Business Finance - Economics
Present the following findings to your chief executive officer based on the scenario from the first two assignments.
Scenario
As the vice president of operations, you have noticed that your organization's current operations strategy is not supporting the challenges that the organization is presently facing. In order to maintain a competitive edge, you must address these challenges with your chief executive officer immediately.
Select an existing production organization. Analyze the organization's current vision, mission, business strategy, operation strategy, supply chain, total quality management, just-in-time philosophy, forecasting method, statistical technique, facility location, work design, project life cycle, and project management.
Instructions
Create a presentation in a common format (PowerPoint or a similar program) with a minimum of 20 slides and corresponding speaker notes in which you:
Determine which statistical technique you will employ to measure the quality characteristics of your organization. Provide examples to support the rationale.
Analyze the current facility location, then use the three-step procedure to determine a new location.
Analyze the key concepts related to capacity planning and facility location for the new location.
Examine the current work system design and determine your organization's selected feasibility in the job design (i.e., technical, economic, behavioral). Assess key elements of the rationale in the work design competitive advantage.
Using the method analysis described in the textbook, defend the new change implementation process and the rationale for the change of method.
Develop a diagram showing network planning techniques using the program evaluation and review technique (PERT) and the critical path method (CPM).
Sample Solution
Presentation to CEO: Optimization of Operations Strategy
Slide 1: Title Slide
- Company logo
- Title: Presentation to CEO: Optimization of Operations Strategy
- Your Name, Vice President of Operations
- Date
- Briefly summarize the current situation: challenges faced and need for an updated operations strategy.
- Introduce the presentation's objectives and key topics to be covered.
- Explain the chosen statistical technique (e.g., Six Sigma, Control Chart) and its rationale for the organization's specific quality characteristics.
- Provide examples of how the technique will be implemented to measure and improve quality.
- Present an overview of the current facility location, including its advantages and disadvantages.
- Analyze factors relevant to the location decision (e.g., labor market, proximity to resources, transportation costs).
- Apply the three-step procedure for facility location:
- Step 1: Identify relevant factors and assign weights based on importance.
- Step 2: Evaluate potential sites based on the weighted factors.
- Step 3: Select the optimal location based on the evaluation results.
- Discuss key concepts related to capacity planning for the new location:
- Demand forecasting methods (e.g., moving average, exponential smoothing)
- Production planning techniques (e.g., aggregate planning, material requirements planning)
- Analyze how capacity planning interacts with the new location's potential and limitations.
- Describe the current work system design and its impact on efficiency, productivity, and employee satisfaction.
- Identify areas for improvement and potential changes to the work design.
- Analyze the organization's selected feasibility in the job design (technical, economic, behavioral) and its impact on the chosen work design.
- Assess key elements of the rationale in the work design's competitive advantage, such as flexibility, adaptability, and employee motivation.
- Explain the chosen method analysis technique (e.g., flowcharts, time studies) and its application to the planned change process.
- Defend the rationale for the chosen change implementation process and its anticipated benefits.
- Develop a diagram showing network planning techniques using both PERT and CPM.
- Explain each technique's key components (activities, durations, dependencies, critical path).
- Highlight the advantages and disadvantages of each technique for the organization's specific project.
- Outline the key steps for implementing the proposed changes, including responsibilities, timelines, and milestones.
- Address potential challenges and mitigation strategies.
- Quantify the anticipated benefits of the proposed changes, such as improved efficiency, cost savings, and quality increases.
- Explain how these benefits will contribute to achieving the organization's strategic goals.
- Recap the key findings and recommendations from the presentation.
- Emphasize the urgency and importance of updating the operations strategy.
- Express your commitment to leading the implementation and ensuring its success.
- Each slide should be accompanied by detailed speaker notes that provide further explanation, context, and justification for the presented information.
- Use visuals such as diagrams, charts, and graphs to enhance understanding and clarity.
- Be prepared to answer questions and address concerns from the CEO.
- Practice your presentation beforehand to ensure smooth delivery and confident communication.
- Adapt the presentation content and structure based on the specific organization and its challenges.
- Include relevant data and statistics to support your claims and recommendations.
- Tailor the presentation style and tone to resonate with the CEO's communication preferences.