This website uses cookies to ensure you have the best experience. Learn more

Operations Management Essay

3473 words - 14 pages

Case Study: Matthew Yachts, Inc.
(Process Strategy)

Matthew Yachts, located in Montauk, Long Island, manufactured sailing yachts of all descriptions. The company had begun by building custom-designed yachts for a largely New York-based clientele. Custom-designed yachts still accounted for three-fifths of Matthew’s unit sales and four-fifths of its dollar sales and earnings. Over the years, as Matthew Yachts’ reputation for quality design and workmanship spread, sales broadened to cover all of the eastern seaboard.
In an effort to capitalize on this increased recognition and to secure a piece of the fastest growing market in sailing, Matthew Yachts began manufacturing a new standard, ...view middle of the document...

As a result, many fixed-design yachts were strewn around the yard in various stages of construction. Moreover, space in the existing shipyard was becoming scarce, and a plant expansion of one sort or another appeared inevitable.
DISCUSSION QUESTIONS
1. Should Matthew Yachts, Inc. stay in the business of building standard, fixed-design yachts?
2. If Matthew Yachts does so, how should it continue?
2. Case Study: Southwestern University’s Location Decision
(Location Strategies)
With the steady growth in attendance at Saturday home football games, Southwestern University’s president, Dr. Joel Wisner, had reached a decision. The existing stadium, with seating capacity of 54,000, simply would not suffice. Forecasts showed increasing interest in the program, and complaints by loyal fans and big-money athletic club boosters revealed the need for premium-class seating and luxury amenities not found in a 1950s-era stadium [But the choice of what to do was anything but clear to President Wisner. His vice president of development, Leslie Gardner, had presented three options: (1) expand the existing stadium to 75,000 seats, adding numerous luxury skyboxes and upgrading most of the yardline seats to include comfortable backings; (2) build a brand-new stadium three miles from campus on land, worth about $3 million, donated by a team booster; and (3) signing a 10-year contract with the Dallas Cowboys football team to rent their stadium, 28 miles away, for a fee of $200,000 per game.
Each of these options had clear benefits–yet each had at least one very strong negative as well. Expanding the current facility carried a $12 million price tag, with an annual fixed cost of about $1 million and with a variable cost of about $1 per attendee. If the job were not completed in the nine-month off-period between seasons, the team would be left without a home field on which to play in 2004. This meant reneging on contract dates with powerhouse teams that were signed some 3 to 4 years earlier. Contract violations are not a matter taken lightly in the NCAA or the Big Eleven Football Conference.
Building a brand-new stadium off-campus would yield a plush, state-of-the-art facility, but it had to be named after the donor of the land. It also meant a huge fundraising drive on the order of $40 million by President Wisner, plus likely bond insurance placing a 20-year debt burden on the college’s balance sheet. He tentatively concluded that fixed cost would be in the neighborhood of $5 million per year and variable cost about $2 per attendee.
The third option had definite advantages from the perspective of many, if not most, of the fans who attended the games. A large number already lived in the Dallas—Fort Worth area and would be spared the long commute and horrible traffic jams that always seemed to occur in Stephenville on game days. Clearly, however, students would be unhappy and buses would have to be provided by SWU, for free, to bring students from...

Other Papers Like Operations Management

Operations Management Essay

2917 words - 12 pages Managing Operations Introduction The report will start with definition of operations management concept. This will be followed by identifying some of the global factors affecting operations management in organisations and the impact such factors have on operations management in organisations and to assess how operations management can contribute to sustainable business activities . The second part of the report will describe how project

Operations Management Essay

1981 words - 8 pages ‘Discuss the role and importance of operations management in the context of the organization that you have chosen.’ 2010 Cohert Introduction What is Operations Management? • “Operations management is the activity of managing the resources which are devoted to the production and delivery of products and services”. It is one of the core functions of any business, although it may not be called operations management in some industries

Operations Management

967 words - 4 pages Operations Management Supply Chain Nathalia Gomez Kean University Abstract Supply chain management is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. It is the streamlining of a business' supply-side activities to maximize customer value and to gain a competitive advantage in the marketplace. Supply

Operations Management - 2361 words

2361 words - 10 pages Operations Management Literature Review and Critique Introduction Supply Chain Management is the combined set of practices, policies and frameworks that represent the relationship and the working dynamics between manufacturing, supplier, wholesaler, retailers and other supporting entities like warehouses, distributors etc. that enables final goods and services to reach the customers in the desired quantities and at the desired time

Operations Management - 5367 words

5367 words - 22 pages What is Operations Management? 2013 Joshua Richards POM 343 Due: 12/11/2013 Table of Contents Tale of Things to Come 1 Conceptual Model 2 Class Two: What is Operations Management / Productivity, Competitiveness & Strategy 3 Class Three: Forecasting, Aggregate Planning, MRP and ERP 4 Class Four: Product and Service Design 5 Class Five: Capacity Planning, Process Selection and Facility Layout 6 Class Six: Design of Work

Operations Management - 5007 words

5007 words - 21 pages Operations Management: Case Custom Molds Joseph Lynn A4006828 MBA4 GGSB : LSBF 1. What are the major issues facing Tom and Mason Miller? 2. Identify the individual processes on a flow diagram. What are the competitive priorities for these processes and the changing nature of the industry? 3. What alternatives might the Millers pursue? What key factors should they consider as they evaluate these alternatives? Comment Form for Assessed Work

Operations Management - 843 words

843 words - 4 pages customers always change so the organization can develop their products to satisfy the needs of their customers continuously for example a company producing its own brand products for customers. Diversification It gives the company to see where it’s going and how it can grow to next level to also enjoy economies of scale. 1. References 1. 17 February2013,http:graelaws.wordpress.com/mba/operations-&-process/operations-performance-objectives-the–big-5/ 2. 24 February2013, http://wiki.answers.com/Q/Role-of-operations-management-in-strategic-management

Operations Management - 3000 words

3000 words - 12 pages Operations Management 4BIM502 Assignment No. 1 Abdurahman Haji 12159352 Adam Al-Ghariyani 10594805 Word Count: 2650 Question 1). The post-construction issues that have come to surface regarding the Northstar HyperMall within the last three months are varied yet linked. These issues are of such importance in relation to the reliability – (According to Hollins and Shinkins, 2006 ) “The most important aspect of any product or

Operations Management - 3568 words

3568 words - 15 pages use the library.· Special promotions such as two movies for one should be offered for older movies. This will attract more members to take out more products.REFERENCESJohn Bicheno & Brian B. R. Elliott (1997) Operations Management An Active Learning Approach, Oxford, Blackwell Publishers Ltd.Nigel Slack, Stuart Chambers and Robert Johnston (2001) Operations Management 3rd edition, Essex, Pearson Education LimitedRobert Johnston & Graham Clark (2001) Service Operations Management, Essex, Pearson Education LimitedWEBSITES

Operations Management - 4169 words

4169 words - 17 pages ------------------------------------------------- LETTERKENNY INSTITUTE OF TECHNOLOGY ------------------------------------------------- ------------------------------------------------- ASSIGNMENT COVER SHEET ------------------------------------------------- Lecturer’s Name: George Onofrei ------------------------------------------------- Assessment Title: Operations Management

Operations Management - 2714 words

2714 words - 11 pages Nottingham Castle”. [viewed 27/10/2011]. Available from: http://www.nottinghamcity.gov.uk/pressarchive/index.aspx?articleid=13234 2. Nigel Slack, Stuart Chambers, Robert Johnston, 2010. Layout and flow. “Operation Management”. 6th Edition. pp.182. 3. Nigel Slack, Stuart Chambers, Robert Johnston, 2010. Operations Management. “Operation Management”. 6th Edition. pp.12-13. pp.19-20 4. Nigel Slack, Stuart Chambers, Robert Johnston, 2010. Quality Management. “Operation Management”. 6th Edition. pp.498-499

Related Essays

Operations Management Essay 678 Words

678 words - 3 pages Operations Management This assignment discusses the importance of operations to achieve the firm’s objectives with respect to sales, profitability and quality. This paper starts with a definition of operations management. Operations Management (OM) is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. To be able to let the production of goods and services run efficiently, the

Operations Management Essay 1722 Words

1722 words - 7 pages Operations Management… By D.B.S. Saurabh Marwah(201401017), Dingnan Ouyang(201400084), Boyang Yu(201400104) Students – Asia Pacific International College Literature review 1 Literature review of Operations management Saurabh Marwah, Dingnang, Boyang Asia Pacific International College Research Topic: The impact of total supply chain management on organization performance? Literature review 2 Introduction Operations

Operations Management Essay 1107 Words

1107 words - 5 pages department needs to have a solid foundation of skills focused on customer service, logistics, finances, human resources, and finally business analysis. However, within many organizations and hospitals this is not the case; the employees do not fully understand their role and significance to the organization due to the lack of proper training and education. ROLE OF OPERATIONS MANAGEMENT WITHIN MATERIALS MANAGEMENT Operations management is

Operations Management Essay 1833 Words

1833 words - 8 pages Operations management It is an area of management concerned with overseeing, designing, controlling the process of production and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed, and effective in terms of meeting customer requirements. Operational manager The manager concerned with