Control perspective to minimize both types of errors

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Reference no: EM132182941

1. PM was also challenged by the increasing freight costs and MPs inability to handle the volume and diversity of the freight bills they were required to audit and process and for which they needed to provide data capture, retrieval and reporting.

True or False

2. PM decided to form a strategic partnership with Transportation Insight (TI), who performed an enterprise-wide analysis PM’s transportation operations and freight spend. The analysis identified opportunities for substantial cost reductions, such as:

Carrier rate reductions ($855,000)

Routing optimization process ($150,000)

Overcharge ($174,000)

All the above

3. If both type one and two errors are expensive, what would you do from a control perspective to minimize both types of errors?

4. If the specifications for a shaft were 30 mm +/- .003 mm and it is 4 sigma process, what is the SD and Cp index of the process? Is this a good process?

5. "Ethics has no place in business" Discuss this statement.

Reference no: EM132182941

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