Management Technique

Question 1

Here Is the Discussion

1. Operations management techniques during all stages of production can be used by managers to increase the quality of an organization’s products, the efficiency of production, and the organization’s responsiveness to customers. Many say manufacturing in America is a dead end…

Why manufacturing industries have declined in America and why? What arguments are made for effective ways to increase manufacturing in America?

Why is it important for managers to pay close attention to their organization’s production system if they wish to be responsive to their customers? [LO 14-1]When marketers and suppliers cooperate as partners, Just In Time inventory methods (JIT ) has often worked well. Wal-Mart Stores Inc. is widely cited as one of the best practitioners of inventory management. Wal-Mart will take an electronic inventory of its shelves nationwide every Sunday night and automatically notify the distributor, which will then place an order early Monday morning to manufacture the replacement product for delivery to stores on Thursday. What is efficiency, and what other techniques are there that managers can use to increase it? [LO 14-4]

Question 2

Complete the Financial Plan

1. Create a financial worksheet and use that output to create charts, tables, and graphs to tell your financial story. Use the rubric to determine which portions of the financial worksheet should be incorporated into your Financial Plan.
2. In the financial area, you will focus on funding, sales, expenses, and required financial statements. Remember that your proposed Financial Plan should match the characteristics of your Industry Analysis.