Using Teams in Production and Operations Management

Using Teams in Production and Operations Management Introduction Coca Cola Company is a global multinational with operations in many countries. The company is a manufacturer and retailer of various beverages and non-alcoholic drinks. All withstanding, the company is well known for its flagship brand Coca Cola although it has more than 500 brands.Advertising We will write a custom assessment sample on Using Teams in Production and Operations Management specifically for you for only $16.05 $11/page Learn More As far as a wider global presence is concerned, the company has 500 brands in more than 200 countries (Coca Cola, 2011, p. 4). This therefore underlines its desire to conquer more markets around the world because it has been coming up with new products and brands that can suit different market interests. As far as its business is concerned, the company operates a franchise system that has proved to be successful in the markets that it has a presence. In this case, it only produces syrup that is sold to dif ferent bottlers that have exclusive rights throughout the world. When it comes to financials, Coca Cola Company is listed on the New York stock exchange market and is part of other indexes. As of 2010, the company recorded revenues of US$ 35.119 billion (Coca Cola, 2011, p.12). The company’s operating income in the last financial year was US$ 8.449 billion while its net income was recorded at US$ 11.809 billion (Coca Cola, 2011, p. 15). As far as its asset portfolio is concerned, Coca Cola Company is valued at US$ 72.921 billion. Based on the fact that the company operates in many countries around the world, it employs 139,600 people (Coca Cola, 2011, p. 9). To enhance its operations, it has other subsidiaries that have enabled it to diversity thereby serving its customers and market well. When assessed from a market share point of view, Coca Cola Company has a market share of around 50% while its share in the US has increased to almost 42%. This means that the company is sti ll a major player in the global beverage industry. To continue establishing itself as a force to reckon with in the market, it has introduced new products to suit individual markets because of different global diversity issues. The company’s production or operations management Coca Cola Company has embraced the best production and operation management practices and that is why it has continued to be successful as time goes by. It is not a mean task to have operations in more than 200 countries and coordinate them effectively which shows that the company is doing well as far as operations and production management are concerned.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As far as production is concerned, the company operates a franchise system that it has relied on to reach its wide market. This means that the system needs effective management in relation to overa ll brand strategy (Tucker, 2009, p. 23). The company has built a good strategy on concentrate production that it sells to different bottlers for production of beverages. This is not an easy task because the concentrate syrup is supposed to be supplied to more than 200 countries that it has a presence. All this withstanding, the company’s franchise model has come under pressure because of intensifying competition that has been necessitated by health conscious customers who want health oriented drinks. To be successful as far as operations and production management are concerned, the company has occasionally rejuvenated its core product line for long term sustainability. In this case, to expand its operations in new markets, it has relied on key acquisitions mostly in the non-carbonated drinks sector. This has been made with an aim of expanding its presence in the growing market. As a matter of fact, this has been coordinated by a strong and dedicated team for efficiency and su ccess. Business management that is oriented towards operations management is the strategy that the company has used to grow and expand its market in recent years. This means that it has increased its cooperation with key partners’ to streamline its operations. The company prides itself in upholding the quality promise that has enhanced customer loyalty all along from diverse and distinct customers (Coca Cola, 2011, p. 11). All this can be well explained from its concentrate production, bottling and product delivery that is unique in the market. Production management is evaluated through software that minimizes production downtime that can be costly to a global company like Coca Cola. This has therefore enabled the company to serve its market on a global scale without any problem which can be tiresome without such measures.Advertising We will write a custom assessment sample on Using Teams in Production and Operations Management specifically for you for only $16.05 $ 11/page Learn More The company’s approach to pricing has been very good because it has enabled its partners and bottlers to continue being committed to its true business ethics and values. Sustainability has been embraced with a long term objective of ensuring that the company’s production activities are not affected in any way thereby disrupting market activities. In this case, the company is always flexible as far as its business model is concerned which enhances operations management because managers are able to come up with alternatives that will enhance productivity. All this withstanding, Coca Colas production and distribution system has been unique in the market thereby enabling it to realize different opportunities on a global scale. It should be understood that as much as issues might arise as far as the company’s operations and production management is concerned, it has been successful on a wider business scale (Plumb, 2009, p. 31). Coc a Cola’s use of teams in production and operations management Coca Cola’s use of teams in production and operations management has been reinforced by the fact that the company is the world’s largest producer and distributor of Coca Cola products. In this case, strategic management has been well managed by teams to ensure and enhance sustainability. Most of the company’s programs have been adjusted as time goes by to accommodate the changing business environment which has therefore enhanced the use of teams. Coca Cola uses teams effectively to reduce the impact of the changing business environment on the company’s operations management. Because it relies on a franchise system to do business, teams have been well coordinated to ensure that everything is running well and successfully. The use of work teams has mostly been embraced in production activities (Coca Cola, 2011, p. 15). This has been widely used in concentrate production because it is at th e core of the company’s success. In this case, the worldwide management team has ensured that local operations are organized in good and coordinated teams for enhanced production of Coca Cola products in different markets. For enhanced production, teams are embraced and given enough time to execute their ideas so long as they are in tandem with the company’s objectives and expectations in relation to set targets (Plumb, 2009, p. 62).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Proper production and operations management requires good teams for execution of strategies and this is what Coca Cola has capitalized on for success and long term sustainability. Management teams are competitively selected for each country to be in charge of operations thereby serving markets well. In this case, the company’s operations are divided into six operating units that are in charge of different markets (Coca Cola, 2011, p. 27). Most notably, these teams produce an attractive combination that has kept the company going as far as its operations are concerned. The use of teams has been capitalized on for individuals to make final and good decisions that will enhance productivity. Company’s ability to adjust Coca Cola is a global company and this means that it operates in a unique and competitive business environment. The recent global financial crisis posed a lot of challenges to the company based on the fact that it has operations in many countries around the world. The financial crisis affected incomes in a great way thereby compromising the company’s sales margins. In this case the company should be able to communicate effectively with its customers and employees on any changes that will be made to enhance sustainability. The company was not hurt by the global financial crisis in a broad way because it was able to adjust effectively through proper communication. It should be known that the company has the ability to adjust its approach to pricing which gives it an advantage to respond to emerging market needs and trends. This is because it only sells concentrate to its bottlers and not the finished product (Coca Cola, 2011, p. 35). The company’s ability to respond to any financial crisis is enhanced by its corporate social responsibility programs that have endeared it close to its customers. This means that customers have always stood with the company even in hard times. Employees are put at the heart of the companyâ€⠄¢s operations which means that they are always in contact with the top management which promotes communication thereby enhancing its ability to respond to different problems. This is because employees have felt that they are part of the company which implies that any problem will be shared together as a family. The company’s greatest strength is in its ability to respond to emerging market challenges which has been as a result of its experience in diverse and distinct markets (Coca Cola, 2011, p. 17). Creativity and problem solving skills have been instilled in employees to make them good ambassadors of the company’s products in different markets. This means that employees can be able to interact with different customers thereby informing them on the crisis without compromising products and services. Reference List Coca Cola. (2011). Our Company. Web. Tucker, S. (2009). Coca-Cola’s $2.4bn China deal at risk. Hong Kong: Financial Times. Plumb, T. (2009). Coca-Co la to unveil mini cans in D.C. New York: Harper Business.

How to Get SAT Scores, Step by Step

How to Get SAT Scores, Step by Step SAT / ACT Prep Online Guides and Tips You've just taken the SAT. Congratulations! Once you get some rest, you'll probably start to wonder when your scores will come out and how to access them on the College Board website. In this post, we tell you exactly what time of day scores appear and how to check your SAT scores online. NOTE: Have you been out of high school for more than a year and not taken the SAT in that time? Then you should read our article on how to get old SAT scores instead! When Do SAT Scores Come Out? SAT scores come outabout two to three weeks after you take the test.The exact timeline for score release depends on which test date you sign up for, so be sure to check out the full schedule ofSAT score release dates. If, when you registered for the test, you listed colleges for your scores to be sent to, those scores will be sent within 10 days of becoming available to you. Scores are usually released starting at 5 am ET (2 am PT),but it can take a little while for all the scores to appear online. Most SAT scores are up by 8 am ET (5 am PT) at the latest. (As a result, we don’t recommend staying up late and hitting refresh until your scores are available- get some sleep and check in the morning!) There is no way to see your SAT scores before the score release date. In fact, scoring the SAT is such a complex process, it’s pretty amazing you can get your scores in less than three weeks! After you take the SAT, try to relax and be patient for those few weeks until your scores come out. How Do I Check My SAT Scores? Once scores are up, how exactly do you view your SAT scores? Follow our step-by-step guide to learn how. First, go to the College Board website. Click the yellow box that says Get Your Scores(in the image below, scores for May are available; the month will vary depending on when you took the test). The other option is to go to the student scores website directly and sign into see your scores: With both methods, you'll need tolog in with the username and password you created when you registered for the SAT. After you sign in, you'll be able to view your test scores. Your most recent scores will be listed first: This is yourscore summary page.You will be able to see your composite scores for each section, as well as any scores from old test dates. (Readmore on how the SAT is scored.) To see your full score report, which includes your raw scores for each SAT section and your Essay score (if you did the optional Essay section), click onView Detailsin the yellow box: Your score report will include yournational percentiles, information about questions you answered correctly and incorrectly, and your subscores.Take some time to read through the report so you can understand what you did well and what (if anything) you need to improve. This will be a huge help if you decide to retake the SAT. Getting Your SAT Scores: Tips and Advice These days, SAT scores are released entirely online. This means that you will not receive an SAT score report in the mail unless you specifically request one at registration.You can also call the College Board to ask for your scores, but they charge a $15 fee for scores released by phone. On score release day, make sure you have your username and password ready to goso you can see your SAT scores straight away! Finally, the SAT is offered often enough that you shouldn't have to retake the test on the next date unless you're running into yourcollege application deadlines. Sodon’t stress about immediately signing up for the next SAT if you're unhappy with your score. Besides, if you decide you want to retake the SAT, you'll want to give yourself sufficient time to study. What’s Next? SAT scores still not listed even though it’s score release day? Find out why! Now that you have your SAT score, you might be wondering how good it is. Read our guide tofind out what constitutes a good (and an excellent!) SAT score. We also teach youhow to set a goal score based on the colleges you're applying to. You've got your scores, but should you retake the SAT? Use our three-step process to help you decide! Unhappy with your SAT scores? PrepScholar might be the program for you. We guarantee an improvement of 160 points on your current SAT score, or your money back. We have the industry's leading SAT prep program. Built by Harvard grads and SAT full scorers, the program learns your strengths and weaknesses through advanced statistics, then customizes your prep program to you so you get the most effective prep possible. Check out our 5-day free trial today: