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Consider a continuous review inventory system. Demand is normally distributed with an average of 13,600 per month and a monthly standard deviation of 225 units. Lead time is one week (assume 4 weeks per month). If the firm desires a 97% CSL, how many units of safety stock should be held, and what re-order point) should be used? (Keep 3 decimals for the standard deviation, but round and to the nearest whole number.)
Which internal parties and external parties must procurement consult with when considering whether to produce a product in-house or outsource?
essay about the factors that influence a company's choice of inventory valuation method
Dale Emerson served as the chief financial officer for Reliant Electric Company, a distributor of electricity serving portions of Montana and North Dakota
a plan is set before all state universities to require classmates to meet either three or four days a week in order to
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Explain the relationship between quality and productivity under the lean philosophy and discuss why lean hard to implement in practice? How is choice between a level strategy and chase strategy influenced by the skill level of workforce and the degre..
How is Project Management important in Operations Management? How is using PM tools beneficial in a professional life? In project planning, why is it important for a team to have clear understanding of goals and scope?
Explain how Walmart has built its low-cost advantage in the supermarket industry and wh a low-cost provider strategy is well suited to the industry.
Assume you work for a family owned restaurant, WHAT ARE some of the typical strengths and weaknesses of a small family owned restaurant? What types of opportunities and threats would be present within each of the dimensions of the general environm..
You are a new member of the operations team of a midsize manufacturing company with 500 employees. The decision makers at your manufacturing plant are struggling to meet production performance levels. After evaluating the company's performance lev..
Explain the rationale for the total quality approach to doing business.
For a health care manager, it is important to develop good communication skills with employees, peers, and supervisors. Discuss the following in regard to this- Does good communication build trust in an organization
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