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1.In your role as production planner, you have experienced too many stock outs on one particular item. This item has 308 pints of demand during the lead time and a standard deviation during the lead time of 10.8 pints.
Calculate the Safety Stock assuming a 5% risk level. (Keep two decimal places in your answer which should be a percentage) 2.Management has not been pleased with the number of stockouts for a particular item. This item has 550 pounds of demand during the lead time and a standard deviation during the lead time of 55 pounds.
Calculate the Safety Stock assuming a 4% risk level. (Keep two decimal places in your answer)
One of the potential problems mentioned inthis chapter with gathering information requirments by observing potential system usuers is that people may change their behavior when observed.
The buyer for Needless Markup, a famous “high-end” department store, must decide on the quantity of a high-priced woman’s handbag to procure in Italy for the following Christmas season. What are the underage cost and the overage cost? Which level of ..
Grocery Gateway Actions for Discussion 4: Grocery Gateway Think about the seemingly intractable transportation problems facing Grocery Gateway. Utilize the data provided in the case study, determine the benefits and possible additional costs that Gro..
Can poor performance relative to one specification always be compensated for by high performance on other specifications? If so, how can there ever really be a “marginally acceptable” value for a metric?
Developing Sales and Marketing Strategies at the Target Franchisee and Target Consumer Levels. On the first page of the chapter, the authors discuss how many franchisees still advertise their franchise through trade shows and special weekly editions ..
Think back to a project with which you have been involved. What monitoring tools have you used? Were they appropriate for the project? Explain your answer.
Describe each competitor by stating their size, goals, market share, product quality, marketing strategy, and positioning. Please include sources.
Marketing mix is the controllable set of activities that the firm uses to respond to the wants of its target markets. Describe what is meant by marketing mix. Describe and discuss the different elements of the marketing mix for a product of your choi..
List the steps of process improvement.
Evaluate and respond to the following perspective offered by a classmate from another course section: "It starts with a follower trusting the leader and taking ownership of their leader’s vision as if it were their own." How does this trust building ..
Suppose that the O&G Company has a petrochemical product that shows a constant annual demand rate of 3600 boxes. A box of the product costs O&G $3. Ordering costs are $20 per order and holding costs are 25% of the value of the inventory. O&G has 250 ..
Describe ethical considerations with regard to marketing to children. When the marketers pitch includes a cause component, such as a breakfast cereal that promises to provide breakfasts to undernourished school children, explain whether this is ethic..
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