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(a.) Give an example (with justification) of a product for which EOQ ordering is more sensible (i.e., more economical) than JIT ordering.
(b.) What is lead time? What would a JIT approach recommend in terms of changing lead times? And what effects would such changes have concerning your stockroom, and why?
(c.) Briefly explain the "leveraging" of purchasing, i.e., why saving, say, 1% on purchases may be a more viable way of increasing one's profit margin than by increasing sales.
(d.) Suppose a colleague of yours proposes at a meeting that an ERP installation will enable your organization to eliminate upper-level operations personnel because ERP "takes care of all that stuff." Briefly, how would you respond to this person?
1) Bill of material errors can cause serious problems for MRP system calculations of dependant demands 2) No matter what forecasting technique is used, the probability of a prod
As a manager, you are expected to make logical, rational decisions that are in the best interests of the organization. However, the best decision isn't always made. Let's discuss w
Today, you have a meeting with one of the Humanitarian workers (Latisha Jones) concerning raising awareness for drunk driving in your local community. This is the fifth time that y
objectives
Identify issues management needs to address. Analyze and evaluate the issues identified and a set of actions management should take to address the issues identified.
Define the term total quality management in short. Total quality management (TQM): Total quality management is the procedure of embracing a quality conscious philosophy o
Preparing employees to work across national and cultural boundaries is known as: Answer (1) cross-cultural repatriation. (2) Cross-cultural preparation. (3) Culture shock. (4) Reve
An assembly line normally operates two shifts a day, five days per week. The planned capacity of the assembly line is 380 units/shift. Determine the average safety capacity if 700
In a job shop, effective capacity is only 50% of design capacity, and actual output is 80% of effective output. What design capacity would be needed to achieve an actual output of
You have been named human resource manager for a company that has 180 employees and no formal base pay system. What steps will you take to developed such a coordinated system?
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