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Your company has figured out a way to reduce its inventory inventory (raw materials) by 50 percent without affecting quality or the production schedule. Your supplier is reliable so no delivery issues are expected. Your contract calls for you to pay the same price as you did when placing larger orders. Describe all the impacts of this reduction; including, but not limited to, financial impacts.
You are reducing the amount of raw material inventory you hold at a time, NOT the amount of raw material inventory used.
1. If Chandpur Enterprises Limited (CEL) were making only one batch, what is the best batch you could make? What is the profit associated with this batch?
For the data below, perform a simple moving average forecase of period n=2. Calculate the three performance measures: bias, MAD, and MSE.
Discuss the legality of the hacker's actions as described in the "Hacking into Harvard" article. Explain how investigators may go about collecting evidence if a crime was thought to be committed.
List the source-make-deliver-relationships in the following systems
What is the relationship between the company's values and strategy? Provide real world examples. Additional research is necessary by using scholarly publications.
Summarize a significant insight that you gained from media segments regarding challenges or objectives of operations management. Make a note of insights that you gain from media segments on the role of operations management within health care organi..
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why is operations management relevant to managers in other organization functions?
synthesis of the information evaluating the ability of the organization to implement the strategy using Kouzes and Posner's Five Practices
a car manufacturer tests the first 1000 cars coming off the assembly line to see if their new anti-lock braking system
Suggest the most significant challenge that entrepreneurs may encounter when growing a business. Recommend one (1) strategy that entrepreneurs could use either to manage or minimize the suggested challenge. Provide support for your recommendation.
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