Logistics and operation managment Essay Example | Topics and Well Written Essays - 4000 words

Logistics and operation managment - Essay Example In this context, it must be mentioned that some of the most important activities of operations and logistics management in the present day scenario includes inventory management, capacity management, and delivery and scheduling among others (Harrison & et. al., 2014). All these factors and their efficacy determine success or failure for the overall operations and logistics management of any business unit (Mahadevan, 2010). Operation management is one of the most vital processes that are involved within the operations of any particular business. It include managing the overall operations of the business in a most efficient manner with due adherence to the goals and objectives of a business. In order to have a practical understanding of this particular aspect, a study of capacity and inventory management along with forecasting and scheduling has been conducted as part of a production simulation exercise. A team of few members conducted the exercise. The name of the team was Legendary. In order to determine the effectiveness of the teamwork, it will be vital to discuss about the weaknesses and strengths of the methods and approaches used to complete the process of operations management based on a given scenario. The group i.e. legendary primarily targeted on using a simplistic scheduling approach in completing the entire process. In this regard, it has been seen that the team intended to reduce as well as control the cost of inventory. This particular approach is deemed to be quite vital for controlling the cost of the overall operation management project. This approach or strategy of inventory management has its own strengths and weaknesses. Following this approach, the team i.e. legendary has been able to control and reduce the cost of inventory management of the company provided within the given scenario. This was done with the help of proper and accurate scheduling of stocks

Who is responsible for an airline crash Should familes be compensated Research Paper

Who is responsible for an airline crash Should familes be compensated - Research Paper Example Air Crash Litigation. The Liability Environment in which the NTSB Operates. Web. Rand.org. Web. 01 April. 2014. . Annotation: The complexity of compensating victims has challenged legal practitioner and airline manufacturers as well as airline owners. This has resulted to the establishment of an independent body; the NTSB to investigate the causes of air plane crashes to ensure that there is fairness in arbitration and litigation of whom should compensate survivors and victim families. The NTSB is an important body because it carries out investigation into the causes of airline accident so as to lay claims on the right party. Response: The article ensures help us understand the parties involved in the process of litigation and also ensures that all parties understands their role in circumstances of an air crash. This helps prevent lawyers and insurance companies to swindle out or take advantage of the ignorance or lack of knowledge regarding compensations. Allen, Peter. Revealed: Pilot of Air France jet that crashed in Atlantic Ocean killing 228 people had just ONE HOUR sleep before the flight. Web. Dailymail.co.uk. 15 Mar. 2013. Web. 02 April. 2014. . Annotation: Allen reported that the Air France jet crashed in the Atlantic Ocean after the Pilot left the co-pilot to take charge of the Plane. The pilot had excused himself because he had had only an hour of sleep before taking the flight. This demonstrates the high level of negligence that is exposed to innocent lives while travelling to and from their destinations. The article helps us understand one of the causes of plane crash. Pilot negligence and mistakes has claimed the life of many passengers and this is