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Given the following historical data on two alternative suppliers of a critical material your company requires, which of the two suppliers (supplier 1 or supplier 2) will minimize your required safety stock? Show and describe your analysis.
Base your analysis on the supplied data and assume “all else is equal” between the two suppliers. In other words, cost per unit, quality, TCO, etc. do not need to be considered. Do not concern yourself with any other issues or data other than that which is given below.
For any given period, your company’s goal is to have required materials available in inventory 99.9% of the time.
Your mean requirement (demand) per day: 700 units.
Standard deviation of your daily requirement: 65 units.
Supplier 1
Mean lead-time: 7 days
Standard deviation of lead-time: 1 day
Supplier 2
Mean lead-time: 5 days
Standard deviation of lead-time: 2 days
Define the term conflict of interest. Give examples in Health service organizations and Health Services. How can conflicts of interest be minimized? What is the role of the health care manager?
The authors claim that “every role performed at excellence deserves respect. Every role has its own nobility.” Do you concur with this statement? Defend your answer? Scientific Management Theory and some authors will tell you that there is “one best ..
Smooth transitions between sections and links to other documents and sources of information are important________ a. in any report longer than 2 pages b. in print reports, but not in those published online c. whether your report appears in print or o..
Discuss what you think will happen to supply, demand also price of the product in the long-term. Explain why you think supply, demand, or equilibrium price will be different, if at all, in the short-term also the long-term. "
prepare a document based on credible research and course materials addressing the followingdiscuss the four strategies
1.explain the balance scorecard and metrics drawn from this to create a metric for training.2.explain the connection
Describe an incident , possibly involving yourself, in which the inference-observation confusion occurred. analyze specifically why it occurred, what might have been done to prevent its occurrence, and what measures would prevent its recurrence.
Create the introductory paragraph. Within this paragraph, provide a brief overview of the scenario. Then, provide a thesis statement and tell the reader the main topics covered in the paper. The introductory paragraph is the first paragraph of ..
A marketing firm is trying to win a major contract from a large retail company and is concerned with four major threats. (1) Competition: the probability of very competitive bids is high at 0.6, and the potential impact would he substantial at a valu..
You are the new senior analyst in the MIS department at Beltz, a large snack food manufacturing company. The company is located on the beautiful shoreline in Charleston, South Carolina. The company's location is one of its best and worst features. Wh..
The Bondstreet Company sells medical supplies to hospitals, clinics, and doctors' offices. Bonstreet uses an ERP system for all of its business processes. The billing process begins each morning when a clerk in the billing section of the AR departmen..
The American Society for Quality (ASQ) defines quality as "the totality of features and characteristics of a product or service that bear on its ability to satisfy given needs". Comment on this definition - is there anything you would add or change t..
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