Given the following production plan, compute the monthly production, ending inventory/(backlog) and workforce levels using a chase production strategy. Assume that a worker can produce 30 units per month and the beginning inventory in June is 400 units, and the firm desires to have 200 units of inventory at the end of November.
Month |
June |
Jul |
Aug |
Sep |
Oct |
Nov |
Demand |
1500 |
2800 |
4200 |
3600 |
2350 |
1400 |
Production |
||||||
Ending Inventory |
||||||
Workforce |
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In: Operations Management
How can a leader increase power through political activity? Define and discuss the ethical considerations in using power and politics? Use examples to demonstrate your understanding.
In: Operations Management
In: Operations Management
Why have attitudes toward diversity changed? Define and discuss the stages of personal diversity awareness? Use examples to support your ideas.
In: Operations Management
For chapter 9 we will examine basic concepts related to legal and ethical issues in health care. We will also examine the impact of government decisions on medical management, litigation and IRB. Please define the following terms.
Autonomy
Ethics
HIPAA
Maleficence
beneficence
health care proxy
Power of attorney
Advance directives
Malpractice
IRB
In: Operations Management
Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 18.10.
LAST YEAR |
THIS YEAR |
|||
QUARTER | QUANTITY (UNITS) | QUARTER | QUANTITY (UNITS) | |
I | 13 | I | 17 | |
II | 15 | II | 21 | |
III | 23 | III | 25 | |
IV | 13 | IV | 19 | |
a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.)
b. Compute trend and seasonal factor from a linear regression line obtained with Excel. (Do not round intermediate calculations. Round your answers to 3 decimal places.)
c. Forecast sales for next year using the above seasonal factors. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
In: Operations Management
Describe and define the evolution of team leadership. Discuss why small teams can be more effective than large teams? Provide examples to clarify your point.
In: Operations Management
Do you agree/disagree with the following statement: "The two best signs of good strategy execution are that a company is meeting or beating its performance targets and is performing value chain activities in a manner that is conducive to company wide operating excellence." Please be sure to support your stance. (min 200 words)
In: Operations Management
Compare and contrast authority and power in terms of leadership. What do you define as effective leadership? What role does authority have in effective leadership? What role does power have in relationship with effective leadership? Provide examples.
In: Operations Management
On a trip home during the summer break, you pay your Uncle Dave a visit at his record store. When you walk in, you notice there is not one single customer. “I have run this store since the 1980s,” Uncle Dave says with a sigh. “We were the first store in this whole town to sell compact discs! But now, it feels like we’re at least a decade or two behind the times. No one buys records anymore—or even CDs! I have thought about just closing down the store and retiring a little early. But I can’t stand the thought of doing that just yet. I wish there was some sort of new direction I could take things in.”
You explain to Uncle Dave that the best idea would be retooling his marketing plan. “Now, you know I don’t know anything about doing that,” he replies. “My business had always sold itself until just a few years ago. I had no need for marketing.” Suddenly, a light bulb goes off in your head. Since you’re studying business in school, why not put the skills you have learned to work by helping out Uncle Dave?
Before leaving, you tell Uncle Dave you will be working on a marketing plan for him. Write a professional 1-page (300-500 word) plan that addresses all four elements of the marketing mix:
In: Operations Management
Assume that you need to buy new dishwasher because your old one is failing. You have enough money to buy any model or brand on the market. You are single, you live in Shrewsbury and you own your own car. How will you select the best dishwasher to buy? What steps, information, facts and processes will you use? Please list and explain in detail every step you will take to assure that you are choosing the best dishwasher.
In: Operations Management
1. Describe enterprise-wide and inter-enterprise systems and give examples of both in companies.
In: Operations Management
Congratulations to Charles Cunningham for getting the marketing management position that you advertised! He has now worked with the company for six months and appears to be enjoying his job. His coworkers and clients have a lot of good things to say about his performance, but a note that keeps coming up is that he should be more assertive about his opinions in meetings. What type of performance review would you conduct? What objectives would you include? How would you determine base pay, benefits, and non-monetary compensation for his continued role? How would you document this process and follow-up on growth? At what point would you consider termination for this employee?
In: Operations Management
there are considerable differences and similarities among world cultures. this makes the task of the global marketer much more difficult. giving examples, show what factors have to be taken into account when planning a global marketing strategy for different parts of the world.
In: Operations Management