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Identify an industry that is undergoing intense competition or is being featured in the busines press. Discuss how scenario planning might be used by competitors to prepare for future events. Can some industries benefit more than others from this type of process? Explain why?
Firm A typically sees a learning percentage of 84 percent in their processes. Firm B has a learning percentage of 95 percent. Which firm has the faster learning rate?
A company has had actual unit demand for four consecutive years of 100, 110, 125, and 150. The respective forecasts using exponentials smoothing were 120 for each of those four years. What value of alpha, the smoothing constant, was the firm using?
The Unique Boutique makes a variety of custom jewelry. It's most popular item, a stylish necklace, has a demand of 60 units per day. Each necklace takes 20 minutes to produce. Since this is a small shop, they only produce 2 hours per day. What is the..
Discuss the concept of the internal customer. Who are purchasing's internal customers?
Identify at least one luxury goods producer that does not sell some or all of its products online and speculate why they might have chosen this strategy.
The Article Review assignment for this class is to critically review an article having to do with any issue in the business world as it relates to project management. You can pick any article you wish, as long as it meets the criteria listed below..
France has 14 million smokers. More importantly, smokers in France are closely associated with the French culture. To reduce the number of smokers in the nation, the French government has increased the costs of cigarettes to a price twenty times grea..
Graph these forecasts and the original data using Excel. What does the graph show? Which of the above forecasts is best? Why?
The annual demand for a product is 180,000 units with a daily standard deviation of demand of 90. The cost to place an order is $750 and holding one unit in inventory costs $15 a year. Lead time is 4 days. A 90% cycle service level is being used. The..
Critically analyse the theory, concepts and models of operations and information management and demonstrate an understanding of the strategic importance of information management in global organisations.
1. How should stores approach inventory planning for Black Friday? 2. How should retailers plan the process of opening the doors and getting excited customers through checkout?
A producer of felt-tip pens has received a forecast of demand of 33,000 pens for the coming month from its marketing department. Fixed costs of $27,000 per month are allocated to the felt-tip operation, and variable costs are 25 cents per pen. Find t..
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