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Explore these two ideas (one or both):
Forecasting Accuracy. How accurate should a forecast be? How much should a company pay to obtain accuracy? How should a company justify additional costs (investment and operating) to obtain greater forecast accuracy?
What is more important, short term forecasting (e.g. week, month, quarter) or long term forecasting (e.g. year, 5-years)?
Assume you have a product with the following parameters: Demand= 360, Holding cost per year=$1.00 per unit, Ordering Cost= $100 per order. What is the EOQ? Given the data from Problem 5, and assuming a 300-day work year; how many orders should be pro..
If flight is overbooked, airline has a policy of getting customer on next available flight also giving person a free round-trip ticket on a future flight. Cost of round-trip ticket averages $250. Super Discount considers cost of flying a plane fro..
Historical demand for a product is DEMAND January 16 February 14 March 18 April 16 May 19 June 18 a. Using a weighted moving average with weights of 0.50 (June), 0.20 (May), and 0.30 (April), find the July forecast. Using a simple three-month moving ..
Identify and describe the benefits that outsourcing logistics will bring to the organizations. List and describe the directives to consider the process of outsourcing if you are a senior manager
Why has responsiveness become popular in supply chain strategy also collaboration. Compare also contrast manufacturing also geographic postponement.
Failsafe Textiles employs 3 highly skilled maintenance workers who are responsible for repairing the numerous industrial robots used in its manufacturing process. A worker can fix 1 robot every 8 hours on average, with an exponential distribution. Wh..
Based on your personal knowledge, select a specific service facility location and discuss the positive and negative aspects of its location and site selection.
Determine one (1) mistake that project managers are most likely to make when archiving cost and schedule data for their projects. Next, propose one (1) strategy or best practice for limiting the mistake in question. Justify your response.
Organizations can increase range in jobs by: a. rotating a worker to different work roles b. hiring more people to do one job c. only training someone to complete one task repetitively d. none of the above
Describe the advantages afforded by a user-friendly, "intelligent", data-entry screen as opposed to the default screen generated by a Database Management System for a particular application.
demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Demand for dishwasher water pumps is 8 per day. The criterion deviation of Demand is 3 per day also the order lead time is four days. The service level is 95percent. Illustrate what should the reorder point be.
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