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Discussion Questions for Forecasting Revenue (Customer Demand)Pick a coffee shop where customers order at the counter works well for this activity, but small restrauants, auto parts stores, hair salons, and many other businesses also work for this discussion. I was going to pick Starbucks but got behind that is why posting .ObserveObserve a business serving customers for 15 minutes or 20 minutes.During this time count the customers served and the approximate dollar amount of each customer's order.Calculate and estimate revenue1. Estimate an AVERAGE amount per customer order.2. Then estimate the revenue for this hour. IE 15 minutes multiply by 4, 20 minutes multiply by 3 for the revenue per hour.3. Then using the hours of operation, estimate the number of customers and the revenue per day.4. Then using the days of operation in the week, estimate the number of customers and the revenue per week, per month and per year.Instructions:1. Share this experience in a paragraph in the discussion area.2. Write a second paragraph about the assumptions you needed to make for this assignment AND how this would be different if you needed to order the items needed to serve the customers for this week.
The annual demand for a product is 16,000 units. The weekly demand is 308 units with a standard deviation of 80 units. The cost to place an order is $30.50, and the time from ordering to receipt is six weeks.
The reorder point is defined as the lead time demand for an item. In cases of long lead times, the lead time demand and thus the reorder point may exceed the economic order quantity.
According to Porter, strategy is about trade-offs and choices. Select an example of your choice and elaborate on this statement. Do you agree or disagree? Use your example to support your position.
Explain how might principle of scientific management be useful to springs industries. Explain how about the quantitative approach.
Trucking company A says it will only charge 70 cents per ton per mile per widget to load on to a truck that holds 57,000 pounds. (Remember, it takes a lot of labor to load each truck!). What is the total cost of moving the current order of 20,250 wid..
Identify the IP rights that are owned by an organization you currently or formerly have worked at.
You must prepare a formal 10-12 page research paper on a topic of your choice related to a major air cargo operator or hub
A team works for 300 days/year and management wants each team to have a capacity cushion 30 days per year. How many teams have to be deployed by the company to complete the project in one year.
Which functional area of the five explained in the reading does your department best fit into? Explain the functional area's mission and goals. If the functional area is not IT Systems, describe how IT Systems supports the functional area.
The munchies cereal makes a cereal from several ingredients. Two of the ingredients, oats and rice provide A & B. Formulate a linear programming model. Solve this model using a grid line
What is an affirmative defense and how does it differ from a negative defense? Why are they so important when drafting the Answer to a Complaint?
Collect a small representative sample of secondary data related to career aspirations. Fifteen is the recommended sample size. The data can be collected from observations, surveys, or historical records.
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