Main assignment: This assignment assesses your knowledge about operations management (OM) and its implementation. Choose a...

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Main assignment: This assignment assesses your knowledge about operations management (OM) and its implementation. Choose a new product/service to introduce into the market. It is important to mention that this is not a historical analysis of an existing product/company. Also, there should be a level of innovation. The objective is to develop a comprehensive OM management plan covering the following topics in the context of your new product/service: 1. Define the operational performance objectives your firm wants to compete with: There must be consistency between your operational performance objectives and your OM plan. Also, how do you plan to measure them? 2. Product/service design: Describe the different stages associated with your (new) product design. 3. Process strategy and layout design: What (manufacturing) process strategy and layout options are more relevant for your product/service and why? Propose a process layout including important indicators such as cycle time and number of stages (show briefly how the indicators were obtained). Draw your layout. 4. Capacity and planning: How will you measure capacity, and what capacity strategy is more appropriate and why? 5. Inventory management: What inventory management strategy is more appropriate and why? 6. Quality management: What is your quality management strategy? 7. Supply chain management (SCM): What is an appropriate SCM strategy and why? 8. Sustainable operations: What operational strategy can you implement that contributes directly to sustainable outcomes and how would you measure it? Explain each of the topics above and describe how these can be implemented for your product/service. For this, a literature review is required, including academic material to provide justification to why each topic is relevant for your product. For further information on the assessment criteria, please refer to the Rubric for Assignment 3 in Canvas. Report guidelines: - Use Times New Roman 12-point font and 1.5-line spacing - Use the MS Word default margin (Normal) - Expected structure and contents are: Title page Table of contents Introduction-description of the product selected, justification of selection, and how OM can contribute to its success. OM plan including all relevant topic and literature review (8 topics above) Conclusion References Appendices - *Please, use headlines to separate sections Main assignment: This assignment assesses your knowledge about operations management (OM) and its implementation. Choose a new product/service to introduce into the market. It is important to mention that this is not a historical analysis of an existing product/company. Also, there should be a level of innovation. The objective is to develop a comprehensive OM management plan covering the following topics in the context of your new product/service: 1. Define the operational performance objectives your firm wants to compete with: There must be consistency between your operational performance objectives and your OM plan. Also, how do you plan to measure them? 2. Product/service design: Describe the different stages associated with your (new) product design. 3. Process strategy and layout design: What (manufacturing) process strategy and layout options are more relevant for your product/service and why? Propose a process layout including important indicators such as cycle time and number of stages (show briefly how the indicators were obtained). Draw your layout. 4. Capacity and planning: How will you measure capacity, and what capacity strategy is more appropriate and why? 5. Inventory management: What inventory management strategy is more appropriate and why? 6. Quality management: What is your quality management strategy? 7. Supply chain management (SCM): What is an appropriate SCM strategy and why? 8. Sustainable operations: What operational strategy can you implement that contributes directly to sustainable outcomes and how would you measure it? Explain each of the topics above and describe how these can be implemented for your product/service. For this, a literature review is required, including academic material to provide justification to why each topic is relevant for your product. For further information on the assessment criteria, please refer to the Rubric for Assignment 3 in Canvas. Report guidelines: - Use Times New Roman 12-point font and 1.5-line spacing - Use the MS Word default margin (Normal) - Expected structure and contents are: Title page Table of contents Introduction-description of the product selected, justification of selection, and how OM can contribute to its success. OM plan including all relevant topic and literature review (8 topics above) Conclusion References Appendices - *Please, use headlines to separate sections