Sunday, February 23, 2020

Operations Design Assignment Example | Topics and Well Written Essays - 2250 words

Operations Design - Assignment Example The assignment "Operations Design" talks about the operational efficiency, one of the most important factors in order to gain competitive advantage. It is involved in various strategic issues like the deciding the location and size of manufacturing plants, determining the structure of telecommunication and service networks and developing the supply chains. Various tactical issues where operation management is involved are layout and structure of the plant, methods of project management and selection as well as replacement of equipment. Apart from strategic and tactical issues there are various operational issues like scheduling and controlling of production, inventory management, controlling quality, materials and traffic controlling and maintenance of equipmentÃ'Ž There is the extensive practice of operations management in the airline and the automobile industry. In both the industry long term success depend on proper size, layout, structure of manufacturing plants, efficient and c ost-effective supply chains, proper quality and inventory control, assembly system and equipment maintenance. Most of the recent problems in this two industry are associated with these above-mentioned issues. To address these issues various programs like ERP (Enterprise Resource Planning), TQM (Total Quality Management), BPR (Business Process Re-engineering) etc. are developed and implemented. Success in the automobile industry hugely depends on how the organization manages the entire operation.

Friday, February 7, 2020

Macroeconomy of Poland Research Paper Example | Topics and Well Written Essays - 1000 words

Macroeconomy of Poland - Research Paper Example his country has established stable trade relations with the rest of the world, where it cooperates with other countries such as China, Japan, and Canada who are its major trade partners. This country provides Canada with the second largest market in central and eastern Europe, where in 2005, Canada exported a total of $266.7 million worth of goods to Poland and in turn imported goods worth 532.6 million (Krugman, 34). These countries and other European countries have established many investments in Poland, in the sectors of transportation, technology, and security. However, there are various challenges that face this country, regarding its economy. Among those challenges is the aligning of the countries fiscal and monetary policies, towards adopting the euro. Another challenge facing the country is its labor force, where the country has a high rate of unemployment and low labor participation in the economic growth (Batara, 25). The country also suffers from a poor business environmen t, where the economy is dominated by major public sector investments, whose failure to privatize has hindered the favorable local and foreign investments into the country. Paramount of these challenges is the poor infrastructure for the agricultural sector, which this country possesses. The sector lacks ample investment, has surplus of labor and has a shortage of small firm’s investment (Schwab, 60). The banking system in Poland is large, ranked as the biggest in east and central Europe (Batara, 28). The sector is highly developed, an aspect that has been contributed by the privatization of some banks by the government in the period 1992-1997. During this period, the government also restructured other banks and added more capital and infrastructure to them while at the same time putting...This paper aims to present a comprehensive modern overview of the economy of Poland, in order to determine macroeconomic tendencies in the country and to outline its economic perspectives. Until the 1990s, the economy of this country was centralized. However, from then on, the government has been trying to decentralize this and adopt a free market system of economy, which has served to steer the economic growth of this country to the present state. This notwithstanding, there are many other sectors of the economy which have remained resistant to change, which is desirable for a free market economy The industrial base of this country is centralized around petrochemicals, machinery, fertilizers, electronics, car manufacture, and shipbuilding. This country established stable trade relations with the rest of the world, where it cooperates with other countries such as China, Japan, and Canada who are its major trade partners. The banking system in Poland is large, ranked as the biggest in east and central Europe. The sector is highly developed, an aspect that has been contributed by the privatization of some banks. The government also restructured other banks and added more capital and infrastructure to them while at the same time putting in place policy reforms that greatly supported this sector. The future of the economy of Poland is promising. The county is constantly establishing vital political and economic relations with other countries to enhance its trade and investments, serving to spur the economic growth even further