Which of the following illustrates Lead Time?
1- April 1st - Purchase request approved / May 31st - Product delivered
2- April 1st - Purchase request approved / April 28th – Purchase agreement signed
3- April 28th - Purchase agreement signed / June 1st – Estimated delivery date
4- Mark for follow up
Question 11 of 60.
What documents are examined for three-way matching?
1- Purchase order / Receiving report / Goods Received Note (GRN)
2- Purchase order / Scope of Works (SOW) / Goods Received Note (GRN)
3- Supplier’s invoice / Purchase order / Service Completion Report (SRN)
4- Supplier’s invoice / Purchase order / Goods Received Note (GRN)
Question 12 of 60.
How often is it recommended to review available suppliers for Framework/Preferred Master Supplier Agreements to ensure cost-effectiveness
1- Every month
2- Every 6 months
3- Every 1 year
4- Every 5 years
Question 13 of 60.
Bidders agree to pay 10% of the estimated contract amount for failing to enter into the contract. Where in a contract would you find this specification?
1- Penalty clause
2- Bid guarantee
3- Change order
4- Code of Ethics
Question 14 of 60.
How should an organization’s procurement manager respond to a request for purchasing prescribed pharmaceutical items?
1- Request management have a special place to store such pharmaceutical items
2- Explain that the request is denied as the item may lead to corruption activities
3- Ask the requestor to check if such procurement may need special donor/organizational approval
4- Mark for follow up
Question 15 of 60.
A supplier estimates it will take a minimum of 60 days from the time the contract is signed to fill the order. This is an example of which type of time?
1- Lead Time
2- Time to Award
3- Supplier Delivery Time
Question 16 of 60.
Why is it important to publicly announce the tender?
1- Demonstrate transparency and attract more competitive potential bidders
2- Inform communities about ongoing procurement activities
3- Encourage suppliers to read newspapers and access the internet
In: Operations Management
The Eisenhower Matrix is a simple tool for considering the long-term outcomes of your tasks and focusing on what will make you most effective and productive. It helps you visualize all your tasks in a matrix of urgent/important. During the COVID 19 crisis that the whole world is passing through, you have the space of time to work on your priorities.
Explain the importance of this matrix from your point of view. Make one for yourself to cover the period of the coming 2 weeks.
In: Operations Management
THE PALM OASIS SUITE HOTEL
Cody Michlon, manager of the Palm Oasis Suite Hotel in Miami Beach is requesting your help to improve the guest
experience at the hotel. Cody Michlon plans to remodel the front desk to provide a more customer-centric
experience and create an optimal level of staff efficiency and guest service. Historical data of arrivals during the
peak check-in time of 5:00PM to 7:00PM showed that an average of 80 guests arrive each hour. It takes an average
of 3 minutes for the front-desk clerk to register each guest.
Mr. Michlon wants to improve guest service by reducing the length of time that guests spend waiting in line.
CURRENT (PLAN 0): At present, the hotel has five clerks on duty, each with a separate waiting line.
PLAN I. The first proposal would designate one employee as a quick-service clerk for guests registering under
corporate accounts, a market segment that fills about 30% of all occupied rooms. Because corporate
guests are preregistered, the registration takes an average of just 2 minutes. With these guests separated
from the rest of the clientele, the average time for registering a typical guest would climb to 3.4 minutes.
Under this plan non-corporate guests would choose any of the remaining four separate lines.
PLAN II. The second plan is to implement a single-line system. All guests could form a single waiting line to be
served by whichever of five clerks became available. (The only difference between the current scenario
and this proposed Plan II is the line formation – currently it is set up with five separate lines one in
front of each of the clerks, this plan II proposes a single line that wraps around with a corral and the
next guest will go to the next available clerk). This option would require sufficient lobby space for
what could be a substantial queue.
PLAN III. The use of a self-service kiosk for check-ins is the basis for the third proposal. This kiosk would provide
about the same service rate as would a clerk, however, since check-ins are automated the service time
would be a constant 3 minutes. Because initial use of this technology is minimal, Cody estimates that
20% of customers, primarily frequent guests, would be willing to use this machine – hopefully this
percent will increase in the future. Cody would set-up a single queue for customers who prefer human
check-in clerks (the remaining 80% of the customers). This line would be served by only four clerks,
because of the space requirement for the self-serve kiosk and the extra expense of the technology.
PLAN IV. Please provide your suggestion for a “better” queuing system. Be sure to compare your performance
measures to the other plans. Your idea??????
INSTRUCTIONS: Prepare a one to two page Executive Summary which should include the following
In: Operations Management
Home Depot or Lowes - Global Expansion into Great Britain
Cultural Influence
Economic/Legal Influence
Political/Gov Influence
Involvement in International Organization
Import/Export
Recommendations
In: Operations Management
In: Operations Management
1)In what way can we measure reputational and social
capital of a business.
2)how can a business make progress.
3)Give me a company that have been able to incorporate moral
virtue, human dignity and the common good into their business
model.
In: Operations Management
In: Operations Management
a. What is the principal product mix for Microsoft? b. Does Microsoft have any strong brands? (Remember that the company name itself is a brand) Explain.
In: Operations Management
In: Operations Management
The weight assignments of the evaluation criteria can be subjective by the stakeholder of the criterion (or criteria). Use an example to demonstrate that the sensitivity of weight assignments dominates the outcome of trade studies. How the QFD can help the objective selection of weight assignments of evaluation criteria?
Please answer in detail ( one to two page answer)
In: Operations Management
Suppose a liquified petroleum gas company is registered under law with the concerned authorities and can be sued for any offenses committed in negligence by it.
Explain any three offenses that can occur under Tort Law.
Which sections of UAE law for businesses deal with the offenses committed in negligence? How are those sections applied to the offenses?
In: Operations Management
You are the marketing manager of a food product company that is considering entering the Indian market. The retail system in India tends to be very fragmented. Also, retailers and wholesalers tend to have long-term ties with Indian food companies, these make access to distribution channels difficult. What distribution strategy would you advise the company to pursue? Why?
In: Operations Management
In: Operations Management
Discuss the relation between globalization and current COVID-19 disruption. How do you think the warehouse can play a role in making companies respond to this disruption risk?
In: Operations Management
Problem 13-09 (Algorithmic)
Myrtle Air Express decided to offer direct service from Cleveland to Myrtle Beach. Management must decide between a full-price service using the company’s new fleet of jet aircraft and a discount service using smaller capacity commuter planes. It is clear that the best choice depends on the market reaction to the service Myrtle Air offers. Management developed estimates of the contribution to profit for each type of service based upon two possible levels of demand for service to Myrtle Beach: strong and weak. The following table shows the estimated quarterly profits (in thousands of dollars):
| Demand for Service | ||
| Service | Strong | Weak |
| Full price | $1380 | -$580 |
| Discount | $980 | $460 |
| Optimistic approach | Full price service |
| Conservative approach | Discount service |
| Minimax regret approach | Discount service |
In: Operations Management