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Module assessment: As an Operations Management Consultant, LMMM has hired you to help determine how it can improve its operations management (improving forecasting accuracy,
Module assessment: As an Operations Management Consultant, LMMM has hired you to help determine how it can improve its operations management (improving forecasting accuracy, minimizing cost, better plan, etc.) by using its current resources in a cost-effective manner. You are required to undertake an individual research project and to prepare a Management Report 4000+ or - 10% words) based on the case study provided below: . Analyse the number of orders of the company and recommend a forecasting technique to use during the upcoming period and forecast 2022. " " " Assess the two alternatives (outsourcing vs insourcing) and determine the appropriate decision after the next coming two years. Assess the proposed improvement initiative using the actual demand of 2021. Review and assess the quality of mobile phones (defective devices) undertaken by LMMM . Review and assess the inventory decisions facing LMMM Prepare an aggregate plan for the first 6 months of 2022 based on the given forecasted demand. The key aspects that need to be covered within the report are: " Critically evaluate the key Operations Management issues faced by LMMM. You must critically discuss each of these issues showing clearly, why it is actually a problem, how you see an opportunity for improving LMMM operations in that issue, and preferably you can also provide evidence from literature that these issues are common/not common in similar business contexts and how improvements are usually attainable. . For each issue identified, critically analyse each issue using the most appropriate topics, techniques, methods, models and tools available that you would have possibly identified within the lectures and textbooks recommended in the first lecture (you can even use other operations management topics in these books that you might find relevant). You must clearly show why you selected any of these topics in the first place and in light of the case study, provide a detailed justification for the techniques, methods... etc. that you have chosen. Based on what you presented in the previous points, you are required to critically evaluate and analyse different alternatives pertinent to each issue identified. Use appropriate illustrations, charts, and tables when needed. " . Reflect your findings in the light of how LMMM are currently handling their operations and in light of their expected development.
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