Operation management tma worksheet

Second, peppermint has make enthronizations in plant they build a manu eventure in capital of the United Kingdom with 1 trillion productions of sandwiches per week but when they invest more by building Manton Wood they produce more by 3 million sandwiches. besides with new powerful machines, they could reduce the human resources costs because few tasks need to be d champion . Also the stock levels ordain be reduced so that this get out be successful for the company.Third reasons lead Hazelwood organizees to make coronations in the product that customers be smell for quality, different types of Sandwich to comp ar it when they atomic number 18 abroad, So Hazelwood try to provide a high quality, healthy and delicious sandwiches in order to meet the customer demand. In addition providing different types of sandwiches to satisfy all types of tastes and modify old items or create new ones. Over all, in that location are several(prenominal)(prenominal) other reasons that lead Hazelwood to made capital coronation . ln fact they are trying to gain competitive reinforcement to maximize the wealth of owners.They use different techniques to evaluate the investing opportunities, and then choose the vanquish project. Moreover, Hazelwood maintain a brand name because of its sandwiches, Actually each company should investment in sight, product and plant. Question 2 Hazelwoods investment termination techniques Investment decisions are all-important(prenominal) for the growth of the problem validation because an investment includes financial resources for get assets such building or equipments which will shoot down economic benefit for the company. Those decisions are difficult and expensive to refuse erst it has been ventured.Actually Hazelwoods uses various capital investment appraisal techniques to sum of gold which project is more profit qualified. archetypal method is Payback period which is the length of time that the investment takes t o pay back the net cash inflows form the project. Projects will be selected according to the period the business sets and the shorter ones are preferred. The advantages of this method that its easy and promptly to calculate or understood by users, avoiding risks and its good for the startup business to calculate the time needed to prepay the original investment.The disadvantages are that it onsiders intimately the time not the economic value of money, the pertinent information such as the cash flows beyond the payback period are ignored and it doesnt matter maximizing the wealth of owners because it looks for the short project periods while longer upright project might be ignored. The second is Net Present pry includes all the money of an investment It calculates the benefits from the investment against all the costs of this investment with allowance for the timing of them. The rule is to choose the project with the higher value and the positive ones not the negative ones.For i ts advantages, it casts about the objects of the business, maximizing the profits, it takes all the relevant cash flows in account and the timing of cash flow. For the disadvantages, there are some risks for example a machine doesnt educates, or that interests may muzzy in investment, also the problems of inflation which consider the loss in the purchasing power of money. The third is the Accounting Rate of Return which calculates the average operate profits over the average investment to earn those profits in the form of percentage.Its about achieving the target with higher ARR projects. The advantages that it represents a percentage and it consider the military operation before it has performed. The disadvantages about using the news report profits to measure the effect over the life of product, also different sizes of investments competing and using of average investment cause problems. Over all, those are the three investment decision techniques that Hazelwood uses in eva luation the investment opportunities.Each method ranks projects according to some compared features. With those techniques the most profitable project will be chosen. Question 3 Invest in throng Investing in workforces is the lifeblood for any business, very its important to make investments in human resources because they are the main employment of the business and attects it pertormance. Also well trained and experienced employees give advantage for the company because they are the workforce that a control the process in which the business operates.So the company should ensure that their employees are well trained, motivated and obedience to their hypothecates. Additionally maintain the satisfaction of the employee will raise the employee performance and digest to achieve the business objectives. Also this will improves their skills in doing the tasks. On one hand, Hazelwood provides flexible working environment include the induction plan which introduced the new employee t o the organization and to its role, also programs that make the new employees feel they are a part of the team.Second, Family-friendly HR practices to understand the employees circumstances such as the working hours for the mothers to look for their families and offers a paid time off for significant womens. Third, providing teaching and development opportunities which will enhance the commitment and improve the skills in doing the asks as fast as possible, also opportunities to take National vocational Qualifications relevant to the food industry. Hazelwood try to provide facilities in the Job environment by providing gyms, hair dressers, shops, restaurants and cleaning services.In addition, the employees expectations about the nature of work should be met. On the other hand, Hazelwood plain and monitor the performance of its employees to give them reward packages for their high performance. With those methods Hazelwood achieved to be the employees brand that its the resource of the employees because they know how to take care of their employees offer them good ay packages. As a result, Hazelwood decreases the labour turnover and reduces the levels of absenteeism also the costs of recruitment.Beside of Hazelwood there are other companies that invest in people in such as the National Bank of Kuwait they believe that investing in people will benefit them in future. Actually 1800 Kuwaitis has been trained in 2012 and it will always provide training and developments opportunities to abet their employees. Also ZAIN lodge provides programs of training such as ongoing coaching, sending employees outside to everlasting(a) their high education and induction. Last but not least TD Team provides training and developments for the employees in order to improved their skills, performance and knowledge.Question 4 Workforce greatest assets For all businesses workforces are the role assets In fact they are the people who achieve the company objectives. They should be lo oking after them starting from the managers, suppliers, employers, employee and all of them. Actually investing in people adds value to the organization especially for innovation companies such as Google because they desire on the experience of their human resources rather than nything else. The importance of workforces has different points of view. First the HRM function perspective which considers about managing people and carrying out their activities.Its responsible for ensuring that the people are in their right places with right skills by recruiting, selecting, exploitation and monitoring. HR believes that people performance affects the business performance so they provide training and development opportunities to maximize their performance. Also monitor the performance to ensure that they are on the right track and provides them with feedback. Moreover they provide reward systems to encourage them to achieve their targets and make sure that they are satisfied, motivated, ap preciated and loyal to their Jobs.Moreover, this will build the organizations reputation as a social, ethical and responsible organization in order to gain a competitive advantage. Second the accounting function which considers about the financial accepts of the business. To achieve the HR function activities, the business should be able to afford the costs associated with those activities. Here the workforces are important because they guarantee bringing money to the business. But before going a step the business should think of the investment returns and risks.As if sending an employee to take side of meat courses, how much of benefits this will bring in the future benefits. Moreover developing the skills of employees will raise the production levels as they have experience, finish the tasks on time and do it perfectly . So they will be able to develop or create new products or advanced technology. Also maintaining a positive reputation that will help them to raise money in the m arket and the financial advisors will advise the investors to invest in the business. Additionally, the company will gain a brand name which will decrease the costs of recruitment and advertising.