Questions
What was Netflix's initial business model? Did it work? How did it evolve? Is this an...

What was Netflix's initial business model?

Did it work? How did it evolve?

Is this an example of emergent strategy?

In: Operations Management

Question 311.5 pts Process that restructures a bill of materials to consolidate demand for a component...

Question 311.5 pts

  1. Process that restructures a bill of materials to consolidate demand for a component at the earliest point where it is needed the production process.

Group of answer choices

A. Lot for lot ordering

B. Low-level coding

C. Component pegging

D. Lot sizing

E. None of the above

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Question 321.5 pts

  1. Inventory cycle counting is used to:

Group of answer choices

A. Determine order cycle time for inventory replenishment

B. Ensure inventory is being used last-in-first-out

C. Find discrepancies between records and on-hand quantities

D. Ensure inventory is being used first-in-first-out

E. Check identity of items in inventory

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Question 331.5 pts

32. Which of these are elements of how a two-bin system for inventory management works?

Group of answer choices

A. Bins are color-coded to ensure first-in, first-out usage.

B. Reorder/replenishment point is when a bin is half-empty.

C. Each bin contains the same quantity of the inventoried item.

D. Bins are replenished on a regular schedule based on lead time.

E. None of the above

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Question 341.5 pts

  1. The sole objective of inventory management is to minimize inventory costs and levels.

Group of answer choices

True

False

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Question 351.5 pts

  1. Key questions in inventory cycle counting include:

Group of answer choices

A. How accurate do counts need to be?

B. When should counts be performed?

C. Who should perform counts?

D. A and B only

E. A, B and C only

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Question 361.5 pts

  1. When using the A-B-C approach to inventory classification, small number of items that account for a high percentage of annual sales would be classified as:

Group of answer choices

A. Class A Items

B. High Stock Items

C. High Priority Items

D. High Value Items

E. Class C Items

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Question 371.5 pts

  1. The inputs for Re-Order Point (ROP) Models include:

Group of answer choices

A. Acceptable stockout risk or service level

B. Lead time for delivery or production

C. Rate of demand or usage for item

D. B and C only

E. A, B and C only

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Question 381.5 pts

  1. Which of the following is a reason for holding inventory?

Group of answer choices

A. Reduce risk of stockouts

B. Decouple operations and work centers

C. Meet anticipated customer demand

D. Hedge against future price increases

E. All of the above

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Question 391.5 pts

  1. Inventories of which of these products would be managed using the Single Period Model?

Group of answer choices

A. Fresh fruits

B. Frozen vegetables

C. Fresh meats and seafood

D. A and C only

E. A, B and C only

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Question 401.5 pts

  1. Which of the following determines an optimal fixed order quantity for inventory replenishment orders that minimizes the total of carrying and setup costs?

Group of answer choices

A. Setup Cost Model

B. Production Cost Model

C. Economic Production Quantity Model

. Basic Economic Order Quantity Model

E. Optimal Manufacturing Quantity Model

In: Operations Management

Just make it very simple For any of the business-related projects you are familiar with, provide...

Just make it very simple

For any of the business-related projects you are familiar with, provide a brief overview to remind everyone of the project. After the overview, describe the project performance measurement and evaluation system. Did it measure the important aspects of the project? Why or why not? What changes would you recommend?

In: Operations Management

Catherine (wife) and Peter (husband) Mallen had lived together unmarried for some four years when Catherine...

Catherine (wife) and Peter (husband) Mallen had lived together unmarried for some four years when Catherine got pregnant and a marriage was arranged. Peter asked Catherine to sign a prenuptial agreement. Although his financial statement attached to the agreement did not state his income at $560,000 per year, it showed he was wealthy, and she had lived with him for four years and knew from their standard of living that he had significant income. Catherine contends that failure to disclose Peter’s income was a nondisclosure of a material fact when the agreement was drawn up and that accordingly the agreement is not valid. Peter contends that he fully disclosed his net worth and that Catherine was well aware of his significant income. Further, he contends that disparities in the parties’ financial status and business experience did not make the agreement unconscionable.

Please answer ALL of the following questions in your discussion:

Was the agreement obtained through fraud?

Was the agreement obtained through duress?

Was the agreement obtained through nondisclosure of material facts?

Was the agreement unconscionable?

In: Operations Management

The main purpose of this individual assignment is to learn about Cultural Competence to increase professionalism...

The main purpose of this individual assignment is to learn about Cultural Competence to increase professionalism and become more job ready in the multicultural workforce.

For this individual assignment, please do the following:

  1. Complete Cultural Competence Self-Assessment from the course Reading Package.
  2. Identify strongest areas of your cultural awareness, knowledge, and skills (two for each section).
  3. Identify weakest areas of your cultural awareness, knowledge, and skills (one for each section).
  4. List specific steps you will take toward developing your cultural competence.
  5. Research and develop a list of training and professional development opportunities focused on Cultural Competency available at BCIT, Vancouver or Canada. Use your plan to select 1 or 2 of these professional development activities that will help you improve your cultural competence.
  6. Write and essay (up to 500 words), save as a PDF under the following name Your Name Cultural Competence and upload by a deadline.

this is mu business course assignment

In: Operations Management

All else being equal, would you prefer to work in a tall or flat organization? Why?...

All else being equal, would you prefer to work in a tall or flat organization? Why? Which one do you think is best: a narrow span of control, or a wide span of control? How does the concept of span of control relate to tall/flat organizations? Justify your reasoning.

300 words

In: Operations Management

draft a sales pitch of MPO Fenêtres company in 200-250 words.

draft a sales pitch of MPO Fenêtres company in 200-250 words.

In: Operations Management

For a summer camp, just kinda make up stuff describe the organizational structure of the project....

For a summer camp, just kinda make up stuff

describe the organizational structure of the project. Additionally, describe the organizational structure of the company that engaged in that project. Once you have described the two sets of organizational structures, discuss how well (or not so well) they meshed and worked together. describe any changes you would make to the organizational structure of the project based on your readings. Justify your recommendation.

In: Operations Management

Pick a project with which you are familiar. Briefly describe the project. Once you have provided...

Pick a project with which you are familiar. Briefly describe the project. Once you have provided an overview of the project develop a bottom-up budget for the project. Justify the budget and describe how much confidence you have in the budget. Once you have a budget, develop an estimate of how long each of the major activities of the project will take. Defend your estimates. Finally, describe how long you estimate it will take to complete the project.

In: Operations Management

what you feel like are the two most important policy proposals/directions that should be implemented/explored in...

what you feel like are the two most important policy proposals/directions that should be implemented/explored in the US health care system to combat the challenges of an aging population and a distressed Medicare program. This includes Medicare reform, end of life care, technology adoption, medical ethics, etc. What I want you to do here is essentially a mini- EPA which is good practice for your term paper. For each policy describe the economic impact (intended and unintended), any political concerns, and justify why the policy is one of the most important in your mind. This should be roughly three paragraphs in length.

In: Operations Management

Universal Technologies, Inc. has identified two qualified vendors with the capability to supply some of its...

Universal Technologies, Inc. has identified two qualified vendors with the capability to supply some of its electronic components. For the coming year, Universal has estimated its volume requirements for these components and obtained price-break schedules from each vendor. (These are summarized as “all-units” discounts in the table below.) Universal’s engineers have also estimated each vendor’s maximum capacity for producing these components, based on available information about equipment in use and labor policies in effect. Finally, because of its limited history with Vendor A, Universal has adopted a policy that permits no more than 60% of its total unit purchases on these components to come from Vendor A.

Vendor A

Vendor B

Product

Requirement

Unit price

Volume required

Unit price

Volume required

1

500

$225

0–250

$224

0–300

$220

250–500

$214

300–500

2

1000

$124

0–600

$120

0–1000

$115

600–1000

(no discount)

3

2500

$60

0–1000

$54

0–1500

$56*

1000–2000

$52

1500–2500

$51

2000–2500

Total capacity (units)

2500

2000

*For example, if 1400 units are purchased from Vendor A, they cost $56 each, for a total of $78,400.

What is the minimum-cost purchase plan for Universal?

In: Operations Management

also well known in the housing estate industry. Its products include household furniture, office furniture and...

also well known in the housing estate industry. Its products include household furniture, office furniture

and industrial furniture. In the housing estate industry, it has partnership agreements with contractors to roof houses, fix doors and windows and provide all the furniture in the estate houses and office accommodation units that are being constructed by the latter. Its unique finishings are enhanced by the modern equipment, well-trained and flexible workforce including carpenters, joiners and other staff that are in its workshops and showrooms spread around the country.

The success of Unique Furniture is partly driven by its parent company, PK Wood Processing, a timber processing company based in Samboa that supplies quality wood to the latter on a regular basis and at a reduced cost. From the supply of materials through processing, transportation of finished products and installations, the company appears to have a perfect coordination of activities that is making it perform better than its competitors. The company has a five-year maintenance free policy with its customers.

Required:

  1. Describe how Unique Furniture is using the following strategies to perform better than its competitors:
  1. Cost reduction
  2. Quality products
  3. Capacity and location of business   

(b) Draw a value chain to illustrate the activities of Unique Furniture Limited.       

In: Operations Management

Unique Furniture Limited is one of the leading producers of wood furniture in Ghana and is...

Unique Furniture Limited is one of the leading producers of wood furniture in Ghana and is also well known in the housing estate industry. Its products include household furniture, office furniture

and industrial furniture. In the housing estate industry, it has partnership agreements with contractors to roof houses, fix doors and windows and provide all the furniture in the estate houses and office accommodation units that are being constructed by the latter. Its unique finishings are enhanced by the modern equipment, well-trained and flexible workforce including carpenters, joiners and other staff that are in its workshops and showrooms spread around the country.

The success of Unique Furniture is partly driven by its parent company, PK Wood Processing, a timber processing company based in Samboa that supplies quality wood to the latter on a regular basis and at a reduced cost. From the supply of materials through processing, transportation of finished products and installations, the company appears to have a perfect coordination of activities that is making it perform better than its competitors. The company has a five-year maintenance free policy with its customers.

Required:

  1. Describe how Unique Furniture is using the following strategies to perform better than its competitors:
  1. Cost reduction
  2. Quality products
  3. Capacity and location of business                                                        

(b) Draw a value chain to illustrate the activities of Unique Furniture Limited.

In: Operations Management

Professional Development Event Review Carrier- information Technology (IT) Part of developing as a professional in any...

Professional Development Event Review

Carrier- information Technology (IT)

Part of developing as a professional in any career path is attending events that can further your knowledge of a field. This can be in the form of seminars, webinars, conferences, workshops, and sometimes online training if you are learning a new technical skill. The completion of this assignment requires two parts, which should take up 3-4 pages.

Part 1: Attend 3 (or more) events related to the computing profession and reflect on them. These could be workshops, seminars, training, information sessions, conferences, panels, etc. The Career Fair does not count as a professional development event. Describe what you learned in the event and how it can help you in the future of your career. Also, critique the event and explain how it could have been made better and/or what you particularly liked about it. If you are already working with a company that offers professional development, that will be a great resource to pull from!

Part 2: Imagine that you are an employer in charge of creating a seminar to train or help develop new professionals in your company. Explain your seminar. Some questions to consider answering: What would it be about? Who would it be for? How would you go about presenting it? What do you hope your new employees will gain from the seminar? How will you know they got something from the event?

In: Operations Management

What role will technology and communications play for Vietnam as a country in the future? How...

What role will technology and communications play for Vietnam as a country in the future? How will this impact society for years to come?

In: Operations Management