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Managing Inventory and Cash Flow Crisis
Complete the following discussions:
Inventory management is critical to success in the simulation. With respect to your team, discuss how you decide to balance the risk of stockouts against the costs of maintaining excess inventory.
Every week, you have to consider the cash flow of your firm. This short-term financial consideration often creates serious difficulties for firms in the footwear industry. Looking at your industry to date, consider the following questions:
Why do firms have trouble managing their cash flow? What events cause a cash flow crisis in the simulation?
How does a short-term cash flow crisis impact a firm's competitive strategy?
How does a short-term cash flow crisis spiral into bankruptcy for some firms?
Illustrate what is a problem identification formulation style for the private security sector. Explain how much could the industry save annually in ordering also carrying costs by utilizing the EOQ.
How do you use the Ryley theorem in the case of an out-of-control DOODLEBUG business to manage the output?
A company produces two products, A and B. Each must go through two assembly lines. Product A requires 12 hours on Line One and 4 hours on Line 2. How many of each product should the company produce to maximize profit?
The program management life cycle was developed to not only ensure successful realization of organizational/program strategies but also to create a process to plan, identify, and resolve specific cost, schedule, or quality problems associated with..
Define cultural products, and give three examples of them. Identify how cultural products are considered in the development of a strategic plan.
Dalton and Carla run a small bicycle shop called " D n C"Bicycles.They must order bicycles for the coming season. Orders for the bicycle must be placed in quantities of twenty(20).
What are some of the Managerial implications of the "global village?" With regards to large organizations, what is the significanca between a multi-national corporation and a trans-national corporation?
How does the product type influence what marketing communication mix the company will use? Do you believe these companies used the best promotional tool? If yes, explain why. If not, share what promotional tool you feel would be better and why.
Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are valuable tools to use in this evaluation.
analyze why it is important to address risk through the entire project life cycle. Identify three possible negative results that can occur if an organization fails to address risk in different phases of the project life cycle
Find the probability that there will be customer waiting for service at the drive-up window.
Forecasting is important relative to capacity requirements planning. Discuss the merits of using judgment methods (i.e., qualitative data) in contrast to quantitative forecasting methods. Which methods do you consider to be superior or more ac..
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