What causes knowledge waste and possible countermeasures

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Reference no: EM132108874

1. Textbook "lean production simplified"

Provide at least five examples of knowlege waste.

a. What causes knowledge waste?

b. What are possible countermeasures?

2. For a given product (managed using an R,Q method), the reorder point is 1,200 units, average monthly demand is 400 units, and the average lead time is three months. What can we infer from the information provided?

The in-stock rate would be greater if the reorder point was lower

There is no safety stock for this particular product

None of the above

The optimal order quantity is equal to 1,200 units

3. DISCUSS why it is important to set goals that are S.M.A.R.T when creating social media strategies. You may discuss hypothetical organizational contexts or scenarios that you have read about to explain how S.M.A.R.T goals can be effective when creating a social media strategy to achieve business objectives.

Reference no: EM132108874

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