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The following questions are based upon the Buffer Sizing Exercise (supplementary video) you were to have watched as part of the required material for Topic 7.
The narrator rolled a die as part of the exercise: one time, he rolled a 6. What is that day’s demand – and why are you giving the answer you are?
What is the difference (if any) between the “time to be reliably replenished” versus the “order interval”?
You manage a Pizza parlor that is open 7 days a week. One of your responsibilities is to manage inventory. Historically, you’ve NEVER used more than 3 cases of pizza sauce per day (though it averages 2). You place orders to your vendor every three days and it takes that vendor 2 days to get what you’ve ordered to your restaurant. Show your calculations and state what your Time to be Reliably Replenished is.
What would the appropriate initial buffer size be with the data you’re given in 5c?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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