Operations and Digital Business Assignment Help

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5BDIN001W Operations and Digital Business - Portfolio Assignment

Assessment title - Operations & Supply chain Management in Manufacturing and Digital Economy

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Learning outcomes -

LO1. Understand and justify how organizations secure and deploy their resources both in a traditional and digital environment according to their capability and capacity.

Answer: Organizations secure and deploy resources in both traditional and digital environments based on their capability and capacity. In traditional settings, physical security measures such as locks, alarms, and access controls are essential. Additionally, organizations implement policies and procedures to safeguard sensitive information and assets. In the digital realm, robust cybersecurity measures, including firewalls, encryption, and regular software updates, are crucial to protect against cyber threats. The deployment of resources aligns with an organization's strategic goals and operational needs. Traditional methods often involve physical distribution and allocation of resources, while digital environments enable remote access and virtual deployment. Ultimately, the choice of security and deployment strategies depends on the organization's specific requirements, risk tolerance, and available resources.

LO2. Understand and evaluate and use business data analysis to provide a range of solutions for a business problem.

Answer: Business data analysis is a powerful tool for understanding and evaluating business problems and developing effective solutions. By collecting, cleaning, and analyzing data from various sources, businesses can gain valuable insights into customer behavior, market trends, operational efficiency, and financial performance. These insights can be used to identify opportunities, address challenges, and make data-driven decisions that improve overall business outcomes. For example, a retail business might use data analysis to understand customer preferences and tailor its product offerings and marketing campaigns accordingly. A manufacturing company could analyze production data to identify bottlenecks and optimize its processes. By leveraging data analysis, businesses can gain a competitive advantage, reduce costs, and enhance customer satisfaction.

LO3. Use all appropriate information and internet-based technologies available effectively within a professional context.

Answer: Effective use of information and internet-based technologies within a professional context requires a combination of technical skills and critical thinking. Professionals must be able to identify relevant information sources, evaluate their credibility, and apply them appropriately to their work. This includes using search engines effectively, navigating online databases, and utilizing software tools to analyze and present data. Additionally, professionals should be aware of ethical considerations and privacy regulations when handling digital information. By harnessing the power of internet-based technologies, professionals can enhance their productivity, make informed decisions, and stay competitive in today's digital age.

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LO4. Understand how organisations use technologies to communicate effectively with stakeholders.

Answer: Organizations leverage a variety of technologies to communicate effectively with stakeholders. These technologies include email, social media platforms, websites, video conferencing, and messaging apps. By utilizing these tools, organizations can disseminate information quickly and efficiently, foster relationships with stakeholders, and gather feedback. For example, a company might use social media to engage with customers and address their concerns, or a non-profit organization might use email to keep donors updated on its activities. The choice of technology depends on the target audience, the message to be conveyed, and the desired outcome.

LO5. Analyse a business situation and provide a number of possible suitable solutions.

Answer: Analyzing a business situation involves identifying the key issues, gathering relevant data, and evaluating potential solutions. By breaking down a complex problem into smaller components and considering various perspectives, businesses can develop a comprehensive understanding of the situation. Once the problem is clearly defined, a range of potential solutions can be explored, considering factors such as feasibility, cost-effectiveness, and potential risks. By carefully analyzing the situation and evaluating different options, businesses can make informed decisions and implement strategies that address their challenges and drive positive outcomes.

LO6. Communicate effectively in an appropriate medium and style with regard to audience and desired emotional effect.

Answer: Effective communication requires tailoring the message to the audience and the desired emotional response. This involves selecting the appropriate medium, such as written, oral, or visual, and adjusting the style and tone accordingly. For example, a formal presentation to a large audience might require a more structured and polished approach, while a casual email to a colleague could be more informal and conversational. By understanding the audience's needs, preferences, and emotional state, communicators can craft messages that are both informative and engaging, achieving the desired impact.

Report Brief - The portfolio assessment will examine the body of knowledge derived from a range of learning outcomes covered in the module and allows students to undertake research and investigations and make conclusions on business cases.

Portfolio contents include 3 ITEMS WHICH ARE:

(I) a simulation game score relating to an operation's business performance for Module 1 and Module 2;

(II) 500 written words considering the fundamentals of operations management in an applied context drawn from module 1 of the game;

(III) and a further 500 written words considering a specific applied operational practice as related to a set of critical questions drawn from module 2 of the game.

Note that the result of the game will not be used to determine your mark for Assessment 1; it is pertinent though that the outcome is used to show that you have learned theoretical and practical perspectives of operations management from the simulation experience.

The Portfolio Assessment should include the topic areas covered in the first 4 weeks of the semester showing your knowledge and understanding of:

i. The current functional purpose of operations management

ii. Supply chain management.

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Part A - Simulation Game Score Report

In Part A you must provide three screenshots from the simulation game.

i. One screenshot with a report of your attempts (3 attempts per module)

ii. One Screenshot with the financial history for module 1

iii. One Screenshot with the financial history for module 2 (PowerPoint slides on Blackboard for more details)

Part B - Written reflection on operational business decisions made within the game

In part B you must present your work in three subsections which are as follows:

i. Introduction - Operations management in the manufacturing context and how it can make a business sustainably profitable

ii. Operations in practice -Applied theories of operations management in the context of the textile factory that boost customer satisfaction and optimise performance

iii. Operations performance - The impact of operational decisions in the manufacturing context

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Part C - Undertaking supply chain management responsibilities

In Part C you must present your responses to the tasks and questions based on the context of the factory environment within the game in two subsections which are as follows:

i. Supplier selection process - In the simulation game you are required to select suppliers from whom you will order the raw materials required for the manufacturing process; identify the major concepts of supply chain management and discuss the way the supplier selection is done to enhance the efficiency of the firm. Provide applied examples of the supplier selection within the simulated environment. Explain how sustainable business strategy is important when considered individually as well as part of an operational strategic rationale.

ii. Delivery of finished goods to your customers - Explain the process of managing the fulfilment of the contract and the implications of 'inspecting quality'. Critically consider how you address possible disruptions in the normal flow of goods and materials and how you can potentially prevent it or minimize its impact.

You need to demonstrate understanding of how organizations effectively manage the range of operational functions and e-business in an evolving business context, as well ability to reflect on operations principles while making informed suggestions using theories and applied practices with the support of academic sources.

The report must include evaluation and reflection on the practical application of operations management theories and principles with reference to the simulation game (modules 1&2) and supported by findings from academic and practitioner literature. You must use reputable and recognised sources to conduct your research and avoid using obscure websites.

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Note - The length of the report is 1000 words  The limit excludes game score result reports, game support statement, title page, table of contents, diagrams, tables, figures, reference list and appendices.

The report should have a suitable structure and may follow the recommended structure:

1. Title Page (state the title and the word count)

2. Disability Statement (if applicable)

3. Table of Contents(list of sections, tables, figures and appendix items if needed)

4. Part A - Simulation Game Score Report

5. Part B - Written reflection on operational business decisions made within the game

6. Part C - Undertaking supply chain management responsibilities

7. Conclusions

8. References

9. Appendices.

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Operations management and digital business are two increasingly important fields of study for businesses of all sizes. Operations management focuses on the efficient and effective production and delivery of goods and services, while digital business refers to the use of digital technologies to transform business operations and create new value for customers.

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