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1. Describe Theory of Constraints (TOC) (Chapter 7 & The Goal). What is a constraint? Why is it important to find constraints? What does TOC say you should do with inventory? Give an example of a company that does or could use TOC.
2. Describe Lean Systems (Chapters 8). What is considered waste? What does Lean have to say about inventory and quality?
3. Continuing with the concepts from question #1, explain how TOC and Lean can be used in service organizations (or are they mainly systems used in manufacturing settings). Also, can these two systems be used simultaneously or are they mutually exclusive?
4. Explain a push system versus a pull system. What types of organizations tend to use each type of system? Would you describe Theory of Constraints as a push or a pull system? Explain.
How will you define competitive advantage. Discuss with a suitable example from industry.
Which system do you recommend they install?
What insights do these features provide about the behavior of humans in organizations and how does each of these concepts influence human behavior?
How can a manager know when conflict is functional? How can conflict be managed to ensure that it remains functional? Do managers have a responsibility to ensure that conflict is functional or to eliminate dysfunctional conflict?
Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots.
Name five examples of marketing decisions that may require policies. Briefly describe one such policy.
What are the inventory reorder points and the quantities per order. What problems exist in the current operational strategy
Illustrate what percentage of parts will not meet the weight specifications. Within illustrate what values will 95.44 percent pf sample means of the process fall, if samples of n=16 are taken also the process is in control.
Define strategy and examine how the definition of strategy fits your chosen company and its situation. Support your response.
Past experience indicates that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 35% in the month following the sale, and 3% in the second month following the sale. The other 2% ..
the dulac box plant produces wooden packaging boxes to be used in the local seafood industry. current operations allow
Explain what is meant by the Transition Guidance (from 1994 to 2008 standards) .
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