Felix Fabulous – CEO, Grandiose Motors – that have arisen largely from the area of operations management. Analysis of the case study has revealed that the major concerns of the company are the functions associated with…
rt has successfully come up with suggestions as to how Grandiose must streamline its operations in order to minimise the requirement of disposable funds and at the time optimise the available space. Tenets of inventory management have been cited throughout the report in order to reinforce the recommendations. It has been suggested that Grandiose should undertake an extensive consumer research in order to envision the demands that it may face in the near future and hence plan its inventory accordingly. Simultaneously, it should also create long lasting associations with the automobile manufacturers and make use of the fact that manufacturers are enhancing their participation in supply chain relationships with dealers and customers.
Grandiose Motors have turned a new leaf in its corporate history by becoming an auto supermarket wherein it will sell multiple brands of automobiles at the same location. The new dealership will be selling a line of Nissans, Toyotas and Volkswagens – premium cars that have been luring customers for years. However, it has been observed that the company is strained by woes pertaining mostly to operational constraints such as deployable funds, space and seasonality of purchase items. Based on a case study that describes the operations management at Grandiose, this report will aim at recommending to its CEO, Mr. Felix Fabulous the structural aspects that will help in bettering the purchasing as well as inventory functions in the context of the company’s dealership network. The report will also make attempts to outline the differences that may arise between policies and procedures pertaining to purchasing as well as inventory management. This area is found to be vital because automobile dealers characteristically purchase different types of materials and service parts. Finally, the report will try to throw light upon the areas of inventory management and supply chain management to evaluate how these may reduce the investment as well as ...
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This paper is being carried out to demonstrate the process of Operations Management (OM) itself with reference to the various development stages of a business in any market. The field of OM concerns effective management of operations of a firm at three different levels: day-to-day, process improvement and strategic change within business operations.
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