Operations Management
Operations Management
ANSWER 1
INTRODUCTION-
When starting a business, location is crucial since it may affect the success or
failure of the venture. The long-term success and sustainability of a firm depend
on the location that is chosen. When installing an electric vehicle (EV) charging
station, site selection is especially crucial. The need for charging stations for
electric vehicles is rising along with the growing number of EVs on the road.
Therefore, the purpose of this article is to list the many factors that should be
considered when choosing where to put a charging station for electric vehicles
and how those factors relate to the business model.
The convenience and accessibility for EV owners are directly impacted by the
precise spot of a charging station for electric vehicles, which is essential to its
success. The numerous selection factors that should be taken into account while
choosing a site for a charging station for electric vehicles are as follows:
proximity to important routes and highways An EV charging facility should be
situated in an accessible location for access from main roads and highways.
This will make it quick and easy for EV owners to find and use the charging
station without having to detour or go out of their way. The success of a
charging station for electric vehicles is greatly influenced by its placement.
When picking a site for a charging station for electric vehicles, keep the
following things in mind:
4. Cost: Choosing a site for a charging station for electric vehicles is based
on cost as the fourth factor. The expense of leasing or renting out the
space must be taken into account by the business owner. It's also
important to include in the price of power, upkeep, and repairs. The cost
of marketing, promoting, and advertising the charging station is another
expense the business owner must take into account.
5. Visibility and signage: To help EV drivers find the charging station, the
EV charging station has to be clearly visible from the road. This is
especially crucial if the charging station is situated in a crowded
metropolitan location where there are numerous potential sources of
distraction that might lead EV owners to overlook the charging station.
These selection factors should be taken into account when choosing a site for a
charging station for electric vehicles to make sure that EV owners can readily
reach it and find it useful and secure.
CONCLUSION-
ANSWER 2
INTRODUCTION-
1. Limited capacity: Due to the fact that each cell may only accommodate
one particular cuisine or menu item, the cellular architecture may have
limited capacity.
2. Higher initial outlay: Because each cell has its own unique set of
machinery and equipment, the cellular architecture could need a higher
initial outlay for specialized machinery and equipment.
CONCLUSION-
ANSWER 3A
INTRODUCTION-
It needs a good operational strategy when a patisserie brand seeks to start a new medium-
sized pastry store to ensure seamless operation. An essential tactic for regulating supply and
demand within a specific time period is the aggregate operation plan, which helps to optimize
resources. By reducing expenses, this method enables organizations to produce at the levels
they demand.
The bakery should start by estimating how many pastries will be purchased throughout the
coming year. It is able to achieve this by examining previous sales information, market
trends, and consumer reviews. The pastry shop may create a production schedule that fits its
resources and capacity based on its customer demand projection. To make the most of its
resources and facilitate its operations, the patisserie business can implement the following
strategies:
• Demand forecasting: The patisserie business may utilize historical data to project
demand for its desserts in the new store. This can be useful in figuring out the
necessary resources, such as ingredients, tools, and manpower.
• Capacity planning: The patisserie shop may determine the necessary resources, such
as ingredients, machinery, and labour, by using the demand prediction to plan its
production capacity. This will guarantee that the store can satisfy demand without
reaching its capacity.
• Inventory control: The patisserie business may enhance its inventory control by
figuring out the ideal stock levels for its ingredients, raw materials, and completed
goods. As a result, inventory expenses will be reduced and overstocking or stockouts
will be avoided.
CONCLUSION-
In a nutshell, the pastry shop has to establish an overall operating strategy that
takes into account its objectives, production potential, and resources. The pastry
business may increase its productivity and profitability by anticipating demand,
streamlining its production schedule, utilizing JIT inventory, and making
investments in technology and automation. The pastry shop's success rests on its
capacity to continuously produce high-quality pastries in order to satisfy client
demand.
ANSWER 3B
INTRODUCTION-
Every firm, especially those in the patisserie sector, must have an effective inventory
management system. A common inventory control technique known as the Q and P system of
ordering is placing a specific amount of stock orders when the amount of stock reaches a
certain level, or the reorder point. We shall address the idea of Q and P systems of order, their
problems with inventory control for the pastry store, and potential remedies to these problems
in this article.
Order Quantity (Q) and Reorder Point (P): The amount of the order (Q) and reorder point
(P) are the two halves of the Q and P method of ordering. An order for a defined quantity (Q)
of stock is placed at the inventory level known as the reorder point. For instance, if the order
amount (Q) is 100 units and the point of reorder is set at 50 units, the company will place a
purchase order for 100 units as soon as the inventory level hits 50 units. The objective of this
method is to maintain a constant amount of inventory and avoid stockouts.
Problems with Inventory Management: The Q and P ordering system has several problems
with inventory management that might have an impact on how the pastry store operates. One
of the biggest problems is that this approach ignores the wait time between making an order
and getting supplies. Shortages in inventory or overstocking can come from the lead time,
which might vary based on the source and where the stock is located. Additionally, the
demand for pastries may fluctuate, which may result in inventory shortages during busier
times and oversupply during quiet times.
The Q and P ordering mechanism also has the drawback of having expensive inventory
carrying expenses. In order to take advantage of discounts or lower delivery costs, ordering
bigger quantities might lead to overstocking and higher holding expenses. On the other side,
ordering in smaller amounts can need more frequent orders and cost more to process.
Solutions: The pastry store can put a just-in-time (JIT) inventory management system in
place to deal with these problems. By focusing on ordering goods only when necessary, based
on demand projections and production plans, this strategy lowers the danger of stockouts and
overstocking. Additionally, putting in place a computerised inventory management system
may aid in monitoring stock levels, delivery times, and demand trends, facilitating improved
decision-making.
CONCLUSION-
In the market for pastry shops, the Q and P ordering system is a common
inventory control technique. It is not without flaws, though, such as shortages of
stock, overstocking, and excessive carrying costs. These problems may be
resolved by putting in place a JIT inventory management system and employing
a computerized inventory management system, which will allow the pastry shop
to keep the right amount of goods on hand and run as efficiently as possible.