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Sales forecasts are not 100% accurate, yet you must make some projections to manage inventory,personnel, materials, other resources. How do you compensate for the uncertainites? this is after the fact-- the forecast is made for the next three months using the best possible data and techniques. Now you must deal with the uncertainties. You might begin listing some of the uncertainties and explain how you will handle deviations from expectations.
The text states that strategic decisions are (1) rare, (2) consequential, and (3) directive. These deal with the long-term future of the entire organization. To aid in the decision making, the authors suggest an eight step decision-making process. Fo..
Evaluate the various aspects of the cost of quality. What are some specific examples?
For sales professionals, familiarization (FAM) trips are very important to closing the sale with a meeting, convention, or exposition organizer. Determine five key things a sales manager would need to show a meeting, convention, or exposition org..
Do you believe it is possible to eliminate all risk from a project? Explain your reasoning. Discuss the advantages of using quantitative risk assessment tool
A waiting line meeting the M/M/1 assumptions has an arrival rate of 5 per hour and a service rate of 13 per hour.
A manufacturer's average work-in-process inventory for Part # 3429 is 900 parts. The workstation produces parts at the rate of 150 per day. What is the average time a part spends in this workstation?
How many cars would you expect to see in the system. A toll tunnel has decided to experiment with the use of a debit card for the collection of tolls. Initially, only one lane will be used
Describe, in brief, the histories of both of Amazon.com and Yahoo.com, and determine the core business of each.
How can blogs and webcasts enable companies to improve the effectiveness of their recruiting activities? What are the possible difficulties that can arise from reliance on these new technologies for recruiting? Your response should be supported by re..
The following table describes the revenue per machine; outsource cost per frame and consumption for each frame if made internally.
Distinguish among the European Union, the North American Free Trade Agreement, and the World Trade Organization. How are the three similar? How are they dissimilar? What are at least three reasons why marketing information gathering is so difficult? ..
Decide the number of employees that would be needed. The ice cream sales record for the past 12 quarters is provided in a table below. To assist her with her plans, develop the following forecasting models.
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