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Question: Dreyfus Company has a policy of counting on-hand inventory of one of its products every 45 days. When a replenishment order for the product is placed with the supplier, lead time is 8 days. Demand for the product averages 6 units per day with a standard deviation of 1.5 units. It has just been determined that the company currently has 42 units on hand. How many units should the company order if it strives to maintain a 99% service level on this item?
Why is values-based leadership so important to the influence of culture? Does a symbolic act communicate more about company values than an explicit statement? Explain thoroughly.
You are working for an engineering firm that has extensive global operations.
Chandler Oil Company has 5000 barrels of oil 1 and 10000 barrels of oil 2. The company sells two products: gasoline and heating oil. Both products are produced by blending oil 1 and oil 2. The quality level of each oil is as follows: 10 for oil 1; 5 ..
To stay one step ahead of the forces of competition, a firm can adopt one of three basic strategies: cost reduction, product differentiation, or reduction in the intensity of competition. Use the following companies and explain which category you wou..
How many units must the producer sell to break-even? How many units must the producer sell in order to earn a profit of $60,000?
What advantages does the organization gain from them? What disadvantages arise from them? What strategies and actions does the organization employ to maximise the benefits and minimise the problems associated with them.
Explain the impact of databases on businesses. What industry has databases made possible? Give examples of databases supported business applications or technology.
In either case, production costs will be approximately $35,000. He can also choose to do nothing. If he believes there is a 50% probability of a good market, what should he do? Why.
Southeast Publishing Company employs a high-speed printing press in its operations. Determine the economic order quantity, The total annual inventory costs and The optimal ordering frequency.
Policies and procedures facilitate strategy execution when they are designed to fit the company’s strategy and objectives. What is a more recent company that has revised its policies and procedures to provide better top-down guidance to company perso..
The management of people and processes has evolved over the years from the “personnel” function to human resources. Discuss this evolution of the function and the implications on businesses and business practices.
Develop a corporate policy that specifies how training, performance management and reward systems might integrate career-planning considerations. After posting your policy, make sure to review and critique others’ policies. How would you change their..
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