Quantitative analysis for managers

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Reference no: EM132205182

1. Quantitative Analysis for Managers (Probability and Probability Distributions)

What is the main purpose in understanding probability as it relates to the business environment?

2. Why must a contract have reasonably definite terms and how definite must the terms be?

3. Production has fallen behind demand. Your job is to find out why. Where do you begin? What options do you have in implementing changes that may be necessary? How can information technology be incorporated to streamline strategies in procurement and planning? Explain.? (Book being used is Supply Chain Managment: A Logistic Perspective 10th ed by Coyle, Langley, Novack, and Gibson)

Reference no: EM132205182

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