J#(9)-20777777

This course is "Operations Management For Competitive Advantage". Please answer the following questions and strictly follow the requirements of "Guidelines for weekly Journals" in the PDF file.

Be sure to read the documents in PDF 1 and PDF 2 before answering

200-250 words for each question

The most important grading requirement is: 10 pts

Easy to read entries reflect readings or research done well, are comprehensive, use personal examples and references when used, and relate directly to questions.

Week 9: Capacity planning and inventory management

Please read the "1" pdf and answer the following questions

· Capacity planning

Please research the following questions and provide evidence to support your answers. (PDF 1 page 19)

1. What factors do you take into account when building an N95 plant in mid-2020? Be methodical.

2. In your current or previous position, how is capacity managed? How can it be improved?

3. Describe a good waiting line management from your own personal experience. How can it be even better (definition first)?

4. Which plane boarding method do you think is the best and why? What can you do to speed it up?

Reference video given by professor

Demand and capacity planning

https://www.youtube.com/watch?v=uoSVfyIETaA

Demand forecasting

https://www.youtube.com/watch?v=NxR-9zjciCI

What is ERP?

https://www.youtube.com/watch?v=b3KJkkBs-vs

Bears in line

https://www.youtube.com/watch?v=IPxBKxU8GIQ

Hilton check in

https://www.youtube.com/watch?v=_ec391YB8XM

Please read the "2" pdf and answer the following questions

· Inventyory

Please research the following questions and provide evidence to support your answers. (PDF 2 page 26)

5. Compare and contrast Just in time and Just in case inventory management thoughts in the Lean context.

6. Analyze and answer questions of the slide on Monthly Retail Sales and Inventories, U.S., 1992-2019

(Please refer to PDF 2, page 9, 10)

7. Discuss the costs and benefits of Type A vs. B drivers as shown in my PPT slide on inventory trade-offs. What’re the lifetime costs/benefits of type B drivers?

8. Why did Amazon’s inventory turnovers drop from 16 to 8? And what happened to Apple’s from 80-100 around 2012-13 to about 40 in 2017-20? Can you explain?

Reference video given by professor

Types of inventory

https://www.youtube.com/watch?v=3gLSkDrs1Tg

Toyota way

https://www.youtube.com/watch?v=F5vtCRFRAK0

Amazon inventory

https://www.youtube.com/watch?v=zERrqLFotSY

Inventory turns

https://www.youtube.com/watch?v=DzB2z_WDYg8