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Supply chain management is one of the most important factors in the industry in which I work, bio-pharmaceutical manufacturing. For each manufacturing run, the bill of materials (BOM) can be thousands of items long which all need to be tracked from: receipt from manufacturer, quarantine, quality testing, release, issuance to the manufacturing suites, use in manufacturing, and generation of the final product. Integration of systems such as SAP into supply chain management are important in saving time and money by allowing quality, materials management, and manufacturing personnel to quickly check stock and ensure that only released materials are going into manufacturing suites for use. This ensures that the organization stays compliant with title 21 of the code of federal regulations, maintains good manufacturing practices, and provides quality materials that could end up going into humans. Errors in supply chain management can halt manufacturing and end in the loss of millions of dollars in wasted product at best and at worst cause tainted product being put into humans.
Suppose that you can own a car wash and that its total cost function is C= 20 + 2Q + .3Q^2 where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed.
q1. why does michael porter admonish companies not to change their competitive positioning any more frequently than
In The Wealth of Nations, Adam Smith wrote, "Every individual endeavors to employ his capital so that its produce may be of greatest value. He generally neither intends to promote the public interest, nor knows how much he is promoting it.
Provide one quote and its context for both a positive and normative statement. Explain your choices. Estimate the statement choices of your fellow students.
Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 78% more money per hour than a high- school graduate. If the lifetime earnings of a high-school graduate average $1200,000, what is th..
We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
q.postcard bangalore. hearts set on joining economy globally as indian it workers are brushing up on their
The following, adapted from a merger case in 2014, were the approximate U.S. market shares of different cigarette companies: Altria, 47 percent; Reynolds American, 26 percent; Lorillard, 14 percent; Imperial, 5 percent; Compute the Herfindahl for thi..
suppose the social welfare benefit received by a typical family in country c was 5000 in these 3 years. Compute the real values of the social welfare benefit received by a typical family in these 3 years using constant (2006) price.
From a social perspective, is the outcome of a Hoteling model without price competition efficient?
A firm is using 10 workers, and their average product is 200 units. Suppose the marginal product of labor is 250 units. In answering the questions below, explain your answers briefly. How much output is the firm producing? Is the marginal cost curve ..
If a policy analyst imputes marginal willingness to pay for environmental quality to be equal to: MWTP = 245- 1.5EQ, where EQ represents a measure of environmental quality, what is the change in consumer surplus associated with an increase in EQ from..
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