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Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2000 units of X which costs $25 each. Storage cost amounts to $5 per unity of average inventory. Every time an order is placed for more item X, it costs $10.
a. Whenever item X is ordered, what should be the order size?b. What is the annual ordering cost?c. What is the annual storing cost?
What is the role that norms and culture play in a change program? Define all and explain. Identify all forces that increase the inclination of the client system to accept the proposed changes.
Every day that a patient is hospitalized, they receive a set of pre-packaged supplies first thing in the morning or upon check-in. Regardless of use or not, the supply set is disposed and replaced the next day.
In a situation where the employee contingency of skill and experience is low, according to path-goal theory the best leadership style would be
Illustrate what are three major business functions, also elucidate how are they related to one another.
Illustrate what is the possible daily output of this "process" if 8 hours of processing time is available each day. Given your output in part a, illustrate what is the efficiency of the process.
Do you think the attitudes and bargaining behaviors of the participants in collective bargaining negotiations are more or less important in the final outcome than economic conditions and factors
What things must we keep in mind when writing an email versus speaking with someone face-to-face
What activities would be included in the value added time of fast food hamburger preparation and delivery? Why are these part of the Value Added Time?
The production department of the newspaper has embarked on a quality improvement effort and has chosen as its first project an issue that relates to the blackness of the newspaper print.
Differentiate between leadership and management and tell when each is appropriate in an organization. Discuss how use of each could reduce employee performance.
Orders arrive three days from the time they are placed. Daily holding prices are equal to five percent of the price of the beer. If he were to order 16 cases of Stein beer at a time, illustrate what would be the length of an order cycle.
What are the characteristics of a self-organizing system? How can self-organize principles be utilized to interface with a marketplace? What are the benefits of doing so?
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