Pharmacy uses continuous review system

Assignment Help Operation Management
Reference no: EM131369263

To ensure a service level of 98%, a pharmacy uses a continuous review system for its inventory of flu vaccines. The calculated reorder point is 20 on-hand flu vaccines.

Curiously, a recent new-hire at the pharmacy asks you "What is a 98% service level?"

As if doing so for someone not at all familiar with inventory management or operations management terminology-such as a recent new hire-explain the concept of "a 98% service level."

Reference no: EM131369263

Questions Cloud

Determine the fluid properties for the fluids : For this design problem you must determine an experimental method to determine the fluid properties for the fluids above using the materials listed below: For each experimental method the following must be documented: Overview: Describe the method
Draw a box plot for the data in given problem : Draw a box plot for the data in given problem. Are there any outliers? Is the distribution of the data symmetric or skewed? If it is skewed, to what side?
What is the minimum temperature rise possible : Air at 14.7 psia and 70 °F is compressed adiabatically by a centrifugal compressor to a pressure of 100 psia. What is the minimum temperature rise possible? Explain.
About price-takers and price-setters : we learn about Price-Takers and Price-Setters. Pick a unique company/product in the U.S. that is a Price-Setter and discuss why that company is a Price-Setter. Secondly, pick a company/product that is a Price-Taker and discuss how they could become a..
Pharmacy uses continuous review system : To ensure a service level of 98%, a pharmacy uses a continuous review system for its inventory of flu vaccines. The calculated reorder point is 20 on-hand flu vaccines. Curiously, a recent new-hire at the pharmacy asks you "What is a 98% service leve..
What is considered to be appropriate treatment for persons : You are the special agent-in-charge of the area field office for the Federal Bureau of Investigation. The Assistant U.S. Attorney (AUSA) has asked you about a homicide in which a hostage taker took a gas station attendant and two customers hostage..
Calculate the economic profits of biff : Last year a property management company offered to lease Biff's land from him for $80,000 per year forever. Calculate the economic profits of Biff's driving range last year. If the property management company offers the same land lease deal to Biff..
Describe how hobby lobby views the human : I want you to describe how Hobby Lobby views the human. How does their understanding of humans affect the way they do business? Finally, for the "Metaethical Dimension" of ethics, I want to know what you think.
Leading multinational firm operating within medical industry : A leading multinational firm operating within the medical industry is completing the development of adhesive drapes used primarily for pediatric burn victims. Demonstrate an understanding of marketing opportunity analysis in marketing decision making..

Reviews

Write a Review

Operation Management Questions & Answers

  Administrative spending for federal regulatory agencies

Administrative spending for federal regulatory agencies, which is used as a measurement of regulatory costs, has a. decreased because companies have been much more responsible at self-regulation, and less federal spending is needed.

  What is the difference between line personnel and staff

What is the difference between line personnel and staff personnel? Why are the two groups so often in conflict? Do you think this would also be true in a virtual organization? How would you minimize the conflict problem? Would you rather hav..

  Describe the kind and strategies of control applied

Describe the kind and strategies of control applied by your manager to control the employees' job. Be specific by showing examples. In case you are not working, please, refer to your last job. Evaluate the control system applied by your manager by fo..

  Which are sold in the freezer section of supermarkets

Delicioso foods produces frozen dinners, which are sold in the freezer section of supermarkets in the U.S. Delicioso is positioned as a high quality brand of frozen Tex-Mex dinners, and prices it's brands accordingly (i.e. higher than competing brand..

  Improving and selling an electronic payment system

Don King and Scott Willson worked together on improving and selling an electronic payment system. To develop the system, they pooled their money and labor, with King providing financing and Willson contributing his time and expertise, amounting to ab..

  Their regular disagreements have become so frequent

Two of your team members, Cynthia and Shelly, never seem to agree on anything. Their regular disagreements have become so frequent that it’s become a negative influence on your team’s ability to accomplish its work. What should the team do to most ef..

  Shunt resistors are commonly used to measure current

Shunt resistors are commonly used to measure current in power circuits, by producing a small voltage drop in direct proportion to the circuit current.

  Objectivity in writing marketing research report

Discuss the importance of objectivity in writing a marketing research report by Wednesday. Show us you understand the concepts by using terminology from the textbook and course.

  Describe a consumer-oriented sales promotion

Describe a Consumer-Oriented Sales Promotion you have experienced. Was it effective? Create a detailed Consumer Oriented Sales Promotion campaign for a company/product of your choosing? Design a contest or sweepstakes marketing campaign?

  Create greatest uncertainty for compensation professionals

This chapter discusses seven important issues that will shape compensation professionals' work for years to come. Which one of these issues stands to create the greatest uncertainty for compensation professionals? Explain your answer.

  Describe all of the steps required to produce doughnuts

List and describe all of the steps required to produce doughnuts as well as the equipment required to complete each step - Create a bill of materials to list those ingredients required to produce doughnuts.

  Course be applied in your professional and personal life

In your first Learning Activity for week 1 you discussed some things that come to mind when you think of the word “ethics”. Over the course of the past 8 weeks, has your view or conception of ethics changed in any way? If yes, is there a specific mom..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd