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A JIT system uses Kanban cards to authorize movement of incoming parts. In one portion of the system, a work center uses an average of 84 parts per hour while running. The manager has assigned an inefficiency factor of 0.24 to the center.
Standard containers are designed to hold 5 dozen parts each. The cycle time for parts containers is 105 minutes.
How many containers are needed?
The auditing profession has struggled with materiality for a long time. Do you think the auditor is better off if a specific percentage for materiality is specified in auditing standards? Or is it better left to the auditor's judgment? What are the p..
Create a formula with structured references to calculate the percentage of the Sticker Price in column E.
Suppose a hospital writes checks of $100,000 per day and it takes, on average, 7 days for those to be received and clear the banking system. Furthermore, the hospital receives $120,000 in checks daily that take 4 days to be deposited and credited. Wh..
What recent changes in information technology have led organizations to move to more global approaches to business?
Consider for a moment the company "footlocker" Please provide me with three aspects of that business that you feel should be strengthened, and what you would do to make those improvements.
Suppose that the marginal product of labor is: MP = 100 - L, where L is the number of workers hired. You can sell the product in the marketplace for $50 per unit, and the wage rate for labor is $100. How many workers should you hire?
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..
The hematology lab manager has been receiving complaints that the turnaround time for blood tests is too long. Data from the past month show that the arrival rate of blood samples to one technician in the lab is five per hour and the service rate is ..
Identify a specific nonprofit’s mission statement. What would be your recommendations for improvement? How do you think the mission helps the nonprofit achieve its marketing objectives?
One of the primary goals of this course is for you to find and develop your leadership identity. Your ideas about what a leader does and how a leader acts may change as we progress through the course. Based on your experiences (professionally and per..
How are SCM systems and CRM systems related?
You are using an exponential smoothing model for forecasting. Which of the following is the resulting tracking signal?
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