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A bank has recently taken over the billing function of company. An agreement stipulates that the bank should process 99.2% of the bills within 4 hours. A study of the current process indicates that the processing time averages 2.2 hours per bill with a standard deviation of .8 A process improvement team has suggested a change. Experiments indicate that the change will lower the average processing time to 2 hours but raise the standard deviation to 1.2. Should this change be implemented? Why?
Knowledge of selling is truly developed through experience. The typical salesperson only goes through about two weeks of sales training during his or her entire selling career
Would you rate them low, medium, or high with respect to profitability? · Would you rate them low, medium, or high with respect to risk? · What is your recommendation to management? Why?
Southern Markets, Inc., is considering the use of ABC analysis to focus on the most critical SKUs in its inventory. Presently, there are approximately 20,000 different SKUs with a total dollar usage of $10,000,000 per year.
your pay policy is to match the market at the middle of the plan year. what is the market based salary increase budget recommendation?
Identify two helpful techniques that were not presented in this chapter for each point mentioned above. Discuss whether the tools found can be a positive or negative to the planning. Be sure to explain and or defend your answer.
What is the difference between leading and managing a project?
What recommendations might you give to a team that is facing a major organizational change? How does change management link to meeting strategic goals?
In the past few years, the traffic problems in Lynn McKell's hometown have gotten worse. Now, Broad Street is congested about half the time. The normal travel time to work for Lynn is only 15 minutes when Broad Street is used and there is no congesti..
Formulate and solve, by hand, using the Simplex method the above as a Linear Programming problem in order to maximise profit for the restaurant.
How many machines should the company buy initially? What is the expected payoff for this alternative?
I-mart is a discount optical shop that can fi ll most prescription orders in around 1 hour. The management is analyzing the processes at the store. There currently is one person assigned to each task below.
According to the Project Management Body of Knowledge (PMBOK), explain one of the major knowledge areas and why it is important to project management. Evaluate the role of this knowledge area in management of a project.
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