Operations Management – Questions 5
**IMPORTANT; follow grading guide attached.
Answer the 8 questions below, each question minimum of 150-200 words. Must be in APA format, please identify the questions on paper. Cannot accept more than 5% plagiarism, it will be submitted to TurnItIn. If you are referencing please do in-text citations.
References: Jacobs, F. R., Chase, R. (2013). Operations and Supply Chain Management, 14th Edition. McGraw-Hill Learning Solutions. VitalBook file.
*** Feel free to use more than one reference.
****Very very important, make sure you don’t fully reference answers, they must also have examples.
5: Strategic Capacity Management
What is capacity management and why is it an important focus for firms?
How does one execute capacity planning?
Ch. 17: Enterprise Resource Planning System
What are enterprise resource planning (ERP) systems and why are they important?
How are supply chains enabled and improved via ERP systems?
Ch. 18: Forecasting
Why is it important for firms to focus on forecasting models?
Compare and contrast the various types of forecasting models.
Ch. 19: Sales and Operations Planning
Why is sales and operations planning an important focus for many firms?
Ch. 21: Material Requirements Planning
What is material requirements planning (MRP) and Why is it important for manufacturing firms to focus on MRP?
Solution Preview
Chapter 5
What is capacity management and why is it an important focus for firms?
Capacity management is the capability to satisfy a customer’s needs using the available resources. It can also be described as the management of an organization’s restricted resources like raw materials, labor, and machinery among others. Usually, the needed yields during manufacturing resource limitations are handled through reorganizing the workforce or working for an extra time.
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