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To ensure a service level of 98%, a pharmacy uses a continuous review system for its inventory of flu vaccines. The calculated reorder point is 20 on-hand flu vaccines.
Curiously, a recent new-hire at the pharmacy asks you "What is a 98% service level?"
As if doing so for someone not at all familiar with inventory management or operations management terminology-such as a recent new hire-explain the concept of "a 98% service level."
One way that manufacturers can reduce the price of a product is by decreasing the warehousing and transportation costs using the demand and inventory planning techniques discussed in Section 6.6 of the main text. This adds value to the customer. Ware..
What methods can be used to determine personality in the workplace (provide 3 examples i.e.’ big five) and provide an example of how EACH method can be used or related to within the workplace?
Review the discussion on the concept of service and leadership in four religious traditions. What similarities and differences do you see across the four religious traditions? How has this shaped your thinking about other religious traditions?
How would you effectively present the issue of potentially defective products to the CEO, other directors, and managers. How would you specifically notify customers of such an occurrence
Describe why or why not a pure service industry (e.g. accounting or law firms) may or may not be able to implement this type of technique.
What type of factors may influence future management decision-making in these two companies? What types of control criteria would you expect these companies to use in evaluating their operations and determining how well they are doing?
According to Steve Mariotti and Caroline Glackin (2013), an entrepreneur is a "person who assumes the risks of managing and organizing a business for the sake of potential rewards." Many of the products or services that people use today were creat..
Identify a workplace where you have been employed or a workplace you have observed in some capacity. Define organizational behavior (OB); then, discuss the aspects of the organization and the OB you observed in this workplace setting. Did the OB infl..
Maverick Backpacks makes backpacks. They have a monthly fixed cost level of $50,000 and marginal costs of $3.00 per backpack. They wholesale their backpacks for $10.00 each. Calculate the breakeven point. What is their profitability at the following ..
(a) Formulate an LP to maximise Dinoco's daily profit. You must list any assumption(s) you have made in your formulation. And, use Management Scientist to find the optimal solution.
Identify and describe Eastman Kodak's key stakeholders. What is their influence on strategy? Address Kodak's challenge in meeting the needs of shareholders versus stakeholders
Explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs. Explain how your ethical perspective has evolved.
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