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A large bakery buys flour in 35 pound bags and uses an average of 1,315 per quarter. Preparing an order and receiving a shipment of flour involves a cost of $11/order. Annual carrying costs are $85/bag. Determine the economic order quantity, average number of bags on hand, the number of orders in a year, the total combined costs of ordering and carrying flour. Also, if ordering costs were increased by $2/order, how would this affect the total annual cost? PLEASE SHOW ALL WORK
Lincoln electric is gradually moving toward using a more traditional approach to pay, putting less emphasis on earnings at risk. What strategic objectives would lead the company to conclude that a more traditional approach to pay may be more effec..
If the process makes on unit each hour on average and each unit is worth $1,500, what is the reduction in work-in-process value?
Develop a report for management of PowerFlex Company that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself. Your report is developed by answering the fol..
Please explain an ethical challenge faced by a manager considering the implementation of a Business Process Re-engineering Program.
Develop a clear picture of the skills, knowledge, experience, and personality attributes your leader needs in order to excel in your organization and culture. Refer to readings, podcasts, or other external research on this topic.
The manager of a regional warehouse must decide on the number of loading docks to request for a new facility in order to minimize the sum of dock costs and driver-truck costs.
Beginning with the step of customer needs and expectations (expected quality), identify and describe the remaining steps in the customer-driven quality life cycle. (hint: drawing a diagram may be helpful)
Which of the following statements about the use of color in retail stores is true?
Examine arbitration as a quasi judicial process in which parties agree to submit unresolved disputes to a neutral third party for binding settlement.
Efficiency is a critical element both in terms of individuals and machinery in any business. Describe some efficiency measures that you would implement in your grocery delivery business. What are the analysis tools that you would utilize to determine..
Select any organisation you are familiar with, preferably a service based organisation, and discuss what criteria and factors are important in designing the layout
Evaluate two (2) key changes in J.C. Penney's management's style from the company's inception to the current day. Indicate whether or not you believe the company is properly managed today. Provide support for your position.
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