resource planning (ERP) systems software, and has developed tailored ERP systems for different industries. Go to SAP Industry Solutions and examine the solutions for (1) a service industry and (2) a manufacturing industry of your choice. How are they similar? How are they different? Respond to at least two of your classmates’ postings.

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Calculation of Kanban Cards. From the end of Chapter 16, answer Discussion Question 4: The chapter notes that kanban is not a planning tool but a control mechanism. What does this mean? How does the Marsica MRP-kanban example in Example 16.4 in Chapter 16 of the textbook illustrate the point? Respond to at least two of your classmates’ postings.

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