In: Operations Management
What are the arguments for and against having a neutral point on a scale?
In: Operations Management
MCParts, an MRO (maintenance, repair, and operations) distributor, sources three of its products from three different suppliers in the Atlanta region. These three products serve the same basic function but have varying features, and hence different demand profiles. Demand for the fastest selling product (product 1) is 24,000 units a year, demand for the medium selling product (product 2) is 9,000 units per year, and demand for the slowest moving product (product 3) is 3,000 units per year. Product 1 costs $200 to MCParts to purchase, with a holding cost of 25%; product 2 costs $220 to purchase, with a holding cost of 30%; product 3 costs $250 to purchase, with a holding cost of 40%. Each shipment costs $500 for the truck plus $250 per pickup due to processing and handling. Each truck has a capacity of 1500 of these products.
Currently, MCParts uses full truckload (FTL) transportation to source separately from each supplier, but they are considering two alternatives to reduce inventory costs: i. use optimal lot sizes for each product instead of full truckload shipments,
ii. aggregate sourcing on a single truck, via supplier runs.
A. What is the annual transportation and holding cost of sourcing a full truckload from each supplier in each order?
B. What is the optimal order quantity of each product, sourced separately from each supplier? What is the annual transportation and holding cost of this policy? Comment on why this policy saves from inventory costs when compared to full truckload policy in part (A).
C. What is the optimal order quantity for each product if MCParts aggregates shipments from the three suppliers on every truck that arrives from Atlanta? What is the annual transportation and holding cost of this policy? Comment on why this policy saves from inventory costs when compared to separate shipments policy in part (B).
D. Using the steps described in slides, develop a tailored aggregation policy that does not necessarily pickup all products in every supplier run. Describe the tailored policy and calculate its annual transportation and holding cost. Comment on why this policy was not as effective as the complete aggregation approach in part (C).
In: Operations Management
In: Operations Management
If you were an aide to President Obama (when he was president) or President Trump (you pick which president you want to advise), how would you advise him on the issue of approximately 12 million individuals who are in the United States without legal authorization. How would your advice affect the economy?
In: Operations Management
Explain the Inbound logistics (one of the value chain factores) for Newell in the long-term partnership? in other words, how Newell use the long-term partnership and how does it add a value to the company?
In: Operations Management
5. Describe how one company uses employee engagement to improve workplace safety.
6. List five workplace health hazards and how to deal with them.
7. Discuss the prerequisites for a security plan and how to set up a basic security program.
In: Operations Management
What are the current trends in the workplace related to age, gender, race, and sexual orientation of the labor force? What does this mean for you as a young professional about the enter the job market, as well as what does it mean for you as a future manager? Maybe even a future CEO?
In: Operations Management
In: Operations Management
The overall strategy of a company directly impacts its HR practices. Discuss, and give specific examples of, various HR practices that should be used related to the following three business strategies: growth strategy, stability strategy, and reduction strategy.
In: Operations Management
Answer the following question through the prism of before the current economic downturn related to the coronavirus:
You are the HR director for a restaurant group that owns 20 restaurants and employs around 1,000 people. All of the restaurants are located in New Orleans, LA. Due to economic conditions, change in tastes of its customers, and rising food costs, the company will have to close five of its restaurants, resulting in significant layoffs. How would you go about "rightsizing" this organization? What are the ethical and legal issues to consider?
In: Operations Management
1. Describe the process of Schematic Capture.
2. What is a Schematic Diagram.
3. Describe the guidelines for drawing schematics.
4. List the three main types of libraries for PCB design.
5. How are components classified, based on the leads.
In: Operations Management
Provide criticisms of leadership ethics.
In: Operations Management
In: Operations Management
A recommendation report of aimed at your client proposing the most appropriate change intervention from your exploration as a change agent within the organization. Your recommendation as a change agent.
Q. Discussion on the required types of change (solutions) and the rational for changes.
In: Operations Management