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Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tornadoes, flooding, and earthquakes, Phillip believes that the probability in any year of a "super-event" that might shut down all suppliers at the same time at least 2 weeks is 2%. Such a total shutdown would cost the company approximately $520,000. He estimates the "unique-event" risk for any of the suppliers to be 5%. Assuming that the marginal cost of managing an additional supplier is $16,000 per year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available.
Provide examples of how firms utilize their supply chain - this can include the ‘Just in Time’ theory. An example – Walmart has great inventory control when an item is purchased a reference is sent to the warehouse to restock
Would you rather work at an informal or formal organization? Explain why you find the characteristics of one more appealing than the other. Provide personal examples of how the informal organization differs from the formal organization in the areas o..
Everyone has a national origin, an ancestry, and a citizenship. What is the difference? Are the national origin guidelines issued by the EEOC effective in the workplace? How is the Immigration Reform and Control Act important to Human Resources? What..
The new Horizon Call Center location managers wanted to hire employees based on valid objective criteria that would minimize anything that is not job-related, and thereby select the best employees. Based on this, which type(s) of validation is the Ca..
A two channel operation with two service windows and two wmployees. The employee station at each window fills the order and takes the money. The average service time for this is 2 minutes for each channel.
how might an HR department help to develop financial executives who are ethical leaders and mentors?
Select a component or finished good that you are familiar with that is sourced from a low-cost country. Develop a total cost value proposition to evaluate the potential of continuedsourcing from low-cost country. what is the direction for each of the..
What are the three objectives of the employment relationship according to Budd, and why are they important?
How are market segmentation, targeting, and positioning interrelated? Illustrate how these three concepts can be used to develop a marketing strategy for a product of your choice.
How well is the hospital currently utilizing its beds?
Some organizations must very hard to achieve “goal alignment” within the organizations. Describe two tools that organizations can use to achieve “goal alignment” and provide examples
the typical buying process consists of the following sequence of events problem recognition information search
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