7036SSL - Analytics of Key Operations Areas, Analytic Methodologies In Operations Management And Logistics, SIPOC Format - Management Assignment Help

Assignment Task

This assignment is designed to assess learning outcomes: 
LO1: Demonstrate a critical understanding of the use of analytic methodologies in Operations Management and Logistics, with a particular emphasis on the Forecasting function. 
LO2: Demonstrate a comprehensive understanding and application of the methods, tools, and techniques of analytics modeling and simulation used to solve real business problems. 
LO3: Critically apply various analytical methodologies and techniques to solve.

Critically Discuss The Tole of ONE of The Following key Areas of Operations Analytics:
• Demand planning and forecasting
• Processes using four Vs format and SIPOC format and mapping symbols
• Inventory – EOQ calculations and ABC analysis

Overview. An overview of the organization and the scope of that operational area. For example, if you choose, “demand planning and forecasting”, discuss to what extent the operations of the organization are shaped and influenced by this function, and its contribution to organizational performance. 

2. The planning environment and the key variables. Use an appropriate framework or methodology to identify and discuss the key decisions, which need to be made in this operational area and the important variables to be considered. 

For example, if you choose, “demand planning and forecasting” you can make use of the PHIVE framework to guide your thinking and identify the key decisions which forecasting supports. If you choose inventory, you may consider the discussion of the inventory management system adopted e.g. periodic or perpetual inventory, and the key elements of the system, e.g. nature of demand, planning period, lead-time, order size, and costs. 

3. The organization’s analytic capabilities in this operational area. An analysis of the operation’s process, and the key analytical tools and resources, which support this process. You should include at least one own illustration e.g. process map or applied inventory control model diagram. 
For example, if you choose Inventory, then you can discuss the inventory management process and analytics capabilities of the organization in this regard e.g. do they use ABC analysis or what is the scope of the inventory forecasting. 
 

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