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Given the following historical data on two alternative suppliers of a critical material your company requires, which of the two suppliers (supplier 1 or supplier 2) will minimize your required safety stock? Show and describe your analysis!
Base your analysis on the supplied data and assume "all else is equal" between the two suppliers. In other words, cost per unit, quality, TCO, etc. do not need to be considered. Do not concern yourself with any other issues or data other than that which is given below.For any given period, your company's goal is to have required materials available in inventory 99.9% of the time.
Your mean requirement (demand) per day: 700 units.
Standard deviation of your daily requirement: 65 units.
Supplier 1
Mean lead-time: 7 days
Standard deviation of lead-time: 1 day
Supplier 2
Mean lead-time: 5 days
Standard deviation of lead-time: 2 days
Other managers in your company may be planning a major new product offering, or an international operational expansion. One role of the financial manager is to provide forecasts for a new business plan. How would you approach this role?
Additionally, Varga will be able to reduce labor costs in its accounting department by $250,000. Varga can earn 8 percent (pretax) on its investments. Show computations which would indicate whether or not Varga should accept Second City Bank's prop..
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What combination and amounts of food items
Please give explanation of answer. A goodtechnique for the team leader to utilize when one member is dominating the discussion might be to
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Explain how internal and external factors affect the four functions of management of the company Google.
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