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Pages 10 (2510 words)
Running Head: Operations Management Operations Management [Writer’s Name] [Institute’s Name] Table of Contents Table of Contents 2 Background Information 4 Problem Description 5 Operations Management Concepts/Tools that can be Applied 6 Application of OM Concepts/Tools 8 Analysis of Expected Results 10 Conclusion 11 References 12 Executive Summary Operations management is one of the significant areas that are of great importance for any organization as the production and manufacturing of goods and services of the company is the prime objective of this sector.
The highlighting issue of EDC illustrates the information that the manufacturing plant units did not come under relocation to other locations such as in Asian countries as this market was becoming the leader in the manufacturing industry especially due to its cheap labor. Because of a domestic strategy allied to the production of the bicycles, all the business processes of EDC remained to one location only. As an outcome of this decision, they came across several issues associated to the facility location; centroid methodology was the finest solution if adopted by EDC would resolve the concerned issue. This tool proves to be fruitful for the organization as it has numerous benefits that can aid the company. The expected results of this method will lead them to reduced costs in their production due to cheap labor, having the prospect to penetrate into new market segmentation, competitive advantage over others as being present into a global marketplace. ...
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