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A newspaper publisher uses roughly 890 feet of baling wire each day to secure bundles of newspapers while they are being distributed to carriers. The paper is published Monday through Saturday. Lead time is six workdays. What is the appropriate reorder point quantity, given that the company desires a service level of 95 percent, if that stockout risk for various levels of safety stock is as follows: 1,500 feet, .10; 1,600 feet, .05; 2,100 feet, .02; and 2,400 feet, .01?
"Creative Abrasion" in prior discussion boards. Diversity in creative teams seems to be a consistent message. In spite of this many of us tend to gravitate towards people we are comfortable with. As managers, what can we do (what have you done), to e..
Ordering larger quantity would increase safety stock. Ordering more frequently would reduce safety stock and increase the chance of stock outs.
What is operations management? Why is operations management important for a business? How does operations management effects the profitability of a business?
Explain why an event like the Hawthorne studies be a major turning point in the history of management even if the idea is later shown to be an error.
Analyze this case in your mind and then state the legal issues to be considered.
Compile the change management imperatives which will go into making this a successful change project. Construct a set of strategies which managers can use to help employees cope with complex change.
Merrimac Manufacturing has always purchased a certain component part from a supplier on the East Coast for $50 per part. The supplier is reliable and has maintained the same price structure for years. Over what range (quantity) of product would each ..
When partial payment for work completed arrives (5 days later), I count or estimate the actual number sheared (6,000 trees). I take the actual as a percent of the total to be sheared, multiply the percent complete by total contract amount for the ..
Investors and creditors are typically not interested in the same thing. Investors are typically interested in whether a company is going to turn a profit over time, while a creditor is interested in short-term cash flow. Decide whether you are an ..
Your son is graduating from high school and is about to enter the work force. He has developed a strong curiosity about our economic system and how it works. Circular flow diagram: Include the government sector in your explanation, a description of t..
What are the steps for a project change to be implemented once the tools have validated concerns for the project?
What are HR's interests in this scenario, and what would be the potential negotiation strategy between the Accounting Manager and HR assuming that there is a decision that the published salary range for attracting Jim will have to be exceeded in o..
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