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Operational Research and Management in Mcdonald's

University: Regent College London

  • Unit No: 12
  • Level: Undergraduate/College
  • Pages: 11 / Words 2786
  • Paper Type: Assignment
  • Course Code: MOM705
  • Downloads: 146
Question :

This assessment will cover certain questions which are like:

  1. Elaborate on the resource allocation plan for McDonald’s.
  2. What are the devising and general carry out of SRA in McDonald’s?
Answer :
Organization Selected : McDonald

INTRODUCTION

Operations Management refers to the complete planning, organizing as well as controlling of the operations of an organization. It is a highly essential aspect that enhances the performance and competence within the company to achieve its business objectives (Slack and Brandon-Jones, 2018). The report below is based on McDonald's and is an extension of Part One, which described the operational research and management of the organization. This report covers the determination of appropriate allocation of resources for operations management, along with strategic risk analysis of operations functions of the company.

TASK 3

P7. Preparation of a Resource Allocation Plan

Resource Allocation refers to the procedure which is adopted by an organization in relation to assigning the assets and resources of an organization in a way which help in achieving the operational requirements and strategic objectives of a company. All the tangible assets which are possessed by the firm are covered within this plan which help in a sequential and effective allocation of the right resources with the right activity.

In context with McDonald's, the company performs several operational activities, such as, Location Strategy, Layout Designing, Quality Management and Supply Chain Management. Hence, there are certain operational requirements of each and every activity which is needed to be addressed by the company (Slack, 2018). Hence, in this context, the resource allocation plan for the company is discussed below:

RESOURCES

REQUIREMENT

TASKS

STARTING DATE

DATE OF PROJECT END

Human Resources

Infrastructure

The very first operational requirement of the firm is related to its infrastructure, which would support its Location Strategy. Human Resources would accomplish this requirement through effectively searching prominent location fr the company through market research upon which McDonald's would be building its layout.

15th December, 2019

20th June, 2020

Financial Resources

Layout

The layout design would be requiring a prominent investment to ensure appropriate architectural development. Hence, these resources would appropriately be needed to be allocated for this requirement as it would help the company in developing layout and design as per customer preferences (Hoye and et. al., 2018).

22nd June, 2020

4th August, 2020

Artificial Intelligence Technology

Quality

Quality is one of the most important operational requirements of a company. hence, within the food manufacturing, delivering, packaging and customer service operations, McDonald's could use this resource quite appropriately in relation to use Artificial Technology effectively in context of ensuring perfection within certain operations of th

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