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National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month/Sales (000) Units Feb 16 Mar.17 Apr. 11 May. 29 Jun. 19 Jul. 21 Aug. 21 Forecast September sales volume using each of the following: 1.A linear trend equation 2.A five-month moving average 3.Exponential smoothing with a smoothing constant equal to .30, assuming a March forecast of 16(000 4. The naive approach 5. A weighted average using .60 for August, .10 for July, and .30 for June.
Describe the four options highlighted in the case study in terms of their feasibility, acceptability and vulnerability.
Explain the concepts of lean production. Describe its relation to Six Sigma. Please provide examples of the pros and cons for linking them.
Which strategy is assisting in an organisation? Organisational flexibility will assist the organisation accomplish short lead times needed while meeting customer demands, assis
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Define the term Economic Order Quantity. Economic Order Quantity (EOQ): A mathematical computation for a fixed quantity of inventory ordered every time which would minimi
1. Develop an lD score for the current layout. What problems can you identify with the current layout? 2. Use trial and error to come up with a better layout that lowers the lD
So what exactly is a high performance organization? Is this just another "buzz word" that American managers need to pay lip service to? Is there really any merit to having the crea
Describe the behaviours of leaders modelling excellence. How do you assess excellence and how does that inspire you to perform at a higher level?
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