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Many profit-making firms have a strategy map that is tied to four elements: financial results, customers, human resources, and sustainability. If you developed a scorecard that included these areas, what would be your goal in each area, and what measures would you use? What would be your rationale?
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..
how much will his long term average satisfaction be? For Steve, what amount (in nearest whole $) would give him the same satifaction equal to the previous question?
What is their productivity? John and his employees have discusses redesigning the process to improve efficiency. If they can increase the rate to 125 per day, what will be their new productivity?
Based on information for the current years, is Kansas City the best location for a warehouse? If not, what are the coordinates for a better location>? What cost improvement can be expected from the new location?
Communication in organizations varies according to where and how it originates, the channels, the speed at which it flows, and whether it is formal or informal. Discuss some of the cultural variables that arise due to communication channels.
Automobiles arrive at the drive through wind at the downtown Urbana, Illinois, post office at the rate of 4 every 10 minutes. The average service time is 2 minutes
Automobiles arrive at the drive through window at the downtown Urbana, Illinois, post office at the rate of 4 every 10 minutes (or .4/min)= lambda
Setup cost should be treated as ordering cost and larger time unit is the month and smaller time unit is the day.
If a company, with a normal payback requirement of two years or less, uses subsequent techniques, explain how might company adjust for projects of differing risk in approval process.
Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2000 units of X which costs $25 each. Storage cost amounts to $5 per unity of average inventory.
Determine the total costs of ordering and holding inventory for the year to see how much could they save by ordering the EOQ amount when they order paper once a week
What are two things that you would do to be sure the service is performing up to customers' expectations?
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