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The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. A) What is the recommended production rate if a level strategy is adopted with no back orders or stockouts? What is the ending inventory for month 4 under this plan? B) What is the level production rate with no ending inventory for month 4?
Identify processes in your own organization, or one you know well, that could benefit from the kind of changes introduced at Lantech. Explain how the improvements could be achieved.
Describe the steps you would take to assemble a project team. ow do you define risk management and project risk? What is the relationship between risk and opportunity?
Identify changes in forecasting methodologies and approaches that have been influenced by current economic conditions.
What is the maximum number of orders waiting to be packed? If we double the packing capacity (from 60 to 120 orders per hour), what impact does this have on your answers in parts b, c, and d?
Are you concerned that this might be a crisis situation-akin to an employee going "postal" in the workplace-waiting to happen? If so, what would you do? Why?
Consider Avionic Manufacturing Business that wishes to meet a demand of 10 units per month by purchasing items from a vendor with a lead time of 3-quarters of a month. Illustrate what is optimal inventory policy and total cost of system under optim..
Joshua Simms has currently been placed in charge of purchasing at the Med-Tech Labs, a medical testing laboratory. His job is to purchase testing equipment also supplies.
What did Disney not change when it constructed Euro Disney?
Assume you are marketing manager for target or another brand. How would you apply the four functions of the marketing managermemnt process in your role? In you answer, identify how a marketing manager might realize when it is time to focus on one ..
Formulate linear programming model for this problem. Mention the objective function (minimize or maximize) and all model constraints. Solve this model graphically. Identify the following: each constraint line, feasible solution area, x1, x2 and Z..
What is the Role of Inventory Management in Ford Motor Company's Production Line. Discuss with examples pertaining to Operations Management and Operations Management perspectives.
Identify key gaps in planning for the exit. Provide recommendations on the exit strategy. Is the sale the right one? What steps ought to be taken to maximize the sales-price? What do you see as a realistic time-horizon for the sale? What other act..
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