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Henry's Hardware is a small family business in Sacramento, California. The owners, Henry and Kathleen must use every square foot of store space as profitably as possible. They have never kept detailed inventory or sales records. As soon as a shipment of goods arrives, the items are immediately placed on store shelves. Invoices from suppliers are only kept for tax purposes. When an item is sold, the item number and price are rung up at the cash register. The owners use their own judgment in identifying items that need to be reordered. What is the business impact of this situation? How could information systems help Henry and Kathleen run their business? What data should these systems capture? What decisions could the systems improve?
Describe the differences between level, chase, and mixed production plans. Use the forecast in the table to show the differences by creating a plan of each type. There is no beginning inventory and regular production capacity is 350 units.
Review the discussion there. Then provide an example of Little's Law's application different from those given in the textbook. Briefly describe the business and then explain how the business could use Little's Law in its operations. After you have po..
How has your company, or another company that you are familiar with, used the Internet and/or related technologies to improve the flow of information along its supply chain?
Discuss setting up valid research designs in a company, work environment.
Describe this problem by using a Markov chain and explain why it is a Markov chain? If the machine is in bad condition, it produces 60 tools per day. On the average, how many tools per day are produced?
Determine the three challenges Tesco faces in becoming a strong U.S. brand. Select two of those challenges and create a solution for each challenge. Decide how Tesco can combine the strength of its global brand with the need to adapt to the U.S. mark..
You are thinking of buying a small manufacturing plant that makes fishing lures. The purchase price for the plant is 15 million. Fixed costs of running the plant are 800,000 per year. The variable cost per lured produced is .45.
What is the relationship between a country’s political/economic environment and risk? What about corruption? Please provide examples to support your post!
A subcontractor is responsible for outfitting six satellites that will be used for solar research. Four of the six have been completed in a total of 600 hours. If the crew has a 75 percent learning curve, how long should it take them to finish the..
There are two general sources of competition on which Sorenson should expect. The first of these is large competitors that have the resources to create a similar product and use their market power to take sales away from Sorenson. Their advantages fr..
How does the growth rate of a firm affect the optimal fraction of debt in the capital structure?
Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a =.2.
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